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PBF Logistics

DB:11P
Snowflake Description

Undervalued with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
11P
DB
$378M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

PBF Logistics LP owns, leases, acquires, develops, and operates crude oil and refined petroleum products terminals, pipelines, storage facilities, and other logistics assets in the United States. The last earnings update was 48 days ago. More info.


Add to Portfolio Compare Print
  • PBF Logistics is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • PBF Logistics has significant price volatility in the past 3 months.
11P Share Price and Events
7 Day Returns
-0.5%
DB:11P
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-69.3%
DB:11P
28.1%
DE Oil and Gas
-16.6%
DE Market
11P Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PBF Logistics (11P) -0.5% -58.7% -69.4% -69.3% -71.8% -73.7%
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • 11P underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • 11P underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
11P
Industry
5yr Volatility vs Market

11P Value

 Is PBF Logistics undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of PBF Logistics to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for PBF Logistics.

DB:11P Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:11P
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.95
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.948 (1 + (1- 21%) (211.99%))
2.029
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:11P using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PBF Logistics is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:11P DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 150.58 Analyst x2 136.28
2021 148.61 Analyst x2 121.73
2022 154.30 Analyst x1 114.39
2023 153.20 Analyst x1 102.79
2024 157.50 Analyst x1 95.65
2025 159.15 Est @ 1.05% 87.47
2026 160.14 Est @ 0.62% 79.66
2027 160.64 Est @ 0.32% 72.32
2028 160.81 Est @ 0.1% 65.53
2029 160.74 Est @ -0.04% 59.28
Present value of next 10 years cash flows $935.00
DB:11P DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $160.74 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$1,471.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,471.63 ÷ (1 + 10.49%)10
$542.71
DB:11P Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $935.00 + $542.71
$1,477.71
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,477.71 / 62.13
$23.78
DB:11P Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:11P represents 0.92594x of NYSE:PBFX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92594x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 23.78 x 0.92594
€22.02
Value per share (EUR) From above. €22.02
Current discount Discount to share price of €5.64
= -1 x (€5.64 - €22.02) / €22.02
74.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price PBF Logistics is available for.
Intrinsic value
>50%
Share price is €5.64 vs Future cash flow value of €22.02
Current Discount Checks
For PBF Logistics to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • PBF Logistics's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • PBF Logistics's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for PBF Logistics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PBF Logistics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:11P PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.71
NYSE:PBFX Share Price ** NYSE (2020-04-07) in USD $6.09
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of PBF Logistics.

DB:11P PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:PBFX Share Price ÷ EPS (both in USD)

= 6.09 ÷ 1.71

3.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PBF Logistics is good value based on earnings compared to the Europe Oil and Gas industry average.
  • PBF Logistics is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does PBF Logistics's expected growth come at a high price?
Raw Data
DB:11P PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
4%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:11P PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.56x ÷ 4%

0.9x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PBF Logistics is good value based on expected growth next year.
Price based on value of assets
What value do investors place on PBF Logistics's assets?
Raw Data
DB:11P PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $1.69
NYSE:PBFX Share Price * NYSE (2020-04-07) in USD $6.09
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:11P PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:PBFX Share Price ÷ Book Value per Share (both in USD)

= 6.09 ÷ 1.69

3.6x

* Primary Listing of PBF Logistics.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PBF Logistics is overvalued based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess PBF Logistics's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. PBF Logistics has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

11P Future Performance

 How is PBF Logistics expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PBF Logistics expected to grow at an attractive rate?
  • PBF Logistics's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • PBF Logistics's earnings growth is positive but not above the Germany market average.
  • PBF Logistics's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:11P Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:11P Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 4%
DB:11P Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 2.6%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:11P Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:11P Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 357 191 102 2
2021-12-31 383 179 128 4
2020-12-31 373 176 117 4
2020-04-08
DB:11P Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 340 149 100
2019-09-30 328 111 92
2019-06-30 312 124 80
2019-03-31 298 128 75
2018-12-31 283 133 75
2018-09-30 271 138 75
2018-06-30 266 113 82
2018-03-31 262 127 87
2017-12-31 258 138 91
2017-09-30 252 149 94
2017-06-30 234 147 87
2017-03-31 211 127 82

