(MUSA) Murphy USA - Overview
Sector: Consumer Cyclical | Industry: Specialty Retail | Exchange: NYSE (USA) | Market Cap: 10.643m USD | Total Return: 24% in 12m
Industry Rotation: -7.3
Avg Turnover: 169M
EPS Trend: -4.9%
Qual. Beats: 2
Rev. Trend: -75.7%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Supp Ema20, Leader, Tailwind, Pullback 52w, Confidence
Murphy USA Inc. (NYSE: MUSA) is a high-volume retailer of motor fuel and convenience merchandise, operating a network of stores primarily across the Southeast, Southwest, and Midwest United States. The company utilizes a multi-brand strategy through its Murphy USA, Murphy Express, and QuickChek banners to capture diverse consumer segments.
The business model focuses on low-cost operations and high-traffic locations, often situated near Walmart stores to leverage existing customer flows. In the automotive retail sector, fuel margins are typically volatile, leading companies to prioritize high-margin convenience store sales and tobacco products to stabilize earnings. Investors can examine detailed historical performance trends on ValueRay to further evaluate the companys valuation.
Headquartered in El Dorado, Arkansas, Murphy USA has expanded from its 1996 origins into a significant player in the GICS Automotive Retail sub-industry. The firm manages both traditional fuel stations and standalone non-fuel convenience stores, diversifying its revenue streams within the retail energy space.
- Retail fuel margin volatility directly impacts quarterly earnings and share price performance
- High-volume low-price business model relies on consistent regional consumer fuel demand
- QuickChek integration and store expansion drive higher margin merchandise revenue growth
- Federal RFS compliance costs and RIN price fluctuations affect fuel profitability
- Strategic proximity to Walmart locations secures steady customer traffic and volume levels
| Net Income: 553.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 3.18 > 1.0 |
| NWC/Revenue: -0.91% < 20% (prev -0.88%; Δ -0.03% < -1%) |
| CFO/TA 0.21 > 3% & CFO 1.01b > Net Income 553.7m |
| Net Debt (2.57b) to EBITDA (1.14b): 2.26 < 3 |
| Current Ratio: 0.83 > 1.5 & < 3 |
| Outstanding Shares: last quarter (18.7m) vs 12m ago -7.40% < -2% |
| Gross Margin: 5.51% > 18% (prev 0.10%; Δ 540.8% > 0.5%) |
| Asset Turnover: 420.1% > 50% (prev 442.6%; Δ -22.49% > 0%) |
| Interest Coverage Ratio: 7.47 > 6 (EBITDA TTM 1.14b / Interest Expense TTM 114.5m) |
| A: -0.04 (Total Current Assets 871.1m - Total Current Liabilities 1.05b) / Total Assets 4.87b |
| B: 0.88 (Retained Earnings 4.30b / Total Assets 4.87b) |
| C: 0.18 (EBIT TTM 855.8m / Avg Total Assets 4.68b) |
| D: 1.02 (Book Value of Equity 4.30b / Total Liabilities 4.21b) |
| Altman-Z'' Score: 4.94 = AAA |
| DSRI: 1.32 (Receivables 354.1m/272.1m, Revenue 19.68b/19.93b) |
| GMI: 1.80 (GM 5.51% / 9.92%) |
| AQI: 0.93 (AQ_t 0.10 / AQ_t-1 0.11) |
| SGI: 0.99 (Revenue 19.68b / 19.93b) |
| TATA: -0.09 (NI 553.7m - CFO 1.01b) / TA 4.87b) |
| Beneish M-Score: -2.18 (Cap -4..+1) = BB |
Over the past week, the price has changed by -2.07%, over one month by +13.93%, over three months by +45.01% and over the past year by +24.01%.
