Ferrellgas Partners, L.P. Financial Ratios — FGPR Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	-3.01	-0.77	4.1	2.27	1.48	-32.29	-3.29	-17.12	-4.89	-5.63	-4.03	2.88	4.83	0.68	- -
Return on Capital (%)	- -	- -	11.5	8.41	- -	- -	- -	- -	- -	- -	- -	9.59	11.37	7.12	- -
Return on Invested Capital (%)	- -	- -	13.05	11.28	- -	- -	- -	- -	- -	- -	- -	17.79	18.58	16.64	- -
Gross Margin (%)	28.45	27.44	37.4	32.89	39.51	43.03	38.31	37.41	45.74	54.2	49	43.89	49.7	53.52	- -
EBITDA Margin (%)	7.92	7.39	12.22	9.77	11.67	14.97	11.04	10	12.04	15.83	17.3	15.53	16.42	16.68	- -
Operating Margin (%)	4.51	3.81	8	6.27	6.8	7.59	5.69	5.09	7.36	10.45	12.43	11.28	11.81	11.32	- -
Incremental Operating Margin (%)	-17.72	24.23	-18.98	-1.65	3.48	114.11	41.14	-3.07	-4.77	-17.47	23.98	5.66	-1.02	16.62	11.32
Pretax Margin (%)	-1.75	-0.42	2.99	1.51	1.47	-32.95	-2.88	-12.52	-3.81	-5.48	-3.9	7.09	6.84	6.06	- -
Profit Margin (%)	-1.8	-0.47	2.86	1.38	1.46	-32.63	-2.81	-12.28	-3.81	-5.51	-3.9	2.27	3.74	0.56	- -
Net Income to Common Margin (%)	-1.78	-0.46	2.83	1.37	1.45	-32.3	-2.78	-12.16	-3.78	-5.45	-5.23	-0.89	0.5	-3.03	- -
Effective Tax Rate (%)	- -	- -	3.14	6.94	- -	- -	- -	- -	- -	- -	- -	0.65	0.71	0.62	- -
Dvd Payout Ratio (%)	-334.83	-1,459.74	277.48	473.91	551.22	-31.37	-147.96	-16.29	-16.29	-1	16.46	116.42	66.98	220.61	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	1,177	1,229	1,239	1,453	1,923	2,107	2,125	2,172	2,194	2,624	1,546	1,525	1,518	1,512	- -
ST Debt	126	170	132	161	145	165	129	93	737	888	27	28	27	25	- -
LT Debt	1,051	1,059	1,107	1,292	1,778	1,941	1,996	2,079	1,457	1,735	1,519	1,497	1,490	1,487	- -
Total Debt/EBITDA	6.13	7.11	5.13	6.18	8.14	6.9	9.97	10.48	10.82	11.07	5.1	4.64	4.56	4.93	- -
Net Debt/EBITDA	6.09	7.06	5.11	6.14	8.11	6.89	9.94	9.9	10.76	9.56	3.88	3.97	4	4.41	- -
Total Debt/EBIT	10.76	13.8	7.84	9.63	13.98	13.62	19.35	20.6	17.69	16.76	7.09	6.39	6.34	7.27	- -
Net Debt/EBIT	10.69	13.71	7.8	9.57	13.92	13.58	19.29	19.47	17.6	14.48	5.39	5.47	5.57	6.49	- -
EBITDA to Interest Expense	1.88	1.85	2.71	2.72	2.35	2.21	1.4	1.23	1.14	1.23	1.75	3.28	3.41	3.12	- -
EBITDA-CapEx/Interest Expense	1.88	1.85	2.71	2.72	2.35	2.21	1.4	1.23	1.09	1.04	1.74	3.27	3.41	3.12	- -
EBIT to Interest Expense	1.07	0.95	1.77	1.74	1.37	1.12	0.72	0.63	0.7	0.81	1.26	2.38	2.45	2.12	- -
Interest Expense	102	93	89	87	100	138	152	168	178	193	174	100	98	98	- -
Common Equity/Total Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Equity (%)	1,189.94	- -	- -	- -	856.04	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	89.09	86.08	89.27	88.91	92.25	92.36	94.11	96	66.65	66.35	98.76	98.68	98.68	98.85	- -
Long-Term Debt/Total Assets (%)	71.95	75.8	81.63	82.19	72.94	115.33	123.96	152.47	115.36	104.03	87.84	93.11	97.32	101.94	- -
Total Debt/Equity (%)	1,332.53	-4,464.2	-1,430.26	-1,301.2	926	-323.21	-280.47	-209.95	-192.61	-217.16	-900.41	-644.87	-613.32	-506.8	- -
Total Debt/Capital (%)	99.77	99.87	99.92	99.95	99.79	100.22	100.19	100.31	100.35	100.31	100.52	100.5	100.48	100.51	- -
Total Debt/Total Assets (%)	80.57	87.94	91.37	92.4	78.9	125.15	131.96	159.31	173.7	157.29	89.4	94.82	99.1	103.65	- -
Net Debt to Equity	1,324.11	-4,433.58	-1,422.8	-1,293.77	922.32	-322.45	-279.71	-198.41	-191.64	-187.66	-684.86	-551.58	-538.53	-452.52	- -
