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Suburban Propane Partners

DB:5BS
Snowflake Description

Proven track record with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5BS
DB
$1B
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The last earnings update was 76 days ago. More info.


Add to Portfolio Compare Print
  • Suburban Propane Partners is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
5BS Share Price and Events
7 Day Returns
-1.8%
DB:5BS
1.1%
Europe Gas Utilities
1%
DE Market
1 Year Returns
8.5%
DB:5BS
10.2%
Europe Gas Utilities
-5.6%
DE Market
5BS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Suburban Propane Partners (5BS) -1.8% 3% 3.7% 8.5% -26.8% -36.1%
Europe Gas Utilities 1.1% 0.6% 4.1% 10.2% 36% 27.8%
DE Market 1% 6.1% 8.4% -5.6% 10.9% 13.8%
1 Year Return vs Industry and Market
  • 5BS underperformed the Gas Utilities industry which returned 10.2% over the past year.
  • 5BS outperformed the Market in Germany which returned -5.6% over the past year.
Price Volatility
5BS
Industry
5yr Volatility vs Market

Value

 Is Suburban Propane Partners undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Suburban Propane Partners to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Suburban Propane Partners.

DB:5BS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:5BS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Gas Utilities Unlevered Beta Simply Wall St/ S&P Global 0.37
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.372 (1 + (1- 21%) (90.55%))
0.757
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:5BS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Suburban Propane Partners is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:5BS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5%)
2019 271.00 Analyst x1 258.11
2020 274.00 Analyst x1 248.55
2021 276.29 Est @ 0.84% 238.70
2022 278.10 Est @ 0.65% 228.83
2023 279.57 Est @ 0.53% 219.09
2024 280.79 Est @ 0.44% 209.58
2025 281.84 Est @ 0.37% 200.35
2026 282.77 Est @ 0.33% 191.45
2027 283.62 Est @ 0.3% 182.89
2028 284.41 Est @ 0.28% 174.67
Present value of next 10 years cash flows $2,152.21
DB:5BS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $284.41 × (1 + 0.23%) ÷ (5% – 0.23%)
$5,978.54
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $5,978.54 ÷ (1 + 5%)10
$3,671.71
DB:5BS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,152.21 + $3,671.71
$5,823.91
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,823.91 / 61.66
$94.45
DB:5BS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:5BS represents 0.87538x of NYSE:SPH
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87538x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 94.45 x 0.87538
€82.68
Value per share (EUR) From above. €82.68
Current discount Discount to share price of €20.30
= -1 x (€20.30 - €82.68) / €82.68
75.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Suburban Propane Partners is available for.
Intrinsic value
>50%
Share price is €20.3 vs Future cash flow value of €82.68
Current Discount Checks
For Suburban Propane Partners to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Suburban Propane Partners's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Suburban Propane Partners's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Suburban Propane Partners's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Suburban Propane Partners's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:5BS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-29) in USD $1.09
NYSE:SPH Share Price ** NYSE (2019-04-24) in USD $23.19
Europe Gas Utilities Industry PE Ratio Median Figure of 8 Publicly-Listed Gas Utilities Companies 17.99x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Suburban Propane Partners.

DB:5BS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SPH Share Price ÷ EPS (both in USD)

= 23.19 ÷ 1.09

21.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Suburban Propane Partners is overvalued based on earnings compared to the Europe Gas Utilities industry average.
  • Suburban Propane Partners is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Suburban Propane Partners's expected growth come at a high price?
Raw Data
DB:5BS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 21.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
15.7%per year
Global Gas Utilities Industry PEG Ratio Median Figure of 29 Publicly-Listed Gas Utilities Companies 2.45x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:5BS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 21.31x ÷ 15.7%

1.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Suburban Propane Partners is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Suburban Propane Partners's assets?
Raw Data
DB:5BS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-29) in USD $7.90
NYSE:SPH Share Price * NYSE (2019-04-24) in USD $23.19
Europe Gas Utilities Industry PB Ratio Median Figure of 9 Publicly-Listed Gas Utilities Companies 1.76x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:5BS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SPH Share Price ÷ Book Value per Share (both in USD)

