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PBF Energy

DB:PEN
Snowflake Description

Good value with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PEN
DB
$796M
Imp Market Cap
  1. Home
  2. DE
  3. Energy
Company description

PBF Energy Inc., together with its subsidiaries, engages in refining and supplying petroleum products. The last earnings update was 48 days ago. More info.


Add to Portfolio Compare Print
  • PBF Energy has significant price volatility in the past 3 months.
PEN Share Price and Events
7 Day Returns
5.8%
DB:PEN
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-78%
DB:PEN
28.1%
DE Oil and Gas
-16.6%
DE Market
PEN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PBF Energy (PEN) 5.8% -53.3% -77.2% -78% -67.9% -76.4%
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
  • PEN underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • PEN underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
PEN
Industry
5yr Volatility vs Market

Value

 Is PBF Energy 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 Energy 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 Energy.

DB:PEN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in USD $ 0.66818136363636
Payout Ratio Company Filings (2019-12-31) 4328.6%
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:PEN
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%) (300.81%))
2.474
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:PEN using Dividend Discount Model Model

The calculations below outline how an intrinsic value for PBF Energy is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

DB:PEN Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= $0.67 / (10.49% - -0.39%)
$4.84
DB:PEN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:PEN represents 0.88812x of NYSE:PBF
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88812x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 6.14 x 0.88812
€5.45
Value per share (EUR) From above. €5.45
Current discount Discount to share price of €6.35
= -1 x (€6.35 - €5.45) / €5.45
-16.4%

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

  • The current share price of PBF Energy is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PBF Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:PEN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $2.66
NYSE:PBF Share Price ** NYSE (2020-04-07) in USD $7.15
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 Energy.

DB:PEN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 7.15 ÷ 2.66

2.69x

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

  • PBF Energy is good value based on earnings compared to the Europe Oil and Gas industry average.
  • PBF Energy is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does PBF Energy's expected growth come at a high price?
Raw Data
DB:PEN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 2.69x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
22.2%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:PEN PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 2.69x ÷ 22.2%

0.12x

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

  • PBF Energy is good value based on expected growth next year.
Price based on value of assets
What value do investors place on PBF Energy's assets?
Raw Data
DB:PEN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $25.37
NYSE:PBF Share Price * NYSE (2020-04-07) in USD $7.15
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:PEN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 7.15 ÷ 25.37

0.28x

* Primary Listing of PBF Energy.

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

  • PBF Energy is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess PBF Energy'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 Energy 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.

Future Performance

 How is PBF Energy expected to perform in the next 1 to 3 years based on estimates from 10 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
22.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is PBF Energy expected to grow at an attractive rate?
  • PBF Energy's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • PBF Energy's earnings growth is expected to exceed the Germany market average.
  • PBF Energy's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:PEN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:PEN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 22.2%
DB:PEN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 5.7%
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:PEN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:PEN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 913 342
2023-12-31 1,045 476
2022-12-31 27,315 916 469 2
2021-12-31 28,450 866 242 4
2020-12-31 23,543 320 -163 4
2020-04-08
DB:PEN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 24,508 934 319
2019-09-30 24,500 550 -88
2019-06-30 25,715 503 22
2019-03-31 26,599 773 326
2018-12-31 27,186 838 128
2018-09-30 27,429 1,084 723
2018-06-30 25,262 1,028 858
2018-03-31 22,835 766 476
2017-12-31 21,787 686 415
2017-09-30 19,999 586 227
2017-06-30 19,033 401 -45
2017-03-31 17,875 507 169

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PBF Energy's earnings are expected to grow significantly at over 20% yearly.
  • PBF Energy's revenue is expected to grow by 5.7% 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:PEN 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 10 Analyst Estimates (S&P Global) See Below

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

DB:PEN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 2.70 2.70 2.70 1.00
2023-12-31 3.80 3.80 3.80 1.00
2022-12-31 3.75 3.75 3.75 1.00
2021-12-31 1.93 5.25 -0.19 7.00
2020-12-31 -1.18 4.62 -4.80 6.00
2020-04-08
DB:PEN Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 2.66
2019-09-30 -0.73
2019-06-30 0.19
2019-03-31 2.78
2018-12-31 1.11
2018-09-30 6.41
2018-06-30 7.71
2018-03-31 4.32
2017-12-31 3.78
2017-09-30 2.12
2017-06-30 -0.43
2017-03-31 1.67

*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 Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess PBF Energy'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 Energy has a total score of 4/6, 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.

