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SPAR Group NasdaqCM:SGRP Stock Report

Last Price


Market Cap







03 Jul, 2022


Company Financials
SGRP fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance0/6
Financial Health4/6

SGRP Stock Overview

SPAR Group, Inc., together with its subsidiaries, provides merchandising and brand marketing services worldwide.

SPAR Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for SPAR Group
Historical stock prices
Current Share PriceUS$1.18
52 Week HighUS$3.86
52 Week LowUS$1.00
1 Month Change-9.92%
3 Month Change-6.35%
1 Year Change-13.87%
3 Year Change71.26%
5 Year Change12.38%
Change since IPO-76.40%

Recent News & Updates

Shareholder Returns

SGRPUS MediaUS Market

Return vs Industry: SGRP exceeded the US Media industry which returned -33.2% over the past year.

Return vs Market: SGRP exceeded the US Market which returned -21.2% over the past year.

Price Volatility

Is SGRP's price volatile compared to industry and market?
SGRP volatility
SGRP Average Weekly Movement11.3%
Media Industry Average Movement8.1%
Market Average Movement8.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.3%

Stable Share Price: SGRP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: SGRP's weekly volatility (11%) has been stable over the past year.

About the Company

19671,863Mike Matacunas

SPAR Group, Inc., together with its subsidiaries, provides merchandising and brand marketing services worldwide. The company offers syndicated and dedicated merchandising services at the retail store level for retailers, manufacturers, and distributors; and project services, such as new product launches, special seasonal or promotional merchandising, product support, product recalls, and in-store product demonstrations and in-store product sampling, as well as kiosk product replenishment, inventory control, new and existing store resets, re-merchandising, remodels and category implementations, and under annual or stand-alone project contracts or agreements. It also provides retailer specific services consisting of in-store services, including new store openings, new store sets and existing store resets and remodels, and under annual or stand-alone project contracts or agreements.

SPAR Group Fundamentals Summary

How do SPAR Group's earnings and revenue compare to its market cap?
SGRP fundamental statistics
Market CapUS$25.71m
Earnings (TTM)-US$2.02m
Revenue (TTM)US$253.62m


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SGRP income statement (TTM)
Cost of RevenueUS$206.52m
Gross ProfitUS$47.09m
Other ExpensesUS$49.12m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)-0.093
Gross Margin18.57%
Net Profit Margin-0.80%
Debt/Equity Ratio47.5%

How did SGRP perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


Is SGRP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SGRP?

Other financial metrics that can be useful for relative valuation.

SGRP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.2x
Enterprise Value/EBITDA5.9x
PEG Ration/a

Price to Sales Ratio vs Peers

How does SGRP's PS Ratio compare to its peers?

SGRP PS Ratio vs Peers
The above table shows the PS ratio for SGRP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average10.2x
LDSN Luduson G
STRN Stran
DRCT Direct Digital Holdings
NXTP NextPlay Technologies

Price-To-Sales vs Peers: SGRP is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (10.2x).

Price to Earnings Ratio vs Industry

How does SGRP's PE Ratio compare vs other companies in the US Media Industry?

Price-To-Sales vs Industry: SGRP is good value based on its Price-To-Sales Ratio (0.1x) compared to the US Media industry average (1.2x)

Price to Sales Ratio vs Fair Ratio

What is SGRP's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SGRP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.1x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate SGRP's Price-To-Sales Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of SGRP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate SGRP's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate SGRP's fair value for valuation analysis.

Price to Earnings Growth Ratio

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

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Future Growth

How is SPAR Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Media industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as SPAR Group has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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  • Examine SPAR Group's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.

Past Performance

How has SPAR Group performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SGRP is currently unprofitable.

Growing Profit Margin: SGRP is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: SGRP is unprofitable, but has reduced losses over the past 5 years at a rate of 31.3% per year.

Accelerating Growth: Unable to compare SGRP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SGRP is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (18.8%).

Return on Equity

High ROE: SGRP has a negative Return on Equity (4%), as it is currently unprofitable.

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Financial Health

How is SPAR Group's financial position?

Financial Health Score


Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SGRP's short term assets ($79.8M) exceed its short term liabilities ($55.0M).

Long Term Liabilities: SGRP's short term assets ($79.8M) exceed its long term liabilities ($1.4M).

Debt to Equity History and Analysis

Debt Level: SGRP's net debt to equity ratio (13.9%) is considered satisfactory.

Reducing Debt: SGRP's debt to equity ratio has increased from 37.4% to 47.5% over the past 5 years.

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

Interest Coverage: SGRP's interest payments on its debt are well covered by EBIT (12.9x coverage).

Balance Sheet

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What is SPAR Group current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SGRP's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SGRP has not reported any payouts.

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


Average management tenure


Mike Matacunas (54 yo)





Mr. Michael R. Matacunas is also known as Mike is Chief Executive Officer, President and a Director at SPAR Group, Inc. since February 16, 2021. He is a Fortune 500 veteran with relevant leadership experi...

CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD348.09K) is below average for companies of similar size in the US market ($USD799.15K).

Compensation vs Earnings: Insufficient data to compare Mike's compensation with company performance.

Leadership Team

Experienced Management: SGRP's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Experienced Board: SGRP's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: SGRP insiders have only sold shares 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 2.5%.

Top Shareholders

Company Information

SPAR Group, Inc.'s employee growth, exchange listings and data sources

Key Information

  • Name: SPAR Group, Inc.
  • Ticker: SGRP
  • Exchange: NasdaqCM
  • Founded: 1967
  • Industry: Advertising
  • Sector: Media
  • Implied Market Cap: US$25.713m
  • Shares outstanding: 21.79m
  • Website:

Number of Employees


  • SPAR Group, Inc.
  • 1910 Opdyke Court
  • Auburn Hills
  • Michigan
  • 48326
  • United States


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Annual Earnings2021/12/31

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.