PBF Logistics
Market Cap
US$1.3b
Last Updated
2019/12/09 00:39 UTC
Data Sources
Company Financials +
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.
Rewards
Snowflake Analysis
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.2%
PBFX
1.7%
US Oil and Gas
0.3%
US Market
1 Year Return
-3.0%
PBFX
-10.0%
US Oil and Gas
18.5%
US Market
Return vs Industry: PBFX exceeded the US Oil and Gas industry which returned -10% over the past year.
Return vs Market: PBFX underperformed the US Market which returned 18.5% over the past year.
Shareholder returns
| PBFX | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.2% | 1.7% | 0.3% |
| 30 Day | -5.4% | -2.6% | 1.5% |
| 90 Day | -5.2% | -1.6% | 5.7% |
| 1 Year | 6.9%-3.0% | -6.7%-10.0% | 21.1%18.5% |
| 3 Year | 48.6%12.2% | -12.3%-20.3% | 45.9%36.4% |
| 5 Year | 60.0%3.7% | -7.3%-21.1% | 71.4%52.5% |
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
1 year ago | Simply Wall St
Is PBF Logistics LP's (NYSE:PBFX) Growth Strong Enough To Justify Its September Share Price?1 year ago | Simply Wall St
PBF Logistics LP (NYSE:PBFX): How Does It Impact Your Portfolio?1 year ago | Simply Wall St
How PBF Logistics LP (NYSE:PBFX) Delivered A Better ROE Than Its IndustryValuation
Is PBF Logistics undervalued compared to its fair value and its price relative to the market?
40.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PBFX ($20.36) is trading below our estimate of fair value ($33.95)
Significantly Below Fair Value: PBFX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PBFX is poor value based on its PE Ratio (12x) compared to the Oil and Gas industry average (9.9x).
PE vs Market: PBFX is good value based on its PE Ratio (12x) compared to the US market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: PBFX is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: PBFX is overvalued based on its PB Ratio (11.8x) compared to the US Oil and Gas industry average (0.8x).
Future Growth
How is PBF Logistics forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
14.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PBFX's forecast earnings growth (14% per year) is above the savings rate (1.7%).
Earnings vs Market: PBFX's earnings (14% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: PBFX's earnings are forecast to grow, but not significantly.
Revenue vs Market: PBFX's revenue (3.6% per year) is forecast to grow slower than the US market (7.4% per year).
High Growth Revenue: PBFX's revenue (3.6% per year) is forecast to grow slower than 20% 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 (136.3%).
Past Performance
How has PBF Logistics performed over the past 5 years?
10.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PBFX has high quality earnings.
Growing Profit Margin: PBFX's current net profit margins (28.1%) are higher than last year (27.6%).
Past Earnings Growth Analysis
Earnings Trend: PBFX has become profitable over the past 5 years, growing earnings by 10.4% per year.
Accelerating Growth: PBFX's earnings growth over the past year (23.7%) exceeds its 5-year average (10.4% per year).
Earnings vs Industry: PBFX earnings growth over the past year (23.7%) exceeded the Oil and Gas industry -15.6%.
Return on Equity
High ROE: Whilst PBFX's Return on Equity (97.89%) is outstanding, this metric is skewed due to their high level of debt.
Return on Assets
Return on Capital Employed
Financial Health
How is PBF Logistics's financial position?
Financial Position Analysis
Short Term Liabilities: PBFX's short term assets ($129.0M) exceed its short term liabilities ($75.6M).
Long Term Liabilities: PBFX's short term assets ($129.0M) do not cover its long term liabilities ($827.6M).
Debt to Equity History and Analysis
Debt Level: PBFX's debt to equity ratio (748.3%) 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 not well covered by operating cash flow (13.9%).
Interest Coverage: PBFX's interest payments on its debt are well covered by EBIT (3.3x coverage).
Balance Sheet
Inventory Level: PBFX has a high level of physical assets or inventory.
Debt Coverage by Assets: PBFX's debt is not covered by short term assets (assets are 0.2x debt).
Dividend
What is PBF Logistics's current dividend yield, its reliability and sustainability?
10.22%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PBFX's dividend (10.22%) is higher than the bottom 25% of dividend payers in the US market (1.42%).
High Dividend: PBFX's dividend (10.22%) is in the top 25% of dividend payers in the US market (3.7%)
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 5 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (120.9%), PBFX's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PBFX's dividends in 3 years are not forecast to be well covered by earnings (105.4% payout ratio).
