Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash-to-Debt 0.14
SP's Cash-to-Debt is ranked lower than
85% of the 708 Companies
in the Global Business Services industry.

( Industry Median: 1.37 vs. SP: 0.14 )
Ranked among companies with meaningful Cash-to-Debt only.
SP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03  Med: 0.08 Max: No Debt
Current: 0.14
0.03
No Debt
Equity-to-Asset 0.40
SP's Equity-to-Asset is ranked lower than
68% of the 690 Companies
in the Global Business Services industry.

( Industry Median: 0.50 vs. SP: 0.40 )
Ranked among companies with meaningful Equity-to-Asset only.
SP' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.9  Med: 0.14 Max: 0.4
Current: 0.4
-0.9
0.4
Debt-to-Equity 0.57
SP's Debt-to-Equity is ranked lower than
56% of the 490 Companies
in the Global Business Services industry.

( Industry Median: 0.47 vs. SP: 0.57 )
Ranked among companies with meaningful Debt-to-Equity only.
SP' s Debt-to-Equity Range Over the Past 10 Years
Min: -749.41  Med: 1.79 Max: 121.69
Current: 0.57
-749.41
121.69
Debt-to-EBITDA 1.63
SP's Debt-to-EBITDA is ranked higher than
58% of the 478 Companies
in the Global Business Services industry.

( Industry Median: 2.03 vs. SP: 1.63 )
Ranked among companies with meaningful Debt-to-EBITDA only.
SP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.63  Med: 2.99 Max: 17.85
Current: 1.63
1.63
17.85
Interest Coverage 8.58
SP's Interest Coverage is ranked lower than
72% of the 605 Companies
in the Global Business Services industry.

( Industry Median: 23.92 vs. SP: 8.58 )
Ranked among companies with meaningful Interest Coverage only.
SP' s Interest Coverage Range Over the Past 10 Years
Min: 0.82  Med: 4.86 Max: 8.58
Current: 8.58
0.82
8.58
Piotroski F-Score: 7
Altman Z-Score: 3.67
Beneish M-Score: -2.48
WACC vs ROIC
7.71%
11.68%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating Margin % 4.90
SP's Operating Margin % is ranked lower than
56% of the 701 Companies
in the Global Business Services industry.

( Industry Median: 5.58 vs. SP: 4.90 )
Ranked among companies with meaningful Operating Margin % only.
SP' s Operating Margin % Range Over the Past 10 Years
Min: 0.74  Med: 3.66 Max: 5.72
Current: 4.9
0.74
5.72
Net Margin % 2.58
SP's Net Margin % is ranked lower than
59% of the 701 Companies
in the Global Business Services industry.

( Industry Median: 3.61 vs. SP: 2.58 )
Ranked among companies with meaningful Net Margin % only.
SP' s Net Margin % Range Over the Past 10 Years
Min: 0.14  Med: 1.78 Max: 2.79
Current: 2.58
0.14
2.79
ROE % 15.35
SP's ROE % is ranked higher than
69% of the 681 Companies
in the Global Business Services industry.

( Industry Median: 8.17 vs. SP: 15.35 )
Ranked among companies with meaningful ROE % only.
SP' s ROE % Range Over the Past 10 Years
Min: 1.18  Med: 26.9 Max: 178.76
Current: 15.35
1.18
178.76
ROA % 5.56
SP's ROA % is ranked higher than
61% of the 712 Companies
in the Global Business Services industry.

( Industry Median: 3.29 vs. SP: 5.56 )
Ranked among companies with meaningful ROA % only.
SP' s ROA % Range Over the Past 10 Years
Min: 0.23  Med: 4.47 Max: 8.57
Current: 5.56
0.23
8.57
ROC (Joel Greenblatt) % 280.05
SP's ROC (Joel Greenblatt) % is ranked higher than
90% of the 701 Companies
in the Global Business Services industry.

