Company Valuation: MPLX LP

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 30,178 32,946 36,765 48,760 54,281 58,357 - -
Change - 9.17% 11.59% 32.63% 11.32% 7.51% - -
Enterprise Value (EV) 1 48,736 52,504 56,148 68,189 77,797 83,262 84,194 85,083
Change - 7.73% 6.94% 21.45% 14.09% 7.03% 1.12% 1.06%
P/E 10.3x 8.76x 9.66x 11.4x 11.1x 13.4x 11.9x 11.1x
PBR 2.57x 2.67x 2.9x 3.59x 3.79x 4.02x 4x 4.04x
PEG - 0.3x 7.25x 1.1x 0.8x -1.3x 1x 1.5x
Capitalization / Revenue 3.01x 2.84x 3.26x 4.09x 4.18x 4.52x 4.23x 3.99x
EV / Revenue 4.86x 4.52x 4.98x 5.71x 5.99x 6.46x 6.1x 5.81x
EV / EBITDA 8.77x 9.09x 8.96x 10.1x 11.1x 11.5x 10.8x 10.3x
EV / EBIT 12.2x 10.7x 11.5x 12.9x 13.1x 14.9x 13.8x 13.3x
EV / FCF 11.1x 12.5x 13.6x 17.3x 75.3x 24.7x 19.6x 17.2x
FCF Yield 9.03% 8.02% 7.36% 5.78% 1.33% 4.05% 5.11% 5.82%
Dividend per Share 2 3.36 2.96 3.25 3.613 4.066 4.527 5.058 5.581
Rate of return 11.4% 9.01% 8.85% 7.55% 7.62% 7.87% 8.79% 9.7%
EPS 2 2.86 3.75 3.8 4.21 4.82 4.307 4.819 5.176
Distribution rate 117% 78.9% 85.5% 85.8% 84.4% 105% 105% 108%
Net sales 1 10,027 11,613 11,281 11,933 12,998 12,898 13,801 14,641
EBITDA 1 5,560 5,775 6,269 6,764 7,017 7,269 7,822 8,231
EBIT 1 3,992 4,911 4,900 5,288 5,943 5,603 6,113 6,419
Net income 1 2,936 3,815 3,829 4,290 4,912 4,484 4,974 5,311
Net Debt 1 18,558 19,558 19,383 19,429 23,516 24,905 25,837 26,726
Reference price 2 29.59 32.84 36.72 47.86 53.37 57.51 57.51 57.51
Nbr of stocks (in thousands) 1,019,864 1,003,243 1,001,217 1,018,812 1,017,065 1,014,734 - -
Announcement Date 02/02/22 31/01/23 30/01/24 04/02/25 03/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.35x4.28x13.97x4.9% 123B
31.61x10.11x14.83x2.83% 91.1B
13.55x2.14x10.95x5.8% 84.14B
24.48x10.28x13.93x3.57% 72.75B
22.25x5.83x11.7x3.66% 72.28B
26.38x4.02x13.83x1.75% 61.06B
16.12x2.37x10.88x4.69% 57.82B
18x3.87x11.57x4.93% 31.25B
23.77x6.62x12.97x4.08% 29.57B
Average 22.61x 5.50x 12.74x 4.02% 69.21B
Weighted average by Cap. 23.40x 5.61x 12.95x 4.05%

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