MARTIN MIDSTREAM PARTNERS LP (MMLP)

US5733311055

2.6  -0.02 (-0.76%)

Fundamental Rating

3

Overall MMLP gets a fundamental rating of 3 out of 10. We evaluated MMLP against 214 industry peers in the Oil, Gas & Consumable Fuels industry. MMLP has a bad profitability rating. Also its financial health evaluation is rather negative. MMLP is valued correctly, but it does not seem to be growing.



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.
MMLP had negative earnings in each of the past 5 years.
MMLP had a positive operating cash flow in each of the past 5 years.

1.2 Ratios

MMLP's Return On Assets of -0.86% is on the low side compared to the rest of the industry. MMLP is outperformed by 84.51% of its industry peers.
MMLP's Return On Invested Capital of 12.62% is fine compared to the rest of the industry. MMLP outperforms 67.61% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MMLP is significantly below the industry average of 48.71%.
The last Return On Invested Capital (12.62%) for MMLP is above the 3 year average (10.14%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -0.86%
ROE N/A
ROIC 12.62%
ROA(3y)-0.86%
ROA(5y)-5.89%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)10.14%
ROIC(5y)9.15%

1.3 Margins

With a Operating Margin value of 8.19%, MMLP is not doing good in the industry: 75.12% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of MMLP has grown nicely.
MMLP's Gross Margin of 51.17% is in line compared to the rest of the industry. MMLP outperforms 50.23% of its industry peers.
MMLP's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 8.19%
PM (TTM) N/A
GM 51.17%
OM growth 3Y9.78%
OM growth 5Y13.12%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y2.95%
GM growth 5Y7.66%

3

2. Health

2.1 Basic Checks

MMLP has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
The number of shares outstanding for MMLP remains at a similar level compared to 1 year ago.
Compared to 5 years ago, MMLP has less shares outstanding
Compared to 1 year ago, MMLP has an improved debt to assets ratio.

2.2 Solvency

The Debt to FCF ratio of MMLP is 4.08, which is a neutral value as it means it would take MMLP, 4.08 years of fcf income to pay off all of its debts.
MMLP has a Debt to FCF ratio of 4.08. This is comparable to the rest of the industry: MMLP outperforms 59.15% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.08
Altman-Z N/A
ROIC/WACC2.08
WACC6.08%

2.3 Liquidity

MMLP has a Current Ratio of 1.14. This is a normal value and indicates that MMLP is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of MMLP (1.14) is comparable to the rest of the industry.
A Quick Ratio of 0.70 indicates that MMLP may have some problems paying its short term obligations.
MMLP has a worse Quick ratio (0.70) than 74.18% of its industry peers.
Industry RankSector Rank
Current Ratio 1.14
Quick Ratio 0.7

2

3. Growth

3.1 Past

MMLP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 55.01%, which is quite impressive.
The Revenue for MMLP has decreased by -21.69% in the past year. This is quite bad
Measured over the past years, MMLP shows a decrease in Revenue. The Revenue has been decreasing by -4.79% on average per year.
EPS 1Y (TTM)55.01%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q200%
Revenue 1Y (TTM)-21.69%
Revenue growth 3Y5.89%
Revenue growth 5Y-4.79%
Revenue growth Q2Q-25.6%

3.2 Future

MMLP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 98.87% yearly.
Based on estimates for the next years, MMLP will show a decrease in Revenue. The Revenue will decrease by -0.95% on average per year.
EPS Next Y193.5%
EPS Next 2Y98.87%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-4.66%
Revenue Next 2Y-0.95%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.

4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for MMLP. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 23.17, the valuation of MMLP can be described as rather expensive.
66.67% of the companies in the same industry are cheaper than MMLP, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of MMLP to the average of the S&P500 Index (22.74), we can say MMLP is valued inline with the index average.
Industry RankSector Rank
PE N/A
Fwd PE 23.17

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, MMLP is valued a bit cheaper than the industry average as 64.79% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, MMLP is valued cheaper than 100.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 0.98
EV/EBITDA 4.54

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
MMLP's earnings are expected to grow with 98.87% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y98.87%
EPS Next 3YN/A

1

5. Dividend

5.1 Amount

MMLP has a yearly dividend return of 0.77%, which is pretty low.
MMLP's Dividend Yield is slightly below the industry average, which is at 5.86.
Compared to an average S&P500 Dividend Yield of 2.34, MMLP's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.77%

5.2 History

The dividend of MMLP decreases each year by -60.13%.
MMLP has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of MMLP decreased in the last 3 years.
Dividend Growth(5Y)-60.13%
Div Incr Years0
Div Non Decr Years2

5.3 Sustainability

The earnings of MMLP are negative and hence is the payout ratio. MMLP will probably not be able to sustain this dividend level.
DP-18.04%
EPS Next 2Y98.87%
EPS Next 3YN/A

MARTIN MIDSTREAM PARTNERS LP

NASDAQ:MMLP (3/28/2024, 10:06:56 AM)

2.6

-0.02 (-0.76%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap101.40M
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 0.77%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 23.17
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.86%
ROE N/A
ROCE
ROIC
ROICexc
ROICexgc
OM 8.19%
PM (TTM) N/A
GM 51.17%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.57
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 1.14
Quick Ratio 0.7
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)55.01%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y193.5%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-21.69%
Revenue growth 3Y5.89%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y