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MARTIN MIDSTREAM PARTNERS LP (MMLP) Stock Fundamental Analysis

NASDAQ:MMLP - Nasdaq - US5733311055 - Currency: USD

2.68  +0.01 (+0.37%)

After market: 2.68 0 (0%)

Fundamental Rating

2

Taking everything into account, MMLP scores 2 out of 10 in our fundamental rating. MMLP was compared to 212 industry peers in the Oil, Gas & Consumable Fuels industry. MMLP may be in some trouble as it scores bad on both profitability and health. MMLP does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

MMLP had negative earnings in the past year.
MMLP had a positive operating cash flow in the past year.
MMLP had negative earnings in each of the past 5 years.
MMLP had a positive operating cash flow in each of the past 5 years.
MMLP Yearly Net Income VS EBIT VS OCF VS FCFMMLP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M

1.2 Ratios

Looking at the Return On Assets, with a value of -1.74%, MMLP is doing worse than 74.06% of the companies in the same industry.
MMLP has a better Return On Invested Capital (9.39%) than 70.75% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MMLP is significantly below the industry average of 27.43%.
Industry RankSector Rank
ROA -1.74%
ROE N/A
ROIC 9.39%
ROA(3y)-1.17%
ROA(5y)-0.94%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)10.45%
ROIC(5y)9.59%
MMLP Yearly ROA, ROE, ROICMMLP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 200 300 400

1.3 Margins

Looking at the Operating Margin, with a value of 7.22%, MMLP is doing worse than 66.04% of the companies in the same industry.
MMLP's Operating Margin has improved in the last couple of years.
MMLP has a Gross Margin of 57.05%. This is in the better half of the industry: MMLP outperforms 62.74% of its industry peers.
MMLP's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 7.22%
PM (TTM) N/A
GM 57.05%
OM growth 3Y6.76%
OM growth 5Y2.8%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y13.59%
GM growth 5Y6.77%
MMLP Yearly Profit, Operating, Gross MarginsMMLP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

2

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MMLP is destroying value.
MMLP has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, MMLP has more shares outstanding
MMLP has a better debt/assets ratio than last year.
MMLP Yearly Shares OutstandingMMLP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
MMLP Yearly Total Debt VS Total AssetsMMLP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z N/A
ROIC/WACC0.85
WACC11.03%
MMLP Yearly LT Debt VS Equity VS FCFMMLP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

2.3 Liquidity

A Current Ratio of 1.35 indicates that MMLP should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.35, MMLP is in the better half of the industry, outperforming 61.79% of the companies in the same industry.
MMLP has a Quick Ratio of 1.35. This is a bad value and indicates that MMLP is not financially healthy enough and could expect problems in meeting its short term obligations.
MMLP has a Quick ratio of 0.89. This is comparable to the rest of the industry: MMLP outperforms 43.87% of its industry peers.
Industry RankSector Rank
Current Ratio 1.35
Quick Ratio 0.89
MMLP Yearly Current Assets VS Current LiabilitesMMLP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

0

3. Growth

3.1 Past

MMLP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -344.44%.
MMLP shows a decrease in Revenue. In the last year, the revenue decreased by -2.03%.
MMLP shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.53% yearly.
EPS 1Y (TTM)-344.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-112.5%
Revenue 1Y (TTM)-2.03%
Revenue growth 3Y-7.09%
Revenue growth 5Y-3.53%
Sales Q2Q%6.48%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y217.69%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.8%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
MMLP Yearly Revenue VS EstimatesMMLP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
MMLP Yearly EPS VS EstimatesMMLP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2023 2024 2025 0 -1 -2 -3 -4

2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for MMLP. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 17.52, the valuation of MMLP can be described as rather expensive.
MMLP's Price/Forward Earnings ratio is in line with the industry average.
MMLP's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 20.85.
Industry RankSector Rank
PE N/A
Fwd PE 17.52
MMLP Price Earnings VS Forward Price EarningsMMLP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20

4.2 Price Multiples

65.57% of the companies in the same industry are more expensive than MMLP, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 5.4
MMLP Per share dataMMLP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

