SUBURBAN PROPANE PARTNERS LP (SPH) Fundamental Analysis & Valuation

NYSE:SPH • US8644821048

Current stock price

20.44 USD
-0.09 (-0.44%)
At close:
20.44 USD
0 (0%)
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This SPH fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. SPH Profitability Analysis

1.1 Basic Checks

  • SPH had positive earnings in the past year.
  • In the past year SPH had a positive cash flow from operations.
  • Each year in the past 5 years SPH has been profitable.
  • In the past 5 years SPH always reported a positive cash flow from operatings.
SPH Yearly Net Income VS EBIT VS OCF VS FCFSPH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M

1.2 Ratios

  • With an excellent Return On Assets value of 5.55%, SPH belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
  • With an excellent Return On Equity value of 21.23%, SPH belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
  • SPH has a better Return On Invested Capital (8.00%) than 80.00% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for SPH is in line with the industry average of 6.13%.
  • The 3 year average ROIC (7.79%) for SPH is below the current ROIC(8.00%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.55%
ROE 21.23%
ROIC 8%
ROA(3y)4.45%
ROA(5y)5.2%
ROE(3y)18%
ROE(5y)22.19%
ROIC(3y)7.79%
ROIC(5y)8.4%
SPH Yearly ROA, ROE, ROICSPH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

  • SPH has a worse Profit Margin (9.30%) than 73.33% of its industry peers.
  • SPH's Profit Margin has improved in the last couple of years.
  • The Operating Margin of SPH (15.03%) is worse than 86.67% of its industry peers.
  • In the last couple of years the Operating Margin of SPH has grown nicely.
  • With a Gross Margin value of 61.71%, SPH perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
  • In the last couple of years the Gross Margin of SPH has declined.
Industry RankSector Rank
OM 15.03%
PM (TTM) 9.3%
GM 61.71%
OM growth 3Y1.58%
OM growth 5Y2.61%
PM growth 3Y-7.18%
PM growth 5Y6.27%
GM growth 3Y4.88%
GM growth 5Y-1.51%
SPH Yearly Profit, Operating, Gross MarginsSPH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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3

2. SPH Health Analysis

2.1 Basic Checks

  • SPH has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for SPH has been increased compared to 1 year ago.
  • SPH has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, SPH has an improved debt to assets ratio.
SPH Yearly Shares OutstandingSPH Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
SPH Yearly Total Debt VS Total AssetsSPH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • SPH has a debt to FCF ratio of 21.37. This is a negative value and a sign of low solvency as SPH would need 21.37 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 21.37, SPH is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
  • A Debt/Equity ratio of 2.11 is on the high side and indicates that SPH has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 2.11, SPH is doing worse than 86.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 2.11
Debt/FCF 21.37
Altman-Z N/A
ROIC/WACC1.15
WACC6.95%
SPH Yearly LT Debt VS Equity VS FCFSPH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

2.3 Liquidity

  • A Current Ratio of 0.87 indicates that SPH may have some problems paying its short term obligations.
  • The Current ratio of SPH (0.87) is better than 80.00% of its industry peers.
  • SPH has a Quick Ratio of 0.87. This is a bad value and indicates that SPH is not financially healthy enough and could expect problems in meeting its short term obligations.
  • SPH's Quick ratio of 0.61 is fine compared to the rest of the industry. SPH outperforms 73.33% of its industry peers.
Industry RankSector Rank
Current Ratio 0.87
Quick Ratio 0.61
SPH Yearly Current Assets VS Current LiabilitesSPH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. SPH Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 91.51% over the past year.
  • The Earnings Per Share has been growing by 11.07% on average over the past years. This is quite good.
  • The Revenue has been growing slightly by 7.11% in the past year.
  • Measured over the past years, SPH shows a small growth in Revenue. The Revenue has been growing by 5.27% on average per year.
EPS 1Y (TTM)91.51%
EPS 3Y-9.33%
EPS 5Y11.07%
EPS Q2Q%130%
Revenue 1Y (TTM)7.11%
Revenue growth 3Y-1.56%
Revenue growth 5Y5.27%
Sales Q2Q%-0.79%

