TSE:SPB

Superior Plus Corp (SPB.TO)

8.02
+0.06 (0.75%)
as of Jul 16, 2026, 8:00:00 pm Market Open.
248 watching
0
Investor Insights
star iconJul 16, 2026, 12:00 am

This summary was created by AI, based on 4 opinions in the last 12 months.

Superior Plus Corp (SPB-T) operates primarily in the energy sector, dealing with propane and other fuels in Canada and the US, which are highly dependent on weather conditions. The company faces significant volatility, particularly in its propane segment, resulting in a challenging earnings environment. Recent earnings reports have disappointed investors, leading to an 18% drop in stock price and raising questions about management credibility. While the company diversifies its portfolio with a recent acquisition in compressed natural gas and renewable natural gas, it has struggled with operational efficiency and has revised its growth outlook from a projected 10% increase in the US to a decrease of 5%. Over the long term, shareholder returns have been minimal, suggesting that investors might be sacrificing capital appreciation for dividend income, presently yielding around 2.5%.

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Consensus
Negative
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Valuation
Overvalued
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Similar
Husky, HSE
DON'T BUY
18.3% yield so it is definitely paying out more than 100%. The market is basically saying they're going to have to cut the yield at some point.
DON'T BUY
Convertible debenture maturing 2017. Is company at risk in defaulting on interest payments? (Joey owns some senior debt because of better protection.) These have sold off rather sharply. Company just announced a cut in its dividend on common stock, which would save them money but company has been downgraded further into junk territory. Could fall further if there are poor business conditions for them.
COMMENT
Have just cut the dividend in half. Payout ratio of about 40%-45%. Would like the 10% payout if it is secure and the possibility of a lot of capital appreciation so he is going to do some number crunching.
HOLD
Stock is discounting a bad scenario regarding convertible dept and a stressed balance sheet. You are finding a bottom in the name. Does not think it will drop to zero.
COMMENT
Looked at this company years ago but never bought. Has done very well over all. Managed to sustain their high payout. Current yield is almost 20% and there are questions if it is sustainable. The high-yield is a dangerous sign.
HOLD
You will probably be alright. The issue is there are several business units, the dominant on of which is propane and has some seasonality with it. It just got thrown out with the bath water. Not a tremendous upside but you are OK on the dividend.
HOLD
There has been no good story on the 3 year chart. You have some support about 3 years ago. Don’t sell it and don’t average down. If it broke down with some volume by 3% by Friday, get out next week.
DON'T BUY
Doesn't own stocks but does own bonds. Like a lot of income trusts, they were so used to paying out high distributions they have trouble cutting back.. Paying out too much of their earnings and are rated below investment grade. Also exposed to US housing.
DON'T BUY
Propane, pulp chemicals and dry wall construction distribution. Last quarter was good with the cold winter. Feels their debt levels are too high. Regarding the dividend payout, it’s a higher risk.
COMMENT
Main business is propane and heating oil distribution in Canada and the US. Q1 earnings were pretty good but the balance sheet is still very stretched and payout ratio is higher than he likes. Yield of 10.5% is very good, but doesn’t expect much capital appreciation.
DON'T BUY
50-50 chance of dividend being secure. about 10%. Market suspects they can’t maintain it.
WAIT
15% dividend. Followed it on and off for years. It is not as juicy as it was previously because they cut their dividend. When a company cuts dividend, there is often more cuts, although not necessarily in this one. He would put this one in the watch camp.
DON'T BUY
Always has trouble with their model. Mish-mash mix of business such as propane, building materials, chemicals, etc. Could never understand the advantage of having that together. Doesn’t thinks the operational performance is there.
DON'T BUY
Leading propane and heating oil distributor in North America. A little cautious on this name. Has reduced guidance over a number of quarters. Payout ratio is over 100%. Questions if the dividend needs to be readjusted. About 13% yield.
HOLD
Doesn’t expect dividend to go up. It’s a matter of when the dividend will be cut. 14% yield is a warning right there.
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