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 59,311 - -
Change - 9.17% 11.59% 32.63% 11.32% 9.27% - -
Enterprise Value (EV) 1 48,736 52,504 56,148 68,189 77,797 84,216 85,021 86,037
Change - 7.73% 6.94% 21.45% 14.09% 8.25% 0.96% 1.19%
P/E 10.3x 8.76x 9.66x 11.4x 11.1x 13.5x 12x 11.2x
PBR 2.57x 2.67x 2.9x 3.59x 3.79x 4.09x 4.06x 4.11x
PEG - 0.3x 7.25x 1.1x 0.8x -1.3x 1x 1.42x
Capitalization / Revenue 3.01x 2.84x 3.26x 4.09x 4.18x 4.6x 4.3x 4.06x
EV / Revenue 4.86x 4.52x 4.98x 5.71x 5.99x 6.54x 6.17x 5.89x
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 13.9x 13.4x
EV / FCF 11.1x 12.5x 13.6x 17.3x 75.3x 25.4x 19.9x 17.5x
FCF Yield 9.03% 8.02% 7.36% 5.78% 1.33% 3.94% 5.02% 5.72%
Dividend per Share 2 3.36 2.96 3.25 3.613 4.066 4.526 5.058 5.581
Rate of return 11.4% 9.01% 8.85% 7.55% 7.62% 7.74% 8.65% 9.55%
EPS 2 2.86 3.75 3.8 4.21 4.82 4.317 4.857 5.24
Distribution rate 117% 78.9% 85.5% 85.8% 84.4% 105% 104% 107%
Net sales 1 10,027 11,613 11,281 11,933 12,998 12,881 13,778 14,609
EBITDA 1 5,560 5,775 6,269 6,764 7,017 7,260 7,820 8,250
EBIT 1 3,992 4,911 4,900 5,288 5,943 5,582 6,105 6,414
Net income 1 2,936 3,815 3,829 4,290 4,912 4,458 4,956 5,298
Net Debt 1 18,558 19,558 19,383 19,429 23,516 24,905 25,710 26,726
Reference price 2 29.59 32.84 36.72 47.86 53.37 58.45 58.45 58.45
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.($)
13.54x6.54x11.6x7.74% 59.31B
27.13x3.63x13.94x5.1% 119B
30.31x9.81x14.38x2.95% 87.49B
12.83x1.84x10.61x5.91% 82.32B
22.29x9.92x13.47x3.72% 70.12B
21.06x5.65x11.52x3.7% 71.66B
25.04x3.86x13.3x1.84% 58.03B
15.92x2.37x10.81x4.74% 57.22B
18.86x3.93x11.7x4.83% 31.9B
22.7x6.82x12.85x4.26% 28.41B
Average 20.97x 5.44x 12.42x 4.48% 66.52B
Weighted average by Cap. 21.67x 5.42x 12.59x 4.49%

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