Enterprise Products Partners L.P. (EPD) vs MPLX LP (MPLX)

Enterprise Products Partners L.P. and MPLX LP are both Oil & Gas Midstream companies. Enterprise Products Partners L.P. is the larger, with a market value of $79.1B against $57.3B — 1.4× the size. Enterprise Products Partners L.P. trades at the lower P/E: 12.2× against 13.2×. Enterprise Products Partners L.P. grew revenue faster over the last twelve months: 21.5% against 3.11%. MPLX LP has the higher net margin (32.9% vs 0.00%) and the higher return on invested capital (8.76% vs 7.93%). Both pay a dividend; MPLX LP yields more (9.74% vs 6.04%). Across the 23 metrics below, MPLX LP leads on 13 and Enterprise Products Partners L.P. on 10.

Valuation

Metric EPD MPLX Oil & Gas Midstream median
P/E 12.17 13.21 11.68
P/S 1.23 4.35 2.39
P/B 2.54 4.02 1.68
Price to free cash flow 17.35 14.01 8.52
EV/EBITDA 10.58 11.76 9.03
EV/Sales 1.75 6.26 3.43
Earnings yield 8.22% 7.57% 7.78%
Free cash flow yield 5.77% 7.14% 7.11%

Profitability

Metric EPD MPLX Oil & Gas Midstream median
Gross margin 12.50% 57.55% 54.87%
Operating margin 12.67% 42.03% 34.73%
Net margin 0.00% 32.91% 20.12%
Free cash flow margin 14.45% 31.04% 14.43%
Return on equity 0.00% 30.16% 11.73%
Return on assets 0.00% 9.94% 4.43%
Return on invested capital 7.93% 8.76% 6.10%

Growth

Metric EPD MPLX Oil & Gas Midstream median
Revenue growth (TTM) 21.49% 3.11% 14.88%
EPS growth (last fiscal year) (1.12%) 14.49% (7.78%)
Revenue growth, 5-year CAGR 14.10% 11.42% 10.05%
Net income growth, 5-year CAGR 8.80% 0.00% 0.00%

Health

Metric EPD MPLX Oil & Gas Midstream median
Debt to equity 1.07 1.86 0.77
Current ratio 0.93 1.56 1.19
Net debt to EBITDA 3.35 3.21 3.46

Dividend

Metric EPD MPLX Oil & Gas Midstream median
Dividend yield 6.04% 9.74% 4.94%
Payout ratio 0.74 1.29 0.73

Size

Metric EPD MPLX Oil & Gas Midstream median
Market cap 79.08b 57.29b 3.56b

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