What is Suburban Propane Partners LP worth?
With the base-case assumptions below, a discounted cash flow model on Suburban Propane Partners LP's reported free cash flow gives $14.23 per share. The share price was $16.62 on September 25, 2026, 17% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 0.5% | 10.0% | $1.96 | -88% |
| Base | 5.5% | 9.0% | $14.23 | -14% |
| Bull | 10.5% | 8.0% | $38.68 | +133% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $23.23 | $25.97 | $29.32 | $33.50 | $38.89 |
| 8.0% | $16.52 | $18.29 | $20.39 | $22.91 | $25.99 |
| 9.0% | $11.61 | $12.82 | $14.23 | $15.86 | $17.79 |
| 10.0% | $7.87 | $8.73 | $9.71 | $10.83 | $12.12 |
| 11.0% | $4.93 | $5.56 | $6.27 | $7.06 | $7.97 |
Where the presets come from
Base: years 1 to 5 grow at Suburban Propane Partners LP's revenue growth rate over the last 5 fiscal years (5.3% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions