SUUIF - Superior Plus: Several Catalysts Will Support Future EBITDA Growth
Investment Thesis
Superior Plus Corp. (SUUIF) (TSX:SPB) has several catalysts that should help support future EBITDA growth. These include: (1) synergies to be realized from its NGL Propane acquisition, (2) potential tuck-in acquisitions, and (3) favorable chlor-alkali fundamentals. Superior Plus is currently trading at an EV to EBITDA ratio below its peers. It pays a monthly dividend with an annualized dividend yield of 5.7%.
Source: YCharts
Superior Plus’ catalysts
Synergies to be realized from its NGL Propane acquisition
Prior to the acquisition of NGL Propane, Superior Plus only has about 1%