MPLX LP (MPLX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MPLX - US55336V1008
53 USD
+0.45 (+0.86%)
53.29 USD
+0.29 (+0.55%)
Overall MPLX gets a fundamental rating of 6 out of 10. We evaluated MPLX against 208 industry peers in the Oil, Gas & Consumable Fuels industry. MPLX has an excellent profitability rating, but there are some minor concerns on its financial health. MPLX scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
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.
Each year in the past 5 years MPLX had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 11.12%, MPLX belongs to the top of the industry, outperforming 92.31% of the companies in the same industry.
Looking at the Return On Equity, with a value of 33.64%, MPLX belongs to the top of the industry, outperforming 92.79% 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 87.98% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MPLX is significantly below the industry average of 21.83%.
| 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 has a Profit Margin of 37.54%. This is amongst the best in the industry. MPLX outperforms 92.31% of its industry peers.
In the last couple of years the Profit Margin of MPLX has grown nicely.
With an excellent Operating Margin value of 45.30%, MPLX belongs to the best of the industry, outperforming 90.87% of the companies in the same industry.
MPLX's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 60.15%, MPLX is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
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.
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.
The debt/assets ratio for MPLX has been reduced compared to a year ago.
2.2 Solvency
MPLX has a debt to FCF ratio of 5.47. This is a neutral value as MPLX would need 5.47 years to pay back of all of its debts.
MPLX's Debt to FCF ratio of 5.47 is fine compared to the rest of the industry. MPLX outperforms 63.46% of its industry peers.
MPLX has a Debt/Equity ratio of 1.69. This is a high value indicating a heavy dependency on external financing.
MPLX has a worse Debt to Equity ratio (1.69) than 75.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.69 | ||
| Debt/FCF | 5.47 | ||
| Altman-Z | N/A |
ROIC/WACC1.49
WACC7.75%
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 58.65% of its industry peers.
A Quick Ratio of 1.26 indicates that MPLX should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.26, MPLX is doing good in the industry, outperforming 63.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.31 | ||
| Quick Ratio | 1.26 |
3. Growth
3.1 Past
MPLX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.32%, which is quite good.
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
The Earnings Per Share is expected to grow by 5.87% 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 4.33% on average per year.
EPS Next Y13.31%
EPS Next 2Y5.15%
EPS Next 3Y7.04%
EPS Next 5Y5.87%
Revenue Next Year8.81%
Revenue Next 2Y6.43%
Revenue Next 3Y6.32%
Revenue Next 5Y4.33%
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
MPLX is valuated reasonably with a Price/Earnings ratio of 11.23.
Based on the Price/Earnings ratio, MPLX is valued a bit cheaper than the industry average as 74.04% 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 27.19.
The Price/Forward Earnings ratio is 11.39, which indicates a very decent valuation of MPLX.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MPLX indicates a somewhat cheap valuation: MPLX is cheaper than 68.27% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.92. MPLX is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.23 | ||
| Fwd PE | 11.39 |
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MPLX indicates a somewhat cheap valuation: MPLX is cheaper than 71.63% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.5 | ||
| EV/EBITDA | 10.92 |
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)0.84
PEG (5Y)0.89
EPS Next 2Y5.15%
EPS Next 3Y7.04%
5. Dividend
5.1 Amount
MPLX has a Yearly Dividend Yield of 8.19%, which is a nice return.
MPLX's Dividend Yield is rather good when compared to the industry average which is at 3.91. MPLX pays more dividend than 82.21% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 1.92, MPLX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.19% |
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.
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
MPLX pays out 81.29% of its income as dividend. 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 2Y5.15%
EPS Next 3Y7.04%
53
+0.45 (+0.86%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners20.94%
Inst Owner Change0.04%
Ins Owners0.12%
Ins Owner Change0.4%
Market Cap53.90B
Revenue(TTM)12.81B
Net Income(TTM)4.81B
Analysts76
Price Target58.43 (10.25%)
Short Float %2.77%
Short Ratio6.62
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.19% |
Yearly Dividend3.57
Dividend Growth(5Y)5.42%
DP81.29%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
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%
PT rev (3m)0.94%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.81%
EPS NY rev (1m)0%
EPS NY rev (3m)7.05%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.23 | ||
| Fwd PE | 11.39 | ||
| P/S | 4.21 | ||
| P/FCF | 11.5 | ||
| P/OCF | 8.85 | ||
| P/B | 3.77 | ||
| P/tB | 13.08 | ||
| EV/EBITDA | 10.92 |
EPS(TTM)4.72
EY8.91%
EPS(NY)4.65
Fwd EY8.78%
FCF(TTM)4.61
FCFY8.69%
OCF(TTM)5.99
OCFY11.29%
SpS12.59
BVpS14.06
TBVpS4.05
PEG (NY)0.84
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
WACC7.75%
ROIC/WACC1.49
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 Y13.31%
EPS Next 2Y5.15%
EPS Next 3Y7.04%
EPS Next 5Y5.87%
Revenue 1Y (TTM)8.22%
Revenue growth 3Y5.97%
Revenue growth 5Y5.71%
Sales Q2Q%21.77%
Revenue Next Year8.81%
Revenue Next 2Y6.43%
Revenue Next 3Y6.32%
Revenue Next 5Y4.33%
EBIT growth 1Y10.05%
EBIT growth 3Y9.44%
EBIT growth 5Y8.04%
EBIT Next Year33.12%
EBIT Next 3Y14.93%
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.
Can you provide the valuation status for MPLX LP?
ChartMill assigns a valuation rating of 7 / 10 to MPLX LP (MPLX). This can be considered as Undervalued.
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 11.23 and the Price/Book (PB) ratio is 3.77.
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%.