MRC Global Inc
NYSE:MRC

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MRC Global Inc Logo
MRC Global Inc
NYSE:MRC
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Price: 12.27 USD 0.57%
Market Cap: 1B USD
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Intrinsic Value

The intrinsic value of one MRC stock under the Base Case scenario is 19.62 USD. Compared to the current market price of 12.27 USD, MRC Global Inc is Undervalued by 37%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

MRC Intrinsic Value
19.62 USD
Undervaluation 37%
Intrinsic Value
Price
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Base Case
Best Case

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MRC Global Inc

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
MRC Global Inc

Current Assets 1.1B
Cash & Short-Term Investments 49m
Receivables 481m
Other Current Assets 547m
Non-Current Assets 710m
PP&E 275m
Intangibles 417m
Other Non-Current Assets 18m
Current Liabilities 517m
Accounts Payable 378m
Accrued Liabilities 127m
Other Current Liabilities 12m
Non-Current Liabilities 392m
Long-Term Debt 152m
Other Non-Current Liabilities 240m
Efficiency

Earnings Waterfall
MRC Global Inc

Revenue
3.3B USD
Cost of Revenue
-2.6B USD
Gross Profit
675m USD
Operating Expenses
-502m USD
Operating Income
173m USD
Other Expenses
-92m USD
Net Income
81m USD

Free Cash Flow Analysis
MRC Global Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

In the second quarter, MRC Global generated $63 million in operating cash flow, part of $101 million for the first half of 2024, and is on track to exceed its $200 million annual target. Revenue rose 3% sequentially to $832 million, driven by strong Gas Utilities and PTI sectors. Adjusted gross margins hit a record 22.1%, bolstering adjusted EBITDA margins to 7.8%. While the second half is expected to slow with low-single-digit revenue declines, 2025 shows promise with anticipated rebounds in Gas Utilities, PTI, and DIET sectors. The balance sheet remains robust, with net debt down to $103 million, preparing for strategic flexibility in capital allocation.

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Fundamental Scores

MRC Profitability Score
Profitability Due Diligence

MRC Global Inc's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

ROE is Increasing
Positive 3-Years Revenue Growth
Positive Gross Profit
ROIC is Increasing
50/100
Profitability
Score

MRC Global Inc's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

MRC Solvency Score
Solvency Due Diligence

MRC Global Inc's solvency score is 52/100. The higher the solvency score, the more solvent the company is.

Low D/E
Short-Term Solvency
Long-Term Solvency
Average Altman Z-Score
52/100
Solvency
Score

MRC Global Inc's solvency score is 52/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

MRC Price Targets Summary
MRC Global Inc

Wall Street analysts forecast MRC stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MRC is 15.81 USD with a low forecast of 13.64 USD and a high forecast of 17.85 USD.

Lowest
Price Target
13.64 USD
11% Upside
Average
Price Target
15.81 USD
29% Upside
Highest
Price Target
17.85 USD
45% Upside
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Dividends

MRC Global Inc
does not pay dividends
Shareholder Yield

Current shareholder yield for MRC is .

Shareholder yield represents the total return a company provides to its shareholders, calculated as the sum of dividend yield, buyback yield, and debt paydown yield. What is shareholder yield?

Shareholder Yield
Dividend Yield
No dividends
Buyback Yield
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Debt Paydown Yield
Lowest
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Ownership

MRC Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
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12 Months
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Profile

MRC Global Inc Logo
MRC Global Inc

Country

United States of America

Industry

Trading Companies & Distributors

Market Cap

1.1B USD

Dividend Yield

0%

Description

MRC Global, Inc. is a holding company engaged in the distribution of pipes, valves, fittings, and other infrastructure products and services to the energy, industrial, and gas utility end-markets. The company is headquartered in Houston, Texas and currently employs 2,600 full-time employees. The company went IPO on 2012-04-12. The company provides supply chain solutions and digital platforms to its customers. Its geographical segments include United States, Canada, and International. The company offers a range of PVF, oilfield supply, valve automation and modification, measurement, instrumentation, and other general and specialty products from its network of over 10,000 suppliers. The company provides a range of services, such as product testing, truck stocking, volume purchasing, technical support, engineering of control packages, pressure testing, documentation services, including material test records, assembly drawings and data sheets, inventory and zone store management, and warehousing. Its distribution network extends across the world, including United States, and western Canada, as well as Europe, Asia, Australasia, and the Middle East.

Contact

TEXAS
Houston
1301 McKinney St Ste 2300
+18772947574.0
www.mrcglobal.com

IPO

2012-04-12

Employees

2 600

Officers

President, CEO & Director
Mr. Robert James Saltiel Jr.
Executive VP & CFO
Mr. Kelly Youngblood
Executive VP of Corporate Affairs, General Counsel & Corporate Secretary
Mr. Daniel J. Churay J.D.
Senior Vice President of Marketing Strategy
Mr. Rance Long
Senior Vice President of North America Operations & E-Commerce
Mr. Grant R. Bates
VP & Chief Accounting Officer
Ms. Gillian Anderson
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Vice President of Investor Relations
Ms. Monica Schafer Broughton
Senior VP & Chief Human Resources Officer
Ms. Shweta Kurvey-Mishra
Senior Vice President of Supply Chain, Quality & Technical Sales
Mr. Jack McCarthy
Senior Vice President of International Operations
Mr. Steve Smith
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See Also

Discover More
What is the Intrinsic Value of one MRC stock?

The intrinsic value of one MRC stock under the Base Case scenario is 19.62 USD.

Is MRC stock undervalued or overvalued?

Compared to the current market price of 12.27 USD, MRC Global Inc is Undervalued by 37%.

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