PBF Logistics
Market Cap
US$637.9m
Last Updated
2020/12/04 23:19 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. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 6.7% per year for the next 3 years
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: PBFX's weekly volatility has decreased from 15% to 7% over the past year.
Market Performance
7 Day Return
5.9%
PBFX
4.4%
US Oil and Gas
1.5%
US Market
1 Year Return
-49.8%
PBFX
-29.3%
US Oil and Gas
22.3%
US Market
Return vs Industry: PBFX underperformed the US Oil and Gas industry which returned -31.7% over the past year.
Return vs Market: PBFX underperformed the US Market which returned 22.1% over the past year.
Shareholder returns
| PBFX | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.9% | 4.4% | 1.5% |
| 30 Day | 36.9% | 33.5% | 8.8% |
| 90 Day | 11.2% | 17.2% | 10.8% |
| 1 Year | -43.7%-49.8% | -24.6%-29.3% | 25.1%22.3% |
| 3 Year | -30.0%-48.5% | -30.8%-40.2% | 49.5%39.6% |
| 5 Year | -15.3%-47.7% | -12.5%-29.7% | 105.8%83.3% |
Long-Term 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
2 years ago | Simply Wall St
Is PBF Logistics LP's (NYSE:PBFX) Growth Strong Enough To Justify Its September Share Price?2 years ago | Simply Wall St
PBF Logistics LP (NYSE:PBFX): How Does It Impact Your Portfolio?2 years 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?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PBFX ($10.23) is trading below our estimate of fair value ($22.58)
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 (4.4x) compared to the US Oil and Gas industry average (8.9x).
PE vs Market: PBFX is good value based on its PE Ratio (4.4x) compared to the US market (19.4x).
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 (4.2x) compared to the US Oil and Gas industry average (1x).
Next Steps
Future Growth
How is PBF Logistics forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
-6.7%
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 (-6.7% per year).
Earnings vs Market: PBFX's earnings are forecast to decline over the next 3 years (-6.7% 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 (-4% per year).
High Growth Revenue: PBFX's revenue is forecast to decline over the next 3 years (-4% 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 (54.3%).
Next Steps
Past Performance
How has PBF Logistics performed over the past 5 years?
8.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PBFX has high quality earnings.
Growing Profit Margin: PBFX's current net profit margins (40.2%) are higher than last year (28.1%).
Past Earnings Growth Analysis
Earnings Trend: PBFX's earnings have grown by 8.8% per year over the past 5 years.
Accelerating Growth: PBFX's earnings growth over the past year (58.3%) exceeds its 5-year average (8.8% per year).
Earnings vs Industry: PBFX earnings growth over the past year (58.3%) exceeded the Oil and Gas industry -29.6%.
Return on Equity
High ROE: Whilst PBFX's Return on Equity (95.21%) 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 ($97.6M) exceed its short term liabilities ($53.1M).
Long Term Liabilities: PBFX's short term assets ($97.6M) do not cover its long term liabilities ($735.1M).
Debt to Equity History and Analysis
Debt Level: PBFX's debt to equity ratio (477.6%) 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 (26.6%).
Interest Coverage: PBFX's interest payments on its debt are well covered by EBIT (3.9x coverage).
Balance Sheet
Next Steps
Dividend
What is PBF Logistics's current dividend yield, its reliability and sustainability?
20.33%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PBFX's dividend (20.33%) is higher than the bottom 25% of dividend payers in the US market (1.49%).
High Dividend: PBFX's dividend (20.33%) is in the top 25% of dividend payers in the US market (4.1%)
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: With its reasonable payout ratio (60.6%), PBFX's dividend 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 (57.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
6.0yrs
Average management tenure
CEO
Tom Nimbley (69 yo)
7.92yrs
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 ($USD2.60M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO of PBF Logistics GP | 7.92yrs | US$428.00k | 0.28% $ 1.8m | |
| Executive VP & Director of PBF Logistics GP | 7.92yrs | US$321.00k | 0.12% $ 742.8k | |
| Senior VP | 4.17yrs | US$267.50k | 0.057% $ 361.7k | |
| Senior VP | 6.17yrs | US$267.50k | 0.046% $ 292.4k | |
| Assistant Secretary of PBF Logistics GP | no data | US$267.50k | 0.051% $ 326.5k | |
| Chief Accounting Officer of PBF Logistics GP LLC | no data | no data | 0.030% $ 193.7k | |
| Head of Investor Relations | no data | no data | no data | |
| Senior Vice President - Commercial of PBF Logistics GP | no data | no data | no data | |
| Senior Vice President | no data | no data | no data | |
| Assistant Secretary of PBF Logistics GP LLC & President of Western Region - PBF Logistics GP LLC | 5.25yrs | US$247.50k | no data | |
| Consultant of PBF Logistics GP LLC | 4.5yrs | US$297.00k | no data |
6.0yrs
Average Tenure
58.5yo
Average Age
Experienced Management: PBFX's management team is seasoned and experienced (6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO of PBF Logistics GP | 7.92yrs | US$428.00k | 0.28% $ 1.8m | |
| Executive VP & Director of PBF Logistics GP | 7.92yrs | US$321.00k | 0.12% $ 742.8k | |
| Senior VP | 4.17yrs | US$267.50k | 0.057% $ 361.7k | |
| Director of PBF Logistics GP | 7.92yrs | US$123.74k | 0.085% $ 542.9k | |
| Independent Director of PBF Logistics GP | 6.58yrs | US$155.39k | 0.039% $ 248.9k | |
| Independent Director of PBF Logistics GP | 6.58yrs | US$163.17k | 0.029% $ 186.2k | |
| Independent Director of PBF Logistics GP LLC | 1yr | no data | no data |
6.6yrs
Average Tenure
65yo
Average Age
Experienced Board: PBFX's board of directors are considered experienced (6.6 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$637.948m
- Shares outstanding: 62.36m
- 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 | 2020/12/04 23:19 |
| End of Day Share Price | 2020/12/04 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.