MPLX LP (MPLX) Fundamental Analysis & Valuation
NYSE:MPLX • US55336V1008
Current stock price
55.64 USD
+0.17 (+0.31%)
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's Return On Equity of 34.35% is amongst the best of the industry. MPLX outperforms 93.30% of its industry peers.
- MPLX has a Return On Invested Capital of 11.81%. This is amongst the best in the industry. MPLX outperforms 89.00% of its industry peers.
- MPLX had an Average Return On Invested Capital over the past 3 years of 11.82%. This is significantly below the industry average of 22.73%.
| 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
- The Profit Margin of MPLX (37.80%) is better than 92.34% of its industry peers.
- MPLX's Profit Margin has improved in the last couple of years.
- The Operating Margin of MPLX (45.72%) is better than 91.87% of its industry peers.
- MPLX's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 60.60%, MPLX is in the better half of the industry, outperforming 69.86% of the companies in the same industry.
- 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 | 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.
- The number of shares outstanding for MPLX remains at a similar level compared to 1 year ago.
- Compared to 5 years ago, MPLX has less shares outstanding
- MPLX has a worse debt/assets ratio than last year.
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.
- The Debt to FCF ratio of MPLX (6.26) is better than 62.68% of its industry peers.
- MPLX has a Debt/Equity ratio of 1.69. This is a high value indicating a heavy dependency on external financing.
- With a Debt to Equity ratio value of 1.69, MPLX is not doing good in the industry: 75.12% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.69 | ||
| Debt/FCF | 6.26 | ||
| Altman-Z | N/A |
ROIC/WACC1.64
WACC7.19%
2.3 Liquidity
- MPLX has a Current Ratio of 1.23. 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 (1.23) which is in line with its industry peers.
- 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.
- Measured over the past years, MPLX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.97% on average per year.
- The Revenue has grown by 8.92% in the past year. This is quite good.
- 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
- The Earnings Per Share is expected to grow by 4.43% on average over the next years.
- 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 Year1.16%
Revenue Next 2Y3.18%
Revenue Next 3Y4.07%
Revenue Next 5Y3.73%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- 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
- MPLX is valuated reasonably with a Price/Earnings ratio of 11.54.
- 81.82% 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 (27.66), we can say MPLX is valued rather cheaply.
- With a Price/Forward Earnings ratio of 12.00, MPLX is valued correctly.
- 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.
- The average S&P500 Price/Forward Earnings ratio is at 38.00. MPLX is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.54 | ||
| Fwd PE | 12 |
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.
- MPLX's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MPLX is cheaper than 71.77% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.77 | ||
| EV/EBITDA | 10.94 |
4.3 Compensation for Growth
- The excellent profitability rating of MPLX may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.77
EPS Next 2Y1.67%
EPS Next 3Y3.68%
5. MPLX Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 7.80%, MPLX is a good candidate for dividend investing.
- MPLX's Dividend Yield is rather good when compared to the industry average which is at 3.26. MPLX pays more dividend than 88.04% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.81, MPLX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.8% |
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
- 81.91% of the earnings are spent on dividend by MPLX. 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 (4/22/2026, 1:14:54 PM)
55.64
+0.17 (+0.31%)
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-0.44%
Ins Owners0.13%
Ins Owner Change2.36%
Market Cap56.49B
Revenue(TTM)13.00B
Net Income(TTM)4.91B
Analysts75.24
Price Target59.91 (7.67%)
Short Float %2.13%
Short Ratio4.25
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.8% |
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)2.36%
PT rev (3m)2.42%
EPS NQ rev (1m)-2.2%
EPS NQ rev (3m)-3.4%
EPS NY rev (1m)-0.22%
EPS NY rev (3m)0.15%
Revenue NQ rev (1m)-2.8%
Revenue NQ rev (3m)-6.22%
Revenue NY rev (1m)-0.44%
Revenue NY rev (3m)-2.98%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.54 | ||
| Fwd PE | 12 | ||
| P/S | 4.35 | ||
| P/FCF | 13.77 | ||
| P/OCF | 9.56 | ||
| P/B | 3.95 | ||
| P/tB | 13.61 | ||
| EV/EBITDA | 10.94 |
EPS(TTM)4.82
EY8.66%
EPS(NY)4.64
Fwd EY8.33%
FCF(TTM)4.04
FCFY7.26%
OCF(TTM)5.82
OCFY10.46%
SpS12.8
BVpS14.09
TBVpS4.09
PEG (NY)N/A
PEG (5Y)0.77
Graham Number39.0861 (-29.75%)
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
WACC7.19%
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 Year1.16%
Revenue Next 2Y3.18%
Revenue Next 3Y4.07%
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%.