MPLX LP (MPLX) Stock Fundamental Analysis
NYSE:MPLX - New York Stock Exchange, Inc. - US55336V1008 - Currency: USD
Overall MPLX gets a fundamental rating of 6 out of 10. We evaluated MPLX against 213 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. MPLX has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
MPLX had positive earnings in the past year.
MPLX had a positive operating cash flow in the past year.
MPLX had positive earnings in 4 of the past 5 years.
Each year in the past 5 years MPLX had a positive operating cash flow.
1.2 Ratios
The Return On Assets of MPLX (11.33%) is better than 85.92% of its industry peers.
MPLX has a Return On Equity of 31.90%. This is amongst the best in the industry. MPLX outperforms 91.55% of its industry peers.
The Return On Invested Capital of MPLX (12.26%) is better than 86.85% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MPLX is significantly below the industry average of 23.55%.
The last Return On Invested Capital (12.26%) for MPLX is above the 3 year average (11.77%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.33% | ||
| ROE | 31.9% | ||
| ROIC | 12.26% |
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 36.16%. This is amongst the best in the industry. MPLX outperforms 88.73% of its industry peers.
MPLX's Profit Margin has improved in the last couple of years.
MPLX has a Operating Margin of 44.25%. This is amongst the best in the industry. MPLX outperforms 88.73% of its industry peers.
In the last couple of years the Operating Margin of MPLX has grown nicely.
MPLX's Gross Margin of 59.41% is fine compared to the rest of the industry. MPLX outperforms 65.26% of its industry peers.
MPLX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 44.25% | ||
| PM (TTM) | 36.16% | ||
| GM | 59.41% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MPLX is still creating some value.
MPLX has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, MPLX has less shares outstanding
Compared to 1 year ago, MPLX has an improved debt to assets ratio.
2.2 Solvency
MPLX has a debt to FCF ratio of 4.64. This is a neutral value as MPLX would need 4.64 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 4.64, MPLX is doing good in the industry, outperforming 66.67% 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 74.65% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 4.64 | ||
| Altman-Z | N/A |
ROIC/WACC1.65
WACC7.43%
2.3 Liquidity
A Current Ratio of 1.08 indicates that MPLX should not have too much problems paying its short term obligations.
The Current ratio of MPLX (1.08) is comparable to the rest of the industry.
A Quick Ratio of 1.04 indicates that MPLX should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.04, MPLX is in line with its industry, outperforming 54.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.08 | ||
| Quick Ratio | 1.04 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 11.60% 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 a small growth in Revenue. In the last year, the Revenue has grown by 6.98%.
The Revenue has been growing slightly by 5.71% on average over the past years.
EPS 1Y (TTM)11.6%
EPS 3Y13.76%
EPS 5Y12.66%
EPS Q2Q%12.24%
Revenue 1Y (TTM)6.98%
Revenue growth 3Y5.97%
Revenue growth 5Y5.71%
Sales Q2Q%9.77%
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 5.76% on average per year.
MPLX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.78% yearly.
EPS Next Y8.16%
EPS Next 2Y7.68%
EPS Next 3Y7.36%
EPS Next 5Y5.76%
Revenue Next Year7.39%
Revenue Next 2Y6.19%
Revenue Next 3Y5.05%
Revenue Next 5Y1.78%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 11.87, which indicates a very decent valuation of MPLX.
Based on the Price/Earnings ratio, MPLX is valued a bit cheaper than the industry average as 65.73% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 26.35, MPLX is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 10.53, the valuation of MPLX can be described as reasonable.
MPLX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MPLX is cheaper than 67.14% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of MPLX to the average of the S&P500 Index (22.19), we can say MPLX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.87 | ||
| Fwd PE | 10.53 |
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 72.30% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.85 | ||
| EV/EBITDA | 10.8 |
4.3 Compensation for Growth
MPLX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of MPLX may justify a higher PE ratio.
PEG (NY)1.45
PEG (5Y)0.94
EPS Next 2Y7.68%
EPS Next 3Y7.36%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 7.44%, MPLX is a good candidate for dividend investing.
MPLX's Dividend Yield is rather good when compared to the industry average which is at 6.47. MPLX pays more dividend than 81.22% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, MPLX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.44% |
5.2 History
The dividend of MPLX has a limited annual growth rate of 5.42%.
MPLX has been paying a dividend for at least 10 years, so it has 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 83.92% 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.
