PAR PACIFIC HOLDINGS INC (PARR) Stock Fundamental Analysis
NYSE:PARR - New York Stock Exchange, Inc. - US69888T2078 - Common Stock - Currency: USD
We assign a fundamental rating of 3 out of 10 to PARR. PARR was compared to 212 industry peers in the Oil, Gas & Consumable Fuels industry. PARR may be in some trouble as it scores bad on both profitability and health. While showing a medium growth rate, PARR is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
PARR had positive earnings in the past year.
PARR had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: PARR reported negative net income in multiple years.
The reported operating cash flow has been mixed in the past 5 years: PARR reported negative operating cash flow in multiple years.
1.2 Ratios
PARR has a Return On Assets of -0.87%. This is in the lower half of the industry: PARR underperforms 71.70% of its industry peers.
PARR's Return On Equity of -2.80% is on the low side compared to the rest of the industry. PARR is outperformed by 70.75% of its industry peers.
The Return On Invested Capital of PARR (1.40%) is worse than 74.06% of its industry peers.
PARR had an Average Return On Invested Capital over the past 3 years of 16.13%. This is significantly below the industry average of 27.42%.
The 3 year average ROIC (16.13%) for PARR is well above the current ROIC(1.40%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.87% | ||
| ROE | -2.8% | ||
| ROIC | 1.4% |
ROA(3y)9.7%
ROA(5y)1.35%
ROE(3y)36.09%
ROE(5y)-17.68%
ROIC(3y)16.13%
ROIC(5y)N/A
1.3 Margins
The Operating Margin of PARR (0.61%) is worse than 76.89% of its industry peers.
PARR's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 3.62%, PARR is doing worse than 79.25% of the companies in the same industry.
In the last couple of years the Gross Margin of PARR has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.61% | ||
| PM (TTM) | N/A | ||
| GM | 3.62% |
OM growth 3YN/A
OM growth 5Y-23.77%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y33.41%
GM growth 5Y-5.53%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so PARR is still creating some value.
PARR has less shares outstanding than it did 1 year ago.
The number of shares outstanding for PARR has been increased compared to 5 years ago.
The debt/assets ratio for PARR is higher compared to a year ago.
2.2 Solvency
PARR has an Altman-Z score of 2.61. This is not the best score and indicates that PARR is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.61, PARR is in the better half of the industry, outperforming 78.30% of the companies in the same industry.
A Debt/Equity ratio of 0.94 indicates that PARR is somewhat dependend on debt financing.
PARR has a worse Debt to Equity ratio (0.94) than 69.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.61 |
ROIC/WACC0.14
WACC10.4%
2.3 Liquidity
A Current Ratio of 1.62 indicates that PARR should not have too much problems paying its short term obligations.
PARR's Current ratio of 1.62 is fine compared to the rest of the industry. PARR outperforms 68.40% of its industry peers.
A Quick Ratio of 0.62 indicates that PARR may have some problems paying its short term obligations.
PARR has a worse Quick ratio (0.62) than 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.62 | ||
| Quick Ratio | 0.62 |
3. Growth
3.1 Past
PARR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -96.47%.
Measured over the past years, PARR shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -30.04% on average per year.
PARR shows a decrease in Revenue. In the last year, the revenue decreased by -3.13%.
The Revenue has been growing by 8.10% on average over the past years. This is quite good.
EPS 1Y (TTM)-96.47%
EPS 3YN/A
EPS 5Y-30.04%
EPS Q2Q%-173.15%
Revenue 1Y (TTM)-3.13%
Revenue growth 3Y19.19%
Revenue growth 5Y8.1%
Sales Q2Q%-16.09%
3.2 Future
The Earnings Per Share is expected to grow by 89.03% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 0.49% on average over the next years.
EPS Next Y205.41%
EPS Next 2Y208.58%
EPS Next 3Y111.11%
EPS Next 5Y89.03%
Revenue Next Year-12.13%
Revenue Next 2Y-7.55%
Revenue Next 3Y0.49%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 45.41 indicates a quite expensive valuation of PARR.
67.45% of the companies in the same industry are cheaper than PARR, based on the Price/Earnings ratio.
PARR's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.29.
