-0.12 | -0.27%
MARTIN MIDSTREAM PARTNERS LP's gross profit margin for the first quarter of its fiscal year 2013 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. MARTIN MIDSTREAM PARTNERS LP has average liquidity. Currently, the Quick Ratio is 1.11 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 4.34% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
| Income Statement | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Net Sales ($mil) | 434.06 | 348.32 |
| EBITDA ($mil) | 38.28 | 29.73 |
| EBIT ($mil) | 26.39 | 19.78 |
| Net Income ($mil) | 16.64 | 12.47 |
| Balance Sheet | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Cash & Equiv. ($mil) | 0.05 | 8.78 |
| Total Assets ($mil) | 1036.37 | 967.67 |
| Total Debt ($mil) | 523.19 | 433.88 |
| Equity ($mil) | 353.94 | 370.02 |
| Profitability | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Gross Profit Margin | 20.43 | 20.82 |
| EBITDA Margin | 8.81 | 8.53 |
| Operating Margin | 6.08 | 5.68 |
| Sales Turnover | 1.56 | 1.38 |
| Return on Assets | 10.43 | 2.88 |
| Return on Equity | 12.7 | 5.19 |
| Debt | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Current Ratio | 1.59 | 1.45 |
| Debt/Capital | 0.6 | 0.54 |
| Interest Expense | 9.24 | 8.01 |
| Interest Coverage | 2.86 | 2.47 |
| Share Data | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Shares outstanding (mil) | 26.63 | 23.12 |
| Div / share | 0.77 | 0.76 |
| EPS | 0.61 | 0.33 |
| Book value / share | 13.29 | 16.01 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 141801.0 | 135772.0 |
BUY. MARTIN MIDSTREAM PARTNERS LP's P/E ratio indicates a premium compared to an average of 22.89 for the Oil, Gas & Consumable Fuels industry and a premium compared to the S&P 500 average of 18.91. To use another comparison, its price-to-book ratio of 3.18 indicates a premium versus the S&P 500 average of 2.42 and a discount versus the industry average of 4.15. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MMLP 26.23 | Peers 22.89 | MMLP 11.26 | Peers 8.94 | |||||||||||||||||||||
|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. MMLP is trading at a premium to its peers. |
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. MMLP is trading at a significant premium to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| MMLP 21.44 | Peers 20.84 | MMLP 0.61 | Peers 1.03 | |||||||||||||||||||||
|
Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations. MMLP is trading at a valuation on par with its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. MMLP trades at a significant discount to its peers. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| MMLP 3.18 | Peers 4.15 | MMLP 133.33 | Peers -26.24 | |||||||||||||||||||||
|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. MMLP is trading at a discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. MMLP is expected to have an earnings growth rate that significantly exceeds its peers. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| MMLP 0.70 | Peers 2.08 | MMLP 20.57 | Peers 7.35 | |||||||||||||||||||||
|
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. MMLP is trading at a significant discount to its industry on this measurement. |
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share. MMLP has a sales growth rate that significantly exceeds its peers. |
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