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 59,230 - -
Change - 9.17% 11.59% 32.63% 11.32% 9.12% - -
Enterprise Value (EV) 1 48,736 52,504 56,148 68,189 77,797 84,493 85,379 86,261
Change - 7.73% 6.94% 21.45% 14.09% 8.61% 1.05% 1.03%
P/E 10.3x 8.76x 9.66x 11.4x 11.1x 13.5x 12.1x 11.3x
PBR 2.57x 2.67x 2.9x 3.59x 3.79x 4.11x 4.04x 4.03x
PEG - 0.3x 7.25x 1.1x 0.8x -1.3x 1x 1.61x
Capitalization / Revenue 3.01x 2.84x 3.26x 4.09x 4.18x 4.51x 4.2x 3.95x
EV / Revenue 4.86x 4.52x 4.98x 5.71x 5.99x 6.43x 6.06x 5.76x
EV / EBITDA 8.77x 9.09x 8.96x 10.1x 11.1x 11.6x 10.9x 10.4x
EV / EBIT 12.2x 10.7x 11.5x 12.9x 13.1x 15.1x 14x 13.4x
EV / FCF 11.1x 12.5x 13.6x 17.3x 75.3x 28.5x 20x 17.3x
FCF Yield 9.03% 8.02% 7.36% 5.78% 1.33% 3.51% 5.01% 5.77%
Dividend per Share 2 3.36 2.96 3.25 3.613 4.066 4.549 5.133 5.557
Rate of return 11.4% 9.01% 8.85% 7.55% 7.62% 7.79% 8.79% 9.51%
EPS 2 2.86 3.75 3.8 4.21 4.82 4.321 4.846 5.185
Distribution rate 117% 78.9% 85.5% 85.8% 84.4% 105% 106% 107%
Net sales 1 10,027 11,613 11,281 11,933 12,998 13,139 14,090 14,985
EBITDA 1 5,560 5,775 6,269 6,764 7,017 7,278 7,841 8,293
EBIT 1 3,992 4,911 4,900 5,288 5,943 5,593 6,115 6,434
Net income 1 2,936 3,815 3,829 4,290 4,912 4,455 4,994 5,359
Net Debt 1 18,558 19,558 19,383 19,429 23,516 25,264 26,149 27,031
Reference price 2 29.59 32.84 36.72 47.86 53.37 58.42 58.42 58.42
Nbr of stocks (in thousands) 1,019,864 1,003,243 1,001,217 1,018,812 1,017,065 1,013,858 - -
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.($)
13.52x6.43x11.61x7.79% 59.23B
23.4x3.18x12.8x5.76% 106B
28.93x9.82x14.16x2.94% 87.62B
12.91x1.85x10.67x5.78% 83.81B
20x5.51x11.12x3.87% 68.52B
21.19x9.31x12.54x4.13% 63.61B
25.35x4.25x13.65x1.75% 61.26B
16.39x2.15x10.66x4.55% 59.71B
14.01x4.04x11.36x4.95% 31.78B
21.26x6.35x12.35x4.44% 27.5B
Average 19.69x 5.29x 12.09x 4.6% 64.88B
Weighted average by Cap. 20.30x 5.23x 12.19x 4.62%

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

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