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PBF Logistics's earnings are expected to grow by 4% yearly, however this is not considered high growth (20% yearly).
  • PBF Logistics's revenue is expected to grow by 2.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:11P Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from PBF Logistics Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:11P Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 2.18 2.18 2.18 1.00
2023-12-31 2.11 2.11 2.11 1.00
2022-12-31 1.95 2.28 1.62 2.00
2021-12-31 2.08 2.17 1.95 3.00
2020-12-31 1.96 2.13 1.71 3.00
2020-04-08
DB:11P Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.71
2019-09-30 1.70
2019-06-30 1.60
2019-03-31 1.64
2018-12-31 1.73
2018-09-30 1.51
2018-06-30 1.69
2018-03-31 2.06
2017-12-31 2.17
2017-09-30 2.65
2017-06-30 2.52
2017-03-31 2.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • PBF Logistics is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess PBF Logistics's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
PBF Logistics has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

11P Past Performance

  How has PBF Logistics performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare PBF Logistics's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • PBF Logistics's year on year earnings growth rate has been positive over the past 5 years.
  • PBF Logistics's 1-year earnings growth exceeds its 5-year average (32.9% vs 4.9%)
  • PBF Logistics's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (32.9% vs -0.6%).
Earnings and Revenue History
PBF Logistics's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from PBF Logistics Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:11P Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 340.21 100.29 22.82
2019-09-30 328.02 92.29 21.81
2019-06-30 312.20 80.02 21.39
2019-03-31 297.55 74.53 20.56
2018-12-31 283.44 75.45 18.48
2018-09-30 270.61 74.59 16.86
2018-06-30 266.25 82.21 16.47
2018-03-31 261.85 86.74 16.24
2017-12-31 257.59 91.38 15.75
2017-09-30 252.07 93.95 15.85
2017-06-30 234.31 87.35 15.46
2017-03-31 211.26 81.51 14.34
2016-12-31 189.01 76.93 13.45
2016-09-30 162.95 69.46 13.80
2016-06-30 151.60 69.99 13.70
2016-03-31 145.81 75.26 12.42
2015-12-31 142.10 73.85 13.07
2015-09-30 134.79 106.77 11.77
2015-06-30 114.77 87.41 11.49
2015-03-31 90.07 57.74 9.37
2014-12-31 59.40 42.09 7.10
2014-09-30 29.41 -19.83 5.21
2014-06-30 12.35 -22.92 2.96
2014-03-31 2.18 -16.20 0.89
2013-12-31 8.51 -14.40 2.45

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst PBF Logistics made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • PBF Logistics used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • PBF Logistics has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PBF Logistics's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
PBF Logistics has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

11P Health

 How is PBF Logistics's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up PBF Logistics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PBF Logistics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PBF Logistics's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of PBF Logistics's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from PBF Logistics Company Filings, last reported 3 months ago.

DB:11P Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 105.08 802.10 34.97
2019-09-30 107.14 801.66 52.58
2019-06-30 106.99 769.22 20.00
2019-03-31 181.68 677.77 16.45
2018-12-31 193.19 673.32 19.91
2018-09-30 195.19 567.15 18.02
2018-06-30 150.74 603.58 19.68
2018-03-31 154.82 539.46 22.01
2017-12-31 167.76 548.79 19.66
2017-09-30 156.83 544.74 39.42
2017-06-30 150.53 544.40 51.05
2017-03-31 151.45 544.03 80.88
2016-12-31 152.57 571.68 104.25
2016-09-30 137.75 571.26 104.26
2016-06-30 -128.01 570.84 186.03
2016-03-31 -180.66 600.06 29.26
2015-12-31 -185.68 599.64 18.68
2015-09-30 -191.49 608.70 18.24
2015-06-30 -199.94 608.70 6.66
2015-03-31 -112.00 510.00 20.18
2014-12-31 -104.58 507.85 14.17
2014-09-30 -47.27 405.00 12.09
2014-06-30 43.80 300.00 4.17
2014-03-31 30.50 0.00
2013-12-31 82.40 0.00
  • PBF Logistics's level of debt (763.3%) compared to net worth is high (greater than 40%).
  • PBF Logistics had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is not well covered by operating cash flow (18.6%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).
X
Financial health checks
We assess PBF Logistics's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. PBF Logistics has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

