MP Materials Corp.(MP) Stock Research - Grey Stern Research
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MP Materials Corp. (MP) Stock Analysis

$14.01 (1.52%)

MP Financial Performance


Use the table below to view MP Materials Corp.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q2 - 2024

Metric Value Ranking among Peers
Price $13.79 -
52 Week Low $10.02 -
52 Week High $22.81 -
Market Cap $2.3 Billion 3/5
Gross Margin -92% 5/5
Profit Margin -100% 5/5
EBITDA margin -112% 5/5
Q2 - 2024 Revenue $31.3 Million 4/5
Q2 - 2024 Earnings -$34.1 Million 5/5
Q2 - 2024 Free Cash Flow -$15.6 Million 2/5
Trailing 4 Quarters Revenue $173.7 Million 3/5
Trailing 4 Quarters Earnings -$38.1 Million 4/5
Quarterly Earnings Growth -561% 5/5
Annual Earnings Growth -132% 3/5
Quarterly Revenue Growth -51% 5/5
Annual Revenue Growth -51% 5/5
Cash On Hand $295.6 Million 4/5
Short Term Debt $0 5/5
Long Term Debt $936.6 Million 3/5

MP Materials Corp. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare MP Materials Corp.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE -1.00 3/5
PS 13.13 2/5
PB 2.02 1/5
PC 7.72 2/5
Liabilities to Equity 1.11 2/5
ROA -0.02 3/5
ROE -0.03 3/5
Current Ratio 1.91 4/5
Quick Ratio 0.76 3/5
Long Term Debt to Equity 0.84 1/5
Debt to Equity 0.85 1/5
Burn Rate 4.13 2/5
Cash to Cap 0.13 4/5
CCR 0.46 2/5
EV to EBITDA -83.90 5/5
EV to Revenue 16.86 2/5

Company Details

MP Materials Corp. owns and operates rare earth mining and processing facilities. It owns and operates the Mountain Pass Rare Earth mine 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. It offers cerium, lanthanum, neodymium, praseodymium, and samarium. The company was founded in 2017 and is headquartered in Las Vegas, Nevada.

CEO: Mr. James H. Litinsky

Website: https://mpmaterials.com

Address: 6720 Via Austi Parkway Las Vegas, NV

Exchange: New York Stock Exchange

Industry: Other Industrial Metals & Mining

MP Materials Corp. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to MP Materials Corp.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
Vale S.A. VALE $45.2 Billion
Teck Resources Limited TECK $24.1 Billion
Lithium Americas Corp. LAC $518.8 Million
Piedmont Lithium Inc. PLL $143.7 Million
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
MP Income Statements
Quarter Year Revenue Earnings
Q2 2024 $ 31.3 Million -$34.1 Million
Q1 2024 $ 48.7 Million $16.5 Million
Q4 2023 $ 41.2 Million -$16.3 Million
Q3 2023 $ 52.5 Million -$4.3 Million
Q2 2023 $ 64.0 Million $7.4 Million
Q1 2023 $ 95.7 Million $37.4 Million
Q4 2022 $ 93.2 Million $67.0 Million
Q3 2022 $ 124.4 Million $63.2 Million

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MP Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q2 2024 $295.6 Million $2.4 Billion $942.9 Million $1.1 Billion
Q1 2024 $296.5 Million $2.4 Billion $942.2 Million $1.1 Billion
Q4 2023 $263.4 Million $2.3 Billion $688.8 Million $1.4 Billion
Q3 2023 $547.7 Million $2.3 Billion $688.8 Million $1.4 Billion
Q2 2023 $927.2 Million $2.3 Billion $687.6 Million $1.4 Billion
Q1 2023 $651.2 Million $2.3 Billion $679.3 Million $1.4 Billion
Q4 2022 $136.6 Million $2.2 Billion $678.4 Million $1.3 Billion
Q3 2022 $428.0 Million $2.2 Billion $677.6 Million $1.2 Billion

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MP Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q2 2024 -$15.6 Million -$46.5 Million -$1.6 Million
Q1 2024 -$93.0 Million -$51.8 Million $32.5 Million
Q4 2023 $22.4 Million $0 $22.4 Million
Q3 2023 $40 $0 $40
Q2 2023 -$45.8 Million -$55.8 Million $275.1 Million
Q1 2023 -$19.0 Million -$74.5 Million $510.9 Million
Q4 2022 -$83.2 Million -$112.3 Million -$290.9 Million
Q3 2022 $100.1 Million -$214.3 Million -$231.2 Million

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