SUBURBAN PROPANE PARTNERS LP (SPH) Stock Fundamental Analysis
USA - NYSE:SPH - US8644821048
18.67 USD
+0.03 (+0.16%)
18.67 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. While SPH is still in line with the averages on profitability rating, there are 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
SPH had positive earnings in the past year.
SPH had a positive operating cash flow in the past year.
In the past 5 years SPH has always been profitable.
In the past 5 years SPH always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 4.20%, SPH belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
The Return On Equity of SPH (15.03%) is better than 85.71% of its industry peers.
With a decent Return On Invested Capital value of 7.67%, SPH is doing good in the industry, outperforming 78.57% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for SPH is in line with the industry average of 6.32%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.2% | ||
| ROE | 15.03% | ||
| ROIC | 7.67% |
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 6.79%, SPH is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
In the last couple of years the Profit Margin of SPH has remained more or less at the same level.
With a Operating Margin value of 14.02%, 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 (59.87%) which is in line with its industry peers.
SPH's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.02% | ||
| PM (TTM) | 6.79% | ||
| GM | 59.87% |
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SPH is still 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 worse debt/assets ratio than last year.
2.2 Solvency
SPH has a debt to FCF ratio of 11.75. This is a negative value and a sign of low solvency as SPH would need 11.75 years to pay back of all of its debts.
The Debt to FCF ratio of SPH (11.75) is better than 92.86% of its industry peers.
A Debt/Equity ratio of 1.90 is on the high side and indicates that SPH has dependencies on debt financing.
The Debt to Equity ratio of SPH (1.90) is worse than 85.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.9 | ||
| Debt/FCF | 11.75 | ||
| Altman-Z | N/A |
ROIC/WACC1.12
WACC6.84%
2.3 Liquidity
SPH has a Current Ratio of 0.70. 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 Current ratio (0.70) which is in line with its industry peers.
SPH has a Quick Ratio of 0.70. 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 Quick ratio of 0.46 is on the low side compared to the rest of the industry. SPH is outperformed by 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.46 |
3. Growth
3.1 Past
The earnings per share for SPH have decreased by -1.33% in the last year.
Measured over the past 5 years, SPH shows a small growth in Earnings Per Share. The EPS has been growing by 0.72% on average per year.
SPH shows a small growth in Revenue. In the last year, the Revenue has grown by 6.29%.
SPH shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 0.92% yearly.
EPS 1Y (TTM)-1.33%
EPS 3Y-20.63%
EPS 5Y0.72%
EPS Q2Q%14.81%
Revenue 1Y (TTM)6.29%
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 15.23% yearly.
The Revenue is expected to grow by 2.50% on average over the next years.
EPS Next Y38.65%
EPS Next 2Y25.76%
EPS Next 3Y18.75%
EPS Next 5Y15.23%
Revenue Next Year9.03%
Revenue Next 2Y4.24%
Revenue Next 3Y3.2%
Revenue Next 5Y2.5%
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
SPH is valuated correctly with a Price/Earnings ratio of 12.61.
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 27.06, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 10.36 indicates a reasonable valuation of SPH.
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.
When comparing the Price/Forward Earnings ratio of SPH to the average of the S&P500 Index (22.64), we can say SPH is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.61 | ||
| Fwd PE | 10.36 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SPH is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SPH indicates a rather cheap valuation: SPH is cheaper than 85.71% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.72 | ||
| EV/EBITDA | 9.01 |
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 has a very decent profitability rating, which may justify a higher PE ratio.
SPH's earnings are expected to grow with 18.75% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.33
PEG (5Y)17.6
EPS Next 2Y25.76%
EPS Next 3Y18.75%
5. Dividend
5.1 Amount
SPH has a Yearly Dividend Yield of 6.91%, which is a nice return.
Compared to an average industry Dividend Yield of 3.97, 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 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.91% |
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 86.21% of its income as dividend. This is not a sustainable payout ratio.
DP86.21%
EPS Next 2Y25.76%
EPS Next 3Y18.75%
18.67
+0.03 (+0.16%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners41.7%
Inst Owner Change0.08%
Ins Owners3.12%
Ins Owner Change-0.52%
Market Cap1.22B
Analysts48.89
Price Target17.34 (-7.12%)
Short Float %0.9%
Short Ratio4.79
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.91% |
Yearly Dividend1.3
Dividend Growth(5Y)-11.53%
DP86.21%
Div Incr Years0
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-12.24%
Min EPS beat(2)-19.85%
Max EPS beat(2)-4.62%
EPS beat(4)0
Avg EPS beat(4)-31.07%
Min EPS beat(4)-56%
Max EPS beat(4)-4.62%
EPS beat(8)1
Avg EPS beat(8)-25.44%
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)0.79%
Min Revenue beat(2)-4.6%
Max Revenue beat(2)6.18%
Revenue beat(4)1
Avg Revenue beat(4)-2.73%
Min Revenue beat(4)-11.34%
Max Revenue beat(4)6.18%
Revenue beat(8)1
Avg Revenue beat(8)-3.49%
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)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.61 | ||
| Fwd PE | 10.36 | ||
| P/S | 0.85 | ||
| P/FCF | 11.72 | ||
| P/OCF | 6.75 | ||
| P/B | 1.89 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.01 |
EPS(TTM)1.48
EY7.93%
EPS(NY)1.8
Fwd EY9.66%
FCF(TTM)1.59
FCFY8.53%
OCF(TTM)2.77
OCFY14.82%
SpS21.84
BVpS9.87
TBVpS-9.16
PEG (NY)0.33
PEG (5Y)17.6
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.2% | ||
| ROE | 15.03% | ||
| ROCE | 9.72% | ||
| ROIC | 7.67% | ||
| ROICexc | 7.68% | ||
| ROICexgc | 19.39% | ||
| OM | 14.02% | ||
| PM (TTM) | 6.79% | ||
| GM | 59.87% | ||
| FCFM | 7.3% |
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 Turnover0.62
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.9 | ||
| Debt/FCF | 11.75 | ||
| Debt/EBITDA | 4.51 | ||
| Cap/Depr | 108.43% | ||
| Cap/Sales | 5.38% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 66.76% | ||
| Profit Quality | 107.41% | ||
| Current Ratio | 0.7 | ||
| Quick Ratio | 0.46 | ||
| Altman-Z | N/A |
F-Score5
WACC6.84%
ROIC/WACC1.12
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 5Y15.23%
Revenue 1Y (TTM)6.29%
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 5Y2.5%
EBIT growth 1Y1.38%
EBIT growth 3Y-7.04%
EBIT growth 5Y1.51%
EBIT Next Year60.92%
EBIT Next 3Y18.84%
EBIT Next 5Y14.05%
FCF growth 1Y-39.46%
FCF growth 3Y-19.88%
FCF growth 5Y-12.01%
OCF growth 1Y-16.42%
OCF growth 3Y-10.84%
OCF growth 5Y-6.67%