MACH NATURAL RESOURCES LP (MNR) Stock Fundamental Analysis
USA - NYSE:MNR - US55445L1008
12 USD
+0.01 (+0.08%)
12.1999 USD
+0.2 (+1.67%)
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 has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year MNR was profitable.
In the past year MNR had a positive cash flow from operations.
Of the past 5 years MNR 4 years were profitable.
Each year in the past 5 years MNR had a positive operating cash flow.
1.2 Ratios
MNR has a better Return On Assets (8.98%) than 82.46% of its industry peers.
MNR has a Return On Equity of 15.23%. This is in the better half of the industry: MNR outperforms 74.41% of its industry peers.
MNR's Return On Invested Capital of 12.08% is amongst the best of the industry. MNR outperforms 87.20% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MNR is significantly above the industry average of 21.53%.
The last Return On Invested Capital (12.08%) 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 | 8.98% | ||
| ROE | 15.23% | ||
| ROIC | 12.08% |
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
The Profit Margin of MNR (20.83%) is better than 74.41% of its industry peers.
MNR's Profit Margin has been stable in the last couple of years.
MNR's Operating Margin of 31.44% is fine compared to the rest of the industry. MNR outperforms 76.78% of its industry peers.
MNR's Operating Margin has declined in the last couple of years.
MNR has a better Gross Margin (62.90%) than 70.62% of its industry peers.
MNR's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 31.44% | ||
| PM (TTM) | 20.83% | ||
| GM | 62.9% |
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 7.04, which is on the high side as it means it would take MNR, 7.04 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of MNR (7.04) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.41 indicates that MNR is not too dependend on debt financing.
MNR has a Debt to Equity ratio of 0.41. This is comparable to the rest of the industry: MNR outperforms 53.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.41 | ||
| Debt/FCF | 7.04 | ||
| Altman-Z | N/A |
ROIC/WACC1.25
WACC9.69%
2.3 Liquidity
A Current Ratio of 0.79 indicates that MNR may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.79, MNR is doing worse than 68.72% of the companies in the same industry.
MNR has a Quick Ratio of 0.79. This is a bad value and indicates that MNR is not financially healthy enough and could expect problems in meeting its short term obligations.
MNR has a worse Quick ratio (0.69) than 69.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.79 | ||
| Quick Ratio | 0.69 |
3. Growth
3.1 Past
The earnings per share for MNR have decreased strongly by -22.29% in the last year.
The Earnings Per Share has been growing by 26.92% on average over the past years. This is a very strong growth
Looking at the last year, MNR shows a small growth in Revenue. The Revenue has grown by 4.38% in the last year.
Measured over the past years, MNR shows a very strong growth in Revenue. The Revenue has been growing by 44.33% on average per year.
EPS 1Y (TTM)-22.29%
EPS 3Y67.01%
EPS 5Y26.92%
EPS Q2Q%80.95%
Revenue 1Y (TTM)4.38%
Revenue growth 3Y74.29%
Revenue growth 5Y44.33%
Sales Q2Q%20.22%
3.2 Future
Based on estimates for the next years, MNR will show a decrease in Earnings Per Share. The EPS will decrease by -4.15% on average per year.
MNR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.61% yearly.
EPS Next Y-18.36%
EPS Next 2Y-15.92%
EPS Next 3Y-9.97%
EPS Next 5Y-4.15%
Revenue Next Year13.18%
Revenue Next 2Y24.3%
Revenue Next 3Y15.71%
Revenue Next 5Y8.61%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 5.66, the valuation of MNR can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of MNR indicates a rather cheap valuation: MNR is cheaper than 90.52% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.57. MNR is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 8.89, the valuation of MNR can be described as very reasonable.
Based on the Price/Forward Earnings ratio, MNR is valued a bit cheaper than 76.30% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.09. MNR is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.66 | ||
| Fwd PE | 8.89 |
4.2 Price Multiples
80.57% of the companies in the same industry are more expensive than MNR, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as MNR.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.27 | ||
| EV/EBITDA | 4.01 |
4.3 Compensation for Growth
The decent profitability rating of MNR may justify a higher PE ratio.
MNR's earnings are expected to decrease with -9.97% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)0.21
EPS Next 2Y-15.92%
EPS Next 3Y-9.97%
5. Dividend
5.1 Amount
MNR has a Yearly Dividend Yield of 18.81%, which is a nice return.
