MPLX LP (MPLX) Stock Fundamental Analysis
USA - NYSE:MPLX - US55336V1008
50.59 USD
+0.98 (+1.98%)
50.6 USD
+0.01 (+0.02%)
Taking everything into account, MPLX scores 5 out of 10 in our fundamental rating. MPLX was compared to 211 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 valuation in line with the averages, but it does not seem to be growing.
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.
MPLX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MPLX has a better Return On Assets (11.35%) than 90.52% of its industry peers.
MPLX has a Return On Equity of 31.09%. This is amongst the best in the industry. MPLX outperforms 92.89% of its industry peers.
Looking at the Return On Invested Capital, with a value of 11.99%, MPLX belongs to the top of the industry, outperforming 86.73% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for MPLX is significantly below the industry average of 21.53%.
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 Profit Margin of 35.32%. This is amongst the best in the industry. MPLX outperforms 90.05% 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 89.10% 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 58.64%, MPLX is in the better half of the industry, outperforming 67.30% 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 | 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.
Compared to 5 years ago, MPLX has less shares outstanding
MPLX has a better debt/assets ratio than last year.
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 68.72% of the companies in the same industry.
MPLX has a Debt/Equity ratio of 1.43. This is a high value indicating a heavy dependency on external financing.
MPLX has a Debt to Equity ratio of 1.43. This is in the lower half of the industry: MPLX underperforms 74.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 4.32 | ||
| Altman-Z | N/A |
ROIC/WACC1.54
WACC7.76%
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.
The Current ratio of MPLX (1.03) is comparable to the rest of the industry.
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.
MPLX has a Quick ratio of 0.97. This is comparable to the rest of the industry: MPLX outperforms 52.61% of 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 been growing slightly by 2.18% over the past year.
The Earnings Per Share has been growing by 12.66% on average over the past years. This is quite good.
The Revenue has been growing slightly by 3.28% in the past year.
MPLX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.71% yearly.
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
Based on estimates for the next years, MPLX will show a small growth in Earnings Per Share. The EPS will grow by 6.42% on average per year.
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 Y5.85%
EPS Next 2Y6.47%
EPS Next 3Y6.78%
EPS Next 5Y6.42%
Revenue Next Year5.59%
Revenue Next 2Y5.83%
Revenue Next 3Y5.84%
Revenue Next 5Y4.32%
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. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 12.02, which indicates a correct valuation of MPLX.
Based on the Price/Earnings ratio, MPLX is valued a bit cheaper than the industry average as 63.51% of the companies are valued more expensively.
MPLX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.57.
Based on the Price/Forward Earnings ratio of 10.60, the valuation of MPLX can be described as reasonable.
Based on the Price/Forward Earnings ratio, MPLX is valued a bit cheaper than 66.35% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.09, MPLX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.02 | ||
| Fwd PE | 10.6 |
4.2 Price Multiples
MPLX's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MPLX indicates a somewhat cheap valuation: MPLX is cheaper than 74.88% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.49 | ||
| EV/EBITDA | 10.86 |
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.
The excellent profitability rating of MPLX may justify a higher PE ratio.
PEG (NY)2.06
PEG (5Y)0.95
EPS Next 2Y6.47%
EPS Next 3Y6.78%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.88%, MPLX is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.30, MPLX pays a better dividend. On top of this MPLX pays more dividend than 81.04% 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 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.88% |
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 2Y6.47%
EPS Next 3Y6.78%
50.59
+0.98 (+1.98%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners21.55%
Inst Owner Change-6.46%
Ins Owners0.15%
Ins Owner Change0.96%
Market Cap51.55B
Revenue(TTM)12.16B
Net Income(TTM)4.30B
Analysts77
Price Target57.88 (14.41%)
Short Float %2.09%
Short Ratio5.4
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.88% |
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)-0.13%
PT rev (3m)0.67%
EPS NQ rev (1m)-0.78%
EPS NQ rev (3m)-5.4%
EPS NY rev (1m)-0.48%
EPS NY rev (3m)-2.23%
Revenue NQ rev (1m)0.34%
Revenue NQ rev (3m)-1.98%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)-2.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.02 | ||
| Fwd PE | 10.6 | ||
| P/S | 4.24 | ||
| P/FCF | 10.49 | ||
| P/OCF | 8.49 | ||
| P/B | 3.73 | ||
| P/tB | 9.08 | ||
| EV/EBITDA | 10.86 |
EPS(TTM)4.21
EY8.32%
EPS(NY)4.77
Fwd EY9.43%
FCF(TTM)4.82
FCFY9.54%
OCF(TTM)5.96
OCFY11.78%
SpS11.93
BVpS13.56
TBVpS5.57
PEG (NY)2.06
PEG (5Y)0.95
Graham Number35.84
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
WACC7.76%
ROIC/WACC1.54
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 Y5.85%
EPS Next 2Y6.47%
EPS Next 3Y6.78%
EPS Next 5Y6.42%
Revenue 1Y (TTM)3.28%
Revenue growth 3Y5.97%
Revenue growth 5Y5.71%
Sales Q2Q%10.12%
Revenue Next Year5.59%
Revenue Next 2Y5.83%
Revenue Next 3Y5.84%
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%