Loading...

Spark Power Group

DB:S12
Snowflake Description

Slightly overvalued with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
S12
DB
CA$90M
Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

Spark Power Group Inc. provides electrical power services and solutions primarily in North America. The last earnings update was 67 days ago. More info.


Add to Portfolio Compare Print
  • Spark Power Group has significant price volatility in the past 3 months.
S12 Share Price and Events
7 Day Returns
9.2%
DB:S12
1.4%
DE Renewable Energy
-0.7%
DE Market
1 Year Returns
-
DB:S12
6.5%
DE Renewable Energy
-7.6%
DE Market
S12 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Spark Power Group (S12) 9.2% 13% -16.2% - - -
DE Renewable Energy 1.4% 6.3% 3.3% 6.5% 44% 26.1%
DE Market -0.7% -0.5% -3.8% -7.6% 8.3% 11.1%
1 Year Return vs Industry and Market
  • No trading data on S12.
  • No trading data on S12.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Spark Power Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Spark Power Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Spark Power Group.

DB:S12 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:S12
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Renewable Energy Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.47 (1 + (1- 26.5%) (97.41%))
0.871
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.87
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.871 * 5.96%)
5.42%

Discounted Cash Flow Calculation for DB:S12 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Spark Power Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:S12 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 5.42%)
2020 17.74 Analyst x2 16.83
2021 23.30 Analyst x1 20.97
2022 23.20 Analyst x1 19.80
2023 23.60 Analyst x1 19.11
2024 23.90 Est @ 1.27% 18.36
2025 24.13 Est @ 0.95% 17.58
2026 24.30 Est @ 0.74% 16.80
2027 24.45 Est @ 0.58% 16.03
2028 24.56 Est @ 0.48% 15.28
2029 24.66 Est @ 0.4% 14.55
Present value of next 10 years cash flows CA$175.30
DB:S12 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$24.66 × (1 + 0.23%) ÷ (5.42% – 0.23%)
CA$476.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$476.26 ÷ (1 + 5.42%)10
CA$280.99
DB:S12 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$175.30 + CA$280.99
CA$456.29
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$456.29 / 48.76
CA$9.36
DB:S12 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:S12 represents 0.66086x of TSX:SPG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.66086x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 9.36 x 0.66086
€6.18
Value per share (EUR) From above. €6.18
Current discount Discount to share price of €1.22
= -1 x (€1.22 - €6.18) / €6.18
80.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Spark Power Group is available for.
Intrinsic value
>50%
Share price is €1.22 vs Future cash flow value of €6.18
Current Discount Checks
For Spark Power Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Spark Power Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Spark Power Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Spark Power Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Spark Power Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:S12 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$-0.80
TSX:SPG Share Price ** TSX (2019-07-19) in CAD CA$1.85
Europe Renewable Energy Industry PE Ratio Median Figure of 50 Publicly-Listed Renewable Energy Companies 30.65x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.75x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Spark Power Group.

DB:S12 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:SPG Share Price ÷ EPS (both in CAD)

= 1.85 ÷ -0.80

-2.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Spark Power Group is loss making, we can't compare its value to the Europe Renewable Energy industry average.
  • Spark Power Group is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Spark Power Group's expected growth come at a high price?
Raw Data
DB:S12 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
Not available
Europe Renewable Energy Industry PEG Ratio Median Figure of 26 Publicly-Listed Renewable Energy Companies 1.45x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Spark Power Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Spark Power Group's assets?
Raw Data
DB:S12 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$0.62
TSX:SPG Share Price * TSX (2019-07-19) in CAD CA$1.85
Europe Renewable Energy Industry PB Ratio Median Figure of 62 Publicly-Listed Renewable Energy Companies 1.47x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.71x
DB:S12 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:SPG Share Price ÷ Book Value per Share (both in CAD)

