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Superior Plus Corp
TSX:SPB

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Superior Plus Corp
TSX:SPB
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Price: 6.3 CAD -0.16% Market Closed
Market Cap: CA$1.4B

EV/EBITDA

6.9
Current
17%
Cheaper
vs 3-y median of 8.4

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
6.9
=
Enterprise Value
CA$3.2B
/
EBITDA
CA$454.2m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
6.9
=
Enterprise Value
CA$3.2B
/
EBITDA
CA$454.2m

Valuation Scenarios

Superior Plus Corp is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (8.4), the stock would be worth CA$7.63 (21% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+74%
Average Upside
44%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 6.9 CA$6.3
0%
3-Year Average 8.4 CA$7.63
+21%
5-Year Average 9.2 CA$8.38
+33%
Industry Average 12 CA$10.95
+74%
Country Average 10.2 CA$9.26
+47%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
CA$3.2B
/
Jan 2026
CA$454.2m
=
6.9
Current
CA$3.2B
/
Dec 2026
CA$476.8m
=
6.7
Forward
CA$3.2B
/
Dec 2027
CA$491.4m
=
6.5
Forward
CA$3.2B
/
Dec 2028
CA$509.6m
=
6.2
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
CA
Superior Plus Corp
TSX:SPB
1.4B CAD 6.9 22.7
US
Atmos Energy Corp
NYSE:ATO
30.9B USD 17 24.7
ES
Naturgy Energy Group SA
MAD:NTGY
24.7B EUR 6.6 12.2
IT
Snam SpA
MIL:SRG
21.9B EUR 12 17.3
HK
Hong Kong and China Gas Co Ltd
HKEX:3
133.8B HKD 20.9 23.5
JP
Osaka Gas Co Ltd
TSE:9532
2.4T JPY 9.2 12.6
JP
Tokyo Gas Co Ltd
TSE:9531
2.4T JPY 6.7 11.1
IT
Italgas SpA
MIL:IG
10.5B EUR 10.4 15.7
CA
AltaGas Ltd
TSX:ALA
15.4B CAD 13.5 20.4
IN
GAIL (India) Ltd
NSE:GAIL
1T INR 8.6 12
CN
ENN Natural Gas Co Ltd
SSE:600803
64.1B CNY 6.7 13.7

Market Distribution

Lower than 70% of companies in Canada
Percentile
30th
Based on 2 002 companies
30th percentile
6.9
Low
0 — 7
Typical Range
7 — 14.5
High
14.5 —
Distribution Statistics
Canada
Min 0
30th Percentile 7
Median 10.2
70th Percentile 14.5
Max 13 731.1

Superior Plus Corp
Glance View

Market Cap
1.4B CAD
Industry
Utilities

Superior Plus Corp., a stalwart in the energy distribution sector, embarks on a strategic journey through its two principal operating entities: the U.S. Propane Distribution and Canadian Propane Distribution businesses. In these segments, the company navigates a diverse portfolio of energy solutions, offering propane and other liquid fuels for residential, commercial, and industrial clientele. This multifaceted approach equips the firm with a reliable revenue stream, driven by the essential nature of its energy offerings. These types of fuels are often core for heating, cooking, and industrial processes, particularly in colder regions, securing a consistent demand that fosters stability in revenue generation. Headquartered in Toronto, Canada, Superior Plus artfully maneuvers the dynamics of supply and demand within North America's energy landscape, employing a keen strategy of strategic acquisitions and geographic expansion. The company furthers its mission by investing in complementary businesses that amplify its core offerings, enhancing efficiences and broadening its reach. With a keen eye on optimizing operational efficiencies, Superior Plus champions cost management while striving towards sustainable practices. Through this calculated balance of growth and operational rigor, the corporation solidifies its place in the energy market, adeptly converting its strategic initiatives into tangible shareholder value, all while maintaining an acute awareness of the ever-evolving energy needs of its diverse customer base.

SPB Intrinsic Value
14.12 CAD
Undervaluation 55%
Intrinsic Value
Price CA$6.3
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