Announcement • Jul 28
Spur Tree Spices Jamaica Limited, Annual General Meeting, Aug 18, 2025 Spur Tree Spices Jamaica Limited, Annual General Meeting, Aug 18, 2025. Location: courtleigh hotel & suites, 85 knutsford boulevard, kingston 5, Jamaica Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: JA$0 (vs JA$0.02 in 3Q 2023) Third quarter 2024 results: EPS: JA$0. Revenue: JA$420.5m (up 4.1% from 3Q 2023). Net income: JA$35.7m (up 41% from 3Q 2023). Profit margin: 8.5% (up from 6.3% in 3Q 2023). The increase in margin was driven by higher revenue. Announcement • Sep 20
Spur Tree Spices Jamaica Limited Appoints Mr. Kareem Tomlinson as Non-Executive Director Spur Tree Spices Jamaica Limited (Spur Tree Spices) announced the appointment of Mr. Kareem Tomlinson, as a Non-Executive Director with effect from September 15, 2024. The company also announced that Mr. Kareem Tomlinson has been appointed to serve as a member of the Audit & Risk Committee as from September 19, 2024. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: JA$0.005 (vs JA$0.002 in 2Q 2023) Second quarter 2024 results: EPS: JA$0.005 (up from JA$0.002 in 2Q 2023). Revenue: JA$328.8m (up 18% from 2Q 2023). Net income: JA$14.1m (up 364% from 2Q 2023). Profit margin: 4.3% (up from 1.1% in 2Q 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to JA$3.24, the stock trades at a trailing P/E ratio of 64.9x. Average trailing P/E is 15x in the Food industry in Jamaica. Total returns to shareholders of 19% over the past year. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JA$2.85, the stock trades at a trailing P/E ratio of 57.1x. Average trailing P/E is 16x in the Food industry in Jamaica. Total returns to shareholders of 4.3% over the past year. Reported Earnings • Feb 18
Full year 2023 earnings released: EPS: JA$0.05 (vs JA$0.07 in FY 2022) Full year 2023 results: EPS: JA$0.05 (down from JA$0.07 in FY 2022). Revenue: JA$1.46b (up 42% from FY 2022). Net income: JA$83.8m (down 28% from FY 2022). Profit margin: 5.7% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JA$2.88, the stock trades at a trailing P/E ratio of 72x. Average trailing P/E is 18x in the Food industry in Jamaica. Total loss to shareholders of 1.7% over the past year. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to JA$2.89, the stock trades at a trailing P/E ratio of 68.2x. Average trailing P/E is 18x in the Food industry in Jamaica. Total loss to shareholders of 3.6% over the past year. Upcoming Dividend • Dec 14
Upcoming dividend of US$0.015 per share at 0.8% yield Eligible shareholders must have bought the stock before 21 December 2023. Payment date: 26 January 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Jamaican dividend payers (3.7%). Lower than average of industry peers (2.3%). Announcement • Dec 10
Spur Tree Spices Jamaica Limited Declares Dividend, Payable on January 26, 2024 Spur Tree Spices Jamaica Limited has advised that at a Board of Directors Meeting held on December 8, 2023, a dividend payment of $0.0150 per share was declared. It will be paid on January 26, 2024, to the Company’s shareholders on record as of December 22, 2023, and the ex-dividend date is December 21, 2023. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JA$2.49, the stock trades at a trailing P/E ratio of 58.7x. Average trailing P/E is 17x in the Food industry in Jamaica. Total returns to shareholders of 267% over the past year. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JA$2.45, the stock trades at a trailing P/E ratio of 57.8x. Average trailing P/E is 16x in the Food industry in Jamaica. Total returns to shareholders of 229% over the past year. New Risk • Aug 19
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.7% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (5.7% net profit margin). Market cap is less than US$100m (JA$3.56b market cap, or US$23.1m). Reported Earnings • Aug 18
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: JA$278.2m (up 38% from 2Q 2022). Net income: JA$3.04m (down 92% from 2Q 2022). Profit margin: 1.1% (down from 19% in 2Q 2022). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JA$2.13, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 14x in the Food industry in Jamaica. Total returns to shareholders of 150% over the past year. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JA$3.06, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 17x in the Food industry in Jamaica. Total returns to shareholders of 286% over the past year. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JA$3.35, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 19x in the Food industry in Jamaica. Total returns to shareholders of 406% over the past year. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 16% share price gain to JA$3.50, the stock trades at a trailing P/E ratio of 42.3x. Average trailing P/E is 20x in the Food industry in Jamaica. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improved over the past week After last week's 32% share price gain to JA$3.80, the stock trades at a trailing P/E ratio of 47.2x. Average trailing P/E is 18x in the Food industry in Jamaica. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improved over the past week After last week's 17% share price gain to JA$3.99, the stock trades at a trailing P/E ratio of 53.6x. Average trailing P/E is 22x in the Food industry in Jamaica. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Feb 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 
