PHILLIPS 66 PARTNERS LP (PSXP)
Taking everything into account, PSXP scores 3 out of 10 in our fundamental rating. PSXP was compared to 213 industry peers in the Oil, Gas & Consumable Fuels industry. PSXP may be in some trouble as it scores bad on both profitability and health. PSXP is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
PSXP had positive earnings in the past year.
Each year in the past 5 years PSXP has been profitable.
Each year in the past 5 years PSXP had a positive operating cash flow.
1.2 Ratios
| Industry Rank | Sector 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
1.3 Margins
PSXP does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.
| Industry Rank | Sector 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
2. Health
2.1 Basic Checks
Compared to 1 year ago, PSXP has about the same amount of shares outstanding.
PSXP has a worse debt/assets ratio than last year.
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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.3 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
PSXP has a Current Ratio of 0.34. This is a bad value and indicates that PSXP is not financially healthy enough and could expect problems in meeting its short term obligations.
PSXP has a Quick Ratio of 0.34. This is a bad value and indicates that PSXP is not financially healthy enough and could expect problems in meeting its short term obligations.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.31 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.22% over the past year.
The Earnings Per Share has been growing by 12.69% on average over the past years. This is quite good.
The Revenue has grown by 11.34% in the past year. This is quite good.
PSXP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.83% yearly.
EPS 1Y (TTM)9.22%
EPS 3Y-0.48%
EPS 5Y12.69%
EPS growth Q2Q52.56%
Revenue 1Y (TTM)11.34%
Revenue growth 3Y3.45%
Revenue growth 5Y8.83%
Revenue growth Q2Q26.69%
3.2 Future
PSXP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.93% yearly.
Based on estimates for the next years, PSXP will show a small growth in Revenue. The Revenue will grow by 4.45% on average per year.
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.
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 10.66, the valuation of PSXP can be described as reasonable.
PSXP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.67.
With a Price/Forward Earnings ratio of 9.30, the valuation of PSXP can be described as very reasonable.
The average S&P500 Price/Forward Earnings ratio is at 20.15. PSXP is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.66 | ||
| Fwd PE | 9.3 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 20.25 |
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%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.33%, PSXP is a good candidate for dividend investing.
Compared to an average S&P500 Dividend Yield of 2.32, PSXP pays a better dividend.
| Industry Rank | Sector 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
5.3 Sustainability
PSXP pays out 115.24% of its income as dividend. 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%
PHILLIPS 66 PARTNERS LP
NYSE:PSXP (3/8/2022, 7:22:17 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)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap9.59B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.33% |
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 | 10.66 | ||
| Fwd PE | 9.3 | ||
| 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)0.73
PEG (5Y)0.84
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.35% | ||
| ROE | 27.63% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | 63.42% | ||
| 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 Turnover0.16
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.3 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.31 | ||
| 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)9.22%
EPS 3Y-0.48%
EPS 5Y
EPS growth Q2Q
EPS Next Y14.6%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)11.34%
Revenue growth 3Y3.45%
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