= 1.85 ÷ 0.62

2.97x

* Primary Listing of Spark Power Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Spark Power Group is overvalued based on assets compared to the Europe Renewable Energy industry average.
X
Value checks
We assess Spark Power Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Renewable Energy industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Renewable Energy industry average (and greater than 0)? (1 check)
  5. Spark Power Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Spark Power Group expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
23.7%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Spark Power Group expected to grow at an attractive rate?
  • Unable to compare Spark Power Group's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Spark Power Group's earnings growth to the Germany market average as no estimate data is available.
  • Spark Power Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:S12 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:S12 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 23.7%
Europe Renewable Energy Industry Earnings Growth Rate Market Cap Weighted Average 20.1%
Europe Renewable Energy Industry Revenue Growth Rate Market Cap Weighted Average 7.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:S12 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:S12 Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31 202 23 3
2019-12-31 161 18 2
DB:S12 Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 134 -6 -46
2018-12-31 120 -6 -65
2018-09-30 104 2 -80
2018-06-30 88 5 -41
2018-03-31 83 2 -35
2017-12-31 80 0 -17
2016-12-31 32 3 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Spark Power Group is high growth as no earnings estimate data is available.
  • Spark Power Group's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:S12 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Spark Power Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:S12 Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
DB:S12 Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 -0.80
2018-12-31 -1.44
2018-09-30 -5.94
2018-06-30 -15.64
2018-03-31 -14.76
2017-12-31 -8.16
2016-12-31 -0.69

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Spark Power Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Spark Power Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Spark Power Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Spark Power Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Spark Power Group's growth in the last year to its industry (Renewable Energy).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Spark Power Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Spark Power Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Spark Power Group's 1-year growth to the Europe Renewable Energy industry average as it is not currently profitable.
Earnings and Revenue History
Spark Power Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Spark Power Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:S12 Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 134.30 -45.91 39.59
2018-12-31 119.76 -64.63 34.58
2018-09-30 104.02 -80.34 28.08
2018-06-30 88.40 -41.43 26.21
2018-03-31 83.39 -34.65 27.03
2017-12-31 80.04 -16.70 27.31
2016-12-31 32.34 -1.26 13.06
2015-12-31 32.43 1.40 9.04

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Spark Power Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Spark Power Group has efficiently used its assets last year compared to the Europe Renewable Energy industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Spark Power Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Spark Power Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Renewable Energy industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Spark Power Group has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Spark Power Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Spark Power Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Spark Power Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Spark Power Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Spark Power Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Spark Power Group Company Filings, last reported 3 months ago.

DB:S12 Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 28.04 69.95 0.25
2018-12-31 28.52 66.94 0.25
2018-09-30 28.23 60.57 1.71
2018-06-30 -56.38 57.50 3.71
2018-03-31 -49.82 58.04 3.49
2017-12-31 -30.58 58.75 3.43
2016-12-31 -15.05 23.63 0.33
2015-12-31
  • Spark Power Group's level of debt (249.5%) compared to net worth is high (greater than 40%).
  • Unable to establish if Spark Power Group's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Spark Power Group has less than a year of cash runway based on current free cash flow.
  • Spark Power Group has less than a year of cash runway if free cash flow continues to grow at historical rates of 133.9% each year.
X
Financial health checks
We assess Spark Power Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Spark Power Group has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Spark Power Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Spark Power Group dividends.
If you bought €2,000 of Spark Power Group shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Spark Power Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Spark Power Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:S12 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Europe Renewable Energy Industry Average Dividend Yield Market Cap Weighted Average of 25 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:S12 Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Spark Power Group has not reported any payouts.
  • Unable to verify if Spark Power Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Spark Power Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Spark Power Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Spark Power Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Spark Power Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Spark Power Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Spark Power Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Andrew Clark
COMPENSATION CA$420,610
AGE 46
CEO Bio

