TSE:SPB

Superior Plus Corp (SPB.TO)

8.36
-0.08 (0.95%)
as of Jun 5, 2026, 7:41:43 pm Market Open.
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Investor Insights
star iconJun 5, 2026, 12:00 am

This summary was created by AI, based on 5 opinions in the last 12 months.

Superior Plus Corp (SPB-T) operates primarily in the propane and fuel logistics sector, facing challenges such as market volatility and seasonal margin pressure. Recent earnings reports have disappointed, leading to a significant drop in share prices and concerns over management credibility. While the acquisition of a compressed natural gas business indicates a strategic shift towards alternative energy sources, erratic earnings patterns raise questions about its long-term sustainability. The stock has shown a compounded growth of slightly over 1% in the last decade, sparking debate among experts regarding its future potential. With a distribution yield of around 2.5%, it presents itself as a stable, yet arguably stagnant, investment option that trades income for capital appreciation.

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Consensus
Negative
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Valuation
Overvalued
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Similar
Suburban, SUB
PAST TOP PICK
(A Top Pick Apr 25/19, Down 20%) He still owns this and added during March. He likes their US propane distribution system and acquisitions into the US northeast. They worked hard to sell their chemical business, but were not able to get the price they wanted. People need propane, so he sees this as an essential business. This is a good time to buy.
PAST TOP PICK
(A Top Pick Apr 11/19, Down 11%) He still likes this. He bought when it yielded over 7%. The unique thing that happened was the announcement of the sale of their chemical business. They sold out of their position around $13.50 and took profit. When it was later announced the sale was not going ahead, the share prices dropped. Now with the recent sell off in the general market he has been back in buying. With a 6-7% dividend yield it is attractive.
TOP PICK
An income name that pays 6.1% that's sustainable and growing. He likes the fundamentals. (Analysts’ price target is $14.60)
BUY

Backed out of a deal? They announced 3 months ago they wanted to sell their European chemical business. When no material offers came then they backed out. They have a lot of debt they were planning to pay down following the failed divestiture. They have re-instated the DRIP program, which is dilutive to holders he adds. He still owns it and still likes their yield. A stable propane business with good margins. A good buy here. Yield 6.2%

BUY
As a trade, you can play it here, buy now. Rangebound, $14 is the upper range.
TOP PICK
New highs. Valuations are high in the market, and it's hard to get good yield in a bond portfolio. It's not expensive with a good price-earning ratio with a dividend. It's a propane franchise, and it's probably undervalued. A good roll-up story going forward. (Analysts’ price target is $14.95)
PARTIAL SELL
Has support at $12 and resistance around $13. It will be tough to rise above $13. Sell part or all now.
DON'T BUY
He owns the bonds, but not the stock. A low-growth business, hauling around petrochemical products. Stable, though and a safe dividend. Little capital appreciation here.
HOLD
He owns the bonds and convertible debentures which pay an attractive 6%. Doesn't own the stocks. SPB will report a good Q2 after fixing its problems. It's returning to its 2015 levels and approaching full value. He has a $14 stock target.
DON'T BUY
Pays a 6.1% dividend. The payout is 40%. Sales were up 5% last quarter, but earnings were down 44%, an 11% negative surprise, and earnings estimates have been chopped 18% in the last 90 days. The coming quarter is expected to see a 30% rebound in earnings. Earnings are expected to jump 70% in the coming year. Their 11% ROE is reasonable. But this ranks low in his rankings.
TOP PICK
Good job in acquiring propane distribution companies in US, plus growing their retail distribution. Inexpensive multiple. Could comfortably move into the $13-14 range. Attractive level. Yield is 6.17%. (Analysts’ price target is $14.38)
TOP PICK
It is a play on their growth in the propane business in the northeast. The energy part of their business is about 80% and is the focus. They did a good job with a few acquisitions. The market took it too low. They pay out only half of their earnings. Retail distribution is much better the wholesale. It could move to $13-$14. (Analysts’ price target is $14.39)
BUY

A bond proxy. From 2016 to early-2017 it had an uptrend, then a pullback. This year, the uptrend has resumed. He likes the chart--it's currently on the upside. Also pays a decent dividend. Let's see if it tests upside resistance at $14.

COMMENT

There is good support. It looks good here. But it has to cross the $13.40 level to show him that is a buy. (Analysts’ price target is $14.56)

BUY

This trades a 15.5 times earnings vs peers trading at 17 times. He likes it. Distributions are safe. A play on a slightly better economy. 66% energy, 33% specialty chemicals. The balance sheet is a little stretched. A name you can buy for risk-adjusted accounts. Not a blue chip.

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