PBF Energy Inc. Class A
Find Ratings ReportsPBF ENERGY INC's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly decreased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector. PBF ENERGY INC has weak liquidity. Currently, the Quick Ratio is 0.75 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
At the same time, stockholders' equity ("net worth") has greatly increased by 31.62% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 9138.7 | 10846.3 |
EBITDA ($mil) | 114.4 | 1012.4 |
EBIT ($mil) | -24.9 | 873.6 |
Net Income ($mil) | -48.4 | 637.8 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 1783.5 | 2203.6 |
Total Assets ($mil) | 14387.8 | 13549.1 |
Total Debt ($mil) | 2044.2 | 2641.9 |
Equity ($mil) | 6488.3 | 4929.2 |
Profitability | Q4 FY23 | Q4 FY22 |
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Gross Profit Margin | 2.41 | 10.2 |
EBITDA Margin | 1.25 | 9.33 |
Operating Margin | -0.27 | 8.05 |
Sales Turnover | 2.66 | 3.46 |
Return on Assets | 14.87 | 21.23 |
Return on Equity | 32.99 | 58.36 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.56 | 1.26 |
Debt/Capital | 0.24 | 0.35 |
Interest Expense | 8.6 | 29.4 |
Interest Coverage | -2.9 | 29.71 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 120.44 | 129.64 |
Div / share | 0.25 | 0.2 |
EPS | -0.4 | 4.86 |
Book value / share | 53.87 | 38.02 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 2355922.0 | 2214372.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 10.01 for the Petroleum and Coal Products Manufacturing subsector and a significant discount compared to the S&P 500 average of 27.95. Conducting a second comparison, its price-to-book ratio of 1.02 indicates a significant discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 1.64. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, PBF ENERGY INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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PBF 3.32 | Peers 10.01 | PBF 4.92 | Peers 5.47 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. PBF is trading at a significant discount to its peers. |
Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. PBF is trading at a valuation on par to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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PBF 9.63 | Peers 8.27 | PBF NM | Peers 0.43 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. PBF is trading at a valuation on par with its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. PBF's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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PBF 1.02 | Peers 1.64 | PBF -27.63 | Peers 15.45 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. PBF is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, PBF is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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PBF 0.17 | Peers 0.92 | PBF -18.17 | Peers -15.88 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. PBF is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. PBF significantly trails its peers on the basis of sales growth. |
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