PHILLIPS 66 (PSX)
US7185461040 - Common Stock
Overall PSX gets a fundamental rating of 3 out of 10. We evaluated PSX against 204 industry peers in the Oil, Gas & Consumable Fuels industry. PSX has an average financial health and profitability rating. PSX has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
PSX had positive earnings in the past year.
In the past year PSX had a positive cash flow from operations.
PSX had positive earnings in 4 of the past 5 years.
In the past 5 years PSX always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.47%, PSX is in line with its industry, outperforming 42.86% of the companies in the same industry.
PSX has a Return On Equity (11.69%) which is in line with its industry peers.
PSX's Return On Invested Capital of 4.35% is on the low side compared to the rest of the industry. PSX is outperformed by 67.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PSX is significantly below the industry average of 22.54%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.47% | ||
| ROE | 11.69% | ||
| ROIC | 4.35% |
ROA(3y)8.68%
ROA(5y)4.8%
ROE(3y)22.35%
ROE(5y)11.68%
ROIC(3y)7.85%
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 2.27%, PSX is doing worse than 70.44% of the companies in the same industry.
PSX's Profit Margin has been stable in the last couple of years.
With a Operating Margin value of 2.26%, PSX is not doing good in the industry: 80.30% of the companies in the same industry are doing better.
PSX's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 9.94%, PSX is not doing good in the industry: 73.89% of the companies in the same industry are doing better.
PSX's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.26% | ||
| PM (TTM) | 2.27% | ||
| GM | 9.94% |
OM growth 3YN/A
OM growth 5Y4.56%
PM growth 3YN/A
PM growth 5Y-1.1%
GM growth 3Y9.37%
GM growth 5Y1.89%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), PSX is creating some value.
Compared to 1 year ago, PSX has less shares outstanding
Compared to 5 years ago, PSX has less shares outstanding
The debt/assets ratio for PSX is higher compared to a year ago.
2.2 Solvency
PSX has an Altman-Z score of 3.45. This indicates that PSX is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.45, PSX is in the better half of the industry, outperforming 79.31% of the companies in the same industry.
PSX has a debt to FCF ratio of 6.26. This is a slightly negative value and a sign of low solvency as PSX would need 6.26 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 6.26, PSX is in line with its industry, outperforming 54.19% of the companies in the same industry.
PSX has a Debt/Equity ratio of 0.64. This is a neutral value indicating PSX is somewhat dependend on debt financing.
PSX's Debt to Equity ratio of 0.64 is on the low side compared to the rest of the industry. PSX is outperformed by 62.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | 6.26 | ||
| Altman-Z | 3.45 |
ROIC/WACC0.57
WACC7.67%
2.3 Liquidity
PSX has a Current Ratio of 1.21. This is a normal value and indicates that PSX is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.21, PSX perfoms like the industry average, outperforming 48.77% of the companies in the same industry.
A Quick Ratio of 0.83 indicates that PSX may have some problems paying its short term obligations.
PSX has a worse Quick ratio (0.83) than 63.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.21 | ||
| Quick Ratio | 0.83 |
3. Growth
3.1 Past
The earnings per share for PSX have decreased strongly by -44.11% in the last year.
PSX shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 5.99% yearly.
Looking at the last year, PSX shows a decrease in Revenue. The Revenue has decreased by -1.12% in the last year.
PSX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.78% yearly.
EPS 1Y (TTM)-44.11%
EPS 3YN/A
EPS 5Y5.99%
EPS Q2Q%-55.94%
Revenue 1Y (TTM)-1.12%
Revenue growth 3Y31.97%
Revenue growth 5Y5.78%
Sales Q2Q%-10.31%
3.2 Future
The Earnings Per Share is expected to decrease by -0.65% on average over the next years.
Based on estimates for the next years, PSX will show a decrease in Revenue. The Revenue will decrease by -5.34% on average per year.
EPS Next Y-51.28%
EPS Next 2Y-21.3%
EPS Next 3Y-6.23%
EPS Next 5Y-0.65%
Revenue Next Year-2.33%
Revenue Next 2Y-4.77%
Revenue Next 3Y-1.93%
Revenue Next 5Y-5.34%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
With a Price/Earnings ratio of 14.07, PSX is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of PSX is on the same level as its industry peers.
PSX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.96.
A Price/Forward Earnings ratio of 13.43 indicates a correct valuation of PSX.
PSX's Price/Forward Earnings is on the same level as the industry average.
PSX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.82, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.07 | ||
| Fwd PE | 13.43 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, PSX is valued a bit more expensive than the industry average as 69.46% of the companies are valued more cheaply.
PSX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.98 | ||
| EV/EBITDA | 13.45 |
4.3 Compensation for Growth
A cheap valuation may be justified as PSX's earnings are expected to decrease with -6.23% in the coming years.
PEG (NY)N/A
PEG (5Y)2.35
EPS Next 2Y-21.3%
EPS Next 3Y-6.23%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 3.55%, PSX has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 6.45, PSX has a dividend in line with its industry peers.
PSX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.23.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.55% |
5.2 History
On average, the dividend of PSX grows each year by 6.97%, which is quite nice.
PSX has been paying a dividend for at least 10 years, so it has a reliable track record.
PSX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)6.97%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
55.60% of the earnings are spent on dividend by PSX. This is a bit on the high side, but may be sustainable.
PSX's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP55.6%
EPS Next 2Y-21.3%
EPS Next 3Y-6.23%
PHILLIPS 66
NYSE:PSX (11/21/2024, 8:04:00 PM)
After market: 131.2 -0.21 (-0.16%)131.41
-0.04 (-0.03%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap54.27B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.55% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.07 | ||
| Fwd PE | 13.43 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)2.35
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.47% | ||
| ROE | 11.69% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 2.26% | ||
| PM (TTM) | 2.27% | ||
| GM | 9.94% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.97
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.64 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.21 | ||
| Quick Ratio | 0.83 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-44.11%
EPS 3YN/A
EPS 5Y
EPS Q2Q%
EPS Next Y-51.28%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-1.12%
Revenue growth 3Y31.97%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y