= 23.19 ÷ 7.90

2.94x

* Primary Listing of Suburban Propane Partners.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Suburban Propane Partners is overvalued based on assets compared to the Europe Gas Utilities industry average.
X
Value checks
We assess Suburban Propane Partners's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Gas Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Gas Utilities industry average (and greater than 0)? (1 check)
  5. Suburban Propane Partners has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Suburban Propane Partners expected to perform in the next 1 to 3 years based on estimates from 5 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Suburban Propane Partners expected to grow at an attractive rate?
  • Suburban Propane Partners's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Suburban Propane Partners's earnings growth is expected to exceed the Germany market average.
  • Suburban Propane Partners's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:5BS Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:5BS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 15.7%
DB:5BS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 4.1%
Europe Gas Utilities Industry Earnings Growth Rate Market Cap Weighted Average 39.9%
Europe Gas Utilities Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:5BS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:5BS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30 1,504 99 1
2020-09-30 1,465 217 93 5
2019-09-30 1,403 190 72 5
DB:5BS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-29 1,348 213 67
2018-09-29 1,344 209 77
2018-06-30 1,349 194 77
2018-03-31 1,330 165 64
2017-12-30 1,244 141 41
2017-09-30 1,188 161 38
2017-06-24 1,152 152 28
2017-03-25 1,134 156 28
2016-12-24 1,088 170 37
2016-09-24 1,046 157 14
2016-06-25 1,059 194 8
2016-03-26 1,075 245 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Suburban Propane Partners's earnings are expected to grow by 15.7% yearly, however this is not considered high growth (20% yearly).
  • Suburban Propane Partners's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:5BS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Suburban Propane Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:5BS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-09-30 1.94 1.94 1.94 1.00
2022-09-30 1.86 1.86 1.86 1.00
2021-09-30 1.66 1.99 1.22 3.00
2020-09-30 1.48 1.80 1.20 6.00
2019-09-30 1.20 1.45 1.00 4.00
DB:5BS Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-29 1.09
2018-09-29 1.24
2018-06-30 1.25
2018-03-31 1.04
2017-12-30 0.66
2017-09-30 0.62
2017-06-24 0.46
2017-03-25 0.47
2016-12-24 0.60
2016-09-24 0.24
2016-06-25 0.12
2016-03-26 -0.06

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Suburban Propane Partners is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Suburban Propane Partners's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Suburban Propane Partners has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Suburban Propane Partners performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Suburban Propane Partners's growth in the last year to its industry (Gas Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Suburban Propane Partners's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Suburban Propane Partners's 1-year earnings growth exceeds its 5-year average (65.1% vs -13.8%)
  • Suburban Propane Partners's earnings growth has exceeded the Europe Gas Utilities industry average in the past year (65.1% vs 3.8%).
Earnings and Revenue History
Suburban Propane Partners's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Suburban Propane Partners Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:5BS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-29 1,348.24 67.09 65.98
2018-09-29 1,344.41 76.53 66.25
2018-06-30 1,348.60 76.77 68.02
2018-03-31 1,329.56 63.65 66.28
2017-12-30 1,243.86 40.67 60.24
2017-09-30 1,187.89 38.00 57.34
2017-06-24 1,151.80 28.35 56.08
2017-03-25 1,134.00 28.46 57.65
2016-12-24 1,087.56 36.66 60.70
2016-09-24 1,046.11 14.44 61.15
2016-06-25 1,059.44 7.54 58.16
2016-03-26 1,074.64 -3.81 58.36
2015-12-26 1,269.89 40.81 62.99
2015-09-26 1,416.98 84.35 66.40
2015-06-27 1,483.92 96.77 66.07
2015-03-28 1,560.76 78.73 63.29
2014-12-27 1,835.15 91.65 63.27
2014-09-27 1,938.26 94.51 60.39
2014-06-28 1,940.64 86.11 59.09
2014-03-29 1,934.31 99.91 59.80
2013-12-28 1,738.96 79.85 58.07
2013-09-28 1,703.61 78.80 58.85
2013-06-29 1,686.28 79.07 61.85
2013-03-30 1,575.08 114.94 62.96
2012-12-29 1,254.28 35.03 59.03
2012-09-29 1,063.46 0.64 54.52
2012-06-23 1,018.69 41.79 54.48

