| Snowflake Score | |
|---|---|
| Valuation | 6/6 |
| Future Growth | 3/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
MRC Stock Overview
MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy, industrial, and gas utility end-markets in the United States, Canada, and internationally.
MRC Global Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$10.01 |
| 52 Week High | US$13.45 |
| 52 Week Low | US$6.38 |
| Beta | 1.99 |
| 1 Month Change | -4.49% |
| 3 Month Change | 6.60% |
| 1 Year Change | 14.01% |
| 3 Year Change | -24.34% |
| 5 Year Change | -35.83% |
| Change since IPO | -52.42% |
Recent News & Updates
MRC Global (NYSE:MRC) Is Experiencing Growth In Returns On Capital
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
Shareholder Returns
| MRC | US Trade Distributors | US Market | |
|---|---|---|---|
| 7D | -11.6% | 3.4% | 1.2% |
| 1Y | 14.0% | 0.7% | -11.6% |
Return vs Industry: MRC exceeded the US Trade Distributors industry which returned 0.5% over the past year.
Return vs Market: MRC exceeded the US Market which returned -13.5% over the past year.
Price Volatility
| MRC volatility | |
|---|---|
| MRC Average Weekly Movement | 9.1% |
| Trade Distributors Industry Average Movement | 6.6% |
| Market Average Movement | 7.9% |
| 10% most volatile stocks in US Market | 17.0% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: MRC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: MRC's weekly volatility (9%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1921 | 2,600 | Rob Saltiel | https://www.mrcglobal.com |
MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy, industrial, and gas utility end-markets in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components, as well as valve modification services; and measurement, steam, and instrumentation products. The company also provides carbon steel fittings and flanges comprising carbon weld fittings, flanges, and piping components; stainless steel, alloy and corrosion resistant pipes, tubing, fittings, and flanges; and carbon line pipes.
MRC Global Fundamentals Summary
| MRC fundamental statistics | |
|---|---|
| Market Cap | US$836.86m |
| Earnings (TTM) | -US$9.00m |
| Revenue (TTM) | US$2.96b |
0.3x
P/S Ratio-93.0x
P/E RatioIs MRC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MRC income statement (TTM) | |
|---|---|
| Revenue | US$2.96b |
| Cost of Revenue | US$2.47b |
| Gross Profit | US$489.00m |
| Other Expenses | US$498.00m |
| Earnings | -US$9.00m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.11 |
| Gross Margin | 16.51% |
| Net Profit Margin | -0.30% |
| Debt/Equity Ratio | 50.7% |
How did MRC perform over the long term?
See historical performance and comparisonValuation
Is MRC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
6/6Valuation Score 6/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MRC?
Other financial metrics that can be useful for relative valuation.
| What is MRC's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$836.86m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.6x |
| Enterprise Value/EBITDA | 18.1x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does MRC's PS Ratio compare to its peers?
| MRC PS Ratio vs Peers |
|---|
| Company | PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 0.8x | ||
DNOW NOW | 0.6x | 5.0% | US$1.2b |
HEES H&E Equipment Services | 1.1x | 9.1% | US$1.3b |
DXPE DXP Enterprises | 0.4x | 9.3% | US$530.9m |
GIC Global Industrial | 1.1x | 1.7% | US$1.2b |
MRC MRC Global | 0.3x | 5.9% | US$836.9m |
Price-To-Sales vs Peers: MRC is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (0.8x).
Price to Earnings Ratio vs Industry
How does MRC's PE Ratio compare vs other companies in the US Trade Distributors Industry?
Price-To-Sales vs Industry: MRC is good value based on its Price-To-Sales Ratio (0.3x) compared to the US Trade Distributors industry average (1.1x)
Price to Sales Ratio vs Fair Ratio
What is MRC's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 0.3x |
| Fair PS Ratio | 0.7x |
Price-To-Sales vs Fair Ratio: MRC is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (0.7x).
Share Price vs Fair Value
What is the Fair Price of MRC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MRC ($10.01) is trading below our estimate of fair value ($31.01)
Significantly Below Fair Value: MRC is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
Discover undervalued companies
Future Growth
How is MRC Global forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
92.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MRC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: MRC is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MRC is expected to become profitable in the next 3 years.
Revenue vs Market: MRC's revenue (5.9% per year) is forecast to grow slower than the US market (7.9% per year).
High Growth Revenue: MRC's revenue (5.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MRC's Return on Equity is forecast to be high in 3 years time
Discover growth companies
Past Performance
How has MRC Global performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-35.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MRC is currently unprofitable.
Growing Profit Margin: MRC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MRC is unprofitable, and losses have increased over the past 5 years at a rate of 35.1% per year.
Accelerating Growth: Unable to compare MRC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MRC is unprofitable, making it difficult to compare its past year earnings growth to the Trade Distributors industry (70.5%).
Return on Equity
High ROE: MRC has a negative Return on Equity (2.14%), as it is currently unprofitable.
Discover strong past performing companies
Financial Health
How is MRC Global's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: MRC's short term assets ($1.1B) exceed its short term liabilities ($549.0M).
Long Term Liabilities: MRC's short term assets ($1.1B) exceed its long term liabilities ($613.0M).
Debt to Equity History and Analysis
Debt Level: MRC's net debt to equity ratio (47.7%) is considered high.
Reducing Debt: MRC's debt to equity ratio has increased from 36.6% to 50.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MRC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MRC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Discover healthy companies
Dividend
What is MRC Global current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MRC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MRC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MRC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MRC's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as MRC has not reported any payouts.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
1.9yrs
Average management tenure
CEO
Rob Saltiel (59 yo)
1.42yrs
Tenure
US$6,056,146
Compensation
Mr. Robert James Saltiel, Jr., also known as Rob, has been President, Chief Executive Officer and Director of MRC Global Inc. since March 15, 2021. He had been the President, Chief Executive Officer and Di...
CEO Compensation Analysis
Compensation vs Market: Rob's total compensation ($USD6.06M) is above average for companies of similar size in the US market ($USD3.93M).
Compensation vs Earnings: Insufficient data to compare Rob's compensation with company performance.
Leadership Team
Experienced Management: MRC's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.
Board Members
Experienced Board: MRC's board of directors are considered experienced (4.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
MRC Global Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: MRC Global Inc.
- Ticker: MRC
- Exchange: NYSE
- Founded: 1921
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Implied Market Cap: US$836.861m
- Shares outstanding: 83.60m
- Website: https://www.mrcglobal.com
Number of Employees
Location
- MRC Global Inc.
- 1301 McKinney Street
- Suite 2300
- Houston
- Texas
- 77010
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/10 00:00 |
| End of Day Share Price | 2022/08/10 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2021/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.