PBF Energy
PBF Energy Inc., together with its subsidiaries, engages in refining and supplying petroleum products. The last earnings update was 24 days ago. More info.
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PBF Share Price and Events
7 Day Returns
1 Year Returns
PBF Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| PBF Energy (PBF) | -6.5% | -13.8% | -16% | -35.5% | 7.6% | -10.1% |
| US Oil and Gas | -4.5% | -10.2% | -6.2% | -17.9% | -6.1% | -36.3% |
| US Market | -2.1% | -4.2% | 0% | 1.3% | 33.5% | 38% |
1 Year Return vs Industry and Market
- PBF underperformed the Oil and Gas industry which returned -17.9% over the past year.
- PBF underperformed the Market in United States of America which returned 1.3% over the past year.
PBF Value
Is PBF Energy undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
PBF Energy
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for PBF Energy.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 10 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10.2% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Oil and Gas Unlevered Beta | Simply Wall St/ S&P Global | 0.89 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.889 (1 + (1- 21%) (69.88%)) |
1.255 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.25 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.255 * 5.96%) |
10.21% |
Discounted Cash Flow Calculation for NYSE:PBF using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for PBF Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 10.21%) |
|
|---|---|---|---|
| 2019 | 150.68 | Analyst x4 | 136.72 |
| 2020 | 574.13 | Analyst x6 | 472.70 |
| 2021 | 574.00 | Analyst x1 | 428.81 |
| 2022 | 578.61 | Est @ 0.8% | 392.22 |
| 2023 | 586.60 | Est @ 1.38% | 360.80 |
| 2024 | 597.07 | Est @ 1.79% | 333.23 |
| 2025 | 609.43 | Est @ 2.07% | 308.62 |
| 2026 | 623.25 | Est @ 2.27% | 286.38 |
| 2027 | 638.24 | Est @ 2.41% | 266.10 |
| 2028 | 654.22 | Est @ 2.5% | 247.50 |
| Present value of next 10 years cash flows | $3,233.07 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $654.22 × (1 + 2.73%) ÷ (10.21% – 2.73%) |
$8,986.87 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $8,986.87 ÷ (1 + 10.21%)10 |
$3,399.85 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $3,233.07 + $3,399.85 |
$6,632.92 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $6,632.92 / 121.06 |
$54.79 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $54.79 |
| Current discount | Discount to share price of
$28.68
= -1 x ($28.68 - $54.79) / $54.79 |
47.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- PBF Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
- PBF Energy's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for PBF Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
PBF Energy's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $2.78 |
| NYSE:PBF Share Price ** | NYSE (2019-05-24) in USD | $28.68 |
| United States of America Oil and Gas Industry PE Ratio | Median Figure of 101 Publicly-Listed Oil and Gas Companies | 12.79x |
| United States of America Market PE Ratio | Median Figure of 3,082 Publicly-Listed Companies | 17.36x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of PBF Energy.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:PBF Share Price ÷ EPS (both in USD) = 28.68 ÷ 2.78 |
10.32x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- PBF Energy is good value based on earnings compared to the US Oil and Gas industry average.
- PBF Energy is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
PBF Energy's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 10.32x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts |
4.8%per year |
| United States of America Oil and Gas Industry PEG Ratio | Median Figure of 76 Publicly-Listed Oil and Gas Companies | 0.47x |
| United States of America Market PEG Ratio | Median Figure of 2,120 Publicly-Listed Companies | 1.5x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 10.32x ÷ 4.8% |
2.15x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- PBF Energy is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
PBF Energy's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $24.68 |
| NYSE:PBF Share Price * | NYSE (2019-05-24) in USD | $28.68 |
| United States of America Oil and Gas Industry PB Ratio | Median Figure of 195 Publicly-Listed Oil and Gas Companies | 1.13x |
| United States of America Market PB Ratio | Median Figure of 5,207 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:PBF Share Price ÷ Book Value per Share (both in USD) = 28.68 ÷ 24.68 |
1.16x |
* Primary Listing of PBF Energy.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- PBF Energy is overvalued based on assets compared to the US Oil and Gas industry average.
Value checks
We assess PBF Energy's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) PBF Energy has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
PBF Future Performance
How is PBF Energy expected to perform in the next 1 to 3 years based on estimates from 10 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- PBF Energy's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- PBF Energy's earnings growth is positive but not above the United States of America market average.
