AmeriGas Partners LP

Find Ratings Reports
APU : NYSE : Utilities
$44.59 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 194600.0
12/08/16 - 4:02 PM ET

Financial Analysis


AMERIGAS PARTNERS -LP's gross profit margin for the fourth quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, although the growth in revenues underperformed the average competitor within the industry, the net income growth did not. AMERIGAS PARTNERS -LP has very weak liquidity. Currently, the Quick Ratio is 0.37 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity decreased from the same period a year ago, despite already having very weak liquidity to begin with. This would indicate deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has decreased by 15.46% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.

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Income Statement Q4 FY16 Q4 FY15
Net Sales ($mil)393.55418.24
EBITDA ($mil)1.9830.95
EBIT ($mil)-43.78-17.21
Net Income ($mil)-86.83-49.7


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)15.8314.76
Total Assets ($mil)4057.774141.71
Total Debt ($mil)2487.012351.6
Equity ($mil)984.221164.22


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin62.0561.43
EBITDA Margin0.57.4
Operating Margin-11.12-4.12
Sales Turnover0.570.7
Return on Assets5.15.09
Return on Equity21.0318.14
Debt Q4 FY16 Q4 FY15
Current Ratio0.590.67
Debt/Capital0.720.67
Interest Expense41.4340.44
Interest Coverage-1.06-0.43


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)92.9292.89
Div / share0.940.92
EPS-1.04-0.62
Book value / share10.5912.53
Institutional Own % n/a n/a
Avg Daily Volume193593.0210254.0

Valuation


HOLD. AMERIGAS PARTNERS -LP's P/E ratio indicates a significant premium compared to an average of 28.70 for the Gas Utilities industry and a significant premium compared to the S&P 500 average of 25.22. To use another comparison, its price-to-book ratio of 4.28 indicates a premium versus the S&P 500 average of 2.79 and a significant premium versus the industry average of 2.49. The price-to-sales ratio is below both the S&P 500 average and the industry average, indicating a discount. After reviewing these and other key valuation criteria, AMERIGAS PARTNERS -LP proves to trade at a premium to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
APU 44.93 Peers 28.70   APU 9.97 Peers 9.79

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

APU is trading at a significant premium to its peers.

 

Average. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

APU is trading at a valuation on par to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
APU 16.38 Peers 20.79   APU 0.95 Peers 3.67

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

APU is trading at a discount to its peers.

 

Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

APU trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
APU 4.28 Peers 2.49   APU 46.37 Peers -15.32

Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

APU is trading at a significant premium to its peers.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

APU is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
APU 1.82 Peers 1.96   APU -19.88 Peers -15.51

Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

APU is trading at a valuation on par with its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

APU significantly trails its peers on the basis of sales growth

 

 

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