CrossAmerica Partners LP representing limited partner interests
Find Ratings ReportsCROSSAMERICA PARTNERS LP's gross profit margin for the fourth quarter of its fiscal year 2023 has increased 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 subsector, the net income growth did not. CROSSAMERICA PARTNERS LP has very weak liquidity. Currently, the Quick Ratio is 0.23 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has significantly decreased by 94.32% 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 FY23 | Q4 FY22 |
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Net Sales ($mil) | 941.99 | 1058.86 |
EBITDA ($mil) | 46.49 | 43.44 |
EBIT ($mil) | 27.54 | 24.44 |
Net Income ($mil) | 16.1 | 16.5 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 4.99 | 16.05 |
Total Assets ($mil) | 1181.68 | 1254.6 |
Total Debt ($mil) | 910.47 | 943.35 |
Equity ($mil) | 3.01 | 52.98 |
Profitability | Q4 FY23 | Q4 FY22 |
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Gross Profit Margin | 10.83 | 8.81 |
EBITDA Margin | 4.93 | 4.1 |
Operating Margin | 2.92 | 2.31 |
Sales Turnover | 3.46 | 3.74 |
Return on Assets | 3.39 | 4.93 |
Return on Equity | 1333.69 | 116.98 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.67 | 0.68 |
Debt/Capital | 1.0 | 0.95 |
Interest Expense | 10.49 | 9.77 |
Interest Coverage | 2.63 | 2.5 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 37.98 | 37.94 |
Div / share | 0.53 | 0.53 |
EPS | 0.42 | 0.43 |
Book value / share | 0.08 | 1.4 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 45336.0 | 48556.0 |
HOLD. This stock's P/E ratio indicates a discount compared to an average of 23.56 for the Merchant Wholesalers, Nondurable Goods subsector and a discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 280.17 indicates a significant premium versus the S&P 500 average of 4.68 and a significant premium versus the subsector average of 20.75. The current price-to-sales ratio is well below the S&P 500 average and is also below the subsector average, indicating a discount. The valuation analysis reveals that, CROSSAMERICA PARTNERS LP seems to be trading at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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CAPL 21.12 | Peers 23.56 | CAPL 7.20 | Peers 12.26 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. CAPL is trading at a discount to its peers. |
Discount. 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. CAPL is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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CAPL 22.63 | Peers 14.94 | CAPL NM | Peers 1.03 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. CAPL 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. CAPL's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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CAPL 280.17 | Peers 20.75 | CAPL -35.19 | Peers 39.44 | |||||||||||||||||||||
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. CAPL 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, CAPL is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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CAPL 0.21 | Peers 0.57 | CAPL -12.92 | Peers 2.59 | |||||||||||||||||||||
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. CAPL is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. CAPL significantly trails its peers on the basis of sales growth. |
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