SUBURBAN PROPANE PARTNERS LP (SPH) Fundamental Analysis & Valuation

NYSE:SPH • US8644821048

Current stock price

19.69 USD
-0.52 (-2.57%)
At close:
19.69 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

  • In the past year SPH was profitable.
  • In the past year SPH had a positive cash flow from operations.
  • SPH had positive earnings in each of the past 5 years.
  • 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

  • Looking at the Return On Assets, with a value of 5.55%, SPH belongs to the top of the industry, outperforming 86.67% of the companies in the same industry.
  • SPH's Return On Equity of 21.23% is amongst the best of the industry. SPH outperforms 100.00% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 8.00%, SPH is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for SPH is in line with the industry average of 6.14%.
  • 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

  • Looking at the Profit Margin, with a value of 9.30%, SPH is doing worse than 73.33% of the companies in the same industry.
  • In the last couple of years the Profit Margin of SPH has grown nicely.
  • SPH has a Operating Margin of 15.03%. This is amonst the worse of the industry: SPH underperforms 86.67% of its industry peers.
  • SPH's Operating Margin has improved in the last couple of years.
  • The Gross Margin of SPH (61.71%) is comparable to the rest of the 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

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SPH is creating some value.
  • Compared to 1 year ago, SPH has more shares outstanding
  • Compared to 5 years ago, SPH has more shares outstanding
  • 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

  • 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 has a better Debt to FCF ratio (21.37) than 73.33% of its industry peers.
  • A Debt/Equity ratio of 2.11 is on the high side and indicates that SPH has dependencies on debt financing.
  • SPH's Debt to Equity ratio of 2.11 is on the low side compared to the rest of the industry. SPH is outperformed by 86.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 2.11
Debt/FCF 21.37
Altman-Z N/A
ROIC/WACC1.14
WACC6.99%
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

  • SPH has a Current 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 Current ratio (0.87) 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.
  • The Quick ratio of SPH (0.61) is better than 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.
  • 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

  • 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.
  • The Revenue is expected to grow by 0.63% on average over the next years.
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 9.70 indicates a reasonable valuation of SPH.
  • Based on the Price/Earnings ratio, SPH is valued cheaper than 86.67% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.35, SPH is valued rather cheaply.
  • A Price/Forward Earnings ratio of 10.71 indicates a reasonable valuation of SPH.
  • SPH's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SPH is cheaper than 80.00% of the companies in the same industry.
  • SPH is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.61, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 9.7
Fwd PE 10.71
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.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SPH indicates a rather cheap valuation: SPH is cheaper than 86.67% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 21.1
EV/EBITDA 9.28
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.
  • The decent profitability rating of SPH may justify a higher PE ratio.
PEG (NY)0.8
PEG (5Y)0.88
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

  • With a Yearly Dividend Yield of 6.34%, SPH is a good candidate for dividend investing.
  • SPH's Dividend Yield is rather good when compared to the industry average which is at 3.67. SPH pays more dividend than 100.00% of the companies in the same industry.
  • SPH's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 6.34%

5.2 History

  • The dividend of SPH decreases each year by -9.23%.
  • 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)-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

  • 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%
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

More info and screens

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SPH Fundamentals: All Metrics, Ratios and Statistics

SUBURBAN PROPANE PARTNERS LP

NYSE:SPH (3/31/2026, 7:10:28 PM)

After market: 19.69 0 (0%)

19.69

-0.52 (-2.57%)

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 Cap1.31B
Revenue(TTM)1.43B
Net Income(TTM)132.93M
Analysts48.89
Price Target17.34 (-11.93%)
Short Float %0.74%
Short Ratio3.49
Dividend
Industry RankSector Rank
Dividend Yield 6.34%
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)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE 9.7
Fwd PE 10.71
P/S 0.91
P/FCF 21.1
P/OCF 10.06
P/B 2.09
P/tB N/A
EV/EBITDA 9.28
EPS(TTM)2.03
EY10.31%
EPS(NY)1.84
Fwd EY9.34%
FCF(TTM)0.93
FCFY4.74%
OCF(TTM)1.96
OCFY9.94%
SpS21.55
BVpS9.44
TBVpS-9.49
PEG (NY)0.8
PEG (5Y)0.88
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
WACC6.99%
ROIC/WACC1.14
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 for SPH stock?

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


Can you provide the profitability details for SUBURBAN PROPANE PARTNERS LP?

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


Can you provide the PE and PB ratios for SPH stock?

The Price/Earnings (PE) ratio for SUBURBAN PROPANE PARTNERS LP (SPH) is 9.7 and the Price/Book (PB) ratio is 2.09.


How financially healthy is SUBURBAN PROPANE PARTNERS LP?

The financial health rating of SUBURBAN PROPANE PARTNERS LP (SPH) is 3 / 10.