PBF Logistics LP Common Units representing limited partner interests (PBFX) Company Bio
PBF Logistics LP acquires, develops, and operates crude oil and refined petroleum products terminals, pipelines, storage facilities, and other logistics assets in the United States. It operates through two segments, Terminaling and Storage. The company was founded in 2012 and is based in Parsippany, New Jersey.
PBFX Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for PBF Logistics LP. To summarize, we found that PBF Logistics LP ranked in the 95th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 5427%. The most interesting components of our discounted cash flow analysis for PBF Logistics LP ended up being:
40% of the company's capital comes from equity, which is greater than only 22.39% of stocks in our cash flow based forecasting set.
PBF Logistics LP's weighted average cost of capital (WACC) is 6%; for context, that number is higher than merely 7.23% of tickers in our DCF set.
As a business, PBF Logistics LP experienced a tax rate of about 0% over the past twelve months; relative to its sector (Energy), this tax rate is higher than merely 0% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
DNR, GPP, ENB, SHLX, and TALO can be thought of as valuation peers to PBFX, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.
Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® MLP High Income Index (the "Index") as part of normal index operations. After the markets close on July 10, 2020, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on July 13, 2020:
Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® MLP High Income Index (the "Index") as part of normal index operations. After the markets close on July 10, 2020, the 30 constituents of the Index will be rebalanced, and the following changes will become effective on July 12, 2020:
Introduction Following the coronavirus wreaking havoc across the global economy throughout the first half of 2020, PBF Logistics (PBFX) took the same course of action as many others and reduced their distributions by 42%. Despite this, they still offer a highly desirable distribution yield of almost 13%, and importantly, they...