MPLX LP (MPLX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MPLX - US55336V1008
52.55 USD
+0.21 (+0.4%)
52.5 USD
-0.05 (-0.1%)
Overall MPLX gets a fundamental rating of 6 out of 10. We evaluated MPLX against 208 industry peers in the Oil, Gas & Consumable Fuels industry. While MPLX has a great profitability rating, there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on MPLX.
1. Profitability
1.1 Basic Checks
In the past year MPLX was profitable.
MPLX had a positive operating cash flow in the past year.
Of the past 5 years MPLX 4 years were profitable.
In the past 5 years MPLX always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 11.12%, MPLX belongs to the best of the industry, outperforming 91.83% of the companies in the same industry.
MPLX's Return On Equity of 33.64% is amongst the best of the industry. MPLX outperforms 92.79% of its industry peers.
MPLX has a better Return On Invested Capital (11.54%) than 87.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MPLX is significantly below the industry average of 21.28%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.12% | ||
| ROE | 33.64% | ||
| ROIC | 11.54% |
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's Profit Margin of 37.54% is amongst the best of the industry. MPLX outperforms 92.31% of its industry peers.
MPLX's Profit Margin has improved in the last couple of years.
The Operating Margin of MPLX (45.30%) is better than 90.87% of its industry peers.
In the last couple of years the Operating Margin of MPLX has grown nicely.
MPLX has a Gross Margin of 60.15%. This is in the better half of the industry: MPLX outperforms 68.75% of its industry peers.
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 | 45.3% | ||
| PM (TTM) | 37.54% | ||
| GM | 60.15% |
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.
MPLX has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, MPLX has an improved debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of MPLX is 5.47, which is a neutral value as it means it would take MPLX, 5.47 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of MPLX (5.47) is better than 63.46% of its industry peers.
A Debt/Equity ratio of 1.69 is on the high side and indicates that MPLX has dependencies on debt financing.
With a Debt to Equity ratio value of 1.69, MPLX is not doing good in the industry: 75.96% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.69 | ||
| Debt/FCF | 5.47 | ||
| Altman-Z | N/A |
ROIC/WACC1.48
WACC7.8%
2.3 Liquidity
MPLX has a Current Ratio of 1.31. This is a normal value and indicates that MPLX is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.31, MPLX perfoms like the industry average, outperforming 59.13% of the companies in the same industry.
A Quick Ratio of 1.26 indicates that MPLX should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.26, MPLX is in the better half of the industry, outperforming 64.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.31 | ||
| Quick Ratio | 1.26 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 11.32% 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 12.66% yearly.
MPLX shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.22%.
The Revenue has been growing slightly by 5.71% on average over the past years.
EPS 1Y (TTM)11.32%
EPS 3Y13.76%
EPS 5Y12.66%
EPS Q2Q%50.5%
Revenue 1Y (TTM)8.22%
Revenue growth 3Y5.97%
Revenue growth 5Y5.71%
Sales Q2Q%21.77%
3.2 Future
MPLX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.87% yearly.
The Revenue is expected to grow by 4.33% on average over the next years.
EPS Next Y13.31%
EPS Next 2Y5.15%
EPS Next 3Y7.04%
EPS Next 5Y5.87%
Revenue Next Year8.81%
Revenue Next 2Y6.43%
Revenue Next 3Y6.32%
Revenue Next 5Y4.33%
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
With a Price/Earnings ratio of 11.13, the valuation of MPLX can be described as very reasonable.
Based on the Price/Earnings ratio, MPLX is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of MPLX to the average of the S&P500 Index (27.00), we can say MPLX is valued rather cheaply.
The Price/Forward Earnings ratio is 11.29, which indicates a very decent valuation of MPLX.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MPLX indicates a somewhat cheap valuation: MPLX is cheaper than 67.31% 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 23.70.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.13 | ||
| Fwd PE | 11.29 |
4.2 Price Multiples
MPLX's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, MPLX is valued a bit cheaper than the industry average as 72.60% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.41 | ||
| EV/EBITDA | 10.83 |
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.
MPLX has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)0.84
PEG (5Y)0.88
EPS Next 2Y5.15%
EPS Next 3Y7.04%
5. Dividend
5.1 Amount
MPLX has a Yearly Dividend Yield of 8.07%, which is a nice return.
Compared to an average industry Dividend Yield of 3.96, MPLX pays a better dividend. On top of this MPLX pays more dividend than 83.65% 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 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.07% |
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.
The dividend of MPLX decreased in the last 3 years.
Dividend Growth(5Y)5.42%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
MPLX pays out 81.29% 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.
