MP - MP Materials Corp Stock Price, Fair Value and News

16.35USD+0.22 (+1.36%)Market Closed

Market Summary

USD16.35+0.22

Market Closed

1.36%

MP Alerts

Big fall in Revenue (Y/Y)

Big fall in earnings (Y/Y)

MP Stock Price

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MP RSI Chart

MP Valuation

Market Cap

2.7B

Price/Earnings (Trailing)

796.23

Price/Sales (Trailing)

12.92

EV/EBITDA

45.82

Price/Free Cashflow

-9.76

MP Price/Sales (Trailing)

MP Profitability

EBT Margin

5.53%

Return on Equity

0.29%

Return on Assets

0.14%

Free Cashflow Yield

-10.25%

MP Fundamentals

MP Revenue

Revenue (TTM)

206.4M

Rev. Growth (Yr)

-49.13%

Rev. Growth (Qtr)

18.15%

MP Earnings

Earnings (TTM)

3.3M

Earnings Growth (Yr)

-55.97%

Earnings Growth (Qtr)

201.41%

Breaking Down MP Revenue

Last 7 days

2.3%

Last 30 days

-6.4%

Last 90 days

-1.9%

Trailing 12 Months

-38.5%

How does MP drawdown profile look like?

MP Financial Health

Current Ratio

10.29

Debt/Equity

0.82

Debt/Cashflow

-0.04

MP Investor Care

Buy Backs (1Y)

6.93%

Diluted EPS (TTM)

-0.14

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	206.4M	0	0	0
2023	457.0M	377.4M	305.5M	253.4M
2022	438.2M	508.7M	533.4M	527.5M
2021	173.6M	216.3M	275.0M	332.0M
2020	88.6M	103.9M	119.1M	134.3M
2019	0	0	0	73.4M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of MP Materials Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 31, 2024	lavan maryanne	acquired	-	-	1,865	-
Mar 31, 2024	duckworth connie k	acquired	-	-	1,989	-
Mar 16, 2024	corbett ryan	sold (taxes)	-4,017	13.9	-289	chief financial officer
Feb 26, 2024	hoops elliot dean	gifted	-	-	6,476	general counsel and secretary
Feb 26, 2024	hoops elliot dean	gifted	-	-	-6,476	general counsel and secretary
Feb 17, 2024	rosenthal michael stuart	sold (taxes)	-2,837,700	16.55	-171,462	chief operating officer
Jan 12, 2024	rosenthal michael stuart	acquired	-	-	77,158	chief operating officer
Jan 12, 2024	corbett ryan	acquired	-	-	74,347	chief financial officer
Jan 12, 2024	litinsky james h.	acquired	-	-	105,264	chairman and ceo
Jan 12, 2024	hoops elliot dean	acquired	-	-	45,997	general counsel and secretary

Which funds bought or sold MP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 10, 2024	CREDIT SUISSE AG/	reduced	-11.22	-1,841,200	3,266,720	-%
May 10, 2024	Scarborough Advisors, LLC	sold off	-100	-5,082	-	-%
May 10, 2024	BlackRock Inc.	reduced	-1.95	-72,711,800	174,882,000	-%
May 10, 2024	GROUP ONE TRADING, L.P.	reduced	-20.21	-760,188	1,027,740	-%
May 10, 2024	JPMORGAN CHASE & CO	reduced	-28.44	-2,605,700	2,772,800	-%
May 10, 2024	Vontobel Holding Ltd.	reduced	-67.73	-5,773,920	1,748,930	0.01%
May 10, 2024	CITIGROUP INC	added	457	1,429,800	1,903,800	-%
May 10, 2024	Jade Capital Advisors, LLC	reduced	-50.00	-254,000	143,000	0.10%
May 10, 2024	Pacer Advisors, Inc.	reduced	-0.87	-122,880	306,992	-%
May 10, 2024	PRESCOTT GROUP CAPITAL MANAGEMENT, L.L.C.	unchanged	-	-173,000	446,000	0.07%

Are Funds Buying or Selling MP?

