MURPHY USA INC (MUSA) Stock Fundamental Analysis
NYSE:MUSA - US6267551025 - Common Stock
376.5 USD
+2.12 (+0.57%)
376.5 USD
0 (0%)
Overall MUSA gets a fundamental rating of 5 out of 10. We evaluated MUSA against 123 industry peers in the Specialty Retail industry. MUSA scores excellent on profitability, but there are some minor concerns on its financial health. MUSA is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year MUSA was profitable.
MUSA had a positive operating cash flow in the past year.
In the past 5 years MUSA has always been profitable.
Each year in the past 5 years MUSA had a positive operating cash flow.
1.2 Ratios
MUSA has a Return On Assets of 10.61%. This is amongst the best in the industry. MUSA outperforms 84.55% of its industry peers.
MUSA's Return On Equity of 75.92% is amongst the best of the industry. MUSA outperforms 97.56% of its industry peers.
The Return On Invested Capital of MUSA (15.54%) is better than 85.37% of its industry peers.
MUSA had an Average Return On Invested Capital over the past 3 years of 19.00%. This is significantly above the industry average of 12.10%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.61% | ||
| ROE | 75.92% | ||
| ROIC | 15.54% |
ROA(3y)13.41%
ROA(5y)12.88%
ROE(3y)77.34%
ROE(5y)66.09%
ROIC(3y)19%
ROIC(5y)18.15%
1.3 Margins
Looking at the Profit Margin, with a value of 2.52%, MUSA is in the better half of the industry, outperforming 64.23% of the companies in the same industry.
MUSA's Profit Margin has improved in the last couple of years.
The Operating Margin of MUSA (3.80%) is better than 60.98% of its industry peers.
MUSA's Operating Margin has improved in the last couple of years.
MUSA's Gross Margin of 11.89% is on the low side compared to the rest of the industry. MUSA is outperformed by 89.43% of its industry peers.
In the last couple of years the Gross Margin of MUSA has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.8% | ||
| PM (TTM) | 2.52% | ||
| GM | 11.89% |
OM growth 3Y1.87%
OM growth 5Y14.26%
PM growth 3Y2.77%
PM growth 5Y17.58%
GM growth 3Y2.28%
GM growth 5Y7.25%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so MUSA is creating value.
Compared to 1 year ago, MUSA has less shares outstanding
MUSA has less shares outstanding than it did 5 years ago.
MUSA has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 6.98 indicates that MUSA is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 6.98, MUSA belongs to the best of the industry, outperforming 92.68% of the companies in the same industry.
MUSA has a debt to FCF ratio of 5.71. This is a neutral value as MUSA would need 5.71 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 5.71, MUSA is doing good in the industry, outperforming 61.79% of the companies in the same industry.
A Debt/Equity ratio of 3.20 is on the high side and indicates that MUSA has dependencies on debt financing.
MUSA has a worse Debt to Equity ratio (3.20) than 75.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.2 | ||
| Debt/FCF | 5.71 | ||
| Altman-Z | 6.98 |
ROIC/WACC1.71
WACC9.07%
2.3 Liquidity
MUSA has a Current Ratio of 0.80. This is a bad value and indicates that MUSA is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of MUSA (0.80) is worse than 86.18% of its industry peers.
MUSA has a Quick Ratio of 0.80. This is a bad value and indicates that MUSA is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.39, MUSA is doing worse than 61.79% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.39 |
3. Growth
3.1 Past
MUSA shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.35%.
The Earnings Per Share has been growing by 35.75% on average over the past years. This is a very strong growth
Looking at the last year, MUSA shows a decrease in Revenue. The Revenue has decreased by -7.95% in the last year.
The Revenue has been growing slightly by 7.60% on average over the past years.
EPS 1Y (TTM)-2.35%
EPS 3Y16.64%
EPS 5Y35.75%
EPS Q2Q%6.36%
Revenue 1Y (TTM)-7.95%
Revenue growth 3Y5.25%
Revenue growth 5Y7.6%
Sales Q2Q%-8.19%
3.2 Future
The Earnings Per Share is expected to grow by 6.02% on average over the next years.
MUSA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.94% yearly.
EPS Next Y-0.39%
EPS Next 2Y4.27%
EPS Next 3Y6.87%
EPS Next 5Y6.02%
Revenue Next Year-4.22%
Revenue Next 2Y0.13%
Revenue Next 3Y0.34%
Revenue Next 5Y1.94%
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
A Price/Earnings ratio of 15.59 indicates a correct valuation of MUSA.
Based on the Price/Earnings ratio, MUSA is valued a bit cheaper than the industry average as 76.42% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.13. MUSA is valued slightly cheaper when compared to this.
MUSA is valuated correctly with a Price/Forward Earnings ratio of 14.31.
69.92% of the companies in the same industry are more expensive than MUSA, based on the Price/Forward Earnings ratio.
MUSA's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.76.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.59 | ||
| Fwd PE | 14.31 |
4.2 Price Multiples
MUSA's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MUSA is cheaper than 63.41% of the companies in the same industry.
MUSA's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. MUSA is cheaper than 75.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.91 | ||
| EV/EBITDA | 9.24 |
4.3 Compensation for Growth
The excellent profitability rating of MUSA may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.44
EPS Next 2Y4.27%
EPS Next 3Y6.87%
5. Dividend
5.1 Amount
MUSA has a yearly dividend return of 0.57%, which is pretty low.
Compared to an average industry Dividend Yield of 5.41, MUSA pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.32, MUSA's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.57% |
5.2 History
MUSA has been paying a dividend for over 5 years, so it has already some track record.
