MPLX LP (MPLX) Fundamental Analysis & Valuation
NYSE:MPLX • US55336V1008
Current stock price
55.15 USD
-0.09 (-0.16%)
Last:
This MPLX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. MPLX Profitability Analysis
1.1 Basic Checks
- MPLX had positive earnings in the past year.
- In the past year MPLX had a positive cash flow from operations.
- MPLX had positive earnings in each 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 better Return On Assets (11.42%) than 90.43% of its industry peers.
- MPLX has a Return On Equity of 34.35%. This is amongst the best in the industry. MPLX outperforms 93.30% of its industry peers.
- With an excellent Return On Invested Capital value of 11.81%, MPLX belongs to the best of the industry, outperforming 89.00% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for MPLX is significantly below the industry average of 22.60%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.42% | ||
| ROE | 34.35% | ||
| ROIC | 11.81% |
ROA(3y)11.11%
ROA(5y)10.46%
ROE(3y)32.23%
ROE(5y)30.51%
ROIC(3y)11.82%
ROIC(5y)11.41%
1.3 Margins
- MPLX has a Profit Margin of 37.80%. This is amongst the best in the industry. MPLX outperforms 92.34% of its industry peers.
- In the last couple of years the Profit Margin of MPLX has grown nicely.
- With an excellent Operating Margin value of 45.72%, MPLX belongs to the best of the industry, outperforming 91.87% 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 60.60%. This is in the better half of the industry: MPLX outperforms 69.86% of its industry peers.
- MPLX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 45.72% | ||
| PM (TTM) | 37.8% | ||
| GM | 60.6% |
OM growth 3Y2.64%
OM growth 5Y7.48%
PM growth 3Y4.78%
PM growth 5YN/A
GM growth 3Y2.21%
GM growth 5Y1.33%
2. MPLX Health Analysis
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.
- Compared to 1 year ago, MPLX has about the same amount of shares outstanding.
- The number of shares outstanding for MPLX has been reduced compared to 5 years ago.
- Compared to 1 year ago, MPLX has a worse debt to assets ratio.
2.2 Solvency
- The Debt to FCF ratio of MPLX is 6.26, which is on the high side as it means it would take MPLX, 6.26 years of fcf income to pay off all of its debts.
- MPLX's Debt to FCF ratio of 6.26 is fine compared to the rest of the industry. MPLX outperforms 62.68% of its industry peers.
- A Debt/Equity ratio of 1.69 is on the high side and indicates that MPLX has dependencies on debt 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 74.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.69 | ||
| Debt/FCF | 6.26 | ||
| Altman-Z | N/A |
ROIC/WACC1.64
WACC7.21%
2.3 Liquidity
- A Current Ratio of 1.23 indicates that MPLX should not have too much problems paying its short term obligations.
- Looking at the Current ratio, with a value of 1.23, MPLX is in line with its industry, outperforming 53.59% of the companies in the same industry.
- A Quick Ratio of 1.18 indicates that MPLX should not have too much problems paying its short term obligations.
- With a decent Quick ratio value of 1.18, MPLX is doing good in the industry, outperforming 61.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.23 | ||
| Quick Ratio | 1.18 |
3. MPLX Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an nice 14.49% over the past year.
- The Earnings Per Share has been growing by 14.97% 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 8.92% in the last year.
- MPLX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.42% yearly.
EPS 1Y (TTM)14.49%
EPS 3Y8.73%
EPS 5Y14.97%
EPS Q2Q%9.35%
Revenue 1Y (TTM)8.92%
Revenue growth 3Y3.83%
Revenue growth 5Y11.42%
Sales Q2Q%6.17%
3.2 Future
- MPLX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.43% yearly.
- The Revenue is expected to grow by 3.73% on average over the next years.
