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SUPERIOR PLUS CORP (SPB.CA) Stock Fundamental Analysis

TSX:SPB - Toronto Stock Exchange - CA86828P1036 - Common Stock - Currency: CAD

5.98  0 (0%)

Fundamental Rating

3

Overall SPB gets a fundamental rating of 3 out of 10. We evaluated SPB against 8 industry peers in the Gas Utilities industry. There are concerns on the financial health of SPB while its profitability can be described as average. SPB has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

SPB had negative earnings in the past year.
SPB had a positive operating cash flow in the past year.
SPB had positive earnings in 4 of the past 5 years.
Each year in the past 5 years SPB had a positive operating cash flow.
SPB.CA Yearly Net Income VS EBIT VS OCF VS FCFSPB.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M 300M 400M

1.2 Ratios

SPB's Return On Assets of 0.43% is on the low side compared to the rest of the industry. SPB is outperformed by 62.50% of its industry peers.
SPB has a Return On Equity (1.66%) which is comparable to the rest of the industry.
With an excellent Return On Invested Capital value of 4.13%, SPB belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for SPB is below the industry average of 7.01%.
The 3 year average ROIC (2.78%) for SPB is below the current ROIC(4.13%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 0.43%
ROE 1.66%
ROIC 4.13%
ROA(3y)1.18%
ROA(5y)1.89%
ROE(3y)4.35%
ROE(5y)6.94%
ROIC(3y)2.78%
ROIC(5y)3.71%
SPB.CA Yearly ROA, ROE, ROICSPB.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20 30

1.3 Margins

SPB's Profit Margin of 0.65% is on the low side compared to the rest of the industry. SPB is outperformed by 62.50% of its industry peers.
SPB's Profit Margin has declined in the last couple of years.
SPB has a better Operating Margin (7.95%) than 75.00% of its industry peers.
SPB's Operating Margin has improved in the last couple of years.
SPB has a Gross Margin of 53.53%. This is amongst the best in the industry. SPB outperforms 87.50% of its industry peers.
In the last couple of years the Gross Margin of SPB has grown nicely.
Industry RankSector Rank
OM 7.95%
PM (TTM) 0.65%
GM 53.53%
OM growth 3Y-5.14%
OM growth 5Y6.2%
PM growth 3Y-28.2%
PM growth 5YN/A
GM growth 3Y-1.66%
GM growth 5Y6.79%
SPB.CA Yearly Profit, Operating, Gross MarginsSPB.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10 20 30 40 50

0

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SPB is destroying value.
The number of shares outstanding for SPB has been increased compared to 1 year ago.
The number of shares outstanding for SPB has been increased compared to 5 years ago.
SPB has about the same debt/assets ratio as last year.
SPB.CA Yearly Shares OutstandingSPB.CA Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50M 100M 150M 200M
SPB.CA Yearly Total Debt VS Total AssetsSPB.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B

2.2 Solvency

Based on the Altman-Z score of 0.33, we must say that SPB is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.33, SPB is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
A Debt/Equity ratio of 1.87 is on the high side and indicates that SPB has dependencies on debt financing.
With a Debt to Equity ratio value of 1.87, SPB is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.87
Debt/FCF N/A
Altman-Z 0.33
ROIC/WACC0.87
WACC4.73%
SPB.CA Yearly LT Debt VS Equity VS FCFSPB.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B 1.5B 2B

2.3 Liquidity

SPB has a Current Ratio of 0.67. This is a bad value and indicates that SPB is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.67, SPB is not doing good in the industry: 62.50% of the companies in the same industry are doing better.
SPB has a Quick Ratio of 0.67. This is a bad value and indicates that SPB is not financially healthy enough and could expect problems in meeting its short term obligations.
SPB has a worse Quick ratio (0.52) than 62.50% of its industry peers.
Industry RankSector Rank
Current Ratio 0.67
Quick Ratio 0.52
SPB.CA Yearly Current Assets VS Current LiabilitesSPB.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M

