NasdaqGS:SPI

Stock Analysis Report

Executive Summary

SPI Energy Co., Ltd. provides photovoltaic solutions for business, residential, government, and utility customers and investors.

Snowflake

Fundamentals

Adequate balance sheet and slightly overvalued.

Risks

  • SPI Energy has significant price volatility in the past 3 months.
  • SPI Energy is not covered by any analysts.

Similar Companies

Share Price & News

How has SPI Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

43.5%

SPI

-0.8%

US Semiconductor

-0.2%

US Market


1 Year Return

22.2%

SPI

9.4%

US Semiconductor

1.1%

US Market

SPI outperformed the Semiconductor industry which returned 10.2% over the past year.

SPI outperformed the Market in United States of America which returned 1.6% over the past year.


Share holder returns

SPIIndustryMarket
7 Day43.5%-0.8%-0.2%
30 Day85.4%4.9%2.5%
90 Day70.1%12.0%1.6%
1 Year22.2%22.2%11.5%9.4%3.4%1.1%
3 Yearn/a83.0%72.2%45.2%35.8%
5 Yearn/a123.0%100.4%62.6%44.8%

Price Volatility Vs. Market

How volatile is SPI Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is SPI Energy undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

SPI Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).

SPI Energy's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

SPI Energy is loss making, we can't compare its value to the US Semiconductor industry average.

SPI Energy is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for SPI Energy, we can't assess if its growth is good value.


Price Based on Value of Assets

SPI Energy has negative assets, we can't compare the value of its assets to the US Semiconductor industry average.


Next Steps

Future Growth

How is SPI Energy expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.0%

Forecasted Semiconductors 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 SPI Energy 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.


Next Steps

Past Performance

How has SPI Energy performed over the past 5 years?

-14.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

SPI Energy does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare SPI Energy's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare SPI Energy's 1-year growth to the US Semiconductor industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if SPI Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

SPI Energy used its assets less efficiently than the US Semiconductor industry average last year based on Return on Assets.


Return on Capital Employed

It is difficult to establish if SPI Energy improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is SPI Energy's financial position?


Financial Position Analysis

SPI Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

SPI Energy's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

SPI Energy's level of debt (92628.6%) compared to net worth is high (greater than 40%).

SPI Energy had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1.1x debt.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Whilst loss making SPI Energy has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making SPI Energy has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -91.9% per year.


Next Steps

Dividend

What is SPI Energy's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate SPI Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate SPI Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as SPI Energy has not reported any payouts.

Unable to verify if SPI Energy's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as SPI Energy has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of SPI Energy's salary, the management and board of directors tenure and is there insider trading?

2.7yrs

Average management tenure


CEO

Xiaofeng Peng (44yo)

3.5yrs

Tenure

0

Mr. Xiaofeng Peng has been Chief Executive Officer of SPI Energy Co., Ltd. since March 25, 2016. Mr. Peng served as Chairman Emeritus and Senior Consultant of LDK Solar Co., Ltd. since August 29, 2014. He  ...


Management Age and Tenure

2.7yrs

Average Tenure

54yo

Average Age

The tenure for the SPI Energy management team is about average.


Board Age and Tenure

3.3yrs

Average Tenure

54.5yo

Average Age

The tenure for the SPI Energy board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Philip Yun (57yo)

    Senior Vice President

    • Tenure: 2.9yrs
  • Xiaofeng Peng (44yo)

    Executive Chairman & CEO

    • Tenure: 3.5yrs
  • Tairan Guo (41yo)

    Special Assistant to Chairman

    • Tenure: 2.8yrs
  • Paul Liang (39yo)

    Vice President of Finance

    • Tenure: 2.6yrs
  • Anthony Chan (55yo)

    CFO & Director

    • Tenure: 0yrs
  • Min Xiahou (55yo)

    Consultant

    • Tenure: 1.1yrs
  • HoongKhoeng Cheong (54yo)

    COO & Director

    • Tenure: 2yrs
  • Kevin Qi

    Senior Vice President

    • Tenure: 3.1yrs
  • Scott Sullivan

    Chief Marketing Officer & President of SPI US Region

    • Tenure: 1.7yrs
  • Michael Kim

    VP & Finance Controller

    • Tenure: 1.1yrs

Board Members

  • Maurice Ngai (57yo)

    Independent Director

    • Tenure: 3.3yrs
  • Xiaofeng Peng (44yo)

    Executive Chairman & CEO

    • Tenure: 3.5yrs
  • Anthony Chan (55yo)

    CFO & Director

    • Tenure: 0yrs
  • Lang Zhou (57yo)

    Independent Director

    • Tenure: 5.4yrs
  • HoongKhoeng Cheong (54yo)

    COO & Director

    • Tenure: 2yrs
  • Lu Qing (48yo)

    Director

    • Tenure: 2.3yrs

Company Information

SPI Energy Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SPI Energy Co., Ltd.
  • Ticker: SPI
  • Exchange: NasdaqGS
  • Founded:
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$47.897m
  • Shares outstanding: 14.51m
  • Website: https://www.spigroups.com

Number of Employees


Location

  • SPI Energy Co., Ltd.
  • Delta House
  • South Wing, Unit 15-16, 19th Floor
  • Shatin
  • New Territories
  • Hong Kong

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SPINasdaqGS (Nasdaq Global Select)YesNew Common StockUSUSDSep 2017
7XSPDB (Deutsche Boerse AG)YesNew Common StockDEEURSep 2017

Biography

SPI Energy Co., Ltd. provides photovoltaic solutions for business, residential, government, and utility customers and investors. It offers engineering, procurement, and construction services to independent ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 01:16
End of Day Share Price2019/09/19 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.