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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 from crude oil. 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. PBF Energy Inc. was founded in 2008 and is based in Parsippany, New Jersey.
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PBF Energy Inc is an independent petroleum refiner and supplier operating refineries, logistics and terminals that purchase crude oil and produce transportation fuels and other refined products. Long-term growth drivers include crude-slate flexibility, operational optimization, potential investments in higher-value fuels and logistics integration, and demand recovery that could support product spreads. Investors may find the company attractive for its asset-heavy, integrated model and emphasis on capturing margin across the value chain.
The most important investment risks are volatile refining margins tied to crude and product price swings, cyclical end-market demand, regulatory and environmental compliance costs, and execution risk on capital and upgrade projects.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 3557.60M | 327.60M | -1331.20M | 479.50M | 208.80M |
| Minority interest | 96.00M | -84.50M | 59.10M | 55.80M | 46.98M |
| Net income | 2876.80M | 315.50M | -1333.30M | 319.40M | 128.31M |
| Selling general administrative | 468.70M | 247.30M | 248.50M | 284.00M | 276.95M |
| Gross profit | 4678.60M | 887.20M | -1629.70M | 913.10M | 602.62M |
| Reconciled depreciation | 533.90M | 13.30M | 581.10M | 447.50M | 378.60M |
| Ebit | 4153.20M | 597.20M | -1416.80M | 649.00M | 335.62M |
| Ebitda | 3926.40M | 607.90M | -1512.20M | 619.20M | 346.25M |
| Depreciation and amortization | -226.80M | 10.70M | -95.40M | -29.80M | 10.63M |
| Non operating income net other | -66.10M | 79.90M | -22.20M | - | - |
| Operating income | 4153.20M | 597.20M | -1416.80M | 649.00M | 358.12M |
| Other operating expenses | 42627.90M | 26626.80M | 17005.40M | 23889.90M | 26871.07M |
| Interest expense | 246.00M | 317.50M | 258.20M | 159.60M | 169.91M |
| Tax provision | 584.80M | 12.10M | 2.10M | 104.30M | 33.51M |
| Interest income | 248.00M | 309.00M | 270.00M | 169.30M | 164.32M |
| Net interest income | -246.00M | -317.50M | -258.20M | -159.60M | -169.91M |
| Extraordinary items | - | - | - | - | 0.00M |
| Non recurring | 0.90M | -3.00M | -379.00M | -29.90M | -43.09M |
| Income tax expense | 584.80M | 12.10M | 2.10M | 104.30M | 33.51M |
| Total revenue | 46830.30M | 27253.40M | 15115.90M | 24508.20M | 27186.09M |
| Total operating expenses | 476.20M | 260.60M | 259.80M | 294.80M | 287.59M |
| Cost of revenue | 42151.70M | 26366.20M | 16745.60M | 23595.10M | 26583.48M |
| Total other income expense net | -595.60M | -269.60M | 85.60M | -169.50M | 63.68M |
| Net income from continuing ops | 2972.80M | 315.50M | -1333.30M | 375.20M | 175.29M |
| Net income applicable to common shares | 2876.80M | 231.00M | -1392.40M | 319.40M | 128.31M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 13549.10M | 11641.40M | 10499.80M | 9132.40M | 8005.41M |
| Intangible assets | 9.10M | 9.60M | 10.10M | 24.30M | 25.65M |
