MPLX LP (MPLX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MPLX - US55336V1008
53.24 USD
-0.82 (-1.52%)
53.25 USD
+0.01 (+0.02%)
Taking everything into account, MPLX scores 6 out of 10 in our fundamental rating. MPLX was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. MPLX scores excellent on profitability, but there are some minor concerns on its financial health. MPLX has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year MPLX was profitable.
MPLX had a positive operating cash flow in the past year.
MPLX had positive earnings in 4 of the past 5 years.
MPLX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of MPLX (11.12%) is better than 91.43% of its industry peers.
With an excellent Return On Equity value of 33.64%, MPLX belongs to the best of the industry, outperforming 93.33% of the companies in the same industry.
With an excellent Return On Invested Capital value of 11.54%, MPLX belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for MPLX is significantly below the industry average of 21.41%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.12% | ||
| ROE | 33.64% | ||
| ROIC | 11.54% |
ROA(3y)10.86%
ROA(5y)7.71%
ROE(3y)31.09%
ROE(5y)22.31%
ROIC(3y)11.77%
ROIC(5y)10.15%
1.3 Margins
MPLX's Profit Margin of 37.54% is amongst the best of the industry. MPLX outperforms 92.38% of its industry peers.
In the last couple of years the Profit Margin of MPLX has grown nicely.
MPLX has a Operating Margin of 45.30%. This is amongst the best in the industry. MPLX outperforms 90.00% of its industry peers.
In the last couple of years the Operating Margin of MPLX has grown nicely.
MPLX's Gross Margin of 60.15% is fine compared to the rest of the industry. MPLX outperforms 68.57% of its industry peers.
In the last couple of years the Gross Margin of MPLX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 45.3% | ||
| PM (TTM) | 37.54% | ||
| GM | 60.15% |
OM growth 3Y3.27%
OM growth 5Y2.2%
PM growth 3Y7%
PM growth 5Y28.24%
GM growth 3Y1.12%
GM growth 5Y0.25%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MPLX is still creating some value.
Compared to 1 year ago, MPLX has more shares outstanding
The number of shares outstanding for MPLX has been reduced compared to 5 years ago.
Compared to 1 year ago, MPLX has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of MPLX is 5.47, which is a neutral value as it means it would take MPLX, 5.47 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 5.47, MPLX is doing good in the industry, outperforming 63.81% of the companies in the same industry.
MPLX has a Debt/Equity ratio of 1.69. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of MPLX (1.69) is worse than 78.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.69 | ||
| Debt/FCF | 5.47 | ||
| Altman-Z | N/A |
ROIC/WACC1.45
WACC7.97%
2.3 Liquidity
MPLX has a Current Ratio of 1.31. This is a normal value and indicates that MPLX is financially healthy and should not expect problems in meeting its short term obligations.
MPLX has a Current ratio of 1.31. This is comparable to the rest of the industry: MPLX outperforms 58.57% of its industry peers.
A Quick Ratio of 1.26 indicates that MPLX should not have too much problems paying its short term obligations.
MPLX has a better Quick ratio (1.26) than 63.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.31 | ||
| Quick Ratio | 1.26 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 11.32% over the past year.
MPLX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.66% yearly.
The Revenue has grown by 8.22% in the past year. This is quite good.
MPLX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.71% yearly.
EPS 1Y (TTM)11.32%
EPS 3Y13.76%
EPS 5Y12.66%
EPS Q2Q%50.5%
Revenue 1Y (TTM)8.22%
Revenue growth 3Y5.97%
Revenue growth 5Y5.71%
Sales Q2Q%21.77%
3.2 Future
MPLX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.87% yearly.
MPLX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.33% yearly.
EPS Next Y5.67%
EPS Next 2Y5.87%
EPS Next 3Y6.61%
EPS Next 5Y5.87%
Revenue Next Year5.75%
Revenue Next 2Y5.72%
Revenue Next 3Y5.72%
Revenue Next 5Y4.33%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
The Price/Earnings ratio is 11.28, which indicates a very decent valuation of MPLX.
Based on the Price/Earnings ratio, MPLX is valued a bit cheaper than 70.48% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 25.65. MPLX is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 11.28, the valuation of MPLX can be described as very reasonable.
Based on the Price/Forward Earnings ratio, MPLX is valued a bit cheaper than the industry average as 66.19% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.45, MPLX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.28 | ||
| Fwd PE | 11.28 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MPLX is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, MPLX is valued a bit cheaper than 70.95% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.56 | ||
| EV/EBITDA | 11.07 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of MPLX may justify a higher PE ratio.
PEG (NY)1.99
PEG (5Y)0.89
EPS Next 2Y5.87%
EPS Next 3Y6.61%
5. Dividend
5.1 Amount
MPLX has a Yearly Dividend Yield of 8.05%, which is a nice return.
Compared to an average industry Dividend Yield of 5.88, MPLX pays a better dividend. On top of this MPLX pays more dividend than 82.86% of the companies listed in the same industry.
MPLX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.05% |
5.2 History
The dividend of MPLX has a limited annual growth rate of 5.42%.
MPLX has been paying a dividend for at least 10 years, so it has a reliable track record.
MPLX has decreased its dividend in the last 3 years.
Dividend Growth(5Y)5.42%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
81.29% of the earnings are spent on dividend by MPLX. This is not a sustainable payout ratio.
