SUBURBAN PROPANE PARTNERS LP (SPH) Stock Fundamental Analysis
NYSE:SPH • US8644821048
20.3 USD
-0.09 (-0.44%)
Last: Feb 27, 2026, 08:04 PM
SPH gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 15 industry peers in the Gas Utilities industry. There are concerns on the financial health of SPH while its profitability can be described as average. SPH scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
- SPH had positive earnings in the past year.
- In the past year SPH had a positive cash flow from operations.
- In the past 5 years SPH has always been profitable.
- SPH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- SPH has a better Return On Assets (5.55%) than 86.67% of its industry peers.
- SPH has a better Return On Equity (21.23%) than 100.00% of its industry peers.
- SPH has a Return On Invested Capital of 8.00%. This is in the better half of the industry: SPH outperforms 80.00% of its industry peers.
- SPH had an Average Return On Invested Capital over the past 3 years of 7.79%. This is in line with the industry average of 6.15%.
- The last Return On Invested Capital (8.00%) for SPH is above the 3 year average (7.79%), which is a sign of increasing profitability.
| Industry Rank | Sector 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%
1.3 Margins
- SPH's Profit Margin of 9.30% is on the low side compared to the rest of the industry. SPH is outperformed by 66.67% of its industry peers.
- In the last couple of years the Profit Margin of SPH has grown nicely.
- With a Operating Margin value of 15.03%, SPH is not doing good in the industry: 73.33% of the companies in the same industry are doing better.
- 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 Rank | Sector 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%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SPH is still creating some value.
- Compared to 1 year ago, SPH has more shares outstanding
- SPH has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for SPH has been reduced compared to a year ago.
2.2 Solvency
- The Debt to FCF ratio of SPH is 21.37, which is on the high side as it means it would take SPH, 21.37 years of fcf income to pay off all of its debts.
- SPH's Debt to FCF ratio of 21.37 is fine compared to the rest of the industry. SPH outperforms 73.33% of its industry peers.
- SPH has a Debt/Equity ratio of 2.11. This is a high value indicating a heavy dependency on external financing.
- SPH has a worse Debt to Equity ratio (2.11) than 86.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.11 | ||
| Debt/FCF | 21.37 | ||
| Altman-Z | N/A |
ROIC/WACC1.17
WACC6.84%
2.3 Liquidity
- A Current Ratio of 0.87 indicates that SPH may have some problems paying its short term obligations.
- SPH's Current ratio of 0.87 is fine compared to the rest of the industry. SPH outperforms 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 has a better Quick ratio (0.61) than 73.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.87 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
- SPH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 91.51%, which is quite impressive.
- SPH shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.07% yearly.
- Looking at the last year, SPH shows a small growth in Revenue. The Revenue has grown by 7.11% in the last 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
- The Earnings Per Share is expected to grow by 5.19% on average over the next years.
- SPH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.63% yearly.
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
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 10.00, the valuation of SPH can be described as very reasonable.
- SPH's Price/Earnings ratio is rather cheap when compared to the industry. SPH is cheaper than 86.67% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 27.10, SPH is valued rather cheaply.
- Based on the Price/Forward Earnings ratio of 11.04, the valuation of SPH can be described as reasonable.
- Based on the Price/Forward Earnings ratio, SPH is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
- The average S&P500 Price/Forward Earnings ratio is at 28.06. SPH is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10 | ||
| Fwd PE | 11.04 |
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.
- Based on the Price/Free Cash Flow ratio, SPH is valued cheaply inside the industry as 86.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.76 | ||
| EV/EBITDA | 9.33 |
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)0.9
EPS Next 2Y5.87%
EPS Next 3Y5.19%
5. Dividend
5.1 Amount
- SPH has a Yearly Dividend Yield of 6.36%, which is a nice return.
- Compared to an average industry Dividend Yield of 3.63, SPH pays a better dividend. On top of this SPH pays more dividend than 100.00% of the companies listed in the same industry.
- SPH's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.36% |
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
5.3 Sustainability
- SPH pays out 63.76% of its income as dividend. This is not a sustainable payout ratio.
DP63.76%
EPS Next 2Y5.87%
EPS Next 3Y5.19%
NYSE:SPH (2/27/2026, 8:04:00 PM)
20.3
-0.09 (-0.44%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)02-05 2026-02-05/bmo
Earnings (Next)05-06 2026-05-06
Inst Owners42%
Inst Owner Change3.37%
Ins Owners2.36%
Ins Owner Change5%
Market Cap1.35B
Revenue(TTM)1.43B
Net Income(TTM)132.93M
Analysts48.89
Price Target17.34 (-14.58%)
Short Float %0.81%
Short Ratio3.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.36% |
Yearly Dividend1.3
Dividend Growth(5Y)-9.23%
DP63.76%
Div Incr Years0
Div Non Decr Years3
Ex-Date02-03 2026-02-03 (0.325)
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)-5.88%
EPS NY rev (1m)0%
EPS NY rev (3m)1.96%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10 | ||
| Fwd PE | 11.04 | ||
| P/S | 0.94 | ||
| P/FCF | 21.76 | ||
| P/OCF | 10.37 | ||
| P/B | 2.15 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.33 |
EPS(TTM)2.03
EY10%
EPS(NY)1.84
Fwd EY9.06%
FCF(TTM)0.93
FCFY4.6%
OCF(TTM)1.96
OCFY9.64%
SpS21.55
BVpS9.44
TBVpS-9.49
PEG (NY)0.83
PEG (5Y)0.9
Graham Number20.77
Profitability
| Industry Rank | Sector 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 Rank | Sector 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
WACC6.84%
ROIC/WACC1.17
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 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%.