Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Par Pacific Holdings

DB:61P
Snowflake Description

Good value with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
61P
DB
$363M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Par Pacific Holdings, Inc. owns, manages, and maintains interests in energy and infrastructure businesses. The last earnings update was 37 days ago. More info.


Add to Portfolio Compare Print
  • Par Pacific Holdings has significant price volatility in the past 3 months.
61P Share Price and Events
7 Day Returns
-0.8%
DB:61P
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-61.5%
DB:61P
28.1%
DE Oil and Gas
-16.6%
DE Market
61P Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Par Pacific Holdings (61P) -0.8% -47.8% -68.8% -61.5% -61.6% -
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
  • 61P underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • 61P underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
61P
Industry
5yr Volatility vs Market

61P Value

 Is Par Pacific Holdings 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 Par Pacific Holdings 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 Par Pacific Holdings.

DB:61P Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 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:61P
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%) (287.23%))
2.406
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:61P using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Par Pacific Holdings 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:61P DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 27.25 Est @ 1.19% 24.66
2021 134.51 Analyst x2 110.18
2022 135.47 Est @ 0.72% 100.43
2023 135.99 Est @ 0.38% 91.25
2024 136.20 Est @ 0.15% 82.71
2025 136.19 Est @ -0.01% 74.85
2026 136.02 Est @ -0.12% 67.66
2027 135.74 Est @ -0.2% 61.11
2028 135.39 Est @ -0.26% 55.17
2029 134.98 Est @ -0.3% 49.78
Present value of next 10 years cash flows $717.00
DB:61P DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $134.98 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$1,235.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,235.80 ÷ (1 + 10.49%)10
$455.74
DB:61P Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $717.00 + $455.74
$1,172.74
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,172.74 / 53.60
$21.88
DB:61P Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:61P represents 0.89365x of NYSE:PARR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89365x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 21.88 x 0.89365
€19.55
Value per share (EUR) From above. €19.55
Current discount Discount to share price of €6.05
= -1 x (€6.05 - €19.55) / €19.55
69.1%

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

Current Discount
Amount off the current price Par Pacific Holdings is available for.
Intrinsic value
>50%
Share price is €6.05 vs Future cash flow value of €19.55
Current Discount Checks
For Par Pacific Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Par Pacific Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Par Pacific Holdings'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 Par Pacific Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Par Pacific Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:61P PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.80
NYSE:PARR Share Price ** NYSE (2020-04-07) in USD $6.77
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 Par Pacific Holdings.

DB:61P PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 6.77 ÷ 0.80

8.44x

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

  • Par Pacific Holdings is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Par Pacific Holdings is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Par Pacific Holdings's expected growth come at a high price?
Raw Data
DB:61P PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.44x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
Not available
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 .

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

  • Unable to calculate PEG ratio for Par Pacific Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Par Pacific Holdings's assets?
Raw Data
DB:61P PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $12.17
NYSE:PARR Share Price * NYSE (2020-04-07) in USD $6.77
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:61P PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 6.77 ÷ 12.17

0.56x

* Primary Listing of Par Pacific Holdings.

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

  • Par Pacific Holdings is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Par Pacific Holdings'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. Par Pacific Holdings has a total score of 4/6, 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.

61P Future Performance

 How is Par Pacific Holdings expected to perform in the next 1 to 3 years based on estimates from 3 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
-3.9%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Par Pacific Holdings expected to grow at an attractive rate?
  • Unable to compare Par Pacific Holdings's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Par Pacific Holdings's earnings growth to the Germany market average as no estimate data is available.
  • Par Pacific Holdings's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:61P Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:61P Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -3.9%
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:61P Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:61P Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 138
2021-12-31 5,026 174 2
2020-12-31 4,117 24 2
2020-04-08
DB:61P Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 5,402 106 40
2019-09-30 4,881 137 19
2019-06-30 4,390 84 96
2019-03-31 3,837 21 84
2018-12-31 3,411 91 39
2018-09-30 3,195 53 44
2018-06-30 2,895 76 68
2018-03-31 2,603 94 59
2017-12-31 2,443 106 72
2017-09-30 2,343 123 67
2017-06-30 2,243 67 20
2017-03-31 2,092 -11 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Par Pacific Holdings is high growth as no earnings estimate data is available.
  • Par Pacific Holdings's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:61P 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 3 Analyst Estimates (S&P Global) See Below

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

DB:61P Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-04-08
DB:61P Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.80
2019-09-30 0.39
2019-06-30 2.02
2019-03-31 1.81
2018-12-31 0.85
2018-09-30 0.96
2018-06-30 1.50
2018-03-31 1.30
2017-12-31 1.58
2017-09-30 1.46
2017-06-30 0.46
2017-03-31 0.01

*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.
  • Unable to establish if Par Pacific Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Par Pacific Holdings'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.
Par Pacific Holdings has a total score of 0/6, 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.