Past Performance

  How has PBF Energy 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 Energy'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 Energy has delivered over 20% year on year earnings growth in the past 5 years.
  • PBF Energy's 1-year earnings growth exceeds its 5-year average (149.9% vs 34.6%)
  • PBF Energy's earnings growth has exceeded the Europe Oil and Gas industry average in the past year (149.9% vs -0.6%).
Earnings and Revenue History
PBF Energy'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 Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:PEN 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 24,508.20 318.90 272.60
2019-09-30 24,499.59 -87.93 252.95
2019-06-30 25,715.39 22.27 261.15
2019-03-31 26,599.49 326.47 268.55
2018-12-31 27,186.10 127.60 273.00
2018-09-30 27,429.19 723.16 260.08
2018-06-30 25,261.84 857.85 249.64
2018-03-31 22,834.96 476.02 233.00
2017-12-31 21,786.60 414.60 214.90
2017-09-30 19,999.22 227.37 184.93
2017-06-30 19,033.47 -44.61 -413.81
2017-03-31 17,874.71 168.85 -139.98
2016-12-31 15,920.42 170.81 149.39
2016-09-30 14,532.35 -3.28 427.36
2016-06-30 13,236.78 -2.59 1,221.12
2016-03-31 12,928.98 29.69 1,140.20
2015-12-31 13,123.93 146.40 175.43
2015-09-30 14,283.44 -11.68 1,003.64
2015-06-30 16,325.80 86.49 987.22
2015-03-31 18,076.85 -28.36 996.89
2014-12-31 19,828.16 -38.24 1,029.80
2014-09-30 20,124.59 270.53 1,021.98
2014-06-30 19,723.47 109.71 1,008.41
2014-03-31 19,100.05 105.58 986.40
2013-12-31 19,151.46 39.54 908.45
2013-09-30 19,285.38 -529.43 924.57
2013-06-30 19,821.71 -323.02 919.16

*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.
  • PBF Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • PBF Energy used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • PBF Energy has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess PBF Energy'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 Energy has a total score of 4/6, 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.

Health

 How is PBF Energy'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 Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PBF Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PBF Energy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of PBF Energy'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 1.9x 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 Energy Company Filings, last reported 3 months ago.

DB:PEN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 3,585.50 2,017.30 814.90
2019-09-30 3,554.30 2,017.10 536.30
2019-06-30 3,513.10 1,984.90 204.10
2019-03-31 3,446.80 2,143.60 418.30
2018-12-31 3,248.50 1,889.40 597.30
2018-09-30 3,645.36 2,133.33 1,059.20
2018-06-30 3,172.28 2,173.11 478.33
2018-03-31 2,915.83 2,122.01 362.96
2017-12-31 2,902.95 2,132.60 573.02
2017-09-30 2,675.36 2,119.20 300.89
2017-06-30 2,368.99 2,112.09 173.03
2017-03-31 2,512.22 2,063.56 346.15
2016-12-31 2,570.68 2,102.27 786.30
2016-09-30 2,279.36 2,325.34 685.39
2016-06-30 2,175.86 2,327.28 1,549.08
2016-03-31 2,033.75 1,811.21 740.32
2015-12-31 2,095.86 1,808.55 944.32
2015-09-30 1,890.97 1,353.55 472.83
2015-06-30 1,872.38 1,329.16 623.82
2015-03-31 1,767.72 1,224.71 449.48
2014-12-31 1,693.32 1,191.51 397.87
2014-09-30 2,174.54 1,117.18 477.39
2014-06-30 2,063.97 1,045.65 317.54
2014-03-31 1,810.12 734.83 237.14
2013-12-31 1,715.26 747.58 76.97
2013-09-30 1,648.84 698.24 57.42
2013-06-30 1,741.91 815.96 69.23
  • PBF Energy's level of debt (56.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (70.4% vs 56.3% today).
  • Debt is well covered by operating cash flow (46.3%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess PBF Energy'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 Energy has a total score of 4/6, 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.