EPS Next Y-3.82%
EPS Next 2Y1.67%
EPS Next 3Y3.68%
EPS Next 5Y4.43%
Revenue Next Year1.33%
Revenue Next 2Y3.01%
Revenue Next 3Y3.9%
Revenue Next 5Y3.73%
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. MPLX Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 11.44, the valuation of MPLX can be described as very reasonable.
- MPLX's Price/Earnings ratio is rather cheap when compared to the industry. MPLX is cheaper than 82.30% of the companies in the same industry.
- MPLX is valuated cheaply when we compare the Price/Earnings ratio to 27.53, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 11.90, 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 73.68% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Forward Earnings ratio of 37.95, MPLX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.44 | ||
| Fwd PE | 11.9 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as MPLX.
- MPLX's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MPLX is cheaper than 73.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.65 | ||
| EV/EBITDA | 10.91 |
4.3 Compensation for Growth
- The excellent profitability rating of MPLX may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.76
EPS Next 2Y1.67%
EPS Next 3Y3.68%
5. MPLX Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 7.64%, MPLX is a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 3.23, MPLX pays a better dividend. On top of this MPLX pays more dividend than 87.08% 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 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.64% |
5.2 History
- On average, the dividend of MPLX grows each year by 6.62%, which is quite nice.
- MPLX has paid a dividend for at least 10 years, which is a reliable track record.
- MPLX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)6.62%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
- MPLX pays out 81.91% of its income as dividend. This is not a sustainable payout ratio.
- MPLX's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP81.91%
EPS Next 2Y1.67%
EPS Next 3Y3.68%
MPLX Fundamentals: All Metrics, Ratios and Statistics
NYSE:MPLX (4/17/2026, 12:05:52 PM)
55.15
-0.09 (-0.16%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-03 2026-02-03/bmo
Earnings (Next)05-05 2026-05-05
Inst Owners17.83%
Inst Owner Change-0.14%
Ins Owners0.13%
Ins Owner Change2.36%
Market Cap55.99B
Revenue(TTM)13.00B
Net Income(TTM)4.91B
Analysts75.24
Price Target60 (8.79%)
Short Float %2.13%
Short Ratio4.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.64% |
Yearly Dividend3.95
Dividend Growth(5Y)6.62%
DP81.91%
Div Incr Years3
Div Non Decr Years3
Ex-Date02-09 2026-02-09 (1.0765)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)23.29%
Min EPS beat(2)8.67%
Max EPS beat(2)37.9%
EPS beat(4)2
Avg EPS beat(4)9.87%
Min EPS beat(4)-5.39%
Max EPS beat(4)37.9%
EPS beat(8)4
Avg EPS beat(8)6.11%
EPS beat(12)7
Avg EPS beat(12)5.37%
EPS beat(16)9
Avg EPS beat(16)7.25%
Revenue beat(2)2
Avg Revenue beat(2)6.29%
Min Revenue beat(2)0.4%
Max Revenue beat(2)12.18%
Revenue beat(4)2
Avg Revenue beat(4)0.98%
