MARATHON PETROLEUM CORPORATION Financials Marathon Petroleum Corporation
Equities
MPC
US56585A1025
Oil & Gas Refining and Marketing
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 176.6 USD | +2.67% |
|
-0.67% | +19.04% |
| May. 31 | US refiners boosting fuel output past 90% of capacity for summer driving season | RE |
| May. 30 | Raymond James Adjusts Price Target on Marathon Petroleum to $230 From $235 | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 39,122 | 26,911 | 39,391 | 54,547 | 56,332 | 62,225 | - | - |
| Enterprise Value (EV) 1 | 66,433 | 58,080 | 54,091 | 69,477 | 73,391 | 84,195 | 85,516 | 86,002 |
| P/E ratio | 15.1 x | -2.71 x | 4.2 x | 4.14 x | 6.28 x | 10.1 x | 10.3 x | 11.7 x |
| Yield | 3.52% | 5.61% | 3.63% | 2.14% | 2.08% | 1.9% | 2.03% | 2.12% |
| Capitalization / Revenue | 0.31 x | 0.39 x | 0.33 x | 0.3 x | 0.37 x | 0.44 x | 0.45 x | 0.46 x |
| EV / Revenue | 0.53 x | 0.84 x | 0.45 x | 0.39 x | 0.49 x | 0.59 x | 0.62 x | 0.64 x |
| EV / EBITDA | 7.09 x | 23.4 x | 6.49 x | 2.86 x | 3.87 x | 6.07 x | 6.51 x | 7.21 x |
| EV / FCF | 20.1 x | -158 x | 18.7 x | 4.98 x | 6 x | 11.6 x | 12.3 x | 11.9 x |
| FCF Yield | 4.98% | -0.63% | 5.35% | 20.1% | 16.7% | 8.65% | 8.12% | 8.39% |
| Price to Book | 1.16 x | 1.21 x | 1.41 x | 1.91 x | 2.24 x | 2.66 x | 2.93 x | 2.82 x |
| Nbr of stocks (in thousands) | 649,322 | 650,651 | 615,588 | 468,661 | 379,697 | 352,330 | - | - |
| Reference price 2 | 60.25 | 41.36 | 63.99 | 116.4 | 148.4 | 176.6 | 176.6 | 176.6 |
| Announcement Date | 1/29/20 | 2/2/21 | 2/2/22 | 1/31/23 | 1/30/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 124,880 | 69,032 | 120,930 | 179,952 | 150,307 | 142,106 | 137,811 | 134,734 |
| EBITDA 1 | 9,374 | 2,487 | 8,341 | 24,335 | 18,985 | 13,869 | 13,143 | 11,930 |
| EBIT 1 | 5,576 | -2,281 | 4,381 | 21,469 | 14,514 | 10,163 | 9,378 | 8,232 |
| Operating Margin | 4.47% | -3.3% | 3.62% | 11.93% | 9.66% | 7.15% | 6.8% | 6.11% |
| Earnings before Tax (EBT) 1 | 4,329 | -13,612 | 2,817 | 20,469 | 13,989 | 9,353 | 9,041 | 7,633 |
| Net income 1 | 2,637 | -9,919 | 9,738 | 14,516 | 9,681 | 5,999 | 5,299 | 4,593 |
| Net margin | 2.11% | -14.37% | 8.05% | 8.07% | 6.44% | 4.22% | 3.85% | 3.41% |
| EPS 2 | 4.000 | -15.28 | 15.24 | 28.12 | 23.63 | 17.49 | 17.10 | 15.06 |
| Free Cash Flow 1 | 3,308 | -368 | 2,896 | 13,941 | 12,227 | 7,286 | 6,948 | 7,217 |
| FCF margin | 2.65% | -0.53% | 2.39% | 7.75% | 8.13% | 5.13% | 5.04% | 5.36% |
| FCF Conversion (EBITDA) | 35.29% | - | 34.72% | 57.29% | 64.4% | 52.53% | 52.86% | 60.49% |
| FCF Conversion (Net income) | 125.45% | - | 29.74% | 96.04% | 126.3% | 121.46% | 131.11% | 157.11% |
| Dividend per Share 2 | 2.120 | 2.320 | 2.320 | 2.490 | 3.080 | 3.362 | 3.584 | 3.753 |
