NasdaqGS:SPI

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Worrying balance sheet with weak fundamentals.


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

Stable Share Price: SPI is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: SPI's weekly volatility has decreased from 176% to 14% over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

-6.8%

SPI

-6.9%

US Semiconductor

-3.4%

US Market


1 Year Return

600.1%

SPI

57.1%

US Semiconductor

29.4%

US Market

Return vs Industry: SPI exceeded the US Semiconductor industry which returned 57.1% over the past year.

Return vs Market: SPI exceeded the US Market which returned 29.4% over the past year.


Shareholder returns

SPIIndustryMarket
7 Day-6.8%-6.9%-3.4%
30 Day-29.6%-1.3%0.6%
90 Day-16.2%7.3%6.3%
1 Year600.1%600.1%59.7%57.1%32.2%29.4%
3 Year-5.9%-5.9%98.0%87.9%51.3%41.7%
5 Yearn/a323.4%282.5%119.6%95.2%

Long-Term 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 compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether SPI Energy is trading at an attractive price based on the cash flow it is expected to produce in the future. But as SPI Energy has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of SPI's management and see if the CEO's compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Explore potentially undervalued companies in the Semiconductors industry.

Future Growth

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

16.5%

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?

41.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPI is currently unprofitable.

Growing Profit Margin: SPI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SPI is unprofitable, but has reduced losses over the past 5 years at a rate of 41.1% per year.

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

Earnings vs Industry: SPI is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (18.2%).


Return on Equity

High ROE: SPI has a negative Return on Equity (-1860.73%), as it is currently unprofitable.


Next Steps

Financial Health

How is SPI Energy's financial position?


Financial Position Analysis

Short Term Liabilities: SPI's short term assets ($57.5M) do not cover its short term liabilities ($164.7M).

Long Term Liabilities: SPI's short term assets ($57.5M) exceed its long term liabilities ($14.7M).


Debt to Equity History and Analysis

Debt Level: SPI's debt to equity ratio (29538.5%) is considered high.

Reducing Debt: SPI's debt to equity ratio has increased from 51.2% to 29538.5% over the past 5 years.


Balance Sheet


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.

Stable Cash Runway: Insufficient data to determine if SPI has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if SPI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Denton Peng (45 yo)

5yrs

Tenure

Mr. Xiaofeng Peng, also known as Denton, has been the Chief Executive Officer of SPI Energy Co., Ltd. since March 25, 2016 and its Executive Chairman and Director since January 10, 2011. Mr. Peng served as...


Leadership Team

NamePositionTenureCompensationOwnership
Xiaofeng Peng
Executive Chairman & CEO5yrsno data3.7%
$ 6.5m
HoongKhoeng Cheong
COO & Director3.5yrsno datano data
Wenbing Christopher Wang
Senior Vice President of Finance0.33yrno datano data
Scott Sullivan
Chief Marketing Officer & President of SPI US Region3.17yrsno datano data
Kevin Qi
Senior Vice President4.58yrsno datano data
Fei Yun
Senior Vice President4.42yrsno datano data
Michael Kim
VP & Finance Controller2.58yrsno datano data
Guanning Liang
Vice President of Finance4.08yrsno datano data

4.3yrs

Average Tenure

49yo

Average Age

Experienced Management: SPI's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Xiaofeng Peng
Executive Chairman & CEO5yrsno data3.7%
$ 6.5m
HoongKhoeng Cheong
COO & Director3.5yrsno datano data
Wai Fung Ngai
Independent Director4.83yrsno datano data
Jing Zhang
Independent Director1yrno datano data
Lu Qing
Independent Director3.83yrsno datano data

3.8yrs

Average Tenure

55yo

Average Age

Experienced Board: SPI's board of directors are considered experienced (3.8 years average tenure).


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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 62.3%.


Top Shareholders

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: NaN
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$175.899m
  • Shares outstanding: 23.71m
  • Website: https://www.spigroups.com

Number of Employees


Location

  • SPI Energy Co., Ltd.
  • Delta House
  • South Wing, Unit 15-16, 19th Floor
  • Sha Tin
  • 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 Analysis2021/03/05 00:12
End of Day Share Price2021/03/04 00:00
Earnings2020/06/30
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.