2

5. Dividend

5.1 Amount

MMLP has a yearly dividend return of 0.75%, which is pretty low.
The stock price of MMLP dropped by -24.72% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
MMLP's Dividend Yield is slightly below the industry average, which is at 7.41.
Compared to an average S&P500 Dividend Yield of 2.51, MMLP's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.75%

5.2 History

The dividend of MMLP decreases each year by -56.17%.
MMLP has paid a dividend for at least 10 years, which is a reliable track record.
MMLP has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-56.17%
Div Incr Years0
Div Non Decr Years3
MMLP Yearly Dividends per shareMMLP Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

MMLP has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-8.56%
EPS Next 2YN/A
EPS Next 3YN/A
MMLP Yearly Income VS Free CF VS DividendMMLP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M

MARTIN MIDSTREAM PARTNERS LP

NASDAQ:MMLP (4/22/2025, 4:05:02 PM)

After market: 2.68 0 (0%)

2.68

+0.01 (+0.37%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)04-16 2025-04-16/amc
Earnings (Next)07-15 2025-07-15/amc
Inst Owners44.88%
Inst Owner Change0%
Ins Owners2.56%
Ins Owner Change13.59%
Market Cap104.68M
Analysts43.33
Price Target4.08 (52.24%)
Short Float %0.45%
Short Ratio1.07
Dividend
Industry RankSector Rank
Dividend Yield 0.75%
Yearly Dividend0.02
Dividend Growth(5Y)-56.17%
DP-8.56%
Div Incr Years0
Div Non Decr Years3
Ex-Date05-08 2025-05-08 (0.005)
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
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)1
Avg Revenue beat(2)-3.11%
Min Revenue beat(2)-7.09%
Max Revenue beat(2)0.87%
Revenue beat(4)1
Avg Revenue beat(4)-4.48%
Min Revenue beat(4)-7.09%
Max Revenue beat(4)0.87%
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)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 17.52
P/S 0.15
P/FCF N/A
P/OCF 3.25
P/B N/A
P/tB N/A
EV/EBITDA 5.4
EPS(TTM)-0.22
EYN/A
EPS(NY)0.15
Fwd EY5.71%
FCF(TTM)-0.1
FCFYN/A
OCF(TTM)0.82
OCFY30.78%
SpS18.42
BVpS-1.83
TBVpS-2.26
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.74%
ROE N/A
ROCE 11.88%
ROIC 9.39%
ROICexc 9.39%
ROICexgc 9.76%
OM 7.22%
PM (TTM) N/A
GM 57.05%
FCFM N/A
ROA(3y)-1.17%
ROA(5y)-0.94%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)10.45%
ROIC(5y)9.59%
ROICexc(3y)10.45%
ROICexc(5y)9.61%
ROICexgc(3y)10.89%
ROICexgc(5y)10.01%
ROCE(3y)13.22%
ROCE(5y)12.14%
ROICexcg growth 3Y3.24%
ROICexcg growth 5Y4.86%
ROICexc growth 3Y3.15%
ROICexc growth 5Y4.78%
OM growth 3Y6.76%
OM growth 5Y2.8%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y13.59%
GM growth 5Y6.77%
F-Score4
Asset Turnover1.35
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Debt/EBITDA 4.39
Cap/Depr 71.07%
Cap/Sales 5.03%
Interest Coverage 250
Cash Conversion 31.31%
Profit Quality N/A
Current Ratio 1.35
Quick Ratio 0.89
Altman-Z N/A
F-Score4
WACC11.03%
ROIC/WACC0.85
Cap/Depr(3y)66.6%
Cap/Depr(5y)54.93%
Cap/Sales(3y)4.3%
Cap/Sales(5y)3.8%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-344.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-112.5%
EPS Next Y217.69%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-2.03%
Revenue growth 3Y-7.09%
Revenue growth 5Y-3.53%
Sales Q2Q%6.48%
Revenue Next Year0.8%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-20.2%
EBIT growth 3Y-0.82%
EBIT growth 5Y-0.84%
EBIT Next Year81.49%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-131.92%
FCF growth 3Y-31.34%
FCF growth 5Y-32.48%
OCF growth 1Y-12.91%
OCF growth 3Y10.64%
OCF growth 5Y-8.6%