MUSA has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years4
Div Non Decr Years4
5.3 Sustainability
7.85% of the earnings are spent on dividend by MUSA. This is a low number and sustainable payout ratio.
DP7.85%
EPS Next 2Y4.27%
EPS Next 3Y6.87%
376.5
+2.12 (+0.57%)
Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustrySpecialty Retail
Earnings (Last)
Earnings (Next)
Inst Owners90.2%
Inst Owner Change-6.85%
Ins Owners7.59%
Ins Owner Change-0.17%
Market Cap7.26B
Analysts78.57
Price Target429.59 (14.1%)
Short Float %5.71%
Short Ratio2.97
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.57% |
Yearly Dividend1.8
Dividend Growth(5Y)N/A
DP7.85%
Div Incr Years4
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-13.66%
Min EPS beat(2)-35.68%
Max EPS beat(2)8.37%
EPS beat(4)3
Avg EPS beat(4)-4.07%
Min EPS beat(4)-35.68%
Max EPS beat(4)8.37%
EPS beat(8)5
Avg EPS beat(8)-2.92%
EPS beat(12)7
Avg EPS beat(12)-0.47%
EPS beat(16)11
Avg EPS beat(16)13.09%
Revenue beat(2)0
Avg Revenue beat(2)-4.68%
Min Revenue beat(2)-5.23%
Max Revenue beat(2)-4.14%
Revenue beat(4)0
Avg Revenue beat(4)-5.62%
Min Revenue beat(4)-8.63%
Max Revenue beat(4)-4.14%
Revenue beat(8)1
Avg Revenue beat(8)-5.01%
Revenue beat(12)3
Avg Revenue beat(12)-3.63%
Revenue beat(16)7
Avg Revenue beat(16)-1.51%
PT rev (1m)-14.77%
PT rev (3m)-20.73%
EPS NQ rev (1m)-4.27%
EPS NQ rev (3m)-8.69%
EPS NY rev (1m)-1.08%
EPS NY rev (3m)-1.42%
Revenue NQ rev (1m)-1.58%
Revenue NQ rev (3m)-5.74%
Revenue NY rev (1m)-1.21%
Revenue NY rev (3m)-2.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.59 | ||
| Fwd PE | 14.31 | ||
| P/S | 0.37 | ||
| P/FCF | 19.91 | ||
| P/OCF | 8.7 | ||
| P/B | 11.24 | ||
| P/tB | 40.64 | ||
| EV/EBITDA | 9.24 |
EPS(TTM)24.15
EY6.41%
EPS(NY)26.31
Fwd EY6.99%
FCF(TTM)18.91
FCFY5.02%
OCF(TTM)43.26
OCFY11.49%
SpS1009.81
BVpS33.49
TBVpS9.26
PEG (NY)N/A
PEG (5Y)0.44
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.61% | ||
| ROE | 75.92% | ||
| ROCE | 20.32% | ||
| ROIC | 15.54% | ||
| ROICexc | 15.77% | ||
| ROICexgc | 18.13% | ||
| OM | 3.8% | ||
| PM (TTM) | 2.52% | ||
| GM | 11.89% | ||
| FCFM | 1.87% |
ROA(3y)13.41%
ROA(5y)12.88%
ROE(3y)77.34%
ROE(5y)66.09%
ROIC(3y)19%
ROIC(5y)18.15%
ROICexc(3y)19.48%
ROICexc(5y)19%
ROICexgc(3y)22.67%
ROICexgc(5y)21.44%
ROCE(3y)24.85%
ROCE(5y)23.74%
ROICexcg growth 3Y1.96%
ROICexcg growth 5Y11.65%
ROICexc growth 3Y2.7%
ROICexc growth 5Y8.54%
OM growth 3Y1.87%
OM growth 5Y14.26%
PM growth 3Y2.77%
PM growth 5Y17.58%
GM growth 3Y2.28%
GM growth 5Y7.25%
F-Score5
Asset Turnover4.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 3.2 | ||
| Debt/FCF | 5.71 | ||
| Debt/EBITDA | 2.06 | ||
| Cap/Depr | 177.78% | ||
| Cap/Sales | 2.41% | ||
| Interest Coverage | 7.76 | ||
| Cash Conversion | 83.02% | ||
| Profit Quality | 74.35% | ||
| Current Ratio | 0.8 | ||
| Quick Ratio | 0.39 | ||
| Altman-Z | 6.98 |
F-Score5
WACC9.07%
ROIC/WACC1.71
Cap/Depr(3y)156.66%
Cap/Depr(5y)148.5%
Cap/Sales(3y)1.71%
Cap/Sales(5y)1.75%
Profit Quality(3y)86.83%
Profit Quality(5y)92.66%
High Growth Momentum
Growth
EPS 1Y (TTM)-2.35%
EPS 3Y16.64%
EPS 5Y35.75%
EPS Q2Q%6.36%
EPS Next Y-0.39%
EPS Next 2Y4.27%
EPS Next 3Y6.87%
EPS Next 5Y6.02%
Revenue 1Y (TTM)-7.95%
Revenue growth 3Y5.25%
Revenue growth 5Y7.6%
Sales Q2Q%-8.19%
Revenue Next Year-4.22%
Revenue Next 2Y0.13%
Revenue Next 3Y0.34%
Revenue Next 5Y1.94%
EBIT growth 1Y-6.05%
EBIT growth 3Y7.22%
EBIT growth 5Y22.94%
EBIT Next Year32.02%
EBIT Next 3Y14.44%
EBIT Next 5Y10.84%
FCF growth 1Y-26.1%
FCF growth 3Y-5.58%
FCF growth 5Y29.13%
OCF growth 1Y4.42%
OCF growth 3Y4.75%
OCF growth 5Y22.02%