SP Plus Corporation

Report azionario NasdaqGS:SP

Capitalizzazione di mercato: US$1.1b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

SP Plus Salute del bilancio

Criteri Salute finanziaria verificati 1/6

SP Plus ha un patrimonio netto totale di $260.6M e un debito totale di $323.4M, che porta il suo rapporto debito/patrimonio netto a 124.1%. Le sue attività totali e le sue passività totali sono rispettivamente $1.1B e $881.8M. L'EBIT di SP Plus è $93.2M rendendo il suo rapporto di copertura degli interessi 3.2. Ha liquidità e investimenti a breve termine pari a $17.8M.

Informazioni chiave

124.10%

Rapporto debito/patrimonio netto

US$323.40m

Debito

Indice di copertura degli interessi3.2x
ContantiUS$17.80m
Patrimonio nettoUS$260.60m
Totale passivitàUS$881.80m
Totale attivitàUS$1.14b

Aggiornamenti recenti sulla salute finanziaria

Articolo di analisi • Oct 29

Here's Why SP Plus (NASDAQ:SP) Can Manage Its Debt Responsibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Articolo di analisi • Jul 22

SP Plus (NASDAQ:SP) Has A Pretty Healthy Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Articolo di analisi • Apr 12

Is SP Plus (NASDAQ:SP) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Recent updates

Articolo di analisi • Aug 09

Should You Think About Buying SP Plus Corporation (NASDAQ:SP) Now?

While SP Plus Corporation ( NASDAQ:SP ) might not be the most widely known stock at the moment, it saw a significant...
Articolo di analisi • Mar 14

What Is SP Plus Corporation's (NASDAQ:SP) Share Price Doing?

While SP Plus Corporation ( NASDAQ:SP ) might not be the most widely known stock at the moment, it received a lot of...
Articolo di analisi • Oct 29

Here's Why SP Plus (NASDAQ:SP) Can Manage Its Debt Responsibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Seeking Alpha • Oct 11

SP Plus acquires K M P Associates, including AeroParker

SP Plus (NASDAQ:SP) acquired K M P Associates Limited, a software and technology provider serving aviation and commercial parking clients throughout the United States and Europe. Commenting on the transaction, Marc Baumann, Chairman and CEO of SP+, noted, “The acquisition of KMP is aligned with our strategy of complementing organic growth with acquisitions that further strengthen our industry-leading technology capabilities, particularly in those areas that support digital transactions and the development of smart cities. Through this combination, we have the opportunity to leverage our respective relationships and expertise to bring innovative technology solutions to airports and commercial parking operations both within and outside of North America. In addition to expanding our addressable market, the acquisition of KMP has the potential to serve as a growth platform for us, advancing the digital transformation of our industry.”
Articolo di analisi • Sep 02

Is Now The Time To Look At Buying SP Plus Corporation (NASDAQ:SP)?

SP Plus Corporation ( NASDAQ:SP ), might not be a large cap stock, but it saw a decent share price growth in the teens...
Seeking Alpha • Jul 30

