SUBURBAN PROPANE PARTNERS LP (SPH) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SPH - US8644821048
19.55 USD
+0.24 (+1.24%)
19.55 USD
0 (0%)
Taking everything into account, SPH scores 5 out of 10 in our fundamental rating. SPH was compared to 14 industry peers in the Gas Utilities industry. SPH has a medium profitability rating, but doesn't score so well on its financial health evaluation. SPH scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year SPH was profitable.
SPH had a positive operating cash flow in the past year.
SPH had positive earnings in each of the past 5 years.
Of the past 5 years SPH 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of SPH (4.20%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 15.03%, SPH belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
SPH has a better Return On Invested Capital (7.67%) than 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.2% | ||
| ROE | 15.03% | ||
| ROIC | 7.67% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
SPH has a worse Profit Margin (6.79%) than 78.57% of its industry peers.
In the last couple of years the Profit Margin of SPH has grown nicely.
SPH has a Operating Margin of 14.02%. This is in the lower half of the industry: SPH underperforms 78.57% of its industry peers.
In the last couple of years the Operating Margin of SPH has grown nicely.
With a Gross Margin value of 59.87%, SPH perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Gross Margin of SPH has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.02% | ||
| PM (TTM) | 6.79% | ||
| GM | 59.87% |
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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SPH is creating some value.
There is no outstanding debt for SPH. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
SPH has a debt to FCF ratio of 11.75. This is a negative value and a sign of low solvency as SPH would need 11.75 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 11.75, SPH belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
SPH has a Debt/Equity ratio of 1.90. This is a high value indicating a heavy dependency on external financing.
Looking at the Debt to Equity ratio, with a value of 1.90, SPH is doing worse than 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.9 | ||
| Debt/FCF | 11.75 | ||
| Altman-Z | N/A |
ROIC/WACC1.13
WACC6.81%
2.3 Liquidity
SPH has a Current Ratio of 0.70. 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 has a Current ratio (0.70) which is in line with its industry peers.
SPH has a Quick Ratio of 0.70. This is a bad value and indicates that SPH is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.46, SPH is in line with its industry, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.46 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 43.86% over the past year.
The Earnings Per Share has been growing by 11.07% on average over the past years. This is quite good.
Looking at the last year, SPH shows a small growth in Revenue. The Revenue has grown by 7.94% in the last year.
SPH shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.27% yearly.
EPS 1Y (TTM)43.86%
EPS 3Y-9.33%
EPS 5Y11.07%
EPS Q2Q%23.19%
Revenue 1Y (TTM)7.94%
Revenue growth 3Y-1.56%
Revenue growth 5Y5.27%
Sales Q2Q%-12.26%
3.2 Future
The Earnings Per Share is expected to grow by 7.01% on average over the next years.
The Revenue is expected to grow by 0.41% on average over the next years.
EPS Next Y9.93%
EPS Next 2Y7.89%
EPS Next 3Y7.01%
EPS Next 5YN/A
Revenue Next Year-0.34%
Revenue Next 2Y0.41%
Revenue Next 3Y0.41%
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 11.92, which indicates a very decent valuation of SPH.
85.71% of the companies in the same industry are more expensive than SPH, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 26.31. SPH is valued rather cheaply when compared to this.
SPH is valuated reasonably with a Price/Forward Earnings ratio of 10.84.
92.86% of the companies in the same industry are more expensive than SPH, based on the Price/Forward Earnings ratio.
SPH's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 36.59.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.92 | ||
| Fwd PE | 10.84 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SPH indicates a somewhat cheap valuation: SPH is cheaper than 71.43% of the companies listed in the same industry.
92.86% of the companies in the same industry are more expensive than SPH, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.27 | ||
| EV/EBITDA | 9.22 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.2
PEG (5Y)1.08
EPS Next 2Y7.89%
EPS Next 3Y7.01%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.73%, SPH is a good candidate for dividend investing.
SPH's Dividend Yield is rather good when compared to the industry average which is at 3.72. SPH pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, SPH pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.73% |
5.2 History
The dividend of SPH decreases each year by -11.53%.
