Financials Suburban Propane Partners, L.P.

Equities

SPH

US8644821048

Oil & Gas Refining and Marketing

Market Closed - Nyse 04:00:01 2024-04-26 pm EDT 5-day change 1st Jan Change
19.69 USD -0.81% Intraday chart for Suburban Propane Partners, L.P. +1.39% +10.87%

Valuation

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,459 1,012 960 948 1,019 1,261 - -
Enterprise Value (EV) 1 2,683 2,219 2,072 948 2,204 2,442 2,402 2,358
P/E ratio 21.5 x 16.8 x 7.91 x 6.9 x 8.36 x 9.67 x 7.91 x 9.16 x
Yield 10.2% 11.1% 8.14% 8.64% 8.1% 6.6% 6.6% 6.73%
Capitalization / Revenue 1.15 x 0.91 x 0.74 x - 0.71 x 1.04 x 1.01 x 0.85 x
EV / Revenue 2.12 x 2 x 1.61 x - 1.54 x 2.02 x 1.93 x 1.6 x
EV / EBITDA 9.76 x 8.75 x 7.52 x 3.26 x 8.01 x 8.99 x 7.98 x 7.59 x
EV / FCF 14 x 12.5 x 10.5 x 5.38 x 14.1 x 17.8 x 16 x 12.8 x
FCF Yield 7.15% 7.97% 9.49% 18.6% 7.08% 5.61% 6.25% 7.8%
Price to Book 3.44 x 2.79 x 2.27 x - - - - -
Nbr of stocks (in thousands) 61,735 62,146 62,538 62,987 63,514 64,020 - -
Reference price 2 23.63 16.28 15.35 15.05 16.05 19.69 19.69 19.69
Announcement Date 11/14/19 11/12/20 11/10/21 11/10/22 11/9/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,268 1,108 1,289 - 1,429 1,207 1,246 1,475
EBITDA 1 275 253.7 275.7 291 275 271.5 301 310.5
EBIT 1 146.2 140.3 171.1 - 212.4 171 215 211
Operating Margin 11.53% 12.66% 13.28% - 14.86% 14.17% 17.26% 14.31%
Earnings before Tax (EBT) 69.49 60.61 123.9 - - - - -
Net income 1 68.63 60.76 122.8 - 123.8 90 141 137
Net margin 5.41% 5.48% 9.53% - 8.66% 7.46% 11.32% 9.29%
EPS 2 1.100 0.9700 1.940 2.180 1.920 2.037 2.490 2.150
Free Cash Flow 1 191.8 176.9 196.7 176.2 156 137 150 184
FCF margin 15.13% 15.96% 15.26% - 10.92% 11.35% 12.04% 12.47%
FCF Conversion (EBITDA) 69.74% 69.72% 71.35% 60.54% 56.73% 50.46% 49.83% 59.26%
FCF Conversion (Net income) 279.47% 291.08% 160.19% - 126.07% 152.22% 106.38% 134.31%
Dividend per Share 2 2.400 1.800 1.250 1.300 1.300 1.300 1.300 1.325
Announcement Date 11/14/19 11/12/20 11/10/21 11/10/22 11/9/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: September 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 208.2 - - - - - 526.5 278.6 226.6 365.8 511 278 235 - -
EBITDA 1 0.33 - 172.5 29.18 2.799 90.04 149 33.02 3.002 75.23 151 26 1 - -
EBIT 1 -21.61 - - - - - 132.9 14.87 -14.2 58.84 134 8 -19 - -
Operating Margin -10.38% - - - - - 25.24% 5.34% -6.27% 16.08% 26.22% 2.88% -8.09% - -
Earnings before Tax (EBT) -16.2 - - - - - 104.7 - - - - - - - -
Net income 1 -16.38 - - - - - 104.5 - -20.86 24.45 115 -11 -37 - -
Net margin -7.87% - - - - - 19.84% - -9.2% 6.68% 22.5% -3.96% -15.74% - -
EPS 2 -0.2600 0.3400 2.740 -0.0400 -0.8600 0.7100 1.620 -0.0800 -0.3300 0.3800 1.790 -0.1800 -0.5900 - -
Dividend per Share 2 0.3250 0.3250 0.3250 0.3250 0.3250 0.3250 0.3250 0.3250 0.3250 0.3250 0.3300 0.3300 0.3300 0.3300 0.3300
Announcement Date 11/10/21 2/3/22 5/5/22 8/4/22 11/10/22 2/2/23 5/4/23 8/3/23 11/9/23 2/8/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: September 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 1,225 1,207 1,112 - 1,185 1,181 1,141 1,097
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.453 x 4.758 x 4.034 x - 4.308 x 4.35 x 3.791 x 3.533 x
Free Cash Flow 1 192 177 197 176 156 137 150 184
ROE (net income / shareholders' equity) 16.7% 15.5% 31.2% - - - - -
ROA (Net income/ Total Assets) 3.73% 3% 5.99% - - - - -
Assets 1 1,838 2,023 2,049 - - - - -
Book Value Per Share 6.870 5.830 6.760 - - - - -
Cash Flow per Share - - 3.580 - - - - -
Capex 1 35 32.5 29.9 44.4 44.9 70.2 95.6 96
Capex / Sales 2.76% 2.93% 2.32% - 3.15% 5.82% 7.68% 6.51%
Announcement Date 11/14/19 11/12/20 11/10/21 11/10/22 11/9/23 - - -
1USD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
3
Last Close Price
19.69 USD
Average target price
17 USD
Spread / Average Target
-13.66%
Consensus
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  4. Financials Suburban Propane Partners, L.P.