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 60,771 - -
Change - 9.17% 11.59% 32.63% 11.32% 11.96% - -
Enterprise Value (EV) 1 48,736 52,504 56,148 68,189 77,797 86,116 86,597 87,628
Change - 7.73% 6.94% 21.45% 14.09% 10.69% 0.56% 1.19%
P/E 10.3x 8.76x 9.66x 11.4x 11.1x 14x 12.4x 11.6x
PBR 2.57x 2.67x 2.9x 3.59x 3.79x 4.35x 4.19x 4.23x
PEG - 0.3x 7.25x 1.1x 0.8x -1.2x 0.9x 1.72x
Capitalization / Revenue 3.01x 2.84x 3.26x 4.09x 4.18x 4.63x 4.36x 4.1x
EV / Revenue 4.86x 4.52x 4.98x 5.71x 5.99x 6.57x 6.22x 5.91x
EV / EBITDA 8.77x 9.09x 8.96x 10.1x 11.1x 11.8x 11.1x 10.6x
EV / EBIT 12.2x 10.7x 11.5x 12.9x 13.1x 15.4x 14.1x 13.6x
EV / FCF 11.1x 12.5x 13.6x 17.3x 75.3x 28.1x 20.1x 17.7x
FCF Yield 9.03% 8.02% 7.36% 5.78% 1.33% 3.56% 4.98% 5.65%
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% 7.62% 8.44% 9.3%
EPS 2 2.86 3.75 3.8 4.21 4.82 4.271 4.83 5.156
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 13,113 13,930 14,826
EBITDA 1 5,560 5,775 6,269 6,764 7,017 7,274 7,835 8,277
EBIT 1 3,992 4,911 4,900 5,288 5,943 5,592 6,132 6,449
Net income 1 2,936 3,815 3,829 4,290 4,912 4,434 4,963 5,302
Net Debt 1 18,558 19,558 19,383 19,429 23,516 25,345 25,826 26,857
Reference price 2 29.59 32.84 36.72 47.86 53.37 59.94 59.94 59.94
Nbr of stocks (in thousands) 1,019,864 1,003,243 1,001,217 1,018,812 1,017,065 1,013,858 - -
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.($)
25.12x3.29x13.28x5.41% 113B
29.71x10.06x14.38x2.92% 88.45B
12.75x1.84x10.57x5.93% 81.76B
20.6x5.57x11.35x3.79% 70.1B
22.1x9.54x12.87x3.96% 66.31B
13.87x6.51x11.74x7.7% 60.12B
15.69x2.18x10.82x4.7% 57.69B
23.96x3.97x13.02x1.88% 56.92B
15.41x4.11x11.53x4.8% 32.23B
Average 19.91x 5.23x 12.17x 4.56% 69.58B
Weighted average by Cap. 20.77x 5.29x 12.33x 4.59%

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