Dividends

 What is PBF Energy'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 PBF Energy dividends. Estimated to be 9.35% next year.
If you bought €2,000 of PBF Energy 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 PBF Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate PBF Energy'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:PEN 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 10 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:PEN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.50 4.00
2021-12-31 0.62 9.00
2020-12-31 0.79 9.00
2020-04-08
DB:PEN Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-30 0.000 0.000
2020-02-20 1.200 10.421
2020-02-13 1.200 4.274
2019-10-31 1.200 3.921
2019-08-01 1.200 4.730
2019-05-01 1.200 4.240
2019-02-21 1.200 3.736
2019-02-14 1.200 3.431
2018-10-31 1.200 3.371
2018-08-02 1.200 2.473
2018-05-03 1.200 2.717
2018-02-23 1.200 3.533
2018-02-15 1.200 3.996
2017-11-02 1.200 3.658
2017-08-03 1.200 4.836
2017-05-04 1.200 5.529
2017-02-16 1.200 5.447
2016-11-04 1.200 4.757
2016-10-28 1.200 5.373
2016-07-29 1.200 5.429
2016-05-05 1.200 4.864
2016-04-28 1.200 3.828
2016-02-11 1.200 3.817
2015-11-05 1.200 3.397
2015-10-29 1.200 3.475
2015-08-06 1.200 3.930
2015-07-30 1.200 3.875
2015-04-30 1.200 4.233
2015-02-12 1.200 3.943
2014-11-07 1.200 4.446
2014-10-30 1.200 4.617
2014-08-01 1.200 4.787
2014-05-07 1.200 4.135
2014-04-30 1.200 3.811
2014-02-13 1.200 4.487
2013-10-31 1.200 4.306
2013-08-01 1.200 5.191
2013-05-02 1.200 4.618
2013-02-28 1.200 3.421
2013-02-21 1.200 3.001

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

  • Unable to perform a dividend volatility check as PBF Energy has not reported any payouts.
  • Unable to verify if PBF Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of PBF Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as PBF Energy has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.3x coverage).
X
Income/ dividend checks
We assess PBF Energy'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 Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PBF Energy 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.

Management

 What is the CEO of PBF Energy'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 $15,761,505
AGE 68
TENURE AS CEO 9.8 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 higher than average for companies of similar size in Germany.
Management Team Tenure

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

5.4
Average Tenure
57
Average Age
  • The average tenure for the PBF Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tom Nimbley

TITLE
CEO & Chairman
COMPENSATION
$16M
AGE
68
TENURE
9.8 yrs

Matt Lucey

TITLE
President
COMPENSATION
$7M
AGE
46
TENURE
5.3 yrs

C. Young

TITLE
Senior VP & CFO
COMPENSATION
$6M
AGE
42
TENURE
6 yrs

Tom O'Connor

TITLE
Senior Vice President of Commercial
COMPENSATION
$6M
AGE
46
TENURE
5.6 yrs

Timothy Davis

TITLE
President of PBF Energy Western Region LLC
COMPENSATION
$6M
AGE
57
TENURE
2.6 yrs

John Barone

TITLE
Chief Accounting Officer & Controller
AGE
61

Colin Murray

TITLE
Senior Director of Investor Relations

Trecia Canty

TITLE
Senior VP
AGE
49
TENURE
4.6 yrs

Herman Seedorf

TITLE
Senior Vice President of Refining
AGE
67
TENURE
6.6 yrs

Tom O’Malley

TITLE
Consultant
COMPENSATION
$8M
AGE
77
TENURE
3.8 yrs
Board of Directors Tenure

