SP PLUS CORP (SP) Stock Fundamental Analysis
USA - NASDAQ:SP - US78469C1036 - Common Stock
53.99 USD
+0.02 (+0.04%)
53.99 USD
0 (0%)
SP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 84 industry peers in the Commercial Services & Supplies industry. SP has a medium profitability rating, but doesn't score so well on its financial health evaluation. SP has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year SP was profitable.
In the past year SP had a positive cash flow from operations.
Of the past 5 years SP 4 years were profitable.
Each year in the past 5 years SP had a positive operating cash flow.
1.2 Ratios
SP has a Return On Assets of 2.65%. This is in the better half of the industry: SP outperforms 63.10% of its industry peers.
SP has a better Return On Equity (11.63%) than 73.81% of its industry peers.
SP has a Return On Invested Capital of 8.70%. This is in the better half of the industry: SP outperforms 78.57% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SP is below the industry average of 10.17%.
The last Return On Invested Capital (8.70%) for SP is above the 3 year average (7.88%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.65% | ||
| ROE | 11.63% | ||
| ROIC | 8.7% |
ROA(3y)3.19%
ROA(5y)-0.46%
ROE(3y)15.55%
ROE(5y)-6.94%
ROIC(3y)7.88%
ROIC(5y)6.28%
1.3 Margins
Looking at the Profit Margin, with a value of 1.68%, SP is in line with its industry, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Profit Margin of SP has declined.
SP has a Operating Margin (5.43%) which is in line with its industry peers.
In the last couple of years the Operating Margin of SP has remained more or less at the same level.
The Gross Margin of SP (14.26%) is worse than 76.19% of its industry peers.
In the last couple of years the Gross Margin of SP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.43% | ||
| PM (TTM) | 1.68% | ||
| GM | 14.26% |
OM growth 3Y40.67%
OM growth 5Y-1.13%
PM growth 3YN/A
PM growth 5Y-13.59%
GM growth 3Y6.65%
GM growth 5Y2.57%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SP is still creating some value.
Compared to 1 year ago, SP has about the same amount of shares outstanding.
Compared to 5 years ago, SP has less shares outstanding
Compared to 1 year ago, SP has an improved debt to assets ratio.
2.2 Solvency
SP has an Altman-Z score of 2.61. This is not the best score and indicates that SP is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.61, SP is in line with its industry, outperforming 59.52% of the companies in the same industry.
SP has a debt to FCF ratio of 8.26. This is a slightly negative value and a sign of low solvency as SP would need 8.26 years to pay back of all of its debts.
With a Debt to FCF ratio value of 8.26, SP perfoms like the industry average, outperforming 53.57% of the companies in the same industry.
A Debt/Equity ratio of 1.27 is on the high side and indicates that SP has dependencies on debt financing.
With a Debt to Equity ratio value of 1.27, SP is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 8.26 | ||
| Altman-Z | 2.61 |
ROIC/WACC1.03
WACC8.49%
2.3 Liquidity
SP has a Current Ratio of 0.65. This is a bad value and indicates that SP is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.65, SP is doing worse than 90.48% of the companies in the same industry.
SP has a Quick Ratio of 0.65. This is a bad value and indicates that SP is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.65, SP is doing worse than 86.90% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.65 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.09% over the past year.
SP shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.37% yearly.
SP shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.04%.
The Revenue has been growing slightly by 3.95% on average over the past years.
EPS 1Y (TTM)1.09%
EPS 3Y66.11%
EPS 5Y3.37%
EPS Q2Q%5.17%
Revenue 1Y (TTM)11.04%
Revenue growth 3Y17.92%
Revenue growth 5Y3.95%
Sales Q2Q%2.78%
3.2 Future
Based on estimates for the next years, SP will show a very strong growth in Earnings Per Share. The EPS will grow by 21.32% on average per year.
Based on estimates for the next years, SP will show a small growth in Revenue. The Revenue will grow by 6.17% on average per year.
EPS Next Y25.1%
EPS Next 2Y21.32%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year5.93%
Revenue Next 2Y6.17%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 19.42, the valuation of SP can be described as rather expensive.
71.43% of the companies in the same industry are more expensive than SP, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of SP to the average of the S&P500 Index (27.35), we can say SP is valued slightly cheaper.
A Price/Forward Earnings ratio of 13.34 indicates a correct valuation of SP.
Based on the Price/Forward Earnings ratio, SP is valued a bit cheaper than the industry average as 77.38% of the companies are valued more expensively.
SP's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 22.86.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.42 | ||
| Fwd PE | 13.34 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SP is valued a bit cheaper than 61.90% of the companies in the same industry.
