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MP - MP Materials Corp.

NYSE -> Basic Materials -> Other Industrial Metals & Mining
Las Vegas, United States
Type: Equity

MP price evolution
MP
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Current assets
Cash $997.84 $1084.66 $1128.07 $1169.05
Short term investments
Net receivables $29.33 $13.18 $11.11 $21.25
Inventory $108.53 $89.77 $75.19 $68.65
Total current assets $1131.18 $1188.31 $1223.88 $1267.39
Long term investments $9.67
Property, plant & equipment $1168.12 $1108.07 $1054.97 $1002.24
Goodwill & intangible assets $8.88 $9.18
Total noncurrent assets $1205.28 $1133.91 $1065.57 $1013.71
Total investments $9.67
Total assets $2336.45 $2322.22 $2289.45 $2281.1
Current liabilities
Accounts payable $28 $92.1 $71.66 $68.57
Deferred revenue
Short long term debt $0.73 $0.31
Total current liabilities $108.55 $97.01 $75.77 $93.87
Long term debt $688.81 $688.11 $687.26 $679.33
Total noncurrent liabilities $862.12 $849.14 $848.74 $835.42
Total debt $688.81 $688.84 $687.57 $679.33
Total liabilities $970.67 $946.15 $924.51 $929.3
Shareholders' equity
Retained earnings $385.73 $401.99 $406.26 $398.87
Other shareholder equity $0.14 -$0.03 -$0.17 $0.13
Total shareholder equity $1365.78 $1376.07 $1364.93 $1351.81
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $997.84 $1182.35 $1179.3 $519.65
Short term investments
Net receivables $29.33 $32.86 $51.01 $3.59
Inventory $108.53 $63.3 $38.69 $32.27
Total current assets $1131.18 $1293.83 $1276.81 $561.05
Long term investments $9.67 $0.52 $9.1
Property, plant & equipment $1168.12 $935.74 $611.37 $503
Goodwill & intangible assets $8.88
Total noncurrent assets $1205.28 $943.96 $612.86 $513.24
Total investments $9.67 $0.52 $9.1
Total assets $2336.45 $2237.79 $1889.67 $1074.29
Current liabilities
Accounts payable $28 $72.27 $35.73 $16.16
Deferred revenue
Short long term debt $16.34 $24.74
Total current liabilities $108.55 $97.48 $59.54 $43.06
Long term debt $688.81 $678.44 $675.48 $46.08
Total noncurrent liabilities $862.12 $827.67 $821.39 $177.35
Total debt $688.81 $678.44 $691.82 $70.82
Total liabilities $970.67 $925.15 $880.93 $220.41
Shareholders' equity
Retained earnings $385.73 $361.42 $72.42 -$62.62
Other shareholder equity $0.14 $0.19
Total shareholder equity $1365.78 $1312.63 $1008.73 $853.88
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Revenue
Total revenue $41.2 $52.52 $64.02 $95.7
Cost of revenue $23.58 $22.22 $22.7 $24.22
Gross Profit $17.63 $30.3 $41.32 $71.48
Operating activities
Research & development
Selling, general & administrative $21.42 $19.56 $18.86 $19.4
Total operating expenses $51.26 $47.84 $40.84 $38.52
Operating income -$33.63 -$17.54 $0.48 $32.96
Income from continuing operations
EBIT -$19.55 -$3.08 $14.3 $46.66
Income tax expense -$4.4 -$0.2 $5.52 $7.85
Interest expense $1.11 $1.4 $1.39 $1.36
Net income
Net income -$16.26 -$4.28 $7.39 $37.45
Income (for common shares) -$16.26 -$4.28 $7.39 $37.45
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $253.44 $527.51 $331.95 $134.31
Cost of revenue $92.71 $92.22 $76.25 $63.8
Gross Profit $160.73 $435.29 $255.7 $70.51
Operating activities
Research & development
Selling, general & administrative $79.25 $75.84 $57.22 $27.01
Total operating expenses $178.45 $107.88 $90.35 $105.22
Operating income -$17.72 $327.41 $165.34 -$34.7
Income from continuing operations
EBIT $38.33 $346.94 $169.1 -$34.45
Income tax expense $8.77 $52.15 $25.16 -$17.64
Interest expense $5.25 $5.79 $8.9 $5.01
Net income
Net income $24.31 $289 $135.04 -$21.82
Income (for common shares) $24.31 $289 $135.04 -$21.82
(in millions $) 31 Dec 2023 30 Sep 2023 30 Jun 2023 31 Mar 2023
Net income -$16.26 -$4.28 $7.39 $37.45
Operating activities
Depreciation $18.63 $16.75 $12.2 $8.12
Business acquisitions & disposals
Stock-based compensation $6.2 $6.3 $5.73 $7.01
Total cash flows from operations -$13.78 $11.02 $9.97 $55.49
Investing activities
Capital expenditures -$71.2 -$57.64 -$55.77 -$74.46
Investments -$197.93 -$332.64 $321.7 $536.65
Total cash flows from investing -$269.13 -$390.28 $265.93 $462.19
Financing activities
Dividends paid
Sale and purchase of stock
Net borrowings -$0.63 -$0.63 -$0.62 -$0.85
Total cash flows from financing -$1.34 -$0.98 -$0.78 -$6.82
Effect of exchange rate
Change in cash and equivalents -$284.25 -$380.24 $275.12 $510.86
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income $24.31 $289 $135.04 -$21.82
Operating activities
Depreciation $55.71 $18.36 $24.38 $6.93
Business acquisitions & disposals
Stock-based compensation $25.24 $31.78 $22.93 $5.01
Total cash flows from operations $62.7 $343.51 $101.97 $3.28
Investing activities
Capital expenditures -$259.08 -$321.46 -$119.36 -$22.37
Investments $327.78 -$1035.51
Total cash flows from investing $68.7 -$1356.97 -$119.36 -$22.37
Financing activities
Dividends paid
Sale and purchase of stock $544.71
Net borrowings -$2.73 -$5.83 $669.82 $18.63
Total cash flows from financing -$9.92 -$24.19 $666.11 $521.96
Effect of exchange rate
Change in cash and equivalents $121.48 -$1037.65 $648.72 $502.87
Fundamentals
Market cap $2.59B
Enterprise value $2.28B
Shares outstanding 178.08M
Revenue $253.44M
EBITDA $94.04M
EBIT $38.33M
Net Income $24.31M
Revenue Q/Q -55.81%
Revenue Y/Y -51.95%
P/E ratio 106.45
EV/Sales 8.99
EV/EBITDA 24.23
EV/EBIT 59.45
P/S ratio 10.21
P/B ratio 1.89
Book/Share 7.67
Cash/Share 5.60
EPS $0.14
ROA 1.05%
ROE 1.78%
Debt/Equity 0.71
Net debt/EBITDA -0.29
Current ratio 10.42
Quick ratio 9.42