- StrongBuy: 5
- Buy: 0
- Hold: 2
- Sell: 2
- StrongSell: 0
| Analysts Target Price | 558 | -1.3% |
P/E Forward = 20.8768
P/S = 0.6152
P/B = 16.2041
P/EG = 1.5097
Revenue TTM = 19.68b USD
EBIT TTM = 855.8m USD
EBITDA TTM = 1.14b USD
Long Term Debt = 2.14b USD (from longTermDebt, last quarter)
Short Term Debt = 19.2m USD (from shortTermDebt, last quarter)
Debt = 2.69b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.57b USD (from netDebt column, last quarter)
Enterprise Value = 13.21b USD (10.64b + Debt 2.69b - CCE 118.6m)
Interest Coverage Ratio = 7.47 (Ebit TTM 855.8m / Interest Expense TTM 114.5m)
EV/FCF = 23.79x (Enterprise Value 13.21b / FCF TTM 555.3m)
FCF Yield = 4.20% (FCF TTM 555.3m / Enterprise Value 13.21b)
FCF Margin = 2.82% (FCF TTM 555.3m / Revenue TTM 19.68b)
Net Margin = 2.81% (Net Income TTM 553.7m / Revenue TTM 19.68b)
Gross Margin = 5.51% ((Revenue TTM 19.68b - Cost of Revenue TTM 18.59b) / Revenue TTM)
Gross Margin QoQ = 5.43% (prev 5.96%)
Tobins Q-Ratio = 2.72 (Enterprise Value 13.21b / Total Assets 4.87b)
Interest Expense / Debt = 1.08% (Interest Expense 29.0m / Debt 2.69b)
Taxrate = 22.64% (39.9m / 176.2m)
NOPAT = 662.0m (EBIT 855.8m * (1 - 22.64%))
Current Ratio = 0.83 (Total Current Assets 871.1m / Total Current Liabilities 1.05b)
Debt / Equity = 4.08 (Debt 2.69b / totalStockholderEquity, last quarter 658.7m)
Debt / EBITDA = 2.26 (Net Debt 2.57b / EBITDA 1.14b)
Debt / FCF = 4.63 (Net Debt 2.57b / FCF TTM 555.3m)
Total Stockholder Equity = 618.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 11.82% (Net Income 553.7m / Total Assets 4.87b)
RoE = 89.51% (Net Income TTM 553.7m / Total Stockholder Equity 618.6m)
RoCE = 31.05% (EBIT 855.8m / Capital Employed (Equity 618.6m + L.T.Debt 2.14b))
RoIC = 23.78% (NOPAT 662.0m / Invested Capital 2.78b)
WACC = 4.85% (E(10.64b)/V(13.33b) * Re(5.86%) + D(2.69b)/V(13.33b) * Rd(1.08%) * (1-Tc(0.23)))
Discount Rate = 5.86% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares (quarterly) Correlation: -100.00 | Cagr: -5.85%
[DCF] Terminal Value 85.08% ; FCFF base≈481.3m ; Y1≈428.2m ; Y5≈359.4m
[DCF] Fair Price = 447.6 (EV 10.84b - Net Debt 2.57b = Equity 8.27b / Shares 18.5m; r=6.0% [WACC]; 5y FCF grow -13.62% → 3.0% )
EPS Correlation: -4.87 | EPS CAGR: -0.90% | SUE: 4.0 | # QB: 2
Revenue Correlation: -75.68 | Revenue CAGR: -8.65% | SUE: 0.94 | # QB: 0
EPS current Quarter (2026-06-30): EPS=9.58 | Chg30d=+25.54% | Revisions=+64% | Analysts=8
EPS next Quarter (2026-09-30): EPS=7.93 | Chg30d=+8.65% | Revisions=+45% | Analysts=8
EPS current Year (2026-12-31): EPS=32.17 | Chg30d=+27.13% | Revisions=+64% | GrowthEPS=+28.7% | GrowthRev=+13.4%
EPS next Year (2027-12-31): EPS=29.22 | Chg30d=+9.00% | Revisions=+60% | GrowthEPS=-9.1% | GrowthRev=-1.3%
[Analyst] Revisions Ratio: +64%