MPLX LP (MPLX) Stock Fundamental Analysis
USA - NYSE:MPLX - US55336V1008
53.21 USD
+1.26 (+2.43%)
53.0563 USD
-0.15 (-0.29%)
Overall MPLX gets a fundamental rating of 6 out of 10. We evaluated MPLX against 210 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 has a correct valuation and a medium growth rate.
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.
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 91.43% of the companies in the same industry.
The Return On Equity of MPLX (33.64%) is better than 92.86% of its industry peers.
Looking at the Return On Invested Capital, with a value of 11.54%, MPLX belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
MPLX had an Average Return On Invested Capital over the past 3 years of 11.77%. This is significantly below the industry average of 21.72%.
| 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
Looking at the Profit Margin, with a value of 37.54%, MPLX belongs to the top of the industry, outperforming 91.90% 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 (45.30%) is better than 89.52% of its industry peers.
MPLX's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 60.15%, MPLX is doing good in the industry, outperforming 68.57% 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.
Compared to 1 year ago, MPLX has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of MPLX is 5.47, which is a neutral value as it means it would take MPLX, 5.47 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 5.47, MPLX is doing good in the industry, outperforming 62.86% of the companies in the same industry.
MPLX has a Debt/Equity ratio of 1.69. This is a high value indicating a heavy dependency on external 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 77.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.69 | ||
| Debt/FCF | 5.47 | ||
| Altman-Z | N/A |
ROIC/WACC1.43
WACC8.07%
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.
With a Current ratio value of 1.31, MPLX perfoms like the industry average, outperforming 58.10% of the companies in the same 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.
With a decent Quick ratio value of 1.26, MPLX is doing good in the industry, outperforming 63.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.31 | ||
| Quick Ratio | 1.26 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 11.32% over the past year.
The Earnings Per Share has been growing by 12.66% on average over the past years. This is quite good.
Looking at the last year, MPLX shows a quite strong growth in Revenue. The Revenue has grown by 8.22% in the last year.
The Revenue has been growing slightly by 5.71% on average over the past years.
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 6.42% yearly.
The Revenue is expected to grow by 4.32% on average over the next years.
EPS Next Y5.67%
EPS Next 2Y5.87%
EPS Next 3Y6.61%
EPS Next 5Y6.42%
Revenue Next Year5.75%
Revenue Next 2Y5.72%
Revenue Next 3Y5.72%
Revenue Next 5Y4.32%
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
With a Price/Earnings ratio of 11.27, the valuation of MPLX can be described as very reasonable.
71.90% of the companies in the same industry are more expensive than MPLX, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of MPLX to the average of the S&P500 Index (25.89), we can say MPLX is valued rather cheaply.
The Price/Forward Earnings ratio is 11.28, which indicates a very decent valuation of MPLX.
68.57% of the companies in the same industry are more expensive than MPLX, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.59, MPLX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.27 | ||
| Fwd PE | 11.28 |
4.2 Price Multiples
MPLX's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MPLX indicates a somewhat cheap valuation: MPLX is cheaper than 72.86% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.57 | ||
| EV/EBITDA | 10.97 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
MPLX has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.99
PEG (5Y)0.89
EPS Next 2Y5.87%
EPS Next 3Y6.61%
5. Dividend
5.1 Amount
MPLX has a Yearly Dividend Yield of 8.29%, which is a nice return.
Compared to an average industry Dividend Yield of 5.87, MPLX pays a better dividend. On top of this MPLX pays more dividend than 83.33% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, 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 5.42%.
MPLX has been paying a dividend for at least 10 years, so it has 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
81.29% of the earnings are spent on dividend by MPLX. This is not a sustainable payout ratio.
MPLX's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP81.29%
EPS Next 2Y5.87%
EPS Next 3Y6.61%
53.21
+1.26 (+2.43%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners21.55%
Inst Owner Change-7.77%
Ins Owners0.15%
Ins Owner Change0.54%
Market Cap54.22B
Revenue(TTM)12.81B
Net Income(TTM)4.81B
Analysts77
Price Target58.06 (9.11%)
Short Float %2.01%
Short Ratio5.16
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.29% |
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)0.31%
PT rev (3m)1.33%
EPS NQ rev (1m)-1.83%
EPS NQ rev (3m)-6.51%
EPS NY rev (1m)-0.17%
EPS NY rev (3m)-2.39%
Revenue NQ rev (1m)-0.27%
Revenue NQ rev (3m)-1.17%
Revenue NY rev (1m)0.15%
Revenue NY rev (3m)-1.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.27 | ||
| Fwd PE | 11.28 | ||
| P/S | 4.23 | ||
| P/FCF | 11.57 | ||
| P/OCF | 8.91 | ||
| P/B | 3.79 | ||
| P/tB | 13.16 | ||
| EV/EBITDA | 10.97 |
EPS(TTM)4.72
EY8.87%
EPS(NY)4.72
Fwd EY8.87%
FCF(TTM)4.6
FCFY8.64%
OCF(TTM)5.97
OCFY11.23%
SpS12.57
BVpS14.03
TBVpS4.04
PEG (NY)1.99
PEG (5Y)0.89
Graham Number38.6
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
WACC8.07%
ROIC/WACC1.43
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 Y5.67%
EPS Next 2Y5.87%
EPS Next 3Y6.61%
EPS Next 5Y6.42%
Revenue 1Y (TTM)8.22%
Revenue growth 3Y5.97%
Revenue growth 5Y5.71%
Sales Q2Q%21.77%
Revenue Next Year5.75%
Revenue Next 2Y5.72%
Revenue Next 3Y5.72%
Revenue Next 5Y4.32%
EBIT growth 1Y10.05%
EBIT growth 3Y9.44%
EBIT growth 5Y8.04%
EBIT Next Year33.46%
EBIT Next 3Y14.72%
EBIT Next 5Y10.12%
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 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 expected EPS growth for MPLX LP (MPLX) stock?
The Earnings per Share (EPS) of MPLX LP (MPLX) is expected to grow by 5.67% 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%.