SUBURBAN PROPANE PARTNERS LP (SPH) Stock Fundamental Analysis
USA - NYSE:SPH - US8644821048
18.6991 USD
+0.23 (+1.24%)
Overall SPH gets a fundamental rating of 5 out of 10. We evaluated SPH against 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 may be a bit undervalued, certainly considering the very reasonable score on growth
1. Profitability
1.1 Basic Checks
In the past year SPH was profitable.
In the past year SPH had a positive cash flow from operations.
Each year in the past 5 years SPH has been profitable.
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 4.20%, SPH belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
SPH has a Return On Equity of 15.03%. This is amongst the best in the industry. SPH outperforms 85.71% of its industry peers.
The Return On Invested Capital of SPH (7.67%) is better than 78.57% of its industry peers.
SPH had an Average Return On Invested Capital over the past 3 years of 8.09%. This is in line with the industry average of 6.32%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.2% | ||
| ROE | 15.03% | ||
| ROIC | 7.67% |
ROA(3y)5.12%
ROA(5y)4.86%
ROE(3y)21.43%
ROE(5y)21.99%
ROIC(3y)8.09%
ROIC(5y)7.99%
1.3 Margins
The Profit Margin of SPH (6.79%) is worse than 64.29% of its industry peers.
SPH's Profit Margin has been stable in the last couple of years.
SPH's Operating Margin of 14.02% is on the low side compared to the rest of the industry. SPH is outperformed by 71.43% of its industry peers.
In the last couple of years the Operating Margin of SPH has remained more or less at the same level.
The Gross Margin of SPH (59.87%) is comparable to the rest of the industry.
SPH's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.02% | ||
| PM (TTM) | 6.79% | ||
| GM | 59.87% |
OM growth 3Y-7.95%
OM growth 5Y0.58%
PM growth 3Y-16.29%
PM growth 5Y0.65%
GM growth 3Y-0.9%
GM growth 5Y0.4%
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.
The number of shares outstanding for SPH has been increased compared to 1 year ago.
SPH has more shares outstanding than it did 5 years ago.
The debt/assets ratio for SPH is higher compared to a year ago.
2.2 Solvency
The Debt to FCF ratio of SPH is 11.75, which is on the high side as it means it would take SPH, 11.75 years of fcf income to pay off all of its debts.
SPH has a Debt to FCF ratio of 11.75. This is amongst the best in the industry. SPH outperforms 92.86% of its industry peers.
A Debt/Equity ratio of 1.90 is on the high side and indicates that SPH has dependencies on debt 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
WACC6.78%
2.3 Liquidity
A Current Ratio of 0.70 indicates that SPH may have some problems paying its short term obligations.
SPH has a Current ratio (0.70) which is comparable to the rest of the industry.
A Quick Ratio of 0.46 indicates that SPH may have some problems paying its short term obligations.
The Quick ratio of SPH (0.46) is worse than 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.46 |
3. Growth
3.1 Past
SPH shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.33%.
Measured over the past 5 years, SPH shows a small growth in Earnings Per Share. The EPS has been growing by 0.72% on average per year.
Looking at the last year, SPH shows a small growth in Revenue. The Revenue has grown by 6.29% in the last year.
Measured over the past years, SPH shows a small growth in Revenue. The Revenue has been growing by 0.92% on average per year.
EPS 1Y (TTM)-1.33%
EPS 3Y-20.63%
EPS 5Y0.72%
EPS Q2Q%14.81%
Revenue 1Y (TTM)6.29%
Revenue growth 3Y0.98%
Revenue growth 5Y0.92%
Sales Q2Q%2.18%
3.2 Future
SPH is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.23% yearly.
SPH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.50% yearly.
EPS Next Y38.65%
EPS Next 2Y25.76%
EPS Next 3Y18.75%
EPS Next 5Y15.23%
Revenue Next Year9.03%
Revenue Next 2Y4.24%
Revenue Next 3Y3.2%
Revenue Next 5Y2.5%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 12.63, which indicates a correct valuation of SPH.
Based on the Price/Earnings ratio, SPH is valued a bit cheaper than 78.57% of the companies in the same industry.
