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 58,165 - -
Change - 9.17% 11.59% 32.63% 11.32% 7.16% - -
Enterprise Value (EV) 1 48,736 52,504 56,148 68,189 77,797 83,434 84,322 85,156
Change - 7.73% 6.94% 21.45% 14.09% 7.25% 1.06% 0.99%
P/E 10.3x 8.76x 9.66x 11.4x 11.1x 13.3x 11.8x 11.1x
PBR 2.57x 2.67x 2.9x 3.59x 3.79x 4.05x 3.98x 3.92x
PEG - 0.3x 7.25x 1.1x 0.8x -1.3x 1x 1.59x
Capitalization / Revenue 3.01x 2.84x 3.26x 4.09x 4.18x 4.43x 4.13x 3.88x
EV / Revenue 4.86x 4.52x 4.98x 5.71x 5.99x 6.35x 5.99x 5.69x
EV / EBITDA 8.77x 9.09x 8.96x 10.1x 11.1x 11.5x 10.8x 10.3x
EV / EBIT 12.2x 10.7x 11.5x 12.9x 13.1x 14.9x 13.8x 13.2x
EV / FCF 11.1x 12.5x 13.6x 17.3x 75.3x 28.2x 19.7x 17.1x
FCF Yield 9.03% 8.02% 7.36% 5.78% 1.33% 3.55% 5.07% 5.84%
Dividend per Share 2 3.36 2.96 3.25 3.613 4.066 4.549 5.13 5.527
Rate of return 11.4% 9.01% 8.85% 7.55% 7.62% 7.93% 8.94% 9.63%
EPS 2 2.86 3.75 3.8 4.21 4.82 4.316 4.842 5.179
Distribution rate 117% 78.9% 85.5% 85.8% 84.4% 105% 106% 107%
Net sales 1 10,027 11,613 11,281 11,933 12,998 13,136 14,084 14,975
EBITDA 1 5,560 5,775 6,269 6,764 7,017 7,273 7,839 8,290
EBIT 1 3,992 4,911 4,900 5,288 5,943 5,593 6,115 6,434
Net income 1 2,936 3,815 3,829 4,290 4,912 4,448 4,987 5,349
Net Debt 1 18,558 19,558 19,383 19,429 23,516 25,269 26,157 26,991
Reference price 2 29.59 32.84 36.72 47.86 53.37 57.37 57.37 57.37
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.($)
13.06x6.28x11.33x8.07% 57.16B
23.26x3.18x12.76x5.93% 102B
28.48x9.72x14.03x2.99% 86.28B
12.03x1.75x10.15x6.2% 78.13B
11.94x1.12x7.18x6.69% 70.48B
19.99x5.55x11.19x3.84% 69.19B
22.79x9.27x12.48x4.16% 61.63B
25.01x4.25x13.51x1.77% 60.41B
34.82x3.37x9.36x0.86% 55.75B
15.24x2.03x10.07x4.9% 55.4B
Average 20.66x 4.65x 11.21x 4.54% 69.69B
Weighted average by Cap. 20.74x 4.67x 11.34x 4.64%

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