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Superior Plus Corp.TSX:SPB Stock Report

Market Cap CA$1.6b
Share Price
CA$7.12
My Fair Value
n/a
1Y16.2%
7D13.2%
Portfolio Value
​
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Superior Plus Corp.

TSX:SPB Stock Report

Market Cap: CA$1.6b

Superior Plus (SPB) Stock Overview

Distributes propane, compressed natural gas, and renewable energy and related products and services in the United States and Canada. More details

SPB fundamental analysis
Snowflake Score
Valuation3/6
Future Growth3/6
Past Performance1/6
Financial Health0/6
Dividends2/6

Rewards

Trading at 80.5% below our estimate of its fair value

Earnings are forecast to grow 33.13% per year

Analysts in good agreement that stock price will rise by 28.9%

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 2.52% is not well covered by earnings


SPB Community Fair Values

Create Narrative

See what 24 others think this stock is worth. Follow their fair value or set your own to get alerts.

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Superior Plus

Electrification Will Erode Propane Markets While Diversification Will Restore Resilience

Key Takeaways Electrification, alternative heating, and urbanization trends threaten long-term propane demand, revenue growth, and core market stability. Reliance on fossil fuels exposes the company to regulatory risk, higher compliance costs, and pressure on net margins as energy standards tighten.
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CA$7.5
FV
5.1% undervalued intrinsic discount
4.01%
Revenue growth p.a.
0users have liked this narrative
1users have commented on this narrative
1users have followed this narrative
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Superior Plus

Operational Transformation And Clean Energy Will Unlock Future Value

Key Takeaways Operational transformation, technology investments, and strategic M&A are driving higher margins, improved efficiency, and sustained earnings growth. Expansion into renewable fuels and distributed energy positions the company to benefit from energy transition trends and increasing demand for reliable alternatives.
View narrative
CA$9.63
FV
26.0% undervalued intrinsic discount
3.76%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
14users have followed this narrative
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Superior Plus

Electrification And Decarbonization In North America Will Secure Propane Demand

Key Takeaways Operational transformation and technology investment drive sustainable margin improvement, efficiency gains, and position the company to outpace industry growth trends. Expansion in renewables and innovative logistics enables resilience and future earnings growth amid the energy transition and evolving customer needs.
View narrative
CA$12
FV
40.7% undervalued intrinsic discount
4.63%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
View Stock Community

Superior Plus Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Superior Plus
Historical stock prices
Current Share PriceCA$7.12
52 Week HighCA$8.34
52 Week LowCA$5.77
Beta0.50
1 Month Change-10.55%
3 Month Change-2.86%
1 Year Change16.15%
3 Year Change-30.40%
5 Year Change-41.64%
Change since IPO-42.81%

Recent News & Updates

Superior Plus (TSE:SPB) Is Due To Pay A Dividend Of $0.045

Nov 18
Superior Plus (TSE:SPB) Is Due To Pay A Dividend Of $0.045

Analysts Have Made A Financial Statement On Superior Plus Corp.'s (TSE:SPB) Third-Quarter Report

Nov 16
Analysts Have Made A Financial Statement On Superior Plus Corp.'s (TSE:SPB) Third-Quarter Report

Recent updates

Superior Plus (TSE:SPB) Is Due To Pay A Dividend Of $0.045

Nov 18
Superior Plus (TSE:SPB) Is Due To Pay A Dividend Of $0.045

Analysts Have Made A Financial Statement On Superior Plus Corp.'s (TSE:SPB) Third-Quarter Report

Nov 16
Analysts Have Made A Financial Statement On Superior Plus Corp.'s (TSE:SPB) Third-Quarter Report

Superior Plus (TSE:SPB) Has A Somewhat Strained Balance Sheet

Jul 18
Superior Plus (TSE:SPB) Has A Somewhat Strained Balance Sheet

We Think Superior Plus (TSE:SPB) Is Taking Some Risk With Its Debt

Apr 04
We Think Superior Plus (TSE:SPB) Is Taking Some Risk With Its Debt

Cautious Investors Not Rewarding Superior Plus Corp.'s (TSE:SPB) Performance Completely

Feb 28
Cautious Investors Not Rewarding Superior Plus Corp.'s (TSE:SPB) Performance Completely
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Organic Growth Strategies Will Transform Propane Business By 2027

Superior Plus is emphasizing organic growth and operational efficiency over acquisitions to realize sustainable revenue growth and enhanced earnings.

