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 59,503 - -
Change - 9.17% 11.59% 32.63% 11.32% 9.62% - -
Enterprise Value (EV) 1 48,736 52,504 56,148 68,189 77,797 84,742 85,304 86,297
Change - 7.73% 6.94% 21.45% 14.09% 8.93% 0.66% 1.16%
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 4.26x 4.1x 4.14x
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 4.53x 4.25x 3.99x
EV / Revenue 4.86x 4.52x 4.98x 5.71x 5.99x 6.45x 6.09x 5.78x
EV / EBITDA 8.77x 9.09x 8.96x 10.1x 11.1x 11.6x 10.9x 10.4x
EV / EBIT 12.2x 10.7x 11.5x 12.9x 13.1x 15.2x 13.9x 13.4x
EV / FCF 11.1x 12.5x 13.6x 17.3x 75.3x 27.6x 19.8x 17.4x
FCF Yield 9.03% 8.02% 7.36% 5.78% 1.33% 3.62% 5.05% 5.74%
Dividend per Share 2 3.36 2.96 3.25 3.613 4.066 4.549 5.133 5.567
Rate of return 11.4% 9.01% 8.85% 7.55% 7.62% 7.75% 8.75% 9.49%
EPS 2 2.86 3.75 3.8 4.21 4.82 4.271 4.818 5.143
Distribution rate 117% 78.9% 85.5% 85.8% 84.4% 107% 107% 108%
Net sales 1 10,027 11,613 11,281 11,933 12,998 13,145 14,005 14,919
EBITDA 1 5,560 5,775 6,269 6,764 7,017 7,277 7,827 8,277
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 4,404 4,947 5,288
Net Debt 1 18,558 19,558 19,383 19,429 23,516 25,239 25,800 26,794
Reference price 2 29.59 32.84 36.72 47.86 53.37 58.69 58.69 58.69
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.($)
13.74x6.45x11.65x7.75% 59.5B
24.24x3.23x13.02x5.59% 110B
29.51x10.02x14.34x2.88% 89.58B
12.76x1.84x10.59x5.88% 82.32B
20.99x5.68x11.48x3.71% 71.44B
21.48x9.39x12.65x4.07% 64.96B
26.56x4.42x14.03x1.68% 63.71B
16.56x2.22x11.13x4.49% 60.52B
14.94x4.14x11.67x4.73% 32.78B
21.66x6.42x12.45x4.36% 28.22B
Average 20.24x 5.38x 12.30x 4.51% 66.28B
Weighted average by Cap. 20.91x 5.33x 12.41x 4.53%

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