SP Plus: A Good Place To Park Your Money

SP Plus Corporation has done really well in recent months, with returns outpacing the broader market while fundamental performance remains robust. Management continues to add value to the firm and the picture moving forward looks bullish. In all, this is a solid prospect to consider buying into at this time. One of the more interesting companies that I've come across in recent years is SP Plus Corporation (SP). This firm focuses on providing various mobility solutions, largely centered around the management of parking lots, the oversight of parking meter collection and other forms of parking enforcement services, and a variety of other related activities. Despite concerns of the economy weakening, SP Plus seems to be doing quite well for itself. Even as the market has plunged in recent months, shares of the business have risen nicely, driven in large part by strong top line and bottom line performance. Although it's clear that the easy money has been made, shares are cheap enough that the company does seem to offer some additional upside potential moving forward. And because of that, I have decided to retain my 'buy' rating on the firm for now. The picture just keeps getting better Back in April of this year, I wrote a bullish article about SP Plus. In that article, I called the company a unique play on mobility. I acknowledged that, over the years, the firm had been on a bumpy ride from a fundamental perspective. But on the whole, performance had been robust and positive. The company was especially showing signs of recovery following the worst of the COVID-19 pandemic, leading to upside potential for investors in the near term. This argument was further bolstered by the fact that I viewed shares as being attractively priced. As a result of my findings, I rated the business a 'buy', reflecting my opinion that it would likely generate returns that would outperform the broader market for the foreseeable future. Since then, my call has ended up looking pretty good. While the S&P 500 is down by 7.2%, shares of SP Plus have generated a profit for investors of 15.3%. Author - SEC EDGAR Data When I last wrote about the firm, we had data covering through the entirety of the firm's 2021 fiscal year. Fast forward to today, and we now have data for one additional quarter, the first quarter of 2022. So far, the picture has been really impressive. Consider revenue. In the first quarter of the year, revenue came in at $349.8 million. That represents an increase of 41.8% over the $246.7 million the business generated the same quarter just one year earlier. Based on the data provided, this increase in revenue was driven by a couple of different factors. For instance, during the quarter, services revenue came in at $184.4 million. That's 43.3% above the $128.7 million generated just one year earlier. According to management, this increase in services revenue was driven by growth across both lease-type contracts and management-type contracts. The company also saw a significant improvement in reimbursed management type contract revenue, a figure that rose from $118 million in the first quarter of 2021 to $165.4 million the same time this year. All of these improvements were driven in large part by increased volume at the properties in which it operates thanks to the reopening of the economy. As revenue rose, profitability for the company followed suit. Net income in the first quarter totaled $10.7 million. That's significantly higher than the $2.3 million reported just one year earlier. Operating cash flow went from a negative $1 million to a positive $26.4 million. If we adjust for changes in working capital, it would have risen More modestly from $14.2 million to $21.7 million. Meanwhile, EBITDA for the business also improved, climbing from $18.2 million to $26.4 million. Profitability for the company has been so impressive that, in the month of May, the company even decided to announce a new share buyback program in the amount of $60 million. Although this may not seem like much, at current pricing, exercising this in full would buy back about 7.6% of the company's shares. When it comes to the 2022 fiscal year, management has some pretty high hopes for the business. Net income, for starters, should come in at between $56 million and $61 million, with a midpoint of $58.5 million. That midpoint figure would translate to an 84.5% rise over the $31.7 million generated in 2021. Operating cash flow last year was $53.4 million, with the adjusted figure for it coming in at $83.7 million. Management is forecasting a reading of between $83 million and $98 million, with a midpoint of $90.5 million. And then we have the issue of EBITDA. The current expectation is for this to come in at between $110 million and $120 million, implying a midpoint reading of $115 million. Last year, this metric was just $95.2 million. Author - SEC EDGAR Data Using this data, it becomes pretty easy to value the company. On a forward basis, the firm is trading at a price-to-earnings multiple of 13.4. That's down from the 24.8 reading that we get if we use 2021 results. The price to adjusted operating cash flow multiple should drop from 9.1 last year to 8.7 this year. And the EV to EBITDA multiple should decline from 11.3 to 9.3. To put this in perspective, I also compared the company to the same five firms that I compared to in my last article. Only four of those five companies had positive financial results. On a price-to-earnings basis, these companies range from a low of 11.8 to a high of 95.8. Only one of the four companies was cheaper than SP Plus. Using the price to operating cash flow approach, the range was from 6.3 to 84.5. And using the EV to EBITDA approach, the range was from 6.7 to 13.8. In both of these scenarios, two of the four firms were cheaper than our prospect.
Articolo di analisi • Jul 22

SP Plus (NASDAQ:SP) Has A Pretty Healthy Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Articolo di analisi • May 18

At US$31.38, Is It Time To Put SP Plus Corporation (NASDAQ:SP) On Your Watch List?