| Announcement Date | 1/29/20 | 2/2/21 | 2/2/22 | 1/31/23 | 1/30/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 35,608 | 38,384 | 54,238 | 47,237 | 40,093 | 35,077 | 36,824 | 41,583 | 36,823 | 33,211 | 36,746 | 36,345 | 34,812 | 32,854 | 33,786 |
| EBITDA 1 | 2,795 | 2,639 | 9,060 | 6,834 | 5,802 | 5,218 | 4,531 | 5,708 | 3,528 | 3,259 | 4,097 | 4,033 | 2,874 | 2,694 | 4,009 |
| EBIT 1 | 1,778 | 1,716 | 8,328 | 6,686 | 4,739 | 4,061 | 3,305 | 4,753 | 2,395 | 1,784 | 3,272 | 3,085 | 1,841 | 1,722 | 2,835 |
| Operating Margin | 4.99% | 4.47% | 15.35% | 14.15% | 11.82% | 11.58% | 8.98% | 11.43% | 6.5% | 5.37% | 8.9% | 8.49% | 5.29% | 5.24% | 8.39% |
| Earnings before Tax (EBT) 1 | 1,348 | 1,454 | 8,016 | 6,446 | 4,553 | 3,907 | 3,163 | 4,635 | 2,284 | 1,605 | 3,012 | 2,892 | 1,696 | 1,373 | 2,800 |
| Net income 1 | 774 | 845 | 5,873 | 4,500 | 3,321 | 2,724 | 2,226 | 3,280 | 1,451 | 937 | 2,137 | 1,930 | 881.3 | 774.1 | 1,816 |
| Net margin | 2.17% | 2.2% | 10.83% | 9.53% | 8.28% | 7.77% | 6.04% | 7.89% | 3.94% | 2.82% | 5.82% | 5.31% | 2.53% | 2.36% | 5.38% |
| EPS 2 | 1.270 | 1.490 | 10.95 | 9.060 | 7.090 | 6.090 | 5.320 | 8.280 | 3.840 | 2.580 | 5.974 | 5.801 | 3.076 | 2.527 | 5.473 |
| Dividend per Share 2 | 0.5800 | 0.5800 | 0.5800 | 0.5800 | 0.7500 | 0.7500 | 0.7500 | 0.7500 | 0.8300 | 0.8250 | 0.8275 | 0.8402 | 0.8605 | 0.8738 | 0.8738 |
| Announcement Date | 2/2/22 | 5/3/22 | 8/2/22 | 11/1/22 | 1/31/23 | 5/2/23 | 8/1/23 | 10/31/23 | 1/30/24 | 4/30/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 27,311 | 31,169 | 14,700 | 14,930 | 17,059 | 21,969 | 23,291 | 23,777 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.913 x | 12.53 x | 1.762 x | 0.6135 x | 0.8986 x | 1.584 x | 1.772 x | 1.993 x |
| Free Cash Flow 1 | 3,308 | -368 | 2,896 | 13,941 | 12,227 | 7,286 | 6,948 | 7,217 |
| ROE (net income / shareholders' equity) | 7.66% | -7.98% | 6.46% | 50.1% | 37.1% | 26.3% | 25.5% | 22.3% |
| ROA (Net income/ Total Assets) | 2.75% | -2.43% | 1.83% | 15.4% | 11% | 6.79% | 6.2% | 5.7% |
| Assets 1 | 95,748 | 408,394 | 531,260 | 94,227 | 87,945 | 88,306 | 85,452 | 80,585 |
| Book Value Per Share 2 | 51.90 | 34.10 | 45.30 | 61.00 | 66.30 | 66.40 | 60.20 | 62.60 |
| Cash Flow per Share 2 | 14.00 | 0.5300 | 11.90 | 35.00 | 35.10 | 31.60 | 33.60 | 33.70 |
| Capex 1 | 6,133 | 3,031 | 1,992 | 2,420 | 1,890 | 2,265 | 2,288 | 2,210 |
| Capex / Sales | 4.91% | 4.39% | 1.65% | 1.34% | 1.26% | 1.59% | 1.66% | 1.64% |
| Announcement Date | 1/29/20 | 2/2/21 | 2/2/22 | 1/31/23 | 1/30/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
176.6
USD
Average target price
208.6
USD
Spread / Average Target
+18.12%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +19.04% | 62.23B | |
| +10.67% | 232B | |
| +21.27% | 102B | |
| +4.72% | 102B | |
| +6.74% | 60.25B | |
| +20.88% | 51.38B | |
| +27.58% | 37.82B | |
| +25.07% | 26.8B | |
| -16.48% | 19.74B | |
| +11.67% | 19.82B |
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