MPLX LP (MPLX) Fundamental Analysis & Valuation

NYSE:MPLX • US55336V1008

Current stock price

58.13 USD
-0.83 (-1.41%)
At close:
58.25 USD
+0.12 (+0.21%)
After Hours:

This MPLX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. MPLX Profitability Analysis

1.1 Basic Checks

  • In the past year MPLX was profitable.
  • In the past year MPLX had a positive cash flow from operations.
  • In the past 5 years MPLX has always been profitable.
  • Each year in the past 5 years MPLX had a positive operating cash flow.
MPLX Yearly Net Income VS EBIT VS OCF VS FCFMPLX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B

1.2 Ratios

  • MPLX has a better Return On Assets (11.42%) than 90.43% of its industry peers.
  • MPLX has a better Return On Equity (34.35%) than 93.30% of its industry peers.
  • With an excellent Return On Invested Capital value of 11.81%, MPLX belongs to the best of the industry, outperforming 88.52% 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 23.03%.
Industry RankSector Rank
ROA 11.42%
ROE 34.35%
ROIC 11.81%
ROA(3y)11.11%
ROA(5y)10.46%
ROE(3y)32.23%
ROE(5y)30.51%
ROIC(3y)11.82%
ROIC(5y)11.41%
MPLX Yearly ROA, ROE, ROICMPLX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

1.3 Margins

  • The Profit Margin of MPLX (37.80%) is better than 92.34% of its industry peers.
  • In the last couple of years the Profit Margin of MPLX has grown nicely.
  • The Operating Margin of MPLX (45.72%) is better than 91.87% of its industry peers.
  • MPLX's Operating Margin has improved in the last couple of years.
  • With a decent Gross Margin value of 60.60%, MPLX is doing good in the industry, outperforming 69.86% of the companies in the same industry.
  • MPLX's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 45.72%
PM (TTM) 37.8%
GM 60.6%
OM growth 3Y2.64%
OM growth 5Y7.48%
PM growth 3Y4.78%
PM growth 5YN/A
GM growth 3Y2.21%
GM growth 5Y1.33%
MPLX Yearly Profit, Operating, Gross MarginsMPLX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

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3

2. MPLX Health Analysis

2.1 Basic Checks

  • MPLX has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, MPLX has about the same amount of shares outstanding.
  • MPLX has less shares outstanding than it did 5 years ago.
  • MPLX has a worse debt/assets ratio than last year.
MPLX Yearly Shares OutstandingMPLX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
MPLX Yearly Total Debt VS Total AssetsMPLX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

2.2 Solvency

  • MPLX has a debt to FCF ratio of 6.26. This is a slightly negative value and a sign of low solvency as MPLX would need 6.26 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 6.26, MPLX is in the better half of the industry, outperforming 61.72% of the companies in the same industry.
  • A Debt/Equity ratio of 1.69 is on the high side and indicates that MPLX has dependencies on debt financing.
  • MPLX's Debt to Equity ratio of 1.69 is on the low side compared to the rest of the industry. MPLX is outperformed by 74.64% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.69
Debt/FCF 6.26
Altman-Z N/A
ROIC/WACC1.6
WACC7.38%
MPLX Yearly LT Debt VS Equity VS FCFMPLX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.3 Liquidity

  • A Current Ratio of 1.23 indicates that MPLX should not have too much problems paying its short term obligations.
  • MPLX has a Current ratio of 1.23. This is comparable to the rest of the industry: MPLX outperforms 54.55% of its industry peers.
  • MPLX has a Quick Ratio of 1.18. This is a normal value and indicates that MPLX is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 1.18, MPLX is in the better half of the industry, outperforming 61.24% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.23
Quick Ratio 1.18
MPLX Yearly Current Assets VS Current LiabilitesMPLX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. MPLX Growth Analysis

3.1 Past

  • MPLX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 14.49%, which is quite good.
  • Measured over the past years, MPLX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.97% on average per year.
  • MPLX shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.92%.
  • MPLX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.42% yearly.
EPS 1Y (TTM)14.49%
EPS 3Y8.73%
EPS 5Y14.97%
EPS Q2Q%9.35%
Revenue 1Y (TTM)8.92%
Revenue growth 3Y3.83%
Revenue growth 5Y11.42%
Sales Q2Q%6.17%

