SUPERIOR PLUS CORP (SPB.CA) Fundamental Analysis & Valuation
TSX:SPB • CA86828P1036
6.41 CAD
-0.09 (-1.38%)
Last: Mar 11, 2026, 07:00 PM
This SPB.CA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. SPB.CA Profitability Analysis
1.1 Basic Checks
- In the past year SPB was profitable.
- In the past year SPB had a positive cash flow from operations.
- The reported net income has been mixed in the past 5 years: SPB reported negative net income in multiple years.
- SPB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- SPB has a Return On Assets (1.69%) which is comparable to the rest of the industry.
- SPB has a better Return On Equity (7.53%) than 66.67% of its industry peers.
- The Return On Invested Capital of SPB (4.60%) is better than 83.33% of its industry peers.
- SPB had an Average Return On Invested Capital over the past 3 years of 4.43%. This is in line with the industry average of 5.28%.
- The last Return On Invested Capital (4.60%) for SPB is above the 3 year average (4.43%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.69% | ||
| ROE | 7.53% | ||
| ROIC | 4.6% |
ROA(3y)0.56%
ROA(5y)0.86%
ROE(3y)2.32%
ROE(5y)3.34%
ROIC(3y)4.43%
ROIC(5y)3.61%
1.3 Margins
- The Profit Margin of SPB (2.47%) is comparable to the rest of the industry.
- SPB's Profit Margin has declined in the last couple of years.
- The Operating Margin of SPB (8.03%) is worse than 66.67% of its industry peers.
- In the last couple of years the Operating Margin of SPB has declined.
- Looking at the Gross Margin, with a value of 52.74%, SPB belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
- In the last couple of years the Gross Margin of SPB has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.03% | ||
| PM (TTM) | 2.47% | ||
| GM | 52.74% |
OM growth 3Y14.54%
OM growth 5Y-3.14%
PM growth 3YN/A
PM growth 5Y-9.88%
GM growth 3Y14.42%
GM growth 5Y0.84%
2. SPB.CA Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SPB is destroying value.
- SPB has less shares outstanding than it did 1 year ago.
- Compared to 5 years ago, SPB has more shares outstanding
- The debt/assets ratio for SPB is higher compared to a year ago.
2.2 Solvency
- SPB has an Altman-Z score of 0.45. This is a bad value and indicates that SPB is not financially healthy and even has some risk of bankruptcy.
- SPB has a Altman-Z score of 0.45. This is comparable to the rest of the industry: SPB outperforms 50.00% of its industry peers.
- SPB has a debt to FCF ratio of 8.68. This is a slightly negative value and a sign of low solvency as SPB would need 8.68 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 8.68, SPB belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
- SPB has a Debt/Equity ratio of 2.24. This is a high value indicating a heavy dependency on external financing.
- SPB's Debt to Equity ratio of 2.24 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 | 2.24 | ||
| Debt/FCF | 8.68 | ||
| Altman-Z | 0.45 |
ROIC/WACC0.85
WACC5.38%
2.3 Liquidity
- A Current Ratio of 0.95 indicates that SPB may have some problems paying its short term obligations.
- SPB has a better Current ratio (0.95) than 83.33% of its industry peers.
- A Quick Ratio of 0.80 indicates that SPB may have some problems paying its short term obligations.
- SPB has a Quick ratio of 0.80. This is amongst the best in the industry. SPB outperforms 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.8 |
3. SPB.CA Growth Analysis
3.1 Past
- SPB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 214.48%, which is quite impressive.
- SPB shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -1.27% yearly.
- The Revenue has been growing slightly by 3.29% in the past year.
- SPB shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.37% yearly.
EPS 1Y (TTM)214.48%
EPS 3Y37.99%
EPS 5Y-1.27%
EPS Q2Q%8092%
Revenue 1Y (TTM)3.29%
Revenue growth 3Y-10.04%
Revenue growth 5Y6.37%
Sales Q2Q%-1.61%
3.2 Future
- The Earnings Per Share is expected to grow by 19.85% on average over the next years. This is quite good.