Net Debt/Capital (%)	99.77	99.87	99.92	99.95	99.79	100.23	100.19	100.33	100.35	95.37	92.76	95.22	96.27	97.07	- -
EBITDA	192	173	241	235	236	305	213	207	203	237	303	328	333	306	- -
EBITDA-CapEx	192	173	241	235	236	305	213	207	193	200	302	327	333	306	- -
Operating Income (Loss)	109	89	158	151	138	155	110	105	124	157	218	238	239	208	- -

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	0.02	0.02	0.02	0.02	0.02	0.01	0.02	0.43	0.01	0.22	0.84	0.49	0.49	0.47	- -
Current Ratio	1.1	0.85	0.93	1.03	0.89	0.79	0.87	1.3	0.27	0.5	1.93	1.64	1.68	1.55	- -
Quick Ratio	0.56	0.39	0.46	0.53	0.5	0.43	0.5	0.88	0.13	0.31	1.25	0.98	1.1	0.96	- -
CFO/Avg Current Liab	0.45	0.39	0.65	0.38	0.53	0.5	0.36	0.24	0.03	0.13	0.29	0.51	0.75	0.98	- -
Common Equity/Total Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Equity (%)	1,189.94	- -	- -	- -	856.04	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	89.09	86.08	89.27	88.91	92.25	92.36	94.11	96	66.65	66.35	98.76	98.68	98.68	98.85	- -
Long-Term Debt/Total Assets (%)	71.95	75.8	81.63	82.19	72.94	115.33	123.96	152.47	115.36	104.03	87.84	93.11	97.32	101.94	- -
Total Debt/Equity (%)	1,332.53	-4,464.2	-1,430.26	-1,301.2	926	-323.21	-280.47	-209.95	-192.61	-217.16	-900.41	-644.87	-613.32	-506.8	- -
Total Debt/Capital (%)	99.77	99.87	99.92	99.95	99.79	100.22	100.19	100.31	100.35	100.31	100.52	100.5	100.48	100.51	- -
Total Debt/Total Assets (%)	80.57	87.94	91.37	92.4	78.9	125.15	131.96	159.31	173.7	157.29	89.4	94.82	99.1	103.65	- -
CFO/Total Liabilities	8.57	8.73	14.56	7.46	9.11	8.32	5.38	3.09	0.63	4.53	10.86	8.7	11.93	13.98	- -
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	1.52	3.52	120.37	112.61	- -	- -	- -
Altman's Z-Score	2.8	2.68	2.71	2.85	1.76	2.14	2.03	2.53	1.43	1.03	2.08	2.52	2.61	2.48	- -

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	24.53	16.06	15.05	15.13	10.53	11.62	12.6	14.54	14.29	14.25	14.74	14.6	12.74	12.78	- -
Days Sales Outstanding	14.88	22.72	24.25	24.12	34.67	31.41	28.97	25.1	25.54	25.62	24.77	25.01	28.65	28.56	- -
Inventory Turnover	11.44	12.87	10.11	12.27	10.09	12.4	13	14.73	11.14	8.96	11.11	11.66	9.56	8.8	- -
Days Inventory Outstanding	31.9	28.36	36.11	29.74	36.18	29.43	28.07	24.79	32.78	40.73	32.85	31.31	38.19	41.49	- -
Accounts Payable Turnover	29.31	29.28	25.3	27.74	15.33	15.22	15.54	19.47	22.71	20.15	22.24	23	21.62	24.71	-5.68
Accounts Payable Turnover Days	12.45	12.47	14.43	13.16	23.81	23.99	23.48	18.75	16.07	18.11	16.41	15.87	16.88	14.77	-64.29
Cash Conversion Cycle	34.33	38.61	45.93	40.7	47.03	36.85	33.55	31.14	42.25	48.24	41.21	40.45	49.96	55.28	- -
Inventory to Cash Days	-17.02	-5.64	-11.86	-5.62	-1.51	1.99	0.9	0.31	-7.24	-15.11	-8.08	-6.3	-9.54	-12.93	- -
Inventories	136	128	117	146	97	91	93	84	80	73	88	115	98	96	- -
Raw Materials	136	17	22	25	28	26	26	13	14	14	13	19	21	22	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	111	95	121	69	64	67	71	66	59	76	97	77	74	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	104	57	38	54	68
- Cash & Cash Equivalents	7	8	6	8	8	5	6	119	11	238	270	148	126	113	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	3	2	1	1	4	-5	-4	-7	-8	-8	-8	-8	-7	-8	- -
+ Total Debt	1,177	1,229	1,239	1,453	1,923	2,107	2,125	2,172	2,194	2,624	1,546	1,525	1,518	1,512	- -
