MPLX LP (MPLX) Stock Fundamental Analysis
NYSE:MPLX - New York Stock Exchange, Inc. - US55336V1008
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. MPLX has an excellent profitability rating, but there are concerns on its financial health. MPLX has a decent growth rate and is not valued too expensively. MPLX also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year MPLX was profitable.
In the past year MPLX had a positive cash flow from operations.
Of the past 5 years MPLX 4 years were profitable.
Each year in the past 5 years MPLX had a positive operating cash flow.
1.2 Ratios
The Return On Assets of MPLX (11.17%) is better than 80.10% of its industry peers.
The Return On Equity of MPLX (31.75%) is better than 88.35% of its industry peers.
MPLX has a better Return On Invested Capital (12.16%) than 76.70% 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 28.71%.
The 3 year average ROIC (11.01%) for MPLX is below the current ROIC(12.16%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.17% | ||
| ROE | 31.75% | ||
| ROIC | 12.16% |
ROA(3y)9.82%
ROA(5y)5.89%
ROE(3y)28.87%
ROE(5y)17.14%
ROIC(3y)11.01%
ROIC(5y)9.2%
1.3 Margins
MPLX's Profit Margin of 36.34% is amongst the best of the industry. MPLX outperforms 87.38% of its industry peers.
MPLX's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 44.55%, MPLX belongs to the best of the industry, outperforming 85.44% of the companies in the same industry.
MPLX's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 59.89%, MPLX is in the better half of the industry, outperforming 66.02% 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 | 44.55% | ||
| PM (TTM) | 36.34% | ||
| GM | 59.89% |
OM growth 3Y10.98%
OM growth 5Y2.21%
PM growth 3YN/A
PM growth 5Y6.41%
GM growth 3Y1.24%
GM growth 5Y0.59%
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 remains at a similar level compared to 1 year ago.
Compared to 5 years ago, MPLX has more shares outstanding
MPLX has a worse debt/assets ratio than last year.
2.2 Solvency
The Debt to FCF ratio of MPLX is 4.71, which is a neutral value as it means it would take MPLX, 4.71 years of fcf income to pay off all of its debts.
MPLX has a better Debt to FCF ratio (4.71) than 62.62% of its industry peers.
MPLX has a Debt/Equity ratio of 1.44. This is a high value indicating a heavy dependency on external financing.
MPLX's Debt to Equity ratio of 1.44 is on the low side compared to the rest of the industry. MPLX is outperformed by 79.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 4.71 | ||
| Altman-Z | N/A |
ROIC/WACC1.53
WACC7.95%
2.3 Liquidity
MPLX has a Current Ratio of 0.99. This is a bad value and indicates that MPLX is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of MPLX (0.99) is worse than 64.08% of its industry peers.
MPLX has a Quick Ratio of 0.99. This is a bad value and indicates that MPLX is not financially healthy enough and could expect problems in meeting its short term obligations.
MPLX has a Quick ratio of 0.95. This is comparable to the rest of the industry: MPLX outperforms 43.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.95 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 21.49% 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 10.05% yearly.
The Revenue has been growing slightly by 7.83% in the past year.
MPLX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.00% yearly.
EPS 1Y (TTM)21.49%
EPS 3Y16.66%
EPS 5Y10.05%
EPS Q2Q%13.48%
Revenue 1Y (TTM)7.83%
Revenue growth 3Y14.23%
Revenue growth 5Y10%
Sales Q2Q%2.06%
3.2 Future
Based on estimates for the next years, MPLX will show a small growth in Earnings Per Share. The EPS will grow by 5.66% on average per year.
MPLX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.12% yearly.
EPS Next Y11.95%
EPS Next 2Y7.19%
EPS Next 3Y6.9%
EPS Next 5Y5.66%
Revenue Next Year7.17%
Revenue Next 2Y6.06%
Revenue Next 3Y4.7%
Revenue Next 5Y1.12%
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
Based on the Price/Earnings ratio of 12.25, the valuation of MPLX can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of MPLX is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 28.29, MPLX is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 11.86, 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 61.16% 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 24.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.25 | ||
| Fwd PE | 11.86 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MPLX is valued a bit more expensive than the industry average as 61.65% of the companies are valued more cheaply.
63.59% of the companies in the same industry are more expensive than MPLX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.17 | ||
| EV/EBITDA | 11.24 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of MPLX may justify a higher PE ratio.
PEG (NY)1.03
PEG (5Y)1.22
EPS Next 2Y7.19%
EPS Next 3Y6.9%
5. Dividend
5.1 Amount
MPLX has a Yearly Dividend Yield of 7.53%, which is a nice return.
MPLX's Dividend Yield is rather good when compared to the industry average which is at 6.39. MPLX pays more dividend than 80.58% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.28, MPLX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.53% |
5.2 History
The dividend of MPLX has a limited annual growth rate of 0.89%.
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)0.89%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
MPLX pays out 81.38% of its income as dividend. This is not a sustainable payout ratio.
