Spectra Products
Market Cap
CA$3.5m
Last Updated
2021/01/25 23:29 UTC
Data Sources
Company Financials
Executive Summary
Spectra Products Inc. manufactures and markets bus and truck transportation safety equipment in Canada, China, and the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record.
Share Price & News
How has Spectra Products's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SSA is more volatile than 90% of Canadian stocks over the past 3 months, typically moving +/- 24% a week.
Volatility Over Time: Insufficient data to determine SSA's volatility change over the past year.
Market Performance
7 Day Return
-10.0%
SSA
2.9%
CA Auto Components
-0.2%
CA Market
1 Year Return
-10.0%
SSA
42.8%
CA Auto Components
2.4%
CA Market
Return vs Industry: SSA underperformed the Canadian Auto Components industry which returned 42.8% over the past year.
Return vs Market: SSA underperformed the Canadian Market which returned 2.4% over the past year.
Shareholder returns
| SSA | Industry | Market | |
|---|---|---|---|
| 7 Day | -10.0% | 2.9% | -0.2% |
| 30 Day | 0% | 6.3% | 2.8% |
| 90 Day | 0% | 41.9% | 15.1% |
| 1 Year | -10.0%-10.0% | 47.1%42.8% | 6.1%2.4% |
| 3 Year | 80.0%80.0% | 36.8%26.9% | 14.7%3.8% |
| 5 Year | 125.0%125.0% | 101.9%79.8% | 62.6%37.5% |
Long-Term Price Volatility Vs. Market
How volatile is Spectra Products's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
With EPS Growth And More, Spectra Products (CVE:SSA) Is Interesting1 month ago | Simply Wall St
Is Weakness In Spectra Products Inc. (CVE:SSA) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?2 months ago | Simply Wall St
Calculating The Fair Value Of Spectra Products Inc. (CVE:SSA)Valuation
Is Spectra Products undervalued compared to its fair value and its price relative to the market?
19.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SSA (CA$0.05) is trading below our estimate of fair value (CA$0.06)
Significantly Below Fair Value: SSA is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SSA is good value based on its PE Ratio (4.9x) compared to the XN Auto Components industry average (27.8x).
PE vs Market: SSA is good value based on its PE Ratio (4.9x) compared to the Canadian market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SSA's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SSA is overvalued based on its PB Ratio (2.6x) compared to the CA Auto Components industry average (1.1x).
Next Steps
Future Growth
How is Spectra Products forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
33.6%
Forecasted Automobiles 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 Spectra Products 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
- Examine whether Spectra Products is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Spectra Products competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Automobiles industry.
Past Performance
How has Spectra Products performed over the past 5 years?
47.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SSA has a high level of non-cash earnings.
Growing Profit Margin: SSA's current net profit margins (45.4%) are higher than last year (18.5%).
Past Earnings Growth Analysis
Earnings Trend: SSA's earnings have grown significantly by 47.7% per year over the past 5 years.
Accelerating Growth: SSA's earnings growth over the past year (83.5%) exceeds its 5-year average (47.7% per year).
Earnings vs Industry: SSA earnings growth over the past year (83.5%) exceeded the Auto Components industry -10.3%.
Return on Equity
High ROE: SSA's Return on Equity (53.3%) is considered outstanding.
Next Steps
Financial Health
How is Spectra Products's financial position?
Financial Position Analysis
Short Term Liabilities: SSA's short term assets (CA$1.0M) exceed its short term liabilities (CA$122.3K).
Long Term Liabilities: SSA's short term assets (CA$1.0M) exceed its long term liabilities (CA$182.6K).
Debt to Equity History and Analysis
Debt Level: SSA is debt free.
Reducing Debt: SSA currently has no debt however we can't compare to 5 years ago as we have no data for that period.
Debt Coverage: SSA has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SSA has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Spectra Products's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SSA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SSA'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 SSA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SSA'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 SSA's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.5yrs
Average board tenure
CEO
Andrew Malion
no data
Tenure
CA$160,608
Compensation
Mr. Andrew J. Malion serves as President of Spectra Products Inc. (formerly known as Spectra Inc.) and serves as its Chairman since July 2019. He serves as Chief Executive Officer of Spectra Inc. and serve...
CEO Compensation Analysis
Compensation vs Market: Andrew's total compensation ($USD125.89K) is about average for companies of similar size in the Canadian market ($USD152.60K).
Compensation vs Earnings: Andrew's compensation has increased by more than 20% in the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | no data | CA$160.61k | 6.76% CA$ 234.6k | |
| Independent Director | 1.5yrs | CA$8.27k | 0.14% CA$ 4.7k | |
| Independent Director | 1.75yrs | CA$8.27k | 0.52% CA$ 18.0k |
1.5yrs
Average Tenure
Experienced Board: SSA'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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Spectra Products Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Spectra Products Inc.
- Ticker: SSA
- Exchange: TSXV
- Founded: 1994
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: CA$3.470m
- Shares outstanding: 77.11m
- Website: https://www.spectrainc.ca
Location
- Spectra Products Inc.
- 41 Horner Avenue
- Unit 2
- Toronto
- Ontario
- M8Z 4X4
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SSA | TSXV (TSX Venture Exchange) | Yes | Common Shares | CA | CAD | Feb 1995 |
| SPKT.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Feb 1995 |
Biography
Spectra Products Inc. manufactures and markets bus and truck transportation safety equipment in Canada, China, and the United States. It offers brake and wheel-end monitoring equipment as an after-market p...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/25 23:29 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.