MPLX LP (MPLX)
US55336V1008
MPLX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 204 industry peers in the Oil, Gas & Consumable Fuels industry. While MPLX belongs to the best of the industry regarding profitability, there are concerns on its financial health. MPLX has a correct valuation and a medium growth rate. Finally MPLX also has an excellent dividend rating.
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 has a Return On Assets of 11.17%. This is in the better half of the industry: MPLX outperforms 78.82% of its industry peers.
MPLX has a better Return On Equity (31.75%) than 88.18% of its industry peers.
MPLX's Return On Invested Capital of 12.16% is fine compared to the rest of the industry. MPLX outperforms 74.38% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MPLX is significantly below the industry average of 22.54%.
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
Looking at the Profit Margin, with a value of 36.34%, MPLX belongs to the top of the industry, outperforming 85.22% of the companies in the same industry.
In the last couple of years the Profit Margin of MPLX has grown nicely.
The Operating Margin of MPLX (44.55%) is better than 84.24% of its industry peers.
In the last couple of years the Operating Margin of MPLX has grown nicely.
MPLX's Gross Margin of 59.89% is fine compared to the rest of the industry. MPLX outperforms 66.01% 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MPLX is still creating some value.
MPLX has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for MPLX has been increased compared to 5 years ago.
Compared to 1 year ago, MPLX has a worse debt to assets ratio.
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.
MPLX's Debt to FCF ratio of 4.71 is fine compared to the rest of the industry. MPLX outperforms 60.59% 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.
Looking at the Debt to Equity ratio, with a value of 1.44, MPLX is doing worse than 80.79% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 4.71 | ||
| Altman-Z | N/A |
ROIC/WACC1.6
WACC7.58%
2.3 Liquidity
A Current Ratio of 0.99 indicates that MPLX may have some problems paying its short term obligations.
The Current ratio of MPLX (0.99) is worse than 63.05% of its industry peers.
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 has a Quick ratio (0.95) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.95 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 21.49% 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 10.05% yearly.
The Revenue has been growing slightly by 7.83% in the past year.
Measured over the past years, MPLX shows a quite strong growth in Revenue. The Revenue has been growing by 10.00% on average per year.
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
MPLX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.84% yearly.
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 Y13.56%
EPS Next 2Y8.8%
EPS Next 3Y7.38%
EPS Next 5Y5.84%
Revenue Next Year7.29%
Revenue Next 2Y6.03%
Revenue Next 3Y3.14%
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.
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 11.38.
MPLX's Price/Earnings ratio is a bit cheaper when compared to the industry. MPLX is cheaper than 60.59% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.96. MPLX is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 10.70, which indicates a very decent valuation of MPLX.
Based on the Price/Forward Earnings ratio, MPLX is valued a bit cheaper than the industry average as 65.02% of the companies are valued more expensively.
MPLX's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.38 | ||
| Fwd PE | 10.7 |
4.2 Price Multiples
MPLX's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. MPLX is more expensive than 61.08% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, MPLX is valued a bit cheaper than 66.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.38 | ||
| EV/EBITDA | 10.45 |
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.
MPLX has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.84
PEG (5Y)1.13
EPS Next 2Y8.8%
EPS Next 3Y7.38%
5. Dividend
5.1 Amount
MPLX has a Yearly Dividend Yield of 8.25%, which is a nice return.
Compared to an average industry Dividend Yield of 6.45, MPLX pays a better dividend. On top of this MPLX pays more dividend than 81.77% 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 2.23.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.25% |
5.2 History
The dividend of MPLX has a limited annual growth rate of 0.89%.
MPLX has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of MPLX decreased recently.
Dividend Growth(5Y)0.89%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
81.38% of the earnings are spent on dividend by MPLX. 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 2Y8.8%
EPS Next 3Y7.38%
MPLX LP
NYSE:MPLX (11/21/2024, 8:04:00 PM)
After market: 48.2982 +0.03 (+0.06%)48.27
+0.69 (+1.45%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap49.18B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.25% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.38 | ||
| Fwd PE | 10.7 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.84
PEG (5Y)1.13
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.17% | ||
| ROE | 31.75% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 44.55% | ||
| PM (TTM) | 36.34% | ||
| GM | 59.89% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.95 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)21.49%
EPS 3Y16.66%
EPS 5Y
EPS Q2Q%
EPS Next Y13.56%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)7.83%
Revenue growth 3Y14.23%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y