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MARTIN MIDSTREAM PARTNERS LP (MMLP) Stock Fundamental Analysis

NASDAQ:MMLP - Nasdaq - US5733311055 - Currency: USD

3.1  -0.02 (-0.64%)

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to MMLP. MMLP was compared to 213 industry peers in the Oil, Gas & Consumable Fuels industry. MMLP has a bad profitability rating. Also its financial health evaluation is rather negative. MMLP does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

MMLP had negative earnings in the past year.
In the past year MMLP had a positive cash flow from operations.
In the past 5 years MMLP always reported negative net income.
Each year in the past 5 years MMLP had a positive operating cash flow.
MMLP Yearly Net Income VS EBIT VS OCF VS FCFMMLP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M

1.2 Ratios

The Return On Assets of MMLP (-1.74%) is worse than 72.77% of its industry peers.
Looking at the Return On Invested Capital, with a value of 9.39%, MMLP is in the better half of the industry, outperforming 74.18% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for MMLP is significantly below the industry average of 23.54%.
Industry RankSector Rank
ROA -1.74%
ROE N/A
ROIC 9.39%
ROA(3y)-1.17%
ROA(5y)-0.94%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)10.45%
ROIC(5y)9.59%
MMLP Yearly ROA, ROE, ROICMMLP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100 200 300 400

1.3 Margins

The Operating Margin of MMLP (7.22%) is worse than 65.26% of its industry peers.
In the last couple of years the Operating Margin of MMLP has grown nicely.
The Gross Margin of MMLP (57.05%) is better than 63.38% of its industry peers.
MMLP's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 7.22%
PM (TTM) N/A
GM 57.05%
OM growth 3Y6.76%
OM growth 5Y2.8%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y13.59%
GM growth 5Y6.77%
MMLP Yearly Profit, Operating, Gross MarginsMMLP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

2

2. Health

2.1 Basic Checks

MMLP 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, MMLP has more shares outstanding
The number of shares outstanding for MMLP has been increased compared to 5 years ago.
MMLP has a better debt/assets ratio than last year.
MMLP Yearly Shares OutstandingMMLP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
MMLP Yearly Total Debt VS Total AssetsMMLP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Altman-Z N/A
ROIC/WACC0.96
WACC9.79%
MMLP Yearly LT Debt VS Equity VS FCFMMLP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

2.3 Liquidity

MMLP has a Current Ratio of 1.35. This is a normal value and indicates that MMLP is financially healthy and should not expect problems in meeting its short term obligations.
MMLP has a better Current ratio (1.35) than 61.03% of its industry peers.
A Quick Ratio of 0.89 indicates that MMLP may have some problems paying its short term obligations.
MMLP has a Quick ratio (0.89) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.35
Quick Ratio 0.89
MMLP Yearly Current Assets VS Current LiabilitesMMLP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

0

3. Growth

3.1 Past

The earnings per share for MMLP have decreased strongly by -344.44% in the last year.
Looking at the last year, MMLP shows a decrease in Revenue. The Revenue has decreased by -2.03% in the last year.
Measured over the past years, MMLP shows a decrease in Revenue. The Revenue has been decreasing by -3.53% on average per year.
EPS 1Y (TTM)-344.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-112.5%
Revenue 1Y (TTM)-2.03%
Revenue growth 3Y-7.09%
Revenue growth 5Y-3.53%
Sales Q2Q%6.48%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y217.69%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year0.8%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
MMLP Yearly Revenue VS EstimatesMMLP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
MMLP Yearly EPS VS EstimatesMMLP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2023 2024 2025 0 -1 -2 -3 -4

2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for MMLP. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 20.26, which indicates a rather expensive current valuation of MMLP.
MMLP's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.03, MMLP is valued at the same level.
Industry RankSector Rank
PE N/A
Fwd PE 20.26
MMLP Price Earnings VS Forward Price EarningsMMLP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MMLP indicates a somewhat cheap valuation: MMLP is cheaper than 69.01% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 5.56
MMLP Per share dataMMLP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

