Ferrellgas Partners LP

Find Ratings Reports
FGP : NYSE : Basic Materials
$5.76 -0.15 | -2.5%
Today's Range: 5.65 - 5.91
Avg. Daily Volume: 1053100.0
02/24/17 - 10:13 AM ET

Financial Analysis

FERRELLGAS PARTNERS -LP's gross profit margin for the first quarter of its fiscal year 2017 has decreased when compared to the same period a year ago. Even though sales decreased, the net income has increased. FERRELLGAS PARTNERS -LP has very weak liquidity. Currently, the Quick Ratio is 0.39 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 890.72% 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 Q1 FY17 Q1 FY16
Net Sales ($mil)379.54471.15
EBITDA ($mil)23.4833.63
EBIT ($mil)-2.72-3.35
Net Income ($mil)-43.07-79.79

Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)15.9424.49
Total Assets ($mil)1667.222386.19
Total Debt ($mil)2136.041986.57
Equity ($mil)-741.4293.76

Profitability Q1 FY17 Q1 FY16
Gross Profit Margin12.8713.81
EBITDA Margin6.187.13
Operating Margin-0.72-0.71
Sales Turnover1.170.86
Return on Assets-37.7-0.72
Return on Equity0.0-18.44
Debt Q1 FY17 Q1 FY16
Current Ratio0.70.8
Interest Expense35.4333.79
Interest Coverage-0.08-0.1

Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)97.15100.38
Div / share0.510.51
Book value / share-7.630.93
Institutional Own % n/a n/a
Avg Daily Volume1081462.0772807.0


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.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
FGP NM Peers 25.47   FGP 2.99 Peers 11.21

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.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
FGP 22.03 Peers 21.85   FGP NA Peers 2.34

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

FGP 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.

Ratio not available.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
FGP NM Peers 2.65   FGP -5672.72 Peers -48.38

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.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
FGP 0.32 Peers 2.07   FGP -5.09 Peers -8.44

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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