61P Past Performance

  How has Par Pacific Holdings 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 Par Pacific Holdings'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.
  • Par Pacific Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • Par Pacific Holdings's 1-year earnings growth is less than its 5-year average (3.9% vs 46.4%)
  • Par Pacific Holdings's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (3.9% vs -0.6%).
Earnings and Revenue History
Par Pacific Holdings'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 Par Pacific Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:61P 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 5,401.52 40.37 359.04
2019-09-30 4,881.49 19.00 333.78
2019-06-30 4,389.64 96.18 305.93
2019-03-31 3,836.62 84.28 285.68
2018-12-31 3,410.73 38.87 262.56
2018-09-30 3,194.68 43.99 254.62
2018-06-30 2,895.40 68.30 250.86
2018-03-31 2,603.25 59.25 248.65
2017-12-31 2,443.07 71.74 248.10
2017-09-30 2,343.14 66.62 239.74
2017-06-30 2,242.94 20.30 237.83
2017-03-31 2,092.49 0.33 220.58
2016-12-31 1,865.05 -45.84 211.36
2016-09-30 1,745.37 -126.14 202.91
2016-06-30 1,730.57 -83.75 189.80
2016-03-31 1,900.54 -59.04 187.58
2015-12-31 2,066.34 -39.91 185.89
2015-09-30 2,331.23 58.37 179.50
2015-06-30 2,690.01 4.28 182.36
2015-03-31 2,908.39 -32.02 177.88
2014-12-31 3,108.03 -47.04 173.50
2014-09-30 3,156.05 -129.22 164.44
2014-06-30 2,337.14 -104.39 117.81
2014-03-31 1,564.37 -88.93 80.15
2013-12-31 886.01 -79.17 48.75
2013-09-30 131.20 -35.49 17.15
2013-06-30 101.68 -38.93 14.93

*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.
  • Par Pacific Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Par Pacific Holdings used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Par Pacific Holdings has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Par Pacific Holdings'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.
Par Pacific Holdings has a total score of 3/6, 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.

61P Health

 How is Par Pacific Holdings'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 Par Pacific Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Par Pacific Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Par Pacific Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Par Pacific Holdings'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 covered by short term assets, assets are 1.7x 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 Par Pacific Holdings Company Filings, last reported 3 months ago.

DB:61P Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 648.24 613.36 126.02
2019-09-30 579.51 644.29 110.69
2019-06-30 659.56 645.57 106.19
2019-03-31 611.20 676.83 60.30
2018-12-31 512.33 392.64 75.27
2018-09-30 477.41 389.60 88.29
2018-06-30 481.62 388.04 83.63
2018-03-31 463.80 386.50 66.11
2017-12-31 447.72 384.81 119.82
2017-09-30 427.48 330.20 79.15
2017-06-30 407.51 340.56 54.79
2017-03-31 399.10 358.41 46.71
2016-12-31 368.91 370.49 47.93
2016-09-30 352.09 381.43 56.25
2016-06-30 325.64 243.86 164.14
2016-03-31 323.94 163.90 121.76
2015-12-31 340.61 165.21 167.79
2015-09-30 330.52 169.63 101.84
2015-06-30 307.07 171.41 78.20
2015-03-31 294.07 112.50 124.31
2014-12-31 292.16 130.84 89.21
2014-09-30 254.99 158.71 97.44
2014-06-30 190.34 122.11 20.10
2014-03-31 214.04 91.50 20.68
2013-12-31 228.26 97.28 38.06
2013-09-30 275.17 67.45 69.04
2013-06-30 88.94 91.55 43.02
  • Par Pacific Holdings's level of debt (94.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (44.3% vs 94.6% today).
  • Debt is not well covered by operating cash flow (17.2%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Par Pacific Holdings'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. Par Pacific Holdings has a total score of 1/6, 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.

