Phillips 66 Stock Beta

PSX Stock

USD 133.27 1.86 1.42%

Phillips 66 fundamentals help investors to digest information that contributes to Phillips' financial success or failures. It also enables traders to predict the movement of Phillips Stock. The fundamental analysis module provides a way to measure Phillips' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Phillips stock.

Short Long Term Debt Total Total Assets

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Phillips 66 Company Beta Analysis

Phillips' Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Phillips Beta

1.32

Most of Phillips' fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Phillips 66 is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Phillips Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Phillips is extremely important. It helps to project a fair market value of Phillips Stock properly, considering its historical fundamentals such as Beta. Since Phillips' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Phillips' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Phillips' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Tangible Assets	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Long Term Debt	Net Receivables	Good Will	Total Liab	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Total Current Assets	Treasury Stock	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Long Term Debt Total	Capital Surpluse	Cash And Equivalents	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.63	0.79	0.64	0.76	0.9	0.35	0.86	0.52	-0.73	0.94	0.75	0.62	0.35	0.67	-0.68	0.54	0.43	0.57	0.91	0.9	0.74	0.74	0.87	0.21	0.79
Total Stockholder Equity	0.63		0.37	-0.07	0.29	0.49	0.33	0.23	0.46	-0.12	0.34	0.32	0.0	-0.1	0.39	-0.13	0.07	0.33	-0.03	0.39	0.45	0.43	0.68	0.82	0.5	0.56
Net Tangible Assets	0.79	0.37		0.8	0.58	0.79	0.34	0.76	0.48	-0.47	0.81	0.64	0.86	0.32	0.63	-0.53	0.33	0.39	0.89	0.92	0.66	0.58	0.53	0.66	0.2	0.55
Current Deferred Revenue	0.64	-0.07	0.8		0.64	0.7	0.12	0.81	0.27	-0.71	0.79	0.62	0.91	0.43	0.46	-0.71	0.45	0.23	0.89	0.83	0.68	0.49	0.33	0.35	-0.05	0.41
Net Debt	0.76	0.29	0.58	0.64		0.83	-0.18	0.84	0.16	-0.76	0.79	0.82	0.66	0.53	0.25	-0.87	0.81	0.64	0.54	0.76	0.86	0.91	0.65	0.6	-0.17	0.71
Retained Earnings	0.9	0.49	0.79	0.7	0.83		0.02	0.91	0.2	-0.63	0.86	0.9	0.76	0.22	0.36	-0.87	0.54	0.65	0.62	0.92	0.9	0.79	0.53	0.67	-0.02	0.64
Accounts Payable	0.35	0.33	0.34	0.12	-0.18	0.02		0.02	0.89	-0.13	0.33	-0.2	0.03	0.29	0.78	0.29	-0.07	-0.53	0.25	0.25	0.08	-0.01	0.27	0.44	0.24	0.36
Long Term Debt	0.86	0.23	0.76	0.81	0.84	0.91	0.02		0.17	-0.77	0.93	0.86	0.78	0.34	0.44	-0.85	0.6	0.55	0.69	0.92	0.89	0.73	0.48	0.57	-0.04	0.61
Net Receivables	0.52	0.46	0.48	0.27	0.16	0.2	0.89	0.17		-0.33	0.49	-0.03	0.17	0.52	0.83	0.09	0.19	-0.33	0.37	0.42	0.3	0.3	0.56	0.67	0.27	0.57
Good Will	-0.73	-0.12	-0.47	-0.71	-0.76	-0.63	-0.13	-0.77	-0.33		-0.83	-0.62	-0.51	-0.64	-0.46	0.68	-0.76	-0.21	-0.51	-0.72	-0.86	-0.68	-0.59	-0.55	0.09	-0.74
Total Liab	0.94	0.34	0.81	0.79	0.79	0.86	0.33	0.93	0.49	-0.83		0.74	0.73	0.53	0.69	-0.72	0.65	0.36	0.73	0.94	0.89	0.74	0.63	0.74	0.04	0.76
Deferred Long Term Liab	0.75	0.32	0.64	0.62	0.82	0.9	-0.2	0.86	-0.03	-0.62	0.74		0.73	0.13	0.09	-0.85	0.49	0.66	0.53	0.82	0.84	0.71	0.39	0.49	-0.11	0.52
Long Term Investments	0.62	0.0	0.86	0.91	0.66	0.76	0.03	0.78	0.17	-0.51	0.73	0.73		0.34	0.34	-0.74	0.41	0.4	0.92	0.83	0.59	0.54	0.29	0.32	-0.12	0.36
Short Long Term Debt	0.35	-0.1	0.32	0.43	0.53	0.22	0.29	0.34	0.52	-0.64	0.53	0.13	0.34		0.48	-0.27	0.82	0.0	0.52	0.4	0.39	0.6	0.51	0.37	-0.33	0.66
Total Current Assets	0.67	0.39	0.63	0.46	0.25	0.36	0.78	0.44	0.83	-0.46	0.69	0.09	0.34	0.48		-0.1	0.27	-0.14	0.53	0.57	0.39	0.3	0.62	0.69	0.4	0.58
Treasury Stock	-0.68	-0.13	-0.53	-0.71	-0.87	-0.87	0.29	-0.85	0.09	0.68	-0.72	-0.85	-0.74	-0.27	-0.1		-0.64	-0.61	-0.51	-0.72	-0.79	-0.72	-0.34	-0.34	0.29	-0.46
Short Term Debt	0.54	0.07	0.33	0.45	0.81	0.54	-0.07	0.6	0.19	-0.76	0.65	0.49	0.41	0.82	0.27	-0.64		0.49	0.44	0.54	0.66	0.81	0.58	0.46	-0.38	0.75
Intangible Assets	0.43	0.33	0.39	0.23	0.64	0.65	-0.53	0.55	-0.33	-0.21	0.36	0.66	0.4	0.0	-0.14	-0.61	0.49		0.26	0.48	0.51	0.59	0.37	0.36	-0.02	0.34
Common Stock	0.57	-0.03	0.89	0.89	0.54	0.62	0.25	0.69	0.37	-0.51	0.73	0.53	0.92	0.52	0.53	-0.51	0.44	0.26		0.81	0.52	0.5	0.36	0.39	-0.06	0.46
Property Plant Equipment	0.91	0.39	0.92	0.83	0.76	0.92	0.25	0.92	0.42	-0.72	0.94	0.82	0.83	0.4	0.57	-0.72	0.54	0.48	0.81		0.89	0.73	0.58	0.72	0.08	0.69
Long Term Debt Total	0.9	0.45	0.66	0.68	0.86	0.9	0.08	0.89	0.3	-0.86	0.89	0.84	0.59	0.39	0.39	-0.79	0.66	0.51	0.52	0.89		0.82	0.63	0.73	0.01	0.77
Capital Surpluse	0.74	0.43	0.58	0.49	0.91	0.79	-0.01	0.73	0.3	-0.68	0.74	0.71	0.54	0.6	0.3	-0.72	0.81	0.59	0.5	0.73	0.82		0.71	0.69	-0.23	0.83
Cash And Equivalents	0.74	0.68	0.53	0.33	0.65	0.53	0.27	0.48	0.56	-0.59	0.63	0.39	0.29	0.51	0.62	-0.34	0.58	0.37	0.36	0.58	0.63	0.71		0.89	0.37	0.87
Net Invested Capital	0.87	0.82	0.66	0.35	0.6	0.67	0.44	0.57	0.67	-0.55	0.74	0.49	0.32	0.37	0.69	-0.34	0.46	0.36	0.39	0.72	0.73	0.69	0.89		0.43	0.84
Net Working Capital	0.21	0.5	0.2	-0.05	-0.17	-0.02	0.24	-0.04	0.27	0.09	0.04	-0.11	-0.12	-0.33	0.4	0.29	-0.38	-0.02	-0.06	0.08	0.01	-0.23	0.37	0.43		-0.01
Capital Stock	0.79	0.56	0.55	0.41	0.71	0.64	0.36	0.61	0.57	-0.74	0.76	0.52	0.36	0.66	0.58	-0.46	0.75	0.34	0.46	0.69	0.77	0.83	0.87	0.84	-0.01