Min Revenue beat(4)-6.21%
Max Revenue beat(4)12.18%
Revenue beat(8)2
Avg Revenue beat(8)-2.02%
Revenue beat(12)5
Avg Revenue beat(12)-1.25%
Revenue beat(16)8
Avg Revenue beat(16)0.29%
PT rev (1m)2.5%
PT rev (3m)2.69%
EPS NQ rev (1m)-0.22%
EPS NQ rev (3m)-2.05%
EPS NY rev (1m)-0.22%
EPS NY rev (3m)-0.4%
Revenue NQ rev (1m)0.06%
Revenue NQ rev (3m)-3.57%
Revenue NY rev (1m)-2.06%
Revenue NY rev (3m)-2.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.44 | ||
| Fwd PE | 11.9 | ||
| P/S | 4.31 | ||
| P/FCF | 13.65 | ||
| P/OCF | 9.48 | ||
| P/B | 3.91 | ||
| P/tB | 13.49 | ||
| EV/EBITDA | 10.91 |
EPS(TTM)4.82
EY8.74%
EPS(NY)4.64
Fwd EY8.41%
FCF(TTM)4.04
FCFY7.32%
OCF(TTM)5.82
OCFY10.55%
SpS12.8
BVpS14.09
TBVpS4.09
PEG (NY)N/A
PEG (5Y)0.76
Graham Number39.0861 (-29.13%)
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.42% | ||
| ROE | 34.35% | ||
| ROCE | 14.95% | ||
| ROIC | 11.81% | ||
| ROICexc | 12.48% | ||
| ROICexgc | 17.09% | ||
| OM | 45.72% | ||
| PM (TTM) | 37.8% | ||
| GM | 60.6% | ||
| FCFM | 31.55% |
ROA(3y)11.11%
ROA(5y)10.46%
ROE(3y)32.23%
ROE(5y)30.51%
ROIC(3y)11.82%
ROIC(5y)11.41%
ROICexc(3y)12.35%
ROICexc(5y)11.74%
ROICexgc(3y)16.63%
ROICexgc(5y)15.82%
ROCE(3y)14.96%
ROCE(5y)14.44%
ROICexgc growth 3Y2.83%
ROICexgc growth 5Y18.17%
ROICexc growth 3Y2.04%
ROICexc growth 5Y17.57%
OM growth 3Y2.64%
OM growth 5Y7.48%
PM growth 3Y4.78%
PM growth 5YN/A
GM growth 3Y2.21%
GM growth 5Y1.33%
F-Score7
Asset Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.69 | ||
| Debt/FCF | 6.26 | ||
| Debt/EBITDA | 3.31 | ||
| Cap/Depr | 133.83% | ||
| Cap/Sales | 13.91% | ||
| Interest Coverage | 6.51 | ||
| Cash Conversion | 81.01% | ||
| Profit Quality | 83.47% | ||
| Current Ratio | 1.23 | ||
| Quick Ratio | 1.18 | ||
| Altman-Z | N/A |
F-Score7
WACC7.21%
ROIC/WACC1.64
Cap/Depr(3y)97.79%
Cap/Depr(5y)80%
Cap/Sales(3y)10.36%
Cap/Sales(5y)8.66%
Profit Quality(3y)104.65%
Profit Quality(5y)114.73%
High Growth Momentum
Growth
EPS 1Y (TTM)14.49%
EPS 3Y8.73%
EPS 5Y14.97%
EPS Q2Q%9.35%
EPS Next Y-3.82%
EPS Next 2Y1.67%
EPS Next 3Y3.68%
EPS Next 5Y4.43%
Revenue 1Y (TTM)8.92%
Revenue growth 3Y3.83%
Revenue growth 5Y11.42%
Sales Q2Q%6.17%
Revenue Next Year1.33%
Revenue Next 2Y3.01%
Revenue Next 3Y3.9%
Revenue Next 5Y3.73%
EBIT growth 1Y12.39%
EBIT growth 3Y6.56%
EBIT growth 5Y19.75%
EBIT Next Year28.49%
EBIT Next 3Y13.19%
EBIT Next 5Y9.26%
FCF growth 1Y-16.14%
FCF growth 3Y-0.89%
FCF growth 5Y4.2%
OCF growth 1Y-0.62%
OCF growth 3Y5.59%
OCF growth 5Y5.5%
MPLX LP / MPLX Fundamental Analysis 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 of MPLX LP (MPLX) stock?
ChartMill assigns a valuation rating of 6 / 10 to MPLX LP (MPLX). This can be considered as Fairly Valued.
What is the profitability of MPLX stock?
MPLX LP (MPLX) has a profitability rating of 8 / 10.
What is the financial health of MPLX LP (MPLX) stock?
The financial health rating of MPLX LP (MPLX) is 3 / 10.
Can you provide the dividend sustainability for MPLX stock?
The dividend rating of MPLX LP (MPLX) is 7 / 10 and the dividend payout ratio is 81.91%.