The stock price of MNR dropped by -20.42% 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.
Compared to an average industry Dividend Yield of 6.30, MNR pays a better dividend. On top of this MNR pays more dividend than 98.58% of the companies listed in the same industry.
MNR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 18.81% |
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
143.62% of the earnings are spent on dividend by MNR. This is not a sustainable payout ratio.
DP143.62%
EPS Next 2Y-15.92%
EPS Next 3Y-9.97%
12
+0.01 (+0.08%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners59.25%
Inst Owner Change0.2%
Ins Owners9.52%
Ins Owner Change0%
Market Cap1.79B
Revenue(TTM)1.01B
Net Income(TTM)209.51M
Analysts87.27
Price Target21.76 (81.33%)
Short Float %1.18%
Short Ratio4.54
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 18.81% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP143.62%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-2.41%
Min EPS beat(2)-54.41%
Max EPS beat(2)49.6%
EPS beat(4)2
Avg EPS beat(4)-2.85%
Min EPS beat(4)-54.41%
Max EPS beat(4)49.6%
EPS beat(8)3
Avg EPS beat(8)-14.35%
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)3.77%
Min Revenue beat(2)-12.44%
Max Revenue beat(2)19.98%
Revenue beat(4)2
Avg Revenue beat(4)1.23%
Min Revenue beat(4)-12.44%
Max Revenue beat(4)19.98%
Revenue beat(8)3
Avg Revenue beat(8)-2.12%
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)-0.78%
PT rev (3m)-6.43%
EPS NQ rev (1m)-22.85%
EPS NQ rev (3m)-39.59%
EPS NY rev (1m)-20.11%
EPS NY rev (3m)-29.33%
Revenue NQ rev (1m)4.99%
Revenue NQ rev (3m)-0.88%
Revenue NY rev (1m)0.35%
Revenue NY rev (3m)13.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.66 | ||
| Fwd PE | 8.89 | ||
| P/S | 1.78 | ||
| P/FCF | 22.27 | ||
| P/OCF | 3.46 | ||
| P/B | 1.3 | ||
| P/tB | 1.3 | ||
| EV/EBITDA | 4.01 |
EPS(TTM)2.12
EY17.67%
EPS(NY)1.35
Fwd EY11.25%
FCF(TTM)0.54
FCFY4.49%
OCF(TTM)3.47
OCFY28.93%
SpS6.75
BVpS9.24
TBVpS9.24
PEG (NY)N/A
PEG (5Y)0.21
Graham Number20.99
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.98% | ||
| ROE | 15.23% | ||
| ROCE | 15.29% | ||
| ROIC | 12.08% | ||
| ROICexc | 12.16% | ||
| ROICexgc | 12.16% | ||
| OM | 31.44% | ||
| PM (TTM) | 20.83% | ||
| GM | 62.9% | ||
| FCFM | 7.98% |
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
ROICexgc growth 3YN/A
ROICexgc 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 | 0.41 | ||
| Debt/FCF | 7.04 | ||
| Debt/EBITDA | 0.97 | ||
| Cap/Depr | 164.18% | ||
| Cap/Sales | 43.44% | ||
| Interest Coverage | 4.22 | ||
| Cash Conversion | 88.81% | ||
| Profit Quality | 38.3% | ||
| Current Ratio | 0.79 | ||
| Quick Ratio | 0.69 | ||
| Altman-Z | N/A |
F-Score4
WACC9.69%
ROIC/WACC1.25
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)-22.29%
EPS 3Y67.01%
EPS 5Y26.92%
EPS Q2Q%80.95%
EPS Next Y-18.36%
EPS Next 2Y-15.92%
EPS Next 3Y-9.97%
EPS Next 5Y-4.15%
Revenue 1Y (TTM)4.38%
Revenue growth 3Y74.29%
Revenue growth 5Y44.33%
Sales Q2Q%20.22%
Revenue Next Year13.18%
Revenue Next 2Y24.3%
Revenue Next 3Y15.71%
Revenue Next 5Y8.61%
EBIT growth 1Y-16.03%
EBIT growth 3Y47.91%
EBIT growth 5Y30.73%
EBIT Next Year101.48%
EBIT Next 3Y44.18%
EBIT Next 5Y22.55%
FCF growth 1Y127.5%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y2.76%
OCF growth 3Y81.29%
OCF growth 5Y38.07%