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Phillips

In accordance with the recently published financial statements, Phillips 66 has a Beta of 1.319. This is 22.41% lower than that of the Oil, Gas & Consumable Fuels sector and 2.3% lower than that of the Energy industry. The beta for all United States stocks is notably lower than that of the firm.

Phillips Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Phillips' direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Phillips could also be used in its relative valuation, which is a method of valuing Phillips by comparing valuation metrics of similar companies.

Phillips is currently under evaluation in beta category among its peers.

Phillips ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Phillips' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Phillips' managers, analysts, and investors.

Environmental

Governance

Social

Phillips Institutional Holders

Institutional Holdings refers to the ownership stake in Phillips that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Phillips' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Phillips' value.

		Shares
Boston Partners Global Investors, Inc	2024-06-30	4.9 M
Amvescap Plc.	2024-06-30	4.5 M
Jpmorgan Chase & Co	2024-06-30	4.2 M
Norges Bank	2024-06-30	4.2 M
Northern Trust Corp	2024-09-30	4.1 M
Legal & General Group Plc	2024-06-30	3.7 M
Ubs Group Ag	2024-06-30	3.7 M
Dimensional Fund Advisors, Inc.	2024-09-30	3.7 M
Fmr Inc	2024-09-30	3.2 M
Vanguard Group Inc	2024-09-30	40.7 M
Blackrock Inc	2024-06-30	30.8 M

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Phillips will likely underperform.

Phillips Fundamentals

	Return On Equity	0.11
	Return On Asset	0.0287
	Profit Margin	0.02 %
	Operating Margin	0 %
	Current Valuation	72.63 B
	Shares Outstanding	412.99 M
	Shares Owned By Insiders	0.41 %
	Shares Owned By Institutions	74.83 %
	Number Of Shares Shorted	6.06 M
	Price To Earning	4.99 X
	Price To Book	1.89 X
	Price To Sales	0.37 X
	Revenue	147.4 B
	Gross Profit	20.06 B
	EBITDA	12.37 B
	Net Income	7 B
	Cash And Equivalents	6.13 B
	Cash Per Share	7.92 X
	Total Debt	19.36 B
	Debt To Equity	0.57 %
	Current Ratio	1.30 X
	Book Value Per Share	69.55 X
	Cash Flow From Operations	7.03 B
	Short Ratio	2.82 X
	Earnings Per Share	7.84 X
	Price To Earnings To Growth	0.73 X
	Target Price	141.9
	Number Of Employees	14 K
	Beta	1.32
	Market Capitalization	55.04 B
	Total Asset	75.5 B
	Retained Earnings	30.55 B
	Working Capital	4.08 B
	Current Asset	12.26 B
	Current Liabilities	7.53 B
	Annual Yield	0.03 %
	Five Year Return	4.10 %
	Net Asset	75.5 B
	Last Dividend Paid	4.4

About Phillips Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Phillips 66's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Phillips using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Phillips 66 based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Phillips Stock Analysis

When running Phillips' price analysis, check to measure Phillips' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Phillips is operating at the current time. Most of Phillips' value examination focuses on studying past and present price action to predict the probability of Phillips' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Phillips' price. Additionally, you may evaluate how the addition of Phillips to your portfolios can decrease your overall portfolio volatility.

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