SP Plus Corporation

NasdaqGS:SP Aktierapport

Börsvärde: US$1.1b

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

SP Plus Balansräkning Hälsa

Finansiell hälsa kriterier kontrolleras 1/6

SP Plus har ett totalt eget kapital på $260.6M och en total skuld på $323.4M vilket ger sin skuldsättningsgrad till 124.1%. Dess totala tillgångar och totala skulder är $1.1B respektive $881.8M. SP Plus s EBIT är $93.2M vilket gör dess räntetäckningsgrad 3.2. Den har kontanter och kortsiktiga investeringar på $17.8M.

Viktig information

124.10%

Skuldsättning i förhållande till eget kapital

US$323.40m

Skuld

Räntetäckningsgrad3.2x
KontanterUS$17.80m
Eget kapitalUS$260.60m
Summa skulderUS$881.80m
Totala tillgångarUS$1.14b

Nya uppdateringar om finansiell hälsa

Analysartikel • Oct 29

Here's Why SP Plus (NASDAQ:SP) Can Manage Its Debt Responsibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysartikel • Jul 22

SP Plus (NASDAQ:SP) Has A Pretty Healthy Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysartikel • Apr 12

Is SP Plus (NASDAQ:SP) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Recent updates

Analysartikel • Aug 09

Should You Think About Buying SP Plus Corporation (NASDAQ:SP) Now?

While SP Plus Corporation ( NASDAQ:SP ) might not be the most widely known stock at the moment, it saw a significant...
Analysartikel • Mar 14

What Is SP Plus Corporation's (NASDAQ:SP) Share Price Doing?

While SP Plus Corporation ( NASDAQ:SP ) might not be the most widely known stock at the moment, it received a lot of...
Analysartikel • Oct 29

Here's Why SP Plus (NASDAQ:SP) Can Manage Its Debt Responsibly

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Seeking Alpha • Oct 11

SP Plus acquires K M P Associates, including AeroParker

SP Plus (NASDAQ:SP) acquired K M P Associates Limited, a software and technology provider serving aviation and commercial parking clients throughout the United States and Europe. Commenting on the transaction, Marc Baumann, Chairman and CEO of SP+, noted, “The acquisition of KMP is aligned with our strategy of complementing organic growth with acquisitions that further strengthen our industry-leading technology capabilities, particularly in those areas that support digital transactions and the development of smart cities. Through this combination, we have the opportunity to leverage our respective relationships and expertise to bring innovative technology solutions to airports and commercial parking operations both within and outside of North America. In addition to expanding our addressable market, the acquisition of KMP has the potential to serve as a growth platform for us, advancing the digital transformation of our industry.”
Analysartikel • Sep 02

Is Now The Time To Look At Buying SP Plus Corporation (NASDAQ:SP)?

SP Plus Corporation ( NASDAQ:SP ), might not be a large cap stock, but it saw a decent share price growth in the teens...
Seeking Alpha • Jul 30

