SUPERIOR PLUS CORP (SPB.CA) Stock Fundamental Analysis
TSX:SPB - Toronto Stock Exchange - CA86828P1036 - Common Stock - Currency: CAD
We assign a fundamental rating of 4 out of 10 to SPB. SPB was compared to 6 industry peers in the Gas Utilities industry. SPB has a medium profitability rating, but doesn't score so well on its financial health evaluation. SPB is valued correctly, but it does not seem to be growing.
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.
The reported net income has been mixed in the past 5 years: SPB reported negative net income in multiple years.
In the past 5 years SPB always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of SPB (-1.00%) is comparable to the rest of the industry.
The Return On Equity of SPB (-4.15%) is comparable to the rest of the industry.
With an excellent Return On Invested Capital value of 4.40%, SPB belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
SPB had an Average Return On Invested Capital over the past 3 years of 4.06%. This is in line with the industry average of 4.94%.
The 3 year average ROIC (4.06%) for SPB is below the current ROIC(4.40%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1% | ||
| ROE | -4.15% | ||
| ROIC | 4.4% |
ROA(3y)-0.84%
ROA(5y)0.92%
ROE(3y)-3.15%
ROE(5y)3.41%
ROIC(3y)4.06%
ROIC(5y)3.44%
1.3 Margins
SPB's Operating Margin of 8.09% is amongst the best of the industry. SPB outperforms 83.33% of its industry peers.
In the last couple of years the Operating Margin of SPB has declined.
With an excellent Gross Margin value of 53.91%, SPB belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
SPB's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.09% | ||
| PM (TTM) | N/A | ||
| GM | 53.91% |
OM growth 3Y52.97%
OM growth 5Y-5.48%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y12.22%
GM growth 5Y4.86%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SPB is destroying value.
Compared to 1 year ago, SPB has less shares outstanding
Compared to 5 years ago, SPB has more shares outstanding
Compared to 1 year ago, SPB has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.40, we must say that SPB is in the distress zone and has some risk of bankruptcy.
SPB has a Altman-Z score of 0.40. This is in the lower half of the industry: SPB underperforms 66.67% of its industry peers.
The Debt to FCF ratio of SPB is 16.44, which is on the high side as it means it would take SPB, 16.44 years of fcf income to pay off all of its debts.
SPB has a Debt to FCF ratio of 16.44. This is amongst the best in the industry. SPB outperforms 100.00% of its industry peers.
SPB has a Debt/Equity ratio of 2.05. This is a high value indicating a heavy dependency on external financing.
SPB's Debt to Equity ratio of 2.05 is on the low side compared to the rest of the industry. SPB is outperformed by 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.05 | ||
| Debt/FCF | 16.44 | ||
| Altman-Z | 0.4 |
ROIC/WACC0.81
WACC5.41%
2.3 Liquidity
SPB has a Current Ratio of 0.95. 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's Current ratio of 0.95 is on the low side compared to the rest of the industry. SPB is outperformed by 66.67% of its industry peers.
SPB has a Quick Ratio of 0.95. 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 an excellent Quick ratio value of 0.80, SPB belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.8 |
3. Growth
3.1 Past
SPB shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -204.25%.
The Revenue for SPB has decreased by -22.83% in the past year. This is quite bad
Measured over the past years, SPB shows a decrease in Revenue. The Revenue has been decreasing by -3.54% on average per year.
EPS 1Y (TTM)-204.25%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100%
Revenue 1Y (TTM)-22.83%
Revenue growth 3Y-0.14%
Revenue growth 5Y-3.54%
Sales Q2Q%-28.76%
3.2 Future
SPB is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 60.69% yearly.
Based on estimates for the next years, SPB will show a quite strong growth in Revenue. The Revenue will grow by 12.73% on average per year.
EPS Next Y215.6%
EPS Next 2Y90.49%
EPS Next 3Y60.69%
EPS Next 5YN/A
Revenue Next Year25.94%
Revenue Next 2Y13.83%
Revenue Next 3Y12.73%
Revenue Next 5YN/A
3.3 Evolution
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
SPB reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 18.06 indicates a rather expensive valuation of SPB.
SPB's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.42, SPB is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 18.06 |
4.2 Price Multiples
SPB's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. SPB is cheaper than 83.33% of the companies in the same industry.
100.00% of the companies in the same industry are more expensive than SPB, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.22 | ||
| EV/EBITDA | 6.62 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of SPB may justify a higher PE ratio.
A more expensive valuation may be justified as SPB's earnings are expected to grow with 60.69% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y90.49%
EPS Next 3Y60.69%
5. Dividend
5.1 Amount
SPB has a Yearly Dividend Yield of 2.63%.
SPB's Dividend Yield is slightly below the industry average, which is at 3.37.
SPB's Dividend Yield is comparable with the S&P500 average which is at 2.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.63% |
5.2 History
The dividend of SPB decreases each year by -3.18%.
SPB has paid a dividend for at least 10 years, which is a reliable track record.
