SPH

Suburban Propane Partners, L.P.

Energy · $1.1B market cap

Verdict

Share price

$16.67

close of Oct 3, 2026

Fair value

$20.95

Sticker Price

Payback Price

$8.38

buy price

Undervalued

SPH is Undervalued: at $16.67 it trades 20% below its fair value of $20.95. Its buy price (Payback Price) is $8.38, 50% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.

How we valued it

Owner Earnings. Earnings have been shrinking, but the business still generates cash, so we value it on its cash flow instead of its earnings.

Business quality

0 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth-1.7% a year✗
Equity per share growth-0.8% a year✗
Sales growth-0.0% a year✗
Free cash flow growth0.6% a year✗
Return on invested capital9.6%✗

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Insider activity

Since Aug 31, 2026: no open-market purchases and 1 sale worth $50K. Why purchases matter

Sales

About Suburban Propane Partners, L.P.

Suburban Propane Partners, L.P. is a nationwide marketer and distributor of a diverse array of energy-related products, specializing in propane, fuel oil and refined fuels. It serves approximately 1 million residential, commercial, industrial, and agricultural customers across 42 states through approximately 700 locations. The company operates through segments including Propane, Fuel Oil and Refined Fuels, Natural…

Oil & Gas Energy

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works