SUBURBAN PROPANE PARTNERS LP (SPH) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:SPH - US8644821048
18.56 USD
+0.18 (+0.98%)
18.56 USD
0 (0%)
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 is still in line with the averages on profitability rating, there are concerns on its financial health. 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.
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
SPH has a Return On Assets of 4.64%. This is amongst the best in the industry. SPH outperforms 85.71% of its industry peers.
With an excellent Return On Equity value of 17.80%, SPH belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
The Return On Invested Capital of SPH (8.18%) is better than 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 6.27%.
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
SPH has a Profit Margin of 7.44%. This is in the lower half of the industry: SPH underperforms 78.57% of its industry peers.
SPH's Profit Margin has improved in the last couple of years.
SPH's Operating Margin of 14.40% is on the low side compared to the rest of the industry. SPH is outperformed by 78.57% of its industry peers.
In the last couple of years the Operating Margin of SPH has grown nicely.
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.
Compared to 1 year ago, SPH has more shares outstanding
SPH has more shares outstanding than it did 5 years ago.
SPH has a better debt/assets ratio than last year.
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.
SPH has a better Debt to FCF ratio (10.60) than 92.86% of its industry peers.
SPH has a Debt/Equity ratio of 2.02. This is a high value indicating a heavy dependency on external 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
WACC6.84%
2.3 Liquidity
SPH has a Current 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's Current ratio of 0.55 is on the low side compared to the rest of the industry. SPH is outperformed by 64.29% of its industry peers.
A Quick Ratio of 0.31 indicates that SPH may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.31, SPH is doing worse than 78.57% of the companies in the same industry.
| 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%.
SPH shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.27% yearly.
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
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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
The Price/Earnings ratio is 11.32, which indicates a very decent valuation of SPH.
Compared to the rest of the industry, the Price/Earnings ratio of SPH indicates a rather cheap valuation: SPH is cheaper than 85.71% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.19, SPH is valued rather cheaply.
The Price/Forward Earnings ratio is 10.10, which indicates a very decent 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.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.88, SPH is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.32 | ||
| Fwd PE | 10.1 |
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 cheaply inside the industry as 92.86% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.74 | ||
| EV/EBITDA | 8.72 |
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)0.94
PEG (5Y)1.02
EPS Next 2Y9.3%
EPS Next 3Y5.19%
5. Dividend
5.1 Amount
SPH has a Yearly Dividend Yield of 7.01%, which is a nice return.
Compared to an average industry Dividend Yield of 3.88, 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 1.94, SPH pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.01% |
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%
18.56
+0.18 (+0.98%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners42%
Inst Owner Change0%
Ins Owners2.36%
Ins Owner Change4.74%
Market Cap1.23B
Revenue(TTM)1.43B
Net Income(TTM)106.57M
Analysts48.89
Price Target17.34 (-6.57%)
Short Float %0.71%
Short Ratio3.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 7.01% |
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 | 11.32 | ||
| Fwd PE | 10.1 | ||
| P/S | 0.86 | ||
| P/FCF | 10.74 | ||
| P/OCF | 6.59 | ||
| P/B | 2.05 | ||
| P/tB | N/A | ||
| EV/EBITDA | 8.72 |
EPS(TTM)1.64
EY8.84%
EPS(NY)1.84
Fwd EY9.9%
FCF(TTM)1.73
FCFY9.31%
OCF(TTM)2.82
OCFY15.17%
SpS21.65
BVpS9.05
TBVpS-9.73
PEG (NY)0.94
PEG (5Y)1.02
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
WACC6.84%
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 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%.