Executive Summary
Spark Power Group Inc. provides electrical power services in North America. More Details
Rewards
Risk Analysis
Snowflake Analysis
Proven track record and slightly overvalued.
Similar Companies
Share Price & News
How has Spark Power Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SPG is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: SPG's weekly volatility (10%) has been stable over the past year.
Market Performance
7 Day Return
15.9%
SPG
-0.1%
CA Renewable Energy
0.7%
CA Market
1 Year Return
49.6%
SPG
61.0%
CA Renewable Energy
2.1%
CA Market
Return vs Industry: SPG underperformed the Canadian Renewable Energy industry which returned 61% over the past year.
Return vs Market: SPG exceeded the Canadian Market which returned 2.1% over the past year.
Shareholder returns
| SPG | Industry | Market | |
|---|---|---|---|
| 7 Day | 15.9% | -0.1% | 0.7% |
| 30 Day | 45.5% | 14.8% | 4.6% |
| 90 Day | 37.9% | 25.0% | 13.5% |
| 1 Year | 49.6%49.6% | 67.4%61.0% | 5.8%2.1% |
| 3 Year | n/a | 147.9%114.8% | 13.9%3.1% |
| 5 Year | n/a | 251.3%174.6% | 67.3%41.6% |
Long-Term Price Volatility Vs. Market
How volatile is Spark Power Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Spark Power Group Inc. (TSE:SPG) Potentially Undervalued?3 weeks ago | Simply Wall St
Should You Use Spark Power Group's (TSE:SPG) Statutory Earnings To Analyse It?1 month ago | Simply Wall St
Has Spark Power Group (TSE:SPG) Got What It Takes To Become A Multi-Bagger?Valuation
Is Spark Power Group undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SPG (CA$2.11) is trading below our estimate of fair value (CA$16.5)
Significantly Below Fair Value: SPG is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SPG is poor value based on its PE Ratio (40.5x) compared to the CA Renewable Energy industry average (19.9x).
PE vs Market: SPG is poor value based on its PE Ratio (40.5x) compared to the Canadian market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SPG's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SPG is overvalued based on its PB Ratio (2.8x) compared to the CA Renewable Energy industry average (2.6x).
Next Steps
Future Growth
How is Spark Power Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
6.2%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if SPG's forecast earnings growth is above the savings rate (1.5%).
Earnings vs Market: Insufficient data to determine if SPG's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SPG's revenue (6.2% per year) is forecast to grow slower than the Canadian market (8% per year).
High Growth Revenue: SPG's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SPG's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Spark Power Group performed over the past 5 years?
9.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPG has a large one-off loss of CA$4.8M impacting its September 30 2020 financial results.
Growing Profit Margin: SPG's current net profit margins (1.3%) are higher than last year (0.2%).
Past Earnings Growth Analysis
Earnings Trend: SPG has become profitable over the past 5 years, growing earnings by 9% per year.
Accelerating Growth: SPG's earnings growth over the past year (995%) exceeds its 5-year average (9% per year).
Earnings vs Industry: SPG earnings growth over the past year (995%) exceeded the Renewable Energy industry 20.7%.
Return on Equity
High ROE: SPG's Return on Equity (7%) is considered low.
Next Steps
Financial Health
How is Spark Power Group's financial position?
Financial Position Analysis
Short Term Liabilities: SPG's short term assets (CA$92.5M) exceed its short term liabilities (CA$86.9M).
Long Term Liabilities: SPG's short term assets (CA$92.5M) exceed its long term liabilities (CA$78.4M).
Debt to Equity History and Analysis
Debt Level: SPG's debt to equity ratio (255.1%) is considered high.
Reducing Debt: Insufficient data to determine if SPG's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SPG's debt is not well covered by operating cash flow (4%).
Interest Coverage: SPG's interest payments on its debt are not well covered by EBIT (2.1x coverage).
Balance Sheet
Next Steps
Dividend
What is Spark Power Group current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SPG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SPG'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 SPG's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SPG'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 SPG'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?
3.7yrs
Average management tenure
CEO
Rich Jackson (46 yo)
no data
Tenure
CA$362,069
Compensation
Mr. Richard Stanley Jackson, also known as Rich, has been Chief Executive Officer at Spark Power Group Inc. since January 5, 2021 and its President since August 31, 2018. He serves as Managing Director of ...
CEO Compensation Analysis
Compensation vs Market: Rich's total compensation ($USD286.86K) is above average for companies of similar size in the Canadian market ($USD153.85K).
Compensation vs Earnings: Rich's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Executive Board Chair | no data | CA$532.51k | 22.04% CA$ 25.3m | |
| President & CEO | no data | CA$362.07k | 0.37% CA$ 430.2k | |
| Co-Founder | 12yrs | CA$416.33k | 2.57% CA$ 2.9m | |
| Chief Financial Officer | 3.67yrs | CA$378.15k | 0.69% CA$ 792.3k | |
| Chief Commercial Officer | 1.75yrs | CA$382.84k | 0.24% CA$ 278.2k | |
| EVP of Global Business Development | no data | no data | no data | |
| General Counsel | no data | no data | no data | |
| Director of Marketing Communications | no data | no data | no data | |
| Director of People & Culture | no data | no data | no data | |
| Executive Vice President of Integrations | no data | no data | no data | |
| Executive Vice President of Operations | no data | no data | 1.67% CA$ 1.9m | |
| Executive Vice President of Eastern Canada | 3yrs | no data | no data |
3.7yrs
Average Tenure
50yo
Average Age
Experienced Management: SPG's management team is considered experienced (3.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Executive Board Chair | no data | CA$532.51k | 22.04% CA$ 25.3m | |
| Independent Director | 1.08yrs | CA$2.28k | 0.047% CA$ 53.5k | |
| Independent Director | 2.42yrs | CA$81.63k | 1.78% CA$ 2.0m | |
| Co-Founder & Vice Board Chair | no data | CA$532.51k | 22.04% CA$ 25.3m | |
| Member of Advisory Board | no data | no data | no data | |
| Independent Chairman & Lead Independent Director | 2.42yrs | CA$93.71k | 0.96% CA$ 1.1m | |
| Independent Director | 2.42yrs | CA$110.42k | 0.40% CA$ 455.0k |
2.4yrs
Average Tenure
51yo
Average Age
Experienced Board: SPG's board of directors are not considered experienced ( 2.4 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 been diluted in the past year, with total shares outstanding growing by 3.7%.
Top Shareholders
Company Information
Spark Power Group Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Spark Power Group Inc.
- Ticker: SPG
- Exchange: TSX
- Founded: 2009
- Industry: Renewable Electricity
- Sector: Utilities
- Market Cap: CA$114.810m
- Shares outstanding: 53.65m
- Website: https://sparkpowercorp.com
Number of Employees
Location
- Spark Power Group Inc.
- 1315 North Service Road East
- Suite 300
- Oakville
- Ontario
- L6H 1A7
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SPG | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Sep 2018 |
| S12 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Sep 2018 |
| SKPG.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Sep 2018 |
Biography
Spark Power Group Inc. provides electrical power services in North America. The company operates through Technical Services, Renewables, and Sustainability Solutions segments. The Technical Services segmen...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 23:02 |
| End of Day Share Price | 2021/01/21 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.