PBF LOGISTICS LP (PBFX)
US69318Q1040
We assign a fundamental rating of 5 out of 10 to PBFX. PBFX was compared to 214 industry peers in the Oil, Gas & Consumable Fuels industry. PBFX scores excellent on profitability, but there are some minor concerns on its financial health. PBFX is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
PBFX had positive earnings in the past year.
In the past year PBFX had a positive cash flow from operations.
PBFX had positive earnings in each of the past 5 years.
PBFX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 17.59%, PBFX is doing good in the industry, outperforming 74.89% of the companies in the same industry.
The Return On Equity of PBFX (50.07%) is better than 85.39% of its industry peers.
Looking at the Return On Invested Capital, with a value of 18.07%, PBFX is in the better half of the industry, outperforming 65.30% of the companies in the same industry.
PBFX had an Average Return On Invested Capital over the past 3 years of 17.43%. This is significantly below the industry average of 44.55%.
The 3 year average ROIC (17.43%) for PBFX is below the current ROIC(18.07%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.59% | ||
| ROE | 50.07% | ||
| ROIC | 18.07% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)17.43%
ROIC(5y)N/A
1.3 Margins
The Profit Margin of PBFX (42.22%) is better than 82.19% of its industry peers.
PBFX's Profit Margin has improved in the last couple of years.
PBFX has a Operating Margin of 52.58%. This is in the better half of the industry: PBFX outperforms 78.08% of its industry peers.
PBFX's Operating Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 52.58% | ||
| PM (TTM) | 42.22% | ||
| GM | N/A |
OM growth 3Y1.5%
OM growth 5Y-1.19%
PM growth 3Y13.76%
PM growth 5Y3.35%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
PBFX has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, PBFX has more shares outstanding
The debt/assets ratio for PBFX has been reduced compared to a year ago.
2.2 Solvency
There is no outstanding debt for PBFX. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 2.45 | ||
| Altman-Z | N/A |
ROIC/WACC2.28
WACC7.93%
2.3 Liquidity
PBFX has a Current Ratio of 0.17. This is a bad value and indicates that PBFX is not financially healthy enough and could expect problems in meeting its short term obligations.
PBFX's Current ratio of 0.17 is on the low side compared to the rest of the industry. PBFX is outperformed by 91.32% of its industry peers.
PBFX has a Quick Ratio of 0.17. This is a bad value and indicates that PBFX is not financially healthy enough and could expect problems in meeting its short term obligations.
PBFX has a worse Quick ratio (0.17) than 91.32% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.17 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.63% over the past year.
Measured over the past 5 years, PBFX shows a small growth in Earnings Per Share. The EPS has been growing by 2.52% on average per year.
PBFX shows a small growth in Revenue. In the last year, the Revenue has grown by 1.81%.
PBFX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.47% yearly.
EPS 1Y (TTM)9.63%
EPS 3Y11.59%
EPS 5Y2.52%
EPS growth Q2Q-5.17%
Revenue 1Y (TTM)1.81%
Revenue growth 3Y7.85%
Revenue growth 5Y13.47%
Revenue growth Q2Q0.81%
3.2 Future
PBFX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.38% yearly.
Based on estimates for the next years, PBFX will show a small growth in Revenue. The Revenue will grow by 0.20% on average per year.
EPS Next Y3.28%
EPS Next 2Y2.25%
EPS Next 3Y4.51%
EPS Next 5Y4.38%
Revenue Next Year5.1%
Revenue Next 2Y3.34%
Revenue Next 3Y1.33%
Revenue Next 5Y0.2%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 8.33, the valuation of PBFX can be described as reasonable.
PBFX's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 28.28. PBFX is valued rather cheaply when compared to this.
Based on the Price/Forward Earnings ratio of 7.96, the valuation of PBFX can be described as very cheap.
PBFX's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.88, PBFX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.33 | ||
| Fwd PE | 7.96 |
4.2 Price Multiples
PBFX's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, PBFX is valued a bit cheaper than 68.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.84 | ||
| EV/EBITDA | 5.3 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of PBFX may justify a higher PE ratio.
PEG (NY)2.54
PEG (5Y)3.3
EPS Next 2Y2.25%
EPS Next 3Y4.51%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.58%, PBFX is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.78, PBFX pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.41, PBFX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.58% |
5.2 History
The dividend of PBFX decreases each year by -15.23%.
PBFX has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)-15.23%
Div Incr YearsN/A
Div Non Decr YearsN/A
5.3 Sustainability
PBFX pays out 49.24% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP49.24%
EPS Next 2Y2.25%
EPS Next 3Y4.51%
PBF LOGISTICS LP
NYSE:PBFX (11/30/2022, 7:04:00 PM)
After market: 19.95 +0.05 (+0.25%)19.9
-0.49 (-2.4%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.25B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.58% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.33 | ||
| Fwd PE | 7.96 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)2.54
PEG (5Y)3.3
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.59% | ||
| ROE | 50.07% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 52.58% | ||
| PM (TTM) | 42.22% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.17 | ||
| Quick Ratio | 0.17 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)9.63%
EPS 3Y11.59%
EPS 5Y
EPS growth Q2Q
EPS Next Y3.28%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)1.81%
Revenue growth 3Y7.85%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y