( Industry Median: 20.87 vs. SP: 280.05 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
SP' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 25.8  Med: 161.28 Max: 280.05
Current: 280.05
25.8
280.05
3-Year Revenue Growth Rate 2.80
SP's 3-Year Revenue Growth Rate is ranked lower than
57% of the 614 Companies
in the Global Business Services industry.

( Industry Median: 4.50 vs. SP: 2.80 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
SP' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: 3.8 Max: 14.5
Current: 2.8
0
14.5
3-Year EBITDA Growth Rate 5.00
SP's 3-Year EBITDA Growth Rate is ranked higher than
52% of the 544 Companies
in the Global Business Services industry.

( Industry Median: 4.50 vs. SP: 5.00 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
SP' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: 0  Med: -2.2 Max: 35.2
Current: 5
0
35.2
3-Year EPS without NRI Growth Rate 24.00
SP's 3-Year EPS without NRI Growth Rate is ranked higher than
77% of the 500 Companies
in the Global Business Services industry.

( Industry Median: 6.30 vs. SP: 24.00 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
SP' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: 0  Med: -37.65 Max: 112.7
Current: 24
0
112.7
GuruFocus has detected 5 Warning Signs with SP Plus Corp SP.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» SP's 30-Y Financials

Financials (Next Earnings Date: 2018-02-22)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q4 2016

SP Guru Trades in Q4 2016

Third Avenue Management 169,423 sh (+38.36%)
Jim Simons 272,300 sh (+33.61%)
Joel Greenblatt 11,855 sh (+29.76%)
Charles Brandes 16,520 sh (unchged)
» More
Q1 2017

SP Guru Trades in Q1 2017

Jim Simons 343,100 sh (+26.00%)
Third Avenue Management 169,423 sh (unchged)
Charles Brandes Sold Out
Joel Greenblatt 11,599 sh (-2.16%)
» More
Q2 2017

SP Guru Trades in Q2 2017

Paul Tudor Jones 12,498 sh (New)
Joel Greenblatt 34,374 sh (+196.35%)
Jim Simons 428,500 sh (+24.89%)
Third Avenue Management 198,423 sh (+17.12%)
» More
Q3 2017

SP Guru Trades in Q3 2017

Joel Greenblatt 70,086 sh (+103.89%)
Third Avenue Management 166,523 sh (-16.08%)
Paul Tudor Jones 10,160 sh (-18.71%)
Jim Simons 347,592 sh (-18.88%)
» More
» Details

Insider Trades

Latest Guru Trades with SP

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Third Avenue Management 2017-09-30 Reduce -16.08%0.04%$29.7 - $39.75 $ 41.3518%166,523
Joel Greenblatt 2017-09-30 Add 103.89%0.02%$29.7 - $39.75 $ 41.3518%70,086
Third Avenue Management 2017-06-30 Add 17.12%0.04%$28.3 - $35.05 $ 41.3533%198,423
Joel Greenblatt 2017-06-30 Add 196.35%0.01%$28.3 - $35.05 $ 41.3533%34,374
Joel Greenblatt 2017-03-31 Reduce -2.16%$27.4 - $35.55 $ 41.3535%11,599
Charles Brandes 2017-03-31 Sold Out 0.01%$27.4 - $35.55 $ 41.3535%0
Premium More recent guru trades are included for Premium Members only!!
Premium More recent guru trades are included for USA Subscribe Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Business Description

Industry: Business Services » Business Services    NAICS: 812930    SIC: 7521
Compare:ASX:IPH, NAS:CATM, NYSE:CBZ, LSE:PAY, TSE:2170, OHEL:CAV1V, LSE:DLAR, LSE:RPS, SZSE:300209, TSE:4708, LSE:RST, NAS:FORR, SZSE:000996, XPAR:IDL, XPAR:MAN, NYSE:NCI, NAS:HURN, TSE:4337, TSE:6183, NYSE:ATTO » details
Headquarter Location:USA
SP Plus Corp is a provider of parking management, ground transportation and other ancillary services to commercial, institutional and municipal clients in the United States Puerto Rico and Canada.

