Superior Plus (SPB) AI Stock Analysis

• Market Cap: C$1.63B
• Dividend Yield: 4.27%
• Average Volume (3M): 758.69K
• Price to Earnings (P/E): 19.5
• Beta (1Y): 0.74
• Revenue Growth: 6.01%
• EPS Growth: N/A
• Country: CA
• Employees: 4,261
• Sector: Utilities
• Sector Strength: 63
• Industry: Regulated Gas
• EPS (TTM): -0.35
• Shares Outstanding: 223,121,660
• 10 Day Avg. Volume: 530,418
• 30 Day Avg. Volume: 758,693
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$10.00
• Price Target Upside: 35.50% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

• Rating: 66 Neutral
• Price Target: C$8.00 ▲(8.40% Upside)

Superior Plus demonstrates solid financial performance with strong cash flow and operational efficiency, but faces challenges with profitability and leverage. The technical indicators suggest caution due to potential overbought conditions. Valuation is fair with a strong dividend yield. The earnings call provided a balanced view with both strengths and challenges, supporting a moderate overall score.

Positive Factors

Growth Strategy

The company's increasing focus on per-share metrics and higher return initiatives is viewed positively for the stock's future.

Shareholder Returns

Shareholder returns are being prioritized with significant share repurchases, indicating confidence in the company's future performance.

Valuation and Rating

The valuation is considered attractive, and the analyst maintains an Outperform rating, suggesting potential for future gains.

Negative Factors

Financial Performance

The company's adjusted EBITDA for the quarter was below expectations, reflecting added costs associated with operational efficiency initiatives.

Operational Efficiency

Despite a softer quarter, the company is seen as having the potential for additional upside in its shares if it can execute its strategy effectively.

Superior Plus Business Overview & Revenue Model

Company Description

Superior Plus Corp. engages in the energy distribution business. It operates through two segments, U.S. Propane Distribution and Canadian Propane Distribution. The U.S. Propane Distribution segment distributes and sells propane, heating oil, and other liquid fuels in the Northeast, Atlantic, the Southeast, the Midwest, and California. It also provides installation, maintenance, and repair services for propane and heating oil equipment. The Canadian Propane Distribution segment distributes and sells propane, and propane-consuming equipment; rents tanks, cylinders, and other equipment; and provides equipment supply, installation, and repair services. This segment offers its service in Canada and the United States. Superior General Partner Inc. serves as the general partner of the company. As of February 10, 2022, the company served approximately 780,000 customers The company was founded in 1996 and is headquartered in Toronto, Canada.

How the Company Makes Money

Superior Plus makes money primarily through its energy distribution segment, which involves the sale and distribution of propane and related products. The company generates revenue by delivering propane to a diverse customer base, including residential, commercial, and industrial clients. Key revenue streams include residential heating solutions, commercial energy needs, and wholesale distribution to other businesses. Superior Plus also benefits from strategic partnerships and acquisitions that expand its market presence and enhance its service offerings. Additionally, the company may engage in complementary services, such as equipment rental and maintenance, which contribute to its overall earnings.

Superior Plus Financial Statement Overview

Summary

Superior Plus shows mixed financial performance with strong revenue growth and operational efficiency, as evidenced by solid gross, EBIT, and EBITDA margins. However, the low net profit margin and high leverage pose financial risks. Robust cash flow generation provides some flexibility, but profitability and leverage management need attention.

Income Statement

The income statement reveals a mixed performance with a noticeable increase in total revenue TTM (Trailing-Twelve-Months) compared to the previous annual period. Gross profit margin TTM is strong at 47.2%, indicative of effective cost management. However, the net profit margin TTM is relatively low at 1.5%, reflecting challenges in translating revenue growth into net income. Revenue growth from 2024 to TTM is a positive indication of business expansion. Overall, the EBIT and EBITDA margins TTM are solid at 9.1% and 18.4% respectively, showing good operational efficiency.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio TTM of 1.78, suggesting significant leverage, which could pose risks if not managed properly. Return on equity TTM is modest at 3.8%, indicating limited profitability relative to equity. The equity ratio TTM stands at 27.6%, reflecting a stable capital structure but also highlighting potential reliance on debt financing.

Cash Flow

Cash flow analysis reveals a strong operating cash flow to net income ratio TTM of 7.39, suggesting robust cash generation relative to net income. The free cash flow TTM shows a healthy 17.1% increase from the previous annual period, indicating improved cash availability for reinvestment or debt reduction. The free cash flow to net income ratio TTM is favorable at 3.52, further supporting efficient cash utilization.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.49B	2.38B	3.35B	3.38B	2.39B	2.39B
Gross Profit	1.18B	1.28B	1.53B	1.19B	912.70M	1.11B
EBITDA	458.33M	387.00M	569.20M	203.30M	318.20M	328.51M
Net Income	37.83M	-36.80M	51.60M	-87.90M	17.20M	58.89M
Balance Sheet
Total Assets	3.64B	3.69B	5.17B	4.48B	3.56B	3.83B
Cash, Cash Equivalents and Short-Term Investments	32.70M	17.10M	48.30M	58.40M	81.00M	67.80M
Total Debt	1.80B	1.87B	2.48B	2.15B	1.63B	1.83B
Total Liabilities	2.38B	2.54B	3.40B	3.02B	2.25B	2.55B
Stockholders Equity	1.01B	885.80M	1.43B	1.11B	983.60M	949.20M
Cash Flow
Free Cash Flow	133.16M	113.70M	349.80M	131.40M	126.90M	243.90M
Operating Cash Flow	279.55M	274.10M	550.00M	248.70M	232.00M	360.20M
Investing Cash Flow	-127.27M	-142.10M	-467.10M	-632.10M	172.00M	-384.20M
Financing Cash Flow	-154.40M	-144.70M	-99.70M	410.90M	-399.60M	22.50M

Superior Plus Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.38
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SPB, the sentiment is Positive. The current price of 7.38 is above the 20-day moving average (MA) of 7.09, below the 50-day MA of 7.42, and above the 200-day MA of 6.84, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 57.56 is Neutral, neither overbought nor oversold. The STOCH value of 54.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SPB.

