Financials MPLX LP

Equities

MPLX

US55336V1008

Oil & Gas Transportation Services

Market Closed - Nyse 04:00:02 2024-04-26 pm EDT 5-day change 1st Jan Change
41.95 USD +0.17% Intraday chart for MPLX LP +3.12% +14.24%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 26,946 22,520 30,178 32,946 36,765 42,400 - -
Enterprise Value (EV) 1 46,635 42,644 48,736 52,504 56,148 61,545 60,854 60,648
P/E ratio 25.5 x -27.1 x 10.3 x 8.76 x 9.66 x 10.5 x 10.1 x 9.77 x
Yield 10.6% 12.7% 11.4% 9.01% 8.85% 8.39% 8.94% 9.59%
Capitalization / Revenue 2.98 x 2.98 x 3.01 x 2.84 x 3.26 x 3.58 x 3.51 x 3.7 x
EV / Revenue 5.16 x 5.63 x 4.86 x 4.52 x 4.98 x 5.2 x 5.03 x 5.29 x
EV / EBITDA 10.8 x 8.18 x 8.77 x 9.09 x 8.96 x 9.45 x 9.1 x 8.78 x
EV / FCF 26.7 x 12.1 x 11.1 x 12.5 x 13.6 x 13.7 x 12.9 x 14.5 x
FCF Yield 3.75% 8.27% 9.03% 8.02% 7.36% 7.28% 7.73% 6.92%
Price to Book 1.41 x 1.75 x 2.57 x 2.67 x 2.9 x 3.27 x 3.2 x -
Nbr of stocks (in thousands) 1,058,355 1,040,169 1,019,864 1,003,243 1,001,217 1,010,717 - -
Reference price 2 25.46 21.65 29.59 32.84 36.72 41.95 41.95 41.95
Announcement Date 1/29/20 2/2/21 2/2/22 1/31/23 1/30/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 9,041 7,569 10,027 11,613 11,281 11,831 12,088 11,461
EBITDA 1 4,334 5,211 5,560 5,775 6,269 6,516 6,689 6,905
EBIT 1 2,377 211 3,992 4,911 4,900 4,984 5,119 5,147
Operating Margin 26.29% 2.79% 39.81% 42.29% 43.44% 42.13% 42.35% 44.9%
Earnings before Tax (EBT) 1 1,462 -685 3,113 3,986 3,977 4,105 4,306 4,339
Net income 1 935 -842 2,936 3,815 3,829 4,009 4,154 4,100
Net margin 10.34% -11.12% 29.28% 32.85% 33.94% 33.89% 34.37% 35.77%
EPS 2 1.000 -0.8000 2.860 3.750 3.800 4.004 4.161 4.292
Free Cash Flow 1 1,748 3,528 4,399 4,213 4,135 4,483 4,707 4,195
FCF margin 19.33% 46.61% 43.87% 36.28% 36.65% 37.89% 38.94% 36.6%
FCF Conversion (EBITDA) 40.33% 67.7% 79.12% 72.95% 65.96% 68.8% 70.37% 60.75%
FCF Conversion (Net income) 186.95% - 149.83% 110.43% 107.99% 111.82% 113.3% 102.32%
Dividend per Share 2 2.690 2.750 3.360 2.960 3.250 3.518 3.749 4.025
Announcement Date 1/29/20 2/2/21 2/2/22 1/31/23 1/30/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 2,559 2,734 2,610 2,940 3,401 2,662 2,713 2,690 2,912 2,966 2,897 2,941 3,036 3,009 2,999
EBITDA 1 1,389 1,445 1,393 1,457 1,471 1,454 1,519 1,531 1,596 1,623 1,589 1,614 1,665 1,657 1,647
EBIT 1 1,031 1,056 1,060 1,117 1,674 1,060 1,196 1,175 1,154 1,375 1,239 1,241 1,283 1,266 1,308
Operating Margin 40.29% 38.62% 40.61% 37.99% 49.22% 39.82% 44.08% 43.68% 39.63% 46.36% 42.77% 42.19% 42.26% 42.07% 43.6%
Earnings before Tax (EBT) 1 811 838 838 884 1,438 826 953 942 929 1,153 1,012 1,032 1,071 1,032 1,056
Net income 1 754 799 793 844 1,395 783 915 910 893 1,111 982.9 996.5 1,035 1,016 1,022
Net margin 29.46% 29.22% 30.38% 28.71% 41.02% 29.41% 33.73% 33.83% 30.67% 37.46% 33.93% 33.88% 34.1% 33.75% 34.08%
EPS 2 0.7400 0.7800 0.7800 0.8300 1.360 0.7800 0.9100 0.9100 0.8900 1.100 0.9637 0.9845 1.011 1.009 1.039
Dividend per Share 2 0.7050 0.7050 0.7050 0.7050 0.7750 0.7750 0.7750 0.7750 - 0.8500 0.8500 0.8500 0.9081 0.9081 0.9088
Announcement Date 11/2/21 2/2/22 5/3/22 8/2/22 11/1/22 1/31/23 5/2/23 8/1/23 10/31/23 1/30/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 19,689 20,124 18,558 19,558 19,383 19,146 18,455 18,248
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.543 x 3.862 x 3.338 x 3.387 x 3.092 x 2.938 x 2.759 x 2.643 x
Free Cash Flow 1 1,748 3,528 4,399 4,213 4,135 4,483 4,707 4,195
ROE (net income / shareholders' equity) 12.6% -5.68% 23.9% 27.2% 29.7% 29.9% 29.8% 29.4%
ROA (Net income/ Total Assets) 5.35% -2.19% 8.16% 10.7% 10.6% 11.1% 10.8% 10.6%
Assets 1 17,488 38,421 35,961 35,586 36,097 36,121 38,467 38,676
Book Value Per Share 2 18.10 12.40 11.50 12.30 12.70 12.80 13.10 -
Cash Flow per Share 2 4.500 4.300 4.780 4.970 5.390 4.650 4.900 -
Capex 1 2,334 993 596 806 937 1,100 1,241 1,550
Capex / Sales 25.82% 13.12% 5.94% 6.94% 8.31% 9.29% 10.27% 13.52%
Announcement Date 1/29/20 2/2/21 2/2/22 1/31/23 1/30/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
41.95 USD
Average target price
43.64 USD
Spread / Average Target
+4.02%
Consensus