Superior Plus Corp (SPB) - Net Assets

Latest as of December 2025: CA$807.00 Million CAD ≈ $583.77 Million USD

Based on the latest financial reports, Superior Plus Corp (SPB) has net assets worth CA$807.00 Million CAD (≈ $583.77 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CA$3.59 Billion ≈ $2.60 Billion USD) and total liabilities (CA$2.78 Billion ≈ $2.01 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Superior Plus Corp liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets CA$807.00 Million
% of Total Assets 22.49%
Annual Growth Rate 1.77%
5-Year Change -38.5%
10-Year Change -13.09%
Growth Volatility 22.83

Superior Plus Corp - Net Assets Trend (1998–2025)

This chart illustrates how Superior Plus Corp's net assets have evolved over time, based on quarterly financial data. Also explore how large is Superior Plus Corp's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Superior Plus Corp (1998–2025)

The table below shows the annual net assets of Superior Plus Corp from 1998 to 2025. For live valuation and market cap data, see market cap of Superior Plus Corp.

Year Net Assets Change
2025-12-31 CA$807.00 Million
≈ $583.77 Million		 -29.57%
2024-12-31 CA$1.15 Billion
≈ $828.85 Million		 -35.30%
2023-12-31 CA$1.77 Billion
≈ $1.28 Billion		 +21.25%
2022-12-31 CA$1.46 Billion
≈ $1.06 Billion		 +11.30%
2021-12-31 CA$1.31 Billion
≈ $949.23 Million		 +2.51%
2020-12-31 CA$1.28 Billion
≈ $926.00 Million		 +23.21%
2019-12-31 CA$1.04 Billion
≈ $751.60 Million		 -4.58%
2018-12-31 CA$1.09 Billion
≈ $787.69 Million		 +40.32%
2017-12-31 CA$776.00 Million
≈ $561.35 Million		 -16.43%
2016-12-31 CA$928.60 Million
≈ $671.74 Million		 +30.11%
2015-12-31 CA$713.70 Million
≈ $516.28 Million		 +29.67%
2014-12-31 CA$550.40 Million
≈ $398.15 Million		 +1.89%
2013-12-31 CA$540.20 Million
≈ $390.77 Million		 +41.08%
2012-12-31 CA$382.90 Million
≈ $276.98 Million		 +9.53%
2011-12-31 CA$349.60 Million
≈ $252.90 Million		 -22.33%
2010-12-31 CA$450.10 Million
≈ $325.60 Million		 -22.99%
2009-12-31 CA$584.50 Million
≈ $422.82 Million		 +1.79%
2008-12-31 CA$574.20 Million
≈ $415.37 Million		 -6.89%
2007-12-31 CA$616.70 Million
≈ $446.11 Million		 +3.54%
2006-12-31 CA$595.60 Million
≈ $430.85 Million		 -25.82%
2005-12-31 CA$802.90 Million
≈ $580.81 Million		 +19.85%
2004-12-31 CA$669.90 Million
≈ $484.60 Million		 -19.89%
2003-12-31 CA$836.20 Million
≈ $604.89 Million		 +27.51%
2002-12-31 CA$655.80 Million
≈ $474.40 Million		 +46.17%
2001-12-31 CA$448.66 Million
≈ $324.56 Million		 +12.82%
2000-12-31 CA$397.70 Million
≈ $287.69 Million		 -10.40%
1999-12-31 CA$443.86 Million
≈ $321.08 Million		 -11.62%
1998-12-31 CA$502.24 Million
≈ $363.31 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Superior Plus Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have decreased by 159572200000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Common Stock CA$2.45 Billion 303.22%
Total Equity CA$807.00 Million 100.00%

Superior Plus Corp Competitors by Market Cap

The table below lists competitors of Superior Plus Corp ranked by their market capitalization.

Company Market Cap
GuangYuYuan Chinese Herbal Medicine Co Ltd
SHG:600771
 $1.20 Billion
IDT Corporation
NYSE:IDT
 $1.20 Billion
Shaanxi Heimao Coking Co Ltd
SHG:601015
 $1.20 Billion
Hotai Finance Corp
TW:6592
 $1.20 Billion
MoonLake Immunotherapeutics
NASDAQ:MLTX
 $1.20 Billion
UOA Development Bhd
KLSE:5200
 $1.20 Billion
EcoRodovias Infraestrutura e Logística S.A
SA:ECOR3
 $1.20 Billion
Gold.com, Inc.
NASDAQ:GOLD
 $1.20 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Superior Plus Corp's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 885,800,000 to 807,000,000, a change of -78,800,000 (-8.9%).
  • Net income of 60,800,000 contributed positively to equity growth.
  • Dividend payments of 48,300,000 reduced retained earnings.
  • Share repurchases of 99,400,000 reduced equity.
  • Other comprehensive income increased equity by 11,793,240.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CA$60.80 Million +7.53%
Dividends Paid CA$48.30 Million -5.99%
Share Repurchases CA$99.40 Million -12.32%
Other Comprehensive Income CA$11.79 Million +1.46%
Other Changes CA$-3.69 Million -0.46%
Total Change CA$- -8.90%

