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 8 industry peers in the Gas Utilities industry. SPB has only an average score on both its financial health and profitability. SPB has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
SPB had positive earnings in the past year.
In the past year SPB had a positive cash flow from operations.
In multiple years SPB reported negative net income over the last 5 years.
In the past 5 years SPB always reported a positive cash flow from operatings.
1.2 Ratios
SPB's Return On Assets of 0.67% is on the low side compared to the rest of the industry. SPB is outperformed by 62.50% of its industry peers.
SPB's Return On Equity of 2.42% is on the low side compared to the rest of the industry. SPB is outperformed by 62.50% of its industry peers.
SPB has a better Return On Invested Capital (4.79%) than 87.50% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SPB is in line with the industry average of 4.39%.
The 3 year average ROIC (4.06%) for SPB is below the current ROIC(4.79%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.67% | ||
| ROE | 2.42% | ||
| ROIC | 4.79% |
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 has a worse Profit Margin (0.98%) than 62.50% of its industry peers.
SPB's Operating Margin of 8.65% is amongst the best of the industry. SPB outperforms 87.50% of its industry peers.
In the last couple of years the Operating Margin of SPB has declined.
The Gross Margin of SPB (52.87%) is better than 87.50% of its industry peers.
SPB's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.65% | ||
| PM (TTM) | 0.98% | ||
| GM | 52.87% |
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
SPB has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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 0.63, we must say that SPB is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.63, SPB is in line with its industry, outperforming 50.00% of the companies in the same industry.
The Debt to FCF ratio of SPB is 13.53, which is on the high side as it means it would take SPB, 13.53 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of SPB (13.53) is better than 100.00% of its industry peers.
SPB has a Debt/Equity ratio of 1.74. This is a high value indicating a heavy dependency on external financing.
With a Debt to Equity ratio value of 1.74, SPB is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.74 | ||
| Debt/FCF | 13.53 | ||
| Altman-Z | 0.63 |
ROIC/WACC0.82
WACC5.86%
2.3 Liquidity
SPB has a Current Ratio of 1.25. This is a normal value and indicates that SPB is financially healthy and should not expect problems in meeting its short term obligations.
SPB's Current ratio of 1.25 is amongst the best of the industry. SPB outperforms 100.00% of its industry peers.
A Quick Ratio of 1.10 indicates that SPB should not have too much problems paying its short term obligations.
With an excellent Quick ratio value of 1.10, SPB belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.25 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
SPB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 220.22%, which is quite impressive.
The Revenue has decreased by -8.67% in the past year.
SPB shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -3.54% yearly.
EPS 1Y (TTM)220.22%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%120%
Revenue 1Y (TTM)-8.67%
Revenue growth 3Y-0.14%
Revenue growth 5Y-3.54%
Sales Q2Q%12.33%
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.
The Revenue is expected to grow by 12.73% on average over the next years. This is quite good.
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
The Price/Earnings ratio is 50.50, which means the current valuation is very expensive for SPB.
Compared to the rest of the industry, the Price/Earnings ratio of SPB indicates a slightly more expensive valuation: SPB is more expensive than 62.50% of the companies listed in the same industry.
SPB's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.30.
A Price/Forward Earnings ratio of 15.12 indicates a correct 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 21.76, SPB is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.5 | ||
| Fwd PE | 15.12 |
4.2 Price Multiples
SPB's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SPB is cheaper than 75.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, SPB is valued cheaply inside the industry as 87.50% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.32 | ||
| EV/EBITDA | 6.63 |
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 60.69% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.23
PEG (5Y)N/A
EPS Next 2Y90.49%
EPS Next 3Y60.69%
5. Dividend
5.1 Amount
SPB has a Yearly Dividend Yield of 2.24%.
Compared to an average industry Dividend Yield of 3.27, SPB is paying slightly less dividend.
SPB's Dividend Yield is comparable with the S&P500 average which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.24% |
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
5.3 Sustainability
505.74% of the earnings are spent on dividend by SPB. This is not a sustainable payout ratio.
