Is SP Plus Stock a Good Investment?

SP Plus Investment Advice

To provide specific investment advice or recommendations on SP Plus Corp stock, we recommend investors consider the following general factors when evaluating SP Plus Corp. This will help you to make an informed decision on whether to include SP Plus in one of your diversified portfolios:

Examine SP Plus' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
Research SP Plus' leadership team and their track record. Good management can help SP Plus navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
Consider the overall health of the Environmental & Facilities Services space and any emerging trends that could impact SP Plus' business and its evolving consumer preferences.
Compare SP Plus' performance and market position to its competitors. Analyze how SP Plus is positioned in terms of product offerings, innovation, and market share.
Check if SP Plus pays a dividend and its dividend yield and payout ratio.
Review what financial analysts are saying about SP Plus' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.

It's important to note that investing in SP Plus Corp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if SP Plus Corp is a good investment.

Sell

Buy

Hold

Our trade advice module provides unbiased advice that can be used to complement current average analyst sentiment on SP Plus. Our trade advice engine provides an advice for the company potential to grow from the perspective of an investor's risk tolerance and investing horizon. To make sure SP Plus Corp is not overpriced, please validate all SP Plus Corp fundamentals, including its shares owned by insiders, total debt, total asset, as well as the relationship between the revenue and earnings per share . Given that SP Plus Corp has a price to earning of 15.79 X, we advise you to double-check SP Plus market performance and probability of bankruptcy to ensure the company can sustain itself in the coming quarters given your latest risk tolerance and investing horizon.

Market Performance	OK	Details
Volatility	Very steady	Details
Hype Condition	Low key	Details
Current Valuation	Undervalued	Details
Odds Of Distress	Low	Details
Economic Sensitivity	Moves indifferently to market moves	Details
Investor Sentiment	Alarmed	Details
Analyst Consensus	Hold	Details
Financial Strenth (F Score)	Strong	Details
Financial Leverage	Inapplicable	Details
Reporting Quality (M-Score)	Unlikely Manipulator	Details

Examine SP Plus Stock

Researching SP Plus' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 91.0% of the company shares are owned by institutional investors. The book value of SP Plus was at this time reported as 13.16. The company has Price/Earnings To Growth (PEG) ratio of 1.91. SP Plus Corp had not issued any dividends in recent years. The entity had 2:1 split on the 18th of January 2008.

To determine if SP Plus is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding SP Plus' research are outlined below:

	The company reports 566.3 M of total liabilities with total debt to equity ratio (D/E) of 2.21, which may imply that the company relies heavily on debt financing. SP Plus Corp has a current ratio of 0.6, implying that it has not enough working capital to pay out debt commitments in time. Debt can assist SP Plus until it has trouble settling it off, either with new capital or with free cash flow. So, SP Plus' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like SP Plus Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for SP Plus to invest in growth at high rates of return. When we think about SP Plus' use of debt, we should always consider it together with cash and equity.
	SP Plus Corp has a strong financial position based on the latest SEC filings
	Over 91.0% of SP Plus shares are owned by institutional investors
	Latest headline from news.google.com: Los Angeles Capital Management LLC Sells 22,160 Shares of SP Plus Co. - MarketBeat

SP Plus Quarterly Cash And Short Term Investments

17.8 Million

SP Plus uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in SP Plus Corp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to SP Plus' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.

	28th of February 2024 Upcoming Quarterly Report	View
	1st of May 2024 Next Financial Report	View
	31st of December 2023 Next Fiscal Quarter End	View
	28th of February 2024 Next Fiscal Year End	View
	30th of September 2023 Last Quarter Report	View
	31st of December 2022 Last Financial Announcement	View

Earnings surprises can significantly impact SP Plus' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises SP Plus' investors have experienced.

Reported	Fiscal Date	Estimated EPS	Reported EPS	Surprise
2005-03-07	2004-12-31	0.11	0.13	0.02	18
2004-08-12	2004-06-30	0.1	0.12	0.02	20
2014-11-05	2014-09-30	0.25	0.28	0.03	12
2013-05-08	2013-03-31	0.14	0.11	-0.03	21
2009-08-05	2009-06-30	0.24	0.27	0.03	12
2009-03-11	2008-12-31	0.24	0.27	0.03	12
2007-03-07	2006-12-31	0.23	0.26	0.03	13
2006-08-02	2006-06-30	0.19	0.22	0.03	15

SP Plus Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. SP Plus target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. SP Plus' target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.

Hold

Most SP Plus analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand SP Plus stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of SP Plus Corp, talking to its executives and customers, or listening to those companies' conference calls.

