Is MRC Global Stock a Good Investment?
MRC Global Investment Advice | MRC |
- Examine MRC Global's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research MRC Global's leadership team and their track record. Good management can help MRC Global navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Trading Companies & Distributors space and any emerging trends that could impact MRC Global's business and its evolving consumer preferences.
- Compare MRC Global's performance and market position to its competitors. Analyze how MRC Global is positioned in terms of product offerings, innovation, and market share.
- Check if MRC Global pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about MRC Global's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in MRC Global stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if MRC Global is a good investment.
Sell | Buy |
Sell
Market Performance | Very Weak | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost neglects market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine MRC Global Stock
Researching MRC Global's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 96.0% of the company shares are owned by institutional investors. The book value of MRC Global was now reported as 6.05. The company had not issued any dividends in recent years. MRC Global had 1:1 split on the July 6, 2009.
To determine if MRC Global is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding MRC Global's research are outlined below:
| MRC Global generated a negative expected return over the last 90 days | |
| MRC Global is unlikely to experience financial distress in the next 2 years | |
| Over 96.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: MRC Global Inc Trading 1.86 percent Higher on Mar 19 |
MRC Global Quarterly Cash And Short Term Investments |
|
MRC Global uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in MRC Global. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to MRC Global's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 13th of February 2024 Upcoming Quarterly Report | View | |
| 13th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 13th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact MRC Global's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises MRC Global's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2021-04-27 | 2021-03-31 | -0.08 | -0.07 | 0.01 | 12 | ||
2017-08-03 | 2017-06-30 | 0.03 | 0.02 | -0.01 | 33 | ||
2022-05-09 | 2022-03-31 | 0.15 | 0.17 | 0.02 | 13 | ||
2016-05-02 | 2016-03-31 | -0.12 | -0.1 | 0.02 | 16 | ||
2024-11-05 | 2024-09-30 | 0.19 | 0.22 | 0.03 | 15 | ||
2021-11-08 | 2021-09-30 | 0.06 | 0.09 | 0.03 | 50 | ||
2019-02-14 | 2018-12-31 | 0.1 | 0.07 | -0.03 | 30 | ||
2023-11-07 | 2023-09-30 | 0.36 | 0.32 | -0.04 | 11 |
MRC Global Target Price Consensus
MRC target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. MRC Global's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 4 | Strong Buy |
Most MRC analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand MRC stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of MRC Global, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationMRC Global Target Price Projection
MRC Global's current and average target prices are 12.29 and 17.25, respectively. The current price of MRC Global is the price at which MRC Global is currently trading. On the other hand, MRC Global's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
MRC Global Market Quote on 20th of March 2025
Target Price
Analyst Consensus On MRC Global Target Price
MRC Global Analyst Ratings
MRC Global's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about MRC Global stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of MRC Global's financials, market performance, and future outlook by experienced professionals. MRC Global's historical ratings below, therefore, can serve as a valuable tool for investors.Know MRC Global's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as MRC Global is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading MRC Global backward and forwards among themselves. MRC Global's institutional investor refers to the entity that pools money to purchase MRC Global's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Goldman Sachs Group Inc | 2024-12-31 | 1.5 M | Renaissance Technologies Corp | 2024-12-31 | 1.5 M | Harvey Partners Llc | 2024-12-31 | 1.4 M | Victory Capital Management Inc. | 2024-12-31 | 1.3 M | Nuveen Asset Management, Llc | 2024-12-31 | 1.3 M | Arrowstreet Capital Limited Partnership | 2024-12-31 | 1.2 M | Charles Schwab Investment Management Inc | 2024-12-31 | 1 M | Royce & Associates, Lp | 2024-12-31 | 958 K | Northern Trust Corp | 2024-12-31 | 861.1 K | Vanguard Group Inc | 2024-12-31 | 9.4 M | Blackrock Inc | 2024-12-31 | 7 M |
MRC Global's market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 1.07 B.Market Cap |
|
MRC Global's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.06 | 0.07 | |
| Return On Capital Employed | 0.12 | 0.13 | |
| Return On Assets | 0.05 | 0.05 | |
| Return On Equity | 0.15 | 0.16 |
Determining MRC Global's profitability involves analyzing its financial statements and using various financial metrics to determine if MRC Global is a good buy. For example, gross profit margin measures MRC Global's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of MRC Global's profitability and make more informed investment decisions.
Please note, the presentation of MRC Global's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, MRC Global's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of MRC Global's management manipulating its earnings.
