SPH:NYSESuburban Propane Partners, L.P. Analysis
Data as of 2026-05-02 - not real-time
$19.89
Latest Price
5/10Risk
Risk Level: Medium
Executive Summary
Suburban Propane Partners trades at a **PE of 9.9**, far below the industry average of 22.8, suggesting a substantial valuation discount. The stock delivers a **6.5% dividend yield** with a payout ratio of ~65%, but its balance sheet is heavily leveraged (debt‑to‑equity > 200) and cash reserves are modest, raising questions about long‑term dividend sustainability.
Technically, the price sits between the 20‑day (19.51) and 50‑day (20.02) SMAs, the RSI is neutral at 54, and the MACD histogram is positive, indicating a modest bullish bias toward the nearby resistance at $20.32. Recent news – an expanded NASCAR partnership, a quarterly distribution of $0.325 per unit, and an analyst price‑target lift to $25 – adds momentum, while the low beta (0.22) and moderate 30‑day volatility (22%) point to limited downside risk.
Technically, the price sits between the 20‑day (19.51) and 50‑day (20.02) SMAs, the RSI is neutral at 54, and the MACD histogram is positive, indicating a modest bullish bias toward the nearby resistance at $20.32. Recent news – an expanded NASCAR partnership, a quarterly distribution of $0.325 per unit, and an analyst price‑target lift to $25 – adds momentum, while the low beta (0.22) and moderate 30‑day volatility (22%) point to limited downside risk.
Market Outlook
Short Term
< 1 yearNeutral
Model confidence: 6/10
Key Factors
- Price near short‑term resistance at $20.32
- Neutral technical indicators (RSI, SMA alignment)
- Recent dividend distribution supports short‑term demand
Medium Term
1–3 yearsPositive
Model confidence: 7/10
Key Factors
- Valuation discount (PE 9.9 vs industry 22.8)
- High dividend yield and recent analyst target raise
- Bullish MACD signal and increasing volume
Long Term
> 3 yearsPositive
Model confidence: 7/10
Key Factors
- Stable cash‑flow generation supporting dividend
- Low beta and regulated utility exposure limiting volatility
- Strategic NASCAR partnership expanding brand visibility
Key Metrics & Analysis
Financial Health
Revenue Growth-0.80%
Profit Margin9.30%
P/E Ratio9.9
ROE22.70%
ROA5.60%
Debt/Equity229.14
P/B Ratio2.1
Op. Cash Flow$129.8M
Free Cash Flow$49.0M
Industry P/E22.8
Technical Analysis
TrendNeutral
RSI54.1
Support$18.30
Resistance$20.32
MA 20$19.51
MA 50$20.02
MA 200$19.13
MACDBullish
VolumeIncreasing
Fear & Greed Index91.09
Valuation
Target Price$17.00
Upside/Downside-14.53%
GradeUndervalued
TypeValue
Dividend Yield6.54%
Risk Assessment
Beta0.22
Volatility22.12%
Sector RiskLow
Reg. RiskLow
Geo RiskLow
Currency RiskLow
Liquidity RiskLow
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.