Macroaxis Advice Exposure Valuation

SP Plus Target Price Projection

SP Plus' current and average target prices are 53.46 and 59.00, respectively. The current price of SP Plus is the price at which SP Plus Corp is currently trading. On the other hand, SP Plus' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

SP Plus Market Quote on 11th of May 2024

Low Price	51.25	Odds
High Price	53.9	Odds

53.46 Target Price

Analyst Consensus On SP Plus Target Price

Low Estimate	53.69	Odds
High Estimate	65.49	Odds

59.0

Historical

Lowest Forecast 53.69

Target Price 59.0

Highest Forecast 65.49

Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on SP Plus Corp and the information provided on this page.

SP Plus Analyst Ratings

SP Plus' analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about SP Plus stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of SP Plus' financials, market performance, and future outlook by experienced professionals. SP Plus' historical ratings below, therefore, can serve as a valuable tool for investors.

Know SP Plus' Top Institutional Investors

Have you ever been surprised when a price of an equity instrument such as SP Plus is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading SP Plus Corp backward and forwards among themselves. SP Plus' institutional investor refers to the entity that pools money to purchase SP Plus' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.

		Shares
Geode Capital Management, Llc	2023-12-31	420.2 K
Alliancebernstein L.p.	2023-12-31	403.4 K
River Road Asset Management, Llc	2024-03-31	399.5 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
Segall Bryant & Hamill	2023-12-31	1.2 M

Note, although SP Plus' institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

SP Plus' market capitalization trends

The company currently falls under 'Mid-Cap' category with a market capitalization of 1.02 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate SP Plus's market, we take the total number of its shares issued and multiply it by SP Plus's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Market Cap

1.06 Billion

SP Plus' profitablity analysis

SP Plus' profitability indicators refer to fundamental financial ratios that showcase SP Plus' ability to generate income relative to its revenue or operating costs. If, let's say, SP Plus is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, SP Plus' executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of SP Plus' profitability requires more research than a typical breakdown of SP Plus' financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.

	Last Reported	Projected for Next Year
Return On Tangible Assets	0.06	0.03
Return On Capital Employed	0.12	0.08
Return On Assets	0.03	0.03
Return On Equity	0.12	0.12

The company has Net Profit Margin (PM) of 0.03 %, which suggests that even a small decline in it sales will erase profits and may result in a net loss, or a negative profit margin. This is way below average. Likewise, it shows Net Operating Margin (NOM) of 0.1 %, which signifies that for every $100 of sales, it has a net operating income of $0.1.

Determining SP Plus' profitability involves analyzing its financial statements and using various financial metrics to determine if SP Plus is a good buy. For example, gross profit margin measures SP Plus' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of SP Plus' profitability and make more informed investment decisions.

The data published in SP Plus' official financial statements usually reflect SP Plus' business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of SP Plus Corp. For example, before you start analyzing numbers published by SP Plus accountants, it's critical to develop an understanding of what SP Plus' liquidity, profitability, and earnings quality are in the context of the Commercial Services & Supplies space in which it operates.

Please note, the presentation of SP Plus' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, SP Plus' management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in SP Plus' accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of SP Plus Corp. Please utilize our Beneish M Score to check the likelihood of SP Plus' management manipulating its earnings.

Evaluate SP Plus' management efficiency

SP Plus Corp has Return on Asset (ROA) of 0.0514 % which means that for every $100 of assets, it generated a profit of $0.0514. This is way below average. Likewise, it shows a return on total equity (ROE) of 0.1395 %, which means that it produced $0.1395 on every 100 dollars invested by current stockholders. SP Plus' management efficiency ratios could be used to measure how well SP Plus manages its routine affairs as well as how well it operates its assets and liabilities. As of 05/11/2024, Return On Assets is likely to grow to 0.03, while Return On Tangible Assets are likely to drop 0.03. At this time, SP Plus' Non Current Liabilities Other is relatively stable compared to the past year. As of 05/11/2024, Change To Liabilities is likely to grow to about 17.8 M, while Total Current Liabilities is likely to drop slightly above 182.7 M.

	Last Reported	Projected for Next Year
Book Value Per Share	12.75	13.39
Net Current Asset Value	0.00	0.00
Tangible Asset Value	0.00	0.00
Tangible Book Value Per Share	(17.98)	(18.87)
Enterprise Value Over EBITDA	11.74	6.28
Price Book Value Ratio	4.02	3.82
Enterprise Value Multiple	11.74	6.28
Price Fair Value	4.02	3.82
Enterprise Value	1.6 B	1.6 B

The analysis of SP Plus' management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze SP Plus' future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of SP Plus Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.