11P Dividends

 What is PBF Logistics's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
34.15%
Current annual income from PBF Logistics dividends. Estimated to be 34.27% next year.
If you bought €2,000 of PBF Logistics shares you are expected to receive €683 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • PBF Logistics's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.67%).
  • PBF Logistics's dividend is above the markets top 25% of dividend payers in Germany (4.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:11P Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:11P Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 2.08 2.00
2023-12-31 2.08 2.00
2022-12-31 2.08 5.00
2021-12-31 2.10 6.00
2020-12-31 2.09 6.00
2020-04-08
DB:11P Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-13 2.080 25.649
2019-10-31 2.080 9.942
2019-08-01 2.060 9.886
2019-05-01 2.040 9.830
2019-02-21 2.020 9.431
2018-10-31 2.000 9.458
2018-08-02 1.980 9.067
2018-05-03 1.960 9.463
2018-02-15 1.940 9.877
2017-11-02 1.920 9.433
2017-08-03 1.880 9.015
2017-05-04 1.840 9.313
2017-02-24 1.800 8.532
2017-02-16 1.800 8.327
2016-10-28 1.760 9.325
2016-08-04 1.720 8.461
2016-07-29 1.720 7.792
2016-05-05 1.680 7.694
2016-04-28 1.680 7.983
2016-02-22 1.640 8.734
2016-02-11 1.640 9.717
2015-10-29 1.560 8.034
2015-08-06 1.480 7.412
2015-07-30 1.480 6.590
2015-05-01 1.400 6.004
2015-04-30 1.400 5.764
2015-02-26 1.320 5.677
2015-02-12 1.320 5.439
2014-10-30 1.200 5.447
2014-08-01 1.200 4.816

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, PBF Logistics has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but PBF Logistics only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of PBF Logistics's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (1x coverage).
X
Income/ dividend checks
We assess PBF Logistics's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can PBF Logistics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PBF Logistics has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

11P Management

 What is the CEO of PBF Logistics's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tom Nimbley
COMPENSATION $428,000
AGE 68
TENURE AS CEO 7.3 years
CEO Bio

Mr. Thomas J. Nimbley, also known as Tom, serves as the Chief Executive Officer at Paulsboro Refining Company LLC. Mr. Nimbley has been the Chief Executive Officer of PBF Logistics GP LLC and Director of General Partner at PBF Logistics LP since 2013. Mr. Nimbley has been the Chief Executive Officer of PBF Holding Company LLC since June 2010. He has been the Chief Executive Officer of Paulsboro Natural Gas Pipeline Co. LLC since June 2010. He serves as the Chief Executive Officer and Chief Financial Officer of PBF Finance Corporation. He serves as the Chairman and Chief Executive Officer of PBF Services Co LLC; PBF Investments LLC; PBF Power Marketing LLC; Toledo Refining Company LLC; and Delaware Pipeline Co LLC. He has been the Chief Executive Officer of PBF Energy Company LLC since June 2010. Mr. Nimbley has been the Chief Executive Officer of PBF Energy Inc. since June 2010. He served as the Chief Executive Officer and Chairman of Delaware City Refining Company LLC. He served as a Principal for Nimbley Consultants LLC from June 2005 to March 2010, where he provided consulting services and assisted on the acquisition of two refineries. He served as Senior Vice President and Head of Refining at ConocoPhillips. He served as an Executive Vice President and Chief Operating Officer of PBF Energy Inc., from March 2010 to June 2010. Previously, he served as a Senior Vice President and Head of Refining at Phillips Corporation and Phillips Petroleum Company. He served as Senior Vice President and Head of Refining at ConocoPhillips domestic refining system (13 locations) following the merger of Phillips and Conoco from September 2001 to March 2005. Mr. Nimbley joined the Tosco Corporation as its Vice President and Refinery Manager since April 1993. He has been an Executive Chairman of PBF Energy Inc., PBF Energy Company LLC and PBF Logistics LP since June 30, 2016. He serves as the Chairman of the Board of Directors at Paulsboro Refining Company LLC. Mr. Nimbley served as the Chairman of PBF Finance Corporation since July 2016 and its Director since October 2012. He served as Chairman of PBF Holding Company LLC. He has been a Director of PBF Energy Inc. and PBF Energy Company LLC since October 29, 2014. He serves as a Director of Paulsboro Refining Company LLC. He has been a Director of PBF Holding Company LLC since October 2012. He serves as a Director of PBF Finance Corporation.

CEO Compensation
  • Tom's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Tom's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the PBF Logistics management team in years:

5.5
Average Tenure
57
Average Age
  • The average tenure for the PBF Logistics management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tom Nimbley

TITLE
Chairman & CEO of PBF Logistics GP
COMPENSATION
$428K
AGE
68
TENURE
7.3 yrs

Matt Lucey

TITLE
Executive VP & Director of PBF Logistics GP
COMPENSATION
$321K
AGE
46
TENURE
5.3 yrs

