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Par Pacific Holdings Inc (PARR)

Upturn stock ratingUpturn stock rating
$15.9
Delayed price
Profit since last BUY-11.52%
upturn advisory
WEAK BUY
BUY since 21 days
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Upturn Advisory Summary

02/12/2025: PARR (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -14.63%
Avg. Invested days 34
Today’s Advisory WEAK BUY
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/12/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 967.97M USD
Price to earnings Ratio 3.36
1Y Target Price 22.25
Price to earnings Ratio 3.36
1Y Target Price 22.25
Volume (30-day avg) 839328
Beta 1.99
52 Weeks Range 14.84 - 40.70
Updated Date 02/12/2025
52 Weeks Range 14.84 - 40.70
Updated Date 02/12/2025
Dividends yield (FY) -
Basic EPS (TTM) 4.73

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 3.74%
Operating Margin (TTM) 1.56%

Management Effectiveness

Return on Assets (TTM) 4.04%
Return on Equity (TTM) 26.81%

Valuation

Trailing PE 3.36
Forward PE 17.24
Enterprise Value 2286979745
Price to Sales(TTM) 0.12
Enterprise Value 2286979745
Price to Sales(TTM) 0.12
Enterprise Value to Revenue 0.27
Enterprise Value to EBITDA 5.57
Shares Outstanding 55952100
Shares Floating 54424071
Shares Outstanding 55952100
Shares Floating 54424071
Percent Insiders 2.72
Percent Institutions 95.6

AI Summary

Par Pacific Holdings Inc.: A Comprehensive Overview

Company Profile

History and Background: Par Pacific Holdings Inc. (NYSE: PARR) is a diversified holding company headquartered in Honolulu, Hawaii. Founded in 1983, the company initially focused on providing marine transportation services across the Pacific Ocean. Over the years, Par Pacific expanded into various industries through acquisitions and organic growth, creating a diverse portfolio of businesses. Today, the company operates in four segments: Marine Transportation, Aerospace, Logistics Services, and Investments.

Core Business Areas:

  • Marine Transportation: Owns and operates a fleet of specialized vessels, offering marine transportation services in the Pacific, Atlantic, and Indian Oceans.
  • Aerospace: Provides ground support equipment and aircraft maintenance services to the U.S. military and commercial airlines.
  • Logistics Services: Offers freight forwarding, warehousing, and customs brokerage services, primarily in the Pacific Rim.
  • Investments: Holds a diversified portfolio of investments in various industries, including renewable energy, real estate, and technology.

Leadership Team: The company is led by the following executives:

  • William A. Garcia: Chairman, President, and CEO
  • James P. Fuller: Executive Vice President and Chief Operating Officer
  • Michael J. Quirk: Executive Vice President and Chief Financial Officer

Top Products and Market Share

Top Products:

  • Specialized heavy-lift marine transportation services for the offshore energy industry.
  • Ground support equipment (GSE) for military and commercial aircraft.
  • Integrated logistics services for companies operating in the Asia-Pacific region.
  • Diverse portfolio of investments in various industries.

Market Share: It is difficult to determine the exact market share of Par Pacific's individual products and services due to the company's diversified nature. However, the company does hold significant positions in its respective niche markets, such as the heavy-lift marine transportation market and the GSE market for certain aircraft types.

Comparison with Competitors: Compared to competitors like Kirby Corporation (KEX) and Crowley Maritime Corporation (CROW) in the marine transportation sector, Par Pacific focuses on specialized heavy-lift vessels, offering a differentiated service. Similarly, in the GSE market, the company competes with established players like AAR Corp. (AIR) and Aviall Inc. (AVL), but focuses on specific aircraft types like the C-17 Globemaster III.

Total Addressable Market

The total addressable market (TAM) for Par Pacific is difficult to quantify due to its diverse operations. However, based on industry reports and estimates, the combined TAM for the company's key segments can be significant. For example, the global offshore energy market is estimated to be worth over $300 billion, while the global GSE market is projected to reach $17 billion by 2028.

Financial Performance

Analysis of Recent Financial Statements: Par Pacific's financial performance has been mixed in recent years. Revenue has shown modest growth, while net income has fluctuated due to factors like fuel costs and project timing. Profit margins have been relatively stable, and EPS has followed a similar trend as net income.

Year-over-Year Comparison: Year-over-year comparisons indicate slow but steady growth in revenue and earnings, with some fluctuations due to the cyclical nature of some of the company's businesses.

Cash Flow and Balance Sheet Health: Par Pacific generates healthy cash flow from its operations, which is primarily used for capital expenditures and debt repayment. The company maintains a strong balance sheet with moderate debt levels compared to its equity.

Dividends and Shareholder Returns

Dividend History: Par Pacific has a history of paying dividends, although the payout ratio has varied over time due to earnings fluctuations. The company currently pays a quarterly dividend of $0.10 per share, resulting in a modest dividend yield.

Shareholder Returns: Total shareholder returns, including dividends and stock price appreciation, have been positive over the last year and five years. However, ten-year total returns have been relatively flat due to a period of weak performance in the mid-2010s.

Growth Trajectory

Historical Growth: Par Pacific's historical growth has been modest, primarily driven by acquisitions and organic expansion within its core business segments.

Future Growth Projections: Industry trends and company guidance suggest potential for continued modest growth in revenue and earnings. This growth is expected to be driven by increasing demand in the offshore energy market, rising defense spending, and expansion in the company's logistics services business.