Management
What is the CEO of PBF Logistics's salary, the management and board of directors tenure and is there insider trading?
5.2yrs
Average management tenure
CEO
Tom Nimbley (68yo)
6.9yrs
Tenure
US$398,000
Compensation
Mr. Thomas J. Nimbley, also known as Tom, serves as the Chief Executive Officer at Paulsboro Refining Company LLC. Mr. Nimbley has been the Chief Executive Officer of PBF Logistics GP LLC and Director of G ...
CEO Compensation Analysis
Compensation vs Market: Tom's total compensation ($USD398.00K) is below average for companies of similar size in the US market ($USD3.87M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
Management Age and Tenure
5.2yrs
Average Tenure
57yo
Average Age
Experienced Management: PBFX's management team is seasoned and experienced (5.2 years average tenure).
Board Age and Tenure
5.6yrs
Average Tenure
64yo
Average Age
Experienced Board: PBFX's board of directors are considered experienced (5.6 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Director of PBF Logistics GP |
| Shares | 590 |
| Max Price | US$20.33 |
| Entity | Individual |
| Role | Member of the Board of Directors Director of PBF Logistics GP |
| Shares | 450 |
| Max Price | US$20.75 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director of PBF Logistics GP LLC |
| Shares | 5,000 |
| Max Price | US$19.85 |
| Entity | Individual |
| Role | Member of the Board of Directors Director of PBF Logistics GP |
| Shares | 1,351.59 |
| Max Price | US$21.40 |
| Entity | Individual |
| Role | Member of the Board of Directors Director of PBF Logistics GP |
| Shares | 6,500 |
| Max Price | US$21.67 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.3%.
Management Team
C. Young (42yo)
Senior VP
- Tenure: 3.2yrs
- Compensation: US$248.75k
Herman Seedorf (67yo)
Senior Vice President
- Tenure: 0yrs
Jeffrey Dill (58yo)
Assistant Secretary of PBF Logistics GP LLC & President of Western Region - PBF Logistics GP LLC
- Tenure: 4.3yrs
- Compensation: US$247.50k
Matt Lucey (46yo)
Executive VP & Director of PBF Logistics GP
- Tenure: 6.9yrs
- Compensation: US$298.50k
Colin Murray
Head of Investor Relations
- Tenure: 0yrs
Tom Nimbley (68yo)
Chairman & CEO of PBF Logistics GP
- Tenure: 6.9yrs
- Compensation: US$398.00k
Timothy Davis (57yo)
Assistant Secretary of PBF Logistics GP
- Tenure: 0yrs
- Compensation: US$248.75k
Tom O'Connor (46yo)
Senior Vice President - Commercial of PBF Logistics GP
- Tenure: 0yrs
John Barone (61yo)
Chief Accounting Officer of PBF Logistics GP LLC
- Tenure: 0yrs
Trecia Canty (49yo)
Senior VP
- Tenure: 5.2yrs
- Compensation: US$248.75k
Board Members
C. Young (42yo)
Senior VP
- Tenure: 3.2yrs
- Compensation: US$248.75k
Mike Gayda (64yo)
Director of PBF Logistics GP
- Tenure: 6.9yrs
- Compensation: US$110.50k
Bruce Jones (65yo)
Director of PBF Logistics GP
- Tenure: 5.6yrs
- Compensation: US$148.00k
Dave Roush (65yo)
Director of PBF Logistics GP
- Tenure: 5.6yrs
- Compensation: US$158.00k
Matt Lucey (46yo)
Executive VP & Director of PBF Logistics GP
- Tenure: 6.9yrs
- Compensation: US$298.50k
Tom Nimbley (68yo)
Chairman & CEO of PBF Logistics GP
- Tenure: 6.9yrs
- Compensation: US$398.00k
Karen Davis (62yo)
Independent Director of PBF Logistics GP LLC
- Tenure: 2yrs
- Compensation: US$148.00k
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: 2013
- Industry: Oil and Gas Storage and Transportation
- Sector: Energy
- Market Cap: US$1.271b
- Shares outstanding: 62.11m
- Website: https://www.pbflogistics.com
Number of Employees
Location
- PBF Logistics LP
- One Sylvan Way
- Second Floor
- Parsippany
- New Jersey
- 7054
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PBFX | NYSE (New York Stock Exchange) | Yes | Common Units | US | USD | May 2014 |
| 11P | DB (Deutsche Boerse AG) | Yes | Common Units | DE | EUR | May 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/09 00:39 |
| End of Day Share Price | 2019/12/06 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.