C. Young

TITLE
Senior VP
COMPENSATION
$268K
AGE
42
TENURE
6 yrs

Trecia Canty

TITLE
Senior VP
COMPENSATION
$268K
AGE
49
TENURE
5.5 yrs

Timothy Davis

TITLE
Assistant Secretary of PBF Logistics GP
COMPENSATION
$268K
AGE
57

John Barone

TITLE
Chief Accounting Officer of PBF Logistics GP LLC
AGE
61

Colin Murray

TITLE
Head of Investor Relations

Tom O'Connor

TITLE
Senior Vice President - Commercial of PBF Logistics GP
AGE
46

Herman Seedorf

TITLE
Senior Vice President
AGE
67

Jeffrey Dill

TITLE
Assistant Secretary of PBF Logistics GP LLC & President of Western Region - PBF Logistics GP LLC
COMPENSATION
$248K
AGE
58
TENURE
4.6 yrs
Board of Directors Tenure

Average tenure and age of the PBF Logistics board of directors in years:

5.9
Average Tenure
64
Average Age
  • The tenure for the PBF Logistics board of directors is about average.
Board of Directors

Tom Nimbley

TITLE
Chairman & CEO of PBF Logistics GP
COMPENSATION
$428K
AGE
68
TENURE
3.8 yrs

Matt Lucey

TITLE
Executive VP & Director of PBF Logistics GP
COMPENSATION
$321K
AGE
46
TENURE
7.3 yrs

C. Young

TITLE
Senior VP
COMPENSATION
$268K
AGE
42
TENURE
3.5 yrs

Dave Roush

TITLE
Independent Director of PBF Logistics GP
COMPENSATION
$163K
AGE
65
TENURE
5.9 yrs

Mike Gayda

TITLE
Director of PBF Logistics GP
COMPENSATION
$124K
AGE
64
TENURE
7.3 yrs

Bruce Jones

TITLE
Independent Director of PBF Logistics GP
COMPENSATION
$155K
AGE
65
TENURE
5.9 yrs

Larry Ziemba

TITLE
Independent Director of PBF Logistics GP LLC
AGE
63
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by PBF Logistics individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
02. Apr 20 Buy Inversora Carso, S.A. de C.V. Company 31. Mar 20 31. Mar 20 43,500 €5.16 €224,261
30. Mar 20 Buy Inversora Carso, S.A. de C.V. Company 26. Mar 20 26. Mar 20 50,000 €4.84 €242,049
26. Mar 20 Buy Inversora Carso, S.A. de C.V. Company 24. Mar 20 25. Mar 20 641,706 €4.32 €2,718,610
23. Mar 20 Buy Bruce Jones Individual 20. Mar 20 20. Mar 20 1,800 €4.69 €8,446
04. Dec 19 Buy Bruce Jones Individual 02. Dec 19 02. Dec 19 590 €18.33 €10,816
05. Sep 19 Buy Bruce Jones Individual 04. Sep 19 04. Sep 19 450 €18.82 €8,469
20. Aug 19 Buy Karen Davis Individual 16. Aug 19 19. Aug 19 5,000 €17.89 €89,186
X
Management checks
We assess PBF Logistics's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. PBF Logistics has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

11P News

Simply Wall St News

11P Company Info

Description

PBF Logistics LP owns, leases, acquires, develops, and operates crude oil and refined petroleum products terminals, pipelines, storage facilities, and other logistics assets in the United States. It operates in two segments, Transportation and Terminaling; and Storage. The company’s assets include Delaware City Refining Company LLC (DCR) rail terminal, a double loop track with ancillary pumping and unloading equipment; the Toledo Truck Terminal, a crude truck unloading terminal; the DCR West Rack, a heavy crude oil rail unloading facility at the Delaware city refinery; the Toledo storage facility, which includes a propane storage and loading facility; the DCR products pipeline, an interstate petroleum products pipeline; the DCR Truck Rack, a truck loading rack; the San Joaquin Valley pipeline system and Paulsboro natural gas pipeline; and Knoxville Terminals, which consists of two refined product terminals located in Knoxville, Tennessee. It engages in the receiving, handling, storage, and transferring of crude oil, refined products, natural gas, and intermediates. PBF Logistics GP LLC serves as the general partner of PBF Logistics LP. The company was founded in 2012 and is headquartered in Parsippany, New Jersey. PBF Logistics LP is a subsidiary of PBF Energy Inc.

Details
Name: PBF Logistics LP
11P
Exchange: DB
Founded: 2012
$347,421,968
62,130,192
Website: http://www.pbflogistics.com
Address: PBF Logistics LP
One Sylvan Way,
Second Floor,
Parsippany,
New Jersey, 07054,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE PBFX Common Units New York Stock Exchange US USD 09. May 2014
DB 11P Common Units Deutsche Boerse AG DE EUR 09. May 2014
Number of employees
Current staff
Staff numbers
92
PBF Logistics employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 01:17
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/27
Last earnings filing: 2020/02/20
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.