SPB Stock Analysis: Superior Plus | TO
Utilities - Regulated Gas | TO, Canada | Market Cap: 1.472m CAD | 12M Return: -25.1% | CA86828P1036 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.34M
Qual. Beats: 0
Rev. Trend: -31.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.8 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Superior Plus Corp. distributes propane, liquid fuels, compressed natural gas, renewable natural gas, hydrogen, and related services across the United States and Canada. Its business is organized into U.S. propane, Canadian propane, and compressed natural gas segments, serving residential, commercial, and industrial customers.
As a gas utility, the company supplies energy products through distribution and transport networks. Superior Plus was incorporated in 1989 and is based in Toronto, Canada.
- Warm winters reduce propane demand and distribution volumes
- U.S. propane acquisitions lift scale but increase leverage
- CNG and renewable gas growth hinges on contracts and incentives
| Net Income: -3.46m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 1.38 > 1.0 |
| NWC/Revenue: -1.52% < 20% (prev -2.06%; Δ 0.54% < -1%) |
| CFO/TA 0.10 > 3% & CFO 323.7m > Net Income -3.46m |
| Net Debt (1.76b) to EBITDA (414.5m): 4.26 < 3 |
| Current Ratio: 0.91 > 1.5 & < 3 |
| Outstanding Shares: last quarter (214.6m) vs 12m ago -16.79% < -2% |
| Gross Margin: 47.38% > 18% (prev 42.15%; Δ 5.24% > 0.5%) |
| Asset Turnover: 68.12% > 50% (prev 50.16%; Δ 17.96% > 0%) |
| Interest Coverage Ratio: 1.80 > 6 (EBIT TTM 159.7m / Interest Expense TTM 88.6m) |
| A: -0.01 (Total Current Assets 360.5m - Total Current Liabilities 396.2m) / Total Assets 3.37b |
| B: -0.46 (Retained Earnings -1.54b / Total Assets 3.37b) |
| C: 0.05 (EBIT TTM 159.7m / Avg Total Assets 3.44b) |
| D: 0.38 (Book Value of Equity 854.4m / Total Liabilities 2.25b) |
| Altman-Z'' = -0.85 = CCC |
| DSRI: 0.85 (Receivables 225.2m/199.8m, Revenue 2.35b/1.77b) |
| GMI: 0.89 (GM 42.15% / 47.38%) |
| AQI: 0.99 (AQ_t 0.50 / AQ_t-1 0.51) |
| SGI: 1.33 (Revenue 2.35b / 1.77b) |
| TATA: -0.10 (NI -3.46m - CFO 323.7m) / TA 3.37b) |
| Beneish M = -3.03 (Cap -4..+1) = AA |
As of November 07, 2026, the stock is trading at CAD 5.81 with a total of 807,614 shares traded. Over the past week, the price has changed by -15.67%, over one month by -18.40%, over three months by -24.36% and over the past year by -25.05%.
Current recommended Stop Loss: 5.50 (which is 5.3% or 1.5 ATR below the current price).
Superior Plus has no consensus analysts rating.
Market Cap USD = 1.04b (1.47b CAD * 0.7077 CAD.USD)
P/E Forward = 9.542
P/S = 0.6233
P/B = 1.2351
P/EG = 0.2405
Revenue TTM = 2.35b USD
EBIT TTM = 159.7m USD
EBITDA TTM = 414.5m USD
Long Term Debt = 1.52b USD (from longTermDebt, last quarter)
Short Term Debt = 43.8m USD (from shortTermDebt, last quarter)
Debt = 1.79b USD (from shortLongTermDebtTotal, last quarter) + Leases 137.9m
Net Debt = 1.76b USD (calculated: Debt 1.79b - CCE 27.0m)
Enterprise Value = 2.81b USD (1.04b + Debt 1.79b - CCE 27.0m)
Interest Coverage Ratio = 1.80 (Ebit TTM 159.7m / Interest Expense TTM 88.6m)
EV/FCF = 14.12x (Enterprise Value 2.81b / FCF TTM 198.8m)
FCF Yield = 7.08% (FCF TTM 198.8m / Enterprise Value 2.81b)
FCF Margin = 8.47% (FCF TTM 198.8m / Revenue TTM 2.35b)
Net Margin = -0.15% (Net Income TTM -3.46m / Revenue TTM 2.35b)
Gross Margin = 47.38% ((Revenue TTM 2.35b - Cost of Revenue TTM 1.23b) / Revenue TTM)
Gross Margin QoQ = 42.33% (prev 47.67%)
Tobins Q-Ratio = 0.83 (Enterprise Value 2.81b / Total Assets 3.37b)
Interest Expense / Debt = 4.95% (Interest Expense 88.6m / Debt 1.79b)
Taxrate = 37.39% (48.4m / 129.5m)
NOPAT = 100.0m (EBIT 159.7m * (1 - 37.39%))
Current Ratio = 0.91 (Total Current Assets 360.5m / Total Current Liabilities 396.2m)
Debt / Equity = 2.10 (Debt 1.79b / totalStockholderEquity, last quarter 854.4m)
Debt / EBITDA = 4.26 (Net Debt 1.76b / EBITDA 414.5m)
Debt / FCF = 8.87 (Net Debt 1.76b / FCF TTM 198.8m)
Total Stockholder Equity = 848.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.10% (Net Income -3.46m / Total Assets 3.37b)
RoE = -0.41% (Net Income TTM -3.46m / Total Stockholder Equity 848.7m)
RoCE = 6.76% (EBIT 159.7m / Capital Employed (Equity 848.7m + L.T.Debt 1.52b))
RoIC = 3.35% (NOPAT 100.0m / Invested Capital 2.99b)
WACC = 4.62% (E(1.04b)/V(2.83b) * Re(7.23%) + D(1.79b)/V(2.83b) * Rd(4.95%) * (1-Tc(0.37)))
Discount Rate = 7.23% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -56.43 | Cagr: -6.33%
[DCF] Terminal Value 77.97% ; FCFF base≈182.9m ; Y1≈209.7m ; Y5≈308.6m
[DCF] Fair Price = 13.42 (EV 4.64b - Net Debt 1.76b = Equity 2.88b / Shares 214.6m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.46 | # QB: 0
Revenue Correlation: -31.42 | Revenue CAGR: -4.73% | SUE: -0.30 | # QB: 0
EPS current Quarter (2026-09-30): EPS=-0.36 | Chg30d=-3.67% | Revisions=-25% | Analysts=3
EPS current Year (2026-12-31): EPS=0.35 | Chg30d=-9.60% | Revisions=+0% | GrowthEPS=-18.3% | GrowthRev=+1.6%
EPS next Year (2027-12-31): EPS=0.68 | Chg30d=-0.80% | Revisions=+40% | GrowthEPS=+97.3% | GrowthRev=+5.8%
[Analyst] Revisions Ratio: +12% (up=3, down=2)