BME:SPK

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Solarpack Corporacion Tecnologica

Executive Summary

Solarpack Corporación Tecnológica, S.A., a multinational company, specializes in electrical generating projects, primarily in the field of solar photovoltaic energy.


Snowflake Analysis

Proven track record and overvalued.

Share Price & News

How has Solarpack Corporacion Tecnologica's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SPK's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.3%

SPK

4.4%

ES Renewable Energy

2.9%

ES Market


1 Year Return

32.9%

SPK

26.1%

ES Renewable Energy

-17.9%

ES Market

Return vs Industry: SPK exceeded the Spanish Renewable Energy industry which returned 25.6% over the past year.

Return vs Market: SPK exceeded the Spanish Market which returned -16.9% over the past year.


Shareholder returns

SPKIndustryMarket
7 Day0.3%4.4%2.9%
30 Day9.8%5.9%-4.9%
90 Day35.3%21.2%7.1%
1 Year32.9%32.9%29.5%26.1%-15.4%-17.9%
3 Yearn/a78.8%65.6%-18.4%-25.9%
5 Yearn/a101.0%78.9%-15.6%-29.3%

Price Volatility Vs. Market

How volatile is Solarpack Corporacion Tecnologica's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Solarpack Corporacion Tecnologica undervalued compared to its fair value and its price relative to the market?

27.05x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SPK's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SPK's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SPK is good value based on its PE Ratio (27.1x) compared to the Renewable Energy industry average (27.5x).

PE vs Market: SPK is poor value based on its PE Ratio (27.1x) compared to the Spanish market (15.3x).


Price to Earnings Growth Ratio

PEG Ratio: SPK's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: SPK is overvalued based on its PB Ratio (3.1x) compared to the XE Renewable Energy industry average (1.7x).


Next Steps

Future Growth

How is Solarpack Corporacion Tecnologica forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-0.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPK's earnings are forecast to decline over the next 3 years (-0.2% per year).

Earnings vs Market: SPK's earnings are forecast to decline over the next 3 years (-0.2% per year).

High Growth Earnings: SPK's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SPK's revenue (7.8% per year) is forecast to grow faster than the Spanish market (5.6% per year).

High Growth Revenue: SPK's revenue (7.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SPK's Return on Equity is forecast to be low in 3 years time (10.8%).


Next Steps

Past Performance

How has Solarpack Corporacion Tecnologica performed over the past 5 years?

9.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPK has a large one-off gain of €5.8M impacting its March 31 2020 financial results.

Growing Profit Margin: SPK's current net profit margins (15.7%) are higher than last year (12.2%).


Past Earnings Growth Analysis

Earnings Trend: SPK's earnings have grown by 9% per year over the past 5 years.

Accelerating Growth: SPK's earnings growth over the past year (422.1%) exceeds its 5-year average (9% per year).

Earnings vs Industry: SPK earnings growth over the past year (422.1%) exceeded the Renewable Energy industry 28.6%.


Return on Equity

High ROE: SPK's Return on Equity (11.5%) is considered low.


Next Steps

Financial Health

How is Solarpack Corporacion Tecnologica's financial position?


Financial Position Analysis

Short Term Liabilities: SPK's short term assets (€123.6M) exceed its short term liabilities (€114.8M).

Long Term Liabilities: SPK's short term assets (€123.6M) do not cover its long term liabilities (€417.1M).


Debt to Equity History and Analysis

Debt Level: SPK's debt to equity ratio (277.2%) is considered high.

Reducing Debt: SPK's debt to equity ratio has increased from 217.8% to 277.2% over the past 5 years.

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

Interest Coverage: SPK's interest payments on its debt are not well covered by EBIT (1.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Solarpack Corporacion Tecnologica current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SPK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

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


Next Steps

Management

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

1.9yrs

Average board tenure


CEO

Pablo Burgos Galindez

14.17yrs

Tenure

Mr. Pablo Burgos Galindez serves as Chief Executive Officer and Director at Solarpack Corporacion Technologica, S.L. since May 12, 2006. Mr. Burgos Galindez founded Solarpack Corporacion Technologica, S.L. ...


Board Members

NamePositionTenureCompensationOwnership
Pablo Burgos Galindez
CEO & Executive Director14.17yrsno datano data
Ignacio Artazcoz Barrena
Executive Vice Chairman of the Board1.5yrsno data0.11% 547.6k
Gina Domanig
Independent Director1.67yrsno datano data
Jose Maria Galindez Zubiria
Chairman of the Board15.5yrsno datano data
Begona Beltran de Heredia Villa
Independent Director1.92yrsno datano data
Ines Arellano Galindez
Director1.92yrsno datano data
Rafael Agustin Canales Abaitua
Director1.5yrsno data0.0024% 12.1k

1.9yrs

Average Tenure

Experienced Board: SPK's board of directors are not considered experienced ( 1.9 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 not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Solarpack Corporacion Tecnologica, S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Solarpack Corporacion Tecnologica, S.A.
  • Ticker: SPK
  • Exchange: BME
  • Founded: 2005
  • Industry: Independent Power Producers and Energy Traders
  • Sector: Utilities
  • Market Cap: €503.783m
  • Shares outstanding: 33.25m
  • Website: https://www.solarpack.es

Number of Employees


Location

  • Solarpack Corporacion Tecnologica, S.A.
  • Avenida de Algorta 16, 3º
  • Getxo
  • Basque Country
  • 48992
  • Spain

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SPKBME (Bolsas y Mercados Espanoles)YesOrdinary SharesESEURDec 2018
SPZBST (Boerse-Stuttgart)YesOrdinary SharesDEEURDec 2018
SPK NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNDec 2018
SPZDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2018
SPKEBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURDec 2018

Biography

Solarpack Corporación Tecnológica, S.A., a multinational company, specializes in electrical generating projects, primarily in the field of solar photovoltaic energy. It engages in the development, financing, construction, operation and maintenance, and asset management of photovoltaic solar power plants. The company generates energy through 11 solar photovoltaic plants located in 4 countries that add a total capacity of 252 MWdc. It operates in Spain, Chile, Peru, Uruguay, Colombia, the United States, South Africa, Malaysia, Vietnam, and India. The company was founded in 2005 and is based in Getxo, Spain. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/07 20:56
End of Day Share Price2020/07/07 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.