| Other current assets | 122.80M | 75.00M | 58.80M | 51.60M | 55.61M |
| Total liab | 8493.10M | 9108.60M | 8297.50M | 5546.90M | 4756.94M |
| Total stockholder equity | 5056.00M | 2532.80M | 2202.30M | 3585.50M | 3248.48M |
| Deferred long term liab | 535.40M | 111.40M | 99.60M | 96.90M | 40.37M |
| Other current liab | 3709.10M | 2725.80M | 1893.10M | 1807.30M | 1618.03M |
| Common stock | 0.10M | 0.10M | 0.10M | 0.10M | 0.10M |
| Capital stock | 0.10M | 0.10M | 0.10M | 0.10M | 0.10M |
| Retained earnings | 2056.00M | -796.10M | -1027.10M | 401.20M | 225.84M |
| Other liab | 1246.90M | 412.10M | 368.10M | 721.30M | 691.10M |
| Other assets | 953.60M | 813.30M | 1789.00M | 930.60M | 922.00M |
| Cash | 2203.60M | 1341.50M | 1609.50M | 814.90M | 597.29M |
| Cash and equivalents | 2203.60M | 1341.50M | 1609.50M | 814.90M | 597.29M |
| Total current liabilities | 5200.70M | 3759.70M | 2451.50M | 2509.20M | 2134.51M |
| Current deferred revenue | 40.60M | 46.20M | 51.20M | 21.90M | 25.68M |
| Net debt | 438.30M | 3671.30M | 3968.60M | 1580.10M | 1336.41M |
| Short term debt | 596.40M | 76.00M | 100.20M | 78.60M | 2.38M |
| Short long term debt | 524.20M | - | - | - | 2.38M |
| Short long term debt total | 2641.90M | 5012.80M | 5578.10M | 2395.00M | 1933.69M |
| Other stockholder equity | 3001.40M | 3311.50M | 3238.40M | 3192.50M | 2472.52M |
| Property plant equipment | 5361.00M | 4902.20M | 4843.30M | 4023.20M | 3820.89M |
| Total current assets | 6546.30M | 5199.20M | 3867.40M | 3823.70M | 3236.93M |
| Net tangible assets | 4929.20M | 1729.20M | 1642.80M | 3039.60M | 2676.47M |
| Net receivables | 1456.30M | 1277.60M | 512.90M | 835.00M | 718.21M |
| Long term debt | 1434.90M | 4295.80M | 4653.60M | 2064.90M | 1931.32M |
| Inventory | 2763.60M | 2505.10M | 1686.20M | 2122.20M | 1865.83M |
| Accounts payable | 854.60M | 911.70M | 407.00M | 601.40M | 488.43M |
| Noncontrolling interest in consolidated entity | 126.80M | 606.60M | 559.50M | 545.90M | 572.01M |
| Accumulated other comprehensive income | -1.50M | 17.30M | -9.10M | -8.30M | -22.43M |
| Common stock total equity | 0.10M | 0.10M | 0.10M | 0.10M | 0.10M |
| Retained earnings total equity | 2056.00M | -796.10M | -1027.10M | 401.20M | 225.84M |
| Treasury stock | -327.00M | -169.10M | -167.30M | -165.70M | -160.80M |
| Non currrent assets other | 962.70M | 813.30M | 862.10M | 930.60M | 190.64M |
| Deferred long term asset charges | - | - | - | - | 48.50M |
| Non current assets total | 7002.80M | 6442.20M | 6632.40M | 5308.70M | 4768.48M |
| Capital lease obligations | 682.80M | 775.40M | 1019.60M | 377.70M | - |
| Long term debt total | 1434.90M | 4295.80M | 4653.60M | 2064.90M | 1931.32M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | 25.00M | -388.50M | 12.60M | -712.60M | -685.60M |
| Change to liabilities | 783.20M | 1274.10M | -63.50M | 345.70M | -327.62M |
| Total cashflows from investing activities | -1010.90M | -388.50M | -1026.50M | -712.60M | -685.60M |
| Net borrowings | 1333.30M | 154.20M | 2665.40M | -7.00M | 350.00M |
| Total cash from financing activities | -2899.00M | -356.80M | 2452.70M | -3.30M | -128.08M |
| Change to operating activities | 876.10M | 706.40M | 51.10M | 155.60M | -209.50M |
