Executive Summary
SP Group A/S manufactures and supplies moulded plastic components and coatings primarily in Denmark and other European countries, the Americas, Asia, Australia, and Africa.
Snowflake
Fundamentals
Solid track record with reasonable growth potential.
Risks
- SP Group is covered by less than 3 analysts.
Share Price & News
How has SP Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
4.1%
CPSE:SPG
-1.4%
DK Chemicals
0.9%
DK Market
1 Year Return
11.0%
CPSE:SPG
-12.6%
DK Chemicals
3.5%
DK Market
SPG outperformed the Chemicals industry which returned -12.6% over the past year.
SPG outperformed the Market in Denmark which returned 3.5% over the past year.
Share holder returns
| SPG | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.1% | -1.4% | 0.9% |
| 30 Day | -3.4% | -4.4% | 1.7% |
| 90 Day | 7.1% | -3.9% | 2.3% |
| 1 Year | 12.2%11.0% | -9.1%-12.6% | 6.6%3.5% |
| 3 Year | 89.5%84.8% | 18.4%7.6% | 29.8%19.2% |
| 5 Year | 457.9%431.3% | 35.0%15.0% | 65.8%41.5% |
Price Volatility Vs. Market
How volatile is SP Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 months ago | Simply Wall St
SP Group A/S (CPH:SPG) Delivered A Better ROE Than Its Industry8 months ago | Simply Wall St
SP Group A/S (CPH:SPG): Why Return On Capital Employed Is Important10 months ago | Simply Wall St
Is SP Group A/S (CPH:SPG) A High Quality Stock To Own?Valuation
Is SP Group undervalued based on future cash flows and its price relative to the stock market?
18%
Discount to future cash flow value
Intrinsic Value Based on Future Cash Flows
SP Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
SP Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
Price Based on Earnings
SP Group is good value based on earnings compared to the Europe Chemicals industry average.
SP Group is overvalued based on earnings compared to the Denmark market.
Price Based on Expected Growth
SP Group is poor value based on expected growth next year.
Price Based on Value of Assets
SP Group is overvalued based on assets compared to the Europe Chemicals industry average.
Next Steps
Future Growth
How is SP Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?
15.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Estimates
Future Annual Growth Analysis
SP Group's revenue is expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).
SP Group's earnings are expected to grow by 15.6% yearly, however this is not considered high growth (20% yearly).
SP Group's revenue growth is expected to exceed the Denmark market average.
SP Group's earnings growth is expected to exceed the Denmark market average.
SP Group's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Earnings per Share Growth Estimates
Future Return on Equity
SP Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
Next Steps
Past Performance
How has SP Group performed over the past 5 years?
30.7%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
SP Group has delivered over 20% year on year earnings growth in the past 5 years.
SP Group's 1-year earnings growth is less than its 5-year average (23.6% vs 30.7%)
SP Group's earnings growth has exceeded the Europe Chemicals industry average in the past year (23.6% vs 1.4%).
Return on Equity
SP Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
Return on Assets
SP Group used its assets more efficiently than the Europe Chemicals industry average last year based on Return on Assets.
Return on Capital Employed
SP Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Next Steps
Financial Health
How is SP Group's financial position?
Financial Position Analysis
SP Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
SP Group's cash and other short term assets cover its long term commitments.
Debt to Equity History and Analysis
SP Group's level of debt (78.3%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has increased over the past 5 years (76.1% vs 78.3% today).
Debt is well covered by operating cash flow (37.6%, greater than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 13.5x coverage).
Balance Sheet
High level of physical assets or inventory.
Debt is covered by short term assets, assets are 1.4x debt.
Next Steps
Dividend
What is SP Group's current dividend yield, its reliability and sustainability?
1.23%
Expected Dividend Yield
Dividend Yield and Payments Analysis
SP Group's pays a lower dividend yield than the bottom 25% of dividend payers in Denmark (1.74%).
SP Group's dividend is below the markets top 25% of dividend payers in Denmark (4.92%).
SP Group is not paying a notable dividend for Denmark, therefore no need to check if the payments are stable.
SP Group is not paying a notable dividend for Denmark, therefore no need to check if the payments are increasing.