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

4
Average Tenure
69.5
Average Age
  • The tenure for the PBF Energy board of directors is about average.
Board of Directors

Tom Nimbley

TITLE
CEO & Chairman
COMPENSATION
$16M
AGE
68
TENURE
3.8 yrs

E. Abraham

TITLE
Independent Director
COMPENSATION
$285K
AGE
66
TENURE
7.5 yrs

Ed Kosnik

TITLE
Lead Director
COMPENSATION
$317K
AGE
74
TENURE
3.9 yrs

Wayne Budd

TITLE
Independent Director
COMPENSATION
$288K
AGE
78
TENURE
6.2 yrs

Karen Davis

TITLE
Independent Director
AGE
62
TENURE
0.3 yrs

Gene Edwards

TITLE
Independent Director
COMPENSATION
$294K
AGE
62
TENURE
5.8 yrs

Bill Hantke

TITLE
Independent Director
COMPENSATION
$275K
AGE
71
TENURE
4.2 yrs

Robert Lavinia

TITLE
Independent Director
COMPENSATION
$290K
AGE
72
TENURE
4.2 yrs

Kim Lubel

TITLE
Independent Director
COMPENSATION
$272K
AGE
54
TENURE
2.7 yrs

George Ogden

TITLE
Director
COMPENSATION
$335K
AGE
76
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
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 20 150,000 €6.70 €1,005,500
27. Mar 20 Buy Inversora Carso, S.A. de C.V. Company 25. Mar 20 25. Mar 20 465,256 €6.04 €2,809,636
25. Mar 20 Buy Inversora Carso, S.A. de C.V. Company 23. Mar 20 24. Mar 20 720,000 €5.87 €4,088,551
19. Mar 20 Buy Inversora Carso, S.A. de C.V. Company 17. Mar 20 18. Mar 20 230,000 €8.19 €1,840,795
12. Mar 20 Buy Inversora Carso, S.A. de C.V. Company 10. Mar 20 11. Mar 20 70,621 €13.12 €885,187
05. Mar 20 Buy Inversora Carso, S.A. de C.V. Company 03. Mar 20 03. Mar 20 130,000 €18.77 €2,389,445
04. Feb 20 Buy Inversora Carso, S.A. de C.V. Company 31. Jan 20 03. Feb 20 263,471 €24.53 €6,377,351
29. Jan 20 Buy Inversora Carso, S.A. de C.V. Company 27. Jan 20 27. Jan 20 200,000 €24.31 €4,861,287
27. Jan 20 Buy Inversora Carso, S.A. de C.V. Company 23. Jan 20 24. Jan 20 300,100 €25.67 €7,680,047
23. Jan 20 Buy Inversora Carso, S.A. de C.V. Company 21. Jan 20 22. Jan 20 212,000 €26.84 €5,675,592
21. Jan 20 Buy Inversora Carso, S.A. de C.V. Company 16. Jan 20 17. Jan 20 553,796 €27.94 €15,424,241
16. Dec 19 Buy Inversora Carso, S.A. de C.V. Company 12. Dec 19 13. Dec 19 201,045 €26.83 €5,393,347
10. Dec 19 Buy Inversora Carso, S.A. de C.V. Company 06. Dec 19 09. Dec 19 593,420 €28.01 €16,302,124
06. Dec 19 Buy Inversora Carso, S.A. de C.V. Company 04. Dec 19 05. Dec 19 811,427 €28.01 €22,649,683
03. Dec 19 Buy Inversora Carso, S.A. de C.V. Company 29. Nov 19 29. Nov 19 150,000 €28.40 €4,259,684
29. Nov 19 Buy Inversora Carso, S.A. de C.V. Company 26. Nov 19 27. Nov 19 240,455 €28.66 €6,883,459
21. Nov 19 Buy Inversora Carso, S.A. de C.V. Company 19. Nov 19 20. Nov 19 508,816 €28.84 €14,423,398
13. Nov 19 Buy Inversora Carso, S.A. de C.V. Company 11. Nov 19 11. Nov 19 5,028 €29.50 €148,305
12. Nov 19 Buy Inversora Carso, S.A. de C.V. Company 08. Nov 19 08. Nov 19 200,155 €29.66 €5,935,635
17. Sep 19 Buy Inversora Carso, S.A. de C.V. Company 13. Sep 19 16. Sep 19 457,268 €23.15 €9,805,772
13. Sep 19 Buy Inversora Carso, S.A. de C.V. Company 11. Sep 19 11. Sep 19 190,000 €23.22 €4,411,157
07. Sep 19 Buy Inversora Carso, S.A. de C.V. Company 04. Sep 19 04. Sep 19 80,000 €21.39 €1,711,364
27. Aug 19 Buy Inversora Carso, S.A. de C.V. Company 23. Aug 19 23. Aug 19 52,385 €19.53 €1,022,938
19. Aug 19 Buy Inversora Carso, S.A. de C.V. Company 15. Aug 19 15. Aug 19 86,766 €19.26 €1,670,860
15. Aug 19 Buy Inversora Carso, S.A. de C.V. Company 13. Aug 19 14. Aug 19 335,000 €20.73 €6,752,252
13. Aug 19 Buy Inversora Carso, S.A. de C.V. Company 09. Aug 19 12. Aug 19 187,871 €20.38 €3,770,980
09. Aug 19 Buy Inversora Carso, S.A. de C.V. Company 07. Aug 19 08. Aug 19 354,917 €20.20 €7,038,648
07. Aug 19 Buy Inversora Carso, S.A. de C.V. Company 05. Aug 19 06. Aug 19 538,300 €20.71 €11,133,862
05. Aug 19 Buy Inversora Carso, S.A. de C.V. Company 01. Aug 19 02. Aug 19 686,500 €22.80 €15,327,079
17. Jun 19 Buy Thomas Nimbley Individual 14. Jun 19 14. Jun 19 40,000 €21.17 €846,901
28. May 19 Buy Inversora Carso, S.A. de C.V. Company 23. May 19 24. May 19 1,609,796 €26.56 €41,582,252
X
Management checks
We assess PBF Energy'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 Energy 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.

