PAR PACIFIC HOLDINGS INC (PARR) Stock Fundamental Analysis
NYSE:PARR - New York Stock Exchange, Inc. - US69888T2078 - Common Stock - Currency: USD
Taking everything into account, PARR scores 2 out of 10 in our fundamental rating. PARR was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and financial health of PARR have multiple concerns. PARR is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year PARR has reported negative net income.
PARR had a positive operating cash flow in the past year.
In multiple years PARR reported negative net income over the last 5 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's Return On Assets of -1.60% is on the low side compared to the rest of the industry. PARR is outperformed by 71.90% of its industry peers.
PARR has a Return On Equity of -5.39%. This is in the lower half of the industry: PARR underperforms 70.48% of its industry peers.
The Return On Invested Capital of PARR (0.69%) is worse than 73.81% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for PARR is significantly below the industry average of 23.80%.
The last Return On Invested Capital (0.69%) for PARR is well below the 3 year average (16.13%), which needs to be investigated, but indicates that PARR had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.6% | ||
| ROE | -5.39% | ||
| ROIC | 0.69% |
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
PARR's Operating Margin of 0.30% is on the low side compared to the rest of the industry. PARR is outperformed by 75.71% of its industry peers.
In the last couple of years the Operating Margin of PARR has declined.
The Gross Margin of PARR (3.24%) is worse than 76.19% of its industry peers.
PARR's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.3% | ||
| PM (TTM) | N/A | ||
| GM | 3.24% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), PARR is creating some value.
The number of shares outstanding for PARR has been reduced compared to 1 year ago.
PARR has more shares outstanding than it did 5 years ago.
The debt/assets ratio for PARR is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.75 indicates that PARR is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of PARR (2.75) is better than 78.57% of its industry peers.
PARR has a Debt/Equity ratio of 1.04. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.04, PARR is not doing good in the industry: 69.05% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.75 |
ROIC/WACC0.07
WACC9.46%
2.3 Liquidity
A Current Ratio of 1.56 indicates that PARR should not have too much problems paying its short term obligations.
With a decent Current ratio value of 1.56, PARR is doing good in the industry, outperforming 69.52% of the companies in the same industry.
A Quick Ratio of 0.54 indicates that PARR may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.54, PARR is doing worse than 78.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.56 | ||
| Quick Ratio | 0.54 |
3. Growth
3.1 Past
The earnings per share for PARR have decreased strongly by -120.15% in the last year.
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.
The Revenue has decreased by -9.25% in the past year.
Measured over the past years, PARR shows a quite strong growth in Revenue. The Revenue has been growing by 8.10% on average per year.
EPS 1Y (TTM)-120.15%
EPS 3YN/A
EPS 5Y-30.04%
EPS Q2Q%-236.23%
Revenue 1Y (TTM)-9.25%
Revenue growth 3Y19.19%
Revenue growth 5Y8.1%
Sales Q2Q%-11.9%
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
Based on estimates for the next years, PARR will show a decrease in Revenue. The Revenue will decrease by -5.20% on average per year.
EPS Next Y427.59%
EPS Next 2Y230%
EPS Next 3Y117.17%
EPS Next 5Y89.03%
Revenue Next Year-15.61%
Revenue Next 2Y-9.18%
Revenue Next 3Y-5.2%
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
The Price/Earnings Ratio is negative for PARR. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 10.93, the valuation of PARR can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PARR indicates a somewhat cheap valuation: PARR is cheaper than 63.81% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of PARR to the average of the S&P500 Index (35.33), we can say PARR is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 10.93 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PARR is valued a bit more expensive than the industry average as 67.14% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.59 |
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.
A more expensive valuation may be justified as PARR's earnings are expected to grow with 117.17% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y230%
EPS Next 3Y117.17%
5. Dividend
5.1 Amount
No dividends for PARR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
34.52
+0.29 (+0.85%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners100.13%
Inst Owner Change0%
Ins Owners2.91%
Ins Owner Change0.77%
Market Cap1.78B
Analysts75.71
Price Target22.95 (-33.52%)
Short Float %5.79%
Short Ratio1.94
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)-1.87%
Min EPS beat(2)-26.18%
Max EPS beat(2)22.44%
EPS beat(4)2
Avg EPS beat(4)31.1%
Min EPS beat(4)-54.22%
Max EPS beat(4)182.35%
EPS beat(8)3
Avg EPS beat(8)17.35%
EPS beat(12)7
Avg EPS beat(12)22.7%
EPS beat(16)8
Avg EPS beat(16)10.23%
Revenue beat(2)2
Avg Revenue beat(2)7.9%
Min Revenue beat(2)6.46%
Max Revenue beat(2)9.34%
Revenue beat(4)4
Avg Revenue beat(4)8.92%
Min Revenue beat(4)6.46%
Max Revenue beat(4)11.32%
Revenue beat(8)7
Avg Revenue beat(8)7.16%
Revenue beat(12)11
Avg Revenue beat(12)9.42%
Revenue beat(16)15
Avg Revenue beat(16)8.54%
PT rev (1m)8.22%
PT rev (3m)12.5%
EPS NQ rev (1m)49.17%
EPS NQ rev (3m)389.17%
EPS NY rev (1m)1660.56%
EPS NY rev (3m)72.75%
Revenue NQ rev (1m)0.62%
Revenue NQ rev (3m)-6.79%
Revenue NY rev (1m)0.15%
Revenue NY rev (3m)-3.96%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 10.93 | ||
| P/S | 0.23 | ||
| P/FCF | N/A | ||
| P/OCF | 31.27 | ||
| P/B | 1.6 | ||
| P/tB | 1.83 | ||
| EV/EBITDA | 17.59 |
EPS(TTM)-1.34
EYN/A
EPS(NY)3.16
Fwd EY9.15%
FCF(TTM)-1.88
FCFYN/A
OCF(TTM)1.1
OCFY3.2%
SpS150.03
BVpS21.56
TBVpS18.87
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.6% | ||
| ROE | -5.39% | ||
| ROCE | 0.87% | ||
| ROIC | 0.69% | ||
| ROICexc | 0.72% | ||
| ROICexgc | 0.76% | ||
| OM | 0.3% | ||
| PM (TTM) | N/A | ||
| GM | 3.24% | ||
| 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 Turnover2.06
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 7.29 | ||
| Cap/Depr | 113.51% | ||
| Cap/Sales | 1.99% | ||
| Interest Coverage | 0.33 | ||
| Cash Conversion | 35.79% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.56 | ||
| Quick Ratio | 0.54 | ||
| Altman-Z | 2.75 |
F-Score4
WACC9.46%
ROIC/WACC0.07
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)-120.15%
EPS 3YN/A
EPS 5Y-30.04%
EPS Q2Q%-236.23%
EPS Next Y427.59%
EPS Next 2Y230%
EPS Next 3Y117.17%
EPS Next 5Y89.03%
Revenue 1Y (TTM)-9.25%
Revenue growth 3Y19.19%
Revenue growth 5Y8.1%
Sales Q2Q%-11.9%
Revenue Next Year-15.61%
Revenue Next 2Y-9.18%
Revenue Next 3Y-5.2%
Revenue Next 5YN/A
EBIT growth 1Y-94.48%
EBIT growth 3YN/A
EBIT growth 5Y-17.6%
EBIT Next Year158.95%
EBIT Next 3Y46.5%
EBIT Next 5Y42.84%
FCF growth 1Y-117.63%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-90.5%
OCF growth 3YN/A
OCF growth 5Y-4.52%