Sp Plus Corp Stock Net Asset
| SP Stock | USD 51.00 0.15 0.29% |
SP Plus Corp fundamentals help investors to digest information that contributes to SP Plus' financial success or failures. It also enables traders to predict the movement of SP Plus Stock. The fundamental analysis module provides a way to measure SP Plus' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to SP Plus stock.
SP Plus | Net Asset |
SP Plus Corp Company Net Asset Analysis
SP Plus' Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Current SP Plus Net Asset | 1.15 B |
Most of SP Plus' fundamental indicators, such as Net Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, SP Plus Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
SP Plus Net Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for SP Plus is extremely important. It helps to project a fair market value of SP Plus Stock properly, considering its historical fundamentals such as Net Asset. Since SP Plus' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of SP Plus' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of SP Plus' interrelated accounts and indicators.
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Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
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SP Plus Total Assets
Total Assets |
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Based on the recorded statements, SP Plus Corp has a Net Asset of 1.15 B. This is much higher than that of the Commercial Services & Supplies sector and significantly higher than that of the Industrials industry. The net asset for all United States stocks is notably lower than that of the firm.
SP Plus Net Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses SP Plus' direct or indirect competition against its Net Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of SP Plus could also be used in its relative valuation, which is a method of valuing SP Plus by comparing valuation metrics of similar companies.SP Plus is currently under evaluation in net asset category among related companies.
SP Plus Current Valuation Drivers
We derive many important indicators used in calculating different scores of SP Plus from analyzing SP Plus' financial statements. These drivers represent accounts that assess SP Plus' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of SP Plus' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 936.9M | 607.0M | 597.3M | 722.5M | 1.0B | 1.1B | |
| Enterprise Value | 1.7B | 1.3B | 1.2B | 1.3B | 1.6B | 1.6B |
SP Plus Institutional Holders
Institutional Holdings refers to the ownership stake in SP Plus that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of SP Plus' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing SP Plus' value.| Shares | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 433.3 K | Geode Capital Management, Llc | 2023-12-31 | 420.2 K | Alliancebernstein L.p. | 2023-12-31 | 403.4 K | Millennium Management Llc | 2023-12-31 | 374.8 K | Grantham, Mayo, Van Otterloo & Co., Llc | 2023-12-31 | 301.8 K | Tokio Marine Asset Management Co Ltd | 2023-12-31 | 300.3 K | Westchester Capital Management Llc | 2023-12-31 | 297.1 K | Qube Research & Technologies | 2023-12-31 | 295 K | Woodline Partners Lp | 2023-12-31 | 280.8 K | Blackrock Inc | 2023-12-31 | 1.5 M | River Road Asset Management, Llc | 2023-12-31 | 1.4 M |
SP Plus Fundamentals
| Return On Equity | 0.15 | ||||
| Return On Asset | 0.0505 | ||||
| Profit Margin | 0.04 % | ||||
| Operating Margin | 0.14 % | ||||
| Current Valuation | 1.56 B | ||||
| Shares Outstanding | 19.8 M | ||||
| Shares Owned By Insiders | 3.01 % | ||||
| Shares Owned By Institutions | 94.18 % | ||||
| Number Of Shares Shorted | 1.31 M | ||||
| Price To Earning | 15.79 X | ||||
| Price To Book | 4.11 X | ||||
| Price To Sales | 1.17 X | ||||
| Revenue | 1.78 B | ||||
| Gross Profit | 219.3 M | ||||
| EBITDA | 132.5 M | ||||
| Net Income | 31.1 M | ||||
| Cash And Equivalents | 14.6 M | ||||
| Cash Per Share | 0.63 X | ||||
| Total Debt | 566.3 M | ||||
| Debt To Equity | 2.21 % | ||||
| Current Ratio | 0.61 X | ||||
| Book Value Per Share | 12.67 X | ||||
| Cash Flow From Operations | 55.8 M | ||||
| Short Ratio | 9.87 X | ||||
| Earnings Per Share | 1.57 X | ||||
| Price To Earnings To Growth | 1.91 X | ||||
| Target Price | 64.0 | ||||
| Number Of Employees | 13.1 K | ||||
| Beta | 1.23 | ||||
| Market Capitalization | 1.01 B | ||||
| Total Asset | 1.15 B | ||||
| Retained Earnings | 104.7 M | ||||
| Working Capital | (125.2 M) | ||||
| Current Asset | 150 M | ||||
| Current Liabilities | 207.6 M | ||||
| Net Asset | 1.15 B |
About SP Plus Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze SP Plus Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SP Plus using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SP Plus Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards SP Plus in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, SP Plus' short interest history, or implied volatility extrapolated from SP Plus options trading.
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When determining whether SP Plus Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if SP Plus Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Sp Plus Corp Stock. Highlighted below are key reports to facilitate an investment decision about Sp Plus Corp Stock:Check out SP Plus Piotroski F Score and SP Plus Altman Z Score analysis. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for SP Plus Stock analysis
When running SP Plus' price analysis, check to measure SP Plus' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SP Plus is operating at the current time. Most of SP Plus' value examination focuses on studying past and present price action to predict the probability of SP Plus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SP Plus' price. Additionally, you may evaluate how the addition of SP Plus to your portfolios can decrease your overall portfolio volatility.
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Is SP Plus' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of SP Plus. If investors know SP Plus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about SP Plus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.74) | Earnings Share 1.57 | Revenue Per Share 44.899 | Quarterly Revenue Growth 0.052 | Return On Assets 0.0505 |
The market value of SP Plus Corp is measured differently than its book value, which is the value of SP Plus that is recorded on the company's balance sheet. Investors also form their own opinion of SP Plus' value that differs from its market value or its book value, called intrinsic value, which is SP Plus' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because SP Plus' market value can be influenced by many factors that don't directly affect SP Plus' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between SP Plus' value and its price as these two are different measures arrived at by different means. Investors typically determine if SP Plus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, SP Plus' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.