MPLX LP (MPLX) Stock Fundamental Analysis
USA - NYSE:MPLX - US55336V1008
51.01 USD
-0.05 (-0.1%)
51.16 USD
+0.15 (+0.29%)
Overall MPLX gets a fundamental rating of 5 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 concerns on its financial health. MPLX is valued correctly, but it does not seem to be growing.
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
MPLX has a Return On Assets of 11.35%. This is amongst the best in the industry. MPLX outperforms 89.52% of its industry peers.
MPLX's Return On Equity of 31.09% is amongst the best of the industry. MPLX outperforms 92.38% of its industry peers.
MPLX has a better Return On Invested Capital (11.99%) than 86.67% of its industry peers.
MPLX had an Average Return On Invested Capital over the past 3 years of 11.77%. This is significantly below the industry average of 21.76%.
The last Return On Invested Capital (11.99%) for MPLX is above the 3 year average (11.77%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.35% | ||
| ROE | 31.09% | ||
| ROIC | 11.99% |
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
With an excellent Profit Margin value of 35.32%, MPLX belongs to the best of the industry, outperforming 89.52% of the companies in the same industry.
MPLX's Profit Margin has improved in the last couple of years.
MPLX has a Operating Margin of 43.39%. This is amongst the best in the industry. MPLX outperforms 88.57% of its industry peers.
In the last couple of years the Operating Margin of MPLX has grown nicely.
The Gross Margin of MPLX (58.64%) is better than 67.62% of its industry peers.
In the last couple of years the Gross Margin of MPLX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 43.39% | ||
| PM (TTM) | 35.32% | ||
| GM | 58.64% |
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
MPLX has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
MPLX has more shares outstanding than it did 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 4.32. This is a neutral value as MPLX would need 4.32 years to pay back of all of its debts.
MPLX has a better Debt to FCF ratio (4.32) than 69.05% of its industry peers.
MPLX has a Debt/Equity ratio of 1.43. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.43, MPLX is not doing good in the industry: 74.29% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 4.32 | ||
| Altman-Z | N/A |
ROIC/WACC1.5
WACC8%
2.3 Liquidity
MPLX has a Current Ratio of 1.03. 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 (1.03) which is in line with its industry peers.
MPLX has a Quick Ratio of 1.03. This is a bad value and indicates that MPLX is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.97, MPLX is in line with its industry, outperforming 52.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
MPLX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.18%.
MPLX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 12.66% yearly.
The Revenue has been growing slightly by 3.28% in the past year.
The Revenue has been growing slightly by 5.71% on average over the past years.
EPS 1Y (TTM)2.18%
EPS 3Y13.76%
EPS 5Y12.66%
EPS Q2Q%-10.43%
Revenue 1Y (TTM)3.28%
Revenue growth 3Y5.97%
Revenue growth 5Y5.71%
Sales Q2Q%10.12%
3.2 Future
The Earnings Per Share is expected to grow by 6.76% on average over the next years.
MPLX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.32% yearly.
EPS Next Y6.36%
EPS Next 2Y6.61%
EPS Next 3Y7.76%
EPS Next 5Y6.76%
Revenue Next Year5.56%
Revenue Next 2Y5.77%
Revenue Next 3Y5.79%
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.
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
A Price/Earnings ratio of 12.12 indicates a correct valuation of MPLX.
Based on the Price/Earnings ratio, MPLX is valued a bit cheaper than the industry average as 68.10% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of MPLX to the average of the S&P500 Index (27.20), we can say MPLX is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 10.66, the valuation of MPLX can be described as reasonable.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MPLX indicates a somewhat cheap valuation: MPLX is cheaper than 65.71% of the companies listed in the same industry.
MPLX's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.70.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.12 | ||
| Fwd PE | 10.66 |
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.
Based on the Price/Free Cash Flow ratio, MPLX is valued a bit cheaper than the industry average as 74.29% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.57 | ||
| EV/EBITDA | 10.93 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MPLX does not grow enough to justify the current Price/Earnings ratio.
MPLX has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.91
PEG (5Y)0.96
EPS Next 2Y6.61%
EPS Next 3Y7.76%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.49%, MPLX is a good candidate for dividend investing.
MPLX's Dividend Yield is rather good when compared to the industry average which is at 6.18. MPLX pays more dividend than 81.43% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, MPLX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.49% |
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
MPLX pays out 88.62% 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.
