Martin Midstream Partners LP

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MMLP : NASDAQ : Basic Materials
$21.92 | %
Today's Range: 0.00 - 0.00
Avg. Daily Volume: 165,300
07/28/16 - 4:00 PM ET

Financial Analysis


MARTIN MIDSTREAM PARTNERS LP's gross profit margin for the first quarter of its fiscal year 2016 has significantly increased when compared to the same period a year ago. Sales and net income have dropped, although the growth in revenues underperformed the average competitor within the industry, the net income growth did not. MARTIN MIDSTREAM PARTNERS LP has weak liquidity. Currently, the Quick Ratio is 0.80 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 19.77% 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 FY16 Q1 FY15
Net Sales ($mil)225.61305.35
EBITDA ($mil)46.347.43
EBIT ($mil)24.2524.71
Net Income ($mil)15.9117.25


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)0.050.04
Total Assets ($mil)1342.961432.16
Total Debt ($mil)873.61849.37
Equity ($mil)377.08470.02


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin42.4233.25
EBITDA Margin20.5215.53
Operating Margin10.758.09
Sales Turnover0.711.02
Return on Assets2.75-0.43
Return on Equity9.82-0.57
Debt Q1 FY16 Q1 FY15
Current Ratio1.51.66
Debt/Capital0.70.64
Interest Expense11.011.63
Interest Coverage2.212.13


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)35.4635.46
Div / share0.810.81
EPS0.330.34
Book value / share10.6413.26
Institutional Own % n/a n/a
Avg Daily Volume166694.0201431.0

Valuation


HOLD. The current P/E ratio indicates a significant discount compared to an average of 70.76 for the Oil, Gas & Consumable Fuels industry and a significant premium compared to the S&P 500 average of 25.05. To use another comparison, its price-to-book ratio of 2.25 indicates a discount versus the S&P 500 average of 2.81 and a significant discount versus the industry average of 11.73. 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 41.24 Peers 70.76   MMLP 4.68 Peers 306.30

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 21.55 Peers 39.26   MMLP 0.80 Peers 2.07

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 significant discount to 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.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
MMLP 2.25 Peers 11.73   MMLP 323.07 Peers -202.73

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 0.89 Peers 2.43   MMLP -34.57 Peers -25.78

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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