MPLX LP (MPLX) vs Venture Global, Inc. (VG)

MPLX LP and Venture Global, Inc. are both Oil & Gas Midstream companies. MPLX LP is the larger, with a market value of $58.8B against $32.6B — 1.8× the size. Venture Global, Inc. trades at the lower P/E: 9.3× against 12.2×. Venture Global, Inc. grew revenue faster over the last twelve months: 100.7% against 8.71%. MPLX LP has the higher net margin (35.8% vs 19.7%) and the higher return on invested capital (9.45% vs 7.86%). Across the 19 metrics below, MPLX LP leads on 10 and Venture Global, Inc. on 9.

Valuation

Metric MPLX VG Oil & Gas Midstream median
P/E 12.22 9.28 13.19
P/S 4.36 1.85 2.60
P/B 4.05 2.60 2.08
Price to free cash flow 13.36 n/m 10.14
EV/EBITDA 11.22 9.53 8.11
EV/Sales 6.22 4.13 3.89
Earnings yield 8.19% 10.78% 6.83%
Free cash flow yield 7.48% (22.25%) 6.94%

Profitability

Metric MPLX VG Oil & Gas Midstream median
Gross margin 59.69% 53.48% 58.81%
Operating margin 44.44% 37.62% 32.14%
Net margin 35.75% 19.65% 21.16%
Free cash flow margin 32.63% (41.24%) 10.15%
Return on equity 33.41% 31.90% 11.30%
Return on assets 11.70% 6.17% 5.00%
Return on invested capital 9.45% 7.86% 6.13%

Growth

Metric MPLX VG Oil & Gas Midstream median
Revenue growth (TTM) 8.71% 100.72% 15.44%
EPS growth (last fiscal year) 14.49% 50.88% —
Revenue growth, 5-year CAGR 11.42% — 8.96%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric MPLX VG Oil & Gas Midstream median
Debt to equity 1.80 3.46 0.78
Current ratio 0.89 1.19 1.19
Net debt to EBITDA 3.21 5.19 3.42

Dividend

Metric MPLX VG Oil & Gas Midstream median
Dividend yield 9.32% — 7.29%
Payout ratio — — 0.64

Size

Metric MPLX VG Oil & Gas Midstream median
Market cap 58.78b 32.58b 3.61b

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