Beta

1.222

Basic technical analysis of SP Plus Stock

As of the 11th of May 2024, SP Plus owns the Risk Adjusted Performance of (0.03), mean deviation of 0.2727, and Standard Deviation of 0.4069. Concerning fundamental indicators, the technical analysis model makes it possible for you to check potential technical drivers of SP Plus Corp, as well as the relationship between them. Strictly speaking, you can use this information to find out if the company will indeed mirror its model of historical prices and volume patterns, or the prices will eventually revert. We were able to interpolate data for thirteen technical drivers for SP Plus, which can be compared to its peers in the sector. Please validate SP Plus Corp risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and kurtosis to decide if SP Plus Corp is priced correctly, providing market reflects its prevailing price of 53.46 per share. Given that SP Plus Corp has information ratio of (0.25), we advise you to double-check SP Plus's latest market performance to make sure the company can sustain itself at some future date.

SP Plus' insider trading activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific SP Plus insiders, such as employees or executives, is commonly permitted as long as it does not rely on SP Plus' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases SP Plus insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

		Douglas Waggoner over two weeks ago Acquisition by Douglas Waggoner of 2927 shares of SP Plus at 29.04 subject to Rule 16b-3
		Robert Toy over a month ago Disposition of 2518 shares by Robert Toy of SP Plus at 30.3975 subject to Rule 16b-3
		Robert Toy over a month ago Disposition of 2518 shares by Robert Toy of SP Plus at 30.3975 subject to Rule 16b-3

Understand SP Plus' technical and predictive indicators

Using predictive indicators to make investment decisions involves analyzing SP Plus' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.

	Risk Adjusted Performance	(0.03)
	Market Risk Adjusted Performance	0.6855
	Mean Deviation	0.2727
	Coefficient Of Variation	(2,232)
	Standard Deviation	0.4069
	Variance	0.1656
	Information Ratio	(0.25)
	Jensen Alpha	(0.03)
	Total Risk Alpha	(0.08)
	Treynor Ratio	0.6755
	Maximum Drawdown	1.76
	Value At Risk	(0.76)
	Potential Upside	0.6809
	Skewness	0.2107
	Kurtosis	1.85

	Risk Adjusted Performance	(0.03)
	Market Risk Adjusted Performance	0.6855
	Mean Deviation	0.2727
	Coefficient Of Variation	(2,232)
	Standard Deviation	0.4069
	Variance	0.1656
	Information Ratio	(0.25)
	Jensen Alpha	(0.03)
	Total Risk Alpha	(0.08)
	Treynor Ratio	0.6755
	Maximum Drawdown	1.76
	Value At Risk	(0.76)
	Potential Upside	0.6809
	Skewness	0.2107
	Kurtosis	1.85

Consider SP Plus' intraday indicators

SP Plus intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of SP Plus stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

	Accumulation Distribution	97967.65
	Daily Balance Of Power	0.7887
	Rate Of Daily Change	1.04
	Day Median Price	52.58
	Day Typical Price	52.87
	Price Action Indicator	1.93
	Period Momentum Indicator	2.09

SP Plus Corporate Filings

10Q	2nd of May 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations	View Verify
8K	1st of May 2024 Report filed with the SEC to announce major events that shareholders should know about	View Verify
13A	6th of March 2024 An amended filing to the original Schedule 13G	View Verify
10K	28th of February 2024 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance	View Verify

SP Plus time-series forecasting models is one of many SP Plus' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary SP Plus' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

SP Plus Stock media impact

Far too much social signal, news, headlines, and media speculation about SP Plus that are available to investors today. That information is available publicly through SP Plus media outlets and privately through word of mouth or via SP Plus internal channels. However, regardless of the origin, that massive amount of SP Plus data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.

A primary focus of SP Plus news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of SP Plus relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to SP Plus' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive SP Plus alpha.

SP Plus Sentiment by Major News Outlets

Investor sentiment, mood or attitude towards SP Plus can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.

Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Be your own money manager

Our tools can tell you how much better you can do entering a position in SP Plus without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy SP Plus Stock?

Examine SP Plus' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
Research SP Plus' leadership team and their track record. Good management can help SP Plus navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
Consider the overall health of the Environmental & Facilities Services space and any emerging trends that could impact SP Plus' business and its evolving consumer preferences.
Compare SP Plus' performance and market position to its competitors. Analyze how SP Plus is positioned in terms of product offerings, innovation, and market share.
Check if SP Plus pays a dividend and its dividend yield and payout ratio.
Review what financial analysts are saying about SP Plus' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.

Already Invested in SP Plus Corp?

The danger of trading SP Plus Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of SP Plus is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than SP Plus. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile SP Plus Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.

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: