Financials PBF Energy Inc.

Equities

PBF

US69318G1067

Oil & Gas Refining and Marketing

Real-time Estimate Cboe BZX Other stock markets 08:34:35 06/05/2024 pm IST			5-day change	1st Jan Change
51.52 ^USD	-0.65%		-10.45%	+17.90%

02/05	PBF Energy beats first-quarter profit estimates on stable demand	RE
02/05	PBF Energy Shares Rise After Reporting Q1 Adjusted Net Income, Revenue Above Analysts' Expectations	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	3,760	852.9	1,560	4,996	5,372	6,149	-	-
Enterprise Value (EV) ¹	5,010	3,904	4,514	4,752	4,834	5,894	5,964	6,176
P/E ratio	11.9 x	-0.61 x	6.83 x	1.79 x	2.66 x	8.54 x	9.92 x	10.4 x
Yield	3.83%	4.23%	-	0.49%	1.93%	1.95%	2.05%	2.03%
Capitalization / Revenue	0.15 x	0.06 x	0.06 x	0.11 x	0.14 x	0.17 x	0.18 x	0.19 x
EV / Revenue	0.2 x	0.26 x	0.17 x	0.1 x	0.13 x	0.16 x	0.17 x	0.19 x
EV / EBITDA	6.33 x	-4.15 x	10.3 x	1.01 x	1.87 x	3.78 x	4.17 x	5.32 x
EV / FCF	27.1 x	-3.81 x	55.3 x	1.26 x	29.3 x	13.1 x	11.3 x	11 x
FCF Yield	3.68%	-26.3%	1.81%	79.2%	3.41%	7.64%	8.85%	9.11%
Price to Book	1.24 x	0.52 x	0.81 x	1.08 x	0.82 x	0.88 x	0.82 x	0.75 x
Nbr of stocks (in thousands)	1,19,844	1,20,128	1,20,246	1,22,520	1,22,201	1,18,564	-	-
Reference price ²	31.37	7.100	12.97	40.78	43.96	51.86	51.86	51.86
Announcement Date	13/02/20	11/02/21	10/02/22	16/02/23	15/02/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	24,508	15,116	27,253	46,830	38,325	36,128	34,529	32,299
EBITDA ¹	791.9	-941.9	440.3	4,719	2,591	1,560	1,430	1,161
EBIT ¹	365.7	-1,441	-42.8	4,202	2,018	1,334	824.7	585.9
Operating Margin	1.49%	-9.53%	-0.16%	8.97%	5.26%	3.69%	2.39%	1.81%
Earnings before Tax (EBT) ¹	479.5	-1,331	327.6	3,558	2,886	997.7	737.8	557.9
Net income ¹	319.4	-1,392	231	2,877	2,140	803.8	598.1	567.2
Net margin	1.3%	-9.21%	0.85%	6.14%	5.59%	2.22%	1.73%	1.76%
EPS ²	2.640	-11.64	1.900	22.84	16.52	6.070	5.228	4.978
Free Cash Flow ¹	184.6	-1,025	81.6	3,761	164.9	450	527.7	562.4
FCF margin	0.75%	-6.78%	0.3%	8.03%	0.43%	1.25%	1.53%	1.74%
FCF Conversion (EBITDA)	23.31%	-	18.53%	79.69%	6.36%	28.85%	36.91%	48.45%
FCF Conversion (Net income)	57.8%	-	35.32%	130.74%	7.7%	55.99%	88.24%	99.15%
Dividend per Share ²	1.200	0.3000	-	0.2000	0.8500	1.014	1.064	1.052
Announcement Date	13/02/20	11/02/21	10/02/22	16/02/23	15/02/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	8,244	9,142	14,078	12,765	10,846	9,295	9,158	10,734	9,139	8,646	8,776	8,991	8,623	8,101	8,407
EBITDA ¹	409.5	258.8	1,919	1,533	1,012	665.4	560.3	1,298	93.4	301.5	494.5	504.9	270.9	339.7	505
EBIT ¹	294.5	141.3	1,784	1,403	873	516.1	403.7	1,146	-46.1	143.9	443.9	656.5	189	-8.2	455
Operating Margin	3.57%	1.55%	12.67%	10.99%	8.05%	5.55%	4.41%	10.67%	-0.5%	1.66%	5.06%	7.3%	2.19%	-0.1%	5.41%
Earnings before Tax (EBT) ¹	184.8	-9.4	1,367	1,275	924.6	512.4	1,378	1,049	-53.6	135.2	347.5	422.4	99.73	65.05	404.6
Net income ¹	165.3	-21.1	1,204	1,056	637.8	382.1	1,020	786.4	-48.4	106.6	284.6	370.5	83.08	86.6	305.3
Net margin	2.01%	-0.23%	8.55%	8.28%	5.88%	4.11%	11.14%	7.33%	-0.53%	1.23%	3.24%	4.12%	0.96%	1.07%	3.63%
EPS ²	1.360	-0.1800	9.650	8.400	4.860	2.860	7.880	6.110	-0.4000	0.8600	2.315	3.055	0.6925	0.7100	2.603
Dividend per Share ²	-	-	-	-	0.2000	0.2000	0.2000	0.2000	0.2500	-	0.2500	0.2571	0.2638	0.2812	0.2812
Announcement Date	10/02/22	28/04/22	28/07/22	27/10/22	16/02/23	05/05/23	03/08/23	02/11/23	15/02/24	02/05/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,250	3,052	2,954	-	-	-	-	27.3
Net Cash position ¹	-	-	-	245	538	255	185	-
Leverage (Debt/EBITDA)	1.578 x	-3.24 x	6.71 x	-	-	-	-	0.0236 x
Free Cash Flow ¹	185	-1,025	81.6	3,761	165	450	528	562
ROE (net income / shareholders' equity)	3.82%	-60.7%	-16.9%	83.9%	37.5%	12.2%	8.44%	5.32%
ROA (Net income/ Total Assets)	1.28%	-14.5%	-2.73%	23.5%	10.6%	5.2%	4.7%	-
Assets ¹	25,041	9,614	-8,459	12,227	20,239	15,458	12,725	-
Book Value Per Share ²	25.40	13.70	16.00	37.80	53.90	58.70	63.60	69.30
Cash Flow per Share ²	7.660	-5.280	3.890	37.60	10.30	12.50	11.40	12.50
Capex ¹	405	393	396	1,011	1,174	836	814	784
Capex / Sales	1.65%	2.6%	1.45%	2.16%	3.06%	2.31%	2.36%	2.43%
Announcement Date	13/02/20	11/02/21	10/02/22	16/02/23	15/02/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for PBF Energy Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

51.86 USD

Average target price

57.23 USD

Spread / Average Target

+10.36%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Oil & Gas Refining and Marketing

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