Are funds buying MP calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MP

No. of Funds

Unveiling MP Materials Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 05, 2024	hancock prospecting pty ltd	5.3%	8,783,700	SC 13G
Feb 13, 2024	vanguard group inc	7.67%	13,635,712	SC 13G/A
Jan 26, 2024	blackrock inc.	7.1%	12,584,460	SC 13G
May 31, 2023	litinsky james h.	10.7%	18,941,416	SC 13D/A
May 26, 2023	jhl capital group llc	1.6%	2,815,096	SC 13D/A
May 18, 2023	qvt financial lp	4.98%	8,853,712	SC 13D/A
May 09, 2023	qvt financial lp	7.6%	13,501,578	SC 13D/A
Feb 09, 2023	vanguard group inc	5.51%	9,784,484	SC 13G
Feb 09, 2023	blackrock inc.	4.9%	8,770,378	SC 13G
Feb 08, 2023	blackrock inc.	5.0%	8,887,816	SC 13G

Recent SEC filings of MP Materials Corp

View All Filings

Date Filed	Form Type	Document
May 03, 2024	10-Q	Quarterly Report
May 02, 2024	8-K	Current Report
Apr 26, 2024	ARS	ARS
Apr 26, 2024	DEF 14A	DEF 14A
Apr 26, 2024	DEFA14A	DEFA14A
Apr 05, 2024	SC 13G	Major Ownership Report
Apr 01, 2024	4	Insider Trading
Apr 01, 2024	4	Insider Trading
Mar 22, 2024	8-K	Current Report
Mar 18, 2024	4	Insider Trading

Peers (Alternatives to MP Materials Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
SCCO	90.5B	9.7B	0.48%	57.03%	38.37	9.33	-3.73%	-11.90%
FCX	73.4B	23.8B	-0.43%	40.95%	18.99	3.08	10.30%	6.62%
NEM	49.4B	13.2B	7.99%	-10.40%	-18.47	3.75	13.70%	-408.56%
NUE	41.8B	34.1B	-12.76%	26.70%	9.88	1.22	-14.07%	-36.33%
RS	17.0B	14.5B	-12.04%	22.80%	13.47	1.17	-12.23%	-26.09%
CLF	8.3B	21.9B	-20.36%	17.43%	18.9	0.38	-1.92%	-15.58%
MID-CAP
HL	3.4T	710.3M	-2.15%	-5.60%	-39.5K	4.8K	-2.96%	-94.29%
AA	6.7B	10.5B	1.47%	3.38%	-9.79	0.64	-11.40%	15.25%
CMC	6.7B	8.4B	-1.20%	30.32%	9.79	0.79	-8.32%	-10.17%
MTRN	2.4B	1.6B	-10.86%	9.78%	28.72	1.49	-8.15%	-14.39%
SMALL-CAP
CDE	2.2B	847.0M	11.36%	55.52%	-20.27	2.59	7.96%	2.02%
CENX	1.6B	2.1B	0.65%	125.39%	6.56	0.75	-17.61%	444.18%
CMP	526.3M	1.2B	-14.21%	-58.93%	-9	0.44	-5.61%	-206.82%
AUMN	8.2M	12.0M	-29.49%	-89.52%	-0.88	0.68	-48.46%	6.84%
GLG	996.8K	134.6M	-	-92.65%	0.82	0.01	-14.16%	-64.26%

