Marine Petroleum Trust (NASDAQ: MARPS)

Sector: Energy Industry: Oil & Gas Midstream CIK: 0000062362
Market Cap 8.79 Mn
P/B 8.71
P/E 11.95
P/S 8.24
ROIC (Qtr) 76.43
Div Yield % 6.79
Rev 1y % (Qtr) 61.65
Total Debt (Qtr) 0.00
Debt/Equity (Qtr) 0.00
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About

Investment thesis

Bull case

  • Cash position of 1.01M represents healthy 1x of working capital 1.01M, demonstrating strong operational liquidity.

Bear case

  • R&D investment of 0 represents just 0x of SG&A expenses of 331356, indicating potential underinvestment in innovation relative to administrative overhead.
  • Tangible assets of 1.01M provide limited backing for working capital of 1.01M, which is 1x, suggesting increased operational risk in market downturns.

Peer comparison

Companies in the Oil & Gas Midstream
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 ENB Enbridge Inc 112.63 Bn 21.82 2.37 76.66 Bn
2 EPD Enterprise Products Partners L.P. 81.14 Bn 17.33 2.56 33.58 Bn
3 TRP Tc Energy Corp 64.68 Bn 26.06 5.82 43.86 Bn
4 MPLX Mplx Lp 58.19 Bn 14.78 4.97 25.92 Bn
5 KMI Kinder Morgan, Inc. 56.67 Bn 46.57 3.70 32.00 Bn
6 WMB Williams Companies, Inc. 54.06 Bn -94.68 7.35 27.99 Bn
7 LNG Cheniere Energy, Inc. 49.66 Bn -50.93 183.24 25.19 Bn
8 TRGP Targa Resources Corp. 48.94 Bn 0.00 10.77 17.43 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 7.80 3.63
EV to Cash from Ops. EV/CFO 11.78 38.33
EV to Debt EV to Debt 0.00 -74.71
EV to EBIT EV/EBIT 10.70 18.29
EV to EBITDA EV/EBITDA 7.47 7.00
EV to Free Cash Flow [EV/FCF] EV/FCF 11.78 63.00
EV to Market Cap EV to Market Cap 0.90 2.28
EV to Revenue EV/Rev 7.38 9.80
Price to Book Value [P/B] P/B 8.71 51.38
Price to Earnings [P/E] P/E 11.95 69.14
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Div Coverage (Qtr) 0.00 -3.69
Dividend Payout Ratio % Div Payout % (Qtr) 82.50 71.20
Dividend per Basic Share Div per Share (Qtr) 0.31 1.46
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 33.21
Interest Coverage Interest Coverage 0.00 5.29
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex Growth (1y) % 0.00 -6.96
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 14.18 16,425.73
Dividend Growth (1y) % Div 1y % (Qtr) -14.08 -2.61
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 22.55 -0.02
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 0.00 -3.25
EBIT Growth (1y) % EBIT 1y % (Qtr) 22.55 -7.01
EBT Growth (1y) % EBT 1y % (Qtr) 22.55 -231.64
EPS Growth (1y) % EPS 1y % (Qtr) 19.35 -42.37
FCF Growth (1y) % FCF 1y % (Qtr) 0.00 -2.78
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 12.88 1.01
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 1.06 0.77
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.21
Cash Ratio Cash Ratio (Qtr) 0.00 0.91
Current Ratio Curr Ratio (Qtr) 0.00 1.78
Debt to Equity Ratio Debt/Equity (Qtr) 0.00 1.13
Interest Cover Ratio Interest Cover Ratio 0.00 5.29
Times Interest Earned Times Interest Earned 0.00 5.29
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 0.00 35.43
EBIT Margin % EBIT Margin % (Qtr) 68.95 27.71
EBT Margin % EBT Margin % (Qtr) 68.95 17.46
Gross Margin % Gross Margin % (Qtr) 100.00 48.73
Net Profit Margin % Net Margin % (Qtr) 69.00 15.45