Superior Plus (SPB) AI Stock Analysis

• Market Cap: C$1.67B
• Dividend Yield: 0.55%
• Average Volume (3M): 686.14K
• Price to Earnings (P/E): 33.8
• Beta (1Y): 0.72
• Revenue Growth: 5.71%
• EPS Growth: 320.62%
• Country: CA
• Employees: 4,261
• Sector: Utilities
• Sector Strength: 78
• Industry: Regulated Gas
• EPS (TTM): 0.74
• Shares Outstanding: 226,346,660
• 10 Day Avg. Volume: 773,850
• 30 Day Avg. Volume: 686,139
• PEG Ratio: 0.53
• Price to Book (P/B): 1.40
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 10.30
• 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$10.50
• Price Target Upside: 45.43% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 6

• Rating: 64 Neutral
• Price Target: C$8.00 ▲(10.80%Upside)

Superior Plus's overall stock score reflects a balanced view of its financial performance and corporate strategies. The most significant factor is the solid operational efficiency and cash flow generation, despite a high leverage level and low net profit margin. Technical indicators suggest potential short-term challenges, while the recent earnings call and corporate events highlight strategic progress and shareholder value initiatives. The valuation remains a concern due to a relatively high P/E ratio, balanced partially by a stable dividend yield.

Positive Factors

Market Position

Certarus is positioned to benefit from steady industrial demand and is a market leader in over-the-road CNG with significant market share.

Operational Efficiency

The company's focus on increasing operational efficiency and potential market share gains in Propane is seen as a key growth area.

Share Buybacks

The focus on share buybacks and deleveraging is expected to improve per-share metrics and position the company for future growth.

Negative Factors

Asset Utilization

Improved asset utilization may not deliver expected results if market conditions remain unfavorable.

Market Competition

The company's potential market share gains in propane may face challenges due to intense competition in the industry.

Superior Plus Business Overview & Revenue Model

Company Description

Superior Plus (SPB) is a diversified industrial company primarily operating in the energy distribution sector. The company focuses on the distribution and retailing of propane and related products. Its core services include delivering energy solutions to residential, commercial, and industrial customers across North America, with a strong emphasis on customer service and safety.

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 showcases mixed financial performance with revenue growth and solid operational efficiency. However, the low net profit margin and high leverage pose financial risks despite strong cash flow generation.

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

Superior Plus Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 7.22
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SPB, the sentiment is Negative. The current price of 7.22 is below the 20-day moving average (MA) of 7.96, below the 50-day MA of 7.85, and above the 200-day MA of 6.80, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 28.13 is Positive, neither overbought nor oversold. The STOCH value of 2.72 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SPB.

Superior Plus Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CPX	75 Outperform	C$9.38B	13.08	15.24%	4.33%	-27.55%	-12.05%
NPI	73 Outperform	$6.03B	23.13	6.08%	5.27%	-5.33%	―
CU	72 Outperform	C$7.87B	26.24	6.76%	4.72%	-0.53%	-31.77%
ALA	67 Neutral	$12.22B	21.68	6.56%	3.03%	2.27%	-9.19%
SPB	64 Neutral	C$1.67B	33.81	2.90%	0.55%	5.71%	320.62%
Sector *	63 Neutral	£6.13B	6.44	6.40%	219.77%	-1.30%	-60.09%
AQN	56 Neutral	$6.23B	―	5.54%	0.56%	-4.74%	-213.24%

Superior Plus Corporate Events

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.