MMLP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

2

5. Dividend

5.1 Amount

MMLP has a yearly dividend return of 0.64%, which is pretty low.
MMLP's Dividend Yield is slightly below the industry average, which is at 6.42.
Compared to an average S&P500 Dividend Yield of 2.44, MMLP's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.64%

5.2 History

The dividend of MMLP decreases each year by -56.17%.
MMLP has been paying a dividend for at least 10 years, so it has a reliable track record.
MMLP has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-56.17%
Div Incr Years0
Div Non Decr Years3
MMLP Yearly Dividends per shareMMLP Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

MMLP has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-8.56%
EPS Next 2YN/A
EPS Next 3YN/A
MMLP Yearly Income VS Free CF VS DividendMMLP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M

MARTIN MIDSTREAM PARTNERS LP

NASDAQ:MMLP (6/20/2025, 8:00:00 PM)

3.1

-0.02 (-0.64%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)04-16 2025-04-16/amc
Earnings (Next)07-16 2025-07-16/amc
Inst Owners44.03%
Inst Owner Change-2%
Ins Owners2.56%
Ins Owner Change44.52%
Market Cap121.09M
Analysts43.33
Price Target4.08 (31.61%)
Short Float %0.31%
Short Ratio1.18
Dividend
Industry RankSector Rank
Dividend Yield 0.64%
Yearly Dividend0.02
Dividend Growth(5Y)-56.17%
DP-8.56%
Div Incr Years0
Div Non Decr Years3
Ex-Date05-08 2025-05-08 (0.005)
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-3.11%
Min Revenue beat(2)-7.09%
Max Revenue beat(2)0.87%
Revenue beat(4)1
Avg Revenue beat(4)-4.48%
Min Revenue beat(4)-7.09%
Max Revenue beat(4)0.87%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 20.26
P/S 0.17
P/FCF N/A
P/OCF 3.76
P/B N/A
P/tB N/A
EV/EBITDA 5.56
EPS(TTM)-0.22
EYN/A
EPS(NY)0.15
Fwd EY4.94%
FCF(TTM)-0.1
FCFYN/A
OCF(TTM)0.82
OCFY26.61%
SpS18.42
BVpS-1.83
TBVpS-2.26
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.74%
ROE N/A
ROCE 11.88%
ROIC 9.39%
ROICexc 9.39%
ROICexgc 9.76%
OM 7.22%
PM (TTM) N/A
GM 57.05%
FCFM N/A
ROA(3y)-1.17%
ROA(5y)-0.94%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)10.45%
ROIC(5y)9.59%
ROICexc(3y)10.45%
ROICexc(5y)9.61%
ROICexgc(3y)10.89%
ROICexgc(5y)10.01%
ROCE(3y)13.22%
ROCE(5y)12.14%
ROICexcg growth 3Y3.24%
ROICexcg growth 5Y4.86%
ROICexc growth 3Y3.15%
ROICexc growth 5Y4.78%
OM growth 3Y6.76%
OM growth 5Y2.8%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y13.59%
GM growth 5Y6.77%
F-Score4
Asset Turnover1.35
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF N/A
Debt/EBITDA 4.39
Cap/Depr 71.07%
Cap/Sales 5.03%
Interest Coverage 0.97
Cash Conversion 31.31%
Profit Quality N/A
Current Ratio 1.35
Quick Ratio 0.89
Altman-Z N/A
F-Score4
WACC9.79%
ROIC/WACC0.96
Cap/Depr(3y)66.6%
Cap/Depr(5y)54.93%
Cap/Sales(3y)4.3%
Cap/Sales(5y)3.8%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-344.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-112.5%
EPS Next Y217.69%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-2.03%
Revenue growth 3Y-7.09%
Revenue growth 5Y-3.53%
Sales Q2Q%6.48%
Revenue Next Year0.8%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-20.2%
EBIT growth 3Y-0.82%
EBIT growth 5Y-0.84%
EBIT Next Year81.49%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-131.92%
FCF growth 3Y-31.34%
FCF growth 5Y-32.48%
OCF growth 1Y-12.91%
OCF growth 3Y10.64%
OCF growth 5Y-8.6%