3.2 Future

  • MPLX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.43% yearly.
  • Based on estimates for the next years, MPLX will show a small growth in Revenue. The Revenue will grow by 3.73% on average per year.
EPS Next Y-3.61%
EPS Next 2Y2.68%
EPS Next 3Y4.38%
EPS Next 5Y4.43%
Revenue Next Year1.61%
Revenue Next 2Y3.39%
Revenue Next 3Y4.7%
Revenue Next 5Y3.73%

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.
MPLX Yearly Revenue VS EstimatesMPLX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 5B 10B 15B
MPLX Yearly EPS VS EstimatesMPLX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 0 2 4 6

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6

4. MPLX Valuation Analysis

4.1 Price/Earnings Ratio

  • MPLX is valuated correctly with a Price/Earnings ratio of 12.06.
  • Compared to the rest of the industry, the Price/Earnings ratio of MPLX indicates a rather cheap valuation: MPLX is cheaper than 80.38% of the companies listed in the same industry.
  • MPLX is valuated cheaply when we compare the Price/Earnings ratio to 24.89, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 12.51, MPLX is valued correctly.
  • Based on the Price/Forward Earnings ratio, MPLX is valued cheaply inside the industry as 80.86% of the companies are valued more expensively.
  • MPLX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.19.
Industry RankSector Rank
PE 12.06
Fwd PE 12.51
MPLX Price Earnings VS Forward Price EarningsMPLX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as MPLX.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MPLX indicates a somewhat cheap valuation: MPLX is cheaper than 72.73% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 14.39
EV/EBITDA 11.31
MPLX Per share dataMPLX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

  • MPLX has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.81
EPS Next 2Y2.68%
EPS Next 3Y4.38%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. MPLX Dividend Analysis

5.1 Amount

  • MPLX has a Yearly Dividend Yield of 7.30%, which is a nice return.
  • MPLX's Dividend Yield is rather good when compared to the industry average which is at 3.20. MPLX pays more dividend than 84.21% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.89, MPLX pays a better dividend.
Industry RankSector Rank
Dividend Yield 7.3%

5.2 History

  • On average, the dividend of MPLX grows each year by 6.62%, which is quite nice.
  • 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)6.62%
Div Incr Years2
Div Non Decr Years2
MPLX Yearly Dividends per shareMPLX Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

5.3 Sustainability

  • MPLX pays out 81.91% of its income as dividend. This is not a sustainable payout ratio.
  • MPLX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP81.91%
EPS Next 2Y2.68%
EPS Next 3Y4.38%
MPLX Yearly Income VS Free CF VS DividendMPLX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B
MPLX Dividend Payout.MPLX Dividend Payout, showing the Payout Ratio.MPLX Dividend Payout.PayoutRetained Earnings

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MPLX Fundamentals: All Metrics, Ratios and Statistics

MPLX LP

NYSE:MPLX (3/27/2026, 8:04:00 PM)

After market: 58.25 +0.12 (+0.21%)

