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Surge Components

OTCPK:SPRS
Snowflake Description

Outstanding track record and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SPRS
OTCPK
$14M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Surge Components, Inc. supplies electronic products and components. The last earnings update was 8 days ago. More info.


Add to Portfolio Compare Print
  • Surge Components has significant price volatility in the past 3 months.
SPRS Share Price and Events
7 Day Returns
-8.6%
OTCPK:SPRS
-0.7%
US Electronic
-0.1%
US Market
1 Year Returns
138.7%
OTCPK:SPRS
11%
US Electronic
7.6%
US Market
SPRS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Surge Components (SPRS) -8.6% 55.9% 253.3% 138.7% 248.7% 244.2%
US Electronic -0.7% 7.5% 19.8% 11% 66.2% 68.6%
US Market -0.1% 3.7% 10.2% 7.6% 38.1% 46.4%
1 Year Return vs Industry and Market
  • SPRS outperformed the Electronic industry which returned 11% over the past year.
  • SPRS outperformed the Market in United States of America which returned 7.6% over the past year.
Price Volatility
SPRS
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Surge Components to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Surge Components.

OTCPK:SPRS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:SPRS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.068 (1 + (1- 21%) (0.2%))
1.047
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.047 * 5.96%)
8.97%

Discounted Cash Flow Calculation for OTCPK:SPRS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Surge Components is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:SPRS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.97%)
2019 1.16 Est @ 19.62% 1.07
2020 1.33 Est @ 14.55% 1.12
2021 1.48 Est @ 11.01% 1.14
2022 1.60 Est @ 8.52% 1.14
2023 1.71 Est @ 6.79% 1.11
2024 1.81 Est @ 5.57% 1.08
2025 1.89 Est @ 4.72% 1.04
2026 1.97 Est @ 4.12% 0.99
2027 2.04 Est @ 3.7% 0.94
2028 2.11 Est @ 3.41% 0.90
Present value of next 10 years cash flows $10.53
OTCPK:SPRS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $2.11 × (1 + 2.73%) ÷ (8.97% – 2.73%)
$34.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $34.82 ÷ (1 + 8.97%)10
$14.75
OTCPK:SPRS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $10.53 + $14.75
$25.28
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $25.28 / 5.38
$4.7
OTCPK:SPRS Discount to Share Price
Calculation Result
Value per share (USD) From above. $4.70
Current discount Discount to share price of $2.65
= -1 x ($2.65 - $4.70) / $4.70
43.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Surge Components is available for.
Intrinsic value
44%
Share price is $2.65 vs Future cash flow value of $4.7
Current Discount Checks
For Surge Components to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Surge Components's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Surge Components's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Surge Components's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Surge Components's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SPRS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-02-28) in USD $0.50
OTCPK:SPRS Share Price ** OTCPK (2019-04-23) in USD $2.65
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 21.6x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Surge Components.

OTCPK:SPRS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:SPRS Share Price ÷ EPS (both in USD)

= 2.65 ÷ 0.50

5.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Surge Components is good value based on earnings compared to the US Electronic industry average.
  • Surge Components is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Surge Components's expected growth come at a high price?
Raw Data
OTCPK:SPRS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-13.7%per year
United States of America Electronic Industry PEG Ratio Median Figure of 58 Publicly-Listed Electronic Companies 1.66x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Surge Components, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Surge Components's assets?
Raw Data
OTCPK:SPRS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-02-28) in USD $1.40
OTCPK:SPRS Share Price * OTCPK (2019-04-23) in USD $2.65
United States of America Electronic Industry PB Ratio Median Figure of 145 Publicly-Listed Electronic Companies 2.19x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
OTCPK:SPRS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:SPRS Share Price ÷ Book Value per Share (both in USD)

= 2.65 ÷ 1.40

1.89x

* Primary Listing of Surge Components.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Surge Components is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess Surge Components's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Surge Components has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

