Pacific Ethanol is the leading producer and marketer of low-carbon renewable fuels in the Western United States. The company also markets and distributes ethanol and co-products domestically and internationally. The company was founded in 2003 and is based in Sacramento, California.
PEIX Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Alto Ingredients Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Alto Ingredients Inc ranked in the 52th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. The most interesting components of our discounted cash flow analysis for Alto Ingredients Inc ended up being:
The stock's equity weight, or the proportion of capital from equity relative to debt, is 69. Notably, its equity weight is greater than 72.8% of US equities in the Energy sector yielding a positive free cash flow.
Alto Ingredients Inc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than merely 23.28% of US stocks with positive free cash flow.
Alto Ingredients Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -0.86. This coverage rate is greater than that of just 21.04% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
EPD, TRGP, DLNG, IMO, and FGPRQ can be thought of as valuation peers to PEIX, in the sense that they are in the Energy sector and have a similar price forecast based on DCF valuation.
Pacific Ethanol (PEIX) changed its name to Alto Ingredients, effective Jan.12, 2021; name change will reflect on the Nasdaq on Jan.14, 2021 and stock will begin trading under the new symbol 'ALTO' commencing Feb.1, 2021."We are capitalizing on our unique capability to manufacture high-grade alcohols for the food, beverage, health,...
Shares of Pacific Ethanol (NASDAQ: PEIX) are rocking Wednesday, up 14.5% at 11:45 a.m. EST. This morning, Pacific Ethanol announced that effective yesterday, it has changed its corporate name to Alto Ingredients. Most financial data providers haven't clued into the switch just yet (or they're waiting until tomorrow, when the Nasdaq is supposed to officially change its reporting data), but investors still seem pretty excited about it already.
Corporate rebrand reflects enhanced focus on specialty alcohols and essential ingredients SACRAMENTO, Calif., Jan. 13, 2021 (GLOBE NEWSWIRE) -- Pacific Ethanol, Inc. (NASDAQ: PEIX), a leading producer of specialty alcohols and essential ingredients, has changed its corporate name to Alto Ingredients, Inc., effective January 12, 2021. The company’s name change will be reflected on The Nasdaq Stock Market on January 14, 2021, and the company’s stock will begin trading under a new ticker symbol, ALTO, starting February 1, 2021.CEO Mike Kandris said, “We have chosen our new corporate name and brand to represent our many high-quality products, which our customers incorporate into a range of vital finished goods that touch people’s everyday lives, from cleaning solutions to pharmaceuticals. ...
Shares of Pacific Ethanol (NASDAQ: PEIX) have shot up 857% so far in 2020. Ethanol is a renewable fuel that can be blended with gasoline to meet requirements under the Environmental Protection Agency's Renewable Fuel Standard or RFS. Excess production as well as high inventory levels pressured ethanol prices.
With the third-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the fourth quarter. One of these stocks was Pacific Ethanol Inc (NASDAQ:PEIX). Is PEIX a good stock to […]