Murphy USA: Undervalued by 9% Amid Strong Long-Term Growth

Murphy USA's shares have declined 20% YTD and 9% in the last year, despite strong long-term growth. The company's most closely watched narrative pegs its fair value at $431.71, around 9% above the current share price, driven by a robust pipeline of new fuel convenience sites in high-growth markets. However, persistent headwinds in fuel demand and delays in new store openings could impact future returns.