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Superior Plus

TSX:SPB
Snowflake Description

Average dividend payer with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SPB
TSX
CA$2B
Market Cap
  1. Home
  2. CA
  3. Utilities
Company description

Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. The last earnings update was 13 days ago. More info.


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SPB Share Price and Events
7 Day Returns
0.8%
TSX:SPB
1.5%
CA Gas Utilities
1%
CA Market
1 Year Returns
-5.4%
TSX:SPB
11.4%
CA Gas Utilities
-1.6%
CA Market
SPB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Superior Plus (SPB) 0.8% 5.5% 9.4% -5.4% 16.7% -6%
CA Gas Utilities 1.5% 6.3% 17.9% 11.4% 23.1% 30.3%
CA Market 1% -2% 1.9% -1.6% 12.9% 4.6%
1 Year Return vs Industry and Market
  • SPB underperformed the Gas Utilities industry which returned 11.4% over the past year.
  • SPB underperformed the Market in Canada which returned -1.6% over the past year.
Price Volatility
SPB
Industry
5yr Volatility vs Market

SPB Value

 Is Superior Plus undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Superior Plus to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Superior Plus.

TSX:SPB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:SPB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Gas Utilities Unlevered Beta Simply Wall St/ S&P Global 0.42
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.417 (1 + (1- 26.5%) (88.87%))
0.792
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (0.8 * 5.96%)
6.72%

Discounted Cash Flow Calculation for TSX:SPB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Superior Plus is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

TSX:SPB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 6.72%)
2019 220.96 Analyst x5 207.06
2020 242.25 Analyst x6 212.72
2021 275.00 Analyst x1 226.29
2022 294.50 Est @ 7.09% 227.08
2023 310.83 Est @ 5.55% 224.59
2024 324.72 Est @ 4.47% 219.86
2025 336.77 Est @ 3.71% 213.67
2026 347.48 Est @ 3.18% 206.60
2027 357.25 Est @ 2.81% 199.04
2028 366.37 Est @ 2.55% 191.28
Present value of next 10 years cash flows CA$2,128.20
TSX:SPB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$366.37 × (1 + 1.95%) ÷ (6.72% – 1.95%)
CA$7,833.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$7,833.53 ÷ (1 + 6.72%)10
CA$4,089.81
TSX:SPB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$2,128.20 + CA$4,089.81
CA$6,218.00
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$6,218.00 / 174.87
CA$35.56
TSX:SPB Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$35.56
Current discount Discount to share price of CA$12.49
= -1 x (CA$12.49 - CA$35.56) / CA$35.56
64.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Superior Plus is available for.
Intrinsic value
>50%
Share price is CA$12.49 vs Future cash flow value of CA$35.56
Current Discount Checks
For Superior Plus to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Superior Plus's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Superior Plus's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Superior Plus's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Superior Plus's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:SPB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$0.48
TSX:SPB Share Price ** TSX (2019-05-21) in CAD CA$12.49
Canada Gas Utilities Industry PE Ratio Median Figure of 5 Publicly-Listed Gas Utilities Companies 16.92x
Canada Market PE Ratio Median Figure of 544 Publicly-Listed Companies 14.89x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Superior Plus.

TSX:SPB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:SPB Share Price ÷ EPS (both in CAD)

= 12.49 ÷ 0.48

26.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Superior Plus is overvalued based on earnings compared to the CA Gas Utilities industry average.
  • Superior Plus is overvalued based on earnings compared to the Canada market.
Price based on expected Growth
Does Superior Plus's expected growth come at a high price?
Raw Data
TSX:SPB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.03x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
22.2%per year
North America Gas Utilities Industry PEG Ratio Median Figure of 13 Publicly-Listed Gas Utilities Companies 2.58x
Canada Market PEG Ratio Median Figure of 250 Publicly-Listed Companies 1.14x

*Line of best fit is calculated by linear regression .

