SUBURBAN PROPANE PARTNERS LP (SPH) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SPH - US8644821048
18.71 USD
+0.05 (+0.27%)
18.71 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
SPH had positive earnings in the past year.
In the past year SPH had a positive cash flow from operations.
SPH had positive earnings in each of the past 5 years.
SPH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of SPH (4.64%) is better than 85.71% of its industry peers.
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.
Measured over the past 3 years, the Average Return On Invested Capital for SPH is in line with the industry average of 6.28%.
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
The Profit Margin of SPH (7.44%) is worse than 78.57% of its industry peers.
In the last couple of years the Profit Margin of SPH has grown nicely.
With a Operating Margin value of 14.40%, SPH is not doing good in the industry: 78.57% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of SPH has grown nicely.
The Gross Margin of SPH (60.65%) 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 | 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
SPH has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, SPH has more shares outstanding
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 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.
The Debt to FCF ratio of SPH (10.60) is better than 92.86% of its industry peers.
A Debt/Equity ratio of 2.02 is on the high side and indicates that SPH has dependencies on debt 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
WACC6.83%
2.3 Liquidity
A Current Ratio of 0.55 indicates that SPH may have some problems paying its short term obligations.
SPH has a Current ratio of 0.55. This is in the lower half of the industry: SPH underperforms 64.29% of its industry peers.
SPH has a Quick Ratio of 0.55. 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 worse Quick ratio (0.31) than 78.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.55 | ||
| Quick Ratio | 0.31 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 43.86% over the past year.
SPH shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.07% yearly.
SPH shows a small growth in Revenue. In the last year, the Revenue has grown by 7.94%.
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
Based on estimates for the next years, SPH will show a small growth in Earnings Per Share. The EPS will grow by 7.01% on average per year.
SPH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.41% yearly.
EPS Next Y9.93%
EPS Next 2Y7.89%
EPS Next 3Y7.01%
EPS Next 5YN/A
Revenue Next Year-0.34%
Revenue Next 2Y0.41%
Revenue Next 3Y0.41%
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
With a Price/Earnings ratio of 11.41, the valuation of SPH can be described as very reasonable.
SPH's Price/Earnings ratio is rather cheap when compared to the industry. SPH is cheaper than 92.86% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.59. SPH is valued rather cheaply when compared to this.
The Price/Forward Earnings ratio is 10.38, which indicates a very decent valuation of SPH.
Based on the Price/Forward Earnings ratio, SPH is valued cheaply inside the industry as 92.86% of the companies are valued more expensively.
SPH's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.03.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.41 | ||
| Fwd PE | 10.38 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SPH is valued a bit cheaper than 71.43% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, SPH is valued cheaper than 92.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.83 | ||
| EV/EBITDA | 8.8 |
4.3 Compensation for Growth
SPH's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of SPH may justify a higher PE ratio.
PEG (NY)1.15
PEG (5Y)1.03
EPS Next 2Y7.89%
EPS Next 3Y7.01%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.93%, SPH is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 3.80, SPH pays a better dividend. On top of this SPH pays more dividend than 100.00% of the companies listed in the same industry.
SPH's Dividend Yield is rather good when compared to the S&P500 average which is at 1.88.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.93% |
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
5.3 Sustainability
SPH pays out 78.99% of its income as dividend. This is not a sustainable payout ratio.
DP78.99%
EPS Next 2Y7.89%
EPS Next 3Y7.01%
18.71
+0.05 (+0.27%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners42.08%
Inst Owner Change2.14%
Ins Owners2.38%
Ins Owner Change4.74%
Market Cap1.24B
Revenue(TTM)1.43B
Net Income(TTM)106.57M
Analysts48.89
Price TargetN/A
Short Float %0.84%
Short Ratio4.39
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.93% |
Yearly Dividend1.3
Dividend Growth(5Y)-9.23%
DP78.99%
Div Incr Years0
Div Non Decr Years3
Ex-Date
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)-2.74%
EPS NQ rev (3m)-2.74%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.41 | ||
| Fwd PE | 10.38 | ||
| P/S | 0.86 | ||
| P/FCF | 10.83 | ||
| P/OCF | 6.65 | ||
| P/B | 2.07 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.8 |
EPS(TTM)1.64
EY8.77%
EPS(NY)1.8
Fwd EY9.64%
FCF(TTM)1.73
FCFY9.23%
OCF(TTM)2.82
OCFY15.05%
SpS21.65
BVpS9.05
TBVpS-9.73
PEG (NY)1.15
PEG (5Y)1.03
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
WACC6.83%
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 Y9.93%
EPS Next 2Y7.89%
EPS Next 3Y7.01%
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-0.34%
Revenue Next 2Y0.41%
Revenue Next 3Y0.41%
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.
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 9.93% in the next year.