Enterprise Value	1,172	1,222	1,233	1,445	1,920	2,097	2,115	2,046	2,175	2,378	1,372	1,427	1,423	1,445	68
Total Capital	1,180	1,230	1,240	1,453	1,927	2,102	2,121	2,165	2,186	2,616	1,538	1,517	1,510	1,504	- -
Total Debt/Capital (%)	99.77	99.87	99.92	99.95	99.79	100.22	100.19	100.31	100.35	100.31	100.52	100.5	100.48	100.51	- -
Total Debt / EV	1	1.01	1	1.01	1	1	1	1.06	1.01	1.1	1.13	1.07	1.07	1.05	- -
EV/Sales	0.48	0.52	0.62	0.6	0.95	1.03	1.1	0.99	1.29	1.59	0.78	0.67	0.7	0.79	- -
EV/EBITDA	6.11	7.07	5.11	6.15	8.13	6.87	9.92	9.87	10.72	10.03	4.52	4.35	4.28	4.72	- -
EV/EBIT	10.71	13.73	7.81	9.58	13.95	13.55	19.26	19.4	17.54	15.18	6.29	5.98	5.94	6.95	- -
EV/Cash Flow to Firm	5.27	5.35	4.16	7.01	6.3	6.31	7.64	8.49	11.24	7.31	3.59	5.49	4.6	4.21	- -
EV/Free Cash Flow to Firm	5.27	5.35	4.16	7.01	6.3	6.31	7.64	8.49	10.69	6.56	3.58	5.46	4.6	4.21	- -
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	104	57	38	54	68
Diluted Enterprise Value	1,172	1,222	1,233	1,445	1,920	2,097	2,115	2,046	2,175	2,378	1,372	1,427	1,423	1,445	68
EV per Share	324.18	315.05	312.13	362.87	453.58	424.99	435.03	421.16	447.75	489.46	282.35	293.75	292.88	297.49	14
TTM Sales	2,423	2,339	1,975	2,406	2,024	2,039	1,930	2,073	1,684	1,498	1,754	2,115	2,026	1,837	- -
TTM EBITDA	192	173	241	235	236	305	213	207	203	237	303	328	333	306	- -
TTM Operating Income	109	89	158	151	138	155	110	105	124	157	218	238	239	208	- -
TTM Cash Flow to Firm	222	228	296	206	305	332	277	241	194	325	382	260	309	343	- -
TTM Free Cash Flow to Firm	222	228	296	206	305	332	277	241	204	362	384	261	309	343	- -

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.5	0.35	0.18	0.22	- -
EV/EBIT	10.71	13.73	7.81	9.58	13.95	13.55	19.26	19.4	17.54	15.18	6.29	5.98	5.94	6.95	- -
Enterprise Value	1,172	1,222	1,233	1,445	1,920	2,097	2,115	2,046	2,175	2,378	1,372	1,427	1,423	1,445	68
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	10	10.62	6.14	6	5.6
EV/Sales	0.48	0.52	0.62	0.6	0.95	1.03	1.1	0.99	1.29	1.59	0.78	0.67	0.7	0.79	- -
EV/EBITDA	6.11	7.07	5.11	6.15	8.13	6.87	9.92	9.87	10.72	10.03	4.52	4.35	4.28	4.72	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.78	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-0.84	-4.58	4.25	-0.82	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1.33	-6.56	5.9	-1.57	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-0.53	-2.75	2.93	-0.52	- -
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-0.2	-0.1	-0.06	-0.08	- -
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-0.15	-0.15	-0.07	-0.07	- -
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-0.23	-0.21	-0.1	-0.13	- -
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-0.09	-0.09	-0.05	-0.04	- -
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.06	0.03	0.02	0.03	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.04	0.04	0.02	0.02	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.07	0.06	0.03	0.05	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.03	0.02	0.01	0.02	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.5	0.36	0.18	0.22	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.37	0.54	0.2	0.19	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.59	0.77	0.28	0.36	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.24	0.32	0.14	0.12	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.37	0.53	0.2	0.19	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.59	0.76	0.28	0.36	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.23	0.32	0.14	0.12	- -