TSX:SPB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.03x ÷ 22.2%

1.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Superior Plus is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Superior Plus's assets?
Raw Data
TSX:SPB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$6.80
TSX:SPB Share Price * TSX (2019-05-21) in CAD CA$12.49
Canada Gas Utilities Industry PB Ratio Median Figure of 5 Publicly-Listed Gas Utilities Companies 1.04x
Canada Market PB Ratio Median Figure of 2,405 Publicly-Listed Companies 1.43x
TSX:SPB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:SPB Share Price ÷ Book Value per Share (both in CAD)

= 12.49 ÷ 6.80

1.84x

* Primary Listing of Superior Plus.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Superior Plus is overvalued based on assets compared to the CA Gas Utilities industry average.
X
Value checks
We assess Superior Plus's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Gas Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Gas Utilities industry average (and greater than 0)? (1 check)
  5. Superior Plus has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SPB Future Performance

 How is Superior Plus expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Superior Plus expected to grow at an attractive rate?
  • Superior Plus's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Superior Plus's earnings growth is expected to exceed the Canada market average.
  • Superior Plus's revenue growth is positive but not above the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:SPB Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:SPB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 22.2%
TSX:SPB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 1.5%
Canada Gas Utilities Industry Earnings Growth Rate Market Cap Weighted Average -14.4%
North America Gas Utilities Industry Revenue Growth Rate Market Cap Weighted Average 3.4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:SPB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:SPB Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2,973 459 2
2020-12-31 3,127 414 165 6
2019-12-31 2,996 375 170 6
TSX:SPB Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 2,876 315 80
2018-12-31 2,727 263 -34
2018-09-30 2,609 281 57
2018-06-30 2,592 292 -28
2018-03-31 2,584 160 -36
2017-12-31 2,385 183 -28
2017-09-30 2,199 137 -96
2017-06-30 2,163 170 82
2017-03-31 2,136 144 68
2016-12-31 2,024 147 114
2016-09-30 1,987 153 157
2016-06-30 2,030 213 56

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Superior Plus's earnings are expected to grow significantly at over 20% yearly.
  • Superior Plus's revenue is expected to grow by 1.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:SPB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Superior Plus Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:SPB Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 0.88 1.12 0.68 4.00
2019-12-31 0.87 1.12 0.61 4.00
TSX:SPB Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 0.48
2018-12-31 -0.22
2018-09-30 0.38
2018-06-30 -0.19
2018-03-31 -0.25
2017-12-31 -0.20
2017-09-30 -0.67
2017-06-30 0.57
2017-03-31 0.47
2016-12-31 0.80
2016-09-30 1.12
2016-06-30 0.41

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Superior Plus will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Superior Plus's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the North America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Superior Plus has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SPB Past Performance

  How has Superior Plus performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Superior Plus's growth in the last year to its industry (Gas Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Superior Plus's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Superior Plus has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Superior Plus has become profitable in the last year making it difficult to compare the North America Gas Utilities industry average.
Earnings and Revenue History
Superior Plus's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Superior Plus Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:SPB Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 2,875.90 79.70 642.60
2018-12-31 2,726.70 -34.00 611.40
2018-09-30 2,608.60 57.30 554.20
2018-06-30 2,592.40 -27.70 535.60
2018-03-31 2,584.20 -36.10 516.20
2017-12-31 2,385.00 -27.90 492.70
2017-09-30 2,199.20 -96.00 465.40
2017-06-30 2,162.70 81.60 447.30
2017-03-31 2,135.90 67.50 461.60
2016-12-31 2,023.70 114.20 471.40
2016-09-30 1,986.60 157.20 528.30
2016-06-30 2,029.80 56.10 531.80
2016-03-31 1,840.60 100.00 472.40
2015-12-31 2,253.10 -8.90 528.00
2015-09-30 2,663.90 14.20 535.60
2015-06-30 3,033.10 20.10 578.10
2015-03-31 3,669.60 -2.20 664.30
2014-12-31 3,975.90 56.90 661.00
2014-09-30 4,053.80 24.50 673.60
2014-06-30 4,026.20 102.80 668.80
2014-03-31 4,209.20 90.80 716.40
2013-12-31 3,752.80 52.70 651.90
2013-09-30 3,652.10 55.30 626.30
2013-06-30 3,628.40 55.30 625.10
2013-03-31 3,384.30 74.10 578.40
2012-12-31 3,624.30 90.00 618.20
2012-09-30 3,733.70 -154.90 629.60
2012-06-30 3,788.60 -304.20 623.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Superior Plus has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Superior Plus used its assets less efficiently than the CA Gas Utilities industry average last year based on Return on Assets.
  • Superior Plus has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Superior Plus's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Gas Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Superior Plus has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SPB Health

 How is Superior Plus's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Superior Plus's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Superior Plus is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Superior Plus's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Superior Plus's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Superior Plus Company Filings, last reported 1 month ago.