MP Materials Corp News

Latest updates

MP Materials Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																		(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Revenue	18.2%	48,684,000	41,205,000	52,516,000	64,024,000	95,700,000	93,245,000	124,445,000	143,562,000	166,258,000	99,109,000	99,754,000	73,118,000	59,971,000	42,178,000	41,022,000	30,391,000	20,719,000	-
Costs and Expenses	8.4%	81,116,000	74,833,000	70,052,000	63,541,000	62,738,000	55,779,000	45,278,000	47,808,000	51,234,000	42,031,000	45,661,000	40,653,000	38,262,000	34,437,000	24,868,000	91,635,000	18,073,000	-
S&GA Expenses	-0.7%	21,267,000	21,416,000	19,561,000	18,865,000	19,403,000	19,707,000	17,722,000	18,120,000	20,308,000	15,660,000	14,881,000	12,647,000	13,458,000	12,247,500	5,635,000	5,843,000	3,084,000	-
EBITDA Margin	6.0%	0.35	0.33	0.45	0.56	0.63	0.67	0.67	0.65	0.61	0.53	0.43	0.38	-	-	-	-	-	-
Interest Expenses	100.0%	-	-1,107,000	-1,396,000	-1,392,000	-1,359,000	-1,331,000	-1,224,000	-1,326,000	-1,905,000	-2,487,000	-2,624,000	-2,639,000	-1,154,000	-8,591,000	1,713,000	1,066,000	803,000	-
Income Taxes	262.4%	7,144,000	-4,398,000	-200,000	5,517,000	7,849,000	-19,919,000	20,934,000	23,371,000	27,762,000	5,700,000	8,803,000	6,164,000	4,491,000	-17,847,000	-125,000	336,000	-	-
Earnings Before Taxes	214.4%	23,633,000	-20,657,000	-4,476,000	12,912,000	45,296,000	47,088,000	84,111,000	96,640,000	113,313,000	54,689,000	51,566,000	33,330,000	20,610,000	6,267,000	14,502,000	-62,155,000	1,925,000	-
EBT Margin	-57.6%	0.06	0.13	0.33	0.50	0.60	0.65	0.65	0.62	0.58	0.48	0.41	0.35	-	-	-	-	-	-
Net Income	201.4%	16,489,000	-16,259,000	-4,276,000	7,395,000	37,447,000	67,007,000	63,177,000	73,269,000	85,551,000	48,989,000	42,763,000	27,166,000	16,119,000	24,114,000	14,627,000	-62,491,000	1,925,000	-
Net Income Margin	-83.1%	0.02	0.10	0.35	0.46	0.53	0.55	0.51	0.49	0.47	0.41	0.40	0.38	-	-	-	-	-	-
Free Cashflow	-7.2%	-92,964,000	-86,751,000	-47,670,000	-45,806,000	-18,971,000	-83,168,000	2,809,000	31,239,000	66,039,000	-5,943,000	-19,234,000	13,241,000	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																		(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Assets	0.8%	2,354	2,336	2,322	2,289	2,281	2,238	2,189	2,101	1,987	1,890	1,849	1,818	1,783	1,074	346	347	224	102
Current Assets	-2.2%	1,106	1,131	1,188	1,224	1,267	1,294	1,357	1,349	1,316	1,277	1,256	1,246	1,239	561	1.00	2.00	-	27.00
Cash Equivalents	13.0%	297	263	548	927	651	137	428	664	1,233	1,179	1,179	1,197	1,182	532	30.00	39.00	5.00	30.00
Inventory	14.0%	109	95.00	77.00	68.00	62.00	58.00	62.00	42.00	40.00	39.00	34.00	36.00	35.00	32.00	-	-	-	23.00
Net PPE	3.3%	1,196	1,158	1,098	1,045	1,002	936	830	750	668	611	583	561	533	502	-	-	-	46.00
Liabilities	25.3%	1,216	971	946	925	929	925	947	931	897	881	895	911	907	220	117	13.00	-	120
Current Liabilities	-0.9%	108	109	97.00	76.00	94.00	97.00	75.00	66.00	52.00	60.00	71.00	90.00	73.00	43.00	4.00	1.00	1.00	31.00
Long Term Debt	37.2%	936	682	681	680	679	678	678	677	676	675	-	-	-	-	-	-	-	-
LT Debt, Non Current	-100.0%	-	682	681	680	679	678	678	677	676	675	-	-	-	-	-	-	-	-
Shareholder's Equity	-16.7%	1,138	1,366	1,376	1,365	1,352	1,313	1,242	1,171	1,090	1,009	954	907	875	854	5.00	5.00	0.00	-
Retained Earnings	4.3%	402	386	402	406	399	361	294	231	158	72.00	23.00	-19.34	-46.50	-62.62	-3.39	-0.32	-0.01	-40.80
Additional Paid-In Capital	-4.3%	938	980	974	959	953	951	948	940	932	936	931	926	922	916	8.00	5.00	0.00	23.00
Shares Outstanding	-7.2%	165	178	178	178	178	178	176	176	176	173	173	171	-	-	-	-	-	-
Float	-	-	-	-	3,600	-	-	-	3,400	-	-	-	3,400	-	-	-	344	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																		(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Cashflow From Operations	-198.4%	-41,126	-13,781	11,021	9,968	55,491	29,095	94,557	98,891	120,971	31,507	22,495	38,634	9,335	3,595	-2,560	-1,492	3,734	-
Share Based Compensation	20.5%	7,467	6,195	6,298	5,730	7,013	6,761	7,806	7,440	9,773	8,208	4,552	4,498	5,673	5,014	-	-	-	-
Cashflow From Investing	115.1%	40,714	-269,134	-390,283	265,926	462,188	-315,244	-325,078	-666,847	-49,802	-35,683	-39,114	-25,393	-19,173	-12,675	-4,867	-4,210	-618	-
Cashflow From Financing	2556.7%	32,920	-1,340	-978	-777	-6,822	-4,756	-651	-873	-17,911	-3,501	-880	-1,303	671,793	485,775	-2,542	38,938	-210	-