  • No analysts cover Surge Components, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-13.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Surge Components expected to grow at an attractive rate?
  • Surge Components's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Surge Components's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Unable to compare Surge Components's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:SPRS Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SPRS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -13.7%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 16.5%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:SPRS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SPRS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-02-28 34 1 3
2018-11-30 32 1 2
2018-08-31 32 0 1
2018-05-31 31 1 1
2018-02-28 31 1 1
2017-11-30 30 1 0
2017-08-31 30 1 -1
2017-05-31 29 0 -1
2017-02-28 29 0 -1
2016-11-30 30 0 -1
2016-08-31 29 1 0
2016-05-31 29 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Surge Components's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Surge Components is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:SPRS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Surge Components Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SPRS Past Financials Data
Date (Data in USD Millions) EPS *
2019-02-28 0.50
2018-11-30 0.37
2018-08-31 0.19
2018-05-31 0.19
2018-02-28 0.14
2017-11-30 0.05
2017-08-31 -0.12
2017-05-31 -0.11
2017-02-28 -0.10
2016-11-30 -0.06
2016-08-31 0.04
2016-05-31 0.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Surge Components will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Surge Components's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Surge Components has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Surge Components performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Surge Components's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Surge Components's year on year earnings growth rate has been positive over the past 5 years.
  • Surge Components's 1-year earnings growth exceeds its 5-year average (254.2% vs 7.6%)
  • Surge Components's earnings growth has exceeded the US Electronic industry average in the past year (254.2% vs 62.1%).
Earnings and Revenue History
Surge Components's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Surge Components Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SPRS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-02-28 33.80 2.61 6.73
2018-11-30 32.37 1.96 6.72
2018-08-31 31.51 0.93 6.86
2018-05-31 30.92 1.01 6.83
2018-02-28 31.09 0.74 6.97
2017-11-30 29.78 0.35 7.14
2017-08-31 29.71 -0.98 8.42
2017-05-31 29.26 -1.01 8.39
2017-02-28 28.91 -1.01 8.27
2016-11-30 29.56 -0.57 7.91
2016-08-31 28.95 0.44 6.57
2016-05-31 29.05 0.42 6.45
2016-02-29 29.09 0.75 6.27
2015-11-30 29.73 0.86 6.30
2015-08-31 29.16 0.47 6.31
2015-05-31 28.37 0.51 6.17
2015-02-28 27.96 0.44 6.06
2014-11-30 27.22 0.43 5.91
2014-08-31 27.74 0.87 5.90
2014-05-31 27.14 0.99 5.82
2014-02-28 26.33 1.16 5.65
2013-11-30 25.29 1.23 5.52
2013-08-31 23.47 1.84 5.29
2013-05-31 22.57 1.71 5.27
2013-02-28 22.28 1.62 5.24
2012-11-30 22.32 1.50 5.33
2012-08-31 22.76 2.09 5.35
2012-05-31 23.02 2.36 5.30

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Surge Components has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Surge Components used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.
  • Surge Components has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Surge Components's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Surge Components has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Surge Components's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Surge Components's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Surge Components is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Surge Components's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Surge Components's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 369.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Surge Components Company Filings, last reported 1 month ago.

OTCPK:SPRS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-02-28 7.38 0.03 1.82
2018-11-30 6.69 0.03 1.76
2018-08-31 5.25 0.23 0.82
2018-05-31 4.91 0.26 1.31
2018-02-28 4.75 0.29 1.07
2017-11-30 4.71 0.54 1.09
2017-08-31 4.32 0.60 1.54
2017-05-31 3.90 0.80 0.58
2017-02-28 11.16 0.00 7.25
2016-11-30 11.51 0.00 7.12
2016-08-31 12.33 0.00 6.96
2016-05-31 11.96 0.00 7.23
2016-02-29 12.00 0.00 7.08
2015-11-30 11.90 0.00 7.17
2015-08-31 11.83 0.00 6.43
2015-05-31 11.44 0.00 6.84
2015-02-28 11.01 0.00 6.31
2014-11-30 10.71 0.00 6.17
2014-08-31 11.03 0.00 5.30
2014-05-31 10.61 0.00 5.37
2014-02-28 10.43 0.00 5.01
2013-11-30 10.24 0.00 4.29
2013-08-31 10.09 0.00 3.11
2013-05-31 9.55 0.00 3.88
2013-02-28 9.20 0.00 3.45
2012-11-30 8.94 0.00 3.44
2012-08-31 8.15 0.00 3.23
2012-05-31 7.73 0.00 3.23
  • Surge Components's level of debt (0.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 0.4% today).
  • Debt is well covered by operating cash flow (3433.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 192.9x coverage).
X
Financial health checks
We assess Surge Components's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Surge Components has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Surge Components's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Surge Components dividends.
If you bought $2,000 of Surge Components shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Surge Components's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Surge Components's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:SPRS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Surge Components has not reported any payouts.
  • Unable to verify if Surge Components's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Surge Components's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Surge Components 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.
X
Income/ dividend checks
We assess Surge Components's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Surge Components afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Surge Components has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ira Levy
COMPENSATION $468,538
AGE 61
TENURE AS CEO 37.4 years
CEO Bio