TSX:SPB Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 1,189.10 1,941.10 23.20
2018-12-31 1,088.90 1,853.80 60.60
2018-09-30 1,094.80 1,688.50 44.50
2018-06-30 800.30 821.10 34.20
2018-03-31 804.40 1,039.00 29.90
2017-12-31 776.00 1,052.80 63.20
2017-09-30 752.10 1,003.50 85.70
2017-06-30 914.10 950.10 37.10
2017-03-31 953.70 918.40 14.90
2016-12-31 928.60 528.80 21.40
2016-09-30 967.70 494.40 18.00
2016-06-30 735.60 847.60 16.80
2016-03-31 763.70 812.00 29.90
2015-12-31 713.70 849.20 3.50
2015-09-30 551.00 935.40 8.20
2015-06-30 572.30 950.60 10.50
2015-03-31 557.50 963.70 29.80
2014-12-31 550.40 1,000.00 13.80
2014-09-30 512.90 978.50 29.10
2014-06-30 546.00 967.70 21.70
2014-03-31 576.70 1,052.60 27.40
2013-12-31 540.20 1,045.50 22.00
2013-09-30 533.00 920.30 26.40
2013-06-30 524.70 940.00 20.70
2013-03-31 550.30 990.60 45.40
2012-12-31 374.40 1,159.50 24.20
2012-09-30 367.10 1,108.90 29.40
2012-06-30 363.10 1,138.80 30.40
  • Superior Plus's level of debt (163.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (182.5% vs 163.2% today).
  • Debt is not well covered by operating cash flow (16.2%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Superior Plus's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Superior Plus has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SPB Dividends

 What is Superior Plus's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.76%
Current annual income from Superior Plus dividends. Estimated to be 5.76% next year.
If you bought CA$2,000 of Superior Plus shares you are expected to receive CA$115 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Superior Plus's pays a higher dividend yield than the bottom 25% of dividend payers in Canada (2.04%).
  • Superior Plus's dividend is above the markets top 25% of dividend payers in Canada (5.7%).
Upcoming dividend payment

