PHILLIPS 66 PARTNERS LP (PSXP) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:PSXP

42.01
+0.78 (+1.89%)
At close: Mar 8, 2022
42.14
+0.13 (+0.31%)
After Hours: 3/8/2022, 8:22:17 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

2

Taking everything into account, PSXP scores 2 out of 10 in our fundamental rating. PSXP was compared to 206 industry peers in the Oil, Gas & Consumable Fuels industry. PSXP has a bad profitability rating. Also its financial health evaluation is rather negative. PSXP has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

0

1. Profitability

1.1 Basic Checks

  • PSXP had positive earnings in the past year.
PSXP Yearly Net Income VS EBIT VS OCF VS FCFPSXP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 0 200M 400M 600M 800M 1B

1.2 Ratios

Industry RankSector Rank
ROA 10.35%
ROE 27.63%
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
PSXP Yearly ROA, ROE, ROICPSXP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 10 20 30

1.3 Margins

  • The Operating Margin and Gross Margin are not available for PSXP so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) 63.42%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
PSXP Yearly Profit, Operating, Gross MarginsPSXP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

0

2. Health

2.1 Basic Checks

  • PSXP has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 1 year ago, PSXP has a worse debt to assets ratio.
PSXP Yearly Shares OutstandingPSXP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 50M 100M 150M 200M
PSXP Yearly Total Debt VS Total AssetsPSXP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2B 4B 6B

2.2 Solvency

  • A Debt/Equity ratio of 1.30 is on the high side and indicates that PSXP has dependencies on debt financing.
Industry RankSector Rank
Debt/Equity 1.3
Debt/FCF N/A
Altman-Z N/A
ROIC/WACCN/A
WACCN/A
PSXP Yearly LT Debt VS Equity VS FCFPSXP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 0 1B 2B 3B

2.3 Liquidity

  • A Current Ratio of 0.34 indicates that PSXP may have some problems paying its short term obligations.
  • A Quick Ratio of 0.31 indicates that PSXP may have some problems paying its short term obligations.
Industry RankSector Rank
Current Ratio 0.34
Quick Ratio 0.31
PSXP Yearly Current Assets VS Current LiabilitesPSXP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 9.22% over the past year.
  • PSXP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.69% yearly.
  • Looking at the last year, PSXP shows a quite strong growth in Revenue. The Revenue has grown by 11.34% in the last year.
  • The Revenue has been growing by 8.83% on average over the past years. This is quite good.
EPS 1Y (TTM)9.22%
EPS 3Y-0.48%
EPS 5Y12.69%
EPS Q2Q%52.56%
Revenue 1Y (TTM)11.34%
Revenue growth 3Y3.45%
Revenue growth 5Y8.83%
Sales Q2Q%26.69%

3.2 Future

  • The Earnings Per Share is expected to grow by 8.93% on average over the next years. This is quite good.
  • PSXP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.45% yearly.
EPS Next Y14.6%
EPS Next 2Y8.61%
EPS Next 3Y10.18%
EPS Next 5Y8.93%
Revenue Next Year7.88%
Revenue Next 2Y4.95%
Revenue Next 3Y4.27%
Revenue Next 5Y4.45%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
PSXP Yearly Revenue VS EstimatesPSXP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B
PSXP Yearly EPS VS EstimatesPSXP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

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Find the best growth stocksShow best growing peers

4

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 10.66, which indicates a very decent valuation of PSXP.
  • PSXP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.06.
  • Based on the Price/Forward Earnings ratio of 9.30, the valuation of PSXP can be described as reasonable.
  • PSXP is valuated cheaply when we compare the Price/Forward Earnings ratio to 27.86, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.66
Fwd PE 9.3
PSXP Price Earnings VS Forward Price EarningsPSXP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA 20.25
PSXP Per share dataPSXP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • PSXP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.73
PEG (5Y)0.84
EPS Next 2Y8.61%
EPS Next 3Y10.18%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. Dividend