While SP Plus Corporation ( NASDAQ:SP ) might not be the most widely known stock at the moment, it saw a decent share...
Seeking Alpha • Apr 14

SP Plus: A Unique Play On Mobility

SP Plus has been on a bumpy ride over the past few years, but overall fundamental performance is robust. The company has shown some signs of recovery and the near-term looks favorable for investors. Shares are also attractively priced at this time and imply some upside potential moving forward.
Articolo di analisi • Apr 12

Is SP Plus (NASDAQ:SP) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Articolo di analisi • Feb 26

Is There An Opportunity With SP Plus Corporation's (NASDAQ:SP) 47% Undervaluation?

In this article we are going to estimate the intrinsic value of SP Plus Corporation ( NASDAQ:SP ) by taking the...
Articolo di analisi • Nov 30

At US$28.25, Is It Time To Put SP Plus Corporation (NASDAQ:SP) On Your Watch List?

While SP Plus Corporation ( NASDAQ:SP ) might not be the most widely known stock at the moment, it saw significant...
Articolo di analisi • Nov 04

We Think SP Plus' (NASDAQ:SP) Healthy Earnings Might Be Conservative

Shareholders appeared to be happy with SP Plus Corporation's ( NASDAQ:SP ) solid earnings report last week. Looking...
Articolo di analisi • Jul 30

Is SP Plus Corporation (NASDAQ:SP) Expensive For A Reason? A Look At Its Intrinsic Value

In this article we are going to estimate the intrinsic value of SP Plus Corporation ( NASDAQ:SP ) by taking the...
Articolo di analisi • Apr 19

Is Now The Time To Look At Buying SP Plus Corporation (NASDAQ:SP)?

While SP Plus Corporation ( NASDAQ:SP ) might not be the most widely known stock at the moment, it saw a double-digit...
Articolo di analisi • Mar 11

Have Insiders Sold SP Plus Corporation (NASDAQ:SP) Shares Recently?

We'd be surprised if SP Plus Corporation ( NASDAQ:SP ) shareholders haven't noticed that the President of Airport...
Articolo di analisi • Mar 01

Are SP Plus Corporation (NASDAQ:SP) Investors Paying Above The Intrinsic Value?

How far off is SP Plus Corporation ( NASDAQ:SP ) from its intrinsic value? Using the most recent financial data, we'll...
Articolo di analisi • Feb 10

Update: SP Plus (NASDAQ:SP) Stock Gained 39% In The Last Five Years

If you buy and hold a stock for many years, you'd hope to be making a profit. Furthermore, you'd generally like to see...

Analisi della posizione finanziaria

Passività a breve termine: Le attività a breve termine ( { SP di $210.4M ) non coprono le sue passività a breve termine ( $325.9M ).

Passività a lungo termine: Le attività a breve termine di SP ( $210.4M ) non coprono le sue passività a lungo termine ( $555.9M ).

Storia e analisi del rapporto debito/patrimonio netto

Livello di debito: Il rapporto debito netto/patrimonio netto ( 117.3% ) di SP è considerato alto.

Riduzione del debito: Il rapporto debito/patrimonio netto di SP è aumentato da 98.1% a 124.1% negli ultimi 5 anni.

Copertura del debito: Il debito di SP non è ben coperto dal flusso di cassa operativo ( 19.4% ).

Copertura degli interessi: I pagamenti degli interessi sul debito di SP sono ben coperti dall'EBIT ( 3.2 x copertura).

Bilancio

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Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2024/05/16 04:10
Prezzo dell'azione a fine giornata2024/05/16 00:00
Utili2024/03/31
Utili annuali2023/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

SP Plus Corporation è coperta da 5 analisti. 0 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.

AnalistaIstituzione
Andrea WirthBaird
Kevin SteinkeBarrington Research Associates, Inc.
Daniel MooreCJS Securities, Inc.