SP Plus Corp

Company Profile

SP Plus Corp had its IPO on 2004-05-27 under the ticker symbol SP.

The company operates in the Industrials sector and Specialty Business Services industry. SP Plus Corp has a staff strength of 12,400 employees.

Stock update

Shares of SP Plus Corp opened at $33.52 at the start of the last trading session i.e. 2023-03-30.

The stocks traded within a range of $33.21 - $33.67, and closed at $33.45.

This is a +0.36% increase from the previous day's closing price.

A total volume of 33,666 shares were traded at the close of the day’s session.

In the last one week, shares of SP Plus Corp have increased by +2.17%.

SP Plus Corp's Key Ratios

SP Plus Corp has a market cap of $649.32 million, indicating a price to book ratio of 2.9112 and a price to sales ratio of 0.7625.

In the last 12-months SP Plus Corp’s revenue was $794.40 million with a gross profit of $219.30 million and an EBITDA of $113.90 million. The EBITDA ratio measures SP Plus Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, SP Plus Corp’s operating margin was 10.6% while its return on assets stood at 4.7% with a return of equity of 21.48%.

In Q4, SP Plus Corp’s quarterly earnings growth was a negative -42% while revenue growth was a positive 21.4%.

SP Plus Corp’s PE and PEG Ratio

Forward PE

11.0742

Trailing PE

14.9462

PEG

1.91

Its diluted EPS in the last 12-months stands at $2.23 per share while it has a forward price to earnings multiple of 11.0742 and a PEG multiple of 1.91. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into SP Plus Corp’s profitability.

SP Plus Corp stock is trading at a EV to sales ratio of 0.8235 and a EV to EBITDA ratio of 10.5405. Its price to sales ratio in the trailing 12-months stood at 0.7625.

SP Plus Corp stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$1121.40

Total Liabilities

$343.60

Operating Cash Flow

$-35900000.00

Capital Expenditure

$9.70 million

Dividend Payout Ratio

0%

SP Plus Corp ended 2023 with $1121.40 in total assets and $0 in total liabilities. Its intangible assets were valued at $1121.40 while shareholder equity stood at $226.00.

SP Plus Corp ended 2023 with $0 in deferred long-term liabilities, $343.60 in other current liabilities, in common stock, $73.60 in retained earnings and $543.20 in goodwill. Its cash balance stood at $12.40 and cash and short-term investments were $12.40. The company’s total short-term debt was $73 while long-term debt stood at $331.80 million.

SP Plus Corp’s total current assets stands at $196.80 while long-term investments were $0 and short-term investments were $0. Its net receivables were $167.70 compared to accounts payable of $133.40 and inventory worth $0.

In 2023, SP Plus Corp's operating cash flow was $-35900000.00 while its capital expenditure stood at $9.70 million.

Comparatively, SP Plus Corp paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$33.45

52-Week High

$39.6

52-Week Low

$27.69

Analyst Target Price

$54

SP Plus Corp stock is currently trading at $33.45 per share. It touched a 52-week high of $39.6 and a 52-week low of $39.6. Analysts tracking the stock have a 12-month average target price of $54.

Its 50-day moving average was $35.4 and 200-day moving average was $34.03 The short ratio stood at 2.66 indicating a short percent outstanding of 0%.

Around 271.8% of the company’s stock are held by insiders while 10074.3% are held by institutions.