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 57,322 - -
Change - 9.17% 11.59% 32.63% 11.32% 5.6% - -
Enterprise Value (EV) 1 48,736 52,504 56,148 68,189 77,797 82,237 83,205 84,014
Change - 7.73% 6.94% 21.45% 14.09% 5.71% 1.18% 0.97%
P/E Ratio 10.3x 8.76x 9.66x 11.4x 11.1x 13.1x 11.8x 11x
PBR 2.57x 2.67x 2.9x 3.59x - 3.95x 3.95x 4.01x
PEG - 0.3x 7.25x 1.1x 0.8x -1.3x 1x 1.49x
Capitalization / Revenue 3.01x 2.84x 3.26x 4.09x 4.18x 4.42x 4.15x 3.92x
EV / Revenue 4.86x 4.52x 4.98x 5.71x 5.99x 6.34x 6.03x 5.75x
EV / EBITDA 8.77x 9.09x 8.96x 10.1x 11.1x 11.3x 10.6x 10.2x
EV / EBIT 12.2x 10.7x 11.5x 12.9x 13.1x 14.6x 13.6x 13.2x
EV / FCF 11.1x 12.5x 13.6x 17.3x 75.3x 24.4x 19.3x 17x
FCF Yield 9.03% 8.02% 7.36% 5.78% 1.33% 4.1% 5.17% 5.9%
Dividend per Share 2 3.36 2.96 3.25 3.613 4.066 4.527 5.058 5.581
Rate of return 11.4% 9.01% 8.85% 7.55% 7.62% 8.01% 8.95% 9.88%
EPS 2 2.86 3.75 3.8 4.21 4.82 4.316 4.802 5.155
Distribution rate 117% 78.9% 85.5% 85.8% 84.4% 105% 105% 108%
Net sales 1 10,027 11,613 11,281 11,933 12,998 12,978 13,806 14,615
EBITDA 1 5,560 5,775 6,269 6,764 7,017 7,308 7,833 8,248
EBIT 1 3,992 4,911 4,900 5,288 5,943 5,628 6,099 6,389
Net income 1 2,936 3,815 3,829 4,290 4,912 4,513 4,960 5,284
Net Debt 1 18,558 19,558 19,383 19,429 23,516 24,915 25,883 26,692
Reference price 2 29.59 32.84 36.72 47.86 53.37 56.49 56.49 56.49
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 A 1/31/23 A 1/30/24 A 2/4/25 A 2/3/26 A - - -
1USD in Million2USD
Estimates

P/E Ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
26.6x4.26x13.93x4.93% 123B
30.6x9.93x14.48x2.94% 87.59B
12.82x2.06x10.56x6.06% 80.66B
25.21x10.21x13.83x3.62% 72.06B
21.29x5.67x11.44x3.79% 69.77B
25.18x3.87x13.32x1.83% 57.82B
15.62x2.31x10.71x4.83% 56.2B
17.1x3.91x11.75x4.86% 31.8B
22.84x6.28x12.42x4.3% 28.19B
Average 21.92x 5.39x 12.49x 4.13% 67.45B
Weighted average by Cap. 22.75x 5.51x 12.72x 4.17%

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

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