ASX:SP3

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Spectur Limited designs, develops, manufactures, and sells remote solar sensing, thinking, and acting platforms, and related products and services in Australia. More Details


Snowflake Analysis

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

How has Spectur's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SP3 is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 15% a week.

Volatility Over Time: SP3's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of Australian stocks.


Market Performance


7 Day Return

0%

SP3

5.3%

AU Electronic

1.5%

AU Market


1 Year Return

-21.0%

SP3

40.6%

AU Electronic

-1.7%

AU Market

Return vs Industry: SP3 underperformed the Australian Electronic industry which returned 39.6% over the past year.

Return vs Market: SP3 underperformed the Australian Market which returned -1.3% over the past year.


Shareholder returns

SP3IndustryMarket
7 Day0%5.3%1.5%
30 Day12.2%12.6%2.4%
90 Day59.6%9.5%11.1%
1 Year-21.0%-21.0%44.1%40.6%1.6%-1.7%
3 Year-78.4%-78.4%138.9%122.3%26.3%10.8%
5 Yearn/a218.9%192.2%69.6%35.4%

Long-Term Price Volatility Vs. Market

How volatile is Spectur's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Spectur undervalued compared to its fair value and its price relative to the market?

2.48x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SP3's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SP3's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SP3 is unprofitable, so we can't compare its PE Ratio to the XO Electronic industry average.

PE vs Market: SP3 is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SP3's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SP3 is good value based on its PB Ratio (2.5x) compared to the AU Electronic industry average (4x).


Next Steps

Future Growth

How is Spectur forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.8%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Spectur has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Spectur performed over the past 5 years?

-36.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SP3 is currently unprofitable.

Growing Profit Margin: SP3 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SP3 is unprofitable, and losses have increased over the past 5 years at a rate of 36.2% per year.

Accelerating Growth: Unable to compare SP3's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SP3 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-0.9%).


Return on Equity

High ROE: SP3 has a negative Return on Equity (-64.01%), as it is currently unprofitable.


Next Steps

Financial Health

How is Spectur's financial position?


Financial Position Analysis

Short Term Liabilities: SP3's short term assets (A$2.9M) exceed its short term liabilities (A$1.2M).

Long Term Liabilities: SP3's short term assets (A$2.9M) exceed its long term liabilities (A$301.2K).


Debt to Equity History and Analysis

Debt Level: SP3's debt to equity ratio (3.7%) is considered satisfactory.

Reducing Debt: SP3's debt to equity ratio has reduced from 41.6% to 3.7% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: SP3 has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: SP3 has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 27.9% each year.


Next Steps

Dividend

What is Spectur current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SP3's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SP3's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SP3's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SP3's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SP3's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.5yrs

Average management tenure


CEO

Gerard Dyson

1.5yrs

Tenure

AU$349,252

Compensation

Dr. Gerard John Dyson has been Managing Director of Spectur Limited since July 01, 2019 and serves as its Executive Director. Dr. Dyson served as Executive General Manager of Spectur Ltd. from April 2019 t...


CEO Compensation Analysis

Compensation vs Market: Gerard's total compensation ($USD268.76K) is about average for companies of similar size in the Australian market ($USD293.45K).

Compensation vs Earnings: Gerard's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Gerard Dyson
MD & Executive Director1.5yrsAU$349.25k1.38%
A$ 119.9k
Frederik Mare
Financial Controller0.25yrno datano data
Gary Pennefather
Chief Operating Officer1.5yrsno datano data
Suzie Foreman
Company Secretary3.58yrsAU$2.03kno data

1.5yrs

Average Tenure

Experienced Management: SP3's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Gerard Dyson
MD & Executive Director1.5yrsAU$349.25k1.38%
A$ 119.9k
Darren Cooper
Independent Non-Executive Chairman2.25yrsAU$79.20k2.05%
A$ 178.5k
Biljana Smith
Independent Non-Executive Director1.25yrsAU$31.29k0.71%
A$ 61.5k

1.5yrs

Average Tenure

Experienced Board: SP3's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 40.6%.


Top Shareholders

Company Information

Spectur Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Spectur Limited
  • Ticker: SP3
  • Exchange: ASX
  • Founded: 2009
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: AU$8.717m
  • Shares outstanding: 106.31m
  • Website: https://www.spectur.com.au

Number of Employees


Location

  • Spectur Limited
  • 12 Fargo Way
  • Welshpool
  • Western Australia
  • 6106
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SP3CHIA (Chi-X Australia)YesFully Paid Ordinary SharesAUAUDAug 2017
SP3ASX (Australian Securities Exchange)YesFully Paid Ordinary SharesAUAUDAug 2017

Biography

Spectur Limited designs, develops, manufactures, and sells remote solar sensing, thinking, and acting platforms, and related products and services in Australia. The company offers 3G/4G solar security, tim...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/20 07:09
End of Day Share Price2021/01/20 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.