SPH has been paying a dividend for at least 10 years, so it has a reliable track record.
SPH has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)-11.53%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
SPH pays out 86.21% of its income as dividend. This is not a sustainable payout ratio.
DP86.21%
EPS Next 2Y7.89%
EPS Next 3Y7.01%
19.55
+0.24 (+1.24%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners41.5%
Inst Owner Change2.13%
Ins Owners2.72%
Ins Owner Change5.06%
Market Cap1.28B
Revenue(TTM)1.43B
Net Income(TTM)97.12M
Analysts48.89
Price Target17.34 (-11.3%)
Short Float %0.93%
Short Ratio4.85
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.73% |
Yearly Dividend1.3
Dividend Growth(5Y)-11.53%
DP86.21%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-12.24%
Min EPS beat(2)-19.85%
Max EPS beat(2)-4.62%
EPS beat(4)0
Avg EPS beat(4)-31.07%
Min EPS beat(4)-56%
Max EPS beat(4)-4.62%
EPS beat(8)1
Avg EPS beat(8)-25.44%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)0.79%
Min Revenue beat(2)-4.6%
Max Revenue beat(2)6.18%
Revenue beat(4)1
Avg Revenue beat(4)-2.73%
Min Revenue beat(4)-11.34%
Max Revenue beat(4)6.18%
Revenue beat(8)1
Avg Revenue beat(8)-3.49%
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)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.92 | ||
| Fwd PE | 10.84 | ||
| P/S | 0.9 | ||
| P/FCF | 12.27 | ||
| P/OCF | 7.06 | ||
| P/B | 1.98 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.22 |
EPS(TTM)1.64
EY8.39%
EPS(NY)1.8
Fwd EY9.22%
FCF(TTM)1.59
FCFY8.15%
OCF(TTM)2.77
OCFY14.16%
SpS21.84
BVpS9.87
TBVpS-9.16
PEG (NY)1.2
PEG (5Y)1.08
Graham Number19.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.2% | ||
| ROE | 15.03% | ||
| ROCE | 9.72% | ||
| ROIC | 7.67% | ||
| ROICexc | 7.68% | ||
| ROICexgc | 19.39% | ||
| OM | 14.02% | ||
| PM (TTM) | 6.79% | ||
| GM | 59.87% | ||
| FCFM | 7.3% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
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 Turnover0.62
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.9 | ||
| Debt/FCF | 11.75 | ||
| Debt/EBITDA | 4.51 | ||
| Cap/Depr | 108.43% | ||
| Cap/Sales | 5.38% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 66.76% | ||
| Profit Quality | 107.41% | ||
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.46 | ||
| Altman-Z | N/A |
F-Score6
WACC6.81%
ROIC/WACC1.13
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)43.86%
EPS 3Y-9.33%
EPS 5Y11.07%
EPS Q2Q%23.19%
EPS Next Y9.93%
EPS Next 2Y7.89%
EPS Next 3Y7.01%
EPS Next 5YN/A
Revenue 1Y (TTM)7.94%
Revenue growth 3Y-1.56%
Revenue growth 5Y5.27%
Sales Q2Q%-12.26%
Revenue Next Year-0.34%
Revenue Next 2Y0.41%
Revenue Next 3Y0.41%
Revenue Next 5YN/A
EBIT growth 1Y1.38%
EBIT growth 3Y0%
EBIT growth 5Y8.02%
EBIT Next Year37.98%
EBIT Next 3Y11.97%
EBIT Next 5Y10.22%
FCF growth 1Y-19.59%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-0.24%
OCF growth 3YN/A
OCF growth 5YN/A
SUBURBAN PROPANE PARTNERS LP / SPH FAQ
What is the fundamental rating for SPH stock?
ChartMill assigns a fundamental rating of 5 / 10 to SPH.
Can you provide the valuation status for SUBURBAN PROPANE PARTNERS LP?
ChartMill assigns a valuation rating of 7 / 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 5 / 10.
What is the financial health of SUBURBAN PROPANE PARTNERS LP (SPH) stock?
The financial health rating of SUBURBAN PROPANE PARTNERS LP (SPH) is 3 / 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 9.93% in the next year.