MPLX LP (MPLX)
US55336V1008
We assign a fundamental rating of 5 out of 10 to MPLX. MPLX was compared to 214 industry peers in the Oil, Gas & Consumable Fuels industry. MPLX has an excellent profitability rating, but there are concerns on its financial health. MPLX has a decent growth rate and is not valued too expensively.
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.
Each year in the past 5 years MPLX had a positive operating cash flow.
1.2 Ratios
MPLX has a Return On Assets of 10.48%. This is in the better half of the industry: MPLX outperforms 64.79% of its industry peers.
MPLX has a Return On Equity of 30.75%. This is in the better half of the industry: MPLX outperforms 76.53% of its industry peers.
MPLX's Return On Invested Capital of 11.56% is fine compared to the rest of the industry. MPLX outperforms 61.50% of its industry peers.
The Average Return On Invested Capital over the past 3 years for MPLX is significantly below the industry average of 44.69%.
The 3 year average ROIC (11.00%) for MPLX is below the current ROIC(11.56%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.48% | ||
| ROE | 30.75% | ||
| ROIC | 11.56% |
ROA(3y)9.82%
ROA(5y)5.89%
ROE(3y)28.87%
ROE(5y)17.14%
ROIC(3y)11%
ROIC(5y)9.19%
1.3 Margins
MPLX's Profit Margin of 33.94% is fine compared to the rest of the industry. MPLX outperforms 75.12% of its industry peers.
In the last couple of years the Profit Margin of MPLX has grown nicely.
MPLX's Operating Margin of 43.99% is amongst the best of the industry. MPLX outperforms 81.22% of its industry peers.
MPLX's Operating Margin has improved in the last couple of years.
MPLX has a better Gross Margin (59.27%) than 63.38% 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 | 43.99% | ||
| PM (TTM) | 33.94% | ||
| GM | 59.27% |
OM growth 3Y10.86%
OM growth 5Y2.14%
PM growth 3YN/A
PM growth 5Y6.41%
GM growth 3Y1.16%
GM growth 5Y0.54%
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 about the same amount of shares outstanding.
MPLX has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, MPLX has a worse debt to assets ratio.
2.2 Solvency
The Debt to FCF ratio of MPLX is 4.78, which is a neutral value as it means it would take MPLX, 4.78 years of fcf income to pay off all of its debts.
MPLX has a Debt to FCF ratio (4.78) which is in line with its industry peers.
A Debt/Equity ratio of 1.62 is on the high side and indicates that MPLX has dependencies on debt financing.
The Debt to Equity ratio of MPLX (1.62) is worse than 80.28% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.62 | ||
| Debt/FCF | 4.78 | ||
| Altman-Z | N/A |
ROIC/WACC1.57
WACC7.35%
2.3 Liquidity
A Current Ratio of 1.07 indicates that MPLX should not have too much problems paying its short term obligations.
MPLX's Current ratio of 1.07 is in line compared to the rest of the industry. MPLX outperforms 43.19% of its industry peers.
A Quick Ratio of 1.01 indicates that MPLX should not have too much problems paying its short term obligations.
MPLX has a Quick ratio (1.01) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.07 | ||
| Quick Ratio | 1.01 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.60% over the past year.
The Earnings Per Share has been growing by 10.05% on average over the past years. This is quite good.
The Revenue has been growing slightly by 1.59% in the past year.
MPLX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.00% yearly.
EPS 1Y (TTM)1.6%
EPS 3Y16.66%
EPS 5Y10.05%
EPS growth Q2Q41.03%
Revenue 1Y (TTM)1.59%
Revenue growth 3Y14.23%
Revenue growth 5Y10%
Revenue growth Q2Q11.42%
3.2 Future
MPLX is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 4.43% yearly.
The Revenue is expected to grow by 0.26% on average over the next years.
EPS Next Y9.52%
EPS Next 2Y7.2%
EPS Next 3Y5.69%
EPS Next 5Y4.43%
Revenue Next Year5.91%
Revenue Next 2Y3.82%
Revenue Next 3Y0.95%
Revenue Next 5Y0.26%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 11.01, the valuation of MPLX can be described as very reasonable.
MPLX's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of MPLX to the average of the S&P500 Index (24.84), we can say MPLX is valued rather cheaply.
The Price/Forward Earnings ratio is 10.05, which indicates a very decent valuation of MPLX.
Based on the Price/Forward Earnings ratio, MPLX is valued a bit cheaper than 68.08% of the companies 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 21.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.01 | ||
| Fwd PE | 10.05 |
4.2 Price Multiples
MPLX's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. MPLX is more expensive than 67.14% of the companies in the same industry.
66.67% of the companies in the same industry are more expensive than MPLX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.51 | ||
| EV/EBITDA | 10.14 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
MPLX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.16
PEG (5Y)1.1
EPS Next 2Y7.2%
EPS Next 3Y5.69%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 8.12%, MPLX is a good candidate for dividend investing.
MPLX's Dividend Yield is rather good when compared to the industry average which is at 5.72. MPLX pays more dividend than 84.04% of the companies in the same industry.
MPLX's Dividend Yield is rather good when compared to the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.12% |
5.2 History
The dividend of MPLX has a limited annual growth rate of 0.89%.
MPLX has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of MPLX decreased recently.
Dividend Growth(5Y)0.89%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
MPLX pays out 86.08% of its income as dividend. This is not a sustainable payout ratio.
MPLX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP86.08%
EPS Next 2Y7.2%
EPS Next 3Y5.69%
MPLX LP
NYSE:MPLX (4/26/2024, 7:04:42 PM)
After market: 42.1883 +0.24 (+0.57%)41.95
+0.07 (+0.17%)
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 Cap42.40B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 8.12% |
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)
Max EPS beat(2)
EPS beat(4)
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Min EPS beat(4)
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EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
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Min Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.01 | ||
| Fwd PE | 10.05 | ||
| 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)1.16
PEG (5Y)1.1
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.48% | ||
| ROE | 30.75% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 43.99% | ||
| PM (TTM) | 33.94% | ||
| GM | 59.27% | ||
| 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 Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.62 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.07 | ||
| Quick Ratio | 1.01 | ||
| 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)1.6%
EPS 3Y16.66%
EPS 5Y
EPS growth Q2Q
EPS Next Y9.52%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)1.59%
Revenue growth 3Y14.23%
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