SP Plus Corp
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- Market Cap.:
- $649.32 million
- Book Value:
- Revenue TTM:
- $794.40 million
- Operating Margin TTM:
- Gross Profit TTM:
- $219.30 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
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.
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
- Trailing PE
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
- Total Liabilities
- Operating Cash Flow
- Capital Expenditure
- $9.70 million
- Dividend Payout Ratio
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
- 52-Week High
- 52-Week Low
- Analyst Target Price
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.
Frequently Asked Questions About SP Plus Corp
Similar Industry Stocks (Specialty Business Services)
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. The company also offers facility maintenance services, including power sweeping and washing, painting and general repairs, and cleaning and seasonal services; security services comprising training and hiring of security officers and patrol, as well as customized services and technology; and an online and mobile app consumer platform through parking.com website. In addition, it provides multi-platform marketing services, including SP+, AeroParker, and KMP Digitata branded websites that offer clients a platform for marketing their facilities, mobile applications, search marketing, email marketing, and social media campaigns. The company offers its services primarily under the SP+, Sphere, Bags, AeroParker, MetroParker, and KMP Digitata brands. It serves private and public owners, municipalities, managers and developers of office buildings, residential and commercial properties, shopping centers and other retail properties, sports and special event complexes, hotels and resorts, healthcare facilities and medical centers, airlines, and cruise lines. The company was formerly known as Standard Parking Corporation and changed its name to SP Plus Corporation in December 2013. SP Plus Corporation was founded in 1929 and is headquartered in Chicago, Illinois.