Mp Materials Corp.

Basic Materials
Metal Mining
www.mpmaterials.com

Earnings Score
Moat Score
Safety Score

Market Cap $4.03B
PE -62
Debt $930.49M
Cash $283.60M
EV $4.67B
FCF -$173.07M

Earnings

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Sales & Net Margins

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Earnings	-$65.42M
EBIT	-$93.35M
ROE	-6%
ROA	-4%
FCF	-$173.07M
Equity	$1.05B
Growth Stability	-44%
PE	-61.56
PEG	7.82
PB	3.82
P/FCF	-23.27
P/S	19.76
Price/Cash	0.07
Debt/Equity	0.88
Debt/FCF	-5.38
Net Margins	-32%
Gross Margins	6%
Op. Margins	-46%
Earnings CAGR	-7%
Sales Growth YoY	48%
Sales Growth QoQ	-3%
Sales CAGR	-2%
FCF CAGR	-0%
Equity CAGR	229%
Earnings Stability	-0.67
Earnings Growth YoY	37%
Earnings Growth QoQ	-12%

Earnings CAGR 5Y	-8%
Sales CAGR 5Y	-2%
FCF CAGR 5Y	-0%
Equity CAGR 5Y	229%
Earnings CAGR 3Y	-36%
Sales CAGR 3Y	-36%
FCF CAGR 3Y	-2%
Equity CAGR 3Y	-4%
Market Cap	$4.03B
Revenue	$203.86M
Assets	$2.33B
Total Debt	$930.49M
Cash	$283.60M
Shares Outstanding	163.2M
EV	4.67B
Earnings Score	6%
Moat Score	5%
Safety Score	35%
Final Score	15%
Working Capital	867.3M
Current Ratio	6.29
Gross Profit	$11.27M
Shares Growth 3y	-3%
Equity Growth QoQ	-1%
Equity Growth YoY	-23%

Assets & ROA

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Stockholders Equity & ROE

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MP Materials Corp is the largest producer of rare earth materials in the Western Hemisphere. The company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility, the only rare earth mining and processing site ofscale in North America.

SEC Filings

Direct access to Mp Materials Corp. (MP) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Mp Materials Corp. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Mp Materials Corp. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -7%

Stability -67%

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Mp Materials Corp. Discounted Cash Flow

Fully customizable DCF calculator online for Mp Materials Corp. .

Years

Calculation mode

= -$1.7B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$173M	-$173M	-$172M	-$171M	-$171M	-$170M	-$170M	-$169M	-$169M	-$168M	-$168M	-$1.7B
DCF		-$157M	-$142M	-$129M	-$117M	-$106M	-$96M	-$87M	-$79M	-$71M	-$65M	-$646M
Value	-$1.7B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	-9%	-16%	41%	55%	10%	-32%	-32%
ROA	-	-3%	9%	15%	1%	-4%	-4%
ROE	-	-3%	13%	22%	2%	-6%	-6%

Bad Net Margins (-32.09%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-0.3	-30.82	40.1	-3.46	-5.38	-5.38
Debt over Equity	-	0.01	0.67	0.52	0.51	0.88	0.88
Growth Stability	-	-	-	100%	18%	-44%	-44%

Good Debt/FCF ratio (-5.38)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.88)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-44%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	83%	147%	59%	-52%	-20%	-2%
Earnings YoY growth	-	223%	-719%	114%	-92%	-369%	-8%
Equity YoY growth	-	-5K%	18%	30%	4%	-23%	229%
FCF YoY growth	-	604%	15%	-177%	-1K%	-13%	-0%