61P Dividends

 What is Par Pacific Holdings'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
0%
Current annual income from Par Pacific Holdings dividends. Estimated to be 3.4% next year.
If you bought €2,000 of Par Pacific Holdings shares you are expected to receive €0 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?
  • Unable to evaluate Par Pacific Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Par Pacific Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
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:61P 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 3 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:61P Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.46 1.00
2020-12-31 0.00 1.00
2020-04-08

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

  • Unable to perform a dividend volatility check as Par Pacific Holdings has not reported any payouts.
  • Unable to verify if Par Pacific Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Par Pacific Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Par Pacific Holdings has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Par Pacific Holdings'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 Par Pacific Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Par Pacific Holdings has a total score of 1/6, see the detailed checks below.


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

61P Management

 What is the CEO of Par Pacific Holdings'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
Bill Pate
COMPENSATION $2,460,513
AGE 55
TENURE AS CEO 4.5 years
CEO Bio

Mr. William C. Pate, also known as Bill, JD, has been the Chief Executive Officer and President of Par Pacific Holdings, Inc. since October 14, 2015. Mr. Pate served as a Managing Director and Co-President at Equity Group Investments. He had been employed by EGI or its predecessor in various capacities since 1994. He oversaw all aspects of the firm. Since joining EGI in 1994, he has managed and assessed investments across a broad spectrum of industries, including: agricultural chemicals, customer marketing, energy, financial services, food retailing, manufacturing, pharmaceutical and transportation. He served as an Associate at the Blackstone Group and in the Mergers and Acquisitions Group of Credit Suisse First Boston. He was employed by CNA Surety Corporation. Mr. Pate has worked through numerous restructurings, including those of Exodus Communications and American Commercial Lines. He began his professional career at The First Boston Corporation as a financial analyst in the mergers and acquisitions group. He serves as the Chairman of the Board of Directors of Danielson Holding Corporation and Member of the Board of Directors of certain private affiliates of EGI and of Covanta Holding Corporation and Wapiti Oil & Gas, L.L.C. He served as the Chairman of the Board at Covanta Holding Corporation from October 2004 to September 21, 2005. He serves as a Director of Exterran Energy LLC. He has been a Director Covanta Energy Asia Pacific Holdings Ltd., since 1999; Par Pacific Holdings, Inc. since December 2014 and Adams Laboratories, Inc. since 2000. He served as an Independent Director at Covanta Holding Corporation from 1999 to May 5, 2016. He served as Director of Tribune Media Company since December 2007. He served as Director of Exterran GP LLC at Exterran Partners, L.P. since 2007. He served as a Director of Exterran Holdings, Inc. from January 2007 to April 30, 2013; Adams Respiratory Therapeutic, Inc. from 2000 to April 2007; Davel Communications Inc. since November 2011; MiddleBrook Pharmaceuticals, Inc. since September 2008 and Home Products International Inc. from December 13, 2004 to January 16, 2006. Mr. Pate received a Juris Doctorate degree from the University of Chicago Law School and a Bachelors of Arts degree from Harvard College.

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

Average tenure and age of the Par Pacific Holdings management team in years:

3.1
Average Tenure
46
Average Age
  • The tenure for the Par Pacific Holdings management team is about average.
Management Team

Bill Pate

TITLE
President
COMPENSATION
$2M
AGE
55
TENURE
4.5 yrs

Will Monteleone

TITLE
CFO & Director
COMPENSATION
$1M
AGE
35
TENURE
3.1 yrs

Matt Vaughn

TITLE
Chief Administrative Officer
COMPENSATION
$1M
AGE
46
TENURE
0.8 yrs

Jim Yates

TITLE
Senior Vice President
COMPENSATION
$949K
AGE
59
TENURE
4.9 yrs

Joseph Israel

TITLE
Director and President & CEO of Par Petroleum
COMPENSATION
$2M
AGE
47

Ivan Guerra

TITLE
Chief Accounting Officer & Controller
AGE
37
TENURE
2.1 yrs

Suneel Mandava

TITLE
Senior Vice President of Finance
AGE
45
Board of Directors Tenure

Average tenure and age of the Par Pacific Holdings board of directors in years:

