Par Pacific Holdings, Inc.

Energy
Oil & Gas Production
www.parpacific.com

Earnings Score
Moat Score
Safety Score

Market Cap $895.57M
PE 3
Debt $1.06B
Cash $183.32M
EV $1.77B
FCF -$19.47M

Earnings

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Sales & Net Margins

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Earnings	$311.70M
EBIT	$269.89M
ROE	25%
ROA	7%
FCF	-$19.47M
Equity	$1.25B
Growth Stability	-813%
PE	2.87
PEG	0.08
PB	0.71
P/FCF	-46
P/S	0.11
Price/Cash	0.2
Debt/Equity	0.85
Debt/FCF	-54.5
Net Margins	0%
Gross Margins	13%
Op. Margins	3%
Earnings CAGR	18%
Sales Growth YoY	-17%
Sales Growth QoQ	6%
Sales CAGR	20%
FCF CAGR	10%
Equity CAGR	10%
Earnings Stability	0.2
Earnings Growth YoY	-96%
Earnings Growth QoQ	-60%

Earnings CAGR 5Y	37%
Sales CAGR 5Y	21%
FCF CAGR 5Y	37%
Equity CAGR 5Y	40%
Earnings CAGR 3Y	23%
Sales CAGR 3Y	23%
FCF CAGR 3Y	-12%
Equity CAGR 3Y	115%
Market Cap	$895.57M
Revenue	$8.33B
Assets	$3.85B
Total Debt	$1.06B
Cash	$183.32M
Shares Outstanding	55.73M
EV	1.77B
Earnings Score	11%
Moat Score	73%
Safety Score	38%
Final Score	41%
Working Capital	721.53M
Current Ratio	1.69
Gross Profit	$1.10B
Shares Growth 3y	-1%
Equity Growth QoQ	-1%
Equity Growth YoY	17%

Assets & ROA

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Stockholders Equity & ROE

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Par Pacific Holdings Inc is an oil and gas company that manages and maintains interests in energy and infrastructure businesses. The company has three reportable segments namely Refining, Under its refining business, the company produces ultra-low-sulfur diesel, gasoline, jet fuel, marine fuel, LSFO, and other associated refined products. Its Retail includes operation licenses out brands to serve the retail consumer. Through the Logistics segment, crude shipments are delivered to the refinery, in addition to finished products that are exported. It generates maximum revenue from the Refining segment.

SEC Filings

Direct access to Par Pacific Holdings, Inc. (PARR) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Par Pacific Holdings, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Par Pacific Holdings, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 18%

Stability 20%

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Par Pacific Holdings, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Par Pacific Holdings, Inc..

Years

Calculation mode

= -$398M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$19M	-$21M	-$24M	-$26M	-$29M	-$32M	-$35M	-$39M	-$43M	-$47M	-$52M	-$519M
DCF		-$20M	-$20M	-$20M	-$20M	-$20M	-$20M	-$20M	-$20M	-$20M	-$20M	-$200M
Value	-$398M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-2%	-2%	-2%	3%	1%	1%	-13%	-2%	5%	9%	0%
ROA	-	7%	-1%	7%	6%	5%	-15%	-0%	13%	18%	7%
ROE	-	-12%	-12%	16%	8%	6%	-166%	-31%	57%	55%	25%

Bad Net Margins (0.36%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	1.65	-8.63	5.55	9.87	29.8	-7.86	-10.34	1.32	1.35	-54.5
Debt over Equity	0.58	0.53	1.14	0.93	0.81	1	3.21	2.22	0.82	0.5	0.85
Growth Stability	-	-	-	-	-	100%	-813%	-	-	-	-813%

Good Debt/FCF ratio (-54.5)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.85)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-813%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-34%	-10%	31%	40%	58%	-42%	51%	55%	12%	21%
Earnings YoY growth	-	-15%	15%	-257%	-46%	4%	-1K%	-80%	-548%	100%	37%
Equity YoY growth	-	17%	8%	21%	14%	27%	-62%	8%	143%	107%	40%
FCF YoY growth	-	-260%	-144%	-253%	-44%	-49%	-564%	-43%	-799%	24%	37%