- PBF Energy's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:PBF Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts | 4.8% |
| NYSE:PBF Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts | -0.8% |
| United States of America Oil and Gas Industry Earnings Growth Rate | Market Cap Weighted Average | 12.2% |
| United States of America Oil and Gas Industry Revenue Growth Rate | Market Cap Weighted Average | 4.6% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.7% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 24,034 | 954 | 335 | 4 |
| 2020-12-31 | 26,294 | 1,218 | 635 | 5 |
| 2019-12-31 | 24,113 | 699 | 566 | 5 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 26,599 | 773 | 326 |
| 2018-12-31 | 27,186 | 838 | 128 |
| 2018-09-30 | 27,429 | 1,084 | 723 |
| 2018-06-30 | 25,262 | 1,028 | 858 |
| 2018-03-31 | 22,835 | 766 | 476 |
| 2017-12-31 | 21,787 | 686 | 414 |
| 2017-09-30 | 19,999 | 586 | 227 |
| 2017-06-30 | 19,033 | 401 | -45 |
| 2017-03-31 | 17,875 | 507 | 169 |
| 2016-12-31 | 15,920 | 652 | 171 |
| 2016-09-30 | 14,532 | 708 | -3 |
| 2016-06-30 | 13,237 | 459 | -3 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
All data from PBF Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 2.68 | 2.68 | 2.68 | 1.00 |
| 2020-12-31 | 5.11 | 6.31 | 4.16 | 6.00 |
| 2019-12-31 | 4.65 | 5.17 | 4.12 | 4.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 2.78 |
| 2018-12-31 | 1.11 |
| 2018-09-30 | 6.41 |
| 2018-06-30 | 7.71 |
| 2018-03-31 | 4.32 |
| 2017-12-31 | 3.78 |
| 2017-09-30 | 2.12 |
| 2017-06-30 | -0.43 |
| 2017-03-31 | 1.67 |
| 2016-12-31 | 1.74 |
| 2016-09-30 | -0.03 |
| 2016-06-30 | -0.03 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess PBF Energy's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
PBF Energy has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
PBF Past Performance
How has PBF Energy performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- PBF Energy has delivered over 20% year on year earnings growth in the past 5 years.
- PBF Energy's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- PBF Energy's 1-year earnings growth is negative, it can't be compared to the US Oil and Gas industry average.
Earnings and Revenue History
All data from PBF Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 26,599.49 | 326.47 | 268.55 | |
| 2018-12-31 | 27,186.09 | 127.57 | 272.95 | |
| 2018-09-30 | 27,429.23 | 723.16 | 261.53 | |
| 2018-06-30 | 25,261.82 | 857.91 | 250.25 | |
| 2018-03-31 | 22,834.96 | 476.02 | 233.00 | |
| 2017-12-31 | 21,786.64 | 414.47 | 214.93 | |
| 2017-09-30 | 19,999.22 | 227.37 | 184.93 | |
| 2017-06-30 | 19,033.47 | -44.61 | -413.81 | |
| 2017-03-31 | 17,874.71 | 168.85 | -139.98 | |
| 2016-12-31 | 15,920.42 | 170.81 | 149.39 | |
| 2016-09-30 | 14,532.35 | -3.28 | 427.36 | |
| 2016-06-30 | 13,236.78 | -2.59 | 1,221.12 | |
| 2016-03-31 | 12,928.98 | 29.69 | 1,140.20 | |
| 2015-12-31 | 13,123.93 | 146.40 | 175.43 | |
| 2015-09-30 | 14,283.44 | -11.68 | 1,003.64 | |
| 2015-06-30 | 16,325.80 | 86.49 | 987.22 | |
| 2015-03-31 | 18,076.85 | -28.36 | 996.89 | |
| 2014-12-31 | 19,828.16 | -38.24 | 1,029.80 | |
| 2014-09-30 | 20,124.59 | 270.53 | 1,021.98 | |
| 2014-06-30 | 19,723.47 | 109.71 | 1,008.41 | |
| 2014-03-31 | 19,100.05 | 105.58 | 986.40 | |
| 2013-12-31 | 19,151.46 | 39.54 | 908.45 | |
| 2013-09-30 | 19,285.38 | -529.43 | 924.57 | |
| 2013-06-30 | 19,821.71 | -323.02 | 919.16 | |
| 2013-03-31 | 20,220.43 | 215.89 | 893.42 | |
| 2012-12-31 | 20,138.69 | 1.96 | 859.27 | |
| 2012-09-30 | 19,964.77 | 355.29 | 831.68 | |
| 2012-06-30 | 19,314.32 | 475.13 | 843.48 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- PBF Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- PBF Energy used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
- PBF Energy's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess PBF Energy's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
PBF Energy has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
PBF Health
How is PBF Energy's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up PBF Energy's finances.
