NYSE:PSX

Stock Analysis Report

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Market Cap

US$32.2b

Last Updated

2021/07/31 06:11 UTC

Data Sources

Company Financials +

Executive Summary

Phillips 66 operates as an energy manufacturing and logistics company. More Details


Snowflake Analysis

Moderate growth potential second-rate dividend payer.


Similar Companies

Share Price & News

How has Phillips 66's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PSX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PSX's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

1.7%

PSX

1.0%

US Oil and Gas

-0.5%

US Market


1 Year Return

18.4%

PSX

41.7%

US Oil and Gas

35.9%

US Market

Return vs Industry: PSX underperformed the US Oil and Gas industry which returned 41.7% over the past year.

Return vs Market: PSX underperformed the US Market which returned 35.9% over the past year.


Shareholder returns

PSXIndustryMarket
7 Day1.7%1.0%-0.5%
30 Day-15.7%-8.2%0.3%
90 Day-9.2%1.7%3.1%
1 Year24.7%18.4%50.4%41.7%38.0%35.9%
3 Year-31.6%-39.6%-19.5%-31.0%62.9%52.7%
5 Year13.1%-6.2%-5.3%-24.0%121.7%97.3%

Long-Term Price Volatility Vs. Market

How volatile is Phillips 66's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Phillips 66 undervalued compared to its fair value and its price relative to the market?

31.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PSX ($73.43) is trading below our estimate of fair value ($106.83)

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


Price To Earnings Ratio

PE vs Industry: PSX is unprofitable, so we can't compare its PE Ratio to the US Oil and Gas industry average.

PE vs Market: PSX is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PSX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PSX is overvalued based on its PB Ratio (1.8x) compared to the US Oil and Gas industry average (1.7x).


Future Growth

How is Phillips 66 forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

33.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PSX is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: PSX is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PSX's is expected to become profitable in the next 3 years.

Revenue vs Market: PSX's revenue (2.1% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: PSX's revenue (2.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PSX's Return on Equity is forecast to be low in 3 years time (15.8%).


Past Performance

How has Phillips 66 performed over the past 5 years?

-25.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PSX is currently unprofitable.

Growing Profit Margin: PSX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PSX is unprofitable, and losses have increased over the past 5 years at a rate of 25.4% per year.

Accelerating Growth: Unable to compare PSX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PSX is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-42.2%).


Return on Equity

High ROE: PSX has a negative Return on Equity (-9.41%), as it is currently unprofitable.


Financial Health

How is Phillips 66's financial position?


Financial Position Analysis

Short Term Liabilities: PSX's short term assets ($14.4B) exceed its short term liabilities ($11.4B).

Long Term Liabilities: PSX's short term assets ($14.4B) do not cover its long term liabilities ($23.6B).


Debt to Equity History and Analysis

Debt Level: PSX's debt to equity ratio (73.5%) is considered high.

Reducing Debt: PSX's debt to equity ratio has increased from 37.4% to 73.5% over the past 5 years.

Debt Coverage: PSX's debt is not well covered by operating cash flow (14.4%).

Interest Coverage: Insufficient data to determine if PSX's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Phillips 66 current dividend yield, its reliability and sustainability?

4.90%

Current Dividend Yield


Upcoming Dividend Payment

TodayJul 31 2021Ex Dividend DateAug 17 2021Dividend Pay DateSep 01 202115 days from Ex DividendBuy in the next 16 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: PSX's dividend (4.9%) is higher than the bottom 25% of dividend payers in the US market (1.31%).

High Dividend: PSX's dividend (4.9%) is in the top 25% of dividend payers in the US market (3.54%)


Stability and Growth of Payments

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

Growing Dividend: PSX's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: PSX is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: PSX's dividends in 3 years are forecast to be covered by earnings (55.5% payout ratio).


Next Steps

Management

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

4.6yrs

Average management tenure


CEO

Greg Garland (64 yo)

9.17yrs

Tenure

US$24,989,374

Compensation

Mr. Greg C. Garland has been the Chairman and Chief Executive Officer at Phillips 66 Partners GP LLC, the General Partner at Phillips 66 Partners LP since March 2013. Mr. Garland has been the Chairman of t...


CEO Compensation Analysis

Compensation vs Market: Greg's total compensation ($USD24.99M) is above average for companies of similar size in the US market ($USD11.17M).

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


Leadership Team

Experienced Management: PSX's management team is considered experienced (4.6 years average tenure).


Board Members

Experienced Board: PSX's board of directors are considered experienced (4.8 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.


Top Shareholders

Company Information

Phillips 66's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Phillips 66
  • Ticker: PSX
  • Exchange: NYSE
  • Founded: 1875
  • Industry: Oil and Gas Refining and Marketing
  • Sector: Energy
  • Market Cap: US$32.153b
  • Shares outstanding: 437.87m
  • Website: https://www.phillips66.com

Number of Employees


Location

  • Phillips 66
  • 2331 CityWest Boulevard
  • Houston
  • Texas
  • 77042
  • United States

Listings


Biography

Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transpor...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/07/31 06:11
End of Day Share Price2021/07/30 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.