MP Materials Corp. engages in the ownership and operation of integrated rare earth mining and processing facilities.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$36.51|
|52 Week High||US$15.00|
|52 Week Low||US$51.77|
|1 Month Change||13.46%|
|3 Month Change||2.56%|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||141.95%|
Recent News & Updates
MP Materials: Indirect EV Investment
MP Materials is preparing for the proliferation of electric vehicles. The electric vehicle market is expanding rapidly and will need NdPr to meet demand. Operations have been running efficiently and will continue to expand. Management has their eye on where macro trends are occurring. Valuation is quite high, however, this company presents a unique opportunity.
Robust Earnings May Not Tell The Whole Story For MP Materials (NYSE:MP)
Despite posting some strong earnings, the market for MP Materials Corp.'s ( NYSE:MP ) stock hasn't moved much. Our...
|MP||US Metals and Mining||US Market|
Return vs Industry: Insufficient data to determine how MP performed against the US Metals and Mining industry.
Return vs Market: Insufficient data to determine how MP performed against the US Market.
Stable Share Price: MP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: MP's weekly volatility (7%) has been stable over the past year.
About the Company
MP Materials Corp. engages in the ownership and operation of integrated rare earth mining and processing facilities. It owns and operates the Mountain Pass facility located in the Western Hemisphere. The company holds the mineral rights to the Mountain Pass mine and surrounding areas, as well as intellectual property rights related to the processing and development of rare earth minerals.
MP Materials Fundamentals Summary
|MP fundamental statistics|
Is MP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MP income statement (TTM)|
|Cost of Revenue||US$73.52m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Nov 04, 2021
|Earnings per share (EPS)||0.46|
|Net Profit Margin||37.92%|
How did MP perform over the long term?See historical performance and comparison
Is MP Materials 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: MP ($36.51) is trading below our estimate of fair value ($39.87)
Significantly Below Fair Value: MP is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MP is poor value based on its PE Ratio (79.1x) compared to the US Metals and Mining industry average (11.5x).
PE vs Market: MP is poor value based on its PE Ratio (79.1x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: MP is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: MP is overvalued based on its PB Ratio (7.2x) compared to the US Metals and Mining industry average (2.3x).
How is MP Materials forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MP's forecast earnings growth (32.5% per year) is above the savings rate (2%).
Earnings vs Market: MP's earnings (32.5% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MP's revenue (30.4% per year) is forecast to grow faster than the US market (9.9% per year).
High Growth Revenue: MP's revenue (30.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MP's Return on Equity is forecast to be low in 3 years time (18.6%).
How has MP Materials performed over the past 5 years?
Last years revenue growth
Earnings and Revenue History
Quality Earnings: MP has a high level of non-cash earnings.
Growing Profit Margin: MP became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MP has become profitable over the past 5 years.
Accelerating Growth: MP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (102.1%).
Return on Equity
High ROE: MP's Return on Equity (9%) is considered low.
How is MP Materials's financial position?
Financial Position Analysis
Short Term Liabilities: MP's short term assets ($1.2B) exceed its short term liabilities ($90.3M).
Long Term Liabilities: MP's short term assets ($1.2B) exceed its long term liabilities ($821.0M).
Debt to Equity History and Analysis
Debt Level: MP's debt to equity ratio (80.5%) is considered high.
Reducing Debt: Insufficient data to determine if MP's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MP's debt is not well covered by operating cash flow (6.7%).
Interest Coverage: MP's interest payments on its debt are well covered by EBIT (13x coverage).
What is MP Materials's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MP'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 MP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MP'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 MP'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
James Litinsky (42 yo)
Mr. James Henry Litinsky, J.D., serves as the Founder, Chief Executive Officer and Chief Investment Officer at JHL Capital Group LLC. Mr. Litinsky founded the firm in 2006. He founded MP Materials Corp, se...
Experienced Management: MP's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Experienced Board: MP's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MP insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: MP only recently listed within the past 12 months.
MP Materials Corp.'s employee growth, exchange listings and data sources
- Name: MP Materials Corp.
- Ticker: MP
- Exchange: NYSE
- Founded: 2017
- Industry: Diversified Metals and Mining
- Sector: Materials
- Market Cap: US$6.490b
- Shares outstanding: 177.76m
- Website: https://www.mpmaterials.com
Number of Employees
- MP Materials Corp.
- 6720 Via Austi Parkway
- Suite 450
- Las Vegas
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/23 22:23|
|End of Day Share Price||2021/10/22 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.