SUBURBAN PROPANE PARTNERS LP (SPH)
US8644821048
Overall SPH gets a fundamental rating of 5 out of 10. We evaluated SPH against 14 industry peers in the Gas Utilities industry. While SPH has a great profitability rating, there are quite some concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on SPH.
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.
SPH had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of SPH (4.70%) is better than 92.86% of its industry peers.
Looking at the Return On Equity, with a value of 17.08%, SPH belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
The Return On Invested Capital of SPH (7.77%) is better than 100.00% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SPH is above the industry average of 5.43%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.7% | ||
| ROE | 17.08% | ||
| ROIC | 7.77% |
ROA(3y)6.03%
ROA(5y)4.9%
ROE(3y)26.53%
ROE(5y)22.51%
ROIC(3y)8.98%
ROIC(5y)8.03%
1.3 Margins
The Profit Margin of SPH (8.02%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of SPH has grown nicely.
SPH has a worse Operating Margin (14.94%) than 78.57% of its industry peers.
In the last couple of years the Operating Margin of SPH has grown nicely.
SPH has a better Gross Margin (62.09%) than 64.29% of its industry peers.
SPH's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.94% | ||
| PM (TTM) | 8.02% | ||
| GM | 62.09% |
OM growth 3Y4.55%
OM growth 5Y3.67%
PM growth 3Y16.42%
PM growth 5Y8.76%
GM growth 3Y-3.55%
GM growth 5Y0.99%
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.
SPH has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, SPH has more shares outstanding
Compared to 1 year ago, SPH has a worse debt to assets ratio.
2.2 Solvency
SPH has a debt to FCF ratio of 8.94. This is a slightly negative value and a sign of low solvency as SPH would need 8.94 years to pay back of all of its debts.
The Debt to FCF ratio of SPH (8.94) is better than 92.86% of its industry peers.
A Debt/Equity ratio of 1.89 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 1.89, SPH is doing worse than 85.71% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.89 | ||
| Debt/FCF | 8.94 | ||
| Altman-Z | N/A |
ROIC/WACC1.12
WACC6.94%
2.3 Liquidity
SPH has a Current Ratio of 0.88. This is a bad value and indicates that SPH is not financially healthy enough and could expect problems in meeting its short term obligations.
With a decent Current ratio value of 0.88, SPH is doing good in the industry, outperforming 64.29% of the companies in the same industry.
SPH has a Quick Ratio of 0.88. 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 Quick ratio of 0.65. This is comparable to the rest of the industry: SPH outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.65 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 18.18% over the past year.
The Earnings Per Share has been growing by 8.28% on average over the past years. This is quite good.
SPH shows a decrease in Revenue. In the last year, the revenue decreased by -6.35%.
Measured over the past years, SPH shows a small growth in Revenue. The Revenue has been growing by 1.23% on average per year.
EPS 1Y (TTM)18.18%
EPS 3Y25.56%
EPS 5Y8.28%
EPS growth Q2Q6.17%
Revenue 1Y (TTM)-6.35%
Revenue growth 3Y8.86%
Revenue growth 5Y1.23%
Revenue growth Q2Q-5.4%
3.2 Future
The Earnings Per Share is expected to grow by 10.57% on average over the next years. This is quite good.
The Revenue is expected to grow by 0.91% on average over the next years.
EPS Next Y8.19%
EPS Next 2Y13.83%
EPS Next 3Y10.57%
EPS Next 5YN/A
Revenue Next Year-14.55%
Revenue Next 2Y-6.86%
Revenue Next 3Y0.91%
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 decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 11.28, which indicates a very decent valuation of SPH.
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.
When comparing the Price/Earnings ratio of SPH to the average of the S&P500 Index (28.15), we can say SPH is valued rather cheaply.
A Price/Forward Earnings ratio of 7.66 indicates a rather cheap valuation of SPH.
Based on the Price/Forward Earnings ratio, SPH is valued cheaper than 100.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.20, SPH is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.28 | ||
| Fwd PE | 7.66 |
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 | 9 | ||
| EV/EBITDA | 8.95 |
4.3 Compensation for Growth
The 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)1.38
PEG (5Y)1.36
EPS Next 2Y13.83%
EPS Next 3Y10.57%
5. Dividend
5.1 Amount
SPH has a Yearly Dividend Yield of 6.86%, which is a nice return.
SPH's Dividend Yield is rather good when compared to the industry average which is at 4.54. SPH pays more dividend than 100.00% of the companies in the same industry.
SPH's Dividend Yield is rather good when compared to the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.86% |
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 decreased its dividend in the last 3 years.
Dividend Growth(5Y)-11.53%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
SPH pays out 75.35% of its income as dividend. This is not a sustainable payout ratio.
DP75.35%
EPS Next 2Y13.83%
EPS Next 3Y10.57%
SUBURBAN PROPANE PARTNERS LP
NYSE:SPH (5/17/2024, 7:04:00 PM)
After market: 19.06 0 (0%)19.06
+0.11 (+0.58%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.22B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.86% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.28 | ||
| Fwd PE | 7.66 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.38
PEG (5Y)1.36
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.7% | ||
| ROE | 17.08% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 14.94% | ||
| PM (TTM) | 8.02% | ||
| GM | 62.09% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.59
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.89 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.65 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)18.18%
EPS 3Y25.56%
EPS 5Y
EPS growth Q2Q
EPS Next Y8.19%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-6.35%
Revenue growth 3Y8.86%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y