PBF Energy (PBF) AI Stock Analysis

• Market Cap: $2.54B
• Dividend Yield: 4.9%
• Average Volume (3M): 3.14M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.09
• Revenue Growth: -18.73%
• EPS Growth: -236.79%
• Country: US
• Employees: 3,855
• Sector: Energy
• Sector Strength: 45
• Industry: Oil & Gas Refining & Marketing
• EPS (TTM): -1.03
• Shares Outstanding: 115,698,630
• 10 Day Avg. Volume: 4,001,601
• 30 Day Avg. Volume: 3,135,907
• PEG Ratio: 0.05
• Price to Book (P/B): 0.56
• Price to Sales (P/S): 0.09
• P/FCF Ratio: -8.88
• Enterprise Value/Market Cap: 2.06
• Enterprise Value/Revenue: 0.17
• Enterprise Value/Gross Profit: -4.86
• Enterprise Value/Ebitda: -10.16
• 1Y Price Target: $22.45
• Price Target Upside: -2.73% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 11

• Rating: 50 Neutral
• Price Target: $22.50 ▼(-2.51% Downside)

PBF Energy's stock score reflects significant financial challenges, particularly in profitability and cash flow, which are the most critical factors. The earnings call offers a balanced view with optimistic future prospects due to business improvement initiatives and market outlook. Technical analysis indicates potential consolidation, while valuation metrics are challenging but offer income through dividends.

Positive Factors

Margins and Refining

PBF Energy is optimistic that light/heavy spreads and West Coast tightness will support their margins.

Regulatory Environment

California regulators are adjusting their stance, which could benefit PBF amid past refinery closures.

Negative Factors

Cash Flow Concerns

There are concerns about PBF Energy's ability to generate positive mid-cycle cash flow.

Market Risks

Demand risk skews to the downside as China tariffs have yet to fully impact gasoline demand and freight in the US.

Operational Delays

PBF Energy has delayed the full restart of its Martinez units due to additional required repairs identified after demolition.

PBF Energy Business Overview & Revenue Model

Company 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. As of December 31, 2021, the company owned and operated six oil refineries and related assets. PBF Energy Inc. was founded in 2008 and is based in Parsippany, New Jersey.

How the Company Makes Money

PBF Energy generates revenue primarily through the refining and marketing of petroleum products. The company's key revenue streams include the sale of refined products such as gasoline, diesel, jet fuel, and other specialty products, which are sold to wholesalers, retailers, and commercial customers. Additionally, PBF earns income from its logistics operations, which support the transportation and storage of crude oil and refined products. The company's financial performance is influenced by factors such as refining margins, crude oil prices, and demand for transportation fuels. Strategic partnerships with suppliers and customers also play a role in enhancing operational efficiencies and optimizing revenue generation.

PBF Energy Financial Statement Overview

Summary

PBF Energy faces considerable financial challenges, notably in profitability and cash flow. The income statement reveals negative profit margins and a decline in revenue, indicating operational inefficiencies. The cash flow statement highlights liquidity issues, with negative free cash flow growth. The balance sheet shows moderate stability with a reasonable equity ratio but reflects financial stress due to recent losses.

Income Statement

PBF Energy's TTM (Trailing-Twelve-Months) income statement shows challenges in profitability with a negative gross profit margin of -3.2% and a net profit margin of -3.3%. Revenue has declined by 4.8% compared to the previous year, indicating a downward trend. The EBIT margin is also negative at -4.3%, suggesting operational inefficiencies. EBITDA margin is negative at -2.6%, further highlighting profitability concerns.

Balance Sheet

The balance sheet shows a moderate financial position with a debt-to-equity ratio of 0.60, indicating a balanced leverage. Return on equity (ROE) is negative at -20.4%, reflecting recent losses. The equity ratio stands at 39.3%, showing a reasonable level of equity financing. Overall, the balance sheet indicates stability but hints at financial stress due to recent losses.

Cash Flow

Cash flow analysis reveals significant challenges, with a negative free cash flow growth rate and an operating cash flow to net income ratio of 0.61, indicating cash flow issues. The free cash flow to net income ratio is -0.85, highlighting challenges in converting profit to cash. Overall, the cash flow statement reflects liquidity issues and cash management difficulties.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	30.28B	33.12B	38.32B	46.83B	27.25B	15.12B
Gross Profit	-1.07B	-372.20M	2.40B	4.68B	887.20M	―
EBITDA	-514.50M	-17.60M	3.52B	4.31B	1.11B	-510.00M
Net Income	-982.20M	-533.80M	2.14B	2.88B	231.00M	-1.39B
Balance Sheet
Total Assets	12.98B	12.70B	14.39B	13.55B	11.64B	10.50B
Cash, Cash Equivalents and Short-Term Investments	590.70M	536.10M	1.78B	2.20B	1.34B	1.61B
Total Debt	3.20B	2.31B	2.04B	2.64B	5.01B	5.58B
Total Liabilities	7.76B	7.02B	7.76B	8.49B	9.11B	8.30B
Stockholders Equity	5.09B	5.54B	6.49B	4.93B	1.93B	1.64B
Cash Flow
Free Cash Flow	-1.18B	-347.50M	678.90M	4.14B	228.20M	-827.80M
Operating Cash Flow	-867.70M	43.40M	1.34B	4.77B	477.30M	-631.60M
Investing Cash Flow	-795.20M	-1.04B	-338.60M	-1.01B	-388.50M	-1.03B
Financing Cash Flow	805.90M	-250.70M	-1.42B	-2.90B	-356.80M	2.45B

PBF Energy Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 23.08
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PBF, the sentiment is Negative. The current price of 23.08 is below the 20-day moving average (MA) of 23.59, above the 50-day MA of 22.95, and below the 200-day MA of 23.74, indicating a bearish trend. The MACD of -0.43 indicates Positive momentum. The RSI at 42.44 is Neutral, neither overbought nor oversold. The STOCH value of 17.72 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PBF.

PBF Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DINO	70 Outperform	$8.09B	35.13	-0.93%	4.44%	-14.58%	-107.50%
PSX	69 Neutral	$48.51B	28.89	6.00%	3.79%	-12.80%	-64.40%
Sector *	66 Neutral	$14.82B	8.14	6.06%	5.50%	4.59%	-64.35%
VLO	64 Neutral	$41.43B	55.31	3.07%	3.34%	-11.72%	-86.21%
MPC	63 Neutral	$48.37B	23.57	11.24%	2.20%	-10.03%	-64.63%
DK	51 Neutral	$1.27B	―	-200.75%	4.75%	-29.94%	-723.41%
PBF	50 Neutral	$2.54B	―	-17.30%	4.90%	-18.73%	-236.79%

PBF Energy Corporate Events

PBF Energy Announces Leadership Transition in 2025

On March 10, 2025, PBF Energy announced the transition of Thomas J. Nimbley from Executive Chairman to non-executive Chairman of the Board, effective July 1, 2025, following his retirement from the executive role on June 30, 2025. Nimbley, who has been pivotal in the company’s growth from a start-up to a major independent refiner, will continue to serve on the Board, assuming his re-election at the 2025 Annual Meeting of Stockholders. This transition reflects PBF Energy’s strategic leadership continuity and acknowledges Nimbley’s significant contributions to the company’s expansion and market positioning.