Ferrellgas Partners, L.P.

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FGP : NYSE :
$5.02 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 0
09/21/17 - 4:02 PM ET

Financial Analysis


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 ($mil)538.11509.47
EBITDA ($mil)74.3398.36
EBIT ($mil)48.5960.01
Net Income ($mil)6.5418.69


Balance Sheet Q3 FY17 Q3 FY16
Cash & Equiv. ($mil)11.5214.37
Total Assets ($mil)1679.272372.85
Total Debt ($mil)2116.192046.4
Equity ($mil)-700.1751.2


Profitability Q3 FY17 Q3 FY16
Gross Profit Margin17.8925.3
EBITDA Margin13.8119.3
Operating Margin9.0311.78
Sales Turnover1.140.85
Return on Assets-39.29-2.64
Return on Equity0.0-122.56
Debt Q3 FY17 Q3 FY16
Current Ratio0.930.99
Debt/Capital1.490.98
Interest Expense39.8634.37
Interest Coverage1.221.75


Share Data Q3 FY17 Q3 FY16
Shares outstanding (mil)97.1598.0
Div / share0.10.51
EPS0.070.19
Book value / share-7.210.52
Institutional Own % n/a n/a
Avg Daily Volume313232.0383002.0

Valuation


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.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   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.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
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.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
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.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
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

 

 

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