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DCF Valuation
Base-case fair value
$32314336380.15
Intrinsic $43085781840.20 · 25% MOS
Current price: $55.62
Base-case summary
Our base-case DCF for Mplx LP (MPLX) projects 10 years of free cash flow growth at 2.0% for years 1–5 and 1.0% for years 6–10, anchored to a default 8% growth assumption, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $3.9B in trailing free cash flow, this produces an intrinsic value of $43085781840.20 per share. A 25% safety margin gives a fair value of $32314336380.15, suggesting the stock is currently 58098411227% undervalued against the $55.62 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$3.9B
Cash & equivalents
$1.5B
Total debt
$25.9B
Shares outstanding
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