Evaluate MRC Global's management efficiency
MRC Global has Return on Asset of 0.0481 % which means that on every $100 spent on assets, it made $0.0481 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1148 %, implying that it generated $0.1148 on every 100 dollars invested. MRC Global's management efficiency ratios could be used to measure how well MRC Global manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Tangible Assets is expected to grow to 0.07. The current year's Return On Capital Employed is expected to grow to 0.13. At present, MRC Global's Other Assets are projected to decrease significantly based on the last few years of reporting. The current year's Other Current Assets is expected to grow to about 68.2 M, whereas Intangible Assets are forecasted to decline to about 135.8 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 6.06 | 11.43 | |
| Tangible Book Value Per Share | 1.28 | 1.34 | |
| Enterprise Value Over EBITDA | 11.82 | 14.66 | |
| Price Book Value Ratio | 2.11 | 1.77 | |
| Enterprise Value Multiple | 11.82 | 14.66 | |
| Price Fair Value | 2.11 | 1.77 | |
| Enterprise Value | 1.9 B | 1.6 B |
The strategic initiatives led by MRC Global's management are central to its market success. By analyzing these initiatives, we provide a clear picture of the stock's growth prospects.
Beta 1.967 |
Basic technical analysis of MRC Stock
As of the 20th of March, MRC Global owns the Market Risk Adjusted Performance of (0.07), mean deviation of 1.93, and Coefficient Of Variation of (2,262). In relation to fundamental indicators, the technical analysis model lets you check practical technical drivers of MRC Global, as well as the relationship between them.MRC Global's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific MRC Global insiders, such as employees or executives, is commonly permitted as long as it does not rely on MRC Global's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases MRC Global insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
MRC Global's Outstanding Corporate Bonds
MRC Global issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. MRC Global uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most MRC bonds can be classified according to their maturity, which is the date when MRC Global has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| MPT Operating Partnership Corp BondUS55342UAJ34 | View | |
| US55342UAM62 Corp BondUS55342UAM62 | View | |
| MPLX LP 4875 Corp BondUS55336VAJ98 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View | |
| Valero Energy Partners Corp BondUS91914JAA07 | View |
Understand MRC Global's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing MRC Global's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (0.07) | |||
| Mean Deviation | 1.93 | |||
| Coefficient Of Variation | (2,262) | |||
| Standard Deviation | 2.42 | |||
| Variance | 5.86 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.0873 | |||
| Treynor Ratio | (0.08) | |||
| Maximum Drawdown | 12.66 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 3.22 | |||
| Skewness | (0.52) | |||
| Kurtosis | 0.4533 |
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (0.07) | |||
| Mean Deviation | 1.93 | |||
| Coefficient Of Variation | (2,262) | |||
| Standard Deviation | 2.42 | |||
| Variance | 5.86 | |||
| Information Ratio | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | 0.0873 | |||
| Treynor Ratio | (0.08) | |||
| Maximum Drawdown | 12.66 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 3.22 | |||
| Skewness | (0.52) | |||
| Kurtosis | 0.4533 |
Consider MRC Global's intraday indicators
MRC Global intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of MRC Global stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 24308.48 | |||
| Daily Balance Of Power | (0.37) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 12.35 | |||
| Day Typical Price | 12.33 | |||
| Price Action Indicator | (0.13) | |||
| Period Momentum Indicator | (0.14) | |||
| Relative Strength Index | 41.15 |
MRC Global Corporate Filings
8K | 17th of March 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 11th of February 2025 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
| 3rd of February 2025 Other Reports | ViewVerify | |
10Q | 6th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
MRC Stock media impact
Far too much social signal, news, headlines, and media speculation about MRC Global that are available to investors today. That information is available publicly through MRC media outlets and privately through word of mouth or via MRC internal channels. However, regardless of the origin, that massive amount of MRC data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of MRC Global news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of MRC Global relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to MRC Global's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive MRC Global alpha.
MRC Global Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards MRC Global can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
MRC Global Historical Investor Sentiment
Investor biases related to MRC Global's public news can be used to forecast risks associated with an investment in MRC. The trend in average sentiment can be used to explain how an investor holding MRC can time the market purely based on public headlines and social activities around MRC Global. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
MRC Global's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for MRC Global and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average MRC Global news discussions. The higher the estimate score, the more favorable the investor's outlook on MRC Global.
MRC Global Corporate Directors
| John Perkins | Independent Director | Profile | |
| Robert Wood | Independent Director | Profile | |
| Deborah Adams | Independent Director | Profile | |
| Leonard Anthony | Independent Director | Profile |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MRC Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade MRC Stock refer to our How to Trade MRC Stock guide.You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Trading Companies & Distributors space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of MRC Global. If investors know MRC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about MRC Global listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.18) | Earnings Share 0.58 | Revenue Per Share | Quarterly Revenue Growth (0.10) | Return On Assets |
The market value of MRC Global is measured differently than its book value, which is the value of MRC that is recorded on the company's balance sheet. Investors also form their own opinion of MRC Global's value that differs from its market value or its book value, called intrinsic value, which is MRC Global's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because MRC Global's market value can be influenced by many factors that don't directly affect MRC Global's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between MRC Global's value and its price, as these two are different measures arrived at by various means. Investors typically determine if MRC Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, MRC Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.