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SP Plus Corporation (SP)
Key financial summary
Financials in USD| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 1,468 | 1,664 | 1,087 | 1,177 | 1,554 | 1,782 | 1,808 |
| Operating profit | $m | 96 | 89 | |||||
| Net profit | $m | 53 | 49 | -173 | 32 | 45 | 31 | 30 |
| EPS reported | $ | 1.57 | 1.52 | |||||
| Operating cashflow per share | $ | 2.84 | 2.84 | |||||
| Capex per share | $ | 1.09 | 1.09 | |||||
| FCF per share | $ | 1.75 | 1.75 | |||||
| Free cash flow | $m | 34 | 42 | |||||
| Net debt | $m | 547 | 368 | |||||
| Book value equity | $m | 251 | 261 | |||||
| Book value per share | $ | 12.68 | 13.03 | |||||
| Number of shares | m | 19.78 | 19.99 | |||||
| DPS (TTM paid) | $ | 0.00 | 0.00 |
Financial summary
Financials in USD| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | TTM | ||
|---|---|---|---|---|---|---|---|---|
| Value | ||||||||
| P/E TTM | x | 32.64 | - | |||||
| P/B LTM | x | 4.02 | 4.10 | |||||
| P/S LTM | x | 0.57 | 0.59 | |||||
| P/FCF LTM | x | 29.31 | 25.21 | |||||
| EV/EBITDA LTM | x | 13.17 | 13.67 | |||||
| EV/Sales LTM | x | 0.87 | 0.79 | |||||
| Earnings Yield LTM | % | 3.06% | 2.93% | |||||
| FCF Yield | % | 3.41% | 3.97% | |||||
| Quality | ||||||||
| ROE | % | 12.40% | 13.05% | |||||
| ROIC | % | 7.49% | 7.49% | |||||
| Operating margin | % | 5.41% | 5.41% | |||||
| Gross margin | % | 12.26% | 12.26% | |||||
| FCF/Sales | % | 1.93% | 1.93% | |||||
| Growth and momentum | ||||||||
| EPS Growth YoY | % | -26.98% | -26.21% | |||||
| Sales Growth YoY | % | +14.73% | +11.01% | |||||
| Net Income Growth YoY | % | -31.19% | -29.37% | |||||
| FCF Growth | % | -50.57% | -20.30% | |||||
| Operating Profit Growth | % | +16.28% | +8.40% | |||||
| Dividend and capital structure | ||||||||
| Dividend Yield | % | 0.00% | 0.00% | |||||
| Dividend Growth | % | 0.00% | 0.00% | |||||
| Payout Ratio | % | 0.00% | 0.00% | |||||
| FCF/Debt | x | 0.06 | 0.08 | |||||
| Net Debt/EBITDA | x | 4.63 | 4.63 | |||||
| EBIT/Net interest | x | 3.35 | 3.35 | |||||
| Net debt/market cap | % | 54.28% | 34.43% | |||||
| Net debt/Equity | x | 2.18 | 1.41 | |||||
| Gross debt/equity | x | 2.26 | 2.13 | |||||
Company overview
SP Plus Corporation, established in Chicago, Illinois in 1929, delivers a wide array of mobility and ancillary services across North America. The company's operations are divided into Commercial and Aviation divisions. Their comprehensive offerings include managing on-site parking and valet services, coordinating ground transportation with shuttle vehicles and drivers, and overseeing event logistics. They also provide facility maintenance, such as power sweeping, washing, painting, and general repairs, along with consulting for parking operations, and municipal meter collection and enforcement. For the travel industry, SP Plus offers extensive baggage services, encompassing the delivery of delayed luggage, general baggage handling, wheelchair assistance, and repair or replacement services. Beyond these core functions, the company provides security services, which include the deployment of trained personnel, patrols, and integrated technological solutions. They also operate consumer-facing digital platforms, such as the parking.com website and mobile applications. Additionally, SP Plus assists clients with multi-channel marketing initiatives, utilizing its SP+-branded websites, search engine marketing, email campaigns, and social media. The company's services are marketed under key brands like SP+, Sphere, and Bags. Their diverse clientele spans private and public entities, local governments, and developers and managers of various properties, including corporate offices, residential buildings, retail centers, sports complexes, hotels, and healthcare facilities, as well as airlines and cruise lines. Known as Standard Parking Corporation until December 2013, the company subsequently rebranded as SP Plus Corporation.
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For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
SP Plus Corporation (SP)
SP Plus Corporation, established in Chicago, Illinois in 1929, delivers a wide array of mobility and ancillary services across North America. The company's operations are divided into Commercial and Aviation divisions. Their comprehensive offerings include managing on-site parking and valet services, coordinating ground transportation with shuttle vehicles and drivers, and overseeing event logistics. They also provide facility maintenance, such as power sweeping, washing, painting, and general repairs, along with consulting for parking operations, and municipal meter collection and enforcement. For the travel industry, SP Plus offers extensive baggage services, encompassing the delivery of delayed luggage, general baggage handling, wheelchair assistance, and repair or replacement services. Beyond these core functions, the company provides security services, which include the deployment of trained personnel, patrols, and integrated technological solutions. They also operate consumer-facing digital platforms, such as the parking.com website and mobile applications. Additionally, SP Plus assists clients with multi-channel marketing initiatives, utilizing its SP+-branded websites, search engine marketing, email campaigns, and social media. The company's services are marketed under key brands like SP+, Sphere, and Bags. Their diverse clientele spans private and public entities, local governments, and developers and managers of various properties, including corporate offices, residential buildings, retail centers, sports complexes, hotels, and healthcare facilities, as well as airlines and cruise lines. Known as Standard Parking Corporation until December 2013, the company subsequently rebranded as SP Plus Corporation.
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