Spark Energy
Market Cap
US$389.7m
Last Updated
2021/01/16 00:48 UTC
Data Sources
Company Financials
Executive Summary
Spark Energy, Inc., through its subsidiaries, operates as an independent retail energy services company in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and good value.
Similar Companies
Share Price & News
How has Spark Energy's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SPKE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: SPKE's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
5.4%
SPKE
0.7%
US Electric Utilities
-0.9%
US Market
1 Year Return
11.9%
SPKE
-4.6%
US Electric Utilities
19.6%
US Market
Return vs Industry: SPKE exceeded the US Electric Utilities industry which returned -4.6% over the past year.
Return vs Market: SPKE underperformed the US Market which returned 21% over the past year.
Shareholder returns
| SPKE | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.4% | 0.7% | -0.9% |
| 30 Day | 