SP Plus: A Good Place To Park Your Money

SP Plus Corporation has done really well in recent months, with returns outpacing the broader market while fundamental performance remains robust. Management continues to add value to the firm and the picture moving forward looks bullish. In all, this is a solid prospect to consider buying into at this time. One of the more interesting companies that I've come across in recent years is SP Plus Corporation (SP). This firm focuses on providing various mobility solutions, largely centered around the management of parking lots, the oversight of parking meter collection and other forms of parking enforcement services, and a variety of other related activities. Despite concerns of the economy weakening, SP Plus seems to be doing quite well for itself. Even as the market has plunged in recent months, shares of the business have risen nicely, driven in large part by strong top line and bottom line performance. Although it's clear that the easy money has been made, shares are cheap enough that the company does seem to offer some additional upside potential moving forward. And because of that, I have decided to retain my 'buy' rating on the firm for now. The picture just keeps getting better Back in April of this year, I wrote a bullish article about SP Plus. In that article, I called the company a unique play on mobility. I acknowledged that, over the years, the firm had been on a bumpy ride from a fundamental perspective. But on the whole, performance had been robust and positive. The company was especially showing signs of recovery following the worst of the COVID-19 pandemic, leading to upside potential for investors in the near term. This argument was further bolstered by the fact that I viewed shares as being attractively priced. As a result of my findings, I rated the business a 'buy', reflecting my opinion that it would likely generate returns that would outperform the broader market for the foreseeable future. Since then, my call has ended up looking pretty good. While the S&P 500 is down by 7.2%, shares of SP Plus have generated a profit for investors of 15.3%. Author - SEC EDGAR Data When I last wrote about the firm, we had data covering through the entirety of the firm's 2021 fiscal year. Fast forward to today, and we now have data for one additional quarter, the first quarter of 2022. So far, the picture has been really impressive. Consider revenue. In the first quarter of the year, revenue came in at $349.8 million. That represents an increase of 41.8% over the $246.7 million the business generated the same quarter just one year earlier. Based on the data provided, this increase in revenue was driven by a couple of different factors. For instance, during the quarter, services revenue came in at $184.4 million. That's 43.3% above the $128.7 million generated just one year earlier. According to management, this increase in services revenue was driven by growth across both lease-type contracts and management-type contracts. The company also saw a significant improvement in reimbursed management type contract revenue, a figure that rose from $118 million in the first quarter of 2021 to $165.4 million the same time this year. All of these improvements were driven in large part by increased volume at the properties in which it operates thanks to the reopening of the economy. As revenue rose, profitability for the company followed suit. Net income in the first quarter totaled $10.7 million. That's significantly higher than the $2.3 million reported just one year earlier. Operating cash flow went from a negative $1 million to a positive $26.4 million. If we adjust for changes in working capital, it would have risen More modestly from $14.2 million to $21.7 million. Meanwhile, EBITDA for the business also improved, climbing from $18.2 million to $26.4 million. Profitability for the company has been so impressive that, in the month of May, the company even decided to announce a new share buyback program in the amount of $60 million. Although this may not seem like much, at current pricing, exercising this in full would buy back about 7.6% of the company's shares. When it comes to the 2022 fiscal year, management has some pretty high hopes for the business. Net income, for starters, should come in at between $56 million and $61 million, with a midpoint of $58.5 million. That midpoint figure would translate to an 84.5% rise over the $31.7 million generated in 2021. Operating cash flow last year was $53.4 million, with the adjusted figure for it coming in at $83.7 million. Management is forecasting a reading of between $83 million and $98 million, with a midpoint of $90.5 million. And then we have the issue of EBITDA. The current expectation is for this to come in at between $110 million and $120 million, implying a midpoint reading of $115 million. Last year, this metric was just $95.2 million. Author - SEC EDGAR Data Using this data, it becomes pretty easy to value the company. On a forward basis, the firm is trading at a price-to-earnings multiple of 13.4. That's down from the 24.8 reading that we get if we use 2021 results. The price to adjusted operating cash flow multiple should drop from 9.1 last year to 8.7 this year. And the EV to EBITDA multiple should decline from 11.3 to 9.3. To put this in perspective, I also compared the company to the same five firms that I compared to in my last article. Only four of those five companies had positive financial results. On a price-to-earnings basis, these companies range from a low of 11.8 to a high of 95.8. Only one of the four companies was cheaper than SP Plus. Using the price to operating cash flow approach, the range was from 6.3 to 84.5. And using the EV to EBITDA approach, the range was from 6.7 to 13.8. In both of these scenarios, two of the four firms were cheaper than our prospect.
Analysartikel • Jul 22

SP Plus (NASDAQ:SP) Has A Pretty Healthy Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysartikel • May 18

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...
Seeking Alpha • Apr 14

SP Plus: A Unique Play On Mobility

SP Plus has been on a bumpy ride over the past few years, but overall fundamental performance is robust. The company has shown some signs of recovery and the near-term looks favorable for investors. Shares are also attractively priced at this time and imply some upside potential moving forward.
Analysartikel • Apr 12

Is SP Plus (NASDAQ:SP) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysartikel • Feb 26

Is There An Opportunity With SP Plus Corporation's (NASDAQ:SP) 47% Undervaluation?

In this article we are going to estimate the intrinsic value of SP Plus Corporation ( NASDAQ:SP ) by taking the...
Analysartikel • Nov 30

At US$28.25, 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 significant...
Analysartikel • Nov 04

We Think SP Plus' (NASDAQ:SP) Healthy Earnings Might Be Conservative

Shareholders appeared to be happy with SP Plus Corporation's ( NASDAQ:SP ) solid earnings report last week. Looking...
Analysartikel • Jul 30

Is SP Plus Corporation (NASDAQ:SP) Expensive For A Reason? A Look At Its Intrinsic Value

In this article we are going to estimate the intrinsic value of SP Plus Corporation ( NASDAQ:SP ) by taking the...
Analysartikel • Apr 19

Is Now The Time To Look At Buying SP Plus Corporation (NASDAQ:SP)?

