SUPERIOR PLUS CORP (SPB.CA) Stock Fundamental Analysis

Canada • Toronto Stock Exchange • TSX:SPB • CA86828P1036

7.37 CAD
+0.24 (+3.37%)
Last: Feb 5, 2026, 07:00 PM
Fundamental Rating

4

SPB gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 6 industry peers in the Gas Utilities industry. While SPB is still in line with the averages on profitability rating, there are concerns on its financial health. SPB is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year SPB was profitable.
  • 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.
  • SPB had a positive operating cash flow in each of the past 5 years.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M 400M

1.2 Ratios

  • The Return On Assets of SPB (0.46%) is comparable to the rest of the industry.
  • SPB has a Return On Equity (1.95%) which is in line with its industry peers.
  • Looking at the Return On Invested Capital, with a value of 4.54%, SPB belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for SPB is in line with the industry average of 5.31%.
  • The 3 year average ROIC (4.06%) for SPB is below the current ROIC(4.54%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 0.46%
ROE 1.95%
ROIC 4.54%
ROA(3y)-0.84%
ROA(5y)0.92%
ROE(3y)-3.15%
ROE(5y)3.41%
ROIC(3y)4.06%
ROIC(5y)3.44%
SPB.CA Yearly ROA, ROE, ROICSPB.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30

1.3 Margins

  • SPB has a Profit Margin (0.64%) which is in line with its industry peers.
  • With a Operating Margin value of 7.79%, SPB is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
  • In the last couple of years the Operating Margin of SPB has declined.
  • SPB has a Gross Margin of 52.36%. This is amongst the best in the industry. SPB outperforms 83.33% of its industry peers.
  • In the last couple of years the Gross Margin of SPB has grown nicely.
Industry RankSector Rank
OM 7.79%
PM (TTM) 0.64%
GM 52.36%
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%
SPB.CA Yearly Profit, Operating, Gross MarginsSPB.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40 50

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3

2. Health

2.1 Basic Checks

  • SPB has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • SPB has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for SPB has been increased compared to 5 years ago.
  • The debt/assets ratio for SPB is higher compared to a year ago.
SPB.CA Yearly Shares OutstandingSPB.CA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
SPB.CA Yearly Total Debt VS Total AssetsSPB.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B 4B

2.2 Solvency

  • Based on the Altman-Z score of 0.47, we must say that SPB is in the distress zone and has some risk of bankruptcy.
  • SPB has a Altman-Z score of 0.47. This is comparable to the rest of the industry: SPB outperforms 50.00% of its industry peers.
  • The Debt to FCF ratio of SPB is 9.40, which is on the high side as it means it would take SPB, 9.40 years of fcf income to pay off all of its debts.
  • SPB's Debt to FCF ratio of 9.40 is amongst the best of the industry. SPB outperforms 100.00% of its industry peers.
  • A Debt/Equity ratio of 2.18 is on the high side and indicates that SPB has dependencies on debt financing.
  • With a Debt to Equity ratio value of 2.18, SPB is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 2.18
Debt/FCF 9.4
Altman-Z 0.47
ROIC/WACC0.78
WACC5.8%
SPB.CA Yearly LT Debt VS Equity VS FCFSPB.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.3 Liquidity

  • A Current Ratio of 0.84 indicates that SPB may have some problems paying its short term obligations.
  • The Current ratio of SPB (0.84) is comparable to the rest of the industry.
  • A Quick Ratio of 0.66 indicates that SPB may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.66, SPB belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.84
Quick Ratio 0.66
SPB.CA Yearly Current Assets VS Current LiabilitesSPB.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M

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4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 316.31% over the past year.
  • SPB shows a small growth in Revenue. In the last year, the Revenue has grown by 3.02%.
  • 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)316.31%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-74.22%
Revenue 1Y (TTM)3.02%
Revenue growth 3Y-0.14%
Revenue growth 5Y-3.54%
Sales Q2Q%-5.95%

3.2 Future

  • The Earnings Per Share is expected to grow by 34.26% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 6.53% on average over the next years.
EPS Next Y191.88%
EPS Next 2Y97.21%
EPS Next 3Y61.73%
EPS Next 5Y34.26%
Revenue Next Year23.62%
Revenue Next 2Y12.99%
Revenue Next 3Y10.01%
Revenue Next 5Y6.53%

3.3 Evolution

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
SPB.CA Yearly Revenue VS EstimatesSPB.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 1B 2B 3B
SPB.CA Yearly EPS VS EstimatesSPB.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 0.2 -0.2 0.4 0.6 0.8

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6

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 52.64, the valuation of SPB can be described as expensive.
  • SPB's Price/Earnings is on the same level as the industry average.
  • The average S&P500 Price/Earnings ratio is at 27.67. SPB is valued rather expensively when compared to this.
  • A Price/Forward Earnings ratio of 11.68 indicates a reasonable valuation of SPB.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of SPB indicates a somewhat cheap valuation: SPB is cheaper than 66.67% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.20. SPB is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 52.64
Fwd PE 11.68
SPB.CA Price Earnings VS Forward Price EarningsSPB.CA 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 SPB indicates a rather cheap valuation: SPB is cheaper than 83.33% of the companies listed in the same industry.
  • SPB's Price/Free Cash Flow ratio is rather cheap when compared to the industry. SPB is cheaper than 100.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.15
EV/EBITDA 6.52
SPB.CA Per share dataSPB.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10 15