5.1 Amount

  • PSXP has a Yearly Dividend Yield of 8.33%, which is a nice return.
  • PSXP's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 8.33%

5.2 History

  • On average, the dividend of PSXP grows each year by 6.03%, which is quite nice.
  • PSXP has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)6.03%
Div Incr YearsN/A
Div Non Decr YearsN/A
PSXP Yearly Dividends per sharePSXP Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 1 2 3

5.3 Sustainability

  • 115.24% of the earnings are spent on dividend by PSXP. This is not a sustainable payout ratio.
  • The dividend of PSXP is growing, but earnings are growing more, so the dividend growth is sustainable.
DP115.24%
EPS Next 2Y8.61%
EPS Next 3Y10.18%
PSXP Yearly Income VS Free CF VS DividendPSXP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 0 200M 400M 600M 800M
PSXP Dividend Payout.PSXP Dividend Payout, showing the Payout Ratio.PSXP Dividend Payout.PayoutRetained Earnings

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PHILLIPS 66 PARTNERS LP

NYSE:PSXP (3/8/2022, 8:22:17 PM)

After market: 42.14 +0.13 (+0.31%)

42.01

+0.78 (+1.89%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-08
Earnings (Next)04-28
Inst Owners0.2%
Inst Owner Change0%
Ins Owners81.58%
Ins Owner Change0%
Market Cap9.59B
Revenue(TTM)1.16B
Net Income(TTM)735.00M
Analysts73.33
Price Target42.26 (0.6%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 8.33%
Yearly Dividend3.5
Dividend Growth(5Y)6.03%
DP115.24%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 10.66
Fwd PE 9.3
P/S 8.28
P/FCF N/A
P/OCF N/A
P/B 3.61
P/tB N/A
EV/EBITDA 20.25
EPS(TTM)3.94
EY9.38%
EPS(NY)4.52
Fwd EY10.76%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS5.08
BVpS11.65
TBVpSN/A
PEG (NY)0.73
PEG (5Y)0.84
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 10.35%
ROE 27.63%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) 63.42%
GM N/A
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y0%
ROICexgc growth 5Y0%
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score6
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 1.3
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.34
Quick Ratio 0.31
Altman-Z N/A
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)9.22%
EPS 3Y-0.48%
EPS 5Y12.69%
EPS Q2Q%52.56%
EPS Next Y14.6%
EPS Next 2Y8.61%
EPS Next 3Y10.18%
EPS Next 5Y8.93%
Revenue 1Y (TTM)11.34%
Revenue growth 3Y3.45%
Revenue growth 5Y8.83%
Sales Q2Q%26.69%
Revenue Next Year7.88%
Revenue Next 2Y4.95%
Revenue Next 3Y4.27%
Revenue Next 5Y4.45%
EBIT growth 1YN/A
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1YN/A
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1YN/A
OCF growth 3YN/A
OCF growth 5YN/A

PHILLIPS 66 PARTNERS LP / PSXP FAQ

What is the fundamental rating for PSXP stock?

ChartMill assigns a fundamental rating of 4 / 10 to PSXP.


What is the valuation status of PHILLIPS 66 PARTNERS LP (PSXP) stock?

ChartMill assigns a valuation rating of 5 / 10 to PHILLIPS 66 PARTNERS LP (PSXP). This can be considered as Fairly Valued.


How profitable is PHILLIPS 66 PARTNERS LP (PSXP) stock?

PHILLIPS 66 PARTNERS LP (PSXP) has a profitability rating of 6 / 10.


Can you provide the financial health for PSXP stock?

The financial health rating of PHILLIPS 66 PARTNERS LP (PSXP) is 1 / 10.


Can you provide the dividend sustainability for PSXP stock?

The dividend rating of PHILLIPS 66 PARTNERS LP (PSXP) is 8 / 10 and the dividend payout ratio is 115.24%.