Superior Plus' (TSE:SPB) Dividend Will Be Reduced To $0.045

Dec 14
Superior Plus' (TSE:SPB) Dividend Will Be Reduced To $0.045

Investors Aren't Buying Superior Plus Corp.'s (TSE:SPB) Revenues

Nov 08
Investors Aren't Buying Superior Plus Corp.'s (TSE:SPB) Revenues

Superior Plus (TSE:SPB) Has Affirmed Its Dividend Of $0.18

Aug 19
Superior Plus (TSE:SPB) Has Affirmed Its Dividend Of $0.18

Is It Too Late To Consider Buying Superior Plus Corp. (TSE:SPB)?

Jul 25
Is It Too Late To Consider Buying Superior Plus Corp. (TSE:SPB)?

Investors Aren't Buying Superior Plus Corp.'s (TSE:SPB) Revenues

Jan 16
Investors Aren't Buying Superior Plus Corp.'s (TSE:SPB) Revenues

Is Superior Plus (TSE:SPB) Using Too Much Debt?

Dec 25
Is Superior Plus (TSE:SPB) Using Too Much Debt?

Are Investors Undervaluing Superior Plus Corp. (TSE:SPB) By 43%?

Aug 04
Are Investors Undervaluing Superior Plus Corp. (TSE:SPB) By 43%?

Superior Plus (TSE:SPB) Has A Somewhat Strained Balance Sheet

Jun 22
Superior Plus (TSE:SPB) Has A Somewhat Strained Balance Sheet

Superior Plus' (TSE:SPB) Dividend Will Be CA$0.06

Mar 14
Superior Plus' (TSE:SPB) Dividend Will Be CA$0.06

Shareholder Returns

SPBCA Gas UtilitiesCA Market
7D13.2%0.8%-0.7%
1Y16.2%13.5%16.8%

Return vs Industry: SPB exceeded the Canadian Gas Utilities industry which returned 13.5% over the past year.

Return vs Market: SPB matched the Canadian Market which returned 16.8% over the past year.

Price Volatility

Is SPB's price volatile compared to industry and market?
SPB volatility
SPB Average Weekly Movement6.7%
Gas Utilities Industry Average Movement2.6%
Market Average Movement10.0%
10% most volatile stocks in CA Market19.4%
10% least volatile stocks in CA Market3.2%

Stable Share Price: SPB has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: SPB's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1989n/aAllan MacDonaldwww.superiorplus.com

Superior Plus Corp. distributes propane, compressed natural gas, and renewable energy and related products and services in the United States and Canada. The company operates through four segments: United States Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), North American Wholesale Propane Distribution (Wholesale Propane), and Compressed Natural Gas Distribution (CNG).

Superior Plus Corp. Fundamentals Summary

How do Superior Plus's earnings and revenue compare to its market cap?
SPB fundamental statistics
Market capCA$1.59b
Earnings (TTM)CA$22.41m
Revenue (TTM)CA$3.48b
70.9x
P/E Ratio
0.5x
P/S Ratio

Is SPB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SPB income statement (TTM)
RevenueUS$2.47b
Cost of RevenueUS$1.24b
Gross ProfitUS$1.23b
Other ExpensesUS$1.22b
EarningsUS$15.90m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.071
Gross Margin49.90%
Net Profit Margin0.64%
Debt/Equity Ratio155.5%

How did SPB perform over the long term?

See historical performance and comparison

Dividends

2.5%
Current Dividend Yield
152%
Payout Ratio

Does SPB pay a reliable dividends?

See SPB dividend history and benchmarks
When do you need to buy SPB by to receive an upcoming dividend?
Superior Plus dividend dates
Ex Dividend DateDec 31 2025
Dividend Pay DateJan 15 2026
Days until Ex dividend38 days
Days until Dividend pay date53 days

Does SPB pay a reliable dividends?

See SPB dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/23 01:33
End of Day Share Price 2025/11/21 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Superior Plus Corp. is covered by 15 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nathan HeywoodATB Capital Markets
John GibsonBMO Capital Markets Equity Research
John BereznickiCanaccord Genuity