5.3
Average Tenure
60.5
Average Age
  • The tenure for the Par Pacific Holdings board of directors is about average.
Board of Directors

Rob Silberman

TITLE
Independent Chairman of the Board
COMPENSATION
$270K
AGE
61
TENURE
1.3 yrs

Bill Pate

TITLE
President
COMPENSATION
$2M
AGE
55
TENURE
5.3 yrs

Mel Klein

TITLE
Independent Chairman Emeritus
COMPENSATION
$270K
AGE
77

Will Monteleone

TITLE
CFO & Director
COMPENSATION
$1M
AGE
35
TENURE
7.7 yrs

Joseph Israel

TITLE
Director and President & CEO of Par Petroleum
COMPENSATION
$2M
AGE
47
TENURE
5.3 yrs

Curt Anastasio

TITLE
Independent Director
COMPENSATION
$180K
AGE
62
TENURE
5.8 yrs

Walter Dods

TITLE
Independent Director
COMPENSATION
$175K
AGE
77
TENURE
4.8 yrs

Mel Cooper

TITLE
Independent Director
COMPENSATION
$168K
AGE
65
TENURE
7.7 yrs

Timothy Clossey

TITLE
Independent Director
COMPENSATION
$203K
AGE
60
TENURE
5.8 yrs

Katherine Hatcher

TITLE
Independent Director
COMPENSATION
$160K
AGE
50
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Par Pacific Holdings individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Mar 20 Buy Melvyn Klein Individual 17. Mar 20 17. Mar 20 10,000 €5.93 €59,274
19. Mar 20 Buy William Monteleone Individual 17. Mar 20 17. Mar 20 13,000 €6.07 €78,949
19. Mar 20 Buy William Pate Individual 17. Mar 20 17. Mar 20 62,000 €5.94 €368,061
20. May 19 Sell Ivan Guerra Individual 16. May 19 16. May 19 -1,036 €19.00 €-19,680
X
Management checks
We assess Par Pacific Holdings'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. Par Pacific Holdings 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.

61P News

Simply Wall St News

61P Company Info

Description

Par Pacific Holdings, Inc. owns, manages, and maintains interests in energy and infrastructure businesses. The company operates in three segments: Refining, Retail, and Logistics. The Refining segment operates four refineries that produces ultra-low sulfur diesel, gasoline, jet fuel, marine fuel, distillate, asphalt, low sulfur fuel oil, and other associated refined products primarily for consumption in Hawaii, Pacific Northwest, Wyoming, and South Dakota. The Retail segment operates retail outlets, which sell gasoline, diesel, and retail merchandise in the island of Oahu, Maui, Hawaii, and Kauai. It operates 124 outlets under the Hele, 76, nomnom, Cenex, and Zip Trip brand names in Hawaii, Washington, and Idaho. The Logistics segment owns and operates terminals, pipelines, a single-point mooring, and trucking operations to distribute refined products throughout the island of Oahu, Maui, Hawaii, Molokai, and Kauai. It also owns and operates a crude oil pipeline gathering system, a refined products pipeline, and storage facilities and loading racks in Wyoming; and a jet fuel storage facility and pipeline that serves Ellsworth Air Force Base in South Dakota. In addition, this segment owns and operates a marine terminal, a unit train-capable rail loading terminal, storage facilities, a truck rack, and a proprietary pipeline that serves McChord Air Force Base in Washington. The company was formerly known as Par Petroleum Corporation and changed its name to Par Pacific Holdings, Inc. in October 2015. Par Pacific Holdings, Inc. was founded in 1984 and is headquartered in Houston, Texas.

Details
Name: Par Pacific Holdings, Inc.
61P
Exchange: DB
Founded: 1984
$333,186,633
53,599,608
Website: http://www.parpacific.com
Address: Par Pacific Holdings, Inc.
825 Town & Country Lane,
Suite 1500,
Houston,
Texas, 77024,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE PARR Common Stock New York Stock Exchange US USD 05. Sep 2012
DB 61P Common Stock Deutsche Boerse AG DE EUR 05. Sep 2012
Number of employees
Current staff
Staff numbers
1,408
Par Pacific Holdings employees.
Industry
Oil and Gas Refining and Marketing
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 00:25
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/03/02
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.