PBF Energy logged a 3.0% change during today's morning session, and is now trading at a price of $14.51 per share.
PBF Energy returned gains of 19.6% last year, with its stock price reaching a high of $16.32 and a low of $8.88. Over the same period, the stock outperformed the S&P 500 index by 8.0%. More recently, the company's 50-day average price was $12.12. Petróleo Brasileiro S.A. - Petrobras explores, produces, and sells oil and gas in Brazil and internationally. Based in Rio De Janeiro, Brazil, the large-cap Energy company has 45,149 full time employees. PBF Energy has offered a 80.0% dividend yield over the last 12 months.
Overview of the Company's Finances:
| 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | |
|---|---|---|---|---|
| Revenue (MM) | $76,589 | $53,683 | $83,966 | $124,474 |
| Gross Margins | 40.3% | 45.6% | 48.6% | 52.2% |
| Operating Margins | 26.1% | 30.8% | 38.6% | 44.6% |
| Net Margins | 13.25% | 2.13% | 23.67% | 29.42% |
| Net Income (MM) | $10,151 | $1,141 | $19,875 | $36,623 |
| Net Interest Expense (MM) | -6,314 | -5,655 | -4,644 | -2,827 |
| Net Interest Expense (MM) | -$6,314 | -$5,655 | -$4,644 | -$2,827 |
| Depreciation & Amort. (MM) | -$14,836 | -$11,445 | -$11,695 | -$13,218 |
| Earnings Per Share | $1.56 | $0.18 | $3.04 | $5.2 |
| EPS Growth | n/a | -88.46% | 1588.89% | 71.05% |
| Diluted Shares (MM) | 6,522 | 6,522 | 6,522 | 6,522 |
| Free Cash Flow (MM) | $1,703 | $23,016 | $31,466 | $40,136 |
| Capital Expenditures (MM) | -$23,897 | -$5,874 | -$6,325 | -$9,581 |
| Net Current Assets (MM) | -$127,713 | -$102,746 | -$74,387 | -$86,105 |
| Current Ratio | 0.97 | 1.04 | 1.25 | 1.0 |
| Long Term Debt (MM) | $58,791 | $49,702 | $32,059 | $26,378 |
| Net Debt / EBITDA | 1.74 | 2.81 | 0.69 | 0.4 |
PBF Energy benefits from exceptional EPS growth, a pattern of improving cash flows, and low leverage. The company's financial statements show growing revenues and decreasing reinvestment in the business and average operating margins with a positive growth rate. However, the firm has slimmer gross margins than its peers.
PBF Energy Is Potentially Undervalued and Trades Below Its Graham Number:
PBF Energy has a trailing twelve month P/E ratio of 2.3, compared to an average of 7.54 for the Energy sector. Based on its EPS guidance of $2.95, the company has a forward P/E ratio of 4.1. According to the 13.6% compound average growth rate of PBF Energy's historical and projected earnings per share, the company's PEG ratio is 0.17. Taking the weighted average of the company's EPS CAGR and the broader market's 5-year projected EPS growth rate, we obtain a normalized growth rate of 9.4%. On this basis, the company's PEG ratio is 0.25. This suggests that its shares are undervalued. Additionally, the market is possibly undervaluing PBF Energy in terms of its equity because its P/B ratio is 0.24 whereas the sector average is 1.68. The company's shares are currently trading -75.4% below their Graham number.
There's an Analyst Consensus of Some Upside Potential for PBF Energy:
The 11 analysts following PBF Energy have set target prices ranging from $8.48 to $19.0 per share, for an average of $14.68 with a buy rating. As of April 2023, the company is trading -17.4% away from its average target price, indicating that there is an analyst consensus of some upside potential.
The largest shareholder is GQG Partners LLC, whose 6% stake in the company is worth $3,067,275,329.