DP83.92%
EPS Next 2Y7.68%
EPS Next 3Y7.36%
51.38
-0.03 (-0.06%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners21.67%
Inst Owner Change-1.45%
Ins Owners0.15%
Ins Owner Change3.16%
Market Cap52.45B
Analysts77.14
Price Target57.49 (11.89%)
Short Float %2.05%
Short Ratio4.7
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.44% |
Yearly Dividend3.57
Dividend Growth(5Y)5.42%
DP83.92%
Div Incr Years2
Div Non Decr Years2
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-0.32%
Min EPS beat(2)-1.71%
Max EPS beat(2)1.07%
EPS beat(4)2
Avg EPS beat(4)2.3%
Min EPS beat(4)-5.24%
Max EPS beat(4)15.06%
EPS beat(8)4
Avg EPS beat(8)1.99%
EPS beat(12)7
Avg EPS beat(12)6.23%
EPS beat(16)9
Avg EPS beat(16)4.67%
Revenue beat(2)0
Avg Revenue beat(2)-2.33%
Min Revenue beat(2)-2.47%
Max Revenue beat(2)-2.2%
Revenue beat(4)0
Avg Revenue beat(4)-5.01%
Min Revenue beat(4)-9.61%
Max Revenue beat(4)-2.2%
Revenue beat(8)2
Avg Revenue beat(8)-2.94%
Revenue beat(12)5
Avg Revenue beat(12)-0.55%
Revenue beat(16)9
Avg Revenue beat(16)0.99%
PT rev (1m)-0.88%
PT rev (3m)1.01%
EPS NQ rev (1m)-0.19%
EPS NQ rev (3m)-0.06%
EPS NY rev (1m)0.36%
EPS NY rev (3m)0.62%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.22%
Revenue NY rev (1m)-0.25%
Revenue NY rev (3m)0.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.87 | ||
| Fwd PE | 10.53 | ||
| P/S | 4.3 | ||
| P/FCF | 10.85 | ||
| P/OCF | 8.89 | ||
| P/B | 3.79 | ||
| P/tB | 9.26 | ||
| EV/EBITDA | 10.8 |
EPS(TTM)4.33
EY8.43%
EPS(NY)4.88
Fwd EY9.5%
FCF(TTM)4.73
FCFY9.21%
OCF(TTM)5.78
OCFY11.25%
SpS11.96
BVpS13.56
TBVpS5.55
PEG (NY)1.45
PEG (5Y)0.94
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 11.33% | ||
| ROE | 31.9% | ||
| ROCE | 15.52% | ||
| ROIC | 12.26% | ||
| ROICexc | 13.23% | ||
| ROICexgc | 17.71% | ||
| OM | 44.25% | ||
| PM (TTM) | 36.16% | ||
| GM | 59.41% | ||
| FCFM | 39.58% |
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%
ROICexcg growth 3Y8.04%
ROICexcg 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-Score9
Asset Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 4.64 | ||
| Debt/EBITDA | 2.95 | ||
| Cap/Depr | 82.66% | ||
| Cap/Sales | 8.75% | ||
| Interest Coverage | 5.75 | ||
| Cash Conversion | 88.14% | ||
| Profit Quality | 109.47% | ||
| Current Ratio | 1.08 | ||
| Quick Ratio | 1.04 | ||
| Altman-Z | N/A |
F-Score9
WACC7.43%
ROIC/WACC1.65
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)11.6%
EPS 3Y13.76%
EPS 5Y12.66%
EPS Q2Q%12.24%
EPS Next Y8.16%
EPS Next 2Y7.68%
EPS Next 3Y7.36%
EPS Next 5Y5.76%
Revenue 1Y (TTM)6.98%
Revenue growth 3Y5.97%
Revenue growth 5Y5.71%
Sales Q2Q%9.77%
Revenue Next Year7.39%
Revenue Next 2Y6.19%
Revenue Next 3Y5.05%
Revenue Next 5Y1.78%
EBIT growth 1Y8.69%
EBIT growth 3Y9.44%
EBIT growth 5Y8.04%
EBIT Next Year34.91%
EBIT Next 3Y14.22%
EBIT Next 5Y9.46%
FCF growth 1Y12%
FCF growth 3Y3.72%
FCF growth 5Y23.91%
OCF growth 1Y15.23%
OCF growth 3Y6.58%
OCF growth 5Y7.81%