Executive Summary
Superior Plus Corp. engages in the energy distribution and specialty chemicals businesses in Canada, the United States, and Chile.
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Average dividend payer with moderate growth potential.
Share Price & News
How has Superior Plus's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SPB has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
3.7%
SPB
3.6%
CA Gas Utilities
0.6%
CA Market
1 Year Return
0.9%
SPB
33.4%
CA Gas Utilities
5.8%
CA Market
Return vs Industry: SPB underperformed the Canadian Gas Utilities industry which returned 33.4% over the past year.
Return vs Market: SPB underperformed the Canadian Market which returned 5.8% over the past year.
Shareholder returns
| SPB | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.7% | 3.6% | 0.6% |
| 30 Day | -7.9% | 4.8% | 0.5% |
| 90 Day | -5.5% | 5.5% | 3.6% |
| 1 Year | 7.1%0.9% | 40.6%33.4% | 9.1%5.8% |
| 3 Year | 10.4%-7.7% | 20.8%9.7% | 15.4%5.0% |
| 5 Year | 17.8%-13.3% | 49.9%25.7% | 33.6%14.0% |
Price Volatility Vs. Market
How volatile is Superior Plus's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall St
Are Superior Plus's (TSE:SPB) Statutory Earnings A Good Guide To Its Underlying Profitability?2 months ago | Simply Wall St
Have Insiders Been Buying Superior Plus Corp. (TSE:SPB) Shares?2 months ago | Simply Wall St
A Closer Look At Superior Plus Corp.'s (TSE:SPB) Uninspiring ROEValuation
Is Superior Plus undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SPB (CA$11.83) is trading below our estimate of fair value (CA$28.64)
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 (105x) compared to the Gas Utilities industry average (17.7x).
PE vs Market: SPB is poor value based on its PE Ratio (105x) compared to the Canadian market (15.9x).
Price to Earnings Growth Ratio
PEG Ratio: SPB is poor value based on its PEG Ratio (4.9x)
Price to Book Ratio
PB vs Industry: SPB is overvalued based on its PB Ratio (2x) compared to the CA Gas Utilities industry average (1.5x).
Next Steps
Future Growth
How is Superior Plus forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
21.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SPB's forecast earnings growth (21.2% per year) is above the savings rate (1.4%).
Earnings vs Market: SPB's earnings (21.2% per year) are forecast to grow faster than the Canadian market (10.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SPB's revenue (2.1% per year) is forecast to grow slower than the Canadian market (4.9% per year).
High Growth Revenue: SPB's revenue (2.1% 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
Next Steps
Past Performance
How has Superior Plus performed over the past 5 years?
-10.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPB has a large one-off loss of CA$65.0M impacting its September 30 2019 financial results.
Growing Profit Margin: SPB's current net profit margins (0.7%) are lower than last year (2.3%).
Past Earnings Growth Analysis
Earnings Trend: SPB's earnings have declined by -10.7% 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 (-66.9%) over the past year, making it difficult to compare to the Gas Utilities industry average (-2%).
Return on Equity
High ROE: SPB's Return on Equity (1.9%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Superior Plus's financial position?
Financial Position Analysis
Short Term Liabilities: SPB's short term assets (CA$384.9M) do not cover its short term liabilities (CA$435.8M).
Long Term Liabilities: SPB's short term assets (CA$384.9M) do not cover its long term liabilities (CA$2.0B).
Debt to Equity History and Analysis
Debt Level: SPB's debt to equity ratio (166.9%) is considered high.
Reducing Debt: SPB's debt to equity ratio has reduced from 176.3% to 166.9% over the past 5 years.
Debt Coverage: SPB's debt is well covered by operating cash flow (21.1%).
Interest Coverage: SPB's interest payments on its debt are not well covered by EBIT (2.2x coverage).
Balance Sheet
Inventory Level: SPB has a high level of physical assets or inventory.
Debt Coverage by Assets: SPB's debt is not covered by short term assets (assets are 0.2x debt).
Next Steps
Dividend
What is Superior Plus's current dividend yield, its reliability and sustainability?
6.09%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Superior Plus before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: SPB's dividend (6.09%) is higher than the bottom 25% of dividend payers in the Canadian market (1.91%).
High Dividend: SPB's dividend (6.09%) is in the top 25% of dividend payers in the Canadian market (5.32%)
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.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (639.2%), SPB's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SPB's dividends in 3 years are forecast to be covered by earnings (72.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.6yrs
Average management tenure
CEO
Luc Desjardins (66yo)
8.3yrs
Tenure
CA$4,224,897
Compensation
Mr. Luc Desjardins serves as a Director of Canadian Imperial Bank of Commerce since 2009. He is President and Chief Executive Officer of Superior Plus Corp. since November 14, 2011. He serves as Director o ...
CEO Compensation Analysis
Compensation vs Market: Luc's total compensation ($USD3.19M) is above average for companies of similar size in the Canadian market ($USD2.15M).
Compensation vs Earnings: Luc's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.3yrs | CA$4.22m | 0.28% CA$5.7m | |
| Executive VP & CFO | 4.3yrs | CA$1.45m | 0.012% CA$238.3k | |
| Senior VP & Chief Legal Officer | 5yrs | CA$1.18m | 0.0082% CA$170.3k | |
| President of Superior Propane & Energy Distribution | 7.3yrs | CA$1.43m | 0.025% CA$515.7k | |
| President of Specialty Chemicals | 5.1yrs | CA$1.19m | 0.020% CA$417.9k | |
| President of US Propane | 3.3yrs | CA$1.40m | 0.0069% CA$141.9k | |
| Consultant & Independent Director | 12.6yrs | CA$172.50k | 0.0040% CA$82.7k | |
| Consultant & Independent Director | 4.5yrs | CA$156.00k | 0.010% CA$208.1k | |
| Senior Vice President of Sales & Operations | 0.2yrs | no data | no data | |
| Vice President of Operations - U.S. Propane Distribution | 1.2yrs | no data | no data |
4.6yrs
Average Tenure
62yo
Average Age
Experienced Management: SPB's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.3yrs | CA$4.22m | 0.28% CA$5.7m | |
| Consultant & Independent Director | 12.6yrs | CA$172.50k | 0.0040% CA$82.7k | |
| Consultant & Independent Director | 4.5yrs | CA$156.00k | 0.010% CA$208.1k | |
| Independent Director | 12.9yrs | CA$168.50k | 0.011% CA$236.7k | |
| Independent Director | 5.8yrs | CA$220.05k | 0.0091% CA$188.9k | |
| Independent Director | 5.8yrs | CA$168.00k | 0.0029% CA$59.2k | |
| Independent Director | 4.8yrs | CA$158.00k | 0.0057% CA$118.3k | |
| Independent Chairman | 5.5yrs | CA$293.00k | 0.049% CA$1.0m | |
| Independent Director | 2.5yrs | CA$216.77k | 0.029% CA$591.5k |
5.8yrs
Average Tenure
62yo
Average Age
Experienced Board: SPB's board of directors are considered experienced (5.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if 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 16.5%.
Top Shareholders
Company Information
Superior Plus Corp.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Superior Plus Corp.
- Ticker: SPB
- Exchange: TSX
- Founded: 1996
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: CA$2.069b
- Shares outstanding: 174.87m
- Website: https://www.superiorplus.com
Number of Employees
Location
- Superior Plus Corp.
- 200 Wellington Street West
- Suite 401
- Toronto
- Ontario
- M5V 3C7
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SPB | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Oct 1996 |
| 8SP | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Oct 1996 |
| SUUI.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Oct 1996 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/17 00:39 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.