SP Plus Corp is a provider of parking management, ground transportation and other ancillary services to commercial, institutional and municipal clients in the United States Puerto Rico and Canada.

Guru Investment Theses on SP Plus Corp

Third Avenue Small-Cap Value Fund Comments on SP Plus - Sep 14, 2016

After merging with Central Parking in 2013, effectively doubling its size, SP Plus (NASDAQ:SP) ("SP") is now the largest parking company in the U.S. In its main business, which contributes about 72% of total EBITDA, SP Plus manages 3,900 parking facilities encompassing some 2 million parking spaces in 346 cities around the country. Its clients include property owners and institutions such as municipalities, corporations, hotels, hospitals and universities. The company earns fees based on its general parking and labor management expertise. The revenue base is very stable because most of the contracts are independent of volume. SP leases about 20% of the garages and assumes all business risks. In its corporate name, the word "Plus" refers to related services like managing airport parking and

We like this company because of its cash flow stability, consolidation opportunities for stronger players, and economies of scale. Some 90% of contracts are renewed each year. Since the company collects money from parkers upfront and keeps its share before submitting the remaining to clients, the business doesn't require working capital. While it is the largest player, SP's market share is only about 10%, which leaves plenty of opportunity for growth through mergers and acquisitions. Being larger helps establish brand names and also offers advantages on schedule optimization and purchases.

We are particularly interested in SP at this time because management has completed the merger integration and now has started to focus on growth and improving margins and cash flows. Based on our estimate, we think the stock is worth at least $30 a share, with potential to be higher as management builds out its franchise.

From Third Avenue Management (Trades, Portfolio)'s Small Cap Value Fund third quarter 2016 commentary.

Check out Third Avenue Management,Martin Whitman latest stock trades

Ratios

vs
industry
vs
history
PE Ratio 21.56
SP's PE Ratio is ranked lower than
51% of the 539 Companies
in the Global Business Services industry.

( Industry Median: 22.56 vs. SP: 21.56 )
Ranked among companies with meaningful PE Ratio only.
SP' s PE Ratio Range Over the Past 10 Years
Min: 9.13  Med: 20.7 Max: 279.88
Current: 21.56
9.13
279.88
PE Ratio without NRI 21.56
SP's PE Ratio without NRI is ranked lower than
51% of the 540 Companies
in the Global Business Services industry.

( Industry Median: 22.56 vs. SP: 21.56 )
Ranked among companies with meaningful PE Ratio without NRI only.
SP' s PE Ratio without NRI Range Over the Past 10 Years
Min: 9.05  Med: 20.64 Max: 279.88
Current: 21.56
9.05
279.88
Price-to-Owner-Earnings 22.61
SP's Price-to-Owner-Earnings is ranked higher than
64% of the 353 Companies
in the Global Business Services industry.

( Industry Median: 20.30 vs. SP: 22.61 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
SP' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 8.39  Med: 15.27 Max: 240.42
Current: 22.61
8.39
240.42
PB Ratio 3.04
SP's PB Ratio is ranked lower than
59% of the 674 Companies
in the Global Business Services industry.

( Industry Median: 2.43 vs. SP: 3.04 )
Ranked among companies with meaningful PB Ratio only.
SP' s PB Ratio Range Over the Past 10 Years
Min: 1.89  Med: 5.27 Max: 338.5
Current: 3.04
1.89
338.5
PS Ratio 0.55
SP's PS Ratio is ranked higher than
76% of the 685 Companies
in the Global Business Services industry.

( Industry Median: 1.35 vs. SP: 0.55 )
Ranked among companies with meaningful PS Ratio only.
SP' s PS Ratio Range Over the Past 10 Years
Min: 0.29  Med: 0.39 Max: 0.77
Current: 0.55
0.29
0.77
Price-to-Free-Cash-Flow 21.41
SP's Price-to-Free-Cash-Flow is ranked higher than
64% of the 306 Companies
in the Global Business Services industry.