The dividend of MPLX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP81.38%
EPS Next 2Y7.19%
EPS Next 3Y6.9%
MPLX LP
NYSE:MPLX (1/22/2025, 5:28:45 PM)
After market: 52.34 +0.4 (+0.77%)51.94
-0.7 (-1.33%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners23.6%
Inst Owner Change0.02%
Ins Owners0.16%
Ins Owner Change0.26%
Market Cap52.92B
Analysts77.14
Price Target52.77 (1.6%)
Short Float %2.43%
Short Ratio4.58
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.53% |
Yearly Dividend3.29
Dividend Growth(5Y)0.89%
DP81.38%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.91%
Min EPS beat(2)-5.24%
Max EPS beat(2)15.06%
EPS beat(4)2
Avg EPS beat(4)5.67%
Min EPS beat(4)-5.24%
Max EPS beat(4)15.06%
EPS beat(8)4
Avg EPS beat(8)1.83%
EPS beat(12)7
Avg EPS beat(12)6.45%
EPS beat(16)9
Avg EPS beat(16)4.89%
Revenue beat(2)0
Avg Revenue beat(2)-7.68%
Min Revenue beat(2)-9.61%
Max Revenue beat(2)-5.74%
Revenue beat(4)1
Avg Revenue beat(4)-4.19%
Min Revenue beat(4)-9.61%
Max Revenue beat(4)1.06%
Revenue beat(8)3
Avg Revenue beat(8)-2.2%
Revenue beat(12)7
Avg Revenue beat(12)0.95%
Revenue beat(16)11
Avg Revenue beat(16)1.93%
PT rev (1m)1.59%
PT rev (3m)10.77%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-1.69%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.76%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.39%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.44%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.25 | ||
| Fwd PE | 11.86 | ||
| P/S | 4.47 | ||
| P/FCF | 11.17 | ||
| P/OCF | 9.19 | ||
| P/B | 3.91 | ||
| P/tB | 9.89 | ||
| EV/EBITDA | 11.24 |
EPS(TTM)4.24
EY8.16%
EPS(NY)4.38
Fwd EY8.43%
FCF(TTM)4.65
FCFY8.95%
OCF(TTM)5.65
OCFY10.88%
SpS11.62
BVpS13.3
TBVpS5.25
PEG (NY)1.03
PEG (5Y)1.22
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.17% | ||
| ROE | 31.75% | ||
| ROCE | 15.4% | ||
| ROIC | 12.16% | ||
| ROICexc | 13.09% | ||
| ROICexgc | 17.63% | ||
| OM | 44.55% | ||
| PM (TTM) | 36.34% | ||
| GM | 59.89% | ||
| FCFM | 40.02% |
ROA(3y)9.82%
ROA(5y)5.89%
ROE(3y)28.87%
ROE(5y)17.14%
ROIC(3y)11.01%
ROIC(5y)9.2%
ROICexc(3y)11.16%
ROICexc(5y)9.29%
ROICexgc(3y)15%
ROICexgc(5y)12.55%
ROCE(3y)13.94%
ROCE(5y)11.64%
ROICexcg growth 3Y28.7%
ROICexcg growth 5Y13.37%
ROICexc growth 3Y28.62%
ROICexc growth 5Y15.12%
OM growth 3Y10.98%
OM growth 5Y2.21%
PM growth 3YN/A
PM growth 5Y6.41%
GM growth 3Y1.24%
GM growth 5Y0.59%
F-Score8
Asset Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.44 | ||
| Debt/FCF | 4.71 | ||
| Debt/EBITDA | 2.98 | ||
| Cap/Depr | 80.87% | ||
| Cap/Sales | 8.64% | ||
| Interest Coverage | 5.9 | ||
| Cash Conversion | 88.1% | ||
| Profit Quality | 110.14% | ||
| Current Ratio | 0.99 | ||
| Quick Ratio | 0.95 | ||
| Altman-Z | N/A |
F-Score8
WACC7.95%
ROIC/WACC1.53
Cap/Depr(3y)61.29%
Cap/Depr(5y)92.36%
Cap/Sales(3y)6.84%
Cap/Sales(5y)12.56%
Profit Quality(3y)125.39%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)21.49%
EPS 3Y16.66%
EPS 5Y10.05%
EPS Q2Q%13.48%
EPS Next Y11.95%
EPS Next 2Y7.19%
EPS Next 3Y6.9%
EPS Next 5Y5.66%
Revenue 1Y (TTM)7.83%
Revenue growth 3Y14.23%
Revenue growth 5Y10%
Sales Q2Q%2.06%
Revenue Next Year7.17%
Revenue Next 2Y6.06%
Revenue Next 3Y4.7%
Revenue Next 5Y1.12%
EBIT growth 1Y13.45%
EBIT growth 3Y26.77%
EBIT growth 5Y12.43%
EBIT Next Year38.61%
EBIT Next 3Y14.22%
EBIT Next 5Y9.38%
FCF growth 1Y12.76%
FCF growth 3Y10.14%
FCF growth 5Y35.96%
OCF growth 1Y17.77%
OCF growth 3Y6.08%
OCF growth 5Y11.94%