Book Value vs Market Value Analysis

This analysis compares Superior Plus Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 2.02x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has increased from 0.65x to 2.02x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1998-12-31 CA$11.47 CA$7.44 x
1999-12-31 CA$9.69 CA$7.44 x
2000-12-31 CA$8.68 CA$7.44 x
2001-12-31 CA$9.80 CA$7.44 x
2002-12-31 CA$12.42 CA$7.44 x
2003-12-31 CA$10.89 CA$7.44 x
2004-12-31 CA$9.12 CA$7.44 x
2005-12-31 CA$9.84 CA$7.44 x
2006-12-31 CA$6.93 CA$7.44 x
2007-12-31 CA$7.10 CA$7.44 x
2008-12-31 CA$6.50 CA$7.44 x
2009-12-31 CA$6.42 CA$7.44 x
2010-12-31 CA$4.26 CA$7.44 x
2011-12-31 CA$3.20 CA$7.44 x
2012-12-31 CA$3.42 CA$7.44 x
2013-12-31 CA$4.19 CA$7.44 x
2014-12-31 CA$4.14 CA$7.44 x
2015-12-31 CA$5.53 CA$7.44 x
2016-12-31 CA$6.28 CA$7.44 x
2017-12-31 CA$5.43 CA$7.44 x
2018-12-31 CA$6.89 CA$7.44 x
2019-12-31 CA$5.94 CA$7.44 x
2020-12-31 CA$5.00 CA$7.44 x
2021-12-31 CA$5.59 CA$7.44 x
2022-12-31 CA$5.69 CA$7.44 x
2023-12-31 CA$5.51 CA$7.44 x
2024-12-31 CA$3.56 CA$7.44 x
2025-12-31 CA$3.69 CA$7.44 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Superior Plus Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 7.53%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 2.47%
  • • Asset Turnover: 0.69x
  • • Equity Multiplier: 4.45x
  • Recent ROE (7.53%) is above the historical average (2.52%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1998 5.71% 7.29% 0.49x 1.58x CA$-21.53 Million
1999 2.53% 2.65% 0.53x 1.81x CA$-33.16 Million
2000 6.75% 4.01% 0.79x 2.13x CA$-12.93 Million
2001 8.33% 4.75% 1.20x 1.46x CA$-7.48 Million
2002 10.49% 10.73% 0.46x 2.12x CA$3.22 Million
2003 0.61% 0.41% 0.86x 1.72x CA$-78.52 Million
2004 13.90% 7.24% 0.83x 2.31x CA$26.12 Million
2005 11.15% 5.07% 0.76x 2.90x CA$9.24 Million
2006 -8.02% -2.46% 1.27x 2.58x CA$-107.33 Million
2007 19.66% 5.07% 1.55x 2.50x CA$59.59 Million
2008 11.00% 2.72% 1.15x 3.53x CA$5.75 Million
2009 11.11% 3.04% 0.94x 3.89x CA$6.48 Million
2010 -16.84% -2.14% 1.44x 5.44x CA$-120.79 Million
2011 -85.14% -7.74% 1.75x 6.27x CA$-332.59 Million
2012 23.55% 2.49% 1.78x 5.32x CA$51.87 Million
2013 9.68% 1.41% 1.74x 3.96x CA$-1.74 Million
2014 9.35% 1.43% 1.70x 3.84x CA$-3.57 Million
2015 2.68% 1.15% 0.78x 3.00x CA$-52.24 Million
2016 9.32% 5.70% 0.82x 1.99x CA$-6.32 Million
2017 -2.83% -1.17% 0.80x 3.01x CA$-99.54 Million
2018 -2.29% -1.24% 0.55x 3.35x CA$-133.86 Million
2019 10.31% 5.00% 0.59x 3.50x CA$3.20 Million
2020 6.20% 4.16% 0.37x 4.03x CA$-36.09 Million
2021 14.58% 7.64% 0.53x 3.62x CA$45.07 Million
2022 -7.57% -3.33% 0.56x 4.04x CA$-194.65 Million
2023 2.72% 1.54% 0.49x 3.63x CA$-103.81 Million
2024 -3.95% -1.54% 0.62x 4.16x CA$-123.61 Million
2025 7.53% 2.47% 0.69x 4.45x CA$-19.90 Million

Industry Comparison

This section compares Superior Plus Corp's net assets metrics with peer companies in the Utilities - Regulated Gas industry.

Industry Context

  • Industry: Utilities - Regulated Gas
  • Average net assets among peers: $223,981,000
  • Average return on equity (ROE) among peers: 11.18%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Superior Plus Corp (SPB) CA$807.00 Million 5.71% 3.45x $1.20 Billion
CF Energy Corp (CFY) $223.98 Million 11.18% 2.24x $4.53 Million

About Superior Plus Corp

TO:SPB Canada Utilities - Regulated Gas
Market Cap
$1.20 Billion
CA$1.66 Billion CAD
Market Cap Rank
#8336 Global
#248 in Canada
Share Price
CA$7.44
Change (1 day)
-0.80%
52-Week Range
CA$6.28 - CA$8.28
All Time High
CA$12.70
Categories
Companies in Canada Utilities - Regulated Gas
About

Superior Plus Corp. distributes propane, compressed natural gas, and renewable energy and related products and services in the United States and Canada. The company operates through four segments: United States Retail Propane Distribution (U.S. Propane), Canadian Retail Propane Distribution (Canadian Propane), North American Wholesale Propane Distribution (Wholesale Propane), and Compressed Natur… Read more