DB:S12

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Spark Power Group

Executive Summary

Spark Power Group Inc. provides electrical power services and solutions in North America.


Snowflake Analysis

Slightly overvalued with questionable track record.


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: S12's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

16.4%

S12

2.7%

DE Renewable Energy

1.5%

DE Market


1 Year Return

-9.0%

S12

15.5%

DE Renewable Energy

6.4%

DE Market

Return vs Industry: S12 underperformed the German Renewable Energy industry which returned 17.8% over the past year.

Return vs Market: S12 underperformed the German Market which returned 8% over the past year.


Shareholder returns

S12IndustryMarket
7 Day16.4%2.7%1.5%
30 Day23.4%1.7%-0.6%
90 Day33.8%18.4%11.0%
1 Year-2.9%-9.0%20.5%15.5%8.7%6.4%
3 Yearn/a73.2%55.8%5.7%-2.7%
5 Yearn/a105.0%83.0%14.8%-0.7%

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

No news available

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: S12 (€1.03) is trading below our estimate of fair value (€6.06)

Significantly Below Fair Value: S12 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: S12 is poor value based on its PE Ratio (3468.1x) compared to the XE Renewable Energy industry average (26.1x).

PE vs Market: S12 is poor value based on its PE Ratio (3468.1x) compared to the German market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate S12's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: S12 is overvalued based on its PB Ratio (2.4x) compared to the DE Renewable Energy industry average (1.8x).


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?

6.5%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if S12's forecast earnings growth is above the savings rate (0.2%).

Earnings vs Market: Insufficient data to determine if S12's earnings are forecast to grow faster than the German market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: S12's revenue (6.5% per year) is forecast to grow faster than the German market (5.8% per year).

High Growth Revenue: S12's revenue (6.5% 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 S12'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?

-10.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: S12 has a large one-off loss of CA$7.2M impacting its March 31 2020 financial results.

Growing Profit Margin: S12 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: S12 has become profitable over the past 5 years, growing earnings by -10.4% per year.

Accelerating Growth: S12 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: S12 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Renewable Energy industry (38.7%).


Return on Equity

High ROE: S12's Return on Equity (0.05%) is considered low.


Next Steps

Financial Health

How is Spark Power Group's financial position?


Financial Position Analysis

Short Term Liabilities: S12's short term assets (CA$84.0M) exceed its short term liabilities (CA$78.9M).

Long Term Liabilities: S12's short term assets (CA$84.0M) do not cover its long term liabilities (CA$84.3M).


Debt to Equity History and Analysis

Debt Level: S12's debt to equity ratio (288.8%) is considered high.

Reducing Debt: Insufficient data to determine if S12's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: S12's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: S12's interest payments on its debt are not well covered by EBIT (2.2x 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 S12's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate S12'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 S12's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if S12'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 S12's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Andrew Clark (46 yo)

no data

Tenure

CA$532,512

Compensation

Mr. Andrew W. Clark is a Founder and President of Spark Solar Inc. Mr. Clark co-founded Spark Power in 2009. Mr. Clark serves as Co-Chief Executive Officer at Spark Power Group Inc. He served as Managing D ...


CEO Compensation Analysis

Compensation vs Market: Andrew's total compensation ($USD400.17K) is about average for companies of similar size in the German market ($USD475.35K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Andrew Clark
Co-Founderno dataCA$532.51k22.08%
CA$ 12.1m
Jason Sparaga
Co-Founder10.92yrsCA$532.51k22.08%
CA$ 12.1m
Richard Jackson
President & COO2yrsCA$362.07kno data
Eric Waxman
Co-Founder11.58yrsCA$416.33kno data
Daniel Ardila
Chief Financial Officer3.25yrsCA$378.15k0.69%
CA$ 378.1k
Ron Dizy
Chief Commercial Officer1.33yrsCA$382.84k0.24%
CA$ 132.8k
Amin Kassam
EVP of Global Business Developmentno datano datano data
Sean Kelly
Executive Vice President of Integrationsno datano datano data
Morgan Cowl
Executive Vice President of Operationsno datano datano data
Roland Olst
Executive Vice President of Eastern Canada2.58yrsno datano data
Ron Seftel
President of Bullfrog Power Solutions2.58yrsno datano data
David Asling-Snee
Executive Vice President of Renewables & Asset Management2.58yrsno datano data

2.6yrs

Average Tenure

48yo

Average Age

Experienced Management: S12's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Andrew Clark
Co-Founderno dataCA$532.51k22.08%
CA$ 12.1m
Jason Sparaga
Co-Founder10.92yrsCA$532.51k22.08%
CA$ 12.1m
Lucio Di Clemente
Independent Director0.67yrCA$2.28k0.047%
CA$ 25.5k
Joseph Quarin
Independent Director2yrsCA$81.63k1.79%
CA$ 978.0k
Kurt Strobele
Member of Advisory Boardno datano datano data
Larry Taylor
Independent Chairman2yrsCA$93.71k0.96%
CA$ 525.6k
Daniel Péloquin
Independent Director2yrsCA$110.42k0.40%
CA$ 217.2k

2.0yrs

Average Tenure

51yo

Average Age

Experienced Board: S12's board of directors are not considered experienced ( 2 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.8%.


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: S12
  • Exchange: DB
  • Founded: 2017
  • Industry: Renewable Electricity
  • Sector: Utilities
  • Market Cap: CA$86.215m
  • Listing Market Cap: CA$54.694m
  • Shares outstanding: 53.55m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SPGTSX (The Toronto Stock Exchange)YesCommon SharesCACADSep 2018
S12DB (Deutsche Boerse AG)YesCommon SharesDEEURSep 2018
SKPG.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 2018

Biography

Spark Power Group Inc. provides electrical power services and solutions in North America. The company operates through Technical Services, Power Equipment, and Power Advisory & Sustainability segments. The ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/06 21:27
End of Day Share Price2020/08/06 00:00
Earnings2020/03/31
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.