Definitive Analysis | Institutional-Grade Financial Research
Definitive Analysis
Get Full Access
See Pricing Start Free Trial

Marathon Petroleum Corporation (0JYA.L)

Company Dividend Discount ModelIndustry: Oil & Gas EnergySector: Energy

Valuation Snapshot

Stable Growth$61.02 - $103.58$79.55
Multi-Stage$72.76 - $79.41$76.02
Blended Fair Value$77.78
Current Price$192.74
Upside-59.64%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS-3.76%8.21%3.704.044.104.764.844.483.062.482.311.97
YoY Growth---8.49%-1.41%-13.81%-1.72%8.01%46.54%23.42%7.51%17.29%16.98%
Dividend Yield--2.54%1.98%3.04%5.57%9.06%18.99%5.01%3.39%4.56%5.29%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)1,517.51
(-) Cash Dividends Paid (M)1,132.00
(=) Cash Retained (M)385.51
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)303.50189.69113.81
Cash Retained (M)385.51385.51385.51
(-) Cash Required (M)-303.50-189.69-113.81
(=) Excess Retained (M)82.01195.82271.70
(/) Shares Outstanding (M)311.75311.75311.75
(=) Excess Retained per Share0.260.630.87
LTM Dividend per Share3.633.633.63
(+) Excess Retained per Share0.260.630.87
(=) Adjusted Dividend3.894.264.50
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate2.55%3.55%4.55%
Fair Value$61.02$79.55$103.58
Upside / Downside-68.34%-58.73%-46.26%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)1,517.511,571.431,627.271,685.091,744.971,806.971,861.18
Payout Ratio74.60%77.68%80.76%83.84%86.92%90.00%92.50%
Projected Dividends (M)1,132.001,220.641,314.141,412.751,516.711,626.271,721.59

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate9.10%9.10%9.10%
Growth Rate2.55%3.55%4.55%
Year 1 PV (M)1,108.041,118.841,129.65
Year 2 PV (M)1,082.881,104.101,125.53
Year 3 PV (M)1,056.751,087.971,119.79
Year 4 PV (M)1,029.861,070.621,112.58
Year 5 PV (M)1,002.391,052.231,104.02
PV of Terminal Value (M)17,401.5018,266.6219,165.81
Equity Value (M)22,681.4223,700.3724,757.38
Shares Outstanding (M)311.75311.75311.75
Fair Value$72.76$76.02$79.41
Upside / Downside-62.25%-60.56%-58.80%

High-Yield Dividend Screener

« Prev Page 7 of 30 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
PLYMPlymouth Industrial REIT, Inc.4.80%$1.0549.94%
SAFTSafety Insurance Group, Inc.4.80%$3.6361.47%
CETCentral Securities Corp.4.79%$2.4313.87%
GBLIGlobal Indemnity Group, LLC4.79%$1.3870.11%
JANIXJanus Henderson Triton Fund Class D4.79%$1.2767.95%
MITNAG Mortgage Investment Trust, Inc. 9.500% Senior Notes due 20294.77%$1.2175.90%
PRUPrudential Financial, Inc.4.77%$5.4373.37%
IFAFXThe Income Fund of America, Class F-1 Shares4.76%$1.2433.91%
AMECXAmerican Funds The Income Fund of America Class A4.74%$1.2433.91%
UMPQUmpqua Holdings Corporation4.74%$0.8454.13%
NFBKNorthfield Bancorp, Inc.4.73%$0.5454.01%
SBSISouthside Bancshares, Inc.4.72%$1.4462.24%
TNLTravel + Leisure Co.4.72%$3.4054.99%
AIRCApartment Income REIT Corp.4.68%$1.8341.27%
SONSonoco Products Company4.68%$2.0832.95%
OFLXOmega Flex, Inc.4.67%$1.3685.30%
FTAIOFTAI Aviation Ltd.4.65%$1.1825.22%
WDWalker & Dunlop, Inc.4.65%$2.7379.29%
0J2Z.LHA Sustainable Infrastructure Capital, Inc.4.63%$1.4766.70%
FLMNFalcon Minerals Corporation4.63%$0.3681.83%
GSRMGSR II Meteora Acquisition Corp.4.62%$0.1532.94%
FBFWXAmerican Funds Retirement Income Portfolio - Moderate Class F-14.61%$0.6379.77%
GPSThe Gap, Inc.4.61%$0.9341.48%
QUADQuad/Graphics, Inc.4.61%$0.2764.56%
BMYBristol-Myers Squibb Company4.59%$2.4582.81%
WTBAWest Bancorporation, Inc.4.56%$0.9952.39%
SCPLSciPlay Corporation4.55%$1.0417.40%
OLPOne Liberty Properties, Inc.4.53%$0.9257.61%
RWAYLRunway Growth Finance Corp. - 74.53%$1.1475.51%
INSWInternational Seaways, Inc.4.52%$2.1248.43%
RWAYZRunway Growth Finance Corp. 8.00% Notes due 20274.52%$1.1475.51%
DDominion Energy, Inc.4.48%$2.6597.13%
TGTTarget Corporation4.48%$4.5054.48%
COLBColumbia Banking System, Inc.4.47%$1.2662.95%
DFPAXBNY Mellon Diversified International Fund Class A4.46%$0.4556.12%
KEYKeyCorp4.46%$0.9495.81%
RPTIXT. Rowe Price Mid-Cap Growth Fund4.46%$4.3859.54%
CGBDCarlyle Secured Lending, Inc.4.45%$0.5655.08%
NEWTPNewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B4.44%$1.0244.14%
PFCPremier Financial Corp.4.43%$1.2468.07%
BFCBank First Corporation4.40%$5.3073.82%
DUKDuke Energy Corporation4.40%$5.1780.55%
0L77.LSkyworks Solutions, Inc.4.37%$2.7990.67%
ESCAEscalade, Incorporated4.35%$0.6065.28%
DINOHF Sinclair Corporation4.34%$2.0396.43%
LBAILakeland Bancorp, Inc.4.34%$0.5844.96%
CVXChevron Corporation4.32%$6.7495.36%
CVBFCVB Financial Corp.4.31%$0.8154.32%
HTBKHeritage Commerce Corp4.30%$0.5273.66%
EQREquity Residential4.28%$2.6689.76%