The net worth of a company is the difference between its assets and liabilities.
- PBF Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- PBF Energy's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from PBF Energy Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 3,446.80 | 2,437.00 | 418.30 |
| 2018-12-31 | 3,248.48 | 1,933.69 | 597.29 |
| 2018-09-30 | 3,645.36 | 2,177.13 | 1,059.20 |
| 2018-06-30 | 3,172.28 | 2,218.54 | 478.33 |
| 2018-03-31 | 2,915.83 | 2,181.05 | 362.96 |
| 2017-12-31 | 2,902.95 | 2,191.65 | 573.02 |
| 2017-09-30 | 2,675.36 | 2,165.17 | 300.89 |
| 2017-06-30 | 2,368.99 | 2,159.55 | 173.03 |
| 2017-03-31 | 2,512.22 | 2,112.11 | 346.15 |
| 2016-12-31 | 2,570.68 | 2,148.23 | 786.30 |
| 2016-09-30 | 2,279.36 | 2,369.63 | 685.39 |
| 2016-06-30 | 2,175.86 | 2,363.71 | 1,549.08 |
| 2016-03-31 | 2,033.75 | 1,845.90 | 740.32 |
| 2015-12-31 | 2,095.86 | 1,840.36 | 944.32 |
| 2015-09-30 | 1,890.97 | 1,381.12 | 472.83 |
| 2015-06-30 | 1,872.38 | 1,361.73 | 623.82 |
| 2015-03-31 | 1,767.72 | 1,259.23 | 449.48 |
| 2014-12-31 | 1,693.32 | 1,228.07 | 397.87 |
| 2014-09-30 | 2,174.54 | 1,156.50 | 477.39 |
| 2014-06-30 | 2,063.97 | 1,045.65 | 317.54 |
| 2014-03-31 | 1,810.12 | 734.83 | 237.14 |
| 2013-12-31 | 1,715.26 | 747.58 | 76.97 |
| 2013-09-30 | 1,648.84 | 738.57 | 57.42 |
| 2013-06-30 | 1,741.91 | 815.96 | 69.23 |
| 2013-03-31 | 1,761.19 | 727.55 | 404.09 |
| 2012-12-31 | 1,723.55 | 729.98 | 285.88 |
| 2012-09-30 | 1,633.33 | 732.96 | 170.05 |
| 2012-06-30 |
- PBF Energy's level of debt (70.7%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (40.7% vs 70.7% today).
- Debt is well covered by operating cash flow (31.7%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 3.4x coverage).
Financial health checks
We assess PBF Energy's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) PBF Energy has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
PBF Dividends
What is PBF Energy's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
PBF Energy
shares you are expected to receive
$84
in your first year as a dividend.
Dividend Amount
- PBF Energy's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
- PBF Energy's dividend is above the markets top 25% of dividend payers in United States of America (3.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 10 Analyst Estimates (S&P Global) | See Below |
| United States of America Oil and Gas Industry Average Dividend Yield | Market Cap Weighted Average of 66 Stocks | 3.9% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2008 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 1.20 | 6.00 |
| 2020-12-31 | 1.20 | 12.00 |
| 2019-12-31 | 1.20 | 12.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-01 | 1.200 | 3.881 |
| 2019-02-21 | 1.200 | 3.736 |
| 2019-02-14 | 1.200 | 3.431 |
| 2018-10-31 | 1.200 | 3.371 |
| 2018-08-02 | 1.200 | 2.473 |
| 2018-05-03 | 1.200 | 2.717 |
| 2018-02-23 | 1.200 | 3.533 |
| 2018-02-15 | 1.200 | 3.996 |
| 2017-11-02 | 1.200 | 3.658 |
| 2017-08-03 | 1.200 | 4.836 |
| 2017-05-04 | 1.200 | 5.529 |
| 2017-02-16 | 1.200 | 5.447 |
| 2016-11-04 | 1.200 | 4.757 |
| 2016-10-28 | 1.200 | 5.373 |
| 2016-07-29 | 1.200 | 5.429 |
| 2016-05-05 | 1.200 | 4.864 |
| 2016-04-28 | 1.200 | 3.828 |
| 2016-02-11 | 1.200 | 3.817 |
| 2015-11-05 | 1.200 | 3.397 |
| 2015-10-29 | 1.200 | 3.475 |
| 2015-08-06 | 1.200 | 3.930 |
| 2015-07-30 | 1.200 | 3.875 |
| 2015-04-30 | 1.200 | 4.233 |
| 2015-02-12 | 1.200 | 3.943 |
| 2014-11-07 | 1.200 | 4.446 |
| 2014-10-30 | 1.200 | 4.617 |
| 2014-08-01 | 1.200 | 4.787 |
| 2014-05-07 | 1.200 | 4.135 |
| 2014-04-30 | 1.200 | 3.811 |
| 2014-02-13 | 1.200 | 4.487 |
| 2013-10-31 | 1.200 | 4.306 |
| 2013-08-01 | 1.200 | 5.191 |
| 2013-05-02 | 1.200 | 4.618 |
| 2013-02-28 | 1.200 | 3.421 |
| 2013-02-21 | 1.200 | 3.001 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, PBF Energy has been paying a dividend for less than 10 years.
