MACH NATURAL RESOURCES LP (MNR) Stock Fundamental Analysis
NYSE:MNR - New York Stock Exchange, Inc. - US55445L1008 - Currency: USD
Taking everything into account, MNR scores 5 out of 10 in our fundamental rating. MNR was compared to 211 industry peers in the Oil, Gas & Consumable Fuels industry. MNR scores excellent on profitability, but there are concerns on its financial health. MNR may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
In the past year MNR was profitable.
MNR had a positive operating cash flow in the past year.
MNR had positive earnings in 4 of the past 5 years.
MNR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MNR's Return On Assets of 7.11% is fine compared to the rest of the industry. MNR outperforms 72.99% of its industry peers.
MNR has a better Return On Equity (11.56%) than 64.93% of its industry peers.
MNR has a better Return On Invested Capital (11.10%) than 80.09% of its industry peers.
MNR had an Average Return On Invested Capital over the past 3 years of 27.24%. This is above the industry average of 23.79%.
The last Return On Invested Capital (11.10%) for MNR is well below the 3 year average (27.24%), which needs to be investigated, but indicates that MNR had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.11% | ||
| ROE | 11.56% | ||
| ROIC | 11.1% |
ROA(3y)27.06%
ROA(5y)16.71%
ROE(3y)43.88%
ROE(5y)27.33%
ROIC(3y)27.24%
ROIC(5y)N/A
1.3 Margins
MNR has a better Profit Margin (16.65%) than 68.25% of its industry peers.
MNR's Profit Margin has been stable in the last couple of years.
MNR has a better Operating Margin (28.77%) than 68.72% of its industry peers.
In the last couple of years the Operating Margin of MNR has declined.
MNR has a better Gross Margin (62.13%) than 70.14% of its industry peers.
MNR's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 28.77% | ||
| PM (TTM) | 16.65% | ||
| GM | 62.13% |
OM growth 3Y-15.14%
OM growth 5Y-9.42%
PM growth 3Y-23.52%
PM growth 5Y-0.16%
GM growth 3Y-9.13%
GM growth 5Y-5.69%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), MNR is creating value.
Compared to 1 year ago, MNR has more shares outstanding
Compared to 5 years ago, MNR has more shares outstanding
The debt/assets ratio for MNR has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of MNR is 3.48, which is a good value as it means it would take MNR, 3.48 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.48, MNR is in the better half of the industry, outperforming 74.88% of the companies in the same industry.
MNR has a Debt/Equity ratio of 0.33. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.33, MNR perfoms like the industry average, outperforming 59.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 3.48 | ||
| Altman-Z | N/A |
ROIC/WACC1.04
WACC10.7%
2.3 Liquidity
A Current Ratio of 0.69 indicates that MNR may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.69, MNR is doing worse than 76.30% of the companies in the same industry.
MNR has a Quick Ratio of 0.69. This is a bad value and indicates that MNR is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of MNR (0.61) is worse than 74.41% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
The earnings per share for MNR have decreased strongly by -67.51% in the last year.
MNR shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 26.92% yearly.
Looking at the last year, MNR shows a very negative growth in Revenue. The Revenue has decreased by -18.66% in the last year.
The Revenue has been growing by 44.33% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-67.51%
EPS 3Y67.01%
EPS 5Y26.92%
EPS Q2Q%-29.55%
Revenue 1Y (TTM)-18.66%
Revenue growth 3Y74.29%
Revenue growth 5Y44.33%
Sales Q2Q%-5.18%
3.2 Future
Based on estimates for the next years, MNR will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.76% on average per year.
The Revenue is expected to grow by 0.65% on average over the next years.
EPS Next Y15.52%
EPS Next 2Y14.44%
EPS Next 3Y11.76%
EPS Next 5YN/A
Revenue Next Year-0.28%
Revenue Next 2Y2.01%
Revenue Next 3Y0.65%
Revenue Next 5YN/A
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 8.42 indicates a reasonable valuation of MNR.
Based on the Price/Earnings ratio, MNR is valued a bit cheaper than 79.62% of the companies in the same industry.
MNR is valuated cheaply when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 5.99 indicates a rather cheap valuation of MNR.
89.57% of the companies in the same industry are more expensive than MNR, based on the Price/Forward Earnings ratio.
MNR is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.42 | ||
| Fwd PE | 5.99 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MNR indicates a somewhat cheap valuation: MNR is cheaper than 77.73% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, MNR is valued a bit cheaper than the industry average as 66.35% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.43 | ||
| EV/EBITDA | 4.1 |
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.
MNR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.54
PEG (5Y)0.31
EPS Next 2Y14.44%
EPS Next 3Y11.76%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 18.98%, MNR is a good candidate for dividend investing.