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Suburban Propane Partners has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Suburban Propane Partners used its assets more efficiently than the Europe Gas Utilities industry average last year based on Return on Assets.
  • Suburban Propane Partners has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Suburban Propane Partners's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Gas Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Suburban Propane Partners has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Suburban Propane Partners's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Suburban Propane Partners's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Suburban Propane Partners's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Suburban Propane Partners's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Suburban Propane Partners's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Suburban Propane Partners Company Filings, last reported 3 months ago.

DB:5BS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-29 486.92 1,294.84 6.59
2018-09-29 493.82 1,255.14 5.16
2018-06-30 578.29 1,262.18 3.44
2018-03-31 629.25 1,284.57 5.74
2017-12-30 556.05 1,319.97 5.91
2017-09-30 552.98 1,272.16 2.79
2017-06-24 643.52 1,250.16 3.21
2017-03-25 725.10 1,238.36 6.96
2016-12-24 692.31 1,227.62 4.56
2016-09-24 708.23 1,224.71 37.34
2016-06-25 822.07 1,239.44 67.39
2016-03-26 903.27 1,240.32 58.68
2015-12-26 861.15 1,241.19 56.46
2015-09-26 898.32 1,242.42 152.34
2015-06-27 1,023.77 1,243.17 147.01
2015-03-28 1,115.61 1,244.07 110.07
2014-12-27 1,028.46 1,243.48 62.01
2014-09-27 1,021.45 1,244.23 92.64
2014-06-28 1,129.00 1,245.37 69.32
2014-03-29 1,237.82 1,298.57 68.78
2013-12-28 1,137.88 1,245.66 55.27
2013-09-28 1,129.13 1,247.67 107.23
2013-06-29 1,237.43 1,418.25 319.99
2013-03-30 1,190.64 1,421.86 166.56
2012-12-29 1,106.07 1,424.87 149.10
2012-09-29 1,090.50 1,427.56 134.32
2012-06-23 337.53 353.15 115.80
  • Suburban Propane Partners's level of debt (265.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (109.4% vs 265.9% today).
  • Debt is not well covered by operating cash flow (16.5%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Suburban Propane Partners's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Suburban Propane Partners has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Suburban Propane Partners's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
10.35%
Current annual income from Suburban Propane Partners dividends. Estimated to be 10.65% next year.
If you bought €2,000 of Suburban Propane Partners shares you are expected to receive €207 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Suburban Propane Partners's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Suburban Propane Partners's dividend is above the markets top 25% of dividend payers in Germany (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:5BS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
Europe Gas Utilities Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:5BS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-09-30 2.85 1.00
2022-09-30 2.79 1.00
2021-09-30 2.49 3.00
2020-09-30 2.42 6.00
2019-09-30 2.40 6.00
DB:5BS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-24 2.400 10.689
2018-10-25 2.400 10.984
2018-07-26 2.400 10.252
2018-04-26 2.400 10.307
2018-01-25 2.400 10.219
2017-10-26 2.400 9.730
2017-07-20 3.550 14.274
2017-04-20 3.550 14.597
2017-01-19 3.550 13.068
2016-10-20 3.550 11.784
2016-07-21 3.550 10.621
2016-04-21 3.550 10.857
2016-01-21 3.550 13.031
2015-10-22 3.550 12.936
2015-07-23 3.550 9.938
2015-04-23 3.550 8.528
2015-01-22 3.500 7.970
2014-10-23 3.500 7.893
2014-07-23 3.500 7.889
2014-04-24 3.500 7.666
2014-01-23 3.500 8.128
2013-10-24 3.500 7.606
2013-07-25 3.500 7.510
2013-04-24 3.500 7.350
2013-01-24 3.500 8.034
2012-10-25 3.410 8.578
2012-07-18 3.410 8.457
2012-04-19 3.410 8.365
2012-01-19 3.410 7.860
2011-10-20 3.410 7.233
2011-07-21 3.410 7.322
2011-04-21 3.410 6.481
2011-01-20 3.410 6.031
2010-11-11 3.400 6.148
2010-07-26 3.380 6.502
2010-04-22 3.360 7.154
2010-01-21 3.340 7.087
2009-10-22 3.320 7.295
2009-07-23 3.300 7.798

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Suburban Propane Partners's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Suburban Propane Partners's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Suburban Propane Partners afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Suburban Propane Partners has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Suburban Propane Partners's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Michael Stivala
COMPENSATION $2,478,584
AGE 49
TENURE AS CEO 4.6 years
CEO Bio

Mr. Michael A. Stivala, also known as Mike, has been the President of Suburban Propane Partners, L.P. since April 1, 2014 and has been its Chief Executive Officer since September 28, 2014. Mr. Stivala served as the Chief Financial Officer of Suburban Propane Partners, L.P. from October 2007 to April 1, 2014. Mr. Stivala served as Controller of Suburban Propane Partners, L.P. from December 2001 to September 29, 2007 and served as its Chief Accounting Officer from May 2005 to November 2009. From 1991 to joining Suburban Propane Partners LP, Mr. Stivala held several positions with PricewaterhouseCoopers LLP, as Senior Manager in the Assurance practice. He has been a Supervisor at Suburban Propane Partners, L.P. since November 13, 2014. He is a Certified Public Accountant and a member of the American Institute of Certified Public Accountants.

CEO Compensation
  • Michael's compensation has increased by more than 20% in the past year.
  • Michael's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Suburban Propane Partners management team in years:

5
Average Tenure
53
Average Age
  • The average tenure for the Suburban Propane Partners management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Michael Stivala

TITLE
President
COMPENSATION
$2M
AGE
49
TENURE
4.6 yrs

Mike Kuglin

TITLE
CFO & Chief Accounting Officer
COMPENSATION
$2M
AGE
48
TENURE
4.6 yrs

Steve Boyd

TITLE
Chief Operating Officer
COMPENSATION
$2M
AGE
54
TENURE
1.5 yrs

Paul Abel

TITLE
Senior VP
COMPENSATION
$1M
AGE
65
TENURE
12.8 yrs

Douglas Brinkworth

TITLE
Senior Vice President of Product Supply
COMPENSATION
$1M
AGE
57
TENURE
5 yrs

Neil Scanlon

TITLE
Senior Vice President of Information Services
AGE
53
TENURE
5 yrs

Sandy Zwickel

TITLE
Vice President of Human Resources
AGE
52
TENURE
5.4 yrs

A. D'Ambrosio

TITLE
VP & Treasurer
AGE
54
TENURE
16.4 yrs

Dan Bloomstein

TITLE
VP & Controller
AGE
45
TENURE
5 yrs

Bryon Koepke

TITLE
VP, Deputy General Counsel & Assistant Secretary
TENURE
0.1 yrs
Board of Directors Tenure

Average tenure and age of the Suburban Propane Partners board of directors in years:

6.4
Average Tenure
63
Average Age
  • The tenure for the Suburban Propane Partners board of directors is about average.
Board of Directors