Purchase Superior Plus before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:SPB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
Canada Gas Utilities Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 5.1%
Canada Market Average Dividend Yield Market Cap Weighted Average of 331 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.2%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:SPB Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.72 1.00
2022-12-31 0.72 1.00
2021-12-31 0.72 3.00
2020-12-31 0.72 9.00
2019-12-31 0.72 9.00
TSX:SPB Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-05-09 0.720 5.847
2019-03-07 0.720 6.252
2019-02-07 0.720 6.333
2019-01-09 0.720 6.681
2018-12-06 0.720 7.355
2018-11-07 0.720 6.775
2018-10-11 0.720 6.000
2018-09-06 0.720 5.623
2018-08-08 0.720 5.468
2018-06-07 0.720 5.634
2018-05-08 0.720 5.549
2018-04-05 0.720 5.612
2018-03-08 0.720 5.706
2018-02-09 0.720 5.811
2018-01-09 0.720 6.040
2017-12-07 0.720 6.059
2017-11-06 0.720 5.878
2017-10-06 0.720 5.596
2017-09-07 0.720 5.967
2017-08-09 0.720 6.246
2017-06-08 0.720 6.380
2017-05-02 0.720 5.911
2017-04-06 0.720 5.515
2017-03-09 0.720 5.588
2017-02-09 0.720 5.659
2017-01-06 0.720 5.667
2016-12-08 0.720 5.654
2016-10-31 0.720 6.048
2016-10-06 0.720 6.221
2016-09-08 0.720 6.155
2016-08-04 0.720 6.179
2016-07-07 0.720 6.406
2016-06-09 0.720 6.740
2016-04-28 0.720 6.511
2016-04-08 0.720 7.085
2016-03-10 0.720 7.822
2016-02-04 0.720 7.767
2016-01-07 0.720 7.178
2015-12-10 0.720 6.909
2015-10-08 0.720 6.861
2015-09-10 0.720 6.513
2015-07-09 0.720 6.278
2015-06-11 0.720 5.536
2015-05-01 0.720 5.253
2015-04-09 0.720 5.012
2015-03-05 0.720 5.101
2015-02-05 0.720 5.517
2015-01-08 0.720 6.046
2014-12-11 0.720 6.067
2014-10-30 0.720 5.724
2014-10-09 0.600 4.811
2014-09-02 0.600 4.266
2014-08-07 0.600 4.127
2014-07-10 0.600 4.343
2014-06-05 0.600 4.368
2014-05-07 0.600 4.425
2014-04-10 0.600 4.483
2014-03-06 0.600 4.868
2014-02-06 0.600 4.817
2014-01-09 0.600 4.949
2013-12-05 0.600 4.965
2013-11-07 0.600 5.354
2013-10-10 0.600 5.434
2013-09-05 0.600 5.478
2013-08-01 0.600 5.332
2013-07-04 0.600 4.752
2013-06-06 0.600 5.127
2013-05-01 0.600 4.823
2013-04-04 0.600 4.774
2013-03-07 0.600 5.145
2013-02-07 0.600 5.404
2013-01-10 0.600 5.547
2012-12-06 0.600 5.786
2012-11-01 0.600 6.102
2012-10-04 0.600 6.331
2012-09-06 0.600 6.512
2012-08-02 0.600 6.855
2012-07-05 0.600 8.761
2012-06-07 0.600 9.288
2012-05-02 0.600 8.400
2012-04-05 0.600 8.069
2012-03-08 0.600 7.858
2012-02-09 0.600 8.932
2012-01-05 0.600 9.746
2011-12-08 0.600 10.308
2011-11-02 0.600 9.782
2011-10-04 1.200 17.293
2011-09-08 1.200 14.269
2011-08-04 1.200 11.913
2011-07-07 1.200 10.799
2011-06-09 1.200 10.629
2011-05-04 1.200 10.346
2011-04-07 1.200 10.890
2011-03-10 1.200 10.621
2011-02-10 1.620 14.125
2011-01-06 1.620 13.820
2010-12-09 1.620 14.664
2010-11-09 1.620 14.707
2010-10-07 1.620 13.763
2010-09-09 1.620 13.535
2010-08-05 1.620 13.702
2010-07-08 1.620 12.128
2010-06-11 1.620 12.372
2010-05-06 1.620 12.579
2010-04-08 1.620 11.467
2010-03-11 1.620 11.435
2010-02-11 1.620 11.703
2010-01-07 1.620 11.493
2009-12-10 1.620 11.257
2009-11-04 1.620 12.614
2009-10-08 1.620 12.929
2009-09-10 1.620 13.950
2009-08-06 1.620 14.390
2009-07-09 1.620 15.058
2009-06-11 1.620 15.432

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Superior Plus's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Superior Plus's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Superior Plus afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Superior Plus has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SPB Management

 What is the CEO of Superior Plus's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Luc Desjardins
COMPENSATION CA$4,224,897
AGE 65
TENURE AS CEO 7.5 years
CEO Bio

Mr. Luc Desjardins serves as a Director of Canadian Imperial Bank of Commerce since 2009. He is President and Chief Executive Officer of Superior Plus Corp. since November 14, 2011. He serves as Director of Superior Plus Corp. since 2011. From 2008 to 2011, Mr. Desjardins was an Operating Partner at The Sterling Group, LP. From 2004 to 2008, Mr. Desjardins was President and Chief Executive Officer of Transcontinental Inc. In addition to the public company Directorship noted below, Mr. Desjardins is a Director of Gestion Jourdan SEC and a Member of the World Presidents’ Organization. Mr. Desjardins has extensive strategic, finance, US and Canadian business experience, including in the areas of strategic planning, risk management, human resources, and operational management. During his partnership with The Sterling Group LP, he was executive chair of three enterprises involved in the distribution industry, as well as the energy products and services industry.Mr. Desjardins holds a Master of Business Administration degree from Université du Québec à Montréal and is a graduate of the Harvard Business School Management Development Program. His area of expertise includes Distribution business, Energy business, US business, Operational management, Strategic planning, Marketing/sales, Human resources/compensation and Mergers & acquisitions.

