SPARQ Systems Inc.

TSXV:SPRQ Stock Report

Market Cap: CA$86.8m

SPARQ Systems Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate SPRQ's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate SPRQ's fair value for valuation analysis.

Key Valuation Metric

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

Key metric: As SPRQ barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for SPRQ. This is calculated by dividing SPRQ's market cap by their current book value.
What is SPRQ's PB Ratio?
PB Ratio6.7x
BookCA$12.33m
Market CapCA$86.80m

Price to Book Ratio vs Peers

How does SPRQ's PB Ratio compare to its peers?

The above table shows the PB ratio for SPRQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average25.6x
EXRO Exro Technologies
2x84.9%CA$84.5m
ELVA Electrovaya
10.2x47.2%CA$109.2m
DYA dynaCERT
n/an/aCA$89.9m
NBM NEO Battery Materials
64.6xn/aCA$82.5m
SPRQ SPARQ Systems
6.7xn/aCA$86.8m

Price-To-Book vs Peers: SPRQ is expensive based on its Price-To-Book Ratio (6.7x) compared to the peer average (-33.7x).

Price to Book Ratio vs Industry

How does SPRQ's PB Ratio compare vs other companies in the CA Electrical Industry?

1 CompanyPrice / BookEstimated GrowthMarket Cap
BLDP Ballard Power Systems
0.5x46.6%US$398.34m
No more companies available in this PB range
SPRQ 6.7xIndustry Avg. 2.0xNo. of Companies4PB02.44.87.29.612+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: SPRQ is expensive based on its Price-To-Book Ratio (6.7x) compared to the North American Electrical industry average (2.1x).

Price to Book Ratio vs Fair Ratio

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

SPRQ PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio6.7x
Fair PB Ration/a

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

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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