- PBF Energy has only been paying a dividend for 6 years, and since then there has been no growth.
Current Payout to shareholders
What portion of
PBF Energy's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.3x coverage).
- Dividends after 3 years are expected to be well covered by earnings (4x coverage).
Income/ dividend checks
We assess PBF Energy's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can PBF Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) PBF Energy has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
PBF Management
CEO
| COMPENSATION | $15,761,505 |
| AGE | 67 |
| TENURE AS CEO | 8.9 years |
CEO Bio
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 General Partner at PBF Logistics LP since 2013. Mr. Nimbley has been the Chief Executive Officer of PBF Holding Company LLC since June 2010. He has been the Chief Executive Officer of Paulsboro Natural Gas Pipeline Co. LLC since June 2010. He serves as the Chief Executive Officer and Chief Financial Officer of PBF Finance Corporation. He serves as the Chairman and Chief Executive Officer of PBF Services Co LLC; PBF Investments LLC; PBF Power Marketing LLC; Toledo Refining Company LLC; and Delaware Pipeline Co LLC. He has been the Chief Executive Officer of PBF Energy Company LLC since June 2010. Mr. Nimbley has been the Chief Executive Officer of PBF Energy Inc. since June 2010. He served as the Chief Executive Officer and Chairman of Delaware City Refining Company LLC. He served as a Principal for Nimbley Consultants LLC from June 2005 to March 2010, where he provided consulting services and assisted on the acquisition of two refineries. He served as Senior Vice President and Head of Refining at ConocoPhillips. He served as an Executive Vice President and Chief Operating Officer of PBF Energy Inc., from March 2010 to June 2010. Previously, he served as a Senior Vice President and Head of Refining at Phillips Corporation and Phillips Petroleum Company. He served as Senior Vice President and Head of Refining at ConocoPhillips domestic refining system (13 locations) following the merger of Phillips and Conoco from September 2001 to March 2005. Mr. Nimbley joined the Tosco Corporation as its Vice President and Refinery Manager since April 1993. He has been an Executive Chairman of PBF Energy Inc., PBF Energy Company LLC and PBF Logistics LP since June 30, 2016. He serves as the Chairman of the Board of Directors at Paulsboro Refining Company LLC. Mr. Nimbley served as the Chairman of PBF Finance Corporation since July 2016 and its Director since October 2012. He served as Chairman of PBF Holding Company LLC. He has been a Director of PBF Energy Inc. and PBF Energy Company LLC since October 29, 2014. He serves as a Director of Paulsboro Refining Company LLC. He has been a Director of PBF Holding Company LLC since October 2012. He serves as a Director of PBF Finance Corporation.
CEO Compensation
- Tom's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
- Tom's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the PBF Energy management team in years:
- The tenure for the PBF Energy management team is about average.
Management Team
Tom Nimbley
CEO & Chairman
$16M
67
8.9 yrs
Matt Lucey
President
$7M
45
4.3 yrs
C. Young
Senior VP & CFO
$6M
41
5.1 yrs
Tom O'Connor
Senior Vice President of Commercial
$6M
45
4.7 yrs
Timothy Davis
President of PBF Energy Western Region LLC
$6M
56
1.7 yrs
John Barone
Chief Accounting Officer & Controller
60
Colin Murray
Senior Director of Investor Relations
Trecia Canty
Senior VP
48
3.7 yrs
Jeffrey Dill
Senior Vice President
$2M
57
1.3 yrs
Herman Seedorf
Senior Vice President of Refining
66
5.7 yrs
Board of Directors Tenure
Average tenure and age of the PBF Energy board of directors in years:
- The tenure for the PBF Energy board of directors is about average.
