Martin Midstream Partners LP
NASDAQ:MMLP
Intrinsic Value
Martin Midstream Partners LP engages in a diverse set of operations focused primarily in the United States Gulf Coast region. [ Read More ]
The intrinsic value of one MMLP stock under the Base Case scenario is 11.7 USD. Compared to the current market price of 2.62 USD, Martin Midstream Partners LP is Undervalued by 78%.
Valuation Backtest
Martin Midstream Partners LP
Run backtest to discover the historical profit from buying and selling MMLP stocks based on their intrinsic value.
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Fundamental Analysis
Martin Midstream Partners 2023 Achievements and 2024 Outlook
2023-Q4 Earnings Call
In 2023, Martin Midstream Partners refinanced debts, amended credit facilities, exited the volatile butane optimization business, and began an oleum tower construction for a DSM Semichem joint venture. These moves led to a 9% improved fourth-quarter EBITDA ($29.2 million) over guidance and a total annual EBITDA surpassing expectations at $117.7 million. Looking ahead to 2024, they forecast $116.1 million in adjusted EBITDA with an emphasis on fixed-fee contracts. Despite expected dips in transportation services, other segments show promise of increased EBITDA. Major earmarks include an oleum tower expansion, investment in a joint venture, and significant maintenance costs. Distributable cash flow and free cash flow for 2024 are projected at $30.4 million and $13.3 million, respectively.
Balance Sheet Decomposition
Martin Midstream Partners LP
Current Assets | 114.3m |
Cash & Short-Term Investments | 54k |
Receivables | 61.2m |
Other Current Assets | 53m |
Non-Current Assets | 395.1m |
PP&E | 366.2m |
Intangibles | 17.4m |
Other Non-Current Assets | 11.5m |
Current Liabilities | 100.6m |
Accounts Payable | 51.7m |
Accrued Liabilities | 37.1m |
Other Current Liabilities | 11.8m |
Non-Current Liabilities | 473.4m |
Long-Term Debt | 421.2m |
Other Non-Current Liabilities | 52.3m |
Earnings Waterfall
Martin Midstream Partners LP
Revenue
|
798m
USD
|
Cost of Revenue
|
-389.7m
USD
|
Gross Profit
|
408.3m
USD
|
Operating Expenses
|
-342.9m
USD
|
Operating Income
|
65.4m
USD
|
Other Expenses
|
-69.8m
USD
|
Net Income
|
-4.4m
USD
|
Free Cash Flow Analysis
Martin Midstream Partners LP
What is Free Cash Flow?
MMLP Profitability Score
Profitability Due Diligence
Martin Midstream Partners LP's profitability score is 42/100. The higher the profitability score, the more profitable the company is.
Score
Martin Midstream Partners LP's profitability score is 42/100. The higher the profitability score, the more profitable the company is.
MMLP Solvency Score
Solvency Due Diligence
Martin Midstream Partners LP's solvency score is 48/100. The higher the solvency score, the more solvent the company is.
Score
Martin Midstream Partners LP's solvency score is 48/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
MMLP Price Targets Summary
Martin Midstream Partners LP
According to Wall Street analysts, the average 1-year price target for MMLP is 3.57 USD with a low forecast of 3.03 USD and a high forecast of 4.2 USD.
Ownership
MMLP Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
MMLP Price
Martin Midstream Partners LP
Average Annual Return | -4.84% |
Standard Deviation of Annual Returns | 77.81% |
Max Drawdown | -91% |
Market Capitalization | 102m USD |
Shares Outstanding | 39 001 100 |
Percentage of Shares Shorted | 0.64% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Martin Midstream Partners LP engages in a diverse set of operations focused primarily in the United States Gulf Coast region. The company is headquartered in Kilgore, Texas and currently employs 1,450 full-time employees. The company went IPO on 2002-11-01. The firm's operations are primarily focused on the United States Gulf Coast region. The company operates through four segments: terminalling and storage, natural gas liquids, transportation, and sulfur services. Its four primary business lines include terminalling, processing, storage and packaging services for petroleum products and by-products, including the refining of naphthenic crude oil; land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; sulfur and sulfur-based products processing, manufacturing, marketing and distribution, and natural gas liquids (NGL) marketing, distribution and transportation services. The firm owns or operates approximately 15 marine shore-based terminal facilities and 13 specialty terminal facilities located primarily in the Gulf Coast region.
Contact
IPO
Employees
Officers
The intrinsic value of one MMLP stock under the Base Case scenario is 11.7 USD.
Compared to the current market price of 2.62 USD, Martin Midstream Partners LP is Undervalued by 78%.