The dividend of MPLX is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP81.29%
EPS Next 2Y5.87%
EPS Next 3Y6.61%
53.24
-0.82 (-1.52%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners21.55%
Inst Owner Change-7.75%
Ins Owners0.15%
Ins Owner Change0.47%
Market Cap54.15B
Revenue(TTM)12.81B
Net Income(TTM)4.81B
Analysts77
Price Target57.99 (8.92%)
Short Float %2.36%
Short Ratio5.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.05% |
Yearly Dividend3.57
Dividend Growth(5Y)5.42%
DP81.29%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)16.26%
Min EPS beat(2)-5.39%
Max EPS beat(2)37.9%
EPS beat(4)2
Avg EPS beat(4)7.97%
Min EPS beat(4)-5.39%
Max EPS beat(4)37.9%
EPS beat(8)4
Avg EPS beat(8)6.82%
EPS beat(12)6
Avg EPS beat(12)3.87%
EPS beat(16)9
Avg EPS beat(16)6.83%
Revenue beat(2)1
Avg Revenue beat(2)2.98%
Min Revenue beat(2)-6.21%
Max Revenue beat(2)12.18%
Revenue beat(4)1
Avg Revenue beat(4)0.32%
Min Revenue beat(4)-6.21%
Max Revenue beat(4)12.18%
Revenue beat(8)2
Avg Revenue beat(8)-1.93%
Revenue beat(12)4
Avg Revenue beat(12)-1.36%
Revenue beat(16)8
Avg Revenue beat(16)0.79%
PT rev (1m)0.19%
PT rev (3m)1.21%
EPS NQ rev (1m)-3.08%
EPS NQ rev (3m)-7.13%
EPS NY rev (1m)0.06%
EPS NY rev (3m)-2.39%
Revenue NQ rev (1m)-0.12%
Revenue NQ rev (3m)0.27%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)-1.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.28 | ||
| Fwd PE | 11.28 | ||
| P/S | 4.23 | ||
| P/FCF | 11.56 | ||
| P/OCF | 8.89 | ||
| P/B | 3.79 | ||
| P/tB | 13.14 | ||
| EV/EBITDA | 11.07 |
EPS(TTM)4.72
EY8.87%
EPS(NY)4.72
Fwd EY8.86%
FCF(TTM)4.61
FCFY8.65%
OCF(TTM)5.99
OCFY11.24%
SpS12.59
BVpS14.06
TBVpS4.05
PEG (NY)1.99
PEG (5Y)0.89
Graham Number38.64
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.12% | ||
| ROE | 33.64% | ||
| ROCE | 14.61% | ||
| ROIC | 11.54% | ||
| ROICexc | 12.08% | ||
| ROICexgc | 16.5% | ||
| OM | 45.3% | ||
| PM (TTM) | 37.54% | ||
| GM | 60.15% | ||
| FCFM | 36.58% |
ROA(3y)10.86%
ROA(5y)7.71%
ROE(3y)31.09%
ROE(5y)22.31%
ROIC(3y)11.77%
ROIC(5y)10.15%
ROICexc(3y)12.11%
ROICexc(5y)10.36%
ROICexgc(3y)16.17%
ROICexgc(5y)13.88%
ROCE(3y)14.9%
ROCE(5y)12.85%
ROICexgc growth 3Y8.04%
ROICexgc growth 5Y10.46%
ROICexc growth 3Y8.76%
ROICexc growth 5Y11.46%
OM growth 3Y3.27%
OM growth 5Y2.2%
PM growth 3Y7%
PM growth 5Y28.24%
GM growth 3Y1.12%
GM growth 5Y0.25%
F-Score6
Asset Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.69 | ||
| Debt/FCF | 5.47 | ||
| Debt/EBITDA | 3.39 | ||
| Cap/Depr | 106.21% | ||
| Cap/Sales | 10.95% | ||
| Interest Coverage | 6.3 | ||
| Cash Conversion | 85.47% | ||
| Profit Quality | 97.44% | ||
| Current Ratio | 1.31 | ||
| Quick Ratio | 1.26 | ||
| Altman-Z | N/A |
F-Score6
WACC7.97%
ROIC/WACC1.45
Cap/Depr(3y)75.03%
Cap/Depr(5y)70.42%
Cap/Sales(3y)8.03%
Cap/Sales(5y)9%
Profit Quality(3y)113.71%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)11.32%
EPS 3Y13.76%
EPS 5Y12.66%
EPS Q2Q%50.5%
EPS Next Y5.67%
EPS Next 2Y5.87%
EPS Next 3Y6.61%
EPS Next 5Y5.87%
Revenue 1Y (TTM)8.22%
Revenue growth 3Y5.97%
Revenue growth 5Y5.71%
Sales Q2Q%21.77%
Revenue Next Year5.75%
Revenue Next 2Y5.72%
Revenue Next 3Y5.72%
Revenue Next 5Y4.33%
EBIT growth 1Y10.05%
EBIT growth 3Y9.44%
EBIT growth 5Y8.04%
EBIT Next Year33.46%
EBIT Next 3Y14.72%
EBIT Next 5Y10.1%
FCF growth 1Y7.9%
FCF growth 3Y3.72%
FCF growth 5Y23.91%
OCF growth 1Y15.39%
OCF growth 3Y6.58%
OCF growth 5Y7.81%
MPLX LP / MPLX FAQ
Can you provide the ChartMill fundamental rating for MPLX LP?
ChartMill assigns a fundamental rating of 6 / 10 to MPLX.
What is the valuation status for MPLX stock?
ChartMill assigns a valuation rating of 6 / 10 to MPLX LP (MPLX). This can be considered as Fairly Valued.
Can you provide the profitability details for MPLX LP?
MPLX LP (MPLX) has a profitability rating of 8 / 10.
What is the expected EPS growth for MPLX LP (MPLX) stock?
The Earnings per Share (EPS) of MPLX LP (MPLX) is expected to grow by 5.67% in the next year.
Is the dividend of MPLX LP sustainable?
The dividend rating of MPLX LP (MPLX) is 6 / 10 and the dividend payout ratio is 81.29%.