SP Plus Corporation provides professional parking, ground transportation, facility maintenance, security and event logistics services to property owners and managers in all markets of the real estate industry. The company was founded in 1929 and is based in Chicago, Illinois.
SP Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for SP Plus Corp. To summarize, we found that SP Plus Corp ranked in the 19th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. In terms of the factors that were most noteworthy in this DCF analysis for SP, they are:
The compound growth rate in the free cash flow of SP Plus Corp over the past 5.68 years is 0.01%; that's higher than only 22.55% of free cash flow generating stocks in the Industrials sector.
49% of the company's capital comes from equity, which is greater than merely 22.78% of stocks in our cash flow based forecasting set.
SP Plus Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -10.4. This coverage rate is greater than that of merely 8.52% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Industrials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as SP, try FSTR, CP, MWA, NNBR, and SOTK.
SP Plus Corporation (SP) Q2 2020 Earnings Conference Call August 06, 2020 05:00 PM ET Company Participants Kris Roy - Chief Financial Officer Marc Baumann - President and Chief Executive Officer Conference Call Participants Daniel Moore - CJS Securities Sam Kusswurm - William Blair Kevin Steinke - Barrington Research Marc...
CHICAGO, July 23, 2020 (GLOBE NEWSWIRE) -- SP Plus Corporation (NASDAQ: SP) today announced that it expects to release second quarter 2020 earnings on Thursday, August 6, 2020, after the close of market. Later that same day, the Company will host a conference call at 4:00 PM (Central Time) that can be accessed via webcast at http://ir.spplus.com. To listen to the live call, individuals are directed to the investor relations section of the company’s website, www.spplus.com, at least fifteen minutes early to register, download and install any necessary audio software. For those who cannot listen to the live broadcast, replays will be available shortly after the call on the website and accessible for 30 days.About SP+SP+ facilitates the efficient movement of people, vehicles and persona...