EV/Sales Average	0.48	0.52	0.62	0.6	0.95	1.03	1.1	0.99	1.29	1.59	0.77	0.69	0.7	0.78	- -
EV/Sales High	0.48	0.52	0.62	0.6	0.95	1.03	1.1	0.99	1.29	1.59	0.79	0.71	0.71	0.8	- -
EV/Sales Low	0.48	0.52	0.62	0.6	0.95	1.03	1.1	0.99	1.29	1.59	0.75	0.67	0.7	0.77	- -
EV/EBITDA Average	6.11	7.07	5.11	6.15	8.13	6.87	9.92	9.87	10.72	10.03	4.43	4.43	4.29	4.69	- -
EV/EBITDA High	6.11	7.07	5.11	6.15	8.13	6.87	9.92	9.87	10.72	10.03	4.58	4.55	4.34	4.82	- -
EV/EBITDA Low	6.11	7.07	5.11	6.15	8.13	6.87	9.92	9.87	10.72	10.03	4.34	4.33	4.25	4.63	- -
EV/EBIT Average	10.71	13.73	7.81	9.58	13.95	13.55	19.26	19.4	17.54	15.18	6.17	6.1	5.96	6.91	- -
EV/EBIT High	10.71	13.73	7.81	9.58	13.95	13.55	19.26	19.4	17.54	15.18	6.37	6.26	6.03	7.11	- -
EV/EBIT Low	10.71	13.73	7.81	9.58	13.95	13.55	19.26	19.4	17.54	15.18	6.04	5.96	5.91	6.83	- -
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.37	11.79	7.92	11.2	14
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	25.12	25.34	12.36	18	14.5
Enterprise Value Average	1,172	1,222	1,233	1,445	1,920	2,097	2,115	2,046	2,175	2,378	1,345	1,456	1,427	1,436	48
Enterprise Value High	1,172	1,222	1,233	1,445	1,920	2,097	2,115	2,046	2,175	2,378	1,390	1,493	1,444	1,478	70
Enterprise Value Low	1,172	1,222	1,233	1,445	1,920	2,097	2,115	2,046	2,175	2,378	1,316	1,421	1,414	1,420	27

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	4	4	4	4	5	5	5	5	5	5	6	6	6	6	- -
Diluted Weighted Avg Shares	4	4	4	4	4	5	5	5	5	5	5	5	5	5	5
Basic Weighted Avg Shares	4	4	4	4	4	5	5	5	5	5	5	5	5	5	5
Revenue per Share	670.2	603.07	499.87	604.1	478.32	413.32	397.06	426.78	346.75	308.34	361.12	435.27	417.17	378.16	- -
EBITDA per Share	53.07	44.57	61.08	59.03	55.81	61.86	43.85	42.66	41.76	48.8	62.47	67.6	68.5	63.07	- -
Operating Income per Share	30.26	22.95	39.99	37.89	32.52	31.35	22.59	21.71	25.53	32.24	44.9	49.09	49.28	42.8	- -
Basic EPS, GAAP	-11.95	-2.8	14.14	8.26	6.93	-133.51	-11.04	-51.88	-13.09	-16.81	-18.89	-3.86	2.09	-11.46	- -
Basic EPS from Cont Ops	-12.1	-2.81	14.47	8.47	7.11	-136.2	-11.21	-52.87	-13.29	-17.09	-14.23	30.64	28.33	22.78	- -
Diluted EPS, GAAP	-11.95	-2.8	14.14	8.25	6.93	-133.51	-11.04	-51.88	-13.09	-16.81	-18.89	-3.86	2.09	-11.46	- -
Diluted EPS from Cont Ops	-12.1	-2.81	14.47	8.46	7.11	-136.2	-11.21	-52.87	-13.29	-17.09	-14.23	30.64	28.33	22.78	- -
Dividend per Share	40.1	40.35	40.41	40.41	39.48	41.38	16.4	8.08	2.02	- -	1.65	33.63	23.54	34.11	- -
Cash Flow per Share	32.51	32.07	53.17	31.55	47.98	39.38	26.18	15.26	3.1	26.84	42.49	33.03	43.7	50.55	- -
Free Cash Flow per Basic Share	32.51	32.07	53.17	31.55	47.98	39.38	26.18	15.26	1.06	19.21	42.14	32.74	43.7	50.55	- -
Cash & Equivalents per Share	2.06	2.17	1.64	2.08	1.81	1.01	1.18	24.56	2.28	49	55.67	30.37	25.98	23.36	- -
Book Value per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Tangible Book Value per Share	-100.88	-120.04	-133.99	-165.98	-201.09	-240.79	-260.15	-288.52	-307.7	-321.04	-106.92	-121.7	-125.8	-137.4	- -

Ferrellgas Partners, L.P.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)