SUBURBAN PROPANE PARTNERS LP (SPH) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SPH - US8644821048
18.01 USD
-0.25 (-1.37%)
18.01 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. There are concerns on the financial health of SPH while its profitability can be described as average. SPH is valued quite cheap, while showing a decent growth score. This is a good 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.
Each year in the past 5 years SPH had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 4.64%, SPH belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
Looking at the Return On Equity, with a value of 17.80%, SPH belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
SPH has a Return On Invested Capital of 8.18%. This is in the better half of the industry: SPH outperforms 78.57% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SPH is in line with the industry average of 6.27%.
The last Return On Invested Capital (8.18%) for SPH is above the 3 year average (7.79%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.64% | ||
| ROE | 17.8% | ||
| ROIC | 8.18% |
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 7.44%, SPH is doing worse than 78.57% of the companies in the same industry.
SPH's Profit Margin has improved in the last couple of years.
SPH has a worse Operating Margin (14.40%) than 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 60.65%, 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 | 14.4% | ||
| PM (TTM) | 7.44% | ||
| GM | 60.65% |
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.
SPH has more shares outstanding than it did 1 year ago.
SPH has more shares outstanding than it did 5 years ago.
SPH has a better debt/assets ratio than last year.
2.2 Solvency
SPH has a debt to FCF ratio of 10.60. This is a negative value and a sign of low solvency as SPH would need 10.60 years to pay back of all of its debts.
SPH's Debt to FCF ratio of 10.60 is amongst the best of the industry. SPH outperforms 92.86% of its industry peers.
SPH has a Debt/Equity ratio of 2.02. This is a high value indicating a heavy dependency on external financing.
SPH has a Debt to Equity ratio of 2.02. This is amonst the worse of the industry: SPH underperforms 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.02 | ||
| Debt/FCF | 10.6 | ||
| Altman-Z | N/A |
ROIC/WACC1.2
WACC6.81%
2.3 Liquidity
A Current Ratio of 0.55 indicates that SPH may have some problems paying its short term obligations.
SPH has a worse Current ratio (0.55) than 64.29% of its industry peers.
A Quick Ratio of 0.31 indicates that SPH may have some problems paying its short term obligations.
The Quick ratio of SPH (0.31) is worse than 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.31 |
3. Growth
3.1 Past
SPH shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 43.86%, 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 7.94% 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)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 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 2Y9.3%
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
The Price/Earnings ratio is 10.98, which indicates a very decent valuation of SPH.
Based on the Price/Earnings ratio, SPH is valued cheaper than 92.86% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.92, SPH is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 9.80, the valuation of SPH can be described as reasonable.
Based on the Price/Forward Earnings ratio, SPH is valued cheaper than 85.71% of the companies in the same industry.
SPH's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 23.57.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.98 | ||
| Fwd PE | 9.8 |
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.
SPH's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SPH is cheaper than 92.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.43 | ||
| EV/EBITDA | 8.69 |
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.
The decent profitability rating of SPH may justify a higher PE ratio.
PEG (NY)0.91
PEG (5Y)0.99
EPS Next 2Y9.3%
EPS Next 3Y5.19%
5. Dividend
5.1 Amount
SPH has a Yearly Dividend Yield of 7.01%, which is a nice return.
SPH's Dividend Yield is rather good when compared to the industry average which is at 3.88. 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 1.94.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.01% |
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 78.99% of its income as dividend. This is not a sustainable payout ratio.
DP78.99%
EPS Next 2Y9.3%
EPS Next 3Y5.19%
18.01
-0.25 (-1.37%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners42%
Inst Owner Change0%
Ins Owners2.36%
Ins Owner Change4.74%
Market Cap1.19B
Revenue(TTM)1.43B
Net Income(TTM)106.57M
Analysts48.89
Price Target17.34 (-3.72%)
Short Float %0.71%
Short Ratio3.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.01% |
Yearly Dividend1.3
Dividend Growth(5Y)-9.23%
DP78.99%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-6.78%
Min EPS beat(2)-19.85%
Max EPS beat(2)6.29%
EPS beat(4)1
Avg EPS beat(4)-18.54%
Min EPS beat(4)-56%
Max EPS beat(4)6.29%
EPS beat(8)1
Avg EPS beat(8)-28.18%
EPS beat(12)4
Avg EPS beat(12)-14.56%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-12.38%
Min Revenue beat(2)-20.15%
Max Revenue beat(2)-4.6%
Revenue beat(4)1
Avg Revenue beat(4)-4.94%
Min Revenue beat(4)-20.15%
Max Revenue beat(4)6.18%
Revenue beat(8)1
Avg Revenue beat(8)-5.54%
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)-2.74%
EPS NY rev (1m)1.96%
EPS NY rev (3m)1.96%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.41%
Revenue NY rev (3m)-0.41%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.98 | ||
| Fwd PE | 9.8 | ||
| P/S | 0.83 | ||
| P/FCF | 10.43 | ||
| P/OCF | 6.4 | ||
| P/B | 1.99 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.69 |
EPS(TTM)1.64
EY9.11%
EPS(NY)1.84
Fwd EY10.21%
FCF(TTM)1.73
FCFY9.59%
OCF(TTM)2.82
OCFY15.63%
SpS21.65
BVpS9.05
TBVpS-9.73
PEG (NY)0.91
PEG (5Y)0.99
Graham Number18.27
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.64% | ||
| ROE | 17.8% | ||
| ROCE | 10.35% | ||
| ROIC | 8.18% | ||
| ROICexc | 8.18% | ||
| ROICexgc | 21.72% | ||
| OM | 14.4% | ||
| PM (TTM) | 7.44% | ||
| GM | 60.65% | ||
| FCFM | 7.98% |
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-Score7
Asset Turnover0.62
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.02 | ||
| Debt/FCF | 10.6 | ||
| Debt/EBITDA | 4.35 | ||
| Cap/Depr | 99.89% | ||
| Cap/Sales | 5.02% | ||
| Interest Coverage | 2.79 | ||
| Cash Conversion | 66.91% | ||
| Profit Quality | 107.25% | ||
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.31 | ||
| Altman-Z | N/A |
F-Score7
WACC6.81%
ROIC/WACC1.2
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)43.86%
EPS 3Y-9.33%
EPS 5Y11.07%
EPS Q2Q%23.19%
EPS Next Y12.09%
EPS Next 2Y9.3%
EPS Next 3Y5.19%
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-0.75%
Revenue Next 2Y0.44%
Revenue Next 3Y0.63%
Revenue Next 5YN/A
EBIT growth 1Y20.47%
EBIT growth 3Y0%
EBIT growth 5Y8.02%
EBIT Next Year39.19%
EBIT Next 3Y12.1%
EBIT Next 5Y10.22%
FCF growth 1Y12.99%
FCF growth 3Y-13.42%
FCF growth 5Y-8.37%
OCF growth 1Y15.99%
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 78.99%.