SP PLUS CORP (SP)
US78469C1036 - Common Stock
Taking everything into account, SP scores 4 out of 10 in our fundamental rating. SP was compared to 84 industry peers in the Commercial Services & Supplies industry. While SP is still in line with the averages on profitability rating, there are concerns on its financial health. SP has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
SP had positive earnings in the past year.
SP had a positive operating cash flow in the past year.
Of the past 5 years SP 4 years were profitable.
In the past 5 years SP always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 2.70%, SP is doing good in the industry, outperforming 66.27% of the companies in the same industry.
With a decent Return On Equity value of 12.40%, SP is doing good in the industry, outperforming 77.11% of the companies in the same industry.
SP has a better Return On Invested Capital (8.47%) than 75.90% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SP is below the industry average of 10.10%.
The 3 year average ROIC (7.88%) for SP is below the current ROIC(8.47%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.7% | ||
| ROE | 12.4% | ||
| ROIC | 8.47% |
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
SP has a Profit Margin (1.74%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of SP has declined.
SP has a Operating Margin (5.35%) which is in line with its industry peers.
SP's Operating Margin has been stable in the last couple of years.
SP has a worse Gross Margin (14.23%) than 74.70% of its industry peers.
In the last couple of years the Gross Margin of SP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.35% | ||
| PM (TTM) | 1.74% | ||
| GM | 14.23% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SP is destroying value.
Compared to 1 year ago, SP has about the same amount of shares outstanding.
The number of shares outstanding for SP has been reduced compared to 5 years ago.
Compared to 1 year ago, SP has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.49 indicates that SP is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.49, SP is in line with its industry, outperforming 57.83% of the companies in the same industry.
SP has a debt to FCF ratio of 10.24. This is a negative value and a sign of low solvency as SP would need 10.24 years to pay back of all of its debts.
With a Debt to FCF ratio value of 10.24, SP perfoms like the industry average, outperforming 49.40% of the companies in the same industry.
SP has a Debt/Equity ratio of 1.34. This is a high value indicating a heavy dependency on external financing.
SP has a Debt to Equity ratio of 1.34. This is in the lower half of the industry: SP underperforms 74.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.34 | ||
| Debt/FCF | 10.24 | ||
| Altman-Z | 2.49 |
ROIC/WACC1
WACC8.47%
2.3 Liquidity
SP has a Current Ratio of 0.63. This is a bad value and indicates that SP is not financially healthy enough and could expect problems in meeting its short term obligations.
SP's Current ratio of 0.63 is on the low side compared to the rest of the industry. SP is outperformed by 91.57% of its industry peers.
A Quick Ratio of 0.63 indicates that SP may have some problems paying its short term obligations.
SP has a Quick ratio of 0.63. This is amonst the worse of the industry: SP underperforms 89.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.63 |
3. Growth
3.1 Past
SP shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.72%.
The Earnings Per Share has been growing slightly by 3.37% on average over the past years.
The Revenue has grown by 14.73% in the past year. This is quite good.
The Revenue has been growing slightly by 3.95% on average over the past years.
EPS 1Y (TTM)-0.72%
EPS 3Y66.11%
EPS 5Y3.37%
EPS growth Q2Q7.14%
Revenue 1Y (TTM)14.73%
Revenue growth 3Y17.92%
Revenue growth 5Y3.95%
Revenue growth Q2Q8.56%
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.
SP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.17% yearly.
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
The Price/Earnings ratio is 18.57, which indicates a rather expensive current valuation of SP.
Compared to the rest of the industry, the Price/Earnings ratio of SP indicates a somewhat cheap valuation: SP is cheaper than 72.29% of the companies listed in the same industry.
SP is valuated rather cheaply when we compare the Price/Earnings ratio to 24.67, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 14.84, which indicates a correct valuation of SP.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SP indicates a somewhat cheap valuation: SP is cheaper than 75.90% of the companies listed in the same industry.
SP is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.02, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.57 | ||
| Fwd PE | 14.84 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SP indicates a somewhat cheap valuation: SP is cheaper than 62.65% of the companies listed in the same industry.
62.65% 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 | 29.39 | ||
| EV/EBITDA | 10.23 |
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.
A more expensive valuation may be justified as SP's earnings are expected to grow with 21.32% in the coming years.
PEG (NY)0.74
PEG (5Y)5.51
EPS Next 2Y21.32%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for SP!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
SP PLUS CORP
NASDAQ:SP (4/30/2024, 7:25:01 PM)
After market: 51.06 0 (0%)51.06
-0.09 (-0.18%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.01B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.57 | ||
| Fwd PE | 14.84 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.74
PEG (5Y)5.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.7% | ||
| ROE | 12.4% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 5.35% | ||
| PM (TTM) | 1.74% | ||
| GM | 14.23% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.34 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.63 | ||
| Quick Ratio | 0.63 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-0.72%
EPS 3Y66.11%
EPS 5Y
EPS growth Q2Q
EPS Next Y25.1%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)14.73%
Revenue growth 3Y17.92%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y