Mr. Andrew Clark is a Founder and President of Spark Solar Inc. Mr. Clark served as Managing Director of The Spark Fund at Spara Capital Partners Inc. He is the Co-Founder and Co- CEO of Spark Power Group Inc. Prior to joining Spara, Mr. Clark spent over 10 years in various management roles at CPI Plastics Group Ltd (CPI), where he served as Divisional Manager of eON. Mr. Clark gained of wealth of strategic, entrepreneurial and operational experience over his tenure with CPI. Most recently, Mr. Clark served as President of Eon, a division of CPI, where he was instrumental in growing the division from $40 million to $180 million in revenue. Mr. Clark also has investment banking and traditional banking experience. Prior to joining CPI Mr. Clark held positions at GMP Securities in their corporate finance department and the Business Development Bank of Canada. He serves as Director of Spark Power Group since September 2009. Mr. Clark holds an MBA degree from the Rotman School of Management at the University of Toronto and a Bachelor of Commerce degree from Queen’s University.

CEO Compensation
  • Insufficient data for Andrew to compare compensation growth.
  • Andrew's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Spark Power Group management team in years:

1.5
Average Tenure
48
Average Age
  • The average tenure for the Spark Power Group management team is less than 2 years, this suggests a new team.
Management Team

Andrew Clark

TITLE
Co-Founder
COMPENSATION
CA$421K
AGE
46

Jason Sparaga

TITLE
Co-Founder
COMPENSATION
CA$421K
AGE
47
TENURE
7.5 yrs

Eric Waxman

TITLE
Co-Founder & Chief Investment Officer
COMPENSATION
CA$551K
AGE
46

Dan Ardila

TITLE
Chief Financial Officer
COMPENSATION
CA$523K
AGE
56
TENURE
2.2 yrs

Richard Jackson

TITLE
Chief Operating Officer
COMPENSATION
CA$379K
AGE
46
TENURE
1.5 yrs

Ron Dizy

TITLE
Chief Strategy Officer
COMPENSATION
CA$21K
AGE
54
TENURE
0.3 yrs

Amin Kassam

TITLE
EVP of Global Business Development

Sean Kelly

TITLE
Executive Vice President of Integrations
AGE
51

Morgan Cowl

TITLE
Executive Vice President of Operations
AGE
59

Roland Olst

TITLE
Executive Vice President of Low Voltage Technical Services
AGE
48
TENURE
1.5 yrs
Board of Directors Tenure

Average tenure and age of the Spark Power Group board of directors in years:

9.8
Average Tenure
53
Average Age
  • The tenure for the Spark Power Group board of directors is about average.
Board of Directors

