NYSE:PBFX

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Executive Summary

PBF Logistics LP owns, leases, acquires, develops, and operates crude oil and refined petroleum products terminals, pipelines, storage facilities, and other logistics assets in the United States. More Details


Snowflake Analysis

Solid track record, good value and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.4%

PBFX

1.9%

US Oil and Gas

0.4%

US Market


1 Year Return

-60.5%

PBFX

-45.8%

US Oil and Gas

17.8%

US Market

Return vs Industry: PBFX underperformed the US Oil and Gas industry which returned -45.8% over the past year.

Return vs Market: PBFX underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

PBFXIndustryMarket
7 Day-1.4%1.9%0.4%
30 Day0.4%3.4%6.1%
90 Day-7.1%-14.4%8.9%
1 Year-56.2%-60.5%-42.4%-45.8%20.5%17.8%
3 Year-42.2%-57.0%-45.3%-52.5%42.3%32.9%
5 Year-35.8%-59.8%-43.2%-54.2%84.2%63.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PBFX ($8.45) is trading below our estimate of fair value ($26.45)

Significantly Below Fair Value: PBFX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: PBFX is good value based on its PE Ratio (4x) compared to the US Oil and Gas industry average (7.4x).

PE vs Market: PBFX is good value based on its PE Ratio (4x) compared to the US market (19.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PBFX is overvalued based on its PB Ratio (4.1x) compared to the US Oil and Gas industry average (0.8x).


Next Steps

Future Growth

How is PBF Logistics forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-4.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PBFX's earnings are forecast to decline over the next 3 years (-4.3% per year).

Earnings vs Market: PBFX's earnings are forecast to decline over the next 3 years (-4.3% per year).

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

Revenue vs Market: PBFX's revenue is expected to decline over the next 3 years (-0.9% per year).

High Growth Revenue: PBFX's revenue is forecast to decline over the next 3 years (-0.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PBFX's Return on Equity is forecast to be very high in 3 years time (59.7%).


Next Steps

Past Performance

How has PBF Logistics performed over the past 5 years?

5.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PBFX has high quality earnings.

Growing Profit Margin: PBFX's current net profit margins (36.9%) are higher than last year (25.7%).


Past Earnings Growth Analysis

Earnings Trend: PBFX's earnings have grown by 5.5% per year over the past 5 years.

Accelerating Growth: PBFX's earnings growth over the past year (66%) exceeds its 5-year average (5.5% per year).

Earnings vs Industry: PBFX earnings growth over the past year (66%) exceeded the Oil and Gas industry -35%.


Return on Equity

High ROE: Whilst PBFX's Return on Equity (104.55%) is outstanding, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is PBF Logistics's financial position?


Financial Position Analysis

Short Term Liabilities: PBFX's short term assets ($87.6M) exceed its short term liabilities ($36.5M).

Long Term Liabilities: PBFX's short term assets ($87.6M) do not cover its long term liabilities ($786.8M).


Debt to Equity History and Analysis

Debt Level: PBFX's debt to equity ratio (603.6%) is considered high.

Reducing Debt: PBFX had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: PBFX's debt is well covered by operating cash flow (22.5%).

Interest Coverage: PBFX's interest payments on its debt are well covered by EBIT (3.7x coverage).


Balance Sheet


Next Steps

Dividend

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

24.62%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PBFX's dividend (24.62%) is higher than the bottom 25% of dividend payers in the US market (1.63%).

High Dividend: PBFX's dividend (24.62%) is in the top 25% of dividend payers in the US market (4.56%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, PBFX has been paying a dividend for less than 10 years.

Growing Dividend: PBFX's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (76.9%), PBFX's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PBFX's dividends in 3 years are forecast to be covered by earnings (50.3% payout ratio).


Next Steps

Management

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

5.9yrs

Average management tenure


CEO

Tom Nimbley (69 yo)

7.75yrs

Tenure

US$428,000

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 ($USD428.00K) is below average for companies of similar size in the US market ($USD1.93M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Nimbley
Chairman & CEO of PBF Logistics GP7.75yrsUS$428.00k0.28%
$ 1.5m
Matthew Lucey
Executive VP & Director of PBF Logistics GP7.75yrsUS$321.00k0.12%
$ 613.6k
C. Young
Senior VP4yrsUS$267.50k0.057%
$ 298.7k
Trecia Canty
Senior VP6yrsUS$267.50k0.046%
$ 241.6k
Timothy Davis
Assistant Secretary of PBF Logistics GPno dataUS$267.50k0.051%
$ 269.7k
John Barone
Chief Accounting Officer of PBF Logistics GP LLCno datano data0.030%
$ 160.1k
Colin Murray
Head of Investor Relationsno datano datano data
Thomas O'Connor
Senior Vice President - Commercial of PBF Logistics GPno datano data0.036%
$ 190.3k
Herman Seedorf
Senior Vice Presidentno datano data0.052%
$ 273.8k
Jeffrey Dill
Assistant Secretary of PBF Logistics GP LLC & President of Western Region - PBF Logistics GP LLC5.08yrsUS$247.50kno data
Thomas O'Malley
Consultant of PBF Logistics GP LLC4.33yrsUS$297.00kno data

5.9yrs

Average Tenure

58.5yo

Average Age

Experienced Management: PBFX's management team is seasoned and experienced (5.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Nimbley
Chairman & CEO of PBF Logistics GP7.75yrsUS$428.00k0.28%
$ 1.5m
Matthew Lucey
Executive VP & Director of PBF Logistics GP7.75yrsUS$321.00k0.12%
$ 613.6k
C. Young
Senior VP4yrsUS$267.50k0.057%
$ 298.7k
Michael Gayda
Director of PBF Logistics GP7.75yrsUS$123.74k0.085%
$ 448.4k
Bruce Jones
Independent Director of PBF Logistics GP6.42yrsUS$155.39k0.039%
$ 205.6k
David Roush
Independent Director of PBF Logistics GP6.42yrsUS$163.17k0.029%
$ 153.8k
Lawrence Ziemba
Independent Director of PBF Logistics GP LLC0.83yrno datano data

6.4yrs

Average Tenure

65yo

Average Age

Experienced Board: PBFX's board of directors are considered experienced (6.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: PBFX 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 Logistics LP's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PBF Logistics LP
  • Ticker: PBFX
  • Exchange: NYSE
  • Founded: 2012
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: US$526.866m
  • Shares outstanding: 62.35m
  • Website: https://www.pbflogistics.com

Number of Employees


Location

  • PBF Logistics LP
  • One Sylvan Way
  • Second Floor
  • Parsippany
  • New Jersey
  • 7054
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PBFXNYSE (New York Stock Exchange)YesCommon UnitsUSUSDMay 2014
11PDB (Deutsche Boerse AG)YesCommon UnitsDEEURMay 2014

Biography

PBF Logistics LP owns, leases, acquires, develops, and operates crude oil and refined petroleum products terminals, pipelines, storage facilities, and other logistics assets in the United States. It operat ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/26 05:22
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
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.