( Industry Median: 20.54 vs. SP: 21.41 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
SP' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 7.58  Med: 14.05 Max: 52.68
Current: 21.41
7.58
52.68
Price-to-Operating-Cash-Flow 18.36
SP's Price-to-Operating-Cash-Flow is ranked higher than
52% of the 382 Companies
in the Global Business Services industry.

( Industry Median: 14.09 vs. SP: 18.36 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
SP' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 6.67  Med: 11.54 Max: 58.87
Current: 18.36
6.67
58.87
EV-to-EBIT 13.16
SP's EV-to-EBIT is ranked higher than
61% of the 537 Companies
in the Global Business Services industry.

( Industry Median: 16.30 vs. SP: 13.16 )
Ranked among companies with meaningful EV-to-EBIT only.
SP' s EV-to-EBIT Range Over the Past 10 Years
Min: 9.8  Med: 13.45 Max: 118.7
Current: 13.16
9.8
118.7
EV-to-EBITDA 10.17
SP's EV-to-EBITDA is ranked higher than
62% of the 572 Companies
in the Global Business Services industry.

( Industry Median: 12.34 vs. SP: 10.17 )
Ranked among companies with meaningful EV-to-EBITDA only.
SP' s EV-to-EBITDA Range Over the Past 10 Years
Min: 7.8  Med: 10.2 Max: 38.7
Current: 10.17
7.8
38.7
EV-to-Revenue 0.64
SP's EV-to-Revenue is ranked higher than
76% of the 682 Companies
in the Global Business Services industry.

( Industry Median: 1.39 vs. SP: 0.64 )
Ranked among companies with meaningful EV-to-Revenue only.
SP' s EV-to-Revenue Range Over the Past 10 Years
Min: 0.4  Med: 0.5 Max: 0.9
Current: 0.64
0.4
0.9
PEG Ratio 1.31
SP's PEG Ratio is ranked higher than
63% of the 262 Companies
in the Global Business Services industry.

( Industry Median: 2.17 vs. SP: 1.31 )
Ranked among companies with meaningful PEG Ratio only.
SP' s PEG Ratio Range Over the Past 10 Years
Min: 0.87  Med: 2.46 Max: 160.14
Current: 1.31
0.87
160.14
Shiller PE Ratio 40.88
SP's Shiller PE Ratio is ranked lower than
69% of the 159 Companies
in the Global Business Services industry.

( Industry Median: 29.52 vs. SP: 40.88 )
Ranked among companies with meaningful Shiller PE Ratio only.
SP' s Shiller PE Ratio Range Over the Past 10 Years
Min: 13.7  Med: 21.48 Max: 41.13
Current: 40.88
13.7
41.13
Current Ratio 0.75
SP's Current Ratio is ranked lower than
92% of the 676 Companies
in the Global Business Services industry.

( Industry Median: 1.59 vs. SP: 0.75 )
Ranked among companies with meaningful Current Ratio only.
SP' s Current Ratio Range Over the Past 10 Years
Min: 0.53  Med: 0.8 Max: 1.03
Current: 0.75
0.53
1.03
Quick Ratio 0.75
SP's Quick Ratio is ranked lower than
88% of the 676 Companies
in the Global Business Services industry.

( Industry Median: 1.47 vs. SP: 0.75 )
Ranked among companies with meaningful Quick Ratio only.
SP' s Quick Ratio Range Over the Past 10 Years
Min: 0.53  Med: 0.8 Max: 1.03
Current: 0.75
0.53
1.03
Days Sales Outstanding 27.40
SP's Days Sales Outstanding is ranked higher than
84% of the 552 Companies
in the Global Business Services industry.

( Industry Median: 60.41 vs. SP: 27.40 )
Ranked among companies with meaningful Days Sales Outstanding only.
SP' s Days Sales Outstanding Range Over the Past 10 Years
Min: 23.21  Med: 25.71 Max: 42.66
Current: 27.4
23.21
42.66
Days Payable 23.76
SP's Days Payable is ranked lower than
63% of the 454 Companies
in the Global Business Services industry.

