NYSE:PBF

Stock Analysis Report

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Executive Summary

PBF Energy Inc., together with its subsidiaries, engages in refining and supplying petroleum products.


Snowflake Analysis

Moderate growth potential with imperfect balance sheet.


Similar Companies

Share Price & News

How has PBF Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PBF's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.0%

PBF

1.5%

US Oil and Gas

1.0%

US Market


1 Year Return

-63.9%

PBF

-35.9%

US Oil and Gas

4.1%

US Market

Return vs Industry: PBF underperformed the US Oil and Gas industry which returned -35.9% over the past year.

Return vs Market: PBF underperformed the US Market which returned 4.1% over the past year.


Shareholder returns

PBFIndustryMarket
7 Day2.0%1.5%1.0%
30 Day38.5%9.0%5.4%
90 Day-55.8%-19.8%-5.7%
1 Year-62.6%-63.9%-32.9%-35.9%6.5%4.1%
3 Year-39.8%-46.0%-31.4%-38.6%28.3%19.8%
5 Year-51.5%-60.3%-39.1%-48.8%52.2%35.0%

Price Volatility Vs. Market

How volatile is PBF Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is PBF Energy undervalued compared to its fair value and its price relative to the market?

0.64x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: PBF ($10.46) is trading above our estimate of fair value ($1.99)

Significantly Below Fair Value: PBF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PBF is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: PBF is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PBF's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PBF is good value based on its PB Ratio (0.6x) compared to the US Oil and Gas industry average (0.6x).


Next Steps

Future Growth

How is PBF Energy forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

87.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PBF is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: PBF is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PBF's is expected to become profitable in the next 3 years.

Revenue vs Market: PBF's revenue (3.9% per year) is forecast to grow slower than the US market (8.9% per year).

High Growth Revenue: PBF's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PBF's Return on Equity is forecast to be low in 3 years time (12%).


Next Steps

Past Performance

How has PBF Energy performed over the past 5 years?

-0.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PBF is currently unprofitable.

Growing Profit Margin: PBF is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PBF is unprofitable, and losses have increased over the past 5 years at a rate of -0.8% per year.

Accelerating Growth: Unable to compare PBF's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PBF is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-22.9%).


Return on Equity

High ROE: PBF has a negative Return on Equity (-37.46%), as it is currently unprofitable.


Next Steps

Financial Health

How is PBF Energy's financial position?


Financial Position Analysis

Short Term Liabilities: PBF's short term assets ($2.3B) exceed its short term liabilities ($2.0B).

Long Term Liabilities: PBF's short term assets ($2.3B) do not cover its long term liabilities ($4.6B).


Debt to Equity History and Analysis

Debt Level: PBF's debt to equity ratio (141.6%) is considered high.

Reducing Debt: PBF's debt to equity ratio has increased from 69.3% to 141.6% over the past 5 years.

Debt Coverage: PBF's debt is well covered by operating cash flow (24.1%).

Interest Coverage: PBF is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is PBF Energy's current dividend yield, its reliability and sustainability?

1.83%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PBF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PBF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PBF's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PBF's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: PBF is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PBF's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.5yrs

Average management tenure


CEO

Tom Nimbley (68yo)

9.92yrs

Tenure

US$10,149,441

Compensation

Mr. Thomas J. Nimbley, also known as Tom, serves as the Chief Executive Officer at Paulsboro Refining Company LLC. Mr. Nimbley has been the Chief Executive Officer of PBF Logistics GP LLC and Director of G ...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD10.15M) is above average for companies of similar size in the US market ($USD4.91M).

Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Nimbley
CEO & Chairman9.92yrsUS$10.15m0.31% $4.0m
Matthew Lucey
President5.33yrsUS$4.44m0.099% $1.2m
C. Young
Senior VP & CFO6.08yrsUS$3.87m0.083% $1.1m
Thomas O'Connor
Senior Vice President of Commercial5.67yrsUS$3.61m0.10% $1.3m
Timothy Davis
President of PBF Energy Western Region LLC2.67yrsUS$3.60m0.027% $337.3k
John Barone
Chief Accounting Officer & Controllerno datano data0.0075% $94.9k
Colin Murray
Senior Director of Investor Relationsno datano datano data
Trecia Canty
Senior VP4.67yrsno data0.025% $319.5k
Herman Seedorf
Senior Vice President of Refining6.67yrsno data0.025% $316.4k
Thomas O'Malley
Consultant3.92yrsUS$8.29mno data

5.5yrs

Average Tenure

57yo

Average Age

Experienced Management: PBF's management team is seasoned and experienced (5.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Nimbley
CEO & Chairman9.92yrsUS$10.15m0.31% $4.0m
Robert Lavinia
Independent Director4.25yrsUS$300.06k0.017% $210.4k
William Hantke
Independent Director4.25yrsUS$293.86k0.012% $157.6k
Wayne Budd
Independent Director6.25yrsUS$312.67k0.019% $243.5k
Edward Kosnik
Independent Lead Director4yrsUS$346.44k0.028% $352.4k
Kimberly Lubel
Independent Director2.75yrsUS$298.08k0.0098% $124.2k
E. Abraham
Independent Director7.58yrsUS$315.41k0.019% $243.3k
S. Edwards
Independent Director5.83yrsUS$317.70k0.018% $228.1k
Karen Davis
Independent Director0.33yrno data0.0011% $14.4k
George Ogden
Independent Director2.33yrsUS$302.60k0.0064% $80.5k

4.1yrs

Average Tenure

69.5yo

Average Age

Experienced Board: PBF's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

PBF Energy Inc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PBF Energy Inc
  • Ticker: PBF
  • Exchange: NYSE
  • Founded: 2008
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Implied Market Cap: US$1.266b
  • Market Cap: US$1.255b
  • Shares outstanding: 121.01m
  • Website: https://www.pbfenergy.com

Number of Employees


Location

  • PBF Energy Inc
  • 1 Sylvan Way, Second Floor
  • Parsippany
  • New Jersey
  • 7054
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PBFNYSE (New York Stock Exchange)YesClass A Common StockUSUSDDec 2012
PENDB (Deutsche Boerse AG)YesClass A Common StockDEEURDec 2012
PENBST (Boerse-Stuttgart)YesClass A Common StockDEEURDec 2012
PBF *BMV (Bolsa Mexicana de Valores)YesClass A Common StockMXMXNDec 2012
0KE0LSE (London Stock Exchange)YesClass A Common StockGBUSDDec 2012

Biography

PBF Energy Inc., together with its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products. The company sells its products in Northeast, Midwest, Gulf Coast, and West Coast of the United States, as well as in other regions of the United States, Canada, and Mexico. It also offers various rail, truck, and marine terminaling services, as well as pipeline transportation and storage services. The company owns and operates five oil refineries and related assets. PBF Energy Inc. was founded in 2008 and is based in Parsippany, New Jersey. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/26 06:25
End of Day Share Price2020/05/22 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.