SUBURBAN PROPANE PARTNERS LP (SPH) Stock Fundamental Analysis
NYSE:SPH - New York Stock Exchange, Inc. - US8644821048 - Currency: USD
SPH gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 14 industry peers in the Gas Utilities industry. SPH has a medium profitability rating, but doesn't score so well on its financial health evaluation. 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.
In the past 5 years SPH always reported a positive cash flow from operatings.
1.2 Ratios
SPH has a Return On Assets of 3.95%. This is in the better half of the industry: SPH outperforms 71.43% of its industry peers.
The Return On Equity of SPH (14.11%) is better than 85.71% of its industry peers.
SPH has a better Return On Invested Capital (7.41%) 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 6.38%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.95% | ||
| ROE | 14.11% | ||
| ROIC | 7.41% |
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
With a Profit Margin value of 6.65%, SPH is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
SPH's Profit Margin has been stable in the last couple of years.
With a Operating Margin value of 14.26%, SPH is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of SPH has remained more or less at the same level.
SPH has a Gross Margin of 60.08%. This is comparable to the rest of the industry: SPH outperforms 50.00% of its industry peers.
SPH's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.26% | ||
| PM (TTM) | 6.65% | ||
| GM | 60.08% |
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.
The number of shares outstanding for SPH has been increased compared to 5 years ago.
Compared to 1 year ago, SPH has a worse debt to assets ratio.
2.2 Solvency
SPH has a debt to FCF ratio of 18.42. This is a negative value and a sign of low solvency as SPH would need 18.42 years to pay back of all of its debts.
The Debt to FCF ratio of SPH (18.42) is better than 78.57% of its industry peers.
SPH has a Debt/Equity ratio of 1.93. This is a high value indicating a heavy dependency on external financing.
SPH's Debt to Equity ratio of 1.93 is on the low side compared to the rest of the industry. SPH is outperformed by 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.93 | ||
| Debt/FCF | 18.42 | ||
| Altman-Z | N/A |
ROIC/WACC1.08
WACC6.85%
2.3 Liquidity
SPH has a Current Ratio of 1.06. This is a normal value and indicates that SPH is financially healthy and should not expect problems in meeting its short term obligations.
SPH's Current ratio of 1.06 is amongst the best of the industry. SPH outperforms 92.86% of its industry peers.
A Quick Ratio of 0.81 indicates that SPH may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.81, SPH is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.81 |
3. Growth
3.1 Past
The earnings per share for SPH have decreased by -1.33% in the last year.
The Earnings Per Share has been growing slightly by 0.72% on average over the past years.
The Revenue has decreased by -7.14% in the past year.
The Revenue has been growing slightly by 0.92% on average over the past years.
EPS 1Y (TTM)-1.33%
EPS 3Y-20.63%
EPS 5Y0.72%
EPS Q2Q%14.81%
Revenue 1Y (TTM)-7.14%
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 18.75% yearly.
SPH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.20% yearly.
EPS Next Y38.65%
EPS Next 2Y25.76%
EPS Next 3Y18.75%
EPS Next 5YN/A
Revenue Next Year9.03%
Revenue Next 2Y4.24%
Revenue Next 3Y3.2%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 12.25, SPH is valued correctly.
78.57% of the companies in the same industry are more expensive than SPH, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 26.41, SPH is valued rather cheaply.
SPH is valuated reasonably with a Price/Forward Earnings ratio of 10.06.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SPH indicates a rather cheap valuation: SPH is cheaper than 92.86% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 33.87, SPH is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.25 | ||
| Fwd PE | 10.06 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SPH is valued a bit cheaper than the industry average as 64.29% of the companies are valued more expensively.
SPH's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SPH is cheaper than 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.77 | ||
| EV/EBITDA | 9.04 |
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.
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)17.09
EPS Next 2Y25.76%
EPS Next 3Y18.75%
5. Dividend
5.1 Amount
SPH has a Yearly Dividend Yield of 7.28%, which is a nice return.
Compared to an average industry Dividend Yield of 4.00, 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 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.28% |
5.2 History
The dividend of SPH decreases each year by -11.53%.
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)-11.53%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
SPH pays out 88.04% of its income as dividend. This is not a sustainable payout ratio.
DP88.04%
EPS Next 2Y25.76%
EPS Next 3Y18.75%
NYSE:SPH (8/12/2025, 3:14:46 PM)
18.13
+0.18 (+1%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners41.7%
Inst Owner Change0%
Ins Owners3.12%
Ins Owner Change-0.65%
Market Cap1.18B
Analysts48.89
Price Target17.34 (-4.36%)
Short Float %0.69%
Short Ratio2.97
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.28% |
Yearly Dividend1.3
Dividend Growth(5Y)-11.53%
DP88.04%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-30.31%
Min EPS beat(2)-56%
Max EPS beat(2)-4.62%
EPS beat(4)0
Avg EPS beat(4)-40.42%
Min EPS beat(4)-57.25%
Max EPS beat(4)-4.62%
EPS beat(8)2
Avg EPS beat(8)-22.11%
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)2.5%
Min Revenue beat(2)-1.17%
Max Revenue beat(2)6.18%
Revenue beat(4)1
Avg Revenue beat(4)-3.83%
Min Revenue beat(4)-11.34%
Max Revenue beat(4)6.18%
Revenue beat(8)1
Avg Revenue beat(8)-3.14%
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)2.79%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.25 | ||
| Fwd PE | 10.06 | ||
| P/S | 0.83 | ||
| P/FCF | 16.77 | ||
| P/OCF | 8.01 | ||
| P/B | 1.75 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.04 |
EPS(TTM)1.48
EY8.16%
EPS(NY)1.8
Fwd EY9.94%
FCF(TTM)1.08
FCFY5.96%
OCF(TTM)2.26
OCFY12.49%
SpS21.92
BVpS10.34
TBVpS-8.88
PEG (NY)0.32
PEG (5Y)17.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.95% | ||
| ROE | 14.11% | ||
| ROCE | 9.39% | ||
| ROIC | 7.41% | ||
| ROICexc | 7.43% | ||
| ROICexgc | 17.6% | ||
| OM | 14.26% | ||
| PM (TTM) | 6.65% | ||
| GM | 60.08% | ||
| FCFM | 4.93% |
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 Turnover0.59
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.93 | ||
| Debt/FCF | 18.42 | ||
| Debt/EBITDA | 4.76 | ||
| Cap/Depr | 112.15% | ||
| Cap/Sales | 5.4% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 54.14% | ||
| Profit Quality | 74.09% | ||
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.81 | ||
| Altman-Z | N/A |
F-Score5
WACC6.85%
ROIC/WACC1.08
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 5YN/A
Revenue 1Y (TTM)-7.14%
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 5YN/A
EBIT growth 1Y-0.67%
EBIT growth 3Y-7.04%
EBIT growth 5Y1.51%
EBIT Next Year60.92%
EBIT Next 3Y18.84%
EBIT Next 5Y14.05%
FCF growth 1Y-61.9%
FCF growth 3Y-19.88%
FCF growth 5Y-12.01%
OCF growth 1Y-36.16%
OCF growth 3Y-10.84%
OCF growth 5Y-6.67%