DP81.29%
EPS Next 2Y5.15%
EPS Next 3Y7.04%
52.55
+0.21 (+0.4%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners20.94%
Inst Owner Change0%
Ins Owners0.12%
Ins Owner Change0.4%
Market Cap53.45B
Revenue(TTM)12.81B
Net Income(TTM)4.81B
Analysts77
Price Target58.43 (11.19%)
Short Float %2.77%
Short Ratio6.62
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.07% |
Yearly Dividend3.57
Dividend Growth(5Y)5.42%
DP81.29%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)16.26%
Min EPS beat(2)-5.39%
Max EPS beat(2)37.9%
EPS beat(4)2
Avg EPS beat(4)7.97%
Min EPS beat(4)-5.39%
Max EPS beat(4)37.9%
EPS beat(8)4
Avg EPS beat(8)6.82%
EPS beat(12)6
Avg EPS beat(12)3.87%
EPS beat(16)9
Avg EPS beat(16)6.83%
Revenue beat(2)1
Avg Revenue beat(2)2.98%
Min Revenue beat(2)-6.21%
Max Revenue beat(2)12.18%
Revenue beat(4)1
Avg Revenue beat(4)0.32%
Min Revenue beat(4)-6.21%
Max Revenue beat(4)12.18%
Revenue beat(8)2
Avg Revenue beat(8)-1.93%
Revenue beat(12)4
Avg Revenue beat(12)-1.36%
Revenue beat(16)8
Avg Revenue beat(16)0.79%
PT rev (1m)0.75%
PT rev (3m)0.82%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-2.34%
EPS NY rev (1m)0%
EPS NY rev (3m)7.05%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.13 | ||
| Fwd PE | 11.29 | ||
| P/S | 4.17 | ||
| P/FCF | 11.41 | ||
| P/OCF | 8.78 | ||
| P/B | 3.74 | ||
| P/tB | 12.97 | ||
| EV/EBITDA | 10.83 |
EPS(TTM)4.72
EY8.98%
EPS(NY)4.65
Fwd EY8.86%
FCF(TTM)4.61
FCFY8.77%
OCF(TTM)5.99
OCFY11.39%
SpS12.59
BVpS14.06
TBVpS4.05
PEG (NY)0.84
PEG (5Y)0.88
Graham Number38.64
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.12% | ||
| ROE | 33.64% | ||
| ROCE | 14.61% | ||
| ROIC | 11.54% | ||
| ROICexc | 12.08% | ||
| ROICexgc | 16.5% | ||
| OM | 45.3% | ||
| PM (TTM) | 37.54% | ||
| GM | 60.15% | ||
| FCFM | 36.58% |
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-Score6
Asset Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.69 | ||
| Debt/FCF | 5.47 | ||
| Debt/EBITDA | 3.39 | ||
| Cap/Depr | 106.21% | ||
| Cap/Sales | 10.95% | ||
| Interest Coverage | 6.3 | ||
| Cash Conversion | 85.47% | ||
| Profit Quality | 97.44% | ||
| Current Ratio | 1.31 | ||
| Quick Ratio | 1.26 | ||
| Altman-Z | N/A |
F-Score6
WACC7.8%
ROIC/WACC1.48
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)11.32%
EPS 3Y13.76%
EPS 5Y12.66%
EPS Q2Q%50.5%
EPS Next Y13.31%
EPS Next 2Y5.15%
EPS Next 3Y7.04%
EPS Next 5Y5.87%
Revenue 1Y (TTM)8.22%
Revenue growth 3Y5.97%
Revenue growth 5Y5.71%
Sales Q2Q%21.77%
Revenue Next Year8.81%
Revenue Next 2Y6.43%
Revenue Next 3Y6.32%
Revenue Next 5Y4.33%
EBIT growth 1Y10.05%
EBIT growth 3Y9.44%
EBIT growth 5Y8.04%
EBIT Next Year33.12%
EBIT Next 3Y14.93%
EBIT Next 5Y10.1%
FCF growth 1Y7.9%
FCF growth 3Y3.72%
FCF growth 5Y23.91%
OCF growth 1Y15.39%
OCF growth 3Y6.58%
OCF growth 5Y7.81%
MPLX LP / MPLX FAQ
Can you provide the ChartMill fundamental rating for MPLX LP?
ChartMill assigns a fundamental rating of 6 / 10 to MPLX.
Can you provide the valuation status for MPLX LP?
ChartMill assigns a valuation rating of 7 / 10 to MPLX LP (MPLX). This can be considered as Undervalued.
Can you provide the profitability details for MPLX LP?
MPLX LP (MPLX) has a profitability rating of 8 / 10.
What is the valuation of MPLX LP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for MPLX LP (MPLX) is 11.13 and the Price/Book (PB) ratio is 3.74.
Can you provide the dividend sustainability for MPLX stock?
The dividend rating of MPLX LP (MPLX) is 6 / 10 and the dividend payout ratio is 81.29%.