CEO Compensation
  • Luc's compensation has increased in line with Superior Plus recently becoming profitable.
  • Luc's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Superior Plus management team in years:

4.3
Average Tenure
61
Average Age
  • The tenure for the Superior Plus management team is about average.
Management Team

Luc Desjardins

TITLE
President
COMPENSATION
CA$4M
AGE
65
TENURE
7.5 yrs

Beth Summers

TITLE
Executive VP & CFO
COMPENSATION
CA$1M
TENURE
3.5 yrs

Darren Hribar

TITLE
Senior VP & Chief Legal Officer
COMPENSATION
CA$1M
TENURE
4.3 yrs

Greg McCamus

TITLE
President of Superior Propane & Energy Distribution
COMPENSATION
CA$1M
TENURE
6.5 yrs

Ed Bechberger

TITLE
President of Specialty Chemicals
COMPENSATION
CA$1M
TENURE
4.3 yrs

Andy Peyton

TITLE
President of US Propane
COMPENSATION
CA$1M
AGE
50
TENURE
2.6 yrs

Kay Best

TITLE
Consultant & Independent Director
COMPENSATION
CA$173K
AGE
64

Doug Harrison

TITLE
Consultant & Independent Director
COMPENSATION
CA$156K
AGE
58

James Devens

TITLE
Vice President of Operations - U.S. Propane Distribution
TENURE
0.4 yrs

Rob Dorran

TITLE
Vice President of Investor Relations & Treasurer
Board of Directors Tenure

Average tenure and age of the Superior Plus board of directors in years:

5
Average Tenure
61
Average Age
  • The tenure for the Superior Plus board of directors is about average.
Board of Directors

David Smith

TITLE
Chairman
COMPENSATION
CA$293K
AGE
59
TENURE
4.8 yrs

Luc Desjardins

TITLE
President
COMPENSATION
CA$4M
AGE
65
TENURE
7.5 yrs

Randy Findlay

TITLE
Independent Director
COMPENSATION
CA$169K
AGE
68
TENURE
12.2 yrs

Kay Best

TITLE
Consultant & Independent Director
COMPENSATION
CA$173K
AGE
64
TENURE
11.8 yrs

Mary Jordan

TITLE
Independent Director
COMPENSATION
CA$168K
AGE
59
TENURE
5 yrs

Doug Harrison

TITLE
Consultant & Independent Director
COMPENSATION
CA$156K
AGE
58
TENURE
3.8 yrs

Gene Bissell

TITLE
Independent Director
COMPENSATION
CA$220K
AGE
65
TENURE
5 yrs

Richard Bradeen

TITLE
Independent Director
COMPENSATION
CA$158K
AGE
61
TENURE
4 yrs

Pat Gottschalk

TITLE
Independent Director
COMPENSATION
CA$217K
AGE
55
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Superior Plus insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
06. Mar 19 Buy Beth Summers Individual 06. Mar 19 06. Mar 19 3,500 CA$11.25 CA$39,375
21. Feb 19 Buy Andrew Peyton Individual 20. Feb 19 20. Feb 19 12,000 CA$11.31 CA$135,525
22. Dec 18 Buy Edward Bechberger Individual 21. Dec 18 21. Dec 18 1,000 CA$9.40 CA$9,400
14. Dec 18 Buy Darren Hribar Individual 14. Dec 18 14. Dec 18 1,500 CA$9.45 CA$14,175
14. Dec 18 Buy Edward Bechberger Individual 13. Dec 18 13. Dec 18 1,000 CA$9.70 CA$9,700
27. Nov 18 Buy Luc Desjardins Individual 27. Nov 18 27. Nov 18 24,000 CA$10.23 CA$245,268
26. Nov 18 Buy Edward Bechberger Individual 26. Nov 18 26. Nov 18 2,040 CA$10.25 CA$20,910
26. Nov 18 Buy Beth Summers Individual 26. Nov 18 26. Nov 18 2,000 CA$10.20 CA$20,400
18. Nov 18 Buy John Engelen Individual 16. Nov 18 16. Nov 18 3,000 CA$10.55 CA$31,650
15. Nov 18 Buy Edward Bechberger Individual 14. Nov 18 14. Nov 18 1,000 CA$10.75 CA$10,750
14. Nov 18 Buy Darren Hribar Individual 14. Nov 18 14. Nov 18 1,000 CA$10.70 CA$10,700
13. Nov 18 Buy Edward Bechberger Individual 12. Nov 18 12. Nov 18 1,000 CA$10.95 CA$10,950
12. Nov 18 Buy Darren Hribar Individual 28. Oct 15 09. Nov 18 3,000 CA$11.25 CA$32,073
09. Nov 18 Buy Darren Hribar Individual 09. Nov 18 09. Nov 18 500 CA$11.15 CA$5,575
09. Nov 18 Buy Edward Bechberger Individual 09. Nov 18 09. Nov 18 2,910 CA$11.50 CA$33,165
09. Nov 18 Buy John Engelen Individual 09. Nov 18 09. Nov 18 3,000 CA$11.20 CA$33,600
09. Nov 18 Buy Beth Summers Individual 09. Nov 18 09. Nov 18 2,650 CA$11.22 CA$29,733
X
Management checks
We assess Superior Plus's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Superior Plus has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SPB News

