SP Stock Overview
SP Plus Corporation provides mobility solutions, parking management, ground transportation, baggage, and other ancillary services in North America.
SP Plus Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$31.61|
|52 Week High||US$34.99|
|52 Week Low||US$25.29|
|1 Month Change||-0.78%|
|3 Month Change||-0.78%|
|1 Year Change||2.80%|
|3 Year Change||-5.30%|
|5 Year Change||0.99%|
|Change since IPO||405.76%|
Recent News & Updates
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...
|SP||US Commercial Services||US Market|
Return vs Industry: SP exceeded the US Commercial Services industry which returned -8.2% over the past year.
Return vs Market: SP exceeded the US Market which returned -20.8% over the past year.
|SP Average Weekly Movement||5.0%|
|Commercial Services Industry Average Movement||7.3%|
|Market Average Movement||8.0%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: SP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: SP's weekly volatility (5%) has been stable over the past year.
About the Company
SP Plus Corporation provides mobility solutions, parking management, ground transportation, baggage, and other ancillary services in North America. The company operates in Commercial and Aviation segments. It provides on-site parking management, valet parking, ground transportation, facility maintenance, event logistics, remote airline check-in, security, municipal meter revenue collection and enforcement, and consulting services, as well as shuttle bus vehicles and drivers; baggage services, including delivery of delayed luggage and baggage handling services; wheelchair assist services; baggage repair and replacement services; and on-street parking meter collection and other forms of parking enforcement services.
SP Plus Fundamentals Summary
|SP fundamental statistics|
Is SP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SP income statement (TTM)|
|Cost of Revenue||US$457.80m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||1.72|
|Net Profit Margin||6.10%|
How did SP perform over the long term?See historical performance and comparison
Is SP undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SP?
Other financial metrics that can be useful for relative valuation.
|What is SP's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does SP's PE Ratio compare to its peers?
|SP PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
HCCI Heritage-Crystal Clean
BV BrightView Holdings
CECE CECO Environmental
SP SP Plus
Price-To-Earnings vs Peers: SP is good value based on its Price-To-Earnings Ratio (17.8x) compared to the peer average (35.5x).
Price to Earnings Ratio vs Industry
How does SP's PE Ratio compare vs other companies in the US Commercial Services Industry?
Price-To-Earnings vs Industry: SP is good value based on its Price-To-Earnings Ratio (17.8x) compared to the US Commercial Services industry average (21x)
Price to Earnings Ratio vs Fair Ratio
What is SP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||18.3x|
|Fair PE Ratio||23.2x|
Price-To-Earnings vs Fair Ratio: SP is good value based on its Price-To-Earnings Ratio (17.8x) compared to the estimated Fair Price-To-Earnings Ratio (23.1x).
Share Price vs Fair Value
What is the Fair Price of SP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: SP ($30.72) is trading below our estimate of fair value ($57.02)
Significantly Below Fair Value: SP is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: SP is good value based on its PEG Ratio (0.8x)
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How is SP Plus forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score4/6
Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SP's forecast earnings growth (23.3% per year) is above the savings rate (1.9%).
Earnings vs Market: SP's earnings (23.3% per year) are forecast to grow faster than the US market (13.7% per year).
High Growth Earnings: SP's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SP's revenue (8.3% per year) is forecast to grow faster than the US market (8.3% per year).
High Growth Revenue: SP's revenue (8.3% 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 SP's Return on Equity is forecast to be high in 3 years time
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How has SP Plus performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SP has high quality earnings.
Growing Profit Margin: SP became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: SP's earnings have declined by 38.4% per year over the past 5 years.
Accelerating Growth: SP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Commercial Services industry (25.7%).
Return on Equity
High ROE: SP's Return on Equity (18.2%) is considered low.
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How is SP Plus's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: SP's short term assets ($172.7M) do not cover its short term liabilities ($319.2M).
Long Term Liabilities: SP's short term assets ($172.7M) do not cover its long term liabilities ($534.7M).
Debt to Equity History and Analysis
Debt Level: SP's net debt to equity ratio (113%) is considered high.
Reducing Debt: SP's debt to equity ratio has increased from 69.5% to 122.9% over the past 5 years.
Debt Coverage: SP's debt is well covered by operating cash flow (27.9%).
Interest Coverage: SP's interest payments on its debt are well covered by EBIT (4.2x coverage).
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What is SP Plus's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SP's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as SP has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
G. Baumann (66 yo)
Mr. G. Marc Baumann has been Chief Executive Officer of SP Plus Corporation since January 1, 2015 and has been its President since March 2014 and Chairman since May 2021. Mr. Baumann served as Chief Financ...
CEO Compensation Analysis
Compensation vs Market: G.'s total compensation ($USD4.95M) is about average for companies of similar size in the US market ($USD4.00M).
Compensation vs Earnings: G.'s compensation has been consistent with company performance over the past year.
Experienced Management: SP's management team is considered experienced (3.4 years average tenure).
Experienced Board: SP's board of directors are considered experienced (6.1 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
SP Plus Corporation's employee growth, exchange listings and data sources
- Name: SP Plus Corporation
- Ticker: SP
- Exchange: NasdaqGS
- Founded: 1929
- Industry: Environmental and Facilities Services
- Sector: Commercial Services
- Implied Market Cap: US$735.302m
- Shares outstanding: 23.26m
- Website: https://www.spplus.com
Number of Employees
- SP Plus Corporation
- 200 East Randolph Street
- Suite 7700
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/01 00:00|
|End of Day Share Price||2022/07/01 00:00|
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.