- The Revenue is expected to grow by 0.75% on average over the next years.
EPS Next Y42.12%
EPS Next 2Y29.65%
EPS Next 3Y25.65%
EPS Next 5Y19.85%
Revenue Next Year0.68%
Revenue Next 2Y2.13%
Revenue Next 3Y1.58%
Revenue Next 5Y0.75%
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 decreasing: in the next years the growth will be less than in the last years.
4. SPB.CA Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 16.87 indicates a correct valuation of SPB.
- Compared to the rest of the industry, the Price/Earnings ratio of SPB indicates a somewhat cheap valuation: SPB is cheaper than 66.67% of the companies listed in the same industry.
- SPB is valuated rather cheaply when we compare the Price/Earnings ratio to 26.15, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 11.89, which indicates a very decent valuation of SPB.
- Based on the Price/Forward Earnings ratio, SPB is valued a bit cheaper than 66.67% 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 24.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.87 | ||
| Fwd PE | 11.89 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SPB indicates a rather cheap valuation: SPB is cheaper than 83.33% of the companies listed 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 | 4.79 | ||
| EV/EBITDA | 6.34 |
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.
- SPB's earnings are expected to grow with 25.65% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.4
PEG (5Y)N/A
EPS Next 2Y29.65%
EPS Next 3Y25.65%
5. SPB.CA Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 2.71%, SPB has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 2.03, SPB has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, SPB pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.71% |
5.2 History
- The dividend of SPB decreases each year by -21.66%.
- SPB has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)-21.66%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 79.44% of the earnings are spent on dividend by SPB. This is not a sustainable payout ratio.
DP79.44%
EPS Next 2Y29.65%
EPS Next 3Y25.65%
SPB.CA Fundamentals: All Metrics, Ratios and Statistics
TSX:SPB (3/11/2026, 7:00:00 PM)
6.41
-0.09 (-1.38%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)02-19 2026-02-19/amc
Earnings (Next)05-11 2026-05-11
Inst Owners19.96%
Inst Owner ChangeN/A
Ins Owners0.31%
Ins Owner ChangeN/A
Market Cap1.39B
Revenue(TTM)2.46B
Net Income(TTM)60.80M
Analysts70
Price Target7.96 (24.18%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.71% |
Yearly Dividend0.29
Dividend Growth(5Y)-21.66%
DP79.44%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-31 2026-03-31 (0.045)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-61.29%
Min EPS beat(2)-121.59%
Max EPS beat(2)-0.99%
EPS beat(4)2
Avg EPS beat(4)-5.64%
Min EPS beat(4)-121.59%
Max EPS beat(4)69.83%
EPS beat(8)2
Avg EPS beat(8)-42.8%
EPS beat(12)4
Avg EPS beat(12)-33.11%
EPS beat(16)5
Avg EPS beat(16)-33.11%
Revenue beat(2)0
Avg Revenue beat(2)-10.3%
Min Revenue beat(2)-16.4%
Max Revenue beat(2)-4.19%
Revenue beat(4)0
Avg Revenue beat(4)-9.34%
Min Revenue beat(4)-16.4%
Max Revenue beat(4)-1.33%
