MPLX LP (MPLX)
US55336V1008
We assign a fundamental rating of 5 out of 10 to MPLX. MPLX was compared to 205 industry peers in the Oil, Gas & Consumable Fuels industry. While MPLX has a great profitability rating, there are quite some concerns on its financial health. MPLX is not valued too expensively and it also shows a decent growth rate. MPLX also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
MPLX had positive earnings in the past year.
In the past year MPLX had a positive cash flow from operations.
Of the past 5 years MPLX 4 years were profitable.
MPLX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MPLX has a Return On Assets of 11.17%. This is in the better half of the industry: MPLX outperforms 79.41% of its industry peers.
With an excellent Return On Equity value of 31.75%, MPLX belongs to the best of the industry, outperforming 88.24% of the companies in the same industry.
MPLX has a Return On Invested Capital of 12.16%. This is in the better half of the industry: MPLX outperforms 77.45% of its industry peers.
MPLX had an Average Return On Invested Capital over the past 3 years of 11.01%. This is significantly below the industry average of 29.02%.
The last Return On Invested Capital (12.16%) for MPLX is above the 3 year average (11.01%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.17% | ||
| ROE | 31.75% | ||
| ROIC | 12.16% |
ROA(3y)9.82%
ROA(5y)5.89%
ROE(3y)28.87%
ROE(5y)17.14%
ROIC(3y)11.01%
ROIC(5y)9.2%
1.3 Margins
The Profit Margin of MPLX (36.34%) is better than 86.27% of its industry peers.
In the last couple of years the Profit Margin of MPLX has grown nicely.
The Operating Margin of MPLX (44.55%) is better than 84.31% of its industry peers.
MPLX's Operating Margin has improved in the last couple of years.
MPLX's Gross Margin of 59.89% is fine compared to the rest of the industry. MPLX outperforms 66.18% of its industry peers.
MPLX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.55% | ||
| PM (TTM) | 36.34% | ||
| GM | 59.89% |
OM growth 3Y10.98%
OM growth 5Y2.21%
PM growth 3YN/A
PM growth 5Y6.41%
GM growth 3Y1.24%
GM growth 5Y0.59%
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.
MPLX has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, MPLX has more shares outstanding
The debt/assets ratio for MPLX is higher compared to a year ago.
2.2 Solvency
MPLX has a debt to FCF ratio of 4.71. This is a neutral value as MPLX would need 4.71 years to pay back of all of its debts.
The Debt to FCF ratio of MPLX (4.71) is better than 62.25% of its industry peers.
A Debt/Equity ratio of 1.44 is on the high side and indicates that MPLX has dependencies on debt financing.
MPLX's Debt to Equity ratio of 1.44 is on the low side compared to the rest of the industry. MPLX is outperformed by 79.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 4.71 | ||
| Altman-Z | N/A |
ROIC/WACC1.58
WACC7.69%
2.3 Liquidity
A Current Ratio of 0.99 indicates that MPLX may have some problems paying its short term obligations.
With a Current ratio value of 0.99, MPLX is not doing good in the industry: 62.75% of the companies in the same industry are doing better.
MPLX has a Quick Ratio of 0.99. This is a bad value and indicates that MPLX is not financially healthy enough and could expect problems in meeting its short term obligations.
MPLX's Quick ratio of 0.95 is in line compared to the rest of the industry. MPLX outperforms 44.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.95 |
3. Growth
3.1 Past
MPLX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 21.49%, which is quite impressive.
The Earnings Per Share has been growing by 10.05% on average over the past years. This is quite good.
Looking at the last year, MPLX shows a small growth in Revenue. The Revenue has grown by 7.83% in the last year.
The Revenue has been growing by 10.00% on average over the past years. This is quite good.
EPS 1Y (TTM)21.49%
EPS 3Y16.66%
EPS 5Y10.05%
EPS Q2Q%13.48%
Revenue 1Y (TTM)7.83%
Revenue growth 3Y14.23%
Revenue growth 5Y10%
Sales Q2Q%2.06%
3.2 Future
The Earnings Per Share is expected to grow by 5.66% on average over the next years.
Based on estimates for the next years, MPLX will show a small growth in Revenue. The Revenue will grow by 1.12% on average per year.
EPS Next Y11.95%
EPS Next 2Y7.19%
EPS Next 3Y6.9%
EPS Next 5Y5.66%
Revenue Next Year7.17%
Revenue Next 2Y6.06%
Revenue Next 3Y4.65%
Revenue Next 5Y1.12%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last 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
MPLX is valuated reasonably with a Price/Earnings ratio of 11.15.
MPLX's Price/Earnings ratio is in line with the industry average.
MPLX is valuated cheaply when we compare the Price/Earnings ratio to 27.73, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 10.80, the valuation of MPLX can be described as reasonable.
Based on the Price/Forward Earnings ratio, MPLX is valued a bit cheaper than the industry average as 60.78% of the companies are valued more expensively.
MPLX is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.83, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.15 | ||
| Fwd PE | 10.8 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MPLX indicates a slightly more expensive valuation: MPLX is more expensive than 60.78% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, MPLX is valued a bit cheaper than 64.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.17 | ||
| EV/EBITDA | 10.41 |
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.
The excellent profitability rating of MPLX may justify a higher PE ratio.
PEG (NY)0.93
PEG (5Y)1.11
EPS Next 2Y7.19%
EPS Next 3Y6.9%
5. Dividend
5.1 Amount
MPLX has a Yearly Dividend Yield of 8.29%, which is a nice return.
