PSX Phillips 66
fair · 68
Owner-earnings value$242.29
Price$264.23
Margin of safety
-8.3%
Quality gate · 68/100
Median ROIC14.3%
Gross margin11.3%
Net debt / EBITDA1.4x
FCF conversion77%
Share count / yr-4.9%
Profitable years4/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 6.39B |
| Owner-earnings yield | 6.1% |
| Free-cash-flow yield | 6.1% |
| Growth used (normalized) | 0.0% |
| Market-implied growth (reverse DCF) | 2.0% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 9.0% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 6.39B | 0.0% | 5.87B |
| 2 | 6.42B | 0.3% | 5.40B |
| 3 | 6.46B | 0.7% | 4.99B |
| 4 | 6.52B | 1.0% | 4.62B |
| 5 | 6.61B | 1.3% | 4.30B |
| 6 | 6.72B | 1.7% | 4.01B |
| 7 | 6.85B | 2.0% | 3.75B |
| 8 | 7.01B | 2.3% | 3.52B |
| 9 | 7.20B | 2.7% | 3.32B |
| 10 | 7.42B | 3.0% | 3.13B |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~2%/yr owner-earnings growth over 10y (reverse DCF); model credits 0%.