Board of Directors
E. Abraham
Independent Director
$285K
65
6.6 yrs
Tom Nimbley
CEO & Chairman
$16M
67
2.9 yrs
Ed Kosnik
Lead Director
$317K
73
3 yrs
Wayne Budd
Independent Director
$288K
77
5.3 yrs
Gene Edwards
Independent Director
$294K
61
4.8 yrs
William Hantke
Independent Director
$275K
70
3.3 yrs
Robert Lavinia
Independent Director
$290K
71
3.3 yrs
Kim Lubel
Independent Director
$272K
53
1.8 yrs
George Ogden
Director
$335K
75
1.3 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by PBF Energy insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13. Mar 19 | Buy | Thomas Nimbley | Individual | 11. Mar 19 | 11. Mar 19 | 25,000 | $30.03 | $750,750 | ||
Management checks
We assess PBF Energy's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) PBF Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
PBF News
Simply Wall St News
Is PBF Energy Inc.'s (NYSE:PBF) CEO Salary Justified?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … Check out our latest analysis for PBF Energy How Does Tom Nimbley's Compensation Compare With Similar Sized Companies? … pays Tom Nimbley more than the median CEO remuneration at companies of a similar size, in the same market.
Simply Wall St - – Full articleWho Has Been Buying PBF Energy Inc. (NYSE:PBF) Shares?
As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' Check out our latest analysis for PBF Energy The Last 12 Months Of Insider Transactions At PBF Energy Over the last year, we can see that the biggest insider purchase was by CEO & Chairman Thomas Nimbley for US$751k worth of shares, at about US$30.03 per share. … NYSE:PBF Recent Insider Trading, May 14th 2019 PBF Energy is not the only stock that insiders are buying. … Insiders likely see value in PBF Energy shares, given these transactions (along with notable insider ownership of the company).
Simply Wall St - – Full articleAre Dividend Investors Making A Mistake With PBF Energy Inc. (NYSE:PBF)?
Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … With a goodly-sized dividend yield despite a relatively short payment history, investors might be wondering if PBF Energy is a new dividend aristocrat in the making. … Some simple analysis can offer a lot of insights when buying a company for its dividend, and we'll go through this below.
Simply Wall St - – Full articleHow PBF Energy Inc. (NYSE:PBF) Can Impact Your Portfolio Volatility
Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.
Simply Wall St - – Full articleA Closer Look At PBF Energy Inc.'s (NYSE:PBF) Uninspiring ROE
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows PBF Energy has a return on equity of 5.4% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleA Close Look At PBF Energy Inc.’s (NYSE:PBF) 12% ROCE
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleWhat does PBF Energy Inc.'s (NYSE:PBF) Balance Sheet Tell Us About Its Future?
Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like PBF Energy Inc. … While they are less talked about as an investment category, mid-cap risk-adjusted returns have generally been better than more commonly focused stocks that fall into the small- or large-cap categories. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself.
Simply Wall St - – Full articleInvestors Who Bought PBF Energy Shares Five Years Ago Are Now Up 18%
One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, PBF Energy actually saw its EPS drop 1.9% per year. … In the long term, though, it will be hard for the share price rises to continue without improving EPS.
Simply Wall St - – Full articleDoes PBF Energy Inc.'s (NYSE:PBF) CEO Salary Compare Well With Others?
First, this article will compare CEO compensation with compensation at similar sized companies. … And finally we will reflect on how common stockholders have fared in the last few years, as a secondary measure of performance. … How Does Tom Nimbley's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleIs PBF Energy Inc.'s (NYSE:PBF) P/E Ratio Really That Good?
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … PBF Energy has a price to earnings ratio of 5.35, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articlePBF Company Info
Description
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. PBF Energy Inc. was founded in 2008 and is based in Parsippany, New Jersey.
Details
| Name: | PBF Energy Inc. |
| PBF | |
| Exchange: | NYSE |
| Founded: | 2008 |
| $3,487,645,572 | |
| $3,437,310,791 | |
| 121,056,771 | |
| Website: | http://www.pbfenergy.com |
| Address: |
PBF Energy Inc. One Sylvan Way, Second Floor, Parsippany, New Jersey, 07054, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | PBF | Class A Common Stock | New York Stock Exchange | US | USD | 13. Dec 2012 | |
| DB | PEN | Class A Common Stock | Deutsche Boerse AG | DE | EUR | 13. Dec 2012 | |
| LSE | 0KE0 | Class A Common Stock | London Stock Exchange | GB | USD | 13. Dec 2012 | |
| BMV | PBF * | Class A Common Stock | Bolsa Mexicana de Valores | MX | MXN | 13. Dec 2012 |
Number of employees
Current staff
Industry
| Oil and Gas Refining and Marketing | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/25 00:36 |
| End of day share price update: | 2019/05/24 00:00 |
| Last estimates confirmation: | 2019/05/24 |
| Last earnings filing: | 2019/05/01 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
