MP - MP Materials Corp.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$80.50
DETAILS
HIGH:
$100.00
LOW:
$69.00
MEDIAN:
$76.50
CONSENSUS:
$80.50
UPSIDE:
24.88%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 275.5 | 203.9 | 253.4 | 527.5 | 332.0 | 134.3 | 73.4 | 67.4 |
| Cost of Revenue | 282.1 | 270.6 | 148.4 | 110.6 | 100.6 | 70.7 | 67.8 | 57.3 |
| Gross Profit | (6.6) | (66.8) | 105.0 | 416.9 | 231.3 | 63.6 | 5.6 | 10.1 |
| Operating Expenses | ||||||||
| R&D Expenses | 0 | 9.3 | 14.9 | 4.2 | 4.2 | 0.1 | 0 | 0 |
| SG&A Expenses | 112.1 | 83.3 | 79.2 | 75.9 | 56.6 | 26.8 | 11.1 | 14.6 |
| Other Expenses | 4.1 | 10.0 | 28.6 | 9.4 | 5.1 | 71.4 | 2.1 | 4.5 |
| Operating Expenses | 116.2 | 102.6 | 122.7 | 89.5 | 66.0 | 98.3 | 13.2 | 19.0 |
| Operating Income | ||||||||
| Operating Income | (122.8) | (169.4) | (17.7) | 327.4 | 165.3 | (34.7) | (7.6) | (8.9) |
| Interest Expense | 31.5 | 23.0 | 5.3 | 5.8 | 8.9 | 5.0 | 3.4 | 5.0 |
| Interest Income | 52.0 | 47.1 | 55.6 | 19.8 | 0.4 | 0.2 | 0.5 | 0 |
| Profitability | ||||||||
| EBITDA | 4.5 | 7.7 | 94.0 | 365.3 | 193.5 | (27.5) | 1.3 | (4.4) |
| EBIT | (86.3) | (70.3) | 38.3 | 346.9 | 169.1 | (34.5) | (3.3) | (8.9) |
| Income Before Tax | (117.8) | (93.3) | 33.1 | 341.2 | 160.2 | (39.5) | (6.8) | (13.5) |
| Income Tax Expense | (31.9) | (27.9) | 8.8 | 52.1 | 25.2 | (17.6) | 0.0 | 0.0 |
| Net Income | (85.9) | (65.4) | 24.3 | 289.0 | 135.0 | (21.8) | (6.8) | (13.5) |
| Per Share Data | ||||||||
| EPS (Basic) | -0.50 | -0.57 | 0.14 | 1.64 | 0.78 | -0.27 | -0.10 | -0.20 |
| EPS (Diluted) | -0.50 | -0.57 | 0.14 | 1.52 | 0.73 | -0.27 | -0.10 | -0.20 |
| Shares Outstanding | 170.1 | 166.8 | 177.2 | 176.5 | 173.5 | 79.7 | 66.6 | 66.6 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 1,166.0 | 282.4 | 263.4 | 136.6 | 1,179.3 | 519.7 | 2.8 | 2.8 |
| Short-Term Investments | 664.3 | 568.4 | 734.5 | 1,045.7 | 0 | 0 | 0 | 0 |
| Net Receivables | 146.7 | 62.3 | 30.2 | 32.9 | 51.0 | 3.6 | 0.4 | 0.2 |
| Inventory | 171.6 | 107.9 | 95.2 | 57.6 | 38.7 | 32.3 | 23.0 | 13.5 |
| Other Current Assets | 18.3 | 10.2 | 8.0 | 21.1 | 0 | 0 | 0 | 0.9 |
| Total Current Assets | 2,165.8 | 1,031.3 | 1,131.2 | 1,293.8 | 1,276.8 | 561.0 | 27.4 | 17.5 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 1,383.0 | 1,260.2 | 1,168.1 | 935.8 | 610.6 | 503.0 | 47.0 | 52.9 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 6.2 | 7.4 | 8.9 | 0.1 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0.5 | 0 | 9.7 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 308.6 | 34.7 | 18.6 | 8.0 | 2.2 | 10.2 | 27.4 | 25.9 |
| Total Non-Current Assets | 1,844.1 | 1,302.2 | 1,205.3 | 944.0 | 612.9 | 513.2 | 74.4 | 78.8 |
| Total Assets | 4,009.9 | 2,333.6 | 2,336.5 | 2,237.8 | 1,889.7 | 1,074.3 | 101.8 | 96.3 |
| Current Liabilities | ||||||||
| Account Payables | 36.7 | 23.6 | 28.0 | 15.3 | 35.7 | 16.2 | 0 | 7.8 |
| Short-Term Debt | 74.5 | 0 | 0 | 0 | 16.1 | 24.5 | 4.5 | 5.4 |
| Deferred Revenue | 74.3 | 56.9 | 0 | 0 | 0 | 0 | 6.6 | 0 |
| Other Current Liabilities | 89.6 | 18.9 | 6.6 | 4.1 | 4.0 | 2.2 | 20.0 | 9.9 |
| Total Current Liabilities | 299.0 | 164.0 | 108.5 | 97.5 | 59.5 | 43.1 | 31.3 | 23.0 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 960.1 | 908.7 | 682.0 | 678.4 | 674.9 | 45.3 | 13.6 | 15.5 |
| Deferred Tax Liabilities | 197.3 | 110.8 | 130.8 | 122.4 | 104.5 | 87.5 | 0 | 0 |
| Other Non-Current Liabilities | 46.6 | 26.1 | 25.1 | 26.9 | 41.4 | 43.8 | 45.6 | 69.0 |
| Total Non-Current Liabilities | 1,318.5 | 1,114.7 | 862.1 | 827.7 | 821.4 | 177.3 | 88.5 | 84.5 |
| Total Liabilities | 1,617.5 | 1,278.7 | 970.7 | 925.2 | 880.9 | 220.4 | 119.8 | 107.5 |