Larry Taylor

TITLE
Chairman
COMPENSATION
CA$30K

Andrew Clark

TITLE
Co-Founder
COMPENSATION
CA$421K
AGE
46
TENURE
9.8 yrs

Jason Sparaga

TITLE
Co-Founder
COMPENSATION
CA$421K
AGE
47
TENURE
9.8 yrs

Howard Wetston

TITLE
Independent Director
COMPENSATION
CA$21K

Joe Quarin

TITLE
Independent Director
COMPENSATION
CA$21K
AGE
53

Kurt Strobele

TITLE
Member of Advisory Board

Daniel Péloquin

TITLE
Independent Director
COMPENSATION
CA$21K

Peter Clark

TITLE
Member of Advisory Board

Don Morrison

TITLE
Independent Director
COMPENSATION
CA$21K
AGE
58

Jim O'Neil

TITLE
Independent Director
COMPENSATION
CA$21K
AGE
60
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
10. Jun 19 Sell Canaccord Genuity Group Inc. Company 07. Jun 19 07. Jun 19 -17,318 €0.93 €-16,097
06. Jun 19 Buy Canaccord Genuity Group Inc. Company 04. Jun 19 05. Jun 19 6,500 €0.99 €6,138
04. Jun 19 Buy Canaccord Genuity Group Inc. Company 03. Jun 19 03. Jun 19 3,500 €0.99 €3,477
30. May 19 Buy Canaccord Genuity Group Inc. Company 29. May 19 29. May 19 2,500 €1.06 €2,656
29. May 19 Buy Canaccord Genuity Group Inc. Company 27. May 19 27. May 19 1,000 €1.16 €1,164
24. May 19 Buy Canaccord Genuity Group Inc. Company 23. May 19 23. May 19 4,200 €1.23 €5,087
22. May 19 Sell Canaccord Genuity Group Inc. Company 17. May 19 17. May 19 -1,476 €1.29 €-1,906
22. May 19 Buy Canaccord Genuity Group Inc. Company 17. May 19 21. May 19 15,600 €1.26 €19,387
16. May 19 Sell Canaccord Genuity Group Inc. Company 06. May 19 06. May 19 -91,400 €1.46 €-133,512
16. May 19 Buy Canaccord Genuity Group Inc. Company 13. May 19 14. May 19 7,300 €1.36 €9,643
13. May 19 Sell Canaccord Genuity Group Inc. Company 09. May 19 09. May 19 -14,506 €1.38 €-20,000
13. May 19 Buy Canaccord Genuity Group Inc. Company 09. May 19 10. May 19 3,300 €1.36 €4,432
09. May 19 Buy Canaccord Genuity Group Inc. Company 08. May 19 08. May 19 7,400 €1.42 €10,509
07. May 19 Buy Canaccord Genuity Group Inc. Company 06. May 19 06. May 19 89,800 €1.49 €127,828
03. May 19 Buy Canaccord Genuity Group Inc. Company 02. May 19 02. May 19 800 €1.39 €1,116
01. May 19 Buy Canaccord Genuity Group Inc. Company 30. Apr 19 30. Apr 19 14,000 €1.39 €19,178
29. Apr 19 Buy Canaccord Genuity Group Inc. Company 26. Apr 19 26. Apr 19 1,000 €1.43 €1,431
16. Apr 19 Buy Canaccord Genuity Group Inc. Company 08. Apr 19 12. Apr 19 207,100 €1.43 €293,467
08. Apr 19 Sell Canaccord Genuity Group Inc. Company 03. Apr 19 03. Apr 19 -12,600 €1.50 €-18,529
08. Apr 19 Buy Canaccord Genuity Group Inc. Company 01. Apr 19 05. Apr 19 5,800 €1.47 €8,367
29. Mar 19 Buy Canaccord Genuity Group Inc. Company 28. Mar 19 29. Mar 19 10,316 €1.49 €15,394
25. Mar 19 Sell Canaccord Genuity Group Inc. Company 21. Mar 19 21. Mar 19 -1,616 €1.47 €-2,371
22. Mar 19 Buy Canaccord Genuity Group Inc. Company 19. Mar 19 20. Mar 19 8,300 €1.44 €11,679
19. Mar 19 Sell Canaccord Genuity Group Inc. Company 22. Feb 19 18. Mar 19 -5,437 €1.55 €-8,019
19. Mar 19 Buy Canaccord Genuity Group Inc. Company 18. Mar 19 18. Mar 19 1,937 €1.47 €2,818
04. Mar 19 Sell Canaccord Genuity Group Inc. Company 01. Mar 19 01. Mar 19 -10,000 €1.59 €-15,904
04. Mar 19 Buy Canaccord Genuity Group Inc. Company 01. Mar 19 01. Mar 19 10,000 €1.59 €15,904
26. Feb 19 Sell Canaccord Genuity Group Inc. Company 25. Feb 19 25. Feb 19 -29,100 €1.56 €-45,533
26. Feb 19 Buy Canaccord Genuity Group Inc. Company 25. Feb 19 25. Feb 19 9,100 €1.57 €14,300
20. Feb 19 Sell Canaccord Genuity Group Inc. Company 14. Feb 19 14. Feb 19 -7,570 €1.53 €-11,603
14. Feb 19 Buy Canaccord Genuity Group Inc. Company 11. Feb 19 12. Feb 19 21,100 €1.53 €32,242
11. Feb 19 Sell Canaccord Genuity Group Inc. Company 07. Feb 19 07. Feb 19 -6,146 €1.56 €-9,584