DP505.74%
EPS Next 2Y90.49%
EPS Next 3Y60.69%
TSX:SPB (7/11/2025, 7:00:00 PM)
8.08
-0.12 (-1.46%)
Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryGas Utilities
Earnings (Last)
Earnings (Next)
Inst Owners19.6%
Inst Owner ChangeN/A
Ins Owners0.26%
Ins Owner ChangeN/A
Market Cap1.88B
Analysts78.67
Price Target10.29 (27.35%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.24% |
Yearly Dividend0.83
Dividend Growth(5Y)-3.18%
DP505.74%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-15.08%
Min EPS beat(2)-100%
Max EPS beat(2)69.83%
EPS beat(4)1
Avg EPS beat(4)-53.05%
Min EPS beat(4)-100%
Max EPS beat(4)69.83%
EPS beat(8)2
Avg EPS beat(8)-39.11%
EPS beat(12)4
Avg EPS beat(12)-34.77%
EPS beat(16)6
Avg EPS beat(16)-2.69%
Revenue beat(2)1
Avg Revenue beat(2)1.71%
Min Revenue beat(2)-1.33%
Max Revenue beat(2)4.75%
Revenue beat(4)2
Avg Revenue beat(4)-5.41%
Min Revenue beat(4)-32.97%
Max Revenue beat(4)7.91%
Revenue beat(8)2
Avg Revenue beat(8)-13.22%
Revenue beat(12)3
Avg Revenue beat(12)-6.88%
Revenue beat(16)7
Avg Revenue beat(16)-1.2%
PT rev (1m)3.02%
PT rev (3m)9.09%
EPS NQ rev (1m)0.77%
EPS NQ rev (3m)25.18%
EPS NY rev (1m)0%
EPS NY rev (3m)-25.43%
Revenue NQ rev (1m)0.25%
Revenue NQ rev (3m)-12.01%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-17.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 50.5 | ||
| Fwd PE | 15.12 | ||
| P/S | 0.55 | ||
| P/FCF | 10.32 | ||
| P/OCF | 4.91 | ||
| P/B | 1.36 | ||
| P/tB | N/A | ||
| EV/EBITDA | 6.63 |
EPS(TTM)0.16
EY1.98%
EPS(NY)0.53
Fwd EY6.62%
FCF(TTM)0.78
FCFY9.69%
OCF(TTM)1.65
OCFY20.37%
SpS14.7
BVpS5.94
TBVpS-4.43
PEG (NY)0.23
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.67% | ||
| ROE | 2.42% | ||
| ROCE | 6.66% | ||
| ROIC | 4.79% | ||
| ROICexc | 4.84% | ||
| ROICexgc | 10.72% | ||
| OM | 8.65% | ||
| PM (TTM) | 0.98% | ||
| GM | 52.87% | ||
| FCFM | 5.33% |
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-Score6
Asset Turnover0.68
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.74 | ||
| Debt/FCF | 13.53 | ||
| Debt/EBITDA | 3.67 | ||
| Cap/Depr | 56.18% | ||
| Cap/Sales | 5.87% | ||
| Interest Coverage | 2.25 | ||
| Cash Conversion | 58.62% | ||
| Profit Quality | 544.26% | ||
| Current Ratio | 1.25 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z | 0.63 |
F-Score6
WACC5.86%
ROIC/WACC0.82
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)220.22%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%120%
EPS Next Y215.6%
EPS Next 2Y90.49%
EPS Next 3Y60.69%
EPS Next 5YN/A
Revenue 1Y (TTM)-8.67%
Revenue growth 3Y-0.14%
Revenue growth 5Y-3.54%
Sales Q2Q%12.33%
Revenue Next Year25.94%
Revenue Next 2Y13.83%
Revenue Next 3Y12.73%
Revenue Next 5YN/A
EBIT growth 1Y26.98%
EBIT growth 3Y52.75%
EBIT growth 5Y-8.83%
EBIT Next Year316.48%
EBIT Next 3Y66.75%
EBIT Next 5Y43.75%
FCF growth 1Y-61.48%
FCF growth 3Y-3.59%
FCF growth 5Y-16.92%
OCF growth 1Y-41.49%
OCF growth 3Y5.72%
OCF growth 5Y-8.32%