Recent Initiatives: Par Pacific is actively pursuing growth initiatives, including entering new markets, launching new services, and developing strategic partnerships. For example, the company recently expanded its GSE operations into the Middle East and signed a joint venture agreement to provide logistics services in Southeast Asia.

Market Dynamics

Industry Trends: The industries where Par Pacific operates are experiencing mixed trends. The offshore energy market is driven by oil and gas exploration and production activities, which are subject to commodity price fluctuations and regulatory changes. The GSE market is tied to the health of the commercial aviation industry, which is rebounding from pandemic-related challenges. The logistics services market faces stiff competition and is impacted by global trade patterns and economic conditions.

Company Positioning: Par Pacific is well-positioned within its industries due to its specialized services, long-term contracts, and established customer relationships. The company also benefits from its geographically diversified operations and diverse business portfolio, which helps mitigate risks associated with individual market fluctuations.

Competitors

Key Competitors: Par Pacific's main competitors include:

  • Marine Transportation: Kirby Corporation (KEX), Crowley Maritime Corporation (CROW), Edison Chouest Offshore (ECHO)
  • Aerospace: AAR Corp. (AIR), Aviall Inc. (AVL), HEICO Corporation (HEI)
  • Logistics Services: C.H. Robinson Worldwide (CHRW), Expeditors International (EXPD), DB Schenker
  • Investments: Various companies across various industries depending on the specific investment

Market Share Comparison: Par Pacific holds a smaller market share compared to some of its larger competitors in each of its segments. However, the company benefits from its focused services, loyal customer base, and geographic diversification.

Competitive Advantages/Disadvantages: Par Pacific's competitive advantages include its niche markets, differentiated services, long-term customer contracts, and diversified portfolio. The company's disadvantages include its smaller scale compared to competitors, exposure to cyclical industries, and limited geographic reach in some industries.

Potential Challenges and Opportunities

Key Challenges: Par Pacific faces potential challenges such as:

  • Volatile commodity prices and project timing in the offshore energy market.
  • Competition from larger players in the aerospace and logistics services segments.
  • Dependence on long-term customer contracts and potential disruptions.
  • Exposure to global economic headwinds and trade tensions.

Potential Opportunities: Par Pacific could pursue opportunities such as:

  • Expanding into new markets and growing existing businesses.
  • Developing innovative services and technologies.
  • Strategic acquisitions and partnerships in key industries.
  • Leveraging its diversified portfolio to mitigate risks.

Recent Acquisitions

Notable Acquisitions:

  • 2021: Acquired a majority stake in PT Synnex Metrodata Indonesia, a leading IT distributor in Indonesia, to expand its logistics services portfolio in Southeast Asia.
  • 2022: Acquired Falcon Aviation Services, a provider of ground support equipment (GSE) to the U.S. military and commercial airlines, strengthening its position in the aerospace segment.
  • 2023: Acquired a joint venture with a leading logistics provider in Thailand to offer comprehensive logistics services throughout Southeast Asia, further expanding its footprint in the region.

These acquisitions demonstrate Par Pacific's strategy of expanding its geographic reach, diversifying further into new markets, and growing its core business segments through acquisitions.

AI-Based Fundamental Rating

Rating: Based on analyzing various parameters, including financial health, market position, growth prospects, and industry trends, an AI-based fundamental rating system assigns Par Pacific Holdings Inc. a score of 7 out of 10.

Justification: The rating considers the company's solid financial performance, diversified portfolio, competitive positioning, and opportunities for future growth. However, the rating also acknowledges the challenges associated with industry cyclicality, competition, and geopolitical risks.

Sources and Disclaimers

Disclaimer: The information provided in this overview is based on publicly available sources and should not be taken as financial advice. Investors should conduct independent research and consult with qualified financial professionals before making any investment decisions.

Sources:

  • Par Pacific Holdings Inc. website (www.parpacific.com)
  • U.S. Securities and Exchange Commission (www.sec.gov)
  • Yahoo Finance (finance.yahoo.com)
  • Industry reports and research papers

Conclusion

About Par Pacific Holdings Inc

Exchange NYSE
Headquaters Houston, TX, United States
IPO Launch date 2012-09-05
President, CEO & Director Mr. William Monteleone
Sector Energy
Industry Oil & Gas Refining & Marketing
Full time employees 1814
Full time employees 1814

Par Pacific Holdings, Inc. owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana. The Retail segment operates fuel retail outlets, which sell merchandise, such as soft drinks, prepared foods, and other sundries in Hawaii under the Hele, 76, and nomnom brands; and gasoline, diesel, and retail merchandise in Washington and Idaho. The Logistics segment owns and operates terminals, pipelines, single point mooring, marine vessels, storage facilities, loading and truck racks, and rail facilities to distribute ethanol, petroleum, and refined products throughout Hawaii, the United States West Coast, Washington, the Dakotas, and Wyoming; and a jet fuel storage facility and pipeline that serves Ellsworth Air Force Base in South Dakota. It also holds interest in refined products pipeline. In addition, the company owns and operates a marine terminal, a unit train-capable rail loading terminal; a truck rack, and a proprietary pipeline that serves Joint Base Lewis McChord. The company was formerly known as Par Petroleum Corporation and changed its name to Par Pacific Holdings, Inc. in October 2015. Par Pacific Holdings, Inc. was incorporated in 1984 and is headquartered in Houston, Texas.

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