MP Materials (NYSE:MP) - Stock Price, News & Analysis

MP Stock Overview

MP Materials Corp., together with its subsidiaries, produces rare earth materials in the Western Hemisphere.

MP fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	5/6
Past Performance	1/6
Financial Health	4/6
Dividends	0/6

Rewards

Trading at 73.3% below our estimate of its fair value

Earnings are forecast to grow 36.75% per year

Risk Analysis

High level of non-cash earnings

Profit margins (35.2%) are lower than last year (50.8%)

MP Materials Corp. Competitors

MaterionNYSE:MTRNUS$2.7b

FerroglobeNasdaqCM:GSMUS$952.2m

Idaho Strategic ResourcesNYSEAM:IDRUS$85.3m

Warrior Met CoalNYSE:HCCUS$2.9b

Price History & Performance

Summary of all time highs, changes and price drops for MP Materials
Historical stock prices
Current Share Price	US$16.21
52 Week High	US$36.67
52 Week Low	US$14.47
Beta	2.5
1 Month Change	1.06%
3 Month Change	1.06%
1 Year Change	-48.52%
3 Year Change	-62.76%
5 Year Change	n/a
Change since IPO	62.10%

Recent updates

MP Materials (NYSE:MP) Has A Somewhat Strained Balance SheetJan 23MP Materials: The Only U.S. REE Producer With Top Notch Balance Sheet Jan 17MP Materials: Rare Earth Leader With Potential Significant Upside Jan 10MP Materials: Close To Complete Its Full Integration Dec 16MP Materials: Sell Before 2024 Or Hold For Revival Of Rare Earth Hype? Nov 30MP Materials (NYSE:MP) Shareholders Will Want The ROCE Trajectory To ContinueNov 17Energy Transition And Robots - Why MP Materials Has So Much Potential Oct 17MP Materials: Approaching My Buy Zone Sep 20MP Materials: Geopolitical Wager On REE Industry Fragmentation Sep 13MP Materials: It's A Good Time To Make A Move Aug 16MP Materials: Farm To Table, Mining Edition Aug 09Some Analysts Just Cut Their MP Materials Corp. (NYSE:MP) EstimatesAug 06Investors Will Want MP Materials' (NYSE:MP) Growth In ROCE To PersistAug 02Betting On America With MP Materials Jul 06Here's Why MP Materials (NYSE:MP) Has Caught The Eye Of InvestorsJun 22MP Materials: Making Progress May 24News Flash: 10 Analysts Think MP Materials Corp. (NYSE:MP) Earnings Are Under ThreatMay 11Are MP Materials Corp. (NYSE:MP) Investors Paying Above The Intrinsic Value?Mar 27Analysts Just Shaved Their MP Materials Corp. (NYSE:MP) Forecasts DramaticallyFeb 26MP Materials, Sumitomo forge rare earth supply deal in Japan Feb 21MP Materials (NYSE:MP) Shareholders Will Want The ROCE Trajectory To ContinueJan 13Some Confidence Is Lacking In MP Materials Corp.'s (NYSE:MP) P/EDec 16MP Materials Non-GAAP EPS of $0.36 beats by $0.06, revenue of $124.45M beats by $6.73M Nov 03MP Materials Corp. (NYSE:MP) Shares Could Be 48% Below Their Intrinsic Value EstimateNov 03Sell MP Materials: It's Still Expensive Oct 21MP Materials' (NYSE:MP) Returns On Capital Are Heading HigherOct 15MP Materials: Prices For Rare Earths Are Tumbling Aug 15MP Materials: A Cash-Flow Machine With Terrific Execution Aug 09Here's Why MP Materials (NYSE:MP) Has Caught The Eye Of InvestorsAug 07MP Materials jumps 9% on move to MidCap 400 index Jul 22MP Materials: Rare Earths, Geopolitics, And The Drive To Net-Zero Jul 12MP Materials (NYSE:MP) Is Looking To Continue Growing Its Returns On CapitalJul 02Estimating The Intrinsic Value Of MP Materials Corp. (NYSE:MP)Jun 13MP Materials: Phenomenal Execution Makes The Stock A Buy May 19MP Materials: US Based Rare Earth Mining Needed Now Mar 18MP Materials (NYSE:MP) Might Have The Makings Of A Multi-BaggerMar 09MP Materials Corp.'s (NYSE:MP) Intrinsic Value Is Potentially 19% Below Its Share PriceJan 12MP Materials: Still Remains An Underrated EV Investment Jan 04

Shareholder Returns

	MP	US Metals and Mining	US Market
7D	2.1%	2.3%	-0.5%
1Y	-48.5%	-1.0%	22.3%

Return vs Industry: MP underperformed the US Metals and Mining industry which returned -1% over the past year.

Return vs Market: MP underperformed the US Market which returned 22.3% over the past year.

Price Volatility

Is MP's price volatile compared to industry and market?
MP volatility
MP Average Weekly Movement	8.1%
Metals and Mining Industry Average Movement	7.5%
Market Average Movement	6.0%
10% most volatile stocks in US Market	16.6%
10% least volatile stocks in US Market	3.1%

Stable Share Price: MP's share price has been volatile over the past 3 months.

Volatility Over Time: MP's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2017	486	James Litinsky	https://mpmaterials.com

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.

MP Materials Corp. Fundamentals Summary

How do MP Materials's earnings and revenue compare to its market cap?
MP fundamental statistics
Market cap	US$2.88b
Earnings (TTM)	US$107.57m
Revenue (TTM)	US$305.49m

26.8x

P/E Ratio

9.4x

P/S Ratio

Is MP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MP income statement (TTM)
Revenue	US$305.49m
Cost of Revenue	US$93.67m
Gross Profit	US$211.81m
Other Expenses	US$104.24m
Earnings	US$107.57m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

Feb 22, 2024

Earnings per share (EPS)	0.60
Gross Margin	69.34%
Net Profit Margin	35.21%
Debt/Equity Ratio	49.9%

How did MP perform over the long term?

See historical performance and comparison

MP Materials (NYSE:MP) - Stock Price, News & Analysis - Simply Wall St (2024)