A Price/Forward Earnings ratio of 14.87 indicates a correct valuation of PARR.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PARR is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.08, PARR is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.41 | ||
| Fwd PE | 14.87 |
4.2 Price Multiples
PARR's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.16 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PARR's earnings are expected to grow with 111.11% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.22
PEG (5Y)N/A
EPS Next 2Y208.58%
EPS Next 3Y111.11%
5. Dividend
5.1 Amount
No dividends for PARR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
13.17
+0.6 (+4.77%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners96.3%
Inst Owner Change0%
Ins Owners2.44%
Ins Owner Change0.76%
Market Cap715.79M
Analysts77.14
Price Target20.4 (54.9%)
Short Float %8.74%
Short Ratio3.74
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-14.89%
Min EPS beat(2)-54.22%
Max EPS beat(2)24.44%
EPS beat(4)2
Avg EPS beat(4)31.88%
Min EPS beat(4)-54.22%
Max EPS beat(4)182.35%
EPS beat(8)4
Avg EPS beat(8)22.55%
EPS beat(12)7
Avg EPS beat(12)21.32%
EPS beat(16)8
Avg EPS beat(16)11.6%
Revenue beat(2)2
Avg Revenue beat(2)8.89%
Min Revenue beat(2)6.46%
Max Revenue beat(2)11.32%
Revenue beat(4)4
Avg Revenue beat(4)7.17%
Min Revenue beat(4)2.32%
Max Revenue beat(4)11.32%
Revenue beat(8)7
Avg Revenue beat(8)7.5%
Revenue beat(12)11
Avg Revenue beat(12)8.7%
Revenue beat(16)14
Avg Revenue beat(16)7.76%
PT rev (1m)-6.25%
PT rev (3m)-8.4%
EPS NQ rev (1m)12.06%
EPS NQ rev (3m)-63.11%
EPS NY rev (1m)-30.61%
EPS NY rev (3m)-60.46%
Revenue NQ rev (1m)2.46%
Revenue NQ rev (3m)10.18%
Revenue NY rev (1m)7.34%
Revenue NY rev (3m)5.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.41 | ||
| Fwd PE | 14.87 | ||
| P/S | 0.09 | ||
| P/FCF | N/A | ||
| P/OCF | 8.54 | ||
| P/B | 0.6 | ||
| P/tB | 0.68 | ||
| EV/EBITDA | 9.16 |
EPS(TTM)0.29
EY2.2%
EPS(NY)0.89
Fwd EY6.73%
FCF(TTM)-0.95
FCFYN/A
OCF(TTM)1.54
OCFY11.7%
SpS146.72
BVpS21.92
TBVpS19.37
PEG (NY)0.22
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.87% | ||
| ROE | -2.8% | ||
| ROCE | 1.78% | ||
| ROIC | 1.4% | ||
| ROICexc | 1.51% | ||
| ROICexgc | 1.6% | ||
| OM | 0.61% | ||
| PM (TTM) | N/A | ||
| GM | 3.62% | ||
| FCFM | N/A |
ROA(3y)9.7%
ROA(5y)1.35%
ROE(3y)36.09%
ROE(5y)-17.68%
ROIC(3y)16.13%
ROIC(5y)N/A
ROICexc(3y)21.09%
ROICexc(5y)N/A
ROICexgc(3y)23.72%
ROICexgc(5y)N/A
ROCE(3y)20.42%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-26.87%
ROICexc growth 3YN/A
ROICexc growth 5Y-25.45%
OM growth 3YN/A
OM growth 5Y-23.77%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y33.41%
GM growth 5Y-5.53%
F-Score4
Asset Turnover2.08
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 6.21 | ||
| Cap/Depr | 103% | ||
| Cap/Sales | 1.7% | ||
| Interest Coverage | 0.72 | ||
| Cash Conversion | 46.5% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.62 | ||
| Quick Ratio | 0.62 | ||
| Altman-Z | 2.61 |
F-Score4
WACC10.4%
ROIC/WACC0.14
Cap/Depr(3y)74.92%
Cap/Depr(5y)65.33%
Cap/Sales(3y)1.14%
Cap/Sales(5y)1.22%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-96.47%
EPS 3YN/A
EPS 5Y-30.04%
EPS Q2Q%-173.15%
EPS Next Y205.41%
EPS Next 2Y208.58%
EPS Next 3Y111.11%
EPS Next 5Y89.03%
Revenue 1Y (TTM)-3.13%
Revenue growth 3Y19.19%
Revenue growth 5Y8.1%
Sales Q2Q%-16.09%
Revenue Next Year-12.13%
Revenue Next 2Y-7.55%
Revenue Next 3Y0.49%
Revenue Next 5YN/A
EBIT growth 1Y-92.94%
EBIT growth 3YN/A
EBIT growth 5Y-17.6%
EBIT Next Year134.46%
EBIT Next 3Y50.79%
EBIT Next 5Y42.84%
FCF growth 1Y-110.42%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-85.53%
OCF growth 3YN/A
OCF growth 5Y-4.52%