Martin Midstream Partners LP

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MMLP : NASDAQ : Basic Materials
$19.88 -0.13 | -0.65%
Today's Range: 19.32 - 20.14
Avg. Daily Volume: 188,400
08/31/16 - 3:59 PM ET

Financial Analysis


MARTIN MIDSTREAM PARTNERS LP's gross profit margin for the second quarter of its fiscal year 2016 has increased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry. MARTIN MIDSTREAM PARTNERS LP has weak liquidity. Currently, the Quick Ratio is 0.50 which shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has decreased by 23.33% 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 Q2 FY16 Q2 FY15
Net Sales ($mil)190.35251.1
EBITDA ($mil)38.1742.48
EBIT ($mil)16.0819.8
Net Income ($mil)-1.2110.96


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)0.030.02
Total Assets ($mil)1341.731411.51
Total Debt ($mil)878.89840.16
Equity ($mil)343.89448.59


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin45.7839.55
EBITDA Margin20.0516.91
Operating Margin8.457.88
Sales Turnover0.670.93
Return on Assets1.850.4
Return on Equity7.231.76
Debt Q2 FY16 Q2 FY15
Current Ratio1.331.41
Debt/Capital0.720.65
Interest Expense13.0711.06
Interest Coverage1.231.79


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)35.4635.46
Div / share0.810.81
EPS-0.140.19
Book value / share9.712.65
Institutional Own % n/a n/a
Avg Daily Volume186024.0184826.0

Valuation


HOLD. This stock's P/E ratio indicates a premium compared to an average of 74.63 for the Oil, Gas & Consumable Fuels industry and a significant premium compared to the S&P 500 average of 25.13. To use another comparison, its price-to-book ratio of 2.12 indicates a discount versus the S&P 500 average of 2.82 and a significant discount versus the industry average of 13.98. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
MMLP 82.20 Peers 74.63   MMLP 4.75 Peers 10.83

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.

 

Discount. 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 discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
MMLP 19.21 Peers 44.69   MMLP NM Peers 1.04

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

MMLP is trading at a discount to its peers.

 

Neutral. 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's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
MMLP 2.12 Peers 13.98   MMLP 412.50 Peers -231.15

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 significant 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.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
MMLP 0.81 Peers 2.57   MMLP -31.61 Peers -26.35

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.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

MMLP significantly trails its peers on the basis of sales growth

 

 

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