Ferrellgas Partners LP

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FGP : NYSE : Basic Materials
$11.77 -1.23 | -9.46%
Today's Range: 11.61 - 12.67
Avg. Daily Volume: 253,400
09/29/16 - 4:02 PM ET

Financial Analysis


FERRELLGAS PARTNERS -LP's gross profit margin for the third quarter of its fiscal year 2016 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 industry, the net income growth did not. FERRELLGAS PARTNERS -LP has weak liquidity. Currently, the Quick Ratio is 0.64 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 greatly increased by 149.13% 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 FY16 Q3 FY15
Net Sales ($mil)509.47532.55
EBITDA ($mil)98.3686.05
EBIT ($mil)60.0162.72
Net Income ($mil)18.6935.81


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)14.3723.95
Total Assets ($mil)2372.851592.86
Total Debt ($mil)2046.41461.39
Equity ($mil)51.2-104.2


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin25.320.99
EBITDA Margin19.316.15
Operating Margin11.7811.78
Sales Turnover0.851.28
Return on Assets-2.642.54
Return on Equity-122.560.0
Debt Q3 FY16 Q3 FY15
Current Ratio0.991.07
Debt/Capital0.981.08
Interest Expense34.3723.51
Interest Coverage1.752.67


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)98.082.72
Div / share0.510.5
EPS0.190.43
Book value / share0.52-1.26
Institutional Own % n/a n/a
Avg Daily Volume242919.0326081.0

Valuation


HOLD. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 32.52 indicates a significant premium versus the S&P 500 average of 2.82 and a significant premium versus the industry average of 3.46. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. After reviewing these and other key valuation criteria, FERRELLGAS 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
FGP NM Peers 37.69   FGP 8.89 Peers 11.08

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 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 44.71 Peers 25.62   FGP NA Peers 2.26

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 32.52 Peers 3.46   FGP -294.11 Peers -23.01

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.

FGP 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, 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 0.83 Peers 2.22   FGP -1.40 Peers -17.39

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.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

FGP has a sales growth rate that significantly exceeds its peers.

 

 

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