Company Valuation: MPLX LP

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 30,178 32,946 36,765 48,760 54,281 55,603 - -
Change - 9.17% 11.59% 32.63% 11.32% 2.44% - -
Enterprise Value (EV) 1 48,736 52,504 56,148 68,189 77,797 79,915 80,967 81,568
Change - 7.73% 6.94% 21.45% 14.09% 2.72% 1.32% 0.74%
P/E ratio 10.3x 8.76x 9.66x 11.4x 11.1x 12.2x 11.3x 10.4x
PBR 2.57x 2.67x 2.9x 3.59x - 3.78x 3.81x 3.89x
PEG - 0.3x 7.25x 1.1x 0.8x -1.8x 1.43x 1.2x
Capitalization / Revenue 3.01x 2.84x 3.26x 4.09x 4.18x 4.26x 4.05x 3.84x
EV / Revenue 4.86x 4.52x 4.98x 5.71x 5.99x 6.13x 5.9x 5.63x
EV / EBITDA 8.77x 9.09x 8.96x 10.1x 11.1x 10.9x 10.3x 9.86x
EV / EBIT 12.2x 10.7x 11.5x 12.9x 13.1x 13.7x 13.2x 12.6x
EV / FCF 11.1x 12.5x 13.6x 17.3x 75.3x 22.5x 18.9x 16.4x
FCF Yield 9.03% 8.02% 7.36% 5.78% 1.33% 4.45% 5.28% 6.11%
Dividend per Share 2 3.36 2.96 3.25 3.613 4.066 4.511 5.014 5.508
Rate of return 11.4% 9.01% 8.85% 7.55% 7.62% 8.24% 9.16% 10.1%
EPS 2 2.86 3.75 3.8 4.21 4.82 4.494 4.849 5.269
Distribution rate 117% 78.9% 85.5% 85.8% 84.4% 100% 103% 105%
Net sales 1 10,027 11,613 11,281 11,933 12,998 13,038 13,713 14,496
EBITDA 1 5,560 5,775 6,269 6,764 7,017 7,351 7,836 8,270
EBIT 1 3,992 4,911 4,900 5,288 5,943 5,832 6,146 6,495
Net income 1 2,936 3,815 3,829 4,290 4,912 4,658 4,967 5,486
Net Debt 1 18,558 19,558 19,383 19,429 23,516 24,313 25,365 25,965
Reference price 2 29.59 32.84 36.72 47.86 53.37 54.77 54.77 54.77
Nbr of stocks (in thousands) 10,19,864 10,03,243 10,01,217 10,18,812 10,17,065 10,15,204 - -
Announcement Date 02/02/22 31/01/23 30/01/24 04/02/25 03/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.19x6.13x10.87x8.24% 5.56TCr
23.76x4.4x13.19x5.37% 11TCr
30.92x9.36x14.31x2.98% 8.65TCr
13.07x2.11x10.76x6.08% 8.02TCr
21.97x5.81x11.89x3.76% 7.05TCr
21.29x9.12x12.6x4.19% 6.34TCr
14.81x2.45x10.3x5.12% 5.3TCr
23.83x3.37x12.86x2.09% 5.13TCr
14.62x3.88x11.69x5.28% 2.98TCr
20.55x6.35x11.58x4.89% 2.51TCr
Average 19.70x 5.30x 12.01x 4.8% 6.3TCr
Weighted average by Cap. 20.61x 5.38x 12.22x 4.78%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield