DB:FEG

Stock Analysis Report

Ferrellgas Partners

Executive Summary

Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies.

Rewards


Snowflake Analysis


Similar Companies

Share Price & News

How has Ferrellgas Partners's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FEG's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.9%

FEG

-7.8%

DE Gas Utilities

-9.1%

DE Market


1 Year Return

-78.8%

FEG

-1.2%

DE Gas Utilities

2.9%

DE Market

Return vs Industry: FEG underperformed the German Gas Utilities industry which returned 1.5% over the past year.

Return vs Market: FEG underperformed the German Market which returned 6.5% over the past year.


Shareholder returns

FEGIndustryMarket
7 Day-3.9%-7.8%-9.1%
30 Day-2.4%-5.7%-7.2%
90 Day-48.5%-1.1%-6.5%
1 Year-78.8%-78.8%3.4%-1.2%6.1%2.9%
3 Year-95.0%-95.8%37.2%18.7%3.5%-5.6%
5 Year-98.4%-98.8%42.2%6.0%8.0%-6.8%

Price Volatility Vs. Market

How volatile is Ferrellgas Partners's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Ferrellgas Partners undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Ferrellgas Partners is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Ferrellgas Partners has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.

Future Growth

How is Ferrellgas Partners forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

17.1%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if FEG's forecast earnings growth is above the savings rate (-0.4%).

Earnings vs Market: Insufficient data to determine if FEG's earnings are forecast to grow faster than the German market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FEG's revenue (17.1% per year) is forecast to grow faster than the German market (5.1% per year).

High Growth Revenue: FEG's revenue (17.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FEG's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Ferrellgas Partners performed over the past 5 years?

-12.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FEG is currently unprofitable.

Growing Profit Margin: FEG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FEG is unprofitable, and losses have increased over the past 5 years at a rate of -12.2% per year.

Accelerating Growth: Unable to compare FEG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FEG is unprofitable, making it difficult to compare its past year earnings growth to the Gas Utilities industry (10.6%).


Return on Equity

High ROE: FEG's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets


Return on Capital Employed

Financial Health

How is Ferrellgas Partners's financial position?


Financial Position Analysis

Short Term Liabilities: FEG has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: FEG has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: FEG has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: FEG's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: FEG has a high level of physical assets or inventory.

Debt Coverage by Assets: FEG has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: FEG has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: FEG has less than a year of cash runway if free cash flow continues to reduce at historical rates of -42.4% each year

Dividend

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


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.9%industryaverage5.3%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate FEG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate FEG's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FEG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FEG's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: FEG is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FEG's dividend in 3 years as they are not forecast to pay a notable one for the German market.

Management

How experienced are the management team and are they aligned to shareholders interests?

1.1yrs

Average management tenure


CEO

Jim Ferrell (79yo)

3.4yrs

Tenure

US$200,000

Compensation

Mr. James E. Ferrell has been the Interim Chief Executive Officer and President of Ferrellgas Inc - General Partner of Ferrellgas Partners LP and Ferrellgas L.P. since September 27, 2016. He serves as Chai ...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD200.00K) is below average for companies of similar size in the German market ($USD415.71K).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
James Ferrell
Chairman of the Board3.4yrsUS$200.00k4.9% $1.3m
William Ruisinger
Chief Financial Officer & Treasurer0.4yrsUS$301.90k0.0023% $612.1
Bryan Wright
Senior VP & Chief Operating Officer of Ferrellgas Inc.1.3yrsUS$354.74kno data
Tamria Zertuche
SVP of Business Operations & CIO0.4yrsUS$315.65kno data
Cathy Brown
Vice President of Compliance & Corporate Administration of Ferrellgas Inc.0.4yrsno datano data
Jordan Burns
Vice President & General Counsel1.1yrsno datano data
Scott Brockelmeyer
Vice President of Marketing & Media Relations - Ferrellgas Inc0yrsno datano data
Mark Tucker
Chief Sales Officer0.08yrsno datano data
Jessica Ashe
Vice President of Human Resources1.9yrsno datano data
Thomas Van Buren
Executive Vice President of Ferrell North America & Midstream - Ferrellgas Inc8.1yrsUS$339.34kno data

1.1yrs

Average Tenure

46.5yo

Average Age

Experienced Management: FEG's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
James Ferrell
Chairman of the Board3.4yrsUS$200.00k4.9% $1.3m
John Lowden
Independent Director17.1yrsUS$100.42k0.0052% $1.4k
A. Levison
Independent Director26.1yrsUS$89.17k0.022% $6.1k
Michael Morrissey
Independent Director21.1yrsUS$106.67k0.0062% $1.7k
Pamela Breuckmann
Director6.4yrsUS$89.17k0.043% $11.7k
Stephen Clifford
Director4.3yrsUS$100.42k0.018% $4.7k

19.1yrs

Average Tenure

62.5yo

Average Age

Experienced Board: FEG's board of directors are seasoned and experienced ( 19.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Ferrellgas Partners, L.P.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ferrellgas Partners, L.P.
  • Ticker: FEG
  • Exchange: DB
  • Founded: 1939
  • Industry: Gas Utilities
  • Sector: Utilities
  • Implied Market Cap: US$29.786m
  • Market Cap: US$26.811m
  • Listing Market Cap: US$27.085m
  • Shares outstanding: 98.14m
  • Website: https://www.ferrellgas.com

Location

  • Ferrellgas Partners, L.P.
  • 7500 College Boulevard
  • Suite 1000
  • Overland Park
  • Kansas
  • 66210
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FGPROTCPK (Pink Sheets LLC)YesCommon UnitsUSUSDJun 1994
FEGDB (Deutsche Boerse AG)YesCommon UnitsDEEURJun 1994

Biography

Ferrellgas Partners, L.P. distributes and sells propane and related equipment and supplies. The company transports propane to propane distribution locations, tanks on customers’ premises, or to portable propane tanks delivered to retailers. It conducts its portable tank exchange operations under the Blue Rhino brand name through a network of independent and partnership-owned distribution outlets. The company’s propane is primarily used for space heating, water heating, cooking, outdoor cooking using gas grills, crop drying, irrigation, weed control, and other propane fueled appliances; as an engine fuel for combustion engine vehicles and forklifts; and as a heating or energy source in manufacturing and drying processes. It serves residential, industrial/commercial, portable tank exchange, agricultural, wholesale, and other customers in the United States, the District of Columbia, and Puerto Rico. As of July 31, 2019, it operated 71 service centers and 896 propane distribution locations. The company is also involved in the sale of refined fuels; provision of common carrier services; and retail sale of propane appliances and related parts and fittings, as well as other retail propane related services and consumer products. Ferrellgas Partners, L.P. was founded in 1939 and is headquartered in Overland Park, Kansas. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 22:10
End of Day Share Price2020/02/28 00:00
Earnings2019/10/31
Annual Earnings2019/07/31


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.