Mr. Ira Levy has been the Chief Executive Officer and the President at Surge Components, Inc. since November 1981 and has been its Chief Financial Officer since March 2010. From 1976 to 1981, Mr. Levy was employed by Capar Components Corp., an importer and supplier of capacitor and resistor products. He served as the Chief Executive Officer of Surge Components, Inc. during all of Fiscal 1998, Fiscal 1999 and until February 2000 and became Chief Executive Officer again in July 2001. Mr. Levy has been the Chairman and Director of Surge Components, Inc. since November 1981. Mr. Levy studied Business Management at Hofstra University.

CEO Compensation
  • Ira's compensation has been consistent with company performance over the past year.
  • Ira's remuneration is about average for companies of similar size in United States of America.
Management Team

Ira Levy

TITLE
CEO, CFO
COMPENSATION
$469K
AGE
61
TENURE
37.4 yrs

Steven Lubman

TITLE
VP, Secretary
COMPENSATION
$372K
AGE
63
Board of Directors Tenure

Average tenure and age of the Surge Components board of directors in years:

17.7
Average Tenure
61
Average Age
  • The average tenure for the Surge Components board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Ira Levy

TITLE
CEO, CFO
COMPENSATION
$469K
AGE
61
TENURE
37.4 yrs

Steven Lubman

TITLE
VP, Secretary
COMPENSATION
$372K
AGE
63
TENURE
37.4 yrs

Gary Jacobs

TITLE
Independent Director
COMPENSATION
$42K
AGE
67
TENURE
15.8 yrs

Alan Plafker

TITLE
Independent Director
COMPENSATION
$30K
AGE
59
TENURE
17.8 yrs

Lawrence Chariton

TITLE
Independent Director
COMPENSATION
$30K
AGE
60
TENURE
17.7 yrs

Marty Novick

TITLE
Director
COMPENSATION
$30K
AGE
82
TENURE
2.6 yrs

Peter Levy

TITLE
Director
COMPENSATION
$30K
AGE
58
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Surge Components's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Surge Components has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Surge Components, Inc. supplies electronic products and components. The company offers capacitors, which are electrical energy storage devices; and discrete components, such as semiconductor rectifiers, transistors, diodes, and circuit protection devices, as well as audible components, including audible transducers, buzzers, speakers, microphones, resonators, alarms, chimes, filters, and discriminators, as well as fuses, printed circuit boards, and switches. Its products are used in the electronic circuitry of various products, including automobiles, telecomm, audio, cellular telephones, computers, consumer electronics, garage door openers, household appliances, power supplies, and security equipment. The company sells its products to original equipment manufacturers and distributors through independent sales representatives or organizations in the United States, Canada, China and other Asian countries, South America, and Europe. Surge Components, Inc. was founded in 1981 and is headquartered in Deer Park, New York.

Details
Name: Surge Components, Inc.
SPRS
Exchange: OTCPK
Founded: 1981
$14,269,494
5,384,715
Website: http://www.surgecomponents.com
Address: Surge Components, Inc.
95 East Jefryn Boulevard,
Deer Park,
New York, 11729,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK SPRS Common Stock Pink Sheets LLC US USD 01. Aug 1996
Number of employees
Current staff
Staff numbers
36
Surge Components employees.
Industry
Technology Distributors
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 23:48
End of day share price update: 2019/04/23 00:00
Last earnings filing: 2019/04/15
Last earnings reported: 2019/02/28
Last annual earnings reported: 2018/11/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.