66.67% of the companies in the same industry are more expensive than SP, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.21 | ||
| EV/EBITDA | 10.38 |
4.3 Compensation for Growth
SP's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SP's earnings are expected to grow with 21.32% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.77
PEG (5Y)5.76
EPS Next 2Y21.32%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SP does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
53.99
+0.02 (+0.04%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners8.01%
Inst Owner Change0%
Ins Owners10.72%
Ins Owner Change0%
Market Cap1.07B
Analysts42
Price Target65.28 (20.91%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-21.54%
Min EPS beat(2)-31.47%
Max EPS beat(2)-11.61%
EPS beat(4)2
Avg EPS beat(4)-6.76%
Min EPS beat(4)-31.47%
Max EPS beat(4)10.96%
EPS beat(8)4
Avg EPS beat(8)-3.63%
EPS beat(12)7
Avg EPS beat(12)10.24%
EPS beat(16)9
Avg EPS beat(16)399.76%
Revenue beat(2)0
Avg Revenue beat(2)-6.78%
Min Revenue beat(2)-7.51%
Max Revenue beat(2)-6.05%
Revenue beat(4)2
Avg Revenue beat(4)-3.1%
Min Revenue beat(4)-7.51%
Max Revenue beat(4)1%
Revenue beat(8)5
Avg Revenue beat(8)35.21%
Revenue beat(12)9
Avg Revenue beat(12)58.57%
Revenue beat(16)13
Avg Revenue beat(16)63.41%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)-9.88%
EPS NQ rev (3m)-15.12%
EPS NY rev (1m)0%
EPS NY rev (3m)-6.18%
Revenue NQ rev (1m)-5.06%
Revenue NQ rev (3m)-5.46%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.42 | ||
| Fwd PE | 13.34 | ||
| P/S | 0.59 | ||
| P/FCF | 25.21 | ||
| P/OCF | 17.05 | ||
| P/B | 4.1 | ||
| P/tB | N/A | ||
| EV/EBITDA | 10.38 |
EPS(TTM)2.78
EY5.15%
EPS(NY)4.05
Fwd EY7.5%
FCF(TTM)2.14
FCFY3.97%
OCF(TTM)3.17
OCFY5.87%
SpS91.36
BVpS13.16
TBVpS-17.2
PEG (NY)0.77
PEG (5Y)5.76
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.65% | ||
| ROE | 11.63% | ||
| ROCE | 12.04% | ||
| ROIC | 8.7% | ||
| ROICexc | 8.9% | ||
| ROICexgc | 35.96% | ||
| OM | 5.43% | ||
| PM (TTM) | 1.68% | ||
| GM | 14.26% | ||
| FCFM | 2.34% |
ROA(3y)3.19%
ROA(5y)-0.46%
ROE(3y)15.55%
ROE(5y)-6.94%
ROIC(3y)7.88%
ROIC(5y)6.28%
ROICexc(3y)8.04%
ROICexc(5y)6.41%
ROICexgc(3y)35.7%
ROICexgc(5y)26.6%
ROCE(3y)10.9%
ROCE(5y)8.69%
ROICexcg growth 3Y72.93%
ROICexcg growth 5Y-37.11%
ROICexc growth 3Y66.63%
ROICexc growth 5Y2.52%
OM growth 3Y40.67%
OM growth 5Y-1.13%
PM growth 3YN/A
PM growth 5Y-13.59%
GM growth 3Y6.65%
GM growth 5Y2.57%
F-Score5
Asset Turnover1.58
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.27 | ||
| Debt/FCF | 8.26 | ||
| Debt/EBITDA | 2.46 | ||
| Cap/Depr | 55.31% | ||
| Cap/Sales | 1.12% | ||
| Interest Coverage | 3.51 | ||
| Cash Conversion | 46.44% | ||
| Profit Quality | 139.93% | ||
| Current Ratio | 0.65 | ||
| Quick Ratio | 0.65 | ||
| Altman-Z | 2.61 |
F-Score5
WACC8.49%
ROIC/WACC1.03
Cap/Depr(3y)59.11%
Cap/Depr(5y)51.71%
Cap/Sales(3y)1.18%
Cap/Sales(5y)1.06%
Profit Quality(3y)134.26%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.09%
EPS 3Y66.11%
EPS 5Y3.37%
EPS Q2Q%5.17%
EPS Next Y25.1%
EPS Next 2Y21.32%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)11.04%
Revenue growth 3Y17.92%
Revenue growth 5Y3.95%
Sales Q2Q%2.78%
Revenue Next Year5.93%
Revenue Next 2Y6.17%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y9.96%
EBIT growth 3Y65.88%
EBIT growth 5Y2.77%
EBIT Next Year48.85%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-40.78%
FCF growth 3Y5.61%
FCF growth 5Y-10.8%
OCF growth 1Y-22.4%
OCF growth 3Y11.55%
OCF growth 5Y-4.68%