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SP PLUS CORP (SP) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:SP - US78469C1036 - Common Stock

53.99 USD
+0.02 (+0.04%)
Last: 5/15/2024, 8:09:40 PM
53.99 USD
0 (0%)
After Hours: 5/15/2024, 8:09:40 PM
Fundamental Rating

4

SP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 80 industry peers in the Commercial Services & Supplies industry. There are concerns on the financial health of SP while its profitability can be described as average. SP has a correct valuation and a medium growth rate.


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.
  • Of the past 5 years SP 4 years were profitable.
  • 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

  • Looking at the Return On Assets, with a value of 2.65%, SP is in the better half of 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.
  • Looking at the Return On Invested Capital, with a value of 8.70%, SP is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital 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

  • SP has a Profit Margin (1.68%) which is in line with its industry peers.
  • In the last couple of years the Profit Margin of SP has declined.
  • 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.
  • With a Gross Margin value of 14.26%, SP is not doing good in the industry: 76.19% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of SP has grown nicely.
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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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.
  • The debt/assets ratio for SP has been reduced compared to a year ago.
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.
  • SP has a Altman-Z score (2.61) which is in line with its industry peers.
  • 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.
  • With a Debt to FCF ratio value of 8.26, SP perfoms like the industry average, outperforming 53.57% of the companies in the same industry.
  • SP has a Debt/Equity ratio of 1.27. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.27, SP is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
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.
  • Looking at the Current ratio, with a value of 0.65, SP is doing worse than 90.48% of the companies in the same industry.
  • A Quick Ratio of 0.65 indicates that SP may have some problems paying its short term obligations.
  • The Quick ratio of SP (0.65) is worse 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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5

3. Growth

3.1 Past

  • SP shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.09%.
  • 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.
  • 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

  • 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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6

4. Valuation

4.1 Price/Earnings Ratio

  • SP is valuated rather expensively with a Price/Earnings ratio of 19.42.
  • Based on the Price/Earnings ratio, SP is valued a bit cheaper than 71.43% of the companies in the same industry.
  • SP's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.60.
  • With a Price/Forward Earnings ratio of 13.34, SP is valued correctly.
  • 77.38% of the companies in the same industry are more expensive than SP, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 25.83. SP is valued slightly cheaper when compared to this.
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SP indicates a somewhat cheap valuation: SP is cheaper than 61.90% of the companies listed in the same industry.
  • 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.
  • A more expensive valuation may be justified as SP's earnings are expected to grow with 21.32% in the coming years.
PEG (NY)0.77
PEG (5Y)5.76
EPS Next 2Y21.32%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

  • SP does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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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.