MPLX LP (MPLX) Stock Fundamental Analysis
NYSE:MPLX - US55336V1008
50.87 USD
+0.44 (+0.87%)
50.76 USD
-0.11 (-0.22%)
MPLX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 209 industry peers in the Oil, Gas & Consumable Fuels industry. MPLX scores excellent on profitability, but there are 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
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
MPLX has a better Return On Assets (11.35%) than 89.00% of its industry peers.
MPLX has a better Return On Equity (31.09%) than 91.87% of its industry peers.
MPLX has a better Return On Invested Capital (11.99%) than 86.60% of its industry peers.
MPLX had an Average Return On Invested Capital over the past 3 years of 11.77%. This is significantly below the industry average of 21.91%.
The 3 year average ROIC (11.77%) for MPLX is below the current ROIC(11.99%), indicating increased profibility in the last year.
| 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 better Profit Margin (35.32%) than 89.00% 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 88.52% of the companies in the same industry.
MPLX's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 58.64%, MPLX is doing good in the industry, outperforming 66.99% 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so MPLX is still creating some value.
Compared to 1 year ago, MPLX has more shares outstanding
The number of shares outstanding for MPLX has been reduced compared to 5 years ago.
The debt/assets ratio for MPLX has been reduced compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of MPLX is 4.32, which is a neutral value as it means it would take MPLX, 4.32 years of fcf income to pay off all of its debts.
MPLX's Debt to FCF ratio of 4.32 is fine compared to the rest of the industry. MPLX outperforms 69.38% of its industry peers.
MPLX has a Debt/Equity ratio of 1.43. This is a high value indicating a heavy dependency on external financing.
MPLX has a worse Debt to Equity ratio (1.43) than 74.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.43 | ||
| Debt/FCF | 4.32 | ||
| Altman-Z | N/A |
ROIC/WACC1.41
WACC8.52%
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.
A Quick Ratio of 0.97 indicates that MPLX may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.97, MPLX is in line with its industry, outperforming 52.63% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.03 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
MPLX shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.18%.
Measured over the past years, MPLX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.66% on average per year.
Looking at the last year, MPLX shows a small growth in Revenue. The Revenue has grown by 3.28% in the last year.
Measured over the past years, MPLX shows a small growth in Revenue. The Revenue has been growing by 5.71% on average per year.
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
MPLX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.76% yearly.
MPLX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.32% yearly.
EPS Next Y6.36%
EPS Next 2Y6.61%
EPS Next 3Y7.76%
EPS Next 5Y6.76%
Revenue Next Year5.58%
Revenue Next 2Y4.96%
Revenue Next 3Y4.92%
Revenue Next 5Y4.32%
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
MPLX is valuated correctly with a Price/Earnings ratio of 12.08.
Compared to the rest of the industry, the Price/Earnings ratio of MPLX indicates a somewhat cheap valuation: MPLX is cheaper than 66.51% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.13. MPLX is valued rather cheaply when compared to this.
MPLX is valuated reasonably with a Price/Forward Earnings ratio of 10.63.
66.99% of the companies in the same industry are more expensive than MPLX, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.76. MPLX is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.08 | ||
| Fwd PE | 10.63 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as MPLX.
Based on the Price/Free Cash Flow ratio, MPLX is valued a bit cheaper than the industry average as 73.68% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.55 | ||
| EV/EBITDA | 10.91 |
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.
MPLX has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)1.9
PEG (5Y)0.95
EPS Next 2Y6.61%
EPS Next 3Y7.76%
5. Dividend
5.1 Amount
MPLX has a Yearly Dividend Yield of 7.52%, which is a nice return.
Compared to an average industry Dividend Yield of 6.06, MPLX pays a better dividend. On top of this MPLX pays more dividend than 81.82% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.32, MPLX pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.52% |
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.
The dividend of MPLX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP88.62%
EPS Next 2Y6.61%
EPS Next 3Y7.76%
50.87
+0.44 (+0.87%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners21.69%
Inst Owner Change6.98%
Ins Owners0.15%
Ins Owner Change3.24%
Market Cap51.84B
Analysts77.14
Price Target57.81 (13.64%)
Short Float %2.07%
Short Ratio5.76
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.52% |
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)0.76%
PT rev (3m)-0.34%
EPS NQ rev (1m)-6.28%
EPS NQ rev (3m)-5.46%
EPS NY rev (1m)-1.76%
EPS NY rev (3m)-1.31%
Revenue NQ rev (1m)-2.82%
Revenue NQ rev (3m)-2.23%
Revenue NY rev (1m)-1.96%
Revenue NY rev (3m)-1.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.08 | ||
| Fwd PE | 10.63 | ||
| P/S | 4.26 | ||
| P/FCF | 10.55 | ||
| P/OCF | 8.54 | ||
| P/B | 3.75 | ||
| P/tB | 9.13 | ||
| EV/EBITDA | 10.91 |
EPS(TTM)4.21
EY8.28%
EPS(NY)4.78
Fwd EY9.41%
FCF(TTM)4.82
FCFY9.48%
OCF(TTM)5.96
OCFY11.71%
SpS11.93
BVpS13.56
TBVpS5.57
PEG (NY)1.9
PEG (5Y)0.95
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%
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-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
WACC8.52%
ROIC/WACC1.41
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 Y6.36%
EPS Next 2Y6.61%
EPS Next 3Y7.76%
EPS Next 5Y6.76%
Revenue 1Y (TTM)3.28%
Revenue growth 3Y5.97%
Revenue growth 5Y5.71%
Sales Q2Q%10.12%
Revenue Next Year5.58%
Revenue Next 2Y4.96%
Revenue Next 3Y4.92%
Revenue Next 5Y4.32%
EBIT growth 1Y1.19%
EBIT growth 3Y9.44%
EBIT growth 5Y8.04%
EBIT Next Year33.88%
EBIT Next 3Y14.22%
EBIT Next 5Y10.24%
FCF growth 1Y19.12%
FCF growth 3Y3.72%
FCF growth 5Y23.91%
OCF growth 1Y19.74%
OCF growth 3Y6.58%
OCF growth 5Y7.81%