MNR's Dividend Yield is rather good when compared to the industry average which is at 6.48. MNR pays more dividend than 97.63% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.35, MNR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 18.98% |
5.2 History
MNR has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
174.93% of the earnings are spent on dividend by MNR. This is not a sustainable payout ratio.
DP174.93%
EPS Next 2Y14.44%
EPS Next 3Y11.76%
14.99
+0.29 (+1.97%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners75.57%
Inst Owner Change0%
Ins Owners11.98%
Ins Owner Change-0.07%
Market Cap1.77B
Analysts86.67
Price Target22.03 (46.96%)
Short Float %0.76%
Short Ratio2.31
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 18.98% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP174.93%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-42.2%
Min EPS beat(2)-54.41%
Max EPS beat(2)-29.99%
EPS beat(4)1
Avg EPS beat(4)-23.41%
Min EPS beat(4)-54.41%
Max EPS beat(4)23.39%
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)-9.44%
Min Revenue beat(2)-12.44%
Max Revenue beat(2)-6.44%
Revenue beat(4)1
Avg Revenue beat(4)-5.34%
Min Revenue beat(4)-12.44%
Max Revenue beat(4)3.83%
Revenue beat(8)3
Avg Revenue beat(8)102.49%
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)-13.31%
EPS NQ rev (1m)1.96%
EPS NQ rev (3m)-9.22%
EPS NY rev (1m)-7.28%
EPS NY rev (3m)-11.46%
Revenue NQ rev (1m)-0.42%
Revenue NQ rev (3m)-6.94%
Revenue NY rev (1m)1.21%
Revenue NY rev (3m)-4.82%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 8.42 | ||
| Fwd PE | 5.99 | ||
| P/S | 1.85 | ||
| P/FCF | 13.43 | ||
| P/OCF | 3.52 | ||
| P/B | 1.29 | ||
| P/tB | 1.29 | ||
| EV/EBITDA | 4.1 |
EPS(TTM)1.78
EY11.87%
EPS(NY)2.5
Fwd EY16.69%
FCF(TTM)1.12
FCFY7.45%
OCF(TTM)4.26
OCFY28.4%
SpS8.09
BVpS11.65
TBVpS11.65
PEG (NY)0.54
PEG (5Y)0.31
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.11% | ||
| ROE | 11.56% | ||
| ROCE | 14.05% | ||
| ROIC | 11.1% | ||
| ROICexc | 11.14% | ||
| ROICexgc | 11.14% | ||
| OM | 28.77% | ||
| PM (TTM) | 16.65% | ||
| GM | 62.13% | ||
| FCFM | 13.8% |
ROA(3y)27.06%
ROA(5y)16.71%
ROE(3y)43.88%
ROE(5y)27.33%
ROIC(3y)27.24%
ROIC(5y)N/A
ROICexc(3y)28.62%
ROICexc(5y)N/A
ROICexgc(3y)28.62%
ROICexgc(5y)N/A
ROCE(3y)34.48%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-15.14%
OM growth 5Y-9.42%
PM growth 3Y-23.52%
PM growth 5Y-0.16%
GM growth 3Y-9.13%
GM growth 5Y-5.69%
F-Score4
Asset Turnover0.43
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | 3.48 | ||
| Debt/EBITDA | 0.85 | ||
| Cap/Depr | 139.19% | ||
| Cap/Sales | 38.84% | ||
| Interest Coverage | 3.1 | ||
| Cash Conversion | 92.88% | ||
| Profit Quality | 82.9% | ||
| Current Ratio | 0.69 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | N/A |
F-Score4
WACC10.7%
ROIC/WACC1.04
Cap/Depr(3y)443.51%
Cap/Depr(5y)432.02%
Cap/Sales(3y)72.08%
Cap/Sales(5y)94.21%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-67.51%
EPS 3Y67.01%
EPS 5Y26.92%
EPS Q2Q%-29.55%
EPS Next Y15.52%
EPS Next 2Y14.44%
EPS Next 3Y11.76%
EPS Next 5YN/A
Revenue 1Y (TTM)-18.66%
Revenue growth 3Y74.29%
Revenue growth 5Y44.33%
Sales Q2Q%-5.18%
Revenue Next Year-0.28%
Revenue Next 2Y2.01%
Revenue Next 3Y0.65%
Revenue Next 5YN/A
EBIT growth 1Y-46.01%
EBIT growth 3Y47.91%
EBIT growth 5Y30.73%
EBIT Next Year89.45%
EBIT Next 3Y18.53%
EBIT Next 5YN/A
FCF growth 1Y127.5%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y2.76%
OCF growth 3Y81.29%
OCF growth 5Y38.07%