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.
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's share price has been volatile over the past 3 months.
7 Day Return
US Trade Distributors
1 Year Return
US Trade Distributors
Return vs Industry: MRC underperformed the US Trade Distributors industry which returned 9.9% over the past year.
Return vs Market: MRC underperformed the US Market which returned 20.1% over the past year.
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
3 days ago | Simply Wall StRead This Before Buying MRC Global Inc. (NYSE:MRC) Shares
2 weeks ago | Simply Wall StMRC Global (NYSE:MRC) Has A Somewhat Strained Balance Sheet
4 weeks ago | Simply Wall StIs MRC Global Inc.'s (NYSE:MRC) 7.1% ROE Worse Than Average?
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 ($10.46) is trading below our estimate of fair value ($17.09)
Significantly Below Fair Value: MRC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MRC is poor value based on its PE Ratio (57.9x) compared to the Trade Distributors industry average (16.6x).
PE vs Market: MRC is poor value based on its PE Ratio (57.9x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: MRC is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: MRC is good value based on its PB Ratio (1.3x) compared to the US Trade Distributors industry average (1.7x).
How is MRC Global forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MRC's forecast earnings growth (36.9% per year) is above the savings rate (1.7%).
Earnings vs Market: MRC's earnings (36.9% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MRC's revenue (1.9% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: MRC's revenue (1.9% 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 (12.9%).
How has MRC Global performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MRC has high quality earnings.
Growing Profit Margin: MRC's current net profit margins (0.4%) are lower than last year (1.2%).
Past Earnings Growth Analysis
Earnings Trend: MRC has become profitable over the past 5 years, growing earnings by 20.9% per year.
Accelerating Growth: MRC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MRC had negative earnings growth (-70%) over the past year, making it difficult to compare to the Trade Distributors industry average (3.5%).
Return on Equity
High ROE: MRC's Return on Equity (3.9%) is considered low.
Return on Assets
Return on Capital Employed
How is MRC Global's financial position?
Financial Position Analysis
Short Term Liabilities: MRC's short term assets ($1.2B) exceed its short term liabilities ($486.0M).
Long Term Liabilities: MRC's short term assets ($1.2B) exceed its long term liabilities ($842.0M).
Debt to Equity History and Analysis
Debt Level: MRC's debt to equity ratio (55.3%) is considered high.
Reducing Debt: MRC's debt to equity ratio has reduced from 104% to 55.3% over the past 5 years.
Inventory Level: MRC has a high level of physical assets or inventory.
Debt Coverage by Assets: MRC's debt is covered by short term assets (assets are 2.2x debt).
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 is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: MRC is profitable, therefore cash runway is not a concern.
What is MRC Global's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate MRC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MRC's dividend yield against the top 25% of dividend payers, as the company has not reported any 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 (60yo)
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 ($USD6.24M) is above average for companies of similar size in the US market ($USD2.47M).
Compensation vs Earnings: Andy's compensation has been consistent with company performance over the past year.
|CFO & Executive VP||8.3yrs||US$1.92m||0.20% $1.7m|
|Senior Vice President of Operations||1.1yrs||US$1.21m||0.033% $280.9k|
|Executive VP of Corporate Affairs||8.5yrs||US$1.53m||0.025% $216.3k|
|Senior Vice President of Supply Chain Management||5.5yrs||US$1.22m||0.053% $453.9k|
|Vice President of Investor Relations||0yrs||no data||no data|
|Senior Vice President of Business Development||7.4yrs||no data||0.054% $459.7k|
|Senior Vice President of US Operations||3.8yrs||no data||0.051% $435.8k|
|Executive Vice President||0.3yrs||no data||no data|
|Senior VP & Treasurer||8.4yrs||no data||no data|
Experienced Management: MRC's management team is seasoned and experienced (7.4 years average tenure).
|Non-Executive Chairman||3.8yrs||US$317.48k||0.12% $990.4k|
|Independent Director||11.3yrs||US$226.70k||0.087% $740.0k|
|Independent Director||4.5yrs||US$231.70k||0.049% $420.6k|
|Independent Director||10.2yrs||US$213.70k||0.11% $896.9k|
|Independent Director||4.8yrs||US$236.70k||0.043% $366.7k|
|Independent Director||13.1yrs||US$209.70k||0.54% $4.6m|
|Independent Director||9.8yrs||US$211.70k||0.053% $450.0k|
Experienced Board: MRC's board of directors are considered experienced (10 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$851.538m
- Shares outstanding: 81.41m
- Website: https://www.mrcglobal.com/NorthAmerica/us
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 supplies products across various markets, such as upstream, midstream, and downstream. 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 products, and top work components, as well as measurement, steam, and instrumentation products. The company also provides carbon steel fittings and flanges, including carbon weld fittings, flanges, and piping components; stainless, alloy, and corrosion resistant pipes, tubing, fittings, and flanges; and carbon line pipes. In addition, it offers natural gas distribution products comprising risers, meters, polyethylene pipes and fittings, and various other components and industrial supplies; oilfield and industrial supplies and completion equipment consisting of high density polyethylene pipes, fittings, and rods; and specialized production equipment comprising tanks and separators. Further, the company provides various services, such as product testing, manufacturer assessments, multiple daily deliveries, volume purchasing, inventory and zone store management and warehousing, technical support, training, just-in-time delivery, truck stocking, order consolidation, product tagging, and system interfaces. Its products are used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions, including high pressure, high/low temperature, and high corrosive and abrasive environments. The company was formerly known as McJunkin Red Man Holding Corporation and changed its name to MRC Global Inc. in January 2012. MRC Global Inc. was founded in 1921 and is headquartered in Houston, Texas.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/17 01:04|
|End of Day Share Price||2020/02/14 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.