MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy industry in the United States, Canada, and internationally. More Details
Adequate balance sheet and fair value.
Share Price & News
How has MRC Global's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MRC is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: MRC's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.
7 Day Return
US Trade Distributors
1 Year Return
US Trade Distributors
Return vs Industry: MRC underperformed the US Trade Distributors industry which returned 26.1% over the past year.
Return vs Market: MRC underperformed the US Market which returned 24.3% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is MRC Global's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StMRC Global (NYSE:MRC) Takes On Some Risk With Its Use Of Debt
1 month ago | Simply Wall StMRC Global (NYSE:MRC) Share Prices Have Dropped 62% In The Last Three Years
2 months ago | Simply Wall StAnalysts Are Updating Their MRC Global Inc. (NYSE:MRC) Estimates After Its Third-Quarter Results
Is MRC Global undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MRC ($6.6) is trading below our estimate of fair value ($9.38)
Significantly Below Fair Value: MRC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MRC is unprofitable, so we can't compare its PE Ratio to the US Trade Distributors industry average.
PE vs Market: MRC is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MRC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MRC is good value based on its PB Ratio (1.6x) compared to the US Trade Distributors industry average (1.9x).
How is MRC Global forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
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 (2%).
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's is expected to become profitable in the next 3 years.
Revenue vs Market: MRC's revenue (5.8% per year) is forecast to grow slower than the US market (10.6% per year).
High Growth Revenue: MRC's revenue (5.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MRC's Return on Equity is forecast to be low in 3 years time (9.1%).
How has MRC Global performed over the past 5 years?
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, but has reduced losses over the past 5 years at a rate of 27.7% 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 (-18.3%).
Return on Equity
High ROE: MRC has a negative Return on Equity (-41.74%), as it is currently unprofitable.
How is MRC Global's financial position?
Financial Position Analysis
Short Term Liabilities: MRC's short term assets ($994.0M) exceed its short term liabilities ($417.0M).
Long Term Liabilities: MRC's short term assets ($994.0M) exceed its long term liabilities ($686.0M).
Debt to Equity History and Analysis
Debt Level: MRC's debt to equity ratio (58.3%) is considered high.
Reducing Debt: MRC's debt to equity ratio has increased from 38.4% to 58.3% over the past 5 years.
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: Whilst unprofitable MRC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: MRC is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 6.8% per year.
What is MRC Global current dividend yield, its reliability and sustainability?
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.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MRC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andy Lane (61 yo)
Mr. Andrew R. Lane, also known as Andy, has been the Chief Executive Officer and President of MRC Global Inc. and MRC Global (US) Inc. since September 2008. Mr. Lane has been the Chief Executive Officer an...
CEO Compensation Analysis
Compensation vs Market: Andy's total compensation ($USD5.51M) is above average for companies of similar size in the US market ($USD1.64M).
Compensation vs Earnings: Andy's compensation has been consistent with company performance over the past year.
|Executive VP & CFO||0.83yr||US$2.03m||0.035% |
|Executive VP of Corporate Affairs||9.42yrs||US$1.26m||0.038% |
|Senior Vice President of Strategy||1yr||US$1.04m||0.045% |
|Senior Vice President of International Operations & Global VAMI||1yr||US$1.22m||0.068% |
|Senior VP & Chief Accounting Officer||9.67yrs||no data||0.071% |
|Vice President of Investor Relations||no data||no data||no data|
|Senior Vice President of Business Development||1yr||no data||0.021% |
|Senior Vice President of US Operations||4.75yrs||no data||0.070% |
|Senior Vice President of Supply Chain||1yr||no data||0.010% |
|Senior VP & Treasurer||9.33yrs||no data||no data|
Experienced Management: MRC's management team is considered experienced (2.9 years average tenure).
|Independent Non-Executive Chairman||4.75yrs||US$297.77k||0.18% |
|Independent Director||12.25yrs||US$215.77k||0.11% |
|Independent Director||5.42yrs||US$220.77k||0.072% |
|Independent Director||11.08yrs||US$202.77k||0.19% |
|Independent Director||5.75yrs||US$225.77k||0.066% |
|Independent Director||10.67yrs||US$202.53k||0.082% |
|Independent Director||3.25yrs||US$202.77k||0.057% |
Experienced Board: MRC's board of directors are considered experienced (5.8 years average tenure).
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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
MRC Global Inc.'s company bio, employee growth, exchange listings and data sources
- Name: MRC Global Inc.
- Ticker: MRC
- Exchange: NYSE
- Founded: 1921
- Industry: Trading Companies and Distributors
- Sector: Capital Goods
- Market Cap: US$566.627m
- Shares outstanding: 82.24m
- Website: https://www.mrcglobal.com
Number of Employees
- MRC Global Inc.
- Fulbright Tower
- Suite 2300
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MRC||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Apr 2012|
MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy industry in the United States, Canada, and internationally. The ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/27 23:51|
|End of Day Share Price||2021/01/27 00:00|
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.