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SPB

Superior Plus TSX:SPB Stock Report

Last Price

CA$12.13

Market Cap

CA$2.4b

7D

1.2%

1Y

-20.0%

Updated

21 May, 2022

Data

Company Financials +
SPB fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance1/6
Financial Health1/6
Dividends3/6

SPB Stock Overview

Superior Plus Corp. engages in the energy distribution business.

Superior Plus Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Superior Plus
Historical stock prices
Current Share PriceCA$12.13
52 Week HighCA$16.24
52 Week LowCA$10.80
Beta1.04
1 Month Change2.88%
3 Month Change7.54%
1 Year Change-19.99%
3 Year Change-2.57%
5 Year Change0.92%
Change since IPO-2.57%

Recent News & Updates

May 12
Industry Analysts Just Upgraded Their Superior Plus Corp. (TSE:SPB) Revenue Forecasts By 15%

Industry Analysts Just Upgraded Their Superior Plus Corp. (TSE:SPB) Revenue Forecasts By 15%

Celebrations may be in order for Superior Plus Corp. ( TSE:SPB ) shareholders, with the analysts delivering a...

May 10
Superior Plus (TSE:SPB) Will Pay A Dividend Of CA$0.06

Superior Plus (TSE:SPB) Will Pay A Dividend Of CA$0.06

Superior Plus Corp. ( TSE:SPB ) has announced that it will pay a dividend of CA$0.06 per share on the 15th of June...

Shareholder Returns

SPBCA Gas UtilitiesCA Market
7D1.2%1.7%0.8%
1Y-20.0%7.3%4.9%

Return vs Industry: SPB underperformed the Canadian Gas Utilities industry which returned 7.3% over the past year.

Return vs Market: SPB underperformed the Canadian Market which returned 4.8% over the past year.

Price Volatility

Is SPB's price volatile compared to industry and market?
SPB volatility
SPB Average Weekly Movement3.1%
Gas Utilities Industry Average Movement3.7%
Market Average Movement9.9%
10% most volatile stocks in CA Market16.9%
10% least volatile stocks in CA Market4.3%

Stable Share Price: SPB is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SPB's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1996n/aLuc Desjardinshttps://www.superiorplus.com

Superior Plus Corp. engages in the energy distribution business. It operates through two segments, U.S. Propane Distribution and Canadian Propane Distribution.

Superior Plus Fundamentals Summary

How do Superior Plus's earnings and revenue compare to its market cap?
SPB fundamental statistics
Market CapCA$2.45b
Earnings (TTM)CA$50.70m
Revenue (TTM)CA$2.72b

48.3x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SPB income statement (TTM)
RevenueCA$2.72b
Cost of RevenueCA$1.77b
Gross ProfitCA$949.30m
Other ExpensesCA$898.60m
EarningsCA$50.70m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.25
Gross Margin34.86%
Net Profit Margin1.86%
Debt/Equity Ratio122.2%

How did SPB perform over the long term?

See historical performance and comparison

Dividends

5.9%

Current Dividend Yield

250%

Payout Ratio

Does SPB pay a reliable dividends?

See SPB dividend history and benchmarks
When do you need to buy SPB by to receive an upcoming dividend?
Superior Plus dividend dates
Ex Dividend DateMay 30 2022
Dividend Pay DateJun 15 2022
Days until Ex dividend7 days
Days until Dividend pay date23 days

Does SPB pay a reliable dividends?

See SPB dividend history and benchmarks

Valuation

Is Superior Plus undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: SPB (CA$12.13) is trading below our estimate of fair value (CA$79.82)

Significantly Below Fair Value: SPB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SPB is poor value based on its PE Ratio (48.3x) compared to the North American Gas Utilities industry average (22.8x).

PE vs Market: SPB is poor value based on its PE Ratio (48.3x) compared to the Canadian market (11.5x).


Price to Earnings Growth Ratio

PEG Ratio: SPB is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: SPB is overvalued based on its PB Ratio (2.3x) compared to the XN Gas Utilities industry average (1.8x).


Future Growth

How is Superior Plus forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


39.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPB's forecast earnings growth (39.4% per year) is above the savings rate (1.6%).

Earnings vs Market: SPB's earnings (39.4% per year) are forecast to grow faster than the Canadian market (7.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SPB's revenue (1% per year) is forecast to grow slower than the Canadian market (6.4% per year).

High Growth Revenue: SPB's revenue (1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SPB's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Superior Plus performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


21.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SPB has a large one-off loss of CA$30.0M impacting its March 31 2022 financial results.

Growing Profit Margin: SPB's current net profit margins (1.9%) are lower than last year (5.7%).


Past Earnings Growth Analysis

Earnings Trend: SPB's earnings have grown significantly by 21.5% per year over the past 5 years.

Accelerating Growth: SPB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SPB had negative earnings growth (-55%) over the past year, making it difficult to compare to the Gas Utilities industry average (-17%).


Return on Equity

High ROE: SPB's Return on Equity (5.9%) is considered low.


Financial Health

How is Superior Plus's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SPB's short term assets (CA$685.1M) exceed its short term liabilities (CA$498.6M).

Long Term Liabilities: SPB's short term assets (CA$685.1M) do not cover its long term liabilities (CA$2.1B).


Debt to Equity History and Analysis

Debt Level: SPB's net debt to equity ratio (119.1%) is considered high.

Reducing Debt: SPB's debt to equity ratio has increased from 90.3% to 122.2% over the past 5 years.

Debt Coverage: SPB's debt is not well covered by operating cash flow (13.3%).

Interest Coverage: SPB's interest payments on its debt are not well covered by EBIT (2.2x coverage).


Balance Sheet


Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


5.94%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 22 2022Ex Dividend DateMay 30 2022Dividend Pay DateJun 15 202216 days from Ex DividendBuy in the next 7 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: SPB's dividend (5.94%) is higher than the bottom 25% of dividend payers in the Canadian market (1.91%).

High Dividend: SPB's dividend (5.94%) is in the top 25% of dividend payers in the Canadian market (4.91%)


Stability and Growth of Payments

Stable Dividend: SPB's dividends per share have been stable in the past 10 years.

Growing Dividend: SPB's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (249.9%), SPB's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (111.4%), SPB's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average management tenure


CEO

Luc Desjardins (68 yo)

10.5yrs

Tenure

CA$3,871,260

Compensation

Mr. Luc Desjardins M.B.A. serves as Director of Canadian Imperial Bank of Commerce since February 26, 2009. He is President, Chief Executive Officer and Director of Superior Plus Corp. since joining on Nov...


CEO Compensation Analysis

Compensation vs Market: Luc's total compensation ($USD3.02M) is above average for companies of similar size in the Canadian market ($USD2.24M).

Compensation vs Earnings: Luc's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SPB's management team is considered experienced (4.5 years average tenure).


Board Members

Experienced Board: SPB's board of directors are considered experienced (8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SPB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 14.6%.


Top Shareholders

Company Information

Superior Plus Corp.'s employee growth, exchange listings and data sources


Key Information

  • Name: Superior Plus Corp.
  • Ticker: SPB
  • Exchange: TSX
  • Founded: 1996
  • Industry: Gas Utilities
  • Sector: Utilities
  • Implied Market Cap: CA$2.447b
  • Shares outstanding: 201.71m
  • Website: https://www.superiorplus.com

Number of Employees


Location

  • Superior Plus Corp.
  • 200 Wellington Street West
  • Suite 401
  • Toronto
  • Ontario
  • M5V 3C7
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/21 00:00
End of Day Share Price2022/05/20 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.