MARTIN MIDSTREAM PARTNERS LP (MMLP)
US5733311055
We assign a fundamental rating of 3 out of 10 to MMLP. MMLP was compared to 209 industry peers in the Oil, Gas & Consumable Fuels industry. MMLP has a medium profitability rating, but doesn't score so well on its financial health evaluation. MMLP has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year MMLP was profitable.
In the past year MMLP had a positive cash flow from operations.
MMLP had negative earnings in each of the past 5 years.
Each year in the past 5 years MMLP had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of 0.75%, MMLP is not doing good in the industry: 74.02% of the companies in the same industry are doing better.
MMLP has a Return On Invested Capital of 11.35%. This is in the better half of the industry: MMLP outperforms 73.04% of its industry peers.
MMLP had an Average Return On Invested Capital over the past 3 years of 10.14%. This is significantly below the industry average of 28.77%.
The last Return On Invested Capital (11.35%) for MMLP is above the 3 year average (10.14%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.75% | ||
| ROE | N/A | ||
| ROIC | 11.35% |
ROA(3y)-0.86%
ROA(5y)-5.89%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)10.14%
ROIC(5y)9.15%
1.3 Margins
MMLP's Profit Margin of 0.58% is on the low side compared to the rest of the industry. MMLP is outperformed by 75.49% of its industry peers.
The Operating Margin of MMLP (9.21%) is worse than 69.61% of its industry peers.
In the last couple of years the Operating Margin of MMLP has grown nicely.
MMLP's Gross Margin of 57.87% is fine compared to the rest of the industry. MMLP outperforms 65.20% of its industry peers.
MMLP's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.21% | ||
| PM (TTM) | 0.58% | ||
| GM | 57.87% |
OM growth 3Y9.78%
OM growth 5Y13.12%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.95%
GM growth 5Y7.66%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MMLP is still creating some value.
Compared to 1 year ago, MMLP has about the same amount of shares outstanding.
MMLP has less shares outstanding than it did 5 years ago.
The debt/assets ratio for MMLP has been reduced compared to a year ago.
2.2 Solvency
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC1.69
WACC6.7%
2.3 Liquidity
MMLP has a Current Ratio of 1.57. This is a normal value and indicates that MMLP is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.57, MMLP is in the better half of the industry, outperforming 62.75% of the companies in the same industry.
A Quick Ratio of 1.11 indicates that MMLP should not have too much problems paying its short term obligations.
MMLP has a Quick ratio (1.11) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.57 | ||
| Quick Ratio | 1.11 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 171.43% over the past year.
MMLP shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -16.60%.
The Revenue has been decreasing by -4.79% on average over the past years.
EPS 1Y (TTM)171.43%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-166.67%
Revenue 1Y (TTM)-16.6%
Revenue growth 3Y5.89%
Revenue growth 5Y-4.79%
Sales Q2Q%-3.26%
3.2 Future
MMLP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 80.97% yearly.
MMLP is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -4.63% yearly.
EPS Next Y202%
EPS Next 2Y80.97%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-9.77%
Revenue Next 2Y-4.63%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 36.10 indicates a quite expensive valuation of MMLP.
MMLP's Price/Earnings ratio is a bit more expensive when compared to the industry. MMLP is more expensive than 70.10% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.28. MMLP is valued slightly more expensive when compared to this.
The Price/Forward Earnings ratio is 23.59, which indicates a rather expensive current valuation of MMLP.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MMLP indicates a slightly more expensive valuation: MMLP is more expensive than 65.69% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.53, MMLP is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.1 | ||
| Fwd PE | 23.59 |
4.2 Price Multiples
66.18% of the companies in the same industry are more expensive than MMLP, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 5.18 |
4.3 Compensation for Growth
MMLP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
MMLP's earnings are expected to grow with 80.97% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.18
PEG (5Y)N/A
EPS Next 2Y80.97%
EPS Next 3YN/A
5. Dividend
5.1 Amount
MMLP has a yearly dividend return of 0.62%, which is pretty low.