Revenue beat(8)3
Avg Revenue beat(8)-1.21%
Revenue beat(12)6
Avg Revenue beat(12)1.34%
Revenue beat(16)10
Avg Revenue beat(16)13.53%
PT rev (1m)-14.05%
PT rev (3m)-13.09%
EPS NQ rev (1m)15.31%
EPS NQ rev (3m)15.31%
EPS NY rev (1m)-13.88%
EPS NY rev (3m)-13.88%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.58%
Revenue NY rev (3m)-2.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.87 | ||
| Fwd PE | 11.89 | ||
| P/S | 0.42 | ||
| P/FCF | 4.79 | ||
| P/OCF | 3.12 | ||
| P/B | 1.27 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.34 |
EPS(TTM)0.38
EY5.93%
EPS(NY)0.54
Fwd EY8.41%
FCF(TTM)1.34
FCFY20.86%
OCF(TTM)2.05
OCFY32.01%
SpS15.35
BVpS5.03
TBVpS-5.76
PEG (NY)0.4
PEG (5Y)N/A
Graham Number6.56
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.69% | ||
| ROE | 7.53% | ||
| ROCE | 6.39% | ||
| ROIC | 4.6% | ||
| ROICexc | 4.63% | ||
| ROICexgc | 10.61% | ||
| OM | 8.03% | ||
| PM (TTM) | 2.47% | ||
| GM | 52.74% | ||
| FCFM | 8.71% |
ROA(3y)0.56%
ROA(5y)0.86%
ROE(3y)2.32%
ROE(5y)3.34%
ROIC(3y)4.43%
ROIC(5y)3.61%
ROICexc(3y)4.47%
ROICexc(5y)3.65%
ROICexgc(3y)10.41%
ROICexgc(5y)8.66%
ROCE(3y)6.15%
ROCE(5y)5.02%
ROICexgc growth 3Y6.09%
ROICexgc growth 5Y7.92%
ROICexc growth 3Y9.45%
ROICexc growth 5Y4.33%
OM growth 3Y14.54%
OM growth 5Y-3.14%
PM growth 3YN/A
PM growth 5Y-9.88%
GM growth 3Y14.42%
GM growth 5Y0.84%
F-Score7
Asset Turnover0.69
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 2.24 | ||
| Debt/FCF | 8.68 | ||
| Debt/EBITDA | 3.99 | ||
| Cap/Depr | 44.64% | ||
| Cap/Sales | 4.65% | ||
| Interest Coverage | 2.24 | ||
| Cash Conversion | 72.41% | ||
| Profit Quality | 352.63% | ||
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.8 | ||
| Altman-Z | 0.45 |
F-Score7
WACC5.38%
ROIC/WACC0.85
Cap/Depr(3y)55.39%
Cap/Depr(5y)53.51%
Cap/Sales(3y)5.79%
Cap/Sales(5y)5.05%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)214.48%
EPS 3Y37.99%
EPS 5Y-1.27%
EPS Q2Q%8092%
EPS Next Y42.12%
EPS Next 2Y29.65%
EPS Next 3Y25.65%
EPS Next 5Y19.85%
Revenue 1Y (TTM)3.29%
Revenue growth 3Y-10.04%
Revenue growth 5Y6.37%
Sales Q2Q%-1.61%
Revenue Next Year0.68%
Revenue Next 2Y2.13%
Revenue Next 3Y1.58%
Revenue Next 5Y0.75%
EBIT growth 1Y2.54%
EBIT growth 3Y3.04%
EBIT growth 5Y3.03%
EBIT Next Year120.57%
EBIT Next 3Y33.09%
EBIT Next 5Y18.05%
FCF growth 1Y88.57%
FCF growth 3Y17.73%
FCF growth 5Y-2.55%
OCF growth 1Y19.99%
OCF growth 3Y9.76%
OCF growth 5Y-1.8%
SUPERIOR PLUS CORP / SPB.CA FAQ
Can you provide the ChartMill fundamental rating for SUPERIOR PLUS CORP?
ChartMill assigns a fundamental rating of 4 / 10 to SPB.CA.
What is the valuation status for SPB stock?
ChartMill assigns a valuation rating of 7 / 10 to SUPERIOR PLUS CORP (SPB.CA). This can be considered as Undervalued.
What is the profitability of SPB stock?
SUPERIOR PLUS CORP (SPB.CA) has a profitability rating of 5 / 10.
What are the PE and PB ratios of SUPERIOR PLUS CORP (SPB.CA) stock?
The Price/Earnings (PE) ratio for SUPERIOR PLUS CORP (SPB.CA) is 16.87 and the Price/Book (PB) ratio is 1.27.
How financially healthy is SUPERIOR PLUS CORP?
The financial health rating of SUPERIOR PLUS CORP (SPB.CA) is 3 / 10.