( Industry Median: 38.83 vs. SP: 23.76 )
Ranked among companies with meaningful Days Payable only.
SP' s Days Payable Range Over the Past 10 Years
Min: 23.76  Med: 28.29 Max: 55.62
Current: 23.76
23.76
55.62

Buy Back

vs
industry
vs
history
5-Year Yield-on-Cost % 2.20
SP's 5-Year Yield-on-Cost % is ranked lower than
63% of the 829 Companies
in the Global Business Services industry.

( Industry Median: 3.01 vs. SP: 2.20 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
SP' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0  Med: 0 Max: 0
Current: 2.2
3-Year Average Share Buyback Ratio -0.60
SP's 3-Year Average Share Buyback Ratio is ranked higher than
61% of the 454 Companies
in the Global Business Services industry.

( Industry Median: -1.70 vs. SP: -0.60 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
SP' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -12.7  Med: 5.4 Max: 0
Current: -0.6
-12.7
0

Valuation & Return

vs
industry
vs
history
Price-to-Intrinsic-Value-Projected-FCF 1.69
SP's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
53% of the 344 Companies
in the Global Business Services industry.

( Industry Median: 1.51 vs. SP: 1.69 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
SP' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.7  Med: 1.32 Max: 40.37
Current: 1.69
0.7
40.37
Price-to-Intrinsic-Value-DCF (Earnings Based) 2.01
SP's Price-to-Intrinsic-Value-DCF (Earnings Based) is ranked lower than
64% of the 53 Companies
in the Global Business Services industry.

( Industry Median: 1.82 vs. SP: 2.01 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only.
SP' s Price-to-Intrinsic-Value-DCF (Earnings Based) Range Over the Past 10 Years
Min: 1.65  Med: 2.36 Max: 3.77
Current: 2.01
1.65
3.77
Price-to-Median-PS-Value 1.43
SP's Price-to-Median-PS-Value is ranked lower than
66% of the 598 Companies
in the Global Business Services industry.

( Industry Median: 1.15 vs. SP: 1.43 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
SP' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.47  Med: 1 Max: 1.93
Current: 1.43
0.47
1.93
Price-to-Peter-Lynch-Fair-Value 1.11
SP's Price-to-Peter-Lynch-Fair-Value is ranked higher than
63% of the 158 Companies
in the Global Business Services industry.

( Industry Median: 1.55 vs. SP: 1.11 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
SP' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.97  Med: 2.38 Max: 4.16
Current: 1.11
0.97
4.16
Earnings Yield (Greenblatt) % 7.56
SP's Earnings Yield (Greenblatt) % is ranked higher than
70% of the 707 Companies
in the Global Business Services industry.

( Industry Median: 4.52 vs. SP: 7.56 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
SP' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 0.8  Med: 7.4 Max: 10.2
Current: 7.56
0.8
10.2
Forward Rate of Return (Yacktman) % 22.84
SP's Forward Rate of Return (Yacktman) % is ranked higher than
78% of the 377 Companies
in the Global Business Services industry.

( Industry Median: 10.46 vs. SP: 22.84 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
SP' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -1.6  Med: 12.9 Max: 23.6
Current: 22.84
-1.6
23.6

More Statistics

Revenue (TTM) (Mil) $1,664.00
EPS (TTM) $ 1.92
Beta1.03
Short Percentage of Float1.02%
52-Week Range $27.05 - 41.60
Shares Outstanding (Mil)22.52

Analyst Estimate

Dec17 Dec18
Revenue (Mil $) 907 916
EPS ($) 1.67 1.78
EPS without NRI ($) 1.67 1.78
EPS Growth Rate
(Future 3Y To 5Y Estimate)
10.00%
Dividends per Share ($)

Piotroski F-Score Details

Piotroski F-Score: 77
Positive ROAY
Positive CFROAY
Higher ROA yoyY
CFROA > ROAY
Lower Leverage yoyY
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyY
Higher Asset Turnover yoyY

Personalized Checklist

Checklist has been moved to "Checklist" tab.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}