SPB has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)-3.18%
Div Incr Years0
Div Non Decr Years11
5.3 Sustainability
SPB has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-405.16%
EPS Next 2Y90.49%
EPS Next 3Y60.69%
TSX:SPB (5/6/2025, 7:00:00 PM)
6.91
+0.13 (+1.92%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners32.33%
Inst Owner ChangeN/A
Ins Owners0.63%
Ins Owner ChangeN/A
Market Cap1.60B
Analysts78.67
Price Target9.99 (44.57%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.63% |
Yearly Dividend0.85
Dividend Growth(5Y)-3.18%
DP-405.16%
Div Incr Years0
Div Non Decr Years11
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-95.55%
Min EPS beat(2)-100%
Max EPS beat(2)-91.09%
EPS beat(4)0
Avg EPS beat(4)-79.96%
Min EPS beat(4)-100%
Max EPS beat(4)-37.79%
EPS beat(8)2
Avg EPS beat(8)-45.7%
EPS beat(12)3
Avg EPS beat(12)-40.63%
EPS beat(16)5
Avg EPS beat(16)-8.99%
Revenue beat(2)2
Avg Revenue beat(2)6.33%
Min Revenue beat(2)4.75%
Max Revenue beat(2)7.91%
Revenue beat(4)2
Avg Revenue beat(4)-7.86%
Min Revenue beat(4)-32.97%
Max Revenue beat(4)7.91%
Revenue beat(8)2
Avg Revenue beat(8)-14.65%
Revenue beat(12)4
Avg Revenue beat(12)-4.64%
Revenue beat(16)8
Avg Revenue beat(16)-0.41%
PT rev (1m)5.9%
PT rev (3m)6.95%
EPS NQ rev (1m)-18.24%
EPS NQ rev (3m)13.18%
EPS NY rev (1m)-25.43%
EPS NY rev (3m)-35.7%
Revenue NQ rev (1m)-17.11%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-17.66%
Revenue NY rev (3m)-20.48%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 18.06 | ||
| P/S | 0.49 | ||
| P/FCF | 10.22 | ||
| P/OCF | 4.24 | ||
| P/B | 1.31 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.62 |
EPS(TTM)-0.33
EYN/A
EPS(NY)0.38
Fwd EY5.54%
FCF(TTM)0.68
FCFY9.78%
OCF(TTM)1.63
OCFY23.58%
SpS14.16
BVpS5.27
TBVpS-5.29
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1% | ||
| ROE | -4.15% | ||
| ROCE | 6.11% | ||
| ROIC | 4.4% | ||
| ROICexc | 4.42% | ||
| ROICexgc | 10.19% | ||
| OM | 8.09% | ||
| PM (TTM) | N/A | ||
| GM | 53.91% | ||
| FCFM | 4.77% |
ROA(3y)-0.84%
ROA(5y)0.92%
ROE(3y)-3.15%
ROE(5y)3.41%
ROIC(3y)4.06%
ROIC(5y)3.44%
ROICexc(3y)4.1%
ROICexc(5y)3.47%
ROICexgc(3y)9.84%
ROICexgc(5y)7.98%
ROCE(3y)5.63%
ROCE(5y)4.77%
ROICexcg growth 3Y47.87%
ROICexcg growth 5Y-5.82%
ROICexc growth 3Y50.4%
ROICexc growth 5Y-9.22%
OM growth 3Y52.97%
OM growth 5Y-5.48%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y12.22%
GM growth 5Y4.86%
F-Score5
Asset Turnover0.65
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.05 | ||
| Debt/FCF | 16.44 | ||
| Debt/EBITDA | 3.99 | ||
| Cap/Depr | 61.08% | ||
| Cap/Sales | 6.73% | ||
| Interest Coverage | 1.92 | ||
| Cash Conversion | 60.19% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.8 | ||
| Altman-Z | 0.4 |
F-Score5
WACC5.41%
ROIC/WACC0.81
Cap/Depr(3y)56.88%
Cap/Depr(5y)53.29%
Cap/Sales(3y)5.39%
Cap/Sales(5y)5.4%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-204.25%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-100%
EPS Next Y215.6%
EPS Next 2Y90.49%
EPS Next 3Y60.69%
EPS Next 5YN/A
Revenue 1Y (TTM)-22.83%
Revenue growth 3Y-0.14%
Revenue growth 5Y-3.54%
Sales Q2Q%-28.76%
Revenue Next Year25.94%
Revenue Next 2Y13.83%
Revenue Next 3Y12.73%
Revenue Next 5YN/A
EBIT growth 1Y-18.36%
EBIT growth 3Y52.75%
EBIT growth 5Y-8.83%
EBIT Next Year454.43%
EBIT Next 3Y80.78%
EBIT Next 5Y43.75%
FCF growth 1Y-55.84%
FCF growth 3Y-3.59%
FCF growth 5Y-16.92%
OCF growth 1Y-32.47%
OCF growth 3Y5.72%
OCF growth 5Y-8.32%