SUBURBAN PROPANE PARTNERS LP (SPH) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SPH - US8644821048
19.36 USD
+0.17 (+0.89%)
19.08 USD
-0.28 (-1.45%)
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. While SPH is still in line with the averages on profitability rating, there are concerns on its financial health. 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.
- 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
- The Return On Assets of SPH (4.64%) is better than 85.71% of its industry peers.
- SPH has a better Return On Equity (17.80%) than 92.86% of its industry peers.
- SPH has a better Return On Invested Capital (8.18%) than 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 3 year average ROIC (7.79%) for SPH is below the current ROIC(8.18%), indicating increased profibility in the last year.
| 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.
- The Operating Margin of SPH (14.40%) is worse than 78.57% of its industry peers.
- SPH's Operating Margin has improved in the last couple of years.
- SPH's Gross Margin of 60.65% is in line compared to the rest of the industry. SPH outperforms 50.00% of its industry peers.
- 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
- 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.
- The number of shares outstanding for SPH has been increased compared to 5 years ago.
- Compared to 1 year ago, SPH has an improved debt to assets ratio.
2.2 Solvency
- The Debt to FCF ratio of SPH is 10.60, which is on the high side as it means it would take SPH, 10.60 years of fcf income to pay off 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.
- 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/WACC1.18
WACC6.91%
2.3 Liquidity
- A Current Ratio of 0.55 indicates that SPH may have some problems paying its short term obligations.
- With a Current ratio value of 0.55, SPH is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
- A Quick Ratio of 0.31 indicates that SPH may have some problems paying its short term obligations.
- SPH has a Quick ratio of 0.31. This is in the lower half of the industry: SPH underperforms 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.
- 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.
- SPH shows a small growth in Revenue. In the last year, the Revenue has grown by 7.94%.
- The Revenue has been growing slightly by 5.27% on average over the past years.
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.
- Based on estimates for the next years, SPH will show a small growth in Revenue. The Revenue will grow by 0.63% on average per year.
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.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 11.80 indicates a reasonable valuation of SPH.
- Compared to the rest of the industry, the Price/Earnings ratio of SPH indicates a somewhat cheap valuation: SPH is cheaper than 78.57% of the companies listed in the same industry.
- SPH is valuated cheaply when we compare the Price/Earnings ratio to 26.94, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 10.53, the valuation of SPH can be described as very reasonable.
- SPH's Price/Forward Earnings ratio is rather cheap when compared to the industry. SPH is cheaper than 85.71% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 23.94. SPH is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.8 | ||
| Fwd PE | 10.53 |
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.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of SPH indicates a rather cheap valuation: SPH is cheaper than 92.86% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.21 | ||
| EV/EBITDA | 8.95 |
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)0.98
PEG (5Y)1.07
EPS Next 2Y9.3%
EPS Next 3Y5.19%
5. Dividend
5.1 Amount
- SPH has a Yearly Dividend Yield of 6.79%, which is a nice return.
- Compared to an average industry Dividend Yield of 3.79, SPH pays a better dividend. On top of this SPH pays more dividend than 100.00% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.83, SPH pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.79% |
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
- 78.99% of the earnings are spent on dividend by SPH. This is not a sustainable payout ratio.
DP78.99%
EPS Next 2Y9.3%
EPS Next 3Y5.19%
19.36
+0.17 (+0.89%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)11-13 2025-11-13/bmo
Earnings (Next)02-04 2026-02-04
Inst Owners42%
Inst Owner Change0.1%
Ins Owners2.36%
Ins Owner Change4.74%
Market Cap1.28B
Revenue(TTM)1.43B
Net Income(TTM)106.57M
Analysts48.89
Price Target17.34 (-10.43%)
Short Float %0.81%
Short Ratio3.72
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.79% |
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 | 11.8 | ||
| Fwd PE | 10.53 | ||
| P/S | 0.89 | ||
| P/FCF | 11.21 | ||
| P/OCF | 6.88 | ||
| P/B | 2.14 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.95 |
EPS(TTM)1.64
EY8.47%
EPS(NY)1.84
Fwd EY9.49%
FCF(TTM)1.73
FCFY8.92%
OCF(TTM)2.82
OCFY14.54%
SpS21.65
BVpS9.05
TBVpS-9.73
PEG (NY)0.98
PEG (5Y)1.07
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
WACC6.91%
ROIC/WACC1.18
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%.