4.3 Compensation for Growth

  • SPB's 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 61.73% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.27
PEG (5Y)N/A
EPS Next 2Y97.21%
EPS Next 3Y61.73%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. Dividend

5.1 Amount

  • SPB has a Yearly Dividend Yield of 2.44%.
  • SPB's Dividend Yield is comparable with the industry average which is at 2.11.
  • SPB's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.44%

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.
Dividend Growth(5Y)-3.18%
Div Incr Years0
Div Non Decr Years0
SPB.CA Yearly Dividends per shareSPB.CA Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

  • SPB pays out 460.38% of its income as dividend. This is not a sustainable payout ratio.
DP460.38%
EPS Next 2Y97.21%
EPS Next 3Y61.73%
SPB.CA Yearly Income VS Free CF VS DividendSPB.CA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M
SPB.CA Dividend Payout.SPB.CA Dividend Payout, showing the Payout Ratio.SPB.CA Dividend Payout.PayoutRetained Earnings

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SUPERIOR PLUS CORP

TSX:SPB (2/5/2026, 7:00:00 PM)

7.37

+0.24 (+3.37%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)11-13
Earnings (Next)02-19
Inst Owners20.06%
Inst Owner ChangeN/A
Ins Owners0.29%
Ins Owner ChangeN/A
Market Cap1.63B
Revenue(TTM)2.47B
Net Income(TTM)15.90M
Analysts78.57
Price Target9.26 (25.64%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.44%
Yearly Dividend0.83
Dividend Growth(5Y)-3.18%
DP460.38%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-45.71%
Min EPS beat(2)-121.59%
Max EPS beat(2)30.18%
EPS beat(4)2
Avg EPS beat(4)-30.4%
Min EPS beat(4)-121.59%
Max EPS beat(4)69.83%
EPS beat(8)2
Avg EPS beat(8)-43.48%
EPS beat(12)5
Avg EPS beat(12)-32.82%
EPS beat(16)5
Avg EPS beat(16)-36.87%
Revenue beat(2)0
Avg Revenue beat(2)-15.92%
Min Revenue beat(2)-16.4%
Max Revenue beat(2)-15.44%
Revenue beat(4)1
Avg Revenue beat(4)-7.11%
Min Revenue beat(4)-16.4%
Max Revenue beat(4)4.75%
Revenue beat(8)4
Avg Revenue beat(8)0.24%
Revenue beat(12)7
Avg Revenue beat(12)4.7%
Revenue beat(16)11
Avg Revenue beat(16)16.94%
PT rev (1m)0%
PT rev (3m)-5.3%
EPS NQ rev (1m)0%
EPS NQ rev (3m)17.32%
EPS NY rev (1m)0%
EPS NY rev (3m)-53.4%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-4.56%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.6%
Valuation
Industry RankSector Rank
PE 52.64
Fwd PE 11.68
P/S 0.48
P/FCF 6.15
P/OCF 3.9
P/B 1.47
P/tB N/A
EV/EBITDA 6.52
EPS(TTM)0.14
EY1.9%
EPS(NY)0.63
Fwd EY8.56%
FCF(TTM)1.2
FCFY16.25%
OCF(TTM)1.89
OCFY25.65%
SpS15.23
BVpS5.02
TBVpS-5.7
PEG (NY)0.27
PEG (5Y)N/A
Graham Number3.98
Profitability
Industry RankSector Rank
ROA 0.46%
ROE 1.95%
ROCE 6.31%
ROIC 4.54%
ROICexc 4.6%
ROICexgc 10.89%
OM 7.79%
PM (TTM) 0.64%
GM 52.36%
FCFM 7.86%
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%
ROICexgc growth 3Y47.87%
ROICexgc 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-Score6
Asset Turnover0.72
Health
Industry RankSector Rank
Debt/Equity 2.18
Debt/FCF 9.4
Debt/EBITDA 3.93
Cap/Depr 43.28%
Cap/Sales 4.55%
Interest Coverage 2.15
Cash Conversion 67.85%
Profit Quality 1222.64%
Current Ratio 0.84
Quick Ratio 0.66
Altman-Z 0.47
F-Score6
WACC5.8%
ROIC/WACC0.78
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)316.31%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-74.22%
EPS Next Y191.88%
EPS Next 2Y97.21%
EPS Next 3Y61.73%
EPS Next 5Y34.26%
Revenue 1Y (TTM)3.02%
Revenue growth 3Y-0.14%
Revenue growth 5Y-3.54%
Sales Q2Q%-5.95%
Revenue Next Year23.62%
Revenue Next 2Y12.99%
Revenue Next 3Y10.01%
Revenue Next 5Y6.53%
EBIT growth 1Y0.91%
EBIT growth 3Y52.75%
EBIT growth 5Y-8.83%
EBIT Next Year303.2%
EBIT Next 3Y65.43%
EBIT Next 5Y35.53%
FCF growth 1Y-51.27%
FCF growth 3Y-3.59%
FCF growth 5Y-16.92%
OCF growth 1Y-43.96%
OCF growth 3Y5.72%
OCF growth 5Y-8.32%

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 6 / 10 to SUPERIOR PLUS CORP (SPB.CA). This can be considered as Fairly Valued.


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 52.64 and the Price/Book (PB) ratio is 1.47.


How financially healthy is SUPERIOR PLUS CORP?

The financial health rating of SUPERIOR PLUS CORP (SPB.CA) is 3 / 10.