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 60,142 - -
Change - 9.17% 11.59% 32.63% 11.32% 10.8% - -
Enterprise Value (EV) 1 48,736 52,504 56,148 68,189 77,797 85,448 86,010 86,936
Change - 7.73% 6.94% 21.45% 14.09% 9.83% 0.66% 1.08%
P/E 10.3x 8.76x 9.66x 11.4x 11.1x 13.9x 12.3x 11.5x
PBR 2.57x 2.67x 2.9x 3.59x 3.79x 4.31x 4.14x 4.19x
PEG - 0.3x 7.25x 1.1x 0.8x -1.2x 1x 1.71x
Capitalization / Revenue 3.01x 2.84x 3.26x 4.09x 4.18x 4.58x 4.29x 4.03x
EV / Revenue 4.86x 4.52x 4.98x 5.71x 5.99x 6.5x 6.14x 5.83x
EV / EBITDA 8.77x 9.09x 8.96x 10.1x 11.1x 11.7x 11x 10.5x
EV / EBIT 12.2x 10.7x 11.5x 12.9x 13.1x 15.3x 14.1x 13.5x
EV / FCF 11.1x 12.5x 13.6x 17.3x 75.3x 27.9x 20x 17.6x
FCF Yield 9.03% 8.02% 7.36% 5.78% 1.33% 3.59% 5.01% 5.69%
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% 7.67% 8.65% 9.38%
EPS 2 2.86 3.75 3.8 4.21 4.82 4.278 4.814 5.138
Distribution rate 117% 78.9% 85.5% 85.8% 84.4% 106% 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 7,278 7,830 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 25,306 25,868 26,794
Reference price 2 29.59 32.84 36.72 47.86 53.37 59.32 59.32 59.32
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 31/1/23 30/1/24 4/2/25 3/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.87x6.5x11.74x7.67% 60.14B
24.18x3.24x13.05x5.58% 110B
29.97x10.14x14.5x2.83% 91.02B
13.05x1.88x10.76x5.73% 84.52B
20.95x5.67x11.46x3.72% 71.3B
21.74x9.46x12.73x4.02% 65.4B
26.18x4.39x13.92x1.7% 63.05B
16.3x2.18x11.01x4.54% 59.82B
14.62x4.17x11.71x4.68% 33.18B
21.78x6.45x12.5x4.33% 28.24B
Average 20.26x 5.41x 12.34x 4.48% 66.65B
Weighted average by Cap. 20.95x 5.37x 12.45x 4.5%

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