Simply Wall St News

Investors Who Bought Superior Plus (TSE:SPB) Shares Five Years Ago Are Now Down 17%

Because Superior Plus is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … When a company doesn't make profits, we'd generally expect to see good revenue growth. … Over half a decade Superior Plus reduced its trailing twelve month revenue by 13% for each year.

Simply Wall St -

One Thing To Remember About The Superior Plus Corp. (TSE:SPB) Share Price

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility).

Simply Wall St -

What Kind Of Shareholders Own Superior Plus Corp. (TSE:SPB)?

Generally speaking, as a company grows, institutions will increase their ownership. … institutions own shares in the company. … We can zoom in on the different ownership groups, to learn more about SPB

Simply Wall St -

Superior Plus Corp. (TSE:SPB) Insiders Increased Their Holdings

So we'll take a look at whether insiders have been buying or selling shares in Superior Plus Corp. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Superior Plus Insider Transactions Over The Last Year.

Simply Wall St -

Is Superior Plus Corp.'s (TSE:SPB) CEO Overpaid Relative To Its Peers?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … See our latest analysis for Superior Plus … How Does Luc Desjardins's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Is It Too Late To Consider Buying Superior Plus Corp. (TSE:SPB)?

saw a double-digit share price rise of over 10% in the past couple of months on the TSX. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Let’s take a look at Superior Plus’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For Superior Plus Corp. (TSE:SPB)?

(TSE:SPB), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Should You Be Worried About Superior Plus Corp's (TSE:SPB) 5.4% Return On Equity?

Our data shows Superior Plus has a return on equity of 5.4% for the last year. … That means that for every CA$1 worth of shareholders' equity, it generated CA$0.054 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Could Superior Plus Corp's (TSE:SPB) Investor Composition Influence The Stock Price?

Conversely, insiders often decrease their ownership over time. … Taking a look at the our data on the ownership groups (below), it's seems that. … We can zoom in on the different ownership groups, to learn more about SPB

Simply Wall St -

Estimating The Intrinsic Value Of Superior Plus Corp (TSE:SPB)

Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Superior Plus Corp (TSE:SPB) as an investment opportunity. … by taking the foreast future cash flows of the company and discounting them back to today's value. … If you are reading this and its not November 2018 then I highly recommend you check out the latest calculation for Superior Plus by following the link below

Simply Wall St -

SPB Company Info

Description

Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile. The company’s Energy Distribution segment provides distribution, wholesale procurement, and related services for propane, heating oil, and other refined fuels. Its Specialty Chemicals segment supplies sodium chlorate and technology to the pulp and paper industries, as well as potassium and chlor-alkali products. Superior General Partner Inc. serves as the general partner of the company. Superior Plus Corp. was founded in 1996 and is based in Toronto, Canada.

Details
Name: Superior Plus Corp.
SPB
Exchange: TSX
Founded: 1996
CA$2,184,152,778
174,872,120
Website: http://www.superiorplus.com
Address: Superior Plus Corp.
200 Wellington Street West,
Suite 401,
Toronto,
Ontario, M5V 3C7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX SPB Common Shares The Toronto Stock Exchange CA CAD 08. Oct 1996
OTCPK SUUI.F Common Shares Pink Sheets LLC US USD 08. Oct 1996
DB 8SP Common Shares Deutsche Boerse AG DE EUR 08. Oct 1996
Number of employees
Current staff
Staff numbers
4,342
Superior Plus employees.
Industry
Gas Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 06:14
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/14
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.