AmeriGas Partners LP

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APU : NYSE : Utilities
$43.66 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 180200.0
06/22/17 - 4:02 PM ET

Financial Analysis


AMERIGAS PARTNERS -LP's gross profit margin for the second quarter of its fiscal year 2017 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased. AMERIGAS PARTNERS -LP has weak liquidity. Currently, the Quick Ratio is 0.80 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.

During the same period, stockholders' equity ("net worth") has decreased by 22.09% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.

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Income Statement Q2 FY17 Q2 FY16
Net Sales ($mil)863.66827.49
EBITDA ($mil)238.05328.98
EBIT ($mil)194.24282.75
Net Income ($mil)135.09245.91


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)94.5415.74
Total Assets ($mil)4228.264187.72
Total Debt ($mil)2671.892347.53
Equity ($mil)1013.711301.24


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin55.3568.58
EBITDA Margin27.5639.75
Operating Margin22.4934.17
Sales Turnover0.560.57
Return on Assets2.536.0
Return on Equity10.5619.33
Debt Q2 FY17 Q2 FY16
Current Ratio1.130.94
Debt/Capital0.730.64
Interest Expense39.9940.81
Interest Coverage4.866.93


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)92.9692.92
Div / share0.940.92
EPS1.141.74
Book value / share10.9114.0
Institutional Own % n/a n/a
Avg Daily Volume176076.0205633.0

Valuation


BUY. AMERIGAS PARTNERS -LP's P/E ratio indicates a significant premium compared to an average of 29.58 for the Gas Utilities industry and a significant premium compared to the S&P 500 average of 25.73. For additional comparison, its price-to-book ratio of 4.05 indicates a premium versus the S&P 500 average of 3.08 and a premium versus the industry average of 2.57. 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 86.67 Peers 29.58   APU 11.70 Peers 11.82

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 15.56 Peers 24.93   APU NM Peers 3.48

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

APU is trading at a significant premium to its peers.

 

Neutral. 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's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
APU 4.05 Peers 2.57   APU -66.45 Peers 34.96

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.

 

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

However, APU is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
APU 1.73 Peers 2.13   APU 0.56 Peers 5.96

Discount. 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 discount to 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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