SP PLUS CORP (SP) Stock Fundamental Analysis

NASDAQ:SP • US78469C1036

53.99 USD
+0.02 (+0.04%)
At close: May 15, 2024
53.99 USD
0 (0%)
After Hours: 5/15/2024, 8:09:40 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to SP. SP was compared to 80 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.


Dividend Valuation Growth Profitability Health

5

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.
  • SP had positive earnings in 4 of the past 5 years.
  • In the past 5 years SP always reported a positive cash flow from operatings.
SP Yearly Net Income VS EBIT VS OCF VS FCFSP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 0 50M -50M -100M -150M

1.2 Ratios

  • SP's Return On Assets of 2.65% is fine compared to the rest of the industry. SP outperforms 63.10% of its industry peers.
  • SP has a Return On Equity of 11.63%. This is in the better half of the industry: SP outperforms 73.81% of its industry peers.
  • The Return On Invested Capital of SP (8.70%) is better than 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 10.58%.
  • The 3 year average ROIC (7.88%) for SP is below the current ROIC(8.70%), indicating increased profibility in the last year.
Industry RankSector 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%
SP Yearly ROA, ROE, ROICSP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 0 -20 -40 -60 -80

1.3 Margins

  • The Profit Margin of SP (1.68%) is comparable to the rest of the industry.
  • SP's Profit Margin has declined in the last couple of years.
  • SP has a Operating Margin of 5.43%. This is comparable to the rest of the industry: SP outperforms 51.19% of its industry peers.
  • In the last couple of years the Operating Margin of SP has remained more or less at the same level.
  • SP has a worse Gross Margin (14.26%) than 76.19% of its industry peers.
  • SP's Gross Margin has improved in the last couple of years.
Industry RankSector 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%
SP Yearly Profit, Operating, Gross MarginsSP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 0 10 -10

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • SP has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • Compared to 1 year ago, SP has about the same amount of shares outstanding.
  • SP has a better debt/assets ratio than last year.
SP Yearly Shares OutstandingSP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 5M 10M 15M 20M
SP Yearly Total Debt VS Total AssetsSP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B

2.2 Solvency

  • An Altman-Z score of 2.61 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 2.61, SP is in line with its industry, outperforming 59.52% of the companies in the same industry.
  • The Debt to FCF ratio of SP is 8.26, which is on the high side as it means it would take SP, 8.26 years of fcf income to pay off all of its debts.
  • SP has a Debt to FCF ratio (8.26) which is in line with its industry peers.
  • A Debt/Equity ratio of 1.27 is on the high side and indicates that SP has dependencies on debt financing.
  • The Debt to Equity ratio of SP (1.27) is worse than 71.43% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.27
Debt/FCF 8.26
Altman-Z 2.61
ROIC/WACC1.03
WACC8.49%
SP Yearly LT Debt VS Equity VS FCFSP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M

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.
  • SP's Current ratio of 0.65 is on the low side compared to the rest of the industry. SP is outperformed by 90.48% of its industry peers.
  • 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.
  • SP has a worse Quick ratio (0.65) than 86.90% of its industry peers.
Industry RankSector Rank
Current Ratio 0.65
Quick Ratio 0.65
SP Yearly Current Assets VS Current LiabilitesSP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

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.
  • The Revenue has grown by 11.04% in the past year. This is quite good.
  • SP shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.95% yearly.
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.
  • The Revenue is expected to grow by 6.17% on average over the next years.
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

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
SP Yearly Revenue VS EstimatesSP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
SP Yearly EPS VS EstimatesSP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3 4

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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 19.42 indicates a rather expensive 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 71.43% of the companies listed in the same industry.
  • SP is valuated rather cheaply when we compare the Price/Earnings ratio to 27.97, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 13.34 indicates a correct valuation of SP.
  • SP's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SP is cheaper than 77.38% of the companies in the same industry.
  • SP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.96.
Industry RankSector Rank
PE 19.42
Fwd PE 13.34
SP Price Earnings VS Forward Price EarningsSP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, SP is valued a bit cheaper than the industry average as 61.90% of the companies are valued more expensively.
  • 66.67% of the companies in the same industry are more expensive than SP, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 25.21
EV/EBITDA 10.38
SP Per share dataSP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60 80

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

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for SP!.
Industry RankSector Rank
Dividend Yield N/A

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Find the best dividend stocksShow peers with best dividend

SP PLUS CORP

NASDAQ:SP (5/15/2024, 8:09:40 PM)

After market: 53.99 0 (0%)

53.99

+0.02 (+0.04%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)05-01
Earnings (Next)07-31
Inst Owners8.01%
Inst Owner Change0%
Ins Owners10.72%
Ins Owner Change0%
Market Cap1.07B
Revenue(TTM)1.81B
Net Income(TTM)30.30M
Analysts42
Price Target65.28 (20.91%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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 RankSector 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
Graham NumberN/A
Profitability
Industry RankSector 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%
ROICexgc growth 3Y72.93%
ROICexgc 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 RankSector 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%

SP PLUS CORP / SP FAQ

What is the ChartMill fundamental rating of SP PLUS CORP (SP) stock?

ChartMill assigns a fundamental rating of 4 / 10 to SP.


What is the valuation status for SP stock?

ChartMill assigns a valuation rating of 6 / 10 to SP PLUS CORP (SP). This can be considered as Fairly Valued.


Can you provide the profitability details for SP PLUS CORP?

SP PLUS CORP (SP) has a profitability rating of 5 / 10.


How financially healthy is SP PLUS CORP?

The financial health rating of SP PLUS CORP (SP) is 3 / 10.


What is the expected EPS growth for SP PLUS CORP (SP) stock?

The Earnings per Share (EPS) of SP PLUS CORP (SP) is expected to grow by 25.1% in the next year.