News

Simply Wall St News

Company Info

Description

PBF Energy Inc., together with its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics. It produces gasoline, ultra-low-sulfur diesel, heating oil, diesel fuel, jet fuel, lubricants, petrochemicals, and asphalt, as well as unbranded transportation fuels, petrochemical feedstocks, blending components, and other petroleum products. The company sells its products in Northeast, Midwest, Gulf Coast, and West Coast of the United States, as well as in other regions of the United States, Canada, and Mexico. It also offers various rail, truck, and marine terminaling services, as well as pipeline transportation and storage services. The company owns and operates five oil refineries and related assets. PBF Energy Inc. was founded in 2008 and is based in Parsippany, New Jersey.

Details
Name: PBF Energy Inc
PEN
Exchange: DB
Founded: 2008
$736,228,559
$791,970,000
121,000,150
Website: http://www.pbfenergy.com
Address: PBF Energy Inc
1 Sylvan Way, Second Floor,
Parsippany,
New Jersey, 07054,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE PBF Class A Common Stock New York Stock Exchange US USD 13. Dec 2012
DB PEN Class A Common Stock Deutsche Boerse AG DE EUR 13. Dec 2012
BST PEN Class A Common Stock Boerse-Stuttgart DE EUR 13. Dec 2012
LSE 0KE0 Class A Common Stock London Stock Exchange GB USD 13. Dec 2012
BMV PBF * Class A Common Stock Bolsa Mexicana de Valores MX MXN 13. Dec 2012
Number of employees
Current staff
Staff numbers
3,442
PBF Energy 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 01:33
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/07
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.