3.2 Future

  • Based on estimates for the next years, SPH will show a small growth in Earnings Per Share. The EPS will grow by 5.19% on average per year.
  • Based on estimates for the next years, SPH will show a small growth in Revenue. The Revenue will grow by 0.63% on average per year.
EPS Next Y12.09%
EPS Next 2Y5.87%
EPS Next 3Y5.19%
EPS Next 5YN/A
Revenue Next Year-0.75%
Revenue Next 2Y0.44%
Revenue Next 3Y0.63%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
SPH Yearly Revenue VS EstimatesSPH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
SPH Yearly EPS VS EstimatesSPH Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.5 1 1.5 2

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8

4. SPH Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 10.07 indicates a reasonable valuation of SPH.
  • Based on the Price/Earnings ratio, SPH is valued cheaply inside the industry as 86.67% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 25.79. SPH is valued rather cheaply when compared to this.
  • With a Price/Forward Earnings ratio of 11.12, the valuation of SPH can be described as very reasonable.
  • Based on the Price/Forward Earnings ratio, SPH is valued a bit cheaper than the industry average as 73.33% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 23.80. SPH is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 10.07
Fwd PE 11.12
SPH Price Earnings VS Forward Price EarningsSPH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • SPH's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SPH is cheaper than 66.67% of the companies in the same industry.
  • 86.67% of the companies in the same industry are more expensive than SPH, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 21.91
EV/EBITDA 9.34
SPH Per share dataSPH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

  • SPH's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • SPH has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.83
PEG (5Y)0.91
EPS Next 2Y5.87%
EPS Next 3Y5.19%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. SPH Dividend Analysis

5.1 Amount

  • SPH has a Yearly Dividend Yield of 6.30%, which is a nice return.
  • Compared to an average industry Dividend Yield of 3.59, SPH pays a better dividend. On top of this SPH pays more dividend than 100.00% of the companies listed in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.91, SPH pays a better dividend.
Industry RankSector Rank
Dividend Yield 6.3%

5.2 History

  • The dividend of SPH decreases each year by -9.23%.
  • SPH has paid a dividend for at least 10 years, which is a reliable track record.
  • SPH has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-9.23%
Div Incr Years0
Div Non Decr Years3
SPH Yearly Dividends per shareSPH Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • 63.76% of the earnings are spent on dividend by SPH. This is not a sustainable payout ratio.
DP63.76%
EPS Next 2Y5.87%
EPS Next 3Y5.19%
SPH Yearly Income VS Free CF VS DividendSPH Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
SPH Dividend Payout.SPH Dividend Payout, showing the Payout Ratio.SPH Dividend Payout.PayoutRetained Earnings

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SPH Fundamentals: All Metrics, Ratios and Statistics

SUBURBAN PROPANE PARTNERS LP

NYSE:SPH (3/18/2026, 8:04:00 PM)

After market: 20.44 0 (0%)

