MPLX LP (MPLX) Stock Fundamental Analysis
USA - NYSE:MPLX - US55336V1008
51.95 USD
-0.52 (-0.99%)
51.95 USD
0 (0%)
MPLX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 210 industry peers in the Oil, Gas & Consumable Fuels industry. While MPLX has a great profitability rating, there are quite some concerns on its financial health. MPLX has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
MPLX had positive earnings in the past year.
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
MPLX has a Return On Assets of 11.35%. This is amongst the best in the industry. MPLX outperforms 91.43% of its industry peers.
MPLX's Return On Equity of 31.09% is amongst the best of the industry. MPLX outperforms 92.86% of its industry peers.
MPLX has a better Return On Invested Capital (11.99%) than 86.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MPLX is significantly below the industry average of 21.85%.
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
MPLX has a better Profit Margin (35.32%) than 90.95% of its industry peers.
In the last couple of years the Profit Margin of MPLX has grown nicely.
Looking at the Operating Margin, with a value of 43.39%, MPLX belongs to the top of the industry, outperforming 87.62% of the companies in the same industry.
In the last couple of years the Operating Margin of MPLX has grown nicely.
MPLX has a Gross Margin of 58.64%. This is in the better half of the industry: MPLX outperforms 68.10% 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MPLX is still 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 4.32. This is a neutral value as MPLX would need 4.32 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.32, MPLX is in the better half of the industry, outperforming 67.14% of the companies in the same industry.
A Debt/Equity ratio of 1.43 is on the high side and indicates that MPLX has dependencies on debt financing.
MPLX's Debt to Equity ratio of 1.43 is on the low side compared to the rest of the industry. MPLX is outperformed by 74.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 4.32 | ||
| Altman-Z | N/A |
ROIC/WACC1.57
WACC7.66%
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.
A Quick Ratio of 0.97 indicates that MPLX may have some problems paying its short term obligations.
MPLX has a Quick ratio (0.97) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 11.32% 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 12.66% yearly.
The Revenue has been growing slightly by 5.78% in the past year.
Measured over the past years, MPLX shows a small growth in Revenue. The Revenue has been growing by 5.71% on average per year.
EPS 1Y (TTM)11.32%
EPS 3Y13.76%
EPS 5Y12.66%
EPS Q2Q%50.5%
Revenue 1Y (TTM)5.78%
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.
Based on estimates for the next years, MPLX will show a small growth in Revenue. The Revenue will grow by 4.32% on average per year.
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
Based on the Price/Earnings ratio of 11.01, the valuation of MPLX can be described as reasonable.
Based on the Price/Earnings ratio, MPLX is valued a bit cheaper than the industry average as 72.86% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of MPLX to the average of the S&P500 Index (25.91), we can say MPLX is valued rather cheaply.
The Price/Forward Earnings ratio is 11.01, 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 69.05% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.57, MPLX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.01 | ||
| Fwd PE | 11.01 |
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 75.71% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.77 | ||
| EV/EBITDA | 11.15 |
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)1.94
PEG (5Y)0.87
EPS Next 2Y5.87%
EPS Next 3Y6.61%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.27%, MPLX is a good candidate for dividend investing.
MPLX's Dividend Yield is rather good when compared to the industry average which is at 5.88. MPLX pays more dividend than 83.33% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, MPLX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.27% |
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 88.62% of its income as dividend. 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.
DP88.62%
EPS Next 2Y5.87%
EPS Next 3Y6.61%
51.95
-0.52 (-0.99%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners21.55%
Inst Owner Change-6.82%
Ins Owners0.15%
Ins Owner Change0.44%
Market Cap52.94B
Revenue(TTM)11.93B
Net Income(TTM)4.30B
Analysts77
Price Target58.06 (11.76%)
Short Float %2.01%
Short Ratio5.16
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.27% |
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)0.31%
PT rev (3m)1.33%
EPS NQ rev (1m)-0.69%
EPS NQ rev (3m)-6.75%
EPS NY rev (1m)-0.17%
EPS NY rev (3m)-2.39%
Revenue NQ rev (1m)0.34%
Revenue NQ rev (3m)-2.18%
Revenue NY rev (1m)0.15%
Revenue NY rev (3m)-1.81%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.01 | ||
| Fwd PE | 11.01 | ||
| P/S | 4.35 | ||
| P/FCF | 10.77 | ||
| P/OCF | 8.72 | ||
| P/B | 3.83 | ||
| P/tB | 9.32 | ||
| EV/EBITDA | 11.15 |
EPS(TTM)4.72
EY9.09%
EPS(NY)4.72
Fwd EY9.08%
FCF(TTM)4.82
FCFY9.29%
OCF(TTM)5.96
OCFY11.47%
SpS11.93
BVpS13.56
TBVpS5.57
PEG (NY)1.94
PEG (5Y)0.87
Graham Number37.95
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%
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-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
WACC7.66%
ROIC/WACC1.57
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)5.78%
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 1Y1.19%
EBIT growth 3Y9.44%
EBIT growth 5Y8.04%
EBIT Next Year33.46%
EBIT Next 3Y14.72%
EBIT Next 5Y10.12%
FCF growth 1Y19.12%
FCF growth 3Y3.72%
FCF growth 5Y23.91%
OCF growth 1Y19.74%
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 5 / 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 88.62%.