SP PLUS CORP (SP) Stock Fundamental Analysis

USA • Nasdaq • 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
Fundamental Rating

4

Taking everything into account, SP scores 4 out of 10 in our fundamental rating. SP was compared to 80 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 decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

5

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.
  • 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

  • With a decent Return On Assets value of 2.65%, SP is doing good in the industry, outperforming 63.10% of the companies in the same industry.
  • The Return On Equity of SP (11.63%) is better 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 10.57%.
  • 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

  • With a Profit Margin value of 1.68%, SP perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • SP's Profit Margin has declined in the last couple of years.
  • SP has a Operating Margin (5.43%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of SP has remained more or less at the same level.
  • Looking at the Gross Margin, with a value of 14.26%, SP is doing worse than 76.19% of the companies in the same industry.
  • 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

More info and screens

2

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.
  • SP has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 1 year ago, SP has an improved debt to assets ratio.
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

  • 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.
  • The Altman-Z score of SP (2.61) is comparable to the rest of the 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.
  • The Debt to FCF ratio of SP (8.26) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 1.27 is on the high side and indicates that SP has dependencies on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 1.27, SP is doing worse than 71.43% of the companies in the same industry.
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 has a worse Current ratio (0.65) than 90.48% of its industry peers.
  • A Quick Ratio of 0.65 indicates that SP may have some problems paying 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 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

More info and screens

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.
  • Measured over the past years, SP shows a small growth in Revenue. The Revenue has been growing by 3.95% on average per year.
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

  • SP is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.32% yearly.
  • 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.
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

More info and screens

6

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 19.42, which indicates a rather expensive current valuation of SP.
  • Based on the Price/Earnings ratio, SP is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 28.41, SP is valued a bit cheaper.
  • A Price/Forward Earnings ratio of 13.34 indicates a correct valuation of SP.
  • 77.38% of the companies in the same industry are more expensive than SP, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 25.64, SP is valued a bit cheaper.
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 50

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.
  • SP's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SP is cheaper than 66.67% of the companies in the same industry.
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

  • The 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

0

5. Dividend

5.1 Amount

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

More info and screens

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.