Superior Plus Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CPX	68 Neutral	C$8.83B	17.77	10.00%	4.58%	-16.83%	-37.24%
CU	68 Neutral	C$7.80B	23.15	7.52%	4.81%	-0.51%	-17.17%
Sector *	66 Neutral	$17.25B	17.87	5.54%	3.65%	6.63%	11.55%
SPB	66 Neutral	C$1.63B	19.46	6.30%	4.27%	6.01%	―
ATGFF	―	$9.06B	16.23	9.15%	2.93%	―	―
AQN	―	$4.34B	―	1.50%	4.62%	―	―
NPIFF	―	$4.16B	22.35	-1.19%	5.30%	―	―

Superior Plus Corporate Events

Superior Plus Reports Strong H1 2025 Results, Reaffirms Growth Guidance

Superior Plus Corp. reported a strong first half of 2025, with an increase in adjusted EBITDA by $15.1 million, or 5.4%, compared to the same period in 2024. Despite a decrease in second-quarter adjusted EBITDA due to lower propane volumes and a temporary plant shutdown, the company reaffirmed its 2025 growth guidance of approximately 8%. The company’s CNG business showed resilience, growing its EBITDA by 5% in the first half of the year. Superior Plus also returned approximately C$114.5 million to shareholders through dividends and share repurchases, repurchasing over 10% of outstanding shares since November 2024.

The most recent analyst rating on (TSE:SPB) stock is a Buy with a C$11.00 price target. To see the full list of analyst forecasts on Superior Plus stock, see the TSE:SPB Stock Forecast page.

Superior Plus Declares Quarterly Dividend for Q3 2025

Superior Plus Corp. has announced a quarterly dividend of CAD $0.045 per common share, payable on October 15, 2025, to shareholders of record at the close of business on September 29, 2025. This dividend declaration reflects the company’s ongoing commitment to providing returns to its shareholders and underscores its stable financial performance in the energy distribution sector.

The most recent analyst rating on (TSE:SPB) stock is a Buy with a C$11.00 price target. To see the full list of analyst forecasts on Superior Plus stock, see the TSE:SPB Stock Forecast page.

Superior Plus Schedules Q2 2025 Financial Results Release and Conference Call

Superior Plus Corp. has announced the release of its 2025 second quarter financial results, scheduled for August 12, 2025, with a subsequent conference call and webcast on August 13, 2025. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and strategic positioning in the energy sector, particularly as it continues to lead in the transition to low carbon energy solutions.

The most recent analyst rating on (TSE:SPB) stock is a Buy with a C$11.00 price target. To see the full list of analyst forecasts on Superior Plus stock, see the TSE:SPB Stock Forecast page.

Superior Plus Announces Successful Shareholder Meeting Outcomes

Superior Plus Corp. announced the successful approval of all resolutions at its annual and special shareholders meeting, including the election of 10 directors and the appointment of Ernst & Young LLP as auditors. The meeting also saw the approval of a new stock option plan, a reduction in the stated capital account, and a non-binding advisory vote on executive compensation, reflecting strong shareholder support and potentially enhancing the company’s governance and operational strategies.

The most recent analyst rating on (TSE:SPB) stock is a Hold with a C$9.50 price target. To see the full list of analyst forecasts on Superior Plus stock, see the TSE:SPB Stock Forecast page.

Superior Plus Reports Record Q1 Results with Strong Growth in Propane and CNG Segments

Superior Plus Corp. announced its first quarter results for 2025, reporting a record Adjusted EBITDA of $260.5 million, an 11% increase from the previous year. The company’s propane and CNG businesses both showed significant growth, with the CNG segment achieving a record quarter. Superior Plus also returned over $35 million to shareholders through dividends and share repurchases, demonstrating its commitment to delivering shareholder value.

The most recent analyst rating on (TSE:SPB) stock is a Hold with a C$9.50 price target. To see the full list of analyst forecasts on Superior Plus stock, see the TSE:SPB Stock Forecast page.

Superior Plus Announces 2025 Q2 Dividend

Superior Plus Corp. has announced a quarterly dividend of CAD $0.045 per common share, payable on July 15, 2025, to shareholders of record as of June 30, 2025. This decision reflects the company’s ongoing commitment to providing returns to its shareholders and highlights its stable financial position. The dividend is part of Superior’s annualized cash dividend rate of CAD $0.18 per share, classified as an eligible dividend for Canadian income tax purposes. This announcement underscores Superior Plus’s strategic focus on maintaining shareholder value while continuing its operations in the energy sector.

The most recent analyst rating on (TSE:SPB) stock is a Hold with a C$9.50 price target. To see the full list of analyst forecasts on Superior Plus stock, see the TSE:SPB Stock Forecast page.