1

3. Growth

3.1 Past

The earnings per share for SPB have decreased strongly by -126.15% in the last year.
SPB shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -16.14% yearly.
SPB shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -30.21%.
Measured over the past years, SPB shows a decrease in Revenue. The Revenue has been decreasing by -3.14% on average per year.
EPS 1Y (TTM)-126.15%
EPS 3Y-16.14%
EPS 5YN/A
EPS Q2Q%20%
Revenue 1Y (TTM)-30.21%
Revenue growth 3Y8.9%
Revenue growth 5Y-3.14%
Sales Q2Q%-7.67%

3.2 Future

The Earnings Per Share is expected to grow by 15.18% on average over the next years. This is quite good.
SPB is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -5.22% yearly.
EPS Next Y-50.59%
EPS Next 2Y36.9%
EPS Next 3Y15.18%
EPS Next 5YN/A
Revenue Next Year-22.41%
Revenue Next 2Y-7.07%
Revenue Next 3Y-5.22%
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 decreasing.
SPB.CA Yearly Revenue VS EstimatesSPB.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B 4B
SPB.CA Yearly EPS VS EstimatesSPB.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 0.5 1

4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for SPB. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 9.67, the valuation of SPB can be described as reasonable.
Based on the Price/Forward Earnings ratio, SPB is valued cheaper than 87.50% of the companies in the same industry.
SPB's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 94.77.
Industry RankSector Rank
PE N/A
Fwd PE 9.67
SPB.CA Price Earnings VS Forward Price EarningsSPB.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 -50

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, SPB is valued a bit cheaper than the industry average as 75.00% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 7.23
SPB.CA Per share dataSPB.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10

4.3 Compensation for Growth

The decent profitability rating of SPB may justify a higher PE ratio.
SPB's earnings are expected to grow with 15.18% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y36.9%
EPS Next 3Y15.18%

4

5. Dividend

5.1 Amount

SPB has a Yearly Dividend Yield of 3.01%.
SPB's Dividend Yield is slightly below the industry average, which is at 3.55.
SPB's Dividend Yield is a higher than the S&P500 average which is at 2.29.
Industry RankSector Rank
Dividend Yield 3.01%

5.2 History

The dividend of SPB decreases each year by -7.00%.
SPB has paid a dividend for at least 10 years, which is a reliable track record.
SPB has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)-7%
Div Incr Years0
Div Non Decr Years11
SPB.CA Yearly Dividends per shareSPB.CA Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0.2 0.4 0.6

5.3 Sustainability

SPB pays out 768.99% of its income as dividend. This is not a sustainable payout ratio.
DP768.99%
EPS Next 2Y36.9%
EPS Next 3Y15.18%
SPB.CA Yearly Income VS Free CF VS DividendSPB.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 100M -100M 200M
SPB.CA Dividend Payout.SPB.CA Dividend Payout, showing the Payout Ratio.SPB.CA Dividend Payout.PayoutRetained Earnings

SUPERIOR PLUS CORP

TSX:SPB (2/7/2025, 7:00:00 PM)

