Financials AmeriGas Partners, L.P.

Equities

APU

US0309751065

Oil & Gas Refining and Marketing

Delayed Nyse 5-day change 1st Jan Change
- USD -.--% Intraday chart for AmeriGas Partners, L.P. +0.81% +23.40%

Valuation

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Capitalization 1 3,674 3,235 3,235 3,235 3,235 3,235
Enterprise Value (EV) 1 6,468 6,120 6,342 6,280 6,232 5,918
P/E ratio 25.7 x 67.8 x 13.8 x 9.7 x -54.5 x -5.31 x
Yield 9.62% 12.2% - - - -
Capitalization / Revenue 1.3 x 1.21 x 1.36 x 1.24 x 1.1 x 1.25 x
EV / Revenue 2.29 x 2.28 x 2.66 x 2.4 x 2.12 x 2.29 x
EV / EBITDA 10.5 x 13.2 x 10.3 x 8.72 x 22.5 x 17.5 x
EV / FCF 29.2 x 23.3 x 28.4 x 79 x 96.6 x 110 x
FCF Yield 3.42% 4.29% 3.52% 1.27% 1.04% 0.91%
Price to Book 7.01 x 12.8 x 8.53 x 5.53 x 6.78 x 23.2 x
Nbr of stocks (in thousands) 92,977 103,615 103,615 103,615 103,615 103,615
Reference price 2 39.51 31.22 31.22 31.22 31.22 31.22
Announcement Date 11/20/18 11/26/19 11/20/20 11/19/21 11/28/22 12/19/23
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Net sales 1 2,823 2,682 2,381 2,614 2,943 2,581
EBITDA 1 616.9 464.4 616 720 277 338
EBIT 1 431.1 285 438 547 100 161
Operating Margin 15.27% 10.62% 18.4% 20.93% 3.4% 6.24%
Earnings before Tax (EBT) 1 198.2 99.78 238 339 -58 -616
Net income 1 143.3 48.21 236 337 -60 -616
Net margin 5.08% 1.8% 9.91% 12.89% -2.04% -23.87%
EPS 2 1.540 0.4606 2.255 3.220 -0.5732 -5.885
Free Cash Flow 1 221.2 262.4 223.2 79.5 64.5 53.75
FCF margin 7.83% 9.79% 9.38% 3.04% 2.19% 2.08%
FCF Conversion (EBITDA) 35.85% 56.52% 36.24% 11.04% 23.29% 15.9%
FCF Conversion (Net income) 154.34% 544.38% 94.6% 23.59% - -
Dividend per Share 2 3.800 3.800 - - - -
Announcement Date 11/20/18 11/26/19 11/20/20 11/19/21 11/28/22 12/19/23
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: September 2018 2019 2020 2021 2022 2023
Net Debt 1 2,795 2,885 3,107 3,045 2,997 2,683
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.531 x 6.212 x 5.044 x 4.229 x 10.82 x 7.938 x
Free Cash Flow 1 221 262 223 79.5 64.5 53.8
ROE (net income / shareholders' equity) 28.7% 23.6% 73.9% 69.2% -11.2% -191%
ROA (Net income/ Total Assets) 6.75% 4.64% 7.01% 8.2% 1.48% 2.68%
Assets 1 2,123 1,039 3,366 4,110 -4,041 -23,006
Book Value Per Share 2 5.630 2.450 3.660 5.650 4.600 1.350
Cash Flow per Share 2 0.0700 0.0700 0.0500 0.1300 0.1100 0.4600
Capex 1 101 107 135 130 128 134
Capex / Sales 3.59% 4% 5.67% 4.97% 4.35% 5.19%
Announcement Date 11/20/18 11/26/19 11/20/20 11/19/21 11/28/22 12/19/23
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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