While SP Plus Corporation ( NASDAQ:SP ) might not be the most widely known stock at the moment, it saw a double-digit...
Analysartikel • Mar 11

Have Insiders Sold SP Plus Corporation (NASDAQ:SP) Shares Recently?

We'd be surprised if SP Plus Corporation ( NASDAQ:SP ) shareholders haven't noticed that the President of Airport...
Analysartikel • Mar 01

Are SP Plus Corporation (NASDAQ:SP) Investors Paying Above The Intrinsic Value?

How far off is SP Plus Corporation ( NASDAQ:SP ) from its intrinsic value? Using the most recent financial data, we'll...
Analysartikel • Feb 10

Update: SP Plus (NASDAQ:SP) Stock Gained 39% In The Last Five Years

If you buy and hold a stock for many years, you'd hope to be making a profit. Furthermore, you'd generally like to see...

Analys av finansiell ställning

Kortfristiga skulder: SP s kortfristiga tillgångar ( $210.4M ) täcker inte dess kortfristiga skulder ( $325.9M ).

Långfristiga skulder: SP s kortfristiga tillgångar ( $210.4M ) täcker inte dess långfristiga skulder ( $555.9M ).

Skuld till eget kapital Historik och analys

Skuldnivå: SP s nettoskuld i förhållande till eget kapital ( 117.3% ) anses vara hög.

Minska skulden: SP s skuldsättningsgrad har ökat från 98.1% till 124.1% under de senaste 5 åren.

Skuldtäckning: SP s skuld är inte väl täckt av operativt kassaflöde ( 19.4% ).

Räntetäckning: SP s räntebetalningar på sin skuld är väl täckta av EBIT ( 3.2 x täckning).

Balansräkning

Upptäck friska företag

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Företagsanalys och finansiella data Status

UppgifterSenast uppdaterad (UTC-tid)
Analys av företag2024/05/16 17:42
Aktiekurs vid dagens slut2024/05/16 00:00
Intäkter2024/03/31
Årlig intjäning2023/12/31

Datakällor

Den data som används i vår företagsanalys kommer från S&P Global Market Intelligence LLC. Följande data används i vår analysmodell för att generera denna rapport. Data är normaliserade vilket kan medföra en fördröjning från det att källan är tillgänglig.

PaketUppgifterTidsramExempel US-källa
Företagets finansiella ställning10 år
  • Resultaträkning
  • Kassaflödesanalys
  • Balansräkning
Analytikernas konsensusuppskattningar+3 år
  • Prognos för finansiella poster
  • Analytikernas prismål
Marknadspriser30 år
  • Aktiekurser
  • Utdelningar, splittar och åtgärder
Ägarskap10 år
  • Största aktieägare
  • Insiderhandel
Förvaltning10 år
  • Ledningsgrupp
  • Styrelse och verkställande direktörer
Viktiga utvecklingstendenser10 år
  • Företagsmeddelanden

* Exempel för amerikanska värdepapper, för icke-amerikanska värdepapper används motsvarande regelverk och källor.

Om inget annat anges är all finansiell data baserad på en årsperiod men uppdateras kvartalsvis. Detta kallas data för efterföljande tolv månader (TTM) eller senaste tolv månader (LTM). Lär dig mer om detta.

Analysmodell och snöflinga

Detaljer om analysmodellen som används för att skapa den här rapporten finns på vår Github-sida, vi har också guider om hur du använder våra rapporter och handledningar på Youtube.

Lär dig mer om det som utformade och byggde analysmodellen Simply Wall St.

Industri- och sektormått

Våra bransch- och sektionsmått beräknas var sjätte timme av Simply Wall St, detaljer om vår process finns tillgängliga på Github.

Källor för analytiker

SP Plus Corporation bevakas av 5 analytiker. 0 av dessa analytiker lämnade de uppskattningar av intäkter eller resultat som användes som indata till vår rapport. Analytikernas inskickade estimat uppdateras löpande under dagen.

AnalytikerInstitution
Andrea WirthBaird
Kevin SteinkeBarrington Research Associates, Inc.
Daniel MooreCJS Securities, Inc.