MPLX LP
NYSE:MPLX

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MPLX LP
NYSE:MPLX
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Price: 51.87 USD 0.43% Market Closed
Market Cap: 52.9B USD

Relative Value

The Relative Value of one MPLX stock under the Base Case scenario is 55.22 USD. Compared to the current market price of 51.87 USD, MPLX LP is Undervalued by 6%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

MPLX Relative Value
Base Case
55.22 USD
Undervaluation 6%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
6
vs Industry
20
Median 3Y
3
Median 5Y
2.6
Industry
1.3
Forward
4.1
vs History
6
vs Industry
19
Median 3Y
9.3
Median 5Y
8.2
Industry
10.2
Forward
11.4
vs History
4
vs Industry
15
Median 3Y
6.3
Median 5Y
5.7
Industry
4.8
vs History
15
vs Industry
21
Median 3Y
8.2
Median 5Y
8.1
Industry
10
vs History
6
vs Industry
8
Median 3Y
2.7
Median 5Y
2.3
Industry
1.2
vs History
6
vs Industry
22
Median 3Y
4.8
Median 5Y
4.6
Industry
1.9
Forward
5.4
vs History
6
vs Industry
20
Median 3Y
8.3
Median 5Y
8.2
Industry
4.6
vs History
6
vs Industry
15
Median 3Y
9
Median 5Y
8.7
Industry
6
Forward
9.6
vs History
23
vs Industry
17
Median 3Y
11.3
Median 5Y
11.3
Industry
8.7
Forward
12.1
vs History
4
vs Industry
16
Median 3Y
10.2
Median 5Y
9.7
Industry
6.3
vs History
12
vs Industry
19
Median 3Y
12.5
Median 5Y
11.9
Industry
10.2
vs History
6
vs Industry
17
Median 3Y
1.5
Median 5Y
1.4
Industry
0.9

Multiples Across Competitors

MPLX Competitors Multiples
MPLX LP Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
US
MPLX LP
NYSE:MPLX
52.8B USD 4.3 11.9 10.4 12.9
CA
Enbridge Inc
TSX:ENB
138.8B CAD 2.3 23.6 14.8 22.4
US
Williams Companies Inc
NYSE:WMB
73.2B USD 6.8 32.1 17.2 28.6
US
Enterprise Products Partners LP
NYSE:EPD
69.3B USD 1.2 12 10.5 14.2
US
Energy Transfer LP
NYSE:ET
63.3B USD 0.8 13.9 8.5 13.2
US
Kinder Morgan Inc
NYSE:KMI
61.5B USD 4 23.9 13.7 21.2
US
Cheniere Energy Inc
NYSE:LNG
52.4B USD 3.1 16.9 10.1 12.2
US
ONEOK Inc
NYSE:OKE
51.6B USD 2.1 17 12.5 15.5
CA
TC Energy Corp
TSX:TRP
70.8B CAD 5.4 16.2 15 22.2
US
Targa Resources Corp
NYSE:TRGP
36.8B USD 2.2 30.8 12.9 20.1
US
Cheniere Energy Partners LP
NYSE:CQP
28.1B USD 3 14 10.9 13.2
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
MPLX LP
NYSE:MPLX
Average EV/EBITDA: 12.4
10.4
7%
1.5
CA
Enbridge Inc
TSX:ENB
14.8
14%
1.1
US
Williams Companies Inc
NYSE:WMB
17.2
18%
1
US
Enterprise Products Partners LP
NYSE:EPD
10.5
6%
1.8
US
Energy Transfer LP
NYSE:ET
8.5
8%
1.1
US
Kinder Morgan Inc
NYSE:KMI
13.7
10%
1.4
US
Cheniere Energy Inc
NYSE:LNG
10.1
0%
N/A
US
ONEOK Inc
NYSE:OKE
12.5
14%
0.9
CA
TC Energy Corp
TSX:TRP
15
13%
1.2
US
Targa Resources Corp
NYSE:TRGP
12.9
12%
1.1
US
Cheniere Energy Partners LP
NYSE:CQP
10.9
-2%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
MPLX LP
NYSE:MPLX
Average EV/EBIT: 17.8
12.9
7%
1.8
CA
Enbridge Inc
TSX:ENB
22.4
11%
2
US
Williams Companies Inc
NYSE:WMB
28.6
22%
1.3
US
Enterprise Products Partners LP
NYSE:EPD
14.2
6%
2.4
US
Energy Transfer LP
NYSE:ET
13.2
9%
1.5
US
Kinder Morgan Inc
NYSE:KMI
21.2
9%
2.4
US
Cheniere Energy Inc
NYSE:LNG
12.2
-1%
N/A
US
ONEOK Inc
NYSE:OKE
15.5
13%
1.2
CA
TC Energy Corp
TSX:TRP
22.2
15%
1.5
US
Targa Resources Corp
NYSE:TRGP
20.1
15%
1.3
US
Cheniere Energy Partners LP
NYSE:CQP
13.2
-2%
N/A