MPLX LP (MPLX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MPLX - US55336V1008
54.01 USD
+0.08 (+0.15%)
54.03 USD
+0.02 (+0.04%)
Overall MPLX gets a fundamental rating of 6 out of 10. We evaluated MPLX against 209 industry peers in the Oil, Gas & Consumable Fuels industry. MPLX scores excellent on profitability, 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
In the past year MPLX was profitable.
MPLX had a positive operating cash flow in the past year.
MPLX had positive earnings in 4 of the past 5 years.
In the past 5 years MPLX always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of MPLX (11.12%) is better than 92.34% of its industry peers.
MPLX's Return On Equity of 33.64% is amongst the best of the industry. MPLX outperforms 93.30% of its industry peers.
The Return On Invested Capital of MPLX (11.54%) is better than 87.56% 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 21.18%.
| 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 better Profit Margin (37.54%) 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 (45.30%) is better than 90.43% of its industry peers.
In the last couple of years the Operating Margin of MPLX has grown nicely.
MPLX has a better Gross Margin (60.15%) than 68.90% 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.
MPLX has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, MPLX has an improved debt to assets ratio.
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 has a better Debt to FCF ratio (5.47) than 63.64% 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 Debt to Equity ratio of 1.69. This is in the lower half of the industry: MPLX underperforms 77.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.69 | ||
| Debt/FCF | 5.47 | ||
| Altman-Z | N/A |
ROIC/WACC1.45
WACC7.96%
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.
The Current ratio of MPLX (1.31) is comparable to the rest of the industry.
MPLX has a Quick Ratio of 1.26. This is a normal value and indicates that MPLX is financially healthy and should not expect problems in meeting its short term obligations.
MPLX's Quick ratio of 1.26 is fine compared to the rest of the industry. MPLX outperforms 64.11% of its industry peers.
| 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
MPLX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.87% yearly.
The Revenue is expected to grow by 4.33% on average over the next years.
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
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
A Price/Earnings ratio of 11.44 indicates a reasonable valuation of MPLX.
71.77% of the companies in the same industry are more expensive than MPLX, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.84. MPLX is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 11.60 indicates a reasonable valuation of MPLX.
Based on the Price/Forward Earnings ratio, MPLX is valued a bit cheaper than 66.03% of the companies in the same industry.
MPLX is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.40, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.44 | ||
| Fwd PE | 11.6 |
4.2 Price Multiples
MPLX's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, MPLX is valued a bit cheaper than the industry average as 70.33% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.72 | ||
| EV/EBITDA | 11.05 |
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)0.86
PEG (5Y)0.9
EPS Next 2Y5.15%
EPS Next 3Y7.04%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.97%, MPLX is a good candidate for dividend investing.
MPLX's Dividend Yield is rather good when compared to the industry average which is at 3.93. MPLX pays more dividend than 81.82% of the companies in the same industry.
MPLX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.00.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.97% |
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
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%
54.01
+0.08 (+0.15%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners20.95%
Inst Owner Change-7.76%
Ins Owners0.12%
Ins Owner Change0.4%
Market Cap54.93B
Revenue(TTM)12.81B
Net Income(TTM)4.81B
Analysts77
Price Target58.43 (8.18%)
Short Float %2.49%
Short Ratio5.79
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.97% |
Yearly Dividend3.57
Dividend Growth(5Y)5.42%
DP81.29%
Div Incr Years2
Div Non Decr Years2
Ex-Date
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)0.75%
PT rev (3m)0.82%
EPS NQ rev (1m)1.14%
EPS NQ rev (3m)-2.34%
EPS NY rev (1m)7.23%
EPS NY rev (3m)7.05%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)2.89%
Revenue NY rev (3m)3.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.44 | ||
| Fwd PE | 11.6 | ||
| P/S | 4.29 | ||
| P/FCF | 11.72 | ||
| P/OCF | 9.02 | ||
| P/B | 3.84 | ||
| P/tB | 13.33 | ||
| EV/EBITDA | 11.05 |
EPS(TTM)4.72
EY8.74%
EPS(NY)4.65
Fwd EY8.62%
FCF(TTM)4.61
FCFY8.53%
OCF(TTM)5.99
OCFY11.08%
SpS12.59
BVpS14.06
TBVpS4.05
PEG (NY)0.86
PEG (5Y)0.9
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
WACC7.96%
ROIC/WACC1.45
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.
What is the valuation status for MPLX stock?
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 expected EPS growth for MPLX LP (MPLX) stock?
The Earnings per Share (EPS) of MPLX LP (MPLX) is expected to grow by 13.31% in the next year.
Is the dividend of MPLX LP sustainable?
The dividend rating of MPLX LP (MPLX) is 6 / 10 and the dividend payout ratio is 81.29%.