| Stockholders' Equity | ||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 20.5 |
| Retained Earnings | 234.4 | 320.3 | 385.7 | 361.4 | 72.4 | (62.6) | (40.8) | (34.0) |
| Accumulated Other Comprehensive Income | 0.4 | 0.2 | 0.1 | 0.2 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 2,392.4 | 1,054.9 | 1,365.8 | 1,312.6 | 1,008.7 | 853.9 | (18.0) | (11.3) |
| Total Liabilities & Equity | 4,009.9 | 2,333.6 | 2,336.5 | 2,237.8 | 1,889.7 | 1,074.3 | 101.8 | 96.3 |
| Debt Metrics | ||||||||
| Total Debt | 1,043.1 | 914.5 | 688.8 | 678.5 | 691.8 | 70.8 | 18.7 | 20.9 |
| Net Debt | (122.9) | 632.1 | 425.5 | 541.8 | (487.5) | (448.8) | 15.9 | 18.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | (85.9) | (65.4) | 24.3 | 289.0 | 135.0 | (21.8) | (6.8) | (13.5) |
| Depreciation & Amortization | 89.3 | 78.1 | 56.6 | 18.4 | 24.4 | 6.9 | 4.7 | 4.5 |
| Stock-Based Compensation | 30.2 | 23.2 | 25.2 | 31.8 | 22.9 | 5.0 | 0 | 0 |
| Change in Working Capital | (136.2) | 58.2 | (32.2) | 4.2 | (34.3) | (37.6) | 1.9 | 11.2 |
| Other Non-Cash Items | (22.7) | (52.9) | (19.7) | (17.6) | (63.5) | 68.6 | (0.3) | 18.0 |
| Operating Cash Flow | (155.8) | 13.3 | 62.7 | 343.5 | 102.0 | 3.3 | (0.4) | 20.2 |
| Investing Activities | ||||||||
| Capital Expenditure | (172.4) | (186.4) | (261.9) | (326.6) | (123.9) | (22.4) | (2.3) | (7.8) |
| Acquisitions | 0 | 0 | (9.7) | 0 | 0.1 | 0 | 7.9 | 0 |
| Purchases of Investments | (1,819.0) | (1,568.0) | (1,195.2) | (2,779.7) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 1,747.4 | 1,764.4 | 1,522.9 | 1,744.2 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 37.9 | 0.1 | 12.5 | 5.1 | 4.4 | 0 | 0 | 1.9 |
| Investing Cash Flow | (206.0) | 10.1 | 68.7 | (1,357.0) | (119.4) | (22.4) | 5.6 | (5.9) |
| Financing Activities | ||||||||
| Net Debt Issuance | 51.6 | 316.4 | (2.7) | (5.8) | 687.6 | 18.6 | (4.1) | 0 |
| Stock Repurchased | 0 | (225.1) | (7.2) | (18.4) | (3.3) | (1.0) | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (10.9) | (96.1) | 0 | 0 | (18.1) | 504.3 | 0 | (30.7) |
| Financing Cash Flow | 1,245.6 | (4.8) | (9.9) | (24.2) | 666.1 | 522.0 | (4.1) | (30.7) |
| Cash Position | ||||||||
| Net Change in Cash | 883.8 | 18.6 | 121.5 | (1,037.6) | 648.7 | 502.9 | 1.1 | (16.4) |
| Cash at Beginning | 283.6 | 265.0 | 143.5 | 1,181.2 | 532.4 | 29.6 | 28.5 | 44.9 |
| Cash at End | 1,167.4 | 283.6 | 265.0 | 143.5 | 1,181.2 | 532.4 | 29.6 | 28.5 |
| Free Cash Flow | (328.1) | (173.1) | (199.2) | 16.9 | (21.9) | (19.1) | (2.7) | 12.4 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 275.5 | 203.9 | 253.4 | 527.5 | 332.0 | 134.3 | 73.4 | 67.4 |
| Gross Profit | (6.6) | (66.8) | 105.0 | 416.9 | 231.3 | 63.6 | 5.6 | 10.1 |
| Operating Income | (122.8) | (169.4) | (17.7) | 327.4 | 165.3 | (34.7) | (7.6) | (8.9) |
| Net Income | (85.9) | (65.4) | 24.3 | 289.0 | 135.0 | (21.8) | (6.8) | (13.5) |
| EPS (Diluted) | -0.50 | -0.57 | 0.14 | 1.52 | 0.73 | -0.27 | -0.10 | -0.20 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 1,166.0 | 282.4 | 263.4 | 136.6 | 1,179.3 | 519.7 | 2.8 | 2.8 |
| Total Assets | 4,009.9 | 2,333.6 | 2,336.5 | 2,237.8 | 1,889.7 | 1,074.3 | 101.8 | 96.3 |
| Total Debt | 1,043.1 | 914.5 | 688.8 | 678.5 | 691.8 | 70.8 | 18.7 | 20.9 |
| Stockholders' Equity | 2,392.4 | 1,054.9 | 1,365.8 | 1,312.6 | 1,008.7 | 853.9 | (18.0) | (11.3) |
| Cash Flow | ||||||||
| Operating Cash Flow | (155.8) | 13.3 | 62.7 | 343.5 | 102.0 | 3.3 | (0.4) | 20.2 |
| Capital Expenditure | (172.4) | (186.4) | (261.9) | (326.6) | (123.9) | (22.4) | (2.3) | (7.8) |
| Free Cash Flow | (328.1) | (173.1) | (199.2) | 16.9 | (21.9) | (19.1) | (2.7) | 12.4 |