20.44

-0.09 (-0.44%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)02-05
Earnings (Next)05-06
Inst Owners43.02%
Inst Owner Change3.45%
Ins Owners2.35%
Ins Owner Change5%
Market Cap1.36B
Revenue(TTM)1.43B
Net Income(TTM)132.93M
Analysts48.89
Price Target17.34 (-15.17%)
Short Float %0.63%
Short Ratio2.84
Dividend
Industry RankSector Rank
Dividend Yield 6.3%
Yearly Dividend1.3
Dividend Growth(5Y)-9.23%
DP63.76%
Div Incr Years0
Div Non Decr Years3
Ex-Date02-03
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.26%
Min EPS beat(2)-3.78%
Max EPS beat(2)6.29%
EPS beat(4)1
Avg EPS beat(4)-5.49%
Min EPS beat(4)-19.85%
Max EPS beat(4)6.29%
EPS beat(8)1
Avg EPS beat(8)-23.62%
EPS beat(12)3
Avg EPS beat(12)-17.59%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-13.3%
Min Revenue beat(2)-20.15%
Max Revenue beat(2)-6.45%
Revenue beat(4)1
Avg Revenue beat(4)-6.26%
Min Revenue beat(4)-20.15%
Max Revenue beat(4)6.18%
Revenue beat(8)1
Avg Revenue beat(8)-6.25%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)1.96%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.41%
Valuation
Industry RankSector Rank
PE 10.07
Fwd PE 11.12
P/S 0.95
P/FCF 21.91
P/OCF 10.44
P/B 2.17
P/tB N/A
EV/EBITDA 9.34
EPS(TTM)2.03
EY9.93%
EPS(NY)1.84
Fwd EY8.99%
FCF(TTM)0.93
FCFY4.56%
OCF(TTM)1.96
OCFY9.57%
SpS21.55
BVpS9.44
TBVpS-9.49
PEG (NY)0.83
PEG (5Y)0.91
Graham Number20.77
Profitability
Industry RankSector Rank
ROA 5.55%
ROE 21.23%
ROCE 10.12%
ROIC 8%
ROICexc 8%
ROICexgc 19.6%
OM 15.03%
PM (TTM) 9.3%
GM 61.71%
FCFM 4.33%
ROA(3y)4.45%
ROA(5y)5.2%
ROE(3y)18%
ROE(5y)22.19%
ROIC(3y)7.79%
ROIC(5y)8.4%
ROICexc(3y)7.8%
ROICexc(5y)8.41%
ROICexgc(3y)20.82%
ROICexgc(5y)23.09%
ROCE(3y)9.87%
ROCE(5y)10.63%
ROICexgc growth 3Y-5.19%
ROICexgc growth 5Y3.69%
ROICexc growth 3Y-3.46%
ROICexc growth 5Y5.84%
OM growth 3Y1.58%
OM growth 5Y2.61%
PM growth 3Y-7.18%
PM growth 5Y6.27%
GM growth 3Y4.88%
GM growth 5Y-1.51%
F-Score6
Asset Turnover0.6
Health
Industry RankSector Rank
Debt/Equity 2.11
Debt/FCF 21.37
Debt/EBITDA 4.61
Cap/Depr 94.59%
Cap/Sales 4.75%
Interest Coverage 250
Cash Conversion 45.28%
Profit Quality 46.56%
Current Ratio 0.87
Quick Ratio 0.61
Altman-Z N/A
F-Score6
WACC6.95%
ROIC/WACC1.15
Cap/Depr(3y)86.81%
Cap/Depr(5y)72.91%
Cap/Sales(3y)4.22%
Cap/Sales(5y)3.58%
Profit Quality(3y)129.77%
Profit Quality(5y)135.11%
High Growth Momentum
Growth
EPS 1Y (TTM)91.51%
EPS 3Y-9.33%
EPS 5Y11.07%
EPS Q2Q%130%
EPS Next Y12.09%
EPS Next 2Y5.87%
EPS Next 3Y5.19%
EPS Next 5YN/A
Revenue 1Y (TTM)7.11%
Revenue growth 3Y-1.56%
Revenue growth 5Y5.27%
Sales Q2Q%-0.79%
Revenue Next Year-0.75%
Revenue Next 2Y0.44%
Revenue Next 3Y0.63%
Revenue Next 5YN/A
EBIT growth 1Y18.36%
EBIT growth 3Y0%
EBIT growth 5Y8.02%
EBIT Next Year39.19%
EBIT Next 3Y12.1%
EBIT Next 5Y10.22%
FCF growth 1Y-61.53%
FCF growth 3Y-13.42%
FCF growth 5Y-8.37%
OCF growth 1Y-37.04%
OCF growth 3Y-5.47%
OCF growth 5Y-2.32%

SUBURBAN PROPANE PARTNERS LP / SPH Fundamental Analysis FAQ

What is the fundamental rating for SPH stock?

ChartMill assigns a fundamental rating of 5 / 10 to SPH.


What is the valuation status of SUBURBAN PROPANE PARTNERS LP (SPH) stock?

ChartMill assigns a valuation rating of 8 / 10 to SUBURBAN PROPANE PARTNERS LP (SPH). This can be considered as Undervalued.


How profitable is SUBURBAN PROPANE PARTNERS LP (SPH) stock?

SUBURBAN PROPANE PARTNERS LP (SPH) has a profitability rating of 6 / 10.


What is the earnings growth outlook for SUBURBAN PROPANE PARTNERS LP?

The Earnings per Share (EPS) of SUBURBAN PROPANE PARTNERS LP (SPH) is expected to grow by 12.09% in the next year.


How sustainable is the dividend of SUBURBAN PROPANE PARTNERS LP (SPH) stock?

The dividend rating of SUBURBAN PROPANE PARTNERS LP (SPH) is 6 / 10 and the dividend payout ratio is 63.76%.