Ferrellgas Partners, L.P.Find Ratings Reports
FERRELLGAS PARTNERS -LP's gross profit margin for the third quarter of its fiscal year 2017 has significantly decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. FERRELLGAS PARTNERS -LP has weak liquidity. Currently, the Quick Ratio is 0.60 which shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.
At the same time, stockholders' equity ("net worth") has significantly decreased by 1,467.46% 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||Q3 FY17||Q3 FY16|
|Net Sales ($mil)||538.11||509.47|
|Net Income ($mil)||6.54||18.69|
|Balance Sheet||Q3 FY17||Q3 FY16|
|Cash & Equiv. ($mil)||11.52||14.37|
|Total Assets ($mil)||1679.27||2372.85|
|Total Debt ($mil)||2116.19||2046.4|
|Profitability||Q3 FY17||Q3 FY16|
|Gross Profit Margin||17.89||25.3|
|Return on Assets||-39.29||-2.64|
|Return on Equity||0.0||-122.56|
|Debt||Q3 FY17||Q3 FY16|
|Share Data||Q3 FY17||Q3 FY16|
|Shares outstanding (mil)||97.15||98.0|
|Div / share||0.1||0.51|
|Book value / share||-7.21||0.52|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||313232.0||383002.0|
SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. Along with this, the price-to-book ratio is also meaningless due to a negative book value for the company, making any comparisons useless. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount.
|FGP NM||Peers 32.43||FGP 5.86||Peers 11.57|
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.
FGP's P/E is negative making this valuation measure meaningless.
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.
FGP is trading at a significant discount to its peers.
|FGP 26.05||Peers 26.12||FGP NA||Peers 2.95|
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.
FGP's ratio is negative making this valuation measure meaningless.
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.
Ratio not available.
|FGP NM||Peers 2.64||FGP -909.09||Peers 16.07|
Neutral. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
FGP's P/B is negative making this valuation measure meaningless.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, FGP is expected to significantly trail its peers on the basis of its earnings growth rate.
|FGP 0.29||Peers 2.16||FGP -5.27||Peers 9.83|
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.
FGP is trading at a significant discount to its industry on this measurement.
Lower. A sales growth rate that trails the industry implies that a company is losing market share.
FGP significantly trails its peers on the basis of sales growth