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MP Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Total revenue	$ 48,684	$ 95,700
Operating costs and expenses:
Cost of sales (excluding depreciation, depletion and amortization) (including related party)	35,594	24,216
Selling, general and administrative	21,267	19,403
Depreciation, depletion and amortization	18,385	8,122
Start-up costs	1,287	4,669
Advanced projects and development	4,206	3,611
Other operating costs and expenses	377	2,717
Total operating costs and expenses	81,116	62,738
Operating income (loss)	(32,432)	32,962
Interest expense, net	(2,857)	(1,359)
Gain on early extinguishment of debt	46,265	0
Other income, net	12,657	13,693
Income before income taxes	23,633	45,296
Income tax expense	(7,144)	(7,849)
Net income	$ 16,489	$ 37,447
Earnings (loss) per share:
Basic EPS (in USD per share)	$ 0.09	$ 0.21
Diluted (in USD per share)	$ (0.08)	$ 0.20
Weighted-average shares outstanding:
Basic (in shares)	174,556,850	176,881,723
Diluted (in shares)	186,791,826	193,613,539
Rare earth concentrate (including related party)
Total revenue	$ 40,076	$ 95,666
Other rare earth products
Total revenue	281	34
NdPr oxide and metal (including related party)
Total revenue	$ 8,327	$ 0

MP Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 296,468	$ 263,351
Short-term investments	650,299	734,493
Total cash, cash equivalents and short-term investments	946,767	997,844
Accounts receivable, net of allowance for credit losses of $0 and $0, respectively (including related party)	21,600	10,029
Inventories	108,509	95,182
Government grant receivable	19,302	19,302
Prepaid expenses and other current assets	10,021	8,820
Total current assets	1,106,199	1,131,177
Non-current assets
Property, plant and equipment, net	1,196,486	1,158,054
Operating lease right-of-use assets	9,705	10,065
Inventories	14,531	13,350
Equity method investment	9,647	9,673
Intangible assets, net	8,582	8,881
Other non-current assets	8,889	5,252
Total non-current assets	1,247,840	1,205,275
Total assets	2,354,039	2,336,452
Current liabilities
Accounts and construction payable	26,139	27,995
Accrued liabilities	73,987	73,939
Other current liabilities	7,420	6,616
Total current liabilities	107,546	108,550
Non-current liabilities
Asset retirement obligations	5,576	5,518
Environmental obligations	16,532	16,545
Long-term debt, net	935,585	681,980
Operating lease liabilities	6,573	6,829
Deferred government grant	18,349	17,433
Deferred income taxes	121,877	130,793
Other non-current liabilities	4,247	3,025
Total non-current liabilities	1,108,739	862,123
Total liabilities	1,216,285	970,673
Commitments and contingencies (Note 13)
Stockholders’ equity:
Preferred stock ($0.0001 par value, 50,000,000 shares authorized, none issued and outstanding in either period)	0	0
Common stock ($0.0001 par value, 450,000,000 shares authorized, $178,319,495 and $178,082,383 shares issued, and 165,307,107 and 178,082,383 shares outstanding, as of March 31, 2024, and December 31, 2023, respectively)	18	17
Additional paid-in capital	938,209	979,891
Retained earnings	402,215	385,726
Accumulated other comprehensive income (loss)	(130)	145
Treasury stock, at cost, 13,012,388 and 0 shares, respectively	(202,558)	0
Total stockholders’ equity	1,137,754	1,365,779
Total liabilities and stockholders’ equity	$ 2,354,039	$ 2,336,452

About MP Materials Corp

MP Materials Corp., together with its subsidiaries, produces rare earth materials in the Western Hemisphere. The company owns and operates the Mountain Pass Rare Earth mine and processing facility in North America. It 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. The company was founded in 2017 and is headquartered in Las Vegas, Nevada.

CEO	Mr. James Henry Litinsky
WEBSITE	https://mpmaterials.com
INDUSTRY	Metals and Mining
EMPLOYEES	486

MP Materials Corp Frequently Asked Questions

What is the ticker symbol for MP Materials Corp? What does MP stand for in stocks?

MP is the stock ticker symbol of MP Materials Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of MP Materials Corp (MP)?

As of Fri May 10 2024, market cap of MP Materials Corp is 2.67 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MP stock?

You can check MP's fair value in chart for subscribers.

What is the fair value of MP stock?

You can check MP's fair value in chart for subscribers. The fair value of MP Materials Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of MP Materials Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is MP Materials Corp a good stock to buy?

The fair value guage provides a quick view whether MP is over valued or under valued. Whether MP Materials Corp is cheap or expensive depends on the assumptions which impact MP Materials Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MP.

What is MP Materials Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 10 2024, MP's PE ratio (Price to Earnings) is 796.23 and Price to Sales (PS) ratio is 12.92. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MP PE ratio will change depending on the future growth rate expectations of investors.