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 61,310 - -
Change - 9.17% 11.59% 32.63% 11.32% 12.95% - -
Enterprise Value (EV) 1 48,736 52,504 56,148 68,189 77,797 86,458 87,054 88,076
Change - 7.73% 6.94% 21.45% 14.09% 11.13% 0.69% 1.17%
P/E 10.3x 8.76x 9.66x 11.4x 11.1x 13.9x 12.4x 11.6x
PBR 2.57x 2.67x 2.9x 3.59x 3.79x 4.22x 4.2x 4.24x
PEG - 0.3x 7.25x 1.1x 0.8x -1.4x 1x 1.64x
Capitalization / Revenue 3.01x 2.84x 3.26x 4.09x 4.18x 4.62x 4.44x 4.19x
EV / Revenue 4.86x 4.52x 4.98x 5.71x 5.99x 6.51x 6.3x 6.02x
EV / EBITDA 8.77x 9.09x 8.96x 10.1x 11.1x 11.9x 11.1x 10.7x
EV / EBIT 12.2x 10.7x 11.5x 12.9x 13.1x 15.3x 14.2x 13.7x
EV / FCF 11.1x 12.5x 13.6x 17.3x 75.3x 28.2x 20.2x 17.8x
FCF Yield 9.03% 8.02% 7.36% 5.78% 1.33% 3.55% 4.95% 5.62%
Dividend per Share 2 3.36 2.96 3.25 3.613 4.066 4.566 5.058 5.575
Rate of return 11.4% 9.01% 8.85% 7.55% 7.62% 7.56% 8.37% 9.23%
EPS 2 2.86 3.75 3.8 4.21 4.82 4.335 4.882 5.227
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 13,275 13,807 14,633
EBITDA 1 5,560 5,775 6,269 6,764 7,017 7,296 7,826 8,267
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 60.42 60.42 60.42
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.($)
14.08x6.47x11.67x7.72% 61.31B
25.04x3.31x13.34x5.34% 113B
28.99x9.83x14.26x2.94% 87.77B
12.68x1.84x10.54x5.95% 82.32B
20.36x5.53x11.26x3.83% 69.65B
22.31x9.59x12.93x3.92% 66.5B
24.03x3.81x12.89x1.92% 57.57B
14.97x2.11x10.49x4.93% 55.43B
18.36x3.86x11.47x4.97% 31.97B
21.41x6.4x12.3x4.42% 27.92B
Average 20.22x 5.27x 12.11x 4.59% 65.31B
Weighted average by Cap. 20.78x 5.27x 12.27x 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