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 58,033 - -
Change - 9.17% 11.59% 32.63% 11.32% 6.91% - -
Enterprise Value (EV) 1 48,736 52,504 56,148 68,189 77,797 82,952 83,905 84,847
Change - 7.73% 6.94% 21.45% 14.09% 6.63% 1.15% 1.12%
P/E 10.3x 8.76x 9.66x 11.4x 11.1x 13.3x 11.9x 11.1x
PBR 2.57x 2.67x 2.9x 3.59x 3.79x 4.01x 4.01x 4.08x
PEG - 0.3x 7.25x 1.1x 0.8x -1.2x 1x 1.53x
Capitalization / Revenue 3.01x 2.84x 3.26x 4.09x 4.18x 4.48x 4.2x 3.97x
EV / Revenue 4.86x 4.52x 4.98x 5.71x 5.99x 6.41x 6.07x 5.8x
EV / EBITDA 8.77x 9.09x 8.96x 10.1x 11.1x 11.4x 10.7x 10.3x
EV / EBIT 12.2x 10.7x 11.5x 12.9x 13.1x 14.8x 13.8x 13.3x
EV / FCF 11.1x 12.5x 13.6x 17.3x 75.3x 24.6x 19.5x 17.1x
FCF Yield 9.03% 8.02% 7.36% 5.78% 1.33% 4.06% 5.13% 5.84%
Dividend per Share 2 3.36 2.96 3.25 3.613 4.066 4.567 5.134 5.581
Rate of return 11.4% 9.01% 8.85% 7.55% 7.62% 7.98% 8.98% 9.76%
EPS 2 2.86 3.75 3.8 4.21 4.82 4.303 4.806 5.154
Distribution rate 117% 78.9% 85.5% 85.8% 84.4% 106% 107% 108%
Net sales 1 10,027 11,613 11,281 11,933 12,998 12,950 13,812 14,633
EBITDA 1 5,560 5,775 6,269 6,764 7,017 7,278 7,827 8,244
EBIT 1 3,992 4,911 4,900 5,288 5,943 5,590 6,088 6,386
Net income 1 2,936 3,815 3,829 4,290 4,912 4,474 4,953 5,278
Net Debt 1 18,558 19,558 19,383 19,429 23,516 24,919 25,872 26,814
Reference price 2 29.59 32.84 36.72 47.86 53.37 57.19 57.19 57.19
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.33x6.41x11.4x7.98% 58.03B
26.67x4.14x13.78x5.02% 119B
32.3x10.47x15.09x2.79% 92.28B
12.84x2.07x10.57x6.05% 80.68B
21.99x5.79x11.71x3.67% 72.08B
25.5x10.18x13.78x3.64% 70.84B
25.5x3.88x13.42x1.81% 58.6B
15.66x2.31x10.72x4.81% 56.4B
17.12x3.85x11.64x4.92% 31.41B
22.42x6.35x12.46x4.31% 27.88B
Average 21.33x 5.54x 12.46x 4.5% 66.74B
Weighted average by Cap. 22.33x 5.68x 12.70x 4.47%

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