PBF Energy (NYSE:PBF) - Share price, News & Analysis

PBF fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	2/6
Financial Health	2/6
Dividends	0/6

PBF Stock Overview

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

Rewards

PE ratio (14.7x) is below the US market (15.6x)

Became profitable this year

Risk Analysis

Earnings are forecast to decline by an average of 66.6% per year for the next 3 years

Interest payments are not well covered by earnings

Large one-off items impacting financial results

PBF Energy Competitors

Marathon Petroleum

NYSE:MPC

US$51.9b

Valero Energy

NYSE:VLO

US$50.9b

Phillips 66

NYSE:PSX

US$45.5b

HF Sinclair

NYSE:DINO

US$10.5b

Price History & Performance

Summary of all time highs, changes and price drops for PBF Energy
Historical stock prices
Current Share Price	US$30.41
52 Week High	US$32.41
52 Week Low	US$7.24
Beta	2.27
1 Month Change	11.31%
3 Month Change	57.08%
1 Year Change	97.60%
3 Year Change	-0.85%
5 Year Change	39.50%
Change since IPO	15.85%

Shareholder Returns

	PBF	US Oil and Gas	US Market
7D	-2.4%	-3.5%	-2.5%
1Y	97.6%	47.7%	-10.4%

Return vs Industry: PBF exceeded the US Oil and Gas industry which returned 47.7% over the past year.

Return vs Market: PBF exceeded the US Market which returned -10.4% over the past year.

Price Volatility

Is PBF's price volatile compared to industry and market?
PBF volatility
PBF Average Weekly Movement	12.0%
Oil and Gas Industry Average Movement	8.5%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.7%
10% least volatile stocks in US Market	2.8%

Stable Share Price: PBF is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: PBF's weekly volatility (12%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2008	3,418	Tom Nimbley	https://www.pbfenergy.com

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.

PBF Energy Fundamentals Summary

How do PBF Energy's earnings and revenue compare to its market cap?
PBF fundamental statistics
Market Cap	US$3.70b
Earnings (TTM)	US$251.20m
Revenue (TTM)	US$31.47b

14.7x

P/E Ratio

0.1x

P/S Ratio

Is PBF overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
PBF income statement (TTM)
Revenue	US$31.47b
Cost of Revenue	US$30.33b
Gross Profit	US$1.14b
Other Expenses	US$888.10m
Earnings	US$251.20m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	2.06
Gross Margin	3.62%
Net Profit Margin	0.80%
Debt/Equity Ratio	166.9%

How did PBF perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

14.74x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: PBF ($30.41) is trading above our estimate of fair value ($9.82)

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

Price To Earnings Ratio

PE vs Industry: PBF is poor value based on its PE Ratio (14.7x) compared to the US Oil and Gas industry average (13.4x).

PE vs Market: PBF is good value based on its PE Ratio (14.7x) compared to the US market (15.6x).

Price to Earnings Growth Ratio

PEG Ratio: PBF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.

Price to Book Ratio

PB vs Industry: PBF's PB Ratio (1.9x) is in line with the US Oil and Gas industry average.

Future Growth

How is PBF Energy forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-66.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PBF's earnings are forecast to decline over the next 3 years (-66.6% per year).

Earnings vs Market: PBF's earnings are forecast to decline over the next 3 years (-66.6% per year).

High Growth Earnings: PBF's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PBF's revenue is expected to decline over the next 3 years (-4.9% per year).

High Growth Revenue: PBF's revenue is forecast to decline over the next 3 years (-4.9% 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 (3.2%).

Past Performance

How has PBF Energy performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-41.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PBF has a large one-off gain of $226.0M impacting its March 31 2022 financial results.

Growing Profit Margin: PBF became profitable in the past.

Past Earnings Growth Analysis

Earnings Trend: PBF has become profitable over the past 5 years, growing earnings by -41.1% per year.

Accelerating Growth: PBF has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: PBF has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (68.1%).

Return on Equity

High ROE: PBF's Return on Equity (13.2%) is considered low.

Financial Health

How is PBF Energy's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: PBF's short term assets ($6.4B) exceed its short term liabilities ($5.1B).

Long Term Liabilities: PBF's short term assets ($6.4B) exceed its long term liabilities ($5.3B).

Debt to Equity History and Analysis

Debt Level: PBF's net debt to equity ratio (110.1%) is considered high.

Reducing Debt: PBF's debt to equity ratio has increased from 82.2% to 166.9% over the past 5 years.

Debt Coverage: PBF's debt is not well covered by operating cash flow (19.1%).

Interest Coverage: PBF's interest payments on its debt are not well covered by EBIT (1.3x coverage).

Balance Sheet

Dividend

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

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

0.062%

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.

Earnings Payout to Shareholders

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

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PBF has not reported any payouts.

Next Steps

Explore strong dividend paying companies in the Energy industry.

Management

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

6.7yrs

Average management tenure

CEO

Tom Nimbley (70 yo)

11.92yrs

Tenure

US$7,294,215

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 Executive Chairman of PBF Logistics GP LLC, a General Partner at...

CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD7.29M) is about average for companies of similar size in the US market ($USD6.90M).

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

Leadership Team

Experienced Management: PBF's management team is seasoned and experienced (6.7 years average tenure).

Board Members

Experienced Board: PBF's board of directors are considered experienced (6.3 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/14 00:00
End of Day Share Price	2022/05/13 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31