Par Pacific Holdings, Inc. (PARR) stock analysis

P/E below its 5-year median

Par Pacific's P/E of 3.8 is below its own 5-year median of 4.1.

P/E below the industry

Par Pacific's P/E of 3.8 is below the Crude Petroleum and Natural Gas median of 10.3.

EV/EBITDA below its 5-year median

Par Pacific's EV/EBITDA of 2.4 is below its 5-year median of 4.5.

P/B above the industry

Par Pacific's price-to-book of 1.55 is above the Crude Petroleum and Natural Gas median of 1.38.

Trading below fair value

The share price of $72.03 is below our fair value estimate of $129.28.

Margin of safety over 20%

The price is 44.3% below fair value, more than the 20% cushion we look for.

Revenue growing under 10% a year

Revenue grew 0.6% a year over the last three fiscal years, short of the 10% we look for.

EPS growing under 10% a year

Diluted EPS grew 5.6% a year over the last three fiscal years.

Earnings acceleration

Needs positive net income now, a year ago and five years ago.

Growing faster than the industry

Revenue grew 29.1% over the last twelve months; the Crude Petroleum and Natural Gas median is 8.9%.

Company guidance

No outlook found in earnings releases from the last twelve months.

Gross margin improving

Gross margin was 22.2% over the last twelve months, against 16.0% a year earlier.

Return on equity over 15%

Return on equity was 50.9% over the last twelve months and averaged 29.3% over five years.

Return on capital over 10%

Return on invested capital was 45.4%, above the 10% that usually covers the cost of capital.

Return on equity above the industry

Par Pacific's return on equity of 50.9% is above the Crude Petroleum and Natural Gas median of 5.5%.

Earnings over 5 years

Needs positive net income five years ago and in the latest year.

Net margin above its 5-year average

Net margin was 9.8% over the last twelve months, against a 5-year average of 3.3%.

Net margin above the industry

Par Pacific's net margin of 9.8% is above the Crude Petroleum and Natural Gas median of 4.5%.

Low debt

Debt is 21.3% of shareholders' equity, under the 40% we consider low.

Debt falling against equity

Debt to equity fell from 288% five years ago to 21.3%.

Debt covered by cash flow

Operating cash flow over the last twelve months equals 237% of total debt.

Interest well covered

Operating income covers interest expense 23.4 times.

Short-term assets cover short-term debts

Current assets are 1.65 times current liabilities.

Low bankruptcy risk

The Altman Z-score is 4.09; above 3 is the safe zone and below 1.8 the distress zone.

No dividend

Par Pacific has not paid a dividend in the last twelve months.

Yield against Treasuries

No dividend.

Yield against the market

No dividend.

Dividend stability

No dividend.

Earnings cover

No dividend.

Cash-flow cover

No dividend.