Current Payout to Shareholders
No need to calculate the sustainability of SP Group's dividends as it is not paying a notable one for Denmark.
Future Payout to Shareholders
Dividends after 3 years are expected to be well covered by earnings (6.1x coverage).
Next Steps
Management
What is the CEO of SP Group's salary, the management and board of directors tenure and is there insider trading?
1.6yrs
Average management tenure
CEO
Frank Gad (59yo)
14.8yrs
Tenure
ø5,119,000
Compensation
Mr. Frank Gad has been the Chief Executive Officer for SP Group A/S since November 2004 and serves as its Member of Executive Board. Mr. Gad was Chief Executive Officer of SP Moulding A/S until June 2019. ...
CEO Compensation Analysis
Frank's remuneration is about average for companies of similar size in Denmark.
Frank's compensation has been consistent with company performance over the past year, both up more than 20%.
Management Age and Tenure
1.6yrs
Average Tenure
The average tenure for the SP Group management team is less than 2 years, this suggests a new team.
Board Age and Tenure
4.3yrs
Average Tenure
59yo
Average Age
The tenure for the SP Group board of directors is about average.
Insider Trading
No 3 month open market individual insider trading information.
Ownership Breakdown
Management Team
Frank Gad (59yo)
CEO & Member of Executive Board
- Tenure: 14.8yrs
- Compensation: ø5.12m
Kenny Rosendahl
Chief Executive Officer of SP Medical A/S
- Tenure: 1.6yrs
Jørgen Nielsen (63yo)
CFO & Member of Executive Board
- Tenure: 0.0yrs
- Compensation: ø1.95m
Adam Czyzynski
Managing Director of Tinby Sp. z o.o. - Poland
- Tenure: 0.0yrs
Jan Sørensen
Managing Director of SP Moulding (Suzhou) Co Ltd - China
- Tenure: 0.0yrs
Claus Lendal
Chief Executive Officer of Ergomat A/S
- Tenure: 1.6yrs
Jens Møller
Managing Director of Kodan Plast s.r.o. - Slovakia
- Tenure: 0.0yrs
Torben Nielsen
Managing Director of Tinby A/S
- Tenure: 0.0yrs
Lars Bering
Managing Director of Gibo Plast A/S & VP of Business Development
- Tenure: 1.6yrs
Susie-Ann Spiegelhauer
CEO of Accoat A/S
- Tenure: 0.3yrs
Board Members
Erik Holm (59yo)
Deputy Chairman
- Tenure: 0.0yrs
- Compensation: ø275.00k
Niels Agner (76yo)
Director
- Tenure: 24.6yrs
- Compensation: ø300.00k
Bente Overgaard (55yo)
Director
- Tenure: 2.3yrs
- Compensation: ø225.00k
Hans Schur (68yo)
Chairman
- Tenure: 1.3yrs
- Compensation: ø375.00k
Hans-Henrik Eriksen (59yo)
Director
- Tenure: 6.3yrs
- Compensation: ø275.00k
Company Information
SP Group A/S's company bio, employee growth, exchange listings and data sources
Key Information
- Name: SP Group A/S
- Ticker: SPG
- Exchange: CPSE
- Founded: 1972
- Industry: Commodity Chemicals
- Sector: Materials
- Market Cap: ø2.849b
- Shares outstanding: 11.17m
- Website: https://www.sp-group.dk
Number of Employees
Location
- SP Group A/S
- Snavevej 6-10
- Søndersø
- Region of Southern Denmark
- 5471
- Denmark
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SPG | CPSE (OMX Nordic Exchange Copenhagen) | Yes | Share Capital | DK | DKK | Jul 1992 |
| SPGC | BATS-CHIXE (BATS 'Chi-X Europe') | DKK2.00 | GB | DKK | May 2018 |
Biography
SP Group A/S manufactures and supplies moulded plastic components and coatings primarily in Denmark and other European countries, the Americas, Asia, Australia, and Africa. The company operates through Coa ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/08/21 20:40 |
| End of Day Share Price | 2019/08/21 00:00 |
| Earnings | 2019/03/31 |
| Annual Earnings | 2018/12/31 |
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.