Martin Midstream Partners LP

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MMLP : NASDAQ : Basic Materials
$19.55 up 0.2 | 1.03%
Today's Range: 19.45 - 19.8
Avg. Daily Volume: 115400.0
07/25/17 - 4:00 PM ET

Financial Analysis


MARTIN MIDSTREAM PARTNERS LP's gross profit margin for the first quarter of its fiscal year 2017 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. MARTIN MIDSTREAM PARTNERS LP has weak liquidity. Currently, the Quick Ratio is 0.74 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.

During the same period, stockholders' equity ("net worth") has decreased by 6.32% 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 Q1 FY17 Q1 FY16
Net Sales ($mil)253.33225.61
EBITDA ($mil)49.2446.3
EBIT ($mil)23.924.25
Net Income ($mil)13.5815.91


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)0.040.05
Total Assets ($mil)1209.161342.96
Total Debt ($mil)750.74873.61
Equity ($mil)353.21377.08


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin37.1942.42
EBITDA Margin19.4320.52
Operating Margin9.4410.75
Sales Turnover0.710.71
Return on Assets2.422.75
Return on Equity8.39.82
Debt Q1 FY17 Q1 FY16
Current Ratio1.551.5
Debt/Capital0.680.7
Interest Expense11.711.0
Interest Coverage2.042.21


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)38.4535.46
Div / share0.50.81
EPS0.360.33
Book value / share9.1910.64
Institutional Own % n/a n/a
Avg Daily Volume116409.0230934.0

Valuation


HOLD. This stock's P/E ratio indicates a significant discount compared to an average of 55.33 for the Oil, Gas & Consumable Fuels industry and a premium compared to the S&P 500 average of 24.66. To use another comparison, its price-to-book ratio of 2.09 indicates a discount versus the S&P 500 average of 3.07 and a significant discount versus the industry average of 79.95. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. Upon assessment of these and other key valuation criteria, MARTIN MIDSTREAM PARTNERS LP proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
MMLP 28.24 Peers 55.33   MMLP 5.79 Peers 15.52

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

MMLP is trading at a significant discount 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 30.72 Peers 58.89   MMLP NM Peers 0.55

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 2.09 Peers 79.95   MMLP 17.24 Peers 95.84

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.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, MMLP is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
MMLP 0.86 Peers 2.26   MMLP -10.66 Peers 7.37

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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