Murphy USA Inc.
Find Ratings ReportsMURPHY USA INC's gross profit margin for the fourth quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Even though sales decreased, the net income has increased, representing an increase to the bottom line. MURPHY USA INC has weak liquidity. Currently, the Quick Ratio is 0.53 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
At the same time, stockholders' equity ("net worth") has greatly increased by 29.37% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 4498.7 | 4824.5 |
EBITDA ($mil) | 275.2 | 230.3 |
EBIT ($mil) | 217.4 | 173.7 |
Net Income ($mil) | 150.0 | 117.7 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 124.9 | 78.4 |
Total Assets ($mil) | 4340.1 | 4123.2 |
Total Debt ($mil) | 2272.1 | 2271.6 |
Equity ($mil) | 828.9 | 640.7 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 13.15 | 11.59 |
EBITDA Margin | 6.11 | 4.77 |
Operating Margin | 4.83 | 3.6 |
Sales Turnover | 4.43 | 5.16 |
Return on Assets | 12.82 | 16.31 |
Return on Equity | 67.17 | 105.03 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.95 | 0.85 |
Debt/Capital | 0.73 | 0.78 |
Interest Expense | 24.0 | 23.7 |
Interest Coverage | 9.06 | 7.33 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 20.84 | 21.75 |
Div / share | 0.41 | 0.35 |
EPS | 7.0 | 5.21 |
Book value / share | 39.78 | 29.46 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 196910.0 | 224220.0 |
BUY. This stock's P/E ratio indicates a discount compared to an average of 21.35 for the Gasoline Stations and Fuel Dealers subsector and a significant discount compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 10.39 indicates a significant premium versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 31.46. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, MURPHY USA INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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MUSA 16.20 | Peers 21.35 | MUSA 10.98 | Peers 8.93 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. MUSA is trading at a discount 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. MUSA is trading at a premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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MUSA 14.72 | Peers 17.25 | MUSA 11.17 | Peers 6.72 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. MUSA is trading at a valuation on par with its peers. |
Premium. 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. MUSA trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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MUSA 10.39 | Peers 31.46 | MUSA -9.22 | Peers 32.16 | |||||||||||||||||||||
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. MUSA is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, MUSA is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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MUSA 0.45 | Peers 1.50 | MUSA -9.54 | Peers 5.26 | |||||||||||||||||||||
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. MUSA is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. MUSA significantly trails its peers on the basis of sales growth. |
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