Mrc Global Inc.

Industrials
Industrial Machinery/Components
www.mrcglobal.com

Earnings Score
Moat Score
Safety Score

Market Cap $1.15B
PE 15
Debt $85.00M
Cash $62.00M
EV $1.18B
FCF $258.00M

Earnings

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Sales & Net Margins

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Earnings	$75.00M
EBIT	$150.00M
ROE	13%
ROA	9%
FCF	$258.00M
Equity	$557.00M
Growth Stability	-982%
PE	15.38
PEG	0.44
PB	2.07
P/FCF	4.47
P/S	0.36
Price/Cash	0.05
Debt/Equity	0.15
Debt/FCF	0.33
Net Margins	2%
Gross Margins	20%
Op. Margins	5%
Earnings CAGR	3%
Sales Growth YoY	-10%
Sales Growth QoQ	-4%
Sales CAGR	-2%
FCF CAGR	-5%
Equity CAGR	-12%
Earnings Stability	0.05
Earnings Growth YoY	-21%
Earnings Growth QoQ	-4%

Earnings CAGR 5Y	35%
Sales CAGR 5Y	4%
FCF CAGR 5Y	-7%
Equity CAGR 5Y	4%
Earnings CAGR 3Y	7%
Sales CAGR 3Y	7%
FCF CAGR 3Y	129%
Equity CAGR 3Y	22%
Market Cap	$1.15B
Revenue	$3.20B
Assets	$1.76B
Total Debt	$85.00M
Cash	$62.00M
Shares Outstanding	85M
EV	1.18B
Earnings Score	7%
Moat Score	82%
Safety Score	66%
Final Score	51%
Working Capital	519M
Current Ratio	1.99
Gross Profit	$649.00M
Shares Growth 3y	1%
Equity Growth QoQ	7%
Equity Growth YoY	20%

Assets & ROA

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Stockholders Equity & ROE

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MRC Global Inc distributes pipes, valves, fittings, and related products and services to the energy industry. Products are often used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions. In these conditions and other environments, MRC's valve products give the customer the ability to control the direction, velocity, and pressure of fluids and gases within transmission networks. In addition, other products can be used to regulate flow and on/off service. MRC's other products, which include pipe, steel fitting, and tubular goods, are used across all of the industries in which the company operates. Specialized services are delivered alongside this array of products to enhance the client relationship.

SEC Filings

Direct access to Mrc Global Inc. (MRC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 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 Mrc Global Inc. compare to its competitors?

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Peter Lynch's Chart

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

CAGR 3%

Stability 5%

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Mrc Global Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Mrc Global Inc..

Years

Calculation mode

= $1.8B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$258M	$245M	$232M	$220M	$209M	$198M	$188M	$179M	$170M	$161M	$153M	$1.5B
DCF		$223M	$192M	$166M	$143M	$123M	$106M	$92M	$79M	$68M	$59M	$589M
Value	$1.8B

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	2%	-8%	-4%	1%	1%	0%	-12%	-1%	2%	3%	2%
ROA	-	-11%	-3%	2%	5%	5%	-14%	0%	7%	10%	9%
ROE	-	-36%	-14%	3%	7%	2%	-85%	-12%	13%	18%	13%

Bad Net Margins (2.46%)

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	0.82	1.92	-6.79	-22.19	2.48	1.55	6.5	-11.06	3.57	0.33
Debt over Equity	1.05	0.56	0.55	0.7	0.99	0.86	1.11	0.93	0.89	1.22	0.15
Growth Stability	-	-	-	-	-	-	-982%	-	-	-	-982%

Good Debt/FCF ratio (0.33)

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 (0.15)

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

Bad Graham’s Stability (-982%)

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	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-24%	-33%	20%	14%	-12%	-30%	4%	26%	1%	4%
Earnings YoY growth	-	-339%	-69%	-124%	92%	-70%	-2K%	-87%	-234%	76%	35%
Equity YoY growth	-	-32%	-20%	-1%	-9%	-7%	-45%	-8%	20%	26%	4%
FCF YoY growth	-	-615%	-66%	-135%	-60%	-823%	12%	-82%	-167%	-635%	-7%