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 59,717 - -
Change - 9.17% 11.59% 32.63% 11.32% 10.02% - -
Enterprise Value (EV) 1 48,736 52,504 56,148 68,189 77,797 84,865 85,460 86,483
Change - 7.73% 6.94% 21.45% 14.09% 9.09% 0.7% 1.2%
P/E 10.3x 8.76x 9.66x 11.4x 11.1x 13.7x 12.2x 11.4x
PBR 2.57x 2.67x 2.9x 3.59x 3.79x 4.11x 4.09x 4.13x
PEG - 0.3x 7.25x 1.1x 0.8x -1.2x 1x 1.69x
Capitalization / Revenue 3.01x 2.84x 3.26x 4.09x 4.18x 4.5x 4.32x 4.08x
EV / Revenue 4.86x 4.52x 4.98x 5.71x 5.99x 6.39x 6.19x 5.91x
EV / EBITDA 8.77x 9.09x 8.96x 10.1x 11.1x 11.6x 10.9x 10.5x
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 27.7x 19.8x 17.5x
FCF Yield 9.03% 8.02% 7.36% 5.78% 1.33% 3.61% 5.04% 5.72%
Dividend per Share 2 3.36 2.96 3.25 3.613 4.066 4.567 5.058 5.575
Rate of return 11.4% 9.01% 8.85% 7.55% 7.62% 7.76% 8.59% 9.47%
EPS 2 2.86 3.75 3.8 4.21 4.82 4.284 4.832 5.158
Distribution rate 117% 78.9% 85.5% 85.8% 84.4% 107% 105% 108%
Net sales 1 10,027 11,613 11,281 11,933 12,998 13,275 13,807 14,633
EBITDA 1 5,560 5,775 6,269 6,764 7,017 7,286 7,826 8,259
EBIT 1 3,992 4,911 4,900 5,288 5,943 5,637 6,119 6,431
Net income 1 2,936 3,815 3,829 4,290 4,912 4,458 4,966 5,304
Net Debt 1 18,558 19,558 19,383 19,429 23,516 25,148 25,743 26,766
Reference price 2 29.59 32.84 36.72 47.86 53.37 58.85 58.85 58.85
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 2/2/22 1/31/23 1/30/24 2/4/25 2/3/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.74x6.39x11.65x7.76% 59.72B
25.02x3.28x13.21x5.43% 112B
28.78x9.69x14.01x3% 86.11B
12.71x1.84x10.56x5.95% 81.67B
20.19x5.49x11.19x3.86% 68.7B
21.99x9.5x12.82x3.98% 65.93B
23.32x4.03x12.71x1.94% 55.08B
14.94x2.11x10.44x4.98% 54.48B
15.76x3.95x11.43x4.92% 31.32B
21.47x6.83x12.32x4.41% 27.65B
Average 19.79x 5.31x 12.04x 4.62% 64.28B
Weighted average by Cap. 20.48x 5.27x 12.18x 4.66%

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