MPLX LP (MPLX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MPLX - US55336V1008
55.75 USD
+0.02 (+0.04%)
55.75 USD
0 (0%)
MPLX gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 207 industry peers in the Oil, Gas & Consumable Fuels industry. While MPLX has a great profitability rating, there are some minor concerns on its financial health. MPLX has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- In the past year MPLX was profitable.
- In the past year MPLX had a positive cash flow from operations.
- Of the past 5 years MPLX 4 years were profitable.
- In the past 5 years MPLX always reported a positive cash flow from operatings.
1.2 Ratios
- MPLX's Return On Assets of 11.12% is amongst the best of the industry. MPLX outperforms 92.27% of its industry peers.
- Looking at the Return On Equity, with a value of 33.64%, MPLX belongs to the top of the industry, outperforming 92.75% of the companies in the same industry.
- MPLX has a Return On Invested Capital of 11.54%. This is amongst the best in the industry. MPLX outperforms 87.92% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for MPLX is significantly below the industry average of 21.94%.
| 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
- The Profit Margin of MPLX (37.54%) is better than 92.27% 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 90.82% of its industry peers.
- MPLX's Operating Margin has improved in the last couple of years.
- MPLX has a better Gross Margin (60.15%) than 69.08% of its industry peers.
- MPLX's Gross Margin has been stable in the last couple of years.
| 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MPLX is creating some value.
- The number of shares outstanding for MPLX has been increased compared to 1 year ago.
- Compared to 5 years ago, MPLX has less shares outstanding
- The debt/assets ratio for MPLX has been reduced compared to a year ago.
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 63.28% 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 76.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.69 | ||
| Debt/FCF | 5.47 | ||
| Altman-Z | N/A |
ROIC/WACC1.42
WACC8.11%
2.3 Liquidity
- A Current Ratio of 1.31 indicates that MPLX should not have too much problems paying its short term obligations.
- With a Current ratio value of 1.31, MPLX perfoms like the industry average, outperforming 57.97% of the companies in the same industry.
- 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 63.28% 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.
- The Earnings Per Share has been growing by 12.66% on average over the past years. This is quite good.
- MPLX shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.22%.
- 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 Y13.94%
EPS Next 2Y4.86%
EPS Next 3Y6.7%
EPS Next 5Y5.87%
Revenue Next Year8.58%
Revenue Next 2Y6.49%
Revenue Next 3Y6.1%
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.
- 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
- MPLX is valuated reasonably with a Price/Earnings ratio of 11.81.
- Based on the Price/Earnings ratio, MPLX is valued a bit cheaper than the industry average as 75.85% of the companies are valued more expensively.
- MPLX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.60.
- With a Price/Forward Earnings ratio of 12.04, MPLX is valued correctly.
- 70.53% of the companies in the same industry are more expensive than MPLX, based on the Price/Forward Earnings ratio.
- MPLX is valuated cheaply when we compare the Price/Forward Earnings ratio to 25.83, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.81 | ||
| Fwd PE | 12.04 |
4.2 Price Multiples
- MPLX's Enterprise Value to EBITDA ratio is in line with the industry average.
- Based on the Price/Free Cash Flow ratio, MPLX is valued a bit cheaper than the industry average as 71.01% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.1 | ||
| EV/EBITDA | 11.31 |
4.3 Compensation for Growth
- MPLX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- MPLX has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.85
PEG (5Y)0.93
EPS Next 2Y4.86%
EPS Next 3Y6.7%
5. Dividend
5.1 Amount
- MPLX has a Yearly Dividend Yield of 7.75%, which is a nice return.
- Compared to an average industry Dividend Yield of 3.73, MPLX pays a better dividend. On top of this MPLX pays more dividend than 83.09% 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 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.75% |
5.2 History
- The dividend of MPLX has a limited annual growth rate of 5.42%.
- MPLX has paid a dividend for at least 10 years, which is a reliable track record.
- The dividend of MPLX decreased 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 2Y4.86%
EPS Next 3Y6.7%
MPLX LP / MPLX FAQ
Can you provide the ChartMill fundamental rating for MPLX LP?
ChartMill assigns a fundamental rating of 6 / 10 to MPLX.
Can you provide the valuation status for MPLX LP?
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 valuation of MPLX LP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for MPLX LP (MPLX) is 11.81 and the Price/Book (PB) ratio is 3.97.
Can you provide the dividend sustainability for MPLX stock?
The dividend rating of MPLX LP (MPLX) is 6 / 10 and the dividend payout ratio is 81.29%.