company background image
SSA

Spectra Products TSXV:SSA Stock Report

Last Price

CA$0.035

Market Cap

CA$2.7m

7D

0%

1Y

-22.2%

Updated

28 Jun, 2022

Data

Company Financials
SSA fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

SSA Stock Overview

Spectra Products Inc. manufactures and markets bus and truck transportation safety equipment in Canada, China, and the United States.

Spectra Products Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Spectra Products
Historical stock prices
Current Share PriceCA$0.035
52 Week HighCA$0.05
52 Week LowCA$0.03
Beta0.44
1 Month Change0%
3 Month Change-12.50%
1 Year Change-22.22%
3 Year Change-30.00%
5 Year Change250.00%
Change since IPO-80.56%

Recent News & Updates

Apr 13
Does Spectra Products (CVE:SSA) Deserve A Spot On Your Watchlist?

Does Spectra Products (CVE:SSA) Deserve A Spot On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Shareholder Returns

SSACA Auto ComponentsCA Market
7D0%1.5%-0.4%
1Y-22.2%-34.1%-2.9%

Return vs Industry: SSA exceeded the Canadian Auto Components industry which returned -33.6% over the past year.

Return vs Market: SSA underperformed the Canadian Market which returned -2.6% over the past year.

Price Volatility

Is SSA's price volatile compared to industry and market?
SSA volatility
SSA Average Weekly Movement13.0%
Auto Components Industry Average Movement5.7%
Market Average Movement10.1%
10% most volatile stocks in CA Market17.3%
10% least volatile stocks in CA Market4.4%

Stable Share Price: SSA is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: SSA's weekly volatility (13%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1994n/aAndy Malionhttps://www.spectraproducts.ca

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 product. The company also provides Brake Safe, a visual brake stroke indicator system that permits vehicle drivers and maintenance personnel to visually determine the brake adjustment condition of a truck, trailer or bus equipped with an air activated brake system; and Brake Inspector, an electronic version of Brake Safe, which offers an in-cab display of air brake status and permits the diagnosis of various existing and potential brake problems.

Spectra Products Fundamentals Summary

How do Spectra Products's earnings and revenue compare to its market cap?
SSA fundamental statistics
Market CapCA$2.67m
Earnings (TTM)CA$236.66k
Revenue (TTM)CA$1.56m

11.3x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SSA income statement (TTM)
RevenueCA$1.56m
Cost of RevenueCA$730.41k
Gross ProfitCA$829.32k
Other ExpensesCA$592.66k
EarningsCA$236.66k

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.0031
Gross Margin53.17%
Net Profit Margin15.17%
Debt/Equity Ratio0%

How did SSA perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SSA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SSA?

Other financial metrics that can be useful for relative valuation.

SSA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA4.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does SSA's PE Ratio compare to its peers?

SSA PE Ratio vs Peers
The above table shows the PE ratio for SSA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average39.6x
XTC Exco Technologies
13.8x53.1%CA$326.5m
MRE Martinrea International
32x105.5%CA$715.3m
520141 Sibar Auto Parts
111.2xn/a₹135.3m
BZR Balkancar ZARYA
1.3xn/aлв2.2m
SSA Spectra Products
11.3xn/aCA$2.7m

Price-To-Earnings vs Peers: SSA is good value based on its Price-To-Earnings Ratio (11.3x) compared to the peer average (39.6x).


Price to Earnings Ratio vs Industry

How does SSA's PE Ratio compare vs other companies in the North American Auto Components Industry?

Price-To-Earnings vs Industry: SSA is good value based on its Price-To-Earnings Ratio (11.3x) compared to the Canadian Auto Components industry average (13.5x)


Price to Earnings Ratio vs Fair Ratio

What is SSA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SSA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SSA's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of SSA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SSA (CA$0.04) is trading below our estimate of fair value (CA$0.06)

Significantly Below Fair Value: SSA is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

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


Discover undervalued companies

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


23.7%

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.


Discover growth companies

  • 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.

Past Performance

How has Spectra Products performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


17.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SSA has high quality earnings.

Growing Profit Margin: SSA's current net profit margins (15.2%) are lower than last year (18.3%).


Past Earnings Growth Analysis

Earnings Trend: SSA's earnings have grown by 17.3% per year over the past 5 years.

Accelerating Growth: SSA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: SSA had negative earnings growth (-16.5%) over the past year, making it difficult to compare to the Auto Components industry average (9.5%).


Return on Equity

High ROE: SSA's Return on Equity (13.3%) is considered low.


Discover strong past performing companies

Financial Health

How is Spectra Products's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SSA's short term assets (CA$1.7M) exceed its short term liabilities (CA$121.0K).

Long Term Liabilities: SSA's short term assets (CA$1.7M) exceed its long term liabilities (CA$144.7K).


Debt to Equity History and Analysis

Debt Level: SSA has more cash than its total debt.

Reducing Debt: SSA had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: SSA's debt is well covered by operating cash flow (3589580%).

Interest Coverage: SSA's interest payments on its debt are well covered by EBIT (63.8x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Spectra Products's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SSA has not reported any payouts.


Discover strong dividend paying companies

Management

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

3.2yrs

Average board tenure


CEO

Andy Malion

no data

Tenure

CA$90,492

Compensation

Mr. Andrew J. Malion, also known as Andy, 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 S...


CEO Compensation Analysis

Compensation vs Market: Andy's total compensation ($USD70.20K) is below average for companies of similar size in the Canadian market ($USD174.76K).

Compensation vs Earnings: Andy's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: SSA's board of directors are considered experienced (3.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: SSA insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Spectra Products Inc.'s 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
  • Implied Market Cap: CA$2.670m
  • Shares outstanding: 76.28m
  • Website: https://www.spectraproducts.ca

Location

  • Spectra Products Inc.
  • 41 Horner Avenue
  • Unit 2
  • Toronto
  • Ontario
  • M8Z 4X4
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/28 00:00
End of Day Share Price2022/06/28 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.