Hal Logan

TITLE
Chairman
COMPENSATION
$125K
AGE
74
TENURE
12.3 yrs

Michael Stivala

TITLE
President
COMPENSATION
$2M
AGE
49
TENURE
4.4 yrs

Matt Chanin

TITLE
Supervisor
COMPENSATION
$100K
AGE
64
TENURE
6.4 yrs

Terence Connors

TITLE
Supervisor
COMPENSATION
$105K
AGE
62
TENURE
2.3 yrs

John Stookey

TITLE
Supervisor
COMPENSATION
$90K
AGE
88
TENURE
23.1 yrs

Jane Swift

TITLE
Supervisor
COMPENSATION
$90K
AGE
53
TENURE
12 yrs

Larry Caldwell

TITLE
Supervisor
COMPENSATION
$90K
AGE
72
TENURE
6.4 yrs

Bill Landuyt

TITLE
Supervisor
COMPENSATION
$90K
AGE
61
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • Suburban Propane Partners insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
18. Mar 19 Sell Harold Logan Individual 15. Mar 19 15. Mar 19 -2,900 €19.47 €-56,476
03. Dec 18 Sell Jane Swift Individual 30. Nov 18 30. Nov 18 -2,700 €20.43 €-55,157
27. Aug 18 Sell Harold Logan Individual 23. Aug 18 23. Aug 18 -2,000 €20.68 €-41,368
27. Aug 18 Sell Jane Swift Individual 24. Aug 18 24. Aug 18 -1,500 €20.38 €-30,548
15. Aug 18 Sell Douglas Brinkworth Individual 15. Aug 18 15. Aug 18 -8,000 €21.48 €-171,855
15. Aug 18 Sell Michael Kuglin Individual 14. Aug 18 14. Aug 18 -7,250 €21.22 €-153,845
20. Jun 18 Sell Harold Logan Individual 19. Jun 18 19. Jun 18 -4,200 €20.31 €-85,140
15. Jun 18 Sell Steven Boyd Individual 14. Jun 18 14. Jun 18 -8,500 €20.21 €-171,541
X
Management checks
We assess Suburban Propane Partners's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Suburban Propane Partners has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels. The company operates in four segments: Propane, Fuel Oil and Refined Fuels, Natural Gas and Electricity, and All Other. The Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users. It offers propane primarily for space heating, water heating, cooking, and clothes drying in the residential and commercial markets; for use as a motor fuel in internal combustion engines to power over-the-road vehicles, forklifts, and stationary engines, as well as to fire furnaces, as a cutting gas to the industrial customers, and in other process applications; and for tobacco curing, crop drying, poultry brooding, and weed control in the agricultural markets. The Fuel Oil and Refined Fuels segment engages in the retail distribution of fuel oil, diesel, kerosene, and gasoline to residential and commercial customers for use primarily as a source of heat in homes and buildings. The Natural Gas and Electricity segment markets natural gas and electricity to residential and commercial customers in the deregulated energy markets in New York and Pennsylvania. The All Other segment sells, installs, and services a range of home comfort equipment, including whole-house heating products, air cleaners, humidifiers, and space heaters. As of September 29, 2018, it served approximately 1.0 million residential, commercial, industrial, and agricultural customers through 700 locations in 41 states primarily in the east and west coast regions of the United States, as well as portions of the midwest region of the United States and Alaska. Suburban Energy Services Group LLC serves as a general partner of Suburban Propane Partners, L.P. The company was founded in 1945 and is headquartered in Whippany, New Jersey.

Details
Name: Suburban Propane Partners, L.P.
5BS
Exchange: DB
Founded: 1945
$1,277,686,692
61,663,627
Website: http://www.suburbanpropane.com
Address: Suburban Propane Partners, L.P.
240 Route 10 West,
PO Box 206,
Whippany,
New Jersey, 07981,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SPH Common Units New York Stock Exchange US USD 29. Feb 1996
DB 5BS Common Units Deutsche Boerse AG DE EUR 29. Feb 1996
Number of employees
Current staff
Staff numbers
3,347
Suburban Propane Partners employees.
Industry
Gas Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 22:36
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/04/06
Last earnings filing: 2019/02/07
Last earnings reported: 2018/12/29
Last annual earnings reported: 2018/09/29


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.