11. Feb 19 Buy Canaccord Genuity Group Inc. Company 07. Feb 19 07. Feb 19 100 €1.56 €156
07. Feb 19 Buy Canaccord Genuity Group Inc. Company 05. Feb 19 06. Feb 19 4,800 €1.53 €7,245
31. Jan 19 Buy Canaccord Genuity Group Inc. Company 28. Jan 19 28. Jan 19 1,500 €1.52 €2,274
21. Jan 19 Buy Canaccord Genuity Group Inc. Company 18. Jan 19 18. Jan 19 2,000 €1.54 €3,072
18. Jan 19 Sell Canaccord Genuity Group Inc. Company 11. Jan 19 16. Jan 19 -17,084 €1.59 €-26,746
18. Jan 19 Buy Canaccord Genuity Group Inc. Company 11. Jan 19 11. Jan 19 800 €1.53 €1,220
11. Jan 19 Sell Canaccord Genuity Group Inc. Company 09. Jan 19 10. Jan 19 -5,500 €1.58 €-8,668
09. Jan 19 Buy Canaccord Genuity Group Inc. Company 07. Jan 19 08. Jan 19 1,800 €1.54 €2,759
04. Jan 19 Sell Canaccord Genuity Group Inc. Company 03. Jan 19 03. Jan 19 -2,300 €1.69 €-3,570
04. Jan 19 Buy Canaccord Genuity Group Inc. Company 02. Jan 19 03. Jan 19 2,800 €1.61 €4,391
02. Jan 19 Sell Canaccord Genuity Group Inc. Company 24. Dec 18 24. Dec 18 -300 €1.75 €-526
02. Jan 19 Buy Canaccord Genuity Group Inc. Company 21. Dec 18 31. Dec 18 1,500 €1.60 €2,337
22. Dec 18 Buy Canaccord Genuity Group Inc. Company 20. Dec 18 20. Dec 18 3,700 €1.59 €5,873
19. Dec 18 Buy Canaccord Genuity Group Inc. Company 18. Dec 18 18. Dec 18 2,200 €1.63 €3,550
17. Dec 18 Sell Canaccord Genuity Group Inc. Company 16. Nov 18 27. Nov 18 -32,686 €1.76 €-56,983
17. Dec 18 Buy Canaccord Genuity Group Inc. Company 31. Aug 18 17. Dec 18 759,506 €1.80 €88,819
X
Management checks
We assess Spark Power Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Spark Power Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Spark Power Group Inc. provides electrical power services and solutions primarily in North America. The company operates through three divisions: Technical Services; Power Equipment; and Power Advisory and Sustainability. The company offers technical services, such as construction, repair, replacement, maintenance, testing, and commissioning of electrical assets. Its assets include renewable generating assets, such as solar and wind energy assets; medium-high voltage assets, including transformers, switch gears, protection and controls, breakers, bus, cables, and lines; and low voltage assets comprising machinery and equipment, programming language controls, control panels, electronics, and lighting. The company also provides customized energy solutions for distributed power assets and battery storages. In addition, it consults on and provides project management services group to assist companies in the development and implementation of on-site and behind the meter solutions. The company serves approximately 6,500 industrial, commercial, institutional, renewable, and agricultural customers, as well as utility markets including municipalities, universities, schools, and hospitals. Spark Power Group Inc. is headquartered in Oakville, Canada.

Details
Name: Spark Power Group Inc.
S12
Exchange: DB
Founded:
CA$61,483,959
48,764,053
Website: http://sparkpowercorp.com
Address: Spark Power Group Inc.
1315 North Service Road East,
Suite 300,
Oakville,
Ontario, L6H 1A7,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX SPG Common Shares The Toronto Stock Exchange CA CAD 05. Sep 2018
DB S12 Common Shares Deutsche Boerse AG DE EUR 05. Sep 2018
Number of employees
Current staff
Staff numbers
700
Spark Power Group employees.
Industry
Renewable Electricity
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 23:10
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/08
Last earnings filing: 2019/05/14
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.