MPLX's Dividend Yield is rather good when compared to the industry average which is at 7.08. MPLX pays more dividend than 80.88% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, MPLX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.29% |
5.2 History
The dividend of MPLX has a limited annual growth rate of 0.89%.
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)0.89%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
MPLX pays out 81.38% of its income as dividend. This is not a sustainable payout ratio.
MPLX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP81.38%
EPS Next 2Y7.19%
EPS Next 3Y6.9%
MPLX LP
NYSE:MPLX (12/20/2024, 8:25:24 PM)
After market: 47.74 +0.46 (+0.97%)47.28
+1.14 (+2.47%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners23.6%
Inst Owner Change-2.94%
Ins Owners0.16%
Ins Owner Change0.41%
Market Cap48.17B
Analysts77.14
Price Target51.94 (9.86%)
Short Float %3.09%
Short Ratio6.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.29% |
Dividend Growth(5Y)0.89%
DP81.38%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.91%
Min EPS beat(2)-5.24%
Max EPS beat(2)15.06%
EPS beat(4)2
Avg EPS beat(4)5.67%
Min EPS beat(4)-5.24%
Max EPS beat(4)15.06%
EPS beat(8)4
Avg EPS beat(8)1.83%
EPS beat(12)7
Avg EPS beat(12)6.45%
EPS beat(16)9
Avg EPS beat(16)4.89%
Revenue beat(2)0
Avg Revenue beat(2)-7.68%
Min Revenue beat(2)-9.61%
Max Revenue beat(2)-5.74%
Revenue beat(4)1
Avg Revenue beat(4)-4.19%
Min Revenue beat(4)-9.61%
Max Revenue beat(4)1.06%
Revenue beat(8)3
Avg Revenue beat(8)-2.2%
Revenue beat(12)7
Avg Revenue beat(12)0.95%
Revenue beat(16)11
Avg Revenue beat(16)1.93%
PT rev (1m)6.75%
PT rev (3m)9.24%
EPS NQ rev (1m)0.14%
EPS NQ rev (3m)-1.69%
EPS NY rev (1m)-1.42%
EPS NY rev (3m)-0.76%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.39%
Revenue NY rev (1m)-0.11%
Revenue NY rev (3m)-0.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.15 | ||
| Fwd PE | 10.8 | ||
| P/S | 4.07 | ||
| P/FCF | 10.17 | ||
| P/OCF | 8.36 | ||
| P/B | 3.56 | ||
| P/tB | 9 | ||
| EV/EBITDA | 10.41 |
EPS(TTM)4.24
EY8.97%
EPS(NY)4.38
Fwd EY9.26%
FCF(TTM)4.65
FCFY9.83%
OCF(TTM)5.65
OCFY11.96%
SpS11.62
BVpS13.3
TBVpS5.25
PEG (NY)0.93
PEG (5Y)1.11
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.17% | ||
| ROE | 31.75% | ||
| ROCE | 15.4% | ||
| ROIC | 12.16% | ||
| ROICexc | 13.09% | ||
| ROICexgc | 17.63% | ||
| OM | 44.55% | ||
| PM (TTM) | 36.34% | ||
| GM | 59.89% | ||
| FCFM | 40.02% |
ROA(3y)9.82%
ROA(5y)5.89%
ROE(3y)28.87%
ROE(5y)17.14%
ROIC(3y)11.01%
ROIC(5y)9.2%
ROICexc(3y)11.16%
ROICexc(5y)9.29%
ROICexgc(3y)15%
ROICexgc(5y)12.55%
ROCE(3y)13.94%
ROCE(5y)11.64%
ROICexcg growth 3Y28.7%
ROICexcg growth 5Y13.37%
ROICexc growth 3Y28.62%
ROICexc growth 5Y15.12%
OM growth 3Y10.98%
OM growth 5Y2.21%
PM growth 3YN/A
PM growth 5Y6.41%
GM growth 3Y1.24%
GM growth 5Y0.59%
F-Score8
Asset Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 4.71 | ||
| Debt/EBITDA | 2.98 | ||
| Cap/Depr | 80.87% | ||
| Cap/Sales | 8.64% | ||
| Interest Coverage | 5.9 | ||
| Cash Conversion | 88.1% | ||
| Profit Quality | 110.14% | ||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.95 | ||
| Altman-Z | N/A |
F-Score8
WACC7.69%
ROIC/WACC1.58
Cap/Depr(3y)61.29%
Cap/Depr(5y)92.36%
Cap/Sales(3y)6.84%
Cap/Sales(5y)12.56%
Profit Quality(3y)125.39%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)21.49%
EPS 3Y16.66%
EPS 5Y10.05%
EPS Q2Q%13.48%
EPS Next Y11.95%
EPS Next 2Y7.19%
EPS Next 3Y6.9%
EPS Next 5Y5.66%
Revenue 1Y (TTM)7.83%
Revenue growth 3Y14.23%
Revenue growth 5Y10%
Sales Q2Q%2.06%
Revenue Next Year7.17%
Revenue Next 2Y6.06%
Revenue Next 3Y4.65%
Revenue Next 5Y1.12%
EBIT growth 1Y13.45%
EBIT growth 3Y26.77%
EBIT growth 5Y12.43%
EBIT Next Year38.79%
EBIT Next 3Y14.39%
EBIT Next 5Y9.38%
FCF growth 1Y12.76%
FCF growth 3Y10.14%
FCF growth 5Y35.96%
OCF growth 1Y17.77%
OCF growth 3Y6.08%
OCF growth 5Y11.94%