DP88.62%
EPS Next 2Y6.61%
EPS Next 3Y7.76%
51.01
-0.05 (-0.1%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners21.69%
Inst Owner Change6.98%
Ins Owners0.15%
Ins Owner Change1%
Market Cap51.98B
Analysts77.14
Price Target57.95 (13.61%)
Short Float %2.12%
Short Ratio5.83
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.49% |
Yearly Dividend3.57
Dividend Growth(5Y)5.42%
DP88.62%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.55%
Min EPS beat(2)-5.39%
Max EPS beat(2)-1.71%
EPS beat(4)1
Avg EPS beat(4)-2.82%
Min EPS beat(4)-5.39%
Max EPS beat(4)1.07%
EPS beat(8)3
Avg EPS beat(8)1.24%
EPS beat(12)6
Avg EPS beat(12)5.76%
EPS beat(16)9
Avg EPS beat(16)4.52%
Revenue beat(2)0
Avg Revenue beat(2)-4.34%
Min Revenue beat(2)-6.21%
Max Revenue beat(2)-2.47%
Revenue beat(4)0
Avg Revenue beat(4)-4.16%
Min Revenue beat(4)-6.21%
Max Revenue beat(4)-2.2%
Revenue beat(8)2
Avg Revenue beat(8)-2.72%
Revenue beat(12)4
Avg Revenue beat(12)-2%
Revenue beat(16)8
Avg Revenue beat(16)0.36%
PT rev (1m)1.14%
PT rev (3m)0.8%
EPS NQ rev (1m)-3.02%
EPS NQ rev (3m)-4.84%
EPS NY rev (1m)-1.76%
EPS NY rev (3m)-1.31%
Revenue NQ rev (1m)-0.12%
Revenue NQ rev (3m)-1.92%
Revenue NY rev (1m)-1.98%
Revenue NY rev (3m)-1.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.12 | ||
| Fwd PE | 10.66 | ||
| P/S | 4.27 | ||
| P/FCF | 10.57 | ||
| P/OCF | 8.56 | ||
| P/B | 3.76 | ||
| P/tB | 9.16 | ||
| EV/EBITDA | 10.93 |
EPS(TTM)4.21
EY8.25%
EPS(NY)4.78
Fwd EY9.38%
FCF(TTM)4.82
FCFY9.46%
OCF(TTM)5.96
OCFY11.68%
SpS11.93
BVpS13.56
TBVpS5.57
PEG (NY)1.91
PEG (5Y)0.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.35% | ||
| ROE | 31.09% | ||
| ROCE | 15.18% | ||
| ROIC | 11.99% | ||
| ROICexc | 12.49% | ||
| ROICexgc | 16.51% | ||
| OM | 43.39% | ||
| PM (TTM) | 35.32% | ||
| GM | 58.64% | ||
| FCFM | 40.42% |
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%
ROICexcg growth 3Y8.04%
ROICexcg 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-Score7
Asset Turnover0.32
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 4.32 | ||
| Debt/EBITDA | 3 | ||
| Cap/Depr | 89.2% | ||
| Cap/Sales | 9.51% | ||
| Interest Coverage | 5.58 | ||
| Cash Conversion | 92.38% | ||
| Profit Quality | 114.43% | ||
| Current Ratio | 1.03 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | N/A |
F-Score7
WACC8%
ROIC/WACC1.5
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)2.18%
EPS 3Y13.76%
EPS 5Y12.66%
EPS Q2Q%-10.43%
EPS Next Y6.36%
EPS Next 2Y6.61%
EPS Next 3Y7.76%
EPS Next 5Y6.76%
Revenue 1Y (TTM)3.28%
Revenue growth 3Y5.97%
Revenue growth 5Y5.71%
Sales Q2Q%10.12%
Revenue Next Year5.56%
Revenue Next 2Y5.77%
Revenue Next 3Y5.79%
Revenue Next 5Y4.32%
EBIT growth 1Y1.19%
EBIT growth 3Y9.44%
EBIT growth 5Y8.04%
EBIT Next Year33.88%
EBIT Next 3Y14.22%
EBIT Next 5Y10.24%
FCF growth 1Y19.12%
FCF growth 3Y3.72%
FCF growth 5Y23.91%
OCF growth 1Y19.74%
OCF growth 3Y6.58%
OCF growth 5Y7.81%