MMLP's Dividend Yield is slightly below the industry average, which is at 6.60.
With a Dividend Yield of 0.62, MMLP pays less dividend than the S&P500 average, which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.62% |
5.2 History
The dividend of MMLP decreases each year by -60.13%.
MMLP has been paying a dividend for at least 10 years, so it has a reliable track record.
MMLP has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-60.13%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
MMLP pays out 19.04% of its income as dividend. This is a sustainable payout ratio.
DP19.04%
EPS Next 2Y80.97%
EPS Next 3YN/A
MARTIN MIDSTREAM PARTNERS LP
NASDAQ:MMLP (1/15/2025, 11:55:36 AM)
3.61
+0.21 (+6.18%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners38.29%
Inst Owner Change0%
Ins Owners2.43%
Ins Owner Change0.02%
Market Cap140.79M
Analysts43.33
Price Target4.08 (13.02%)
Short Float %0.26%
Short Ratio0.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.62% |
Dividend Growth(5Y)-60.13%
DP19.04%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-75.57%
Min EPS beat(2)-161.44%
Max EPS beat(2)10.29%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-5.86%
Min Revenue beat(2)-6.7%
Max Revenue beat(2)-5.02%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)175%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.69%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.56%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.1 | ||
| Fwd PE | 23.59 | ||
| P/S | 0.2 | ||
| P/FCF | N/A | ||
| P/OCF | 3.75 | ||
| P/B | N/A | ||
| P/tB | N/A | ||
| EV/EBITDA | 5.18 |
EPS(TTM)0.1
EY2.77%
EPS(NY)0.15
Fwd EY4.24%
FCF(TTM)-0.14
FCFYN/A
OCF(TTM)0.96
OCFY26.67%
SpS18.39
BVpS-1.57
TBVpS-2
PEG (NY)0.18
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.75% | ||
| ROE | N/A | ||
| ROCE | 14.36% | ||
| ROIC | 11.35% | ||
| ROICexc | 11.35% | ||
| ROICexgc | 11.78% | ||
| OM | 9.21% | ||
| PM (TTM) | 0.58% | ||
| GM | 57.87% | ||
| FCFM | N/A |
ROA(3y)-0.86%
ROA(5y)-5.89%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)10.14%
ROIC(5y)9.15%
ROICexc(3y)10.14%
ROICexc(5y)9.18%
ROICexgc(3y)10.56%
ROICexgc(5y)9.55%
ROCE(3y)12.83%
ROCE(5y)11.58%
ROICexcg growth 3Y20.61%
ROICexcg growth 5Y28.37%
ROICexc growth 3Y20.49%
ROICexc growth 5Y27.79%
OM growth 3Y9.78%
OM growth 5Y13.12%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.95%
GM growth 5Y7.66%
F-Score7
Asset Turnover1.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | N/A | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.04 | ||
| Cap/Depr | 85.91% | ||
| Cap/Sales | 6% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 32.32% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.57 | ||
| Quick Ratio | 1.11 | ||
| Altman-Z | N/A |
F-Score7
WACC6.7%
ROIC/WACC1.69
Cap/Depr(3y)48.48%
Cap/Depr(5y)48.57%
Cap/Sales(3y)2.93%
Cap/Sales(5y)3.33%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)171.43%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-166.67%
EPS Next Y202%
EPS Next 2Y80.97%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-16.6%
Revenue growth 3Y5.89%
Revenue growth 5Y-4.79%
Sales Q2Q%-3.26%
Revenue Next Year-9.77%
Revenue Next 2Y-4.63%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y1.63%
EBIT growth 3Y16.25%
EBIT growth 5Y7.7%
EBIT Next Year82.48%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-198.62%
FCF growth 3Y41.77%
FCF growth 5Y8.16%
OCF growth 1Y19.97%
OCF growth 3Y28.49%
OCF growth 5Y5.54%