Martin Midstream Partners LP

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MMLP : NASDAQ : Basic Materials
$18.85 -0.1 | -0.53%
Today's Range: 18.725 - 19.15
Avg. Daily Volume: 239400.0
03/23/17 - 4:00 PM ET

Financial Analysis


MARTIN MIDSTREAM PARTNERS LP's gross profit margin for the fourth quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. Even though sales decreased, the net income has increased. MARTIN MIDSTREAM PARTNERS LP has weak liquidity. Currently, the Quick Ratio is 0.79 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.

During the same period, stockholders' equity ("net worth") has decreased by 20.78% 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 FY16 Q4 FY15
Net Sales ($mil)236.9254.37
EBITDA ($mil)46.7348.33
EBIT ($mil)20.8624.81
Net Income ($mil)17.886.84


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)0.020.03
Total Assets ($mil)1246.361380.47
Total Debt ($mil)808.11865.0
Equity ($mil)312.01393.88


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin39.7140.76
EBITDA Margin19.7218.99
Operating Margin8.89.76
Sales Turnover0.660.75
Return on Assets2.532.78
Return on Equity10.149.43
Debt Q4 FY16 Q4 FY15
Current Ratio1.651.41
Debt/Capital0.720.69
Interest Expense12.8411.82
Interest Coverage1.632.1


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)35.4535.46
Div / share0.50.81
EPS0.490.08
Book value / share8.811.11
Institutional Own % n/a n/a
Avg Daily Volume234809.0186726.0

Valuation


HOLD. This stock's P/E ratio indicates a significant discount compared to an average of 146.90 for the Oil, Gas & Consumable Fuels industry and a premium compared to the S&P 500 average of 26.31. To use another comparison, its price-to-book ratio of 2.18 indicates a discount versus the S&P 500 average of 2.93 and a significant discount versus the industry average of 33.83. 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 29.54 Peers 146.90   MMLP 6.14 Peers 11.92

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 35.56 Peers 34.25   MMLP NM Peers 0.88

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

MMLP is trading at a premium 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 2.18 Peers 33.83   MMLP 10.16 Peers 26.27

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 0.82 Peers 2.51   MMLP -20.21 Peers -10.14

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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