TSXV:SSA

Stock Analysis Report

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Executive Summary

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


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 +/- 25% a week.

Volatility Over Time: Insufficient data to determine SSA's volatility change over the past year.


Market Performance


7 Day Return

0%

SSA

-3.3%

CA Auto Components

-0.5%

CA Market


1 Year Return

10.0%

SSA

30.9%

CA Auto Components

1.7%

CA Market

Return vs Industry: SSA underperformed the Canadian Auto Components industry which returned 34.3% over the past year.

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


Shareholder returns

SSAIndustryMarket
7 Day0%-3.3%-0.5%
30 Day37.5%11.2%3.4%
90 Day22.2%35.3%12.3%
1 Year10.0%10.0%34.8%30.9%5.3%1.7%
3 Year120.0%120.0%29.8%20.4%13.0%2.3%
5 Year83.3%83.3%89.9%69.2%66.2%40.7%

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

Valuation

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

1.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SSA (CA$0.06) 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 (6x) compared to the XN Auto Components industry average (28x).

PE vs Market: SSA is good value based on its PE Ratio (6x) 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 (3.2x) 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?

33.8%

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

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 ($USD127.04K) is about average for companies of similar size in the Canadian market ($USD154.03K).

Compensation vs Earnings: Andrew's compensation has increased by more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Andrew Malion
Chairmanno dataCA$160.61k6.76%
CA$ 286.7k
Kevin Haney
Independent Director1.5yrsCA$8.27k0.14%
CA$ 5.8k
Giacomo Grassi
Independent Director1.75yrsCA$8.27k0.52%
CA$ 22.0k

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$4.241m
  • Shares outstanding: 77.11m
  • Website: https://www.spectrainc.ca

Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SSATSXV (TSX Venture Exchange)YesCommon SharesCACADFeb 1995
SPKT.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDFeb 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 00:28
End of Day Share Price2021/01/14 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.