5.98

0 (0%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)11-06 2024-11-06/amc
Earnings (Next)02-26 2025-02-26/amc
Inst Owners34.77%
Inst Owner ChangeN/A
Ins Owners0.56%
Ins Owner ChangeN/A
Market Cap1.49B
Analysts76
Price Target9.34 (56.19%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.01%
Yearly Dividend0.49
Dividend Growth(5Y)-7%
DP768.99%
Div Incr Years0
Div Non Decr Years11
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-89.71%
Min EPS beat(2)-90.95%
Max EPS beat(2)-88.46%
EPS beat(4)0
Avg EPS beat(4)-55.64%
Min EPS beat(4)-90.95%
Max EPS beat(4)-5.37%
EPS beat(8)3
Avg EPS beat(8)-32.3%
EPS beat(12)3
Avg EPS beat(12)-37.21%
EPS beat(16)6
Avg EPS beat(16)-0.62%
Revenue beat(2)1
Avg Revenue beat(2)-13.15%
Min Revenue beat(2)-32.97%
Max Revenue beat(2)6.67%
Revenue beat(4)1
Avg Revenue beat(4)-14.56%
Min Revenue beat(4)-32.97%
Max Revenue beat(4)6.67%
Revenue beat(8)1
Avg Revenue beat(8)-15.43%
Revenue beat(12)4
Avg Revenue beat(12)-3.59%
Revenue beat(16)7
Avg Revenue beat(16)-2.3%
PT rev (1m)0.75%
PT rev (3m)-9.23%
EPS NQ rev (1m)0%
EPS NQ rev (3m)44.88%
EPS NY rev (1m)2.62%
EPS NY rev (3m)-23.46%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.62%
Revenue NY rev (1m)0%
Revenue NY rev (3m)7.39%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 9.67
P/S 0.43
P/FCF N/A
P/OCF 7.45
P/B 1.1
P/tB N/A
EV/EBITDA 7.23
EPS(TTM)-0.1
EYN/A
EPS(NY)0.62
Fwd EY10.34%
FCF(TTM)-0.11
FCFYN/A
OCF(TTM)0.8
OCFY13.42%
SpS13.85
BVpS5.44
TBVpS-5.23
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.43%
ROE 1.66%
ROCE 6.07%
ROIC 4.13%
ROICexc 4.15%
ROICexgc 10.14%
OM 7.95%
PM (TTM) 0.65%
GM 53.53%
FCFM N/A
ROA(3y)1.18%
ROA(5y)1.89%
ROE(3y)4.35%
ROE(5y)6.94%
ROIC(3y)2.78%
ROIC(5y)3.71%
ROICexc(3y)2.81%
ROICexc(5y)3.75%
ROICexgc(3y)9.6%
ROICexgc(5y)9.73%
ROCE(3y)4.08%
ROCE(5y)5.46%
ROICexcg growth 3Y36.55%
ROICexcg growth 5Y20.77%
ROICexc growth 3Y3.03%
ROICexc growth 5Y1.4%
OM growth 3Y-5.14%
OM growth 5Y6.2%
PM growth 3Y-28.2%
PM growth 5YN/A
GM growth 3Y-1.66%
GM growth 5Y6.79%
F-Score4
Asset Turnover0.66
Health
Industry RankSector Rank
Debt/Equity 1.87
Debt/FCF N/A
Debt/EBITDA 4.49
Cap/Depr 78.46%
Cap/Sales 6.61%
Interest Coverage 2.42
Cash Conversion 35.4%
Profit Quality N/A
Current Ratio 0.67
Quick Ratio 0.52
Altman-Z 0.33
F-Score4
WACC4.73%
ROIC/WACC0.87
Cap/Depr(3y)53.94%
Cap/Depr(5y)51.83%
Cap/Sales(3y)4.61%
Cap/Sales(5y)5.01%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-126.15%
EPS 3Y-16.14%
EPS 5YN/A
EPS Q2Q%20%
EPS Next Y-50.59%
EPS Next 2Y36.9%
EPS Next 3Y15.18%
EPS Next 5YN/A
Revenue 1Y (TTM)-30.21%
Revenue growth 3Y8.9%
Revenue growth 5Y-3.14%
Sales Q2Q%-7.67%
Revenue Next Year-22.41%
Revenue Next 2Y-7.07%
Revenue Next 3Y-5.22%
Revenue Next 5YN/A
EBIT growth 1Y-31.97%
EBIT growth 3Y3.3%
EBIT growth 5Y2.86%
EBIT Next Year95.85%
EBIT Next 3Y26.28%
EBIT Next 5Y10.99%
FCF growth 1Y-119.43%
FCF growth 3Y-0.07%
FCF growth 5Y9.14%
OCF growth 1Y-36.57%
OCF growth 3Y2.04%
OCF growth 5Y7.79%