Financials Sunoco LP

Equities

SUN

US86765K1097

Oil & Gas Refining and Marketing

Market Closed - Nyse 04:00:02 2024-06-07 pm EDT 5-day change 1st Jan Change
53.54 USD -1.76% Intraday chart for Sunoco LP +4.98% -10.66%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,532 2,391 3,403 3,610 5,038 4,522 - -
Enterprise Value (EV) 1 5,582 5,406 6,633 7,099 8,589 11,339 11,109 10,846
P/E ratio 10.9 x 17.9 x 7.73 x 9.21 x 16.4 x 7.76 x 8.01 x 8.29 x
Yield 10.8% 11.5% 8.08% 7.66% 5.62% 6.54% 6.71% 7.02%
Capitalization / Revenue 0.15 x 0.22 x 0.19 x 0.14 x 0.22 x 0.2 x 0.2 x 0.3 x
EV / Revenue 0.34 x 0.5 x 0.38 x 0.28 x 0.37 x 0.5 x 0.48 x 0.72 x
EV / EBITDA 8.39 x 7.32 x 8.8 x 7.72 x 8.91 x 7.59 x 6.04 x 5.6 x
EV / FCF 19.5 x 14.3 x 18 x 18.9 x 22.3 x 18.3 x 14.4 x 12.7 x
FCF Yield 5.14% 6.99% 5.56% 5.28% 4.48% 5.47% 6.93% 7.89%
Price to Book 4.04 x 4.54 x 4.21 x - - - - -
Nbr of stocks (in thousands) 82,750 83,089 83,352 83,763 84,065 84,453 - -
Reference price 2 30.60 28.78 40.83 43.10 59.93 53.54 53.54 53.54
Announcement Date 2/19/20 2/17/21 2/16/22 2/15/23 2/14/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 16,596 10,710 17,596 25,729 23,068 22,888 23,026 15,164
EBITDA 1 665 739 754 919 964 1,494 1,839 1,936
EBIT 1 464 417 749 678 635 1,257 1,455 1,469
Operating Margin 2.8% 3.89% 4.26% 2.64% 2.75% 5.49% 6.32% 9.68%
Earnings before Tax (EBT) 1 296 236 554 501 430 934.9 1,086 989.1
Net income 1 313 212 524 475 394 836.4 913.1 951.8
Net margin 1.89% 1.98% 2.98% 1.85% 1.71% 3.65% 3.97% 6.28%
EPS 2 2.820 1.610 5.280 4.680 3.650 6.899 6.681 6.460
Free Cash Flow 1 287 378 369 375 385 620 770 856
FCF margin 1.73% 3.53% 2.1% 1.46% 1.67% 2.71% 3.34% 5.64%
FCF Conversion (EBITDA) 43.16% 51.15% 48.94% 40.81% 39.94% 41.49% 41.87% 44.21%
FCF Conversion (Net income) 91.69% 178.3% 70.42% 78.95% 97.72% 74.13% 84.32% 89.94%
Dividend per Share 2 3.302 3.300 3.300 3.300 3.368 3.502 3.595 3.759
Announcement Date 2/19/20 2/17/21 2/16/22 2/15/23 2/14/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 4,954 5,402 7,815 6,594 5,918 5,362 5,745 6,320 5,641 5,499 5,826 6,121 6,244 2,961 5,992
EBITDA 1 198 191 214 276 238 221 250 257 236 242 342.8 445.4 449.6 438.4 453.2
EBIT 1 176 259 173 150 96 199 141 338 -43 297 293.2 360 366.7 367.8 406
Operating Margin 3.55% 4.79% 2.21% 2.27% 1.62% 3.71% 2.45% 5.35% -0.76% 5.4% 5.03% 5.88% 5.87% 12.42% 6.78%
Earnings before Tax (EBT) 1 109 219 129 102 51 148 96 283 -97 237 215 291 294 292 303
Net income 1 100 216 121 83 55 141 87 272 -106 230 183 216 217.3 286 296
Net margin 2.02% 4% 1.55% 1.26% 0.93% 2.63% 1.51% 4.3% -1.88% 4.18% 3.14% 3.53% 3.48% 9.66% 4.94%
EPS 2 0.9500 2.320 1.200 0.7500 0.4200 1.410 0.7800 2.950 -1.500 2.260 1.609 1.605 1.605 1.850 1.955
Dividend per Share 2 0.8255 0.8255 0.8255 0.8255 0.8255 0.8420 0.8420 0.8420 0.8420 0.8756 0.8768 0.8768 0.8768 0.9037 0.9078
Announcement Date 2/16/22 5/4/22 8/3/22 11/1/22 2/15/23 5/2/23 8/2/23 11/1/23 2/14/24 5/8/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 3,050 3,015 3,230 3,489 3,551 6,818 6,588 6,324
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.586 x 4.08 x 4.284 x 3.797 x 3.684 x 4.562 x 3.582 x 3.266 x
Free Cash Flow 1 287 378 369 375 385 620 770 856
ROE (net income / shareholders' equity) 40.6% 30.5% 72.6% 54.2% 51.9% 28.1% 21.8% 22.1%
ROA (Net income/ Total Assets) 6.07% 3.96% 9.46% 7.51% 5.77% 7.9% 6.65% 7.14%
Assets 1 5,158 5,352 5,541 6,322 6,828 10,586 13,723 13,334
Book Value Per Share 7.570 6.340 9.690 - - - - -
Cash Flow per Share - 6.000 6.430 - - - - -
Capex 1 148 124 174 186 215 270 455 462
Capex / Sales 0.89% 1.16% 0.99% 0.72% 0.93% 1.18% 1.98% 3.05%
Announcement Date 2/19/20 2/17/21 2/16/22 2/15/23 2/14/24 - - -
1USD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
53.54 USD
Average target price
62 USD
Spread / Average Target
+15.80%
Consensus