SPH's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.30.
A Price/Forward Earnings ratio of 10.37 indicates a reasonable valuation of SPH.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SPH indicates a rather cheap valuation: SPH is cheaper than 85.71% of the companies listed 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 22.73.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.63 | ||
| Fwd PE | 10.37 |
4.2 Price Multiples
SPH's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SPH is cheaper than 64.29% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, SPH is valued cheaper than 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.74 | ||
| EV/EBITDA | 8.96 |
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.
A more expensive valuation may be justified as SPH's earnings are expected to grow with 18.75% in the coming years.
PEG (NY)0.33
PEG (5Y)17.62
EPS Next 2Y25.76%
EPS Next 3Y18.75%
5. Dividend
5.1 Amount
SPH has a Yearly Dividend Yield of 6.98%, which is a nice return.
SPH's Dividend Yield is rather good when compared to the industry average which is at 3.95. SPH pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, SPH pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.98% |
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 2Y25.76%
EPS Next 3Y18.75%
NYSE:SPH (9/15/2025, 12:30:47 PM)
18.6991
+0.23 (+1.24%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners41.7%
Inst Owner Change0.08%
Ins Owners3.12%
Ins Owner Change-0.52%
Market Cap1.22B
Analysts48.89
Price Target17.34 (-7.27%)
Short Float %1.03%
Short Ratio4.68
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.98% |
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)8.68%
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 | 12.63 | ||
| Fwd PE | 10.37 | ||
| P/S | 0.86 | ||
| P/FCF | 11.74 | ||
| P/OCF | 6.76 | ||
| P/B | 1.89 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.96 |
EPS(TTM)1.48
EY7.91%
EPS(NY)1.8
Fwd EY9.64%
FCF(TTM)1.59
FCFY8.52%
OCF(TTM)2.77
OCFY14.8%
SpS21.84
BVpS9.87
TBVpS-9.16
PEG (NY)0.33
PEG (5Y)17.62
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)5.12%
ROA(5y)4.86%
ROE(3y)21.43%
ROE(5y)21.99%
ROIC(3y)8.09%
ROIC(5y)7.99%
ROICexc(3y)8.11%
ROICexc(5y)8.01%
ROICexgc(3y)22.07%
ROICexgc(5y)22.37%
ROCE(3y)10.24%
ROCE(5y)10.12%
ROICexcg growth 3Y-12.63%
ROICexcg growth 5Y-4.17%
ROICexc growth 3Y-10.39%
ROICexc growth 5Y-0.47%
OM growth 3Y-7.95%
OM growth 5Y0.58%
PM growth 3Y-16.29%
PM growth 5Y0.65%
GM growth 3Y-0.9%
GM growth 5Y0.4%
F-Score5
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-Score5
WACC6.78%
ROIC/WACC1.13
Cap/Depr(3y)78.69%
Cap/Depr(5y)58.5%
Cap/Sales(3y)3.53%
Cap/Sales(5y)3.17%
Profit Quality(3y)136.04%
Profit Quality(5y)171.85%
High Growth Momentum
Growth
EPS 1Y (TTM)-1.33%
EPS 3Y-20.63%
EPS 5Y0.72%
EPS Q2Q%14.81%
EPS Next Y38.65%
EPS Next 2Y25.76%
EPS Next 3Y18.75%
EPS Next 5Y15.23%
Revenue 1Y (TTM)6.29%
Revenue growth 3Y0.98%
Revenue growth 5Y0.92%
Sales Q2Q%2.18%
Revenue Next Year9.03%
Revenue Next 2Y4.24%
Revenue Next 3Y3.2%
Revenue Next 5Y2.5%
EBIT growth 1Y1.38%
EBIT growth 3Y-7.04%
EBIT growth 5Y1.51%
EBIT Next Year60.92%
EBIT Next 3Y18.84%
EBIT Next 5Y14.05%
FCF growth 1Y-39.46%
FCF growth 3Y-19.88%
FCF growth 5Y-12.01%
OCF growth 1Y-16.42%
OCF growth 3Y-10.84%
OCF growth 5Y-6.67%