DB:PZA

Stock Analysis Report

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Executive Summary

SP Plus Corporation provides parking management, ground transportation, baggage, and other ancillary services in North America. More Details


Snowflake Analysis

Overvalued with worrying balance sheet.


Similar Companies

Share Price & News

How has SP Plus's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PZA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.8%

PZA

-1.0%

DE Commercial Services

-1.6%

DE Market


1 Year Return

-55.3%

PZA

-7.8%

DE Commercial Services

2.6%

DE Market

Return vs Industry: PZA underperformed the German Commercial Services industry which returned -5.3% over the past year.

Return vs Market: PZA underperformed the German Market which returned 3.9% over the past year.


Shareholder returns

PZAIndustryMarket
7 Day-3.8%-1.0%-1.6%
30 Day-1.9%4.2%-0.9%
90 Day-0.7%1.1%-1.1%
1 Year-55.3%-55.3%-6.0%-7.8%5.8%2.6%
3 Yearn/a-16.6%-23.1%2.8%-6.2%
5 Yearn/a-9.5%-20.2%23.8%6.1%

Price Volatility Vs. Market

How volatile is SP Plus's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

1.54x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: PZA (€15.1) is trading above our estimate of fair value (€10.23)

Significantly Below Fair Value: PZA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PZA is unprofitable, so we can't compare its PE Ratio to the XE Commercial Services industry average.

PE vs Market: PZA is unprofitable, so we can't compare its PE Ratio to the German market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PZA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PZA is good value based on its PB Ratio (1.5x) compared to the DE Commercial Services industry average (2x).


Next Steps

Future Growth

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

102.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PZA is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: PZA is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: PZA is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: PZA's revenue (2.7% per year) is forecast to grow slower than the German market (6.1% per year).

High Growth Revenue: PZA's revenue (2.7% 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 PZA's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has SP Plus performed over the past 5 years?

-1.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PZA is currently unprofitable.

Growing Profit Margin: PZA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PZA is unprofitable, and losses have increased over the past 5 years at a rate of 1.1% per year.

Accelerating Growth: Unable to compare PZA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PZA is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (-2.6%).


Return on Equity

High ROE: PZA has a negative Return on Equity (-22.92%), as it is currently unprofitable.


Next Steps

Financial Health

How is SP Plus's financial position?


Financial Position Analysis

Short Term Liabilities: PZA's short term assets ($134.5M) do not cover its short term liabilities ($310.3M).

Long Term Liabilities: PZA's short term assets ($134.5M) do not cover its long term liabilities ($679.4M).


Debt to Equity History and Analysis

Debt Level: PZA's debt to equity ratio (129.6%) is considered high.

Reducing Debt: PZA's debt to equity ratio has increased from 106.7% to 129.6% over the past 5 years.

Debt Coverage: PZA's debt is well covered by operating cash flow (23.4%).

Interest Coverage: PZA is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PZA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PZA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PZA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PZA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PZA's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

2.9yrs

Average management tenure


CEO

G. Baumann (64 yo)

5.75yrs

Tenure

US$3,034,934

Compensation

Mr. G. Marc Baumann has been the Chief Executive Officer of SP Plus Corporation since January 1, 2015 and has been its President since March 2014. Mr. Baumann served as Chief Financial Officer and Treasure ...


CEO Compensation Analysis

Compensation vs Market: G.'s total compensation ($USD3.03M) is above average for companies of similar size in the German market ($USD1.02M).

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


Leadership Team

NamePositionTenureCompensationOwnership
G. Baumann
CEO, President & Director5.75yrsUS$3.03m0.24%
$ 829.5k
Kristopher Roy
CFO, Treasurer & Principal Accounting Officer1.5yrsUS$818.83k0.020%
$ 71.5k
John Ricchiuto
President of Airport Division17.83yrsUS$956.61k0.16%
$ 569.5k
Robert Toy
President of Commercial Division8yrsUS$1.20m0.086%
$ 301.9k
Robert Sacks
Consultant1.08yrsUS$714.72k0.13%
$ 441.6k
Ritu Vig
Chief Legal Officer & Secretary1.08yrsno data0.0044%
$ 15.5k
Jill Nagel
Senior Communications Managerno datano datano data
Connie Jin
Senior Vice President of Corporate Development1.75yrsno datano data
Colleen Kozak
Chief Human Resources Officerno datano datano data
Roamy Valera
Senior Vice President of Municipal & Institutional Servicesno datano datano data
Michael Miller
Senior Vice President of Operations in Hawaiino datano datano data
Jeff Eckerling
Chief Growth Officer4yrsno datano data

2.9yrs

Average Tenure

63yo

Average Age

Experienced Management: PZA's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
G. Baumann
CEO, President & Director5.75yrsUS$3.03m0.24%
$ 829.5k
Karen Garrison
Independent Chairman of the Board3.75yrsUS$238.50k0.30%
$ 1.0m
Gregory Reid
Independent Director3.42yrsUS$162.49k0.054%
$ 188.8k
Alice Peterson
Independent Director2.58yrsUS$174.99k0.041%
$ 143.4k
Douglas Waggoner
Independent Director5.5yrsUS$163.97k0.087%
$ 304.0k
Wyman Roberts
Independent Director5.5yrsUS$167.49k0.087%
$ 304.0k

4.6yrs

Average Tenure

65.5yo

Average Age

Experienced Board: PZA's board of directors are considered experienced (4.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: PZA 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 3.9%.


Top Shareholders

Company Information

SP Plus Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SP Plus Corporation
  • Ticker: PZA
  • Exchange: DB
  • Founded: 1929
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: US$411.176m
  • Listing Market Cap: US$349.047m
  • Shares outstanding: 23.09m
  • Website: https://www.spplus.com

Number of Employees


Location

  • SP Plus Corporation
  • 200 East Randolph Street
  • Suite 7700
  • Chicago
  • Illinois
  • 60601-7702
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SPNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMay 2004
PZADB (Deutsche Boerse AG)YesCommon StockDEEURMay 2004

Biography

SP Plus Corporation provides parking management, ground transportation, baggage, and other ancillary services in North America. It provides on-site parking management, valet parking, ground transportation, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 20:39
End of Day Share Price2020/10/16 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.