Financials MPLX LP

Equities

MPLX

US55336V1008

Oil & Gas Transportation Services

Real-time Estimate Cboe BZX 10:11:43 18/07/2024 pm IST 5-day change 1st Jan Change
42.87 USD +0.37% Intraday chart for MPLX LP +2.58% +16.80%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 26,946 22,520 30,178 32,946 36,765 43,660 - -
Enterprise Value (EV) 1 46,635 42,644 48,736 52,504 56,148 63,235 62,257 61,559
P/E ratio 25.5 x -27.1 x 10.3 x 8.76 x 9.66 x 10.5 x 9.94 x 9.47 x
Yield 10.6% 12.7% 11.4% 9.01% 8.85% 8.26% 8.88% 9.54%
Capitalization / Revenue 2.98 x 2.98 x 3.01 x 2.84 x 3.26 x 3.67 x 3.55 x 3.58 x
EV / Revenue 5.16 x 5.63 x 4.86 x 4.52 x 4.98 x 5.31 x 5.06 x 5.05 x
EV / EBITDA 10.8 x 8.18 x 8.77 x 9.09 x 8.96 x 9.58 x 9.12 x 8.76 x
EV / FCF 26.7 x 12.1 x 11.1 x 12.5 x 13.6 x 15.9 x 12.9 x 12.2 x
FCF Yield 3.75% 8.27% 9.03% 8.02% 7.36% 6.3% 7.74% 8.18%
Price to Book 1.41 x 1.75 x 2.57 x 2.67 x 2.9 x 3.22 x 3.12 x 3.06 x
Nbr of stocks (in thousands) 10,58,355 10,40,169 10,19,864 10,03,243 10,01,217 10,22,237 - -
Reference price 2 25.46 21.65 29.59 32.84 36.72 42.71 42.71 42.71
Announcement Date 29/01/20 02/02/21 02/02/22 31/01/23 30/01/24 - - -
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 11,900 12,309 12,198
EBITDA 1 4,334 5,211 5,560 5,775 6,269 6,600 6,826 7,026
EBIT 1 2,377 211 3,992 4,911 4,900 5,142 5,385 5,561
Operating Margin 26.29% 2.79% 39.81% 42.29% 43.44% 43.21% 43.75% 45.59%
Earnings before Tax (EBT) 1 1,462 -685 3,113 3,986 3,977 4,146 4,365 4,610
Net income 1 935 -842 2,936 3,815 3,829 4,079 4,310 4,546
Net margin 10.34% -11.12% 29.28% 32.85% 33.94% 34.28% 35.01% 37.27%
EPS 2 1.000 -0.8000 2.860 3.750 3.800 4.053 4.297 4.511
Free Cash Flow 1 1,748 3,528 4,399 4,213 4,135 3,984 4,819 5,038
FCF margin 19.33% 46.61% 43.87% 36.28% 36.65% 33.48% 39.15% 41.3%
FCF Conversion (EBITDA) 40.33% 67.7% 79.12% 72.95% 65.96% 60.36% 70.6% 71.7%
FCF Conversion (Net income) 186.95% - 149.83% 110.43% 107.99% 97.66% 111.81% 110.82%
Dividend per Share 2 2.690 2.750 3.360 2.960 3.250 3.528 3.792 4.075
Announcement Date 29/01/20 02/02/21 02/02/22 31/01/23 30/01/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 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 2025 Q2
Net sales 1 2,734 2,610 2,940 3,401 2,662 2,713 2,690 2,912 2,966 2,846 2,958 3,079 3,046 3,082 3,051
EBITDA 1 1,445 1,393 1,457 1,471 1,454 1,519 1,531 1,596 1,623 1,635 1,613 1,676 1,669 1,657 1,671
EBIT 1 1,056 1,060 1,117 1,674 1,060 1,196 1,175 1,154 1,375 1,251 1,247 1,305 1,283 1,313 1,304
Operating Margin 38.62% 40.61% 37.99% 49.22% 39.82% 44.08% 43.68% 39.63% 46.36% 43.96% 42.16% 42.37% 42.14% 42.61% 42.75%
Earnings before Tax (EBT) 1 838 838 884 1,438 826 953 942 929 1,153 1,016 1,007 1,082 1,036 1,060 1,071
Net income 1 799 793 844 1,395 783 915 910 893 1,111 995 990.3 1,050 1,022 1,031 1,055
Net margin 29.22% 30.38% 28.71% 41.02% 29.41% 33.73% 33.83% 30.67% 37.46% 34.96% 33.48% 34.09% 33.57% 33.47% 34.58%
EPS 2 0.7800 0.7800 0.8300 1.360 0.7800 0.9100 0.9100 0.8900 1.100 0.9800 0.9776 1.026 1.038 1.019 1.031
Dividend per Share 2 0.7050 0.7050 0.7050 0.7750 0.7750 0.7750 0.7750 - 0.8500 - 0.8500 0.9158 0.9158 0.9196 0.9175
Announcement Date 02/02/22 03/05/22 02/08/22 01/11/22 31/01/23 02/05/23 01/08/23 31/10/23 30/01/24 30/04/24 - - - - -
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 19,575 18,598 17,900
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.543 x 3.862 x 3.338 x 3.387 x 3.092 x 2.966 x 2.725 x 2.548 x
Free Cash Flow 1 1,748 3,528 4,399 4,213 4,135 3,984 4,819 5,038
ROE (net income / shareholders' equity) 12.6% -5.68% 23.9% 27.2% 29.7% 30.8% 31.2% 31.2%
ROA (Net income/ Total Assets) 5.35% -2.19% 8.16% 10.7% 10.6% 11.4% 12.5% 12.5%
Assets 1 17,488 38,421 35,961 35,586 36,097 35,781 34,477 36,368
Book Value Per Share 2 18.10 12.40 11.50 12.30 12.70 13.20 13.70 14.00
Cash Flow per Share 2 4.500 4.300 4.780 4.970 5.390 4.610 4.850 -
Capex 1 2,334 993 596 806 937 1,146 1,252 1,306
Capex / Sales 25.82% 13.12% 5.94% 6.94% 8.31% 9.63% 10.17% 10.7%
Announcement Date 29/01/20 02/02/21 02/02/22 31/01/23 30/01/24 - - -
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
42.71 USD
Average target price
45.79 USD
Spread / Average Target
+7.21%
Consensus