| Net income | 2972.80M | 315.50M | -1333.30M | 375.20M | 175.29M |
| Change in cash | 862.10M | -268.00M | 794.60M | 217.60M | 24.27M |
| Begin period cash flow | 1341.50M | 1609.50M | 814.90M | 597.30M | 573.02M |
| End period cash flow | 2203.60M | 1341.50M | 1609.50M | 814.90M | 597.29M |
| Total cash from operating activities | 4772.00M | 477.30M | -631.60M | 933.50M | 837.94M |
| Issuance of capital stock | - | 0.00M | 0.00M | 132.50M | 322.10M |
| Depreciation | 533.90M | 483.80M | 581.10M | 447.50M | 378.60M |
| Other cashflows from investing activities | -377.60M | -388.50M | -830.30M | -307.70M | -133.34M |
| Dividends paid | -73.60M | -39.70M | -82.20M | -209.20M | 189.17M |
| Change to inventory | -258.50M | -149.30M | 392.20M | -6.30M | -3.31M |
| Change to account receivables | -178.80M | -764.70M | 322.10M | -116.10M | 234.34M |
| Sale purchase of stock | -156.40M | 0.00M | -1.60M | -4.90M | -8.21M |
| Other cashflows from financing activities | 75.60M | -45.10M | -37.10M | 1536.30M | 162.44M |
| Change to netincome | 637.40M | -220.50M | -381.20M | 155.10M | 63.00M |
| Capital expenditures | 633.30M | 249.10M | 196.20M | 404.90M | 317.46M |
| Change receivables | -178.80M | -764.70M | 322.10M | -116.10M | 234.34M |
| Cash flows other operating | 282.00M | -809.60M | -149.00M | -267.60M | 317.65M |
| Cash and cash equivalents changes | 862.10M | -268.00M | 794.60M | 217.60M | 24.27M |
| Change in working capital | 341.00M | 268.60M | 585.90M | 170.80M | -78.95M |
| Stock based compensation | 54.30M | 35.60M | 34.20M | 37.30M | 25.97M |
| Other non cash items | 159.50M | -686.20M | -127.60M | -201.00M | 318.19M |
| Free cash flow | 4138.70M | 228.20M | -827.80M | 528.60M | 520.48M |
Sector: Energy Industry: Oil & Gas Refining & Marketing
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| PBF PBF Energy Inc |
2.70 4.01% |
69.97 | 2.10 | 8.56 | 0.14 | 0.82 | 0.14 | 1.26 |
| MPC Marathon Petroleum Corp |
15.74 4.22% |
388.49 | 13.75 | 12.08 | 0.75 | 5.84 | 0.90 | 7.83 |
| PSX Phillips 66 |
6.24 2.54% |
251.96 | 8.10 | 9.57 | 0.39 | 1.91 | 0.50 | 5.71 |
| VLO Valero Energy Corporation |
9.96 2.87% |
356.41 | 4.54 | 9.21 | 0.31 | 1.74 | 0.34 | 2.87 |
| NTOIF Neste Oyj |
-0.16 0.52% |
30.58 | 17.00 | 13.21 | 1.46 | 3.00 | 1.36 | 13.54 |
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 from crude oil. 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. PBF Energy Inc. was founded in 2008 and is based in Parsippany, New Jersey.
| Name | Title | Year Born |
|---|---|---|
| Mr. Thomas J. Nimbley | CEO & Chairman | 1951 |
| Mr. Matthew C. Lucey | Pres | 1973 |
| Mr. C. Erik Young | Sr. VP & CFO | 1977 |
| Mr. Timothy Paul Davis | Sr. VP of Supply, Trading & Optimization | 1962 |
| Mr. Thomas L. O'Connor | Sr. VP of Commodity Risk & Strategy | 1973 |
| Mr. John Barone | Chief Accounting Officer & Controller | 1958 |
| Mr. Colin Murray | Sr. Director of Investor Relations | NA |
| Ms. Trecia M. Canty | Sr. VP, Gen. Counsel & Sec. | 1970 |
| Ms. Wendy Ho Tai | Sr. VP of HR | NA |
| Mr. Steven G. Steach | Sr. VP of Refining | 1957 |
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