SUBURBAN PROPANE PARTNERS LP (SPH) Stock Fundamental Analysis
NYSE:SPH • US8644821048
20.23 USD
+0.01 (+0.05%)
Last: Feb 25, 2026, 04:18 PM
Taking everything into account, SPH scores 5 out of 10 in our fundamental rating. SPH was compared to 15 industry peers in the Gas Utilities industry. SPH has a medium profitability rating, but doesn't score so well on its financial health evaluation. A decent growth rate in combination with a cheap valuation! Better keep an eye on SPH.
1. Profitability
1.1 Basic Checks
- SPH had positive earnings in the past year.
- SPH had a positive operating cash flow in the past year.
- Each year in the past 5 years SPH has been profitable.
- SPH had a positive operating cash flow in each of the past 5 years.
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.
- The Return On Equity of SPH (21.23%) is better than 100.00% of its industry peers.
- SPH's Return On Invested Capital of 8.00% is fine compared to the rest of the industry. SPH outperforms 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 6.15%.
- The 3 year average ROIC (7.79%) for SPH is below the current ROIC(8.00%), indicating increased profibility in the last year.
| 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
- Looking at the Profit Margin, with a value of 9.30%, SPH is doing worse than 66.67% of the companies in the same industry.
- SPH's Profit Margin has improved in the last couple of years.
- SPH has a Operating Margin of 15.03%. This is in the lower half of the industry: SPH underperforms 73.33% 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.
- SPH's Gross Margin has declined in the last couple of years.
| 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SPH is creating some value.
- The number of shares outstanding for SPH has been increased compared to 1 year ago.
- Compared to 5 years ago, SPH has more shares outstanding
- The debt/assets ratio for SPH has been reduced compared to a year ago.
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.
- With a decent Debt to FCF ratio value of 21.37, SPH is doing good in 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.
- With a Debt to Equity ratio value of 2.11, SPH is not doing good in the industry: 86.67% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.11 | ||
| Debt/FCF | 21.37 | ||
| Altman-Z | N/A |
ROIC/WACC1.17
WACC6.85%
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.
- With a decent Current ratio value of 0.87, SPH is doing good in the industry, outperforming 80.00% of the companies in the same industry.
- A Quick Ratio of 0.61 indicates that SPH may have some problems paying 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.
- Measured over the past years, SPH shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.07% on average per year.
- Looking at the last year, SPH shows a small growth in Revenue. The Revenue has grown by 7.11% in the last year.
- The Revenue has been growing slightly by 5.27% on average over the past years.
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
- SPH is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.19% yearly.
- 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
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- 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
- SPH is valuated reasonably with a Price/Earnings ratio of 9.97.
- Compared to the rest of the industry, the Price/Earnings ratio of SPH indicates a rather cheap valuation: SPH is cheaper than 86.67% of the companies listed in the same industry.
- The average S&P500 Price/Earnings ratio is at 26.98. SPH is valued rather cheaply when compared to this.
- SPH is valuated reasonably with a Price/Forward Earnings ratio of 11.01.
- Based on the Price/Forward Earnings ratio, SPH is valued a bit cheaper than 80.00% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 28.01, SPH is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 9.97 | ||
| Fwd PE | 11.01 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, SPH is valued a bit cheaper than 66.67% of the companies in the same industry.
- SPH's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SPH is cheaper than 86.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 21.68 | ||
| EV/EBITDA | 9.29 |
4.3 Compensation for Growth
- The 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)0.82
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.
- SPH's Dividend Yield is rather good when compared to the industry average which is at 3.63. SPH pays more dividend than 100.00% of the companies in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.81, SPH pays a better dividend.
| 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 (2/25/2026, 4:18:31 PM)
20.23
+0.01 (+0.05%)
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 Cap1.34B
Revenue(TTM)1.43B
Net Income(TTM)132.93M
Analysts48.89
Price Target17.34 (-14.29%)
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 | 9.97 | ||
| Fwd PE | 11.01 | ||
| P/S | 0.94 | ||
| P/FCF | 21.68 | ||
| P/OCF | 10.34 | ||
| P/B | 2.14 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.29 |
EPS(TTM)2.03
EY10.03%
EPS(NY)1.84
Fwd EY9.09%
FCF(TTM)0.93
FCFY4.61%
OCF(TTM)1.96
OCFY9.67%
SpS21.55
BVpS9.44
TBVpS-9.49
PEG (NY)0.82
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
WACC6.85%
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%.