MPLX LP (MPLX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:MPLX - US55336V1008
55.2 USD
-0.35 (-0.63%)
55.37 USD
+0.17 (+0.31%)
Overall MPLX gets a fundamental rating of 6 out of 10. We evaluated MPLX against 209 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 correct valuation and a medium growth rate.
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.
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
MPLX has a Return On Assets of 11.12%. This is amongst the best in the industry. MPLX outperforms 91.87% of its industry peers.
The Return On Equity of MPLX (33.64%) is better than 93.30% of its industry peers.
MPLX has a Return On Invested Capital of 11.54%. This is amongst the best in the industry. MPLX outperforms 87.56% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MPLX is significantly below the industry average of 20.87%.
| 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
The Profit Margin of MPLX (37.54%) is better than 92.34% of its industry peers.
In the last couple of years the Profit Margin of MPLX has grown nicely.
With an excellent Operating Margin value of 45.30%, MPLX belongs to the best of the industry, outperforming 90.43% of the companies in the same industry.
In the last couple of years the Operating Margin of MPLX has grown nicely.
Looking at the Gross Margin, with a value of 60.15%, MPLX is in the better half of the industry, outperforming 68.42% of the companies in the same industry.
MPLX's Gross Margin has been stable in the last couple of years.
| 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.
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 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.
MPLX has a better Debt to FCF ratio (5.47) than 64.11% of its industry peers.
MPLX has a Debt/Equity ratio of 1.69. This is a high value indicating a heavy dependency on external financing.
MPLX's Debt to Equity ratio of 1.69 is on the low side compared to the rest of the industry. MPLX is outperformed by 77.99% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.69 | ||
| Debt/FCF | 5.47 | ||
| Altman-Z | N/A |
ROIC/WACC1.45
WACC7.97%
2.3 Liquidity
A Current Ratio of 1.31 indicates that MPLX should not have too much problems paying its short term obligations.
MPLX has a Current ratio (1.31) which is comparable to the rest of the industry.
A Quick Ratio of 1.26 indicates that MPLX should not have too much problems paying its short term obligations.
MPLX's Quick ratio of 1.26 is fine compared to the rest of the industry. MPLX outperforms 63.64% of its industry peers.
| 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.
Looking at the last year, MPLX shows a quite strong growth in Revenue. The Revenue has grown by 8.22% in the last year.
MPLX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.71% yearly.
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
The Earnings Per Share is expected to grow by 5.87% on average over the next years.
The Revenue is expected to grow by 4.33% on average over the next years.
EPS Next Y13.31%
EPS Next 2Y5.09%
EPS Next 3Y7.05%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 11.69, 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 70.81% of the companies are valued more expensively.
MPLX's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.28.
With a Price/Forward Earnings ratio of 11.87, the valuation of MPLX can be described as very reasonable.
Based on the Price/Forward Earnings ratio, MPLX is valued a bit cheaper than 66.03% of the companies in the same industry.
MPLX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.52, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.69 | ||
| Fwd PE | 11.87 |
4.2 Price Multiples
MPLX's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MPLX indicates a somewhat cheap valuation: MPLX is cheaper than 71.77% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.98 | ||
| EV/EBITDA | 11.28 |
4.3 Compensation for Growth
MPLX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The excellent profitability rating of MPLX may justify a higher PE ratio.
PEG (NY)0.88
PEG (5Y)0.92
EPS Next 2Y5.09%
EPS Next 3Y7.05%
5. Dividend
5.1 Amount
MPLX has a Yearly Dividend Yield of 7.71%, which is a nice return.
Compared to an average industry Dividend Yield of 5.71, MPLX pays a better dividend. On top of this MPLX pays more dividend than 82.30% 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 2.31.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.71% |
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
81.29% of the earnings are spent on dividend by MPLX. 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 2Y5.09%
EPS Next 3Y7.05%
55.2
-0.35 (-0.63%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners20.95%
Inst Owner Change-7.76%
Ins Owners0.12%
Ins Owner Change0.47%
Market Cap56.14B
Revenue(TTM)12.81B
Net Income(TTM)4.81B
Analysts77
Price Target58.43 (5.85%)
Short Float %2.46%
Short Ratio5.46
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.71% |
Yearly Dividend3.57
Dividend Growth(5Y)5.42%
DP81.29%
Div Incr Years2
Div Non Decr Years2
Ex-Date
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)0.63%
PT rev (3m)0.94%
EPS NQ rev (1m)-0.16%
EPS NQ rev (3m)-1.44%
EPS NY rev (1m)7.23%
EPS NY rev (3m)6.54%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)0.49%
Revenue NY rev (1m)2.89%
Revenue NY rev (3m)3.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.69 | ||
| Fwd PE | 11.87 | ||
| P/S | 4.38 | ||
| P/FCF | 11.98 | ||
| P/OCF | 9.22 | ||
| P/B | 3.93 | ||
| P/tB | 13.62 | ||
| EV/EBITDA | 11.28 |
EPS(TTM)4.72
EY8.55%
EPS(NY)4.65
Fwd EY8.42%
FCF(TTM)4.61
FCFY8.35%
OCF(TTM)5.99
OCFY10.84%
SpS12.59
BVpS14.06
TBVpS4.05
PEG (NY)0.88
PEG (5Y)0.92
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
WACC7.97%
ROIC/WACC1.45
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 2Y5.09%
EPS Next 3Y7.05%
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.
What is the valuation status for MPLX stock?
ChartMill assigns a valuation rating of 6 / 10 to MPLX LP (MPLX). This can be considered as Fairly Valued.
Can you provide the profitability details for MPLX LP?
MPLX LP (MPLX) has a profitability rating of 8 / 10.
What is the expected EPS growth for MPLX LP (MPLX) stock?
The Earnings per Share (EPS) of MPLX LP (MPLX) is expected to grow by 13.31% in the next year.
Is the dividend of MPLX LP sustainable?
The dividend rating of MPLX LP (MPLX) is 6 / 10 and the dividend payout ratio is 81.29%.