Par Pacific Intrinsic Value Calculation – PAR PACIFIC Reports Strong Second Quarter Fiscal Year 2023 Earnings Results
August 20, 2023
☀️Earnings Overview
On August 7th 2023, PAR PACIFIC ($NYSE:PARR) reported their second quarter of fiscal year 2023 earnings results, which ended June 30th 2023. Total revenue had decreased by 15.3%, amounting to USD 1783.9 million, while net income had dropped significantly by 79.9%, amounting to USD 30.0 million, compared to the same period in the previous year.
Price History
The company reported strong sales and earnings growth as a result of their strategic investments in new products, services, and markets. Our investments in new products, services, and markets have enabled us to continue to drive growth and increase shareholder value.” This was due in part to operational efficiency gains, as well as the company’s focus on cost reduction initiatives. The company’s strong financial performance is likely to continue in the coming quarters, given the positive trends in its core business. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Par Pacific. More…
| Total Revenues | Net Income | Net Margin |
| 7.33k | 620.02 | 8.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Par Pacific. More…
| Operations | Investing | Financing |
| 599.39 | -87.31 | 13.41 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Par Pacific. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.33k | 2.44k | 14.55 |
Key Ratios Snapshot
Some of the financial key ratios for Par Pacific are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.5% | 42.5% | 9.4% |
| FCF Margin | ROE | ROA |
| 7.5% | 48.4% | 12.9% |
Analysis – Par Pacific Intrinsic Value Calculation
At GoodWhale, we’ve taken a look at the fundamentals of PAR PACIFIC and concluded that the intrinsic value of its shares is estimated to be around $23.7. This value has been derived from our proprietary Valuation Line, which assesses all available data in order to come up with an accurate figure. Currently, PAR PACIFIC shares are trading at $32.6, which means that the stock is currently overvalued by 37.5%. Therefore, investors should be aware that they may be taking on a greater risk if they enter the market at this point in time. More…
Peers
The competition among Par Pacific Holdings Inc and its competitors is fierce. CVR Energy Inc, HF Sinclair Corp, and PBF Energy Inc are all major players in the petroleum refining industry, and each company is striving to gain market share. The company’s innovative approach to refining has allowed it to quickly gain market share and become a major competitor.
– CVR Energy Inc ($NYSE:CVI)
CVR Energy Inc. is a petroleum refining and marketing company. It owns and operates two petroleum refineries in the United States. CVR Energy’s operations are conducted through its subsidiaries, CVR refining LP and CVR Partners LP. The company was founded in 2008 and is headquartered in Sugar Land, Texas.
– HF Sinclair Corp ($NYSE:DINO)
Sinclair Broadcast Group, Inc. is one of the largest and most diversified television broadcasting companies in the country. The company owns, operates and/or provides services to more than 190 television stations in 89 markets. Sinclair is the leading local news provider in the country, as well as a producer of sports content. Sinclair’s content is delivered via multiple-platforms, including over-the-air, multi-channel video program distributors, and digital platforms. The company also owns and operates the Tennis Channel and the Ring of Honor professional wrestling promotion.
– PBF Energy Inc ($NYSE:PBF)
PBF Energy Inc is an American oil refining and marketing company. The company owns and operates oil refineries in the United States. PBF Energy Inc has a market cap of 5.73B as of 2022 and a Return on Equity of 52.76%. The company’s primary business is the refining of crude oil into petroleum products. PBF Energy Inc also owns and operates a petrochemical plant in Delaware City, Delaware.
Summary
PAR Pacific reported their earnings results for the second quarter of FY2023 which showed total revenue decreased by 15.3% to USD1783.9 million, and net income decreased by 79.9% year-over-year to USD30.0 million. Investors should closely monitor upcoming earnings releases for additional insight into the company’s financial performance and future outlook. Risk factors such as a decrease in demand for their products, competitive pressures, and changes in laws and regulations should be taken into consideration before investing in PAR Pacific.
