SUBURBAN PROPANE PARTNERS LP (SPH) Stock Fundamental Analysis
USA - NYSE:SPH - US8644821048
18.5 USD
+0.21 (+1.15%)
18.95 USD
+0.45 (+2.43%)
We assign a fundamental rating of 5 out of 10 to SPH. 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 may be a bit undervalued, certainly considering the very reasonable score on growth
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.
In the past 5 years SPH always reported a positive cash flow from operatings.
1.2 Ratios
SPH has a better Return On Assets (4.20%) than 85.71% of its industry peers.
With an excellent Return On Equity value of 15.03%, SPH belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
SPH has a Return On Invested Capital of 7.67%. 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 6.32%.
| 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
Looking at the Profit Margin, with a value of 6.79%, SPH is doing worse than 64.29% of the companies in the same industry.
In the last couple of years the Profit Margin of SPH has remained more or less at the same level.
SPH has a Operating Margin of 14.02%. This is in the lower half of the industry: SPH underperforms 71.43% of its industry peers.
SPH's Operating Margin has been stable in the last couple of years.
SPH has a Gross Margin (59.87%) which is in line with its industry peers.
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
SPH has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
SPH has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, SPH has more shares outstanding
SPH has a worse debt/assets ratio than last year.
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.
The Debt to Equity ratio of SPH (1.90) is worse than 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.9 | ||
| Debt/FCF | 11.75 | ||
| Altman-Z | N/A |
ROIC/WACC1.13
WACC6.79%
2.3 Liquidity
A Current Ratio of 0.70 indicates that SPH may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.70, SPH is in line with its industry, outperforming 50.00% of the companies in the same industry.
A Quick Ratio of 0.46 indicates that SPH may have some problems paying its short term obligations.
SPH has a worse Quick ratio (0.46) 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%.
The Earnings Per Share has been growing slightly by 0.72% on average over the past years.
The Revenue has been growing slightly by 6.29% in the past 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
Based on estimates for the next years, SPH will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.23% on average per year.
Based on estimates for the next years, SPH will show a small growth in Revenue. The Revenue will grow by 2.50% on average per year.
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 12.50, which indicates a correct valuation of SPH.
Based on the Price/Earnings ratio, SPH is valued a bit cheaper than 71.43% 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 26.19.
A Price/Forward Earnings ratio of 10.26 indicates a reasonable valuation of SPH.
Based on the Price/Forward Earnings ratio, SPH is valued cheaply inside the industry as 85.71% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.50. SPH is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.5 | ||
| Fwd PE | 10.26 |
4.2 Price Multiples
71.43% of the companies in the same industry are more expensive than SPH, based on the Enterprise Value to EBITDA ratio.
85.71% of the companies in the same industry are more expensive than SPH, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.61 | ||
| EV/EBITDA | 8.97 |
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.
SPH's earnings are expected to grow with 18.75% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.32
PEG (5Y)17.44
EPS Next 2Y25.76%
EPS Next 3Y18.75%
5. Dividend
5.1 Amount
SPH has a Yearly Dividend Yield of 6.83%, which is a nice return.
SPH's Dividend Yield is rather good when compared to the industry average which is at 3.79. SPH pays more dividend than 100.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.33, SPH pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.83% |
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
86.21% of the earnings are spent on dividend by SPH. This is not a sustainable payout ratio.
DP86.21%
EPS Next 2Y25.76%
EPS Next 3Y18.75%
18.5
+0.21 (+1.15%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners41.5%
Inst Owner Change-0.07%
Ins Owners2.72%
Ins Owner Change-0.52%
Market Cap1.21B
Revenue(TTM)1.43B
Net Income(TTM)97.12M
Analysts48.89
Price Target17.34 (-6.27%)
Short Float %0.93%
Short Ratio6.01
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.83% |
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)0%
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 | 12.5 | ||
| Fwd PE | 10.26 | ||
| P/S | 0.85 | ||
| P/FCF | 11.61 | ||
| P/OCF | 6.68 | ||
| P/B | 1.87 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.97 |
EPS(TTM)1.48
EY8%
EPS(NY)1.8
Fwd EY9.75%
FCF(TTM)1.59
FCFY8.61%
OCF(TTM)2.77
OCFY14.96%
SpS21.84
BVpS9.87
TBVpS-9.16
PEG (NY)0.32
PEG (5Y)17.44
Graham Number18.13
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%
ROICexgc growth 3Y-12.63%
ROICexgc 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
WACC6.79%
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 Year61.49%
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%
SUBURBAN PROPANE PARTNERS LP / SPH FAQ
What is the fundamental rating for SPH stock?
ChartMill assigns a fundamental rating of 5 / 10 to SPH.
Can you provide the valuation status for SUBURBAN PROPANE PARTNERS LP?
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 financial health of SUBURBAN PROPANE PARTNERS LP (SPH) stock?
The financial health rating of SUBURBAN PROPANE PARTNERS LP (SPH) is 2 / 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 38.65% in the next year.