Discounted Cash Flow

Suburban Propane Partners L.P. LP

SPH · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $1.0b $14.4m $118.7m 1.4% $0.24
2017 $1.2b (13.6%) $38.0m (163.1%) $132.2m (11.3%) 3.2% (131.7%) $0.62 (158.3%)
2018 $1.3b (13.2%) $76.5m (101.4%) $175.6m (32.9%) 5.7% (78.0%) $1.24 (100.0%)
2019 $1.3b (-5.7%) $68.6m (-10.3%) $191.8m (9.2%) 5.4% (-4.9%) $1.11 (-10.5%)
2020 $1.1b (-12.6%) $60.8m (-11.5%) $176.9m (-7.8%) 5.5% (1.3%) $0.98 (-11.7%)
2021 $1.3b (16.3%) $122.8m (102.1%) $196.7m (11.2%) 9.5% (73.7%) $1.96 (100.0%)
2022 $1.5b (16.5%) $139.7m (13.8%) $176.2m (-10.4%) 9.3% (-2.3%) $2.21 (12.8%)
2023 $1.4b (-4.8%) $123.8m (-11.4%) $180.3m (2.3%) 8.7% (-6.9%) $1.94 (-12.2%)
2024 $1.3b (-7.1%) $74.2m (-40.1%) $101.2m (-43.9%) 5.6% (-35.5%) $1.15 (-40.7%)
2025 $1.4b (7.9%) $106.6m (43.7%) $114.3m (13.0%) 7.4% (33.1%) $1.64 (42.6%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model