58.13

-0.83 (-1.41%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-03
Earnings (Next)05-04
Inst Owners17.85%
Inst Owner Change-14.4%
Ins Owners0.12%
Ins Owner Change2.36%
Market Cap59.01B
Revenue(TTM)13.00B
Net Income(TTM)4.91B
Analysts75
Price Target60 (3.22%)
Short Float %1.95%
Short Ratio4.16
Dividend
Industry RankSector Rank
Dividend Yield 7.3%
Yearly Dividend3.95
Dividend Growth(5Y)6.62%
DP81.91%
Div Incr Years2
Div Non Decr Years2
Ex-Date02-09
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)23.29%
Min EPS beat(2)8.67%
Max EPS beat(2)37.9%
EPS beat(4)2
Avg EPS beat(4)9.87%
Min EPS beat(4)-5.39%
Max EPS beat(4)37.9%
EPS beat(8)4
Avg EPS beat(8)6.11%
EPS beat(12)7
Avg EPS beat(12)5.37%
EPS beat(16)9
Avg EPS beat(16)7.25%
Revenue beat(2)2
Avg Revenue beat(2)6.29%
Min Revenue beat(2)0.4%
Max Revenue beat(2)12.18%
Revenue beat(4)2
Avg Revenue beat(4)0.98%
Min Revenue beat(4)-6.21%
Max Revenue beat(4)12.18%
Revenue beat(8)2
Avg Revenue beat(8)-2.02%
Revenue beat(12)5
Avg Revenue beat(12)-1.25%
Revenue beat(16)8
Avg Revenue beat(16)0.29%
PT rev (1m)1.84%
PT rev (3m)2.69%
EPS NQ rev (1m)-1.44%
EPS NQ rev (3m)-2.98%
EPS NY rev (1m)0.46%
EPS NY rev (3m)-0.18%
Revenue NQ rev (1m)0.06%
Revenue NQ rev (3m)-3.57%
Revenue NY rev (1m)-1.78%
Revenue NY rev (3m)-2.62%
Valuation
Industry RankSector Rank
PE 12.06
Fwd PE 12.51
P/S 4.54
P/FCF 14.39
P/OCF 9.99
P/B 4.13
P/tB 14.22
EV/EBITDA 11.31
EPS(TTM)4.82
EY8.29%
EPS(NY)4.65
Fwd EY7.99%
FCF(TTM)4.04
FCFY6.95%
OCF(TTM)5.82
OCFY10.01%
SpS12.8
BVpS14.09
TBVpS4.09
PEG (NY)N/A
PEG (5Y)0.81
Graham Number39.09
Profitability
Industry RankSector Rank
ROA 11.42%
ROE 34.35%
ROCE 14.95%
ROIC 11.81%
ROICexc 12.48%
ROICexgc 17.09%
OM 45.72%
PM (TTM) 37.8%
GM 60.6%
FCFM 31.55%
ROA(3y)11.11%
ROA(5y)10.46%
ROE(3y)32.23%
ROE(5y)30.51%
ROIC(3y)11.82%
ROIC(5y)11.41%
ROICexc(3y)12.35%
ROICexc(5y)11.74%
ROICexgc(3y)16.63%
ROICexgc(5y)15.82%
ROCE(3y)14.96%
ROCE(5y)14.44%
ROICexgc growth 3Y2.83%
ROICexgc growth 5Y18.17%
ROICexc growth 3Y2.04%
ROICexc growth 5Y17.57%
OM growth 3Y2.64%
OM growth 5Y7.48%
PM growth 3Y4.78%
PM growth 5YN/A
GM growth 3Y2.21%
GM growth 5Y1.33%
F-Score7
Asset Turnover0.3
Health
Industry RankSector Rank
Debt/Equity 1.69
Debt/FCF 6.26
Debt/EBITDA 3.31
Cap/Depr 133.83%
Cap/Sales 13.91%
Interest Coverage 6.51
Cash Conversion 81.01%
Profit Quality 83.47%
Current Ratio 1.23
Quick Ratio 1.18
Altman-Z N/A
F-Score7
WACC7.38%
ROIC/WACC1.6
Cap/Depr(3y)97.79%
Cap/Depr(5y)80%
Cap/Sales(3y)10.36%
Cap/Sales(5y)8.66%
Profit Quality(3y)104.65%
Profit Quality(5y)114.73%
High Growth Momentum
Growth
EPS 1Y (TTM)14.49%
EPS 3Y8.73%
EPS 5Y14.97%
EPS Q2Q%9.35%
EPS Next Y-3.61%
EPS Next 2Y2.68%
EPS Next 3Y4.38%
EPS Next 5Y4.43%
Revenue 1Y (TTM)8.92%
Revenue growth 3Y3.83%
Revenue growth 5Y11.42%
Sales Q2Q%6.17%
Revenue Next Year1.61%
Revenue Next 2Y3.39%
Revenue Next 3Y4.7%
Revenue Next 5Y3.73%
EBIT growth 1Y12.39%
EBIT growth 3Y6.56%
EBIT growth 5Y19.75%
EBIT Next Year29.02%
EBIT Next 3Y13.84%
EBIT Next 5Y9.26%
FCF growth 1Y-16.14%
FCF growth 3Y-0.89%
FCF growth 5Y4.2%
OCF growth 1Y-0.62%
OCF growth 3Y5.59%
OCF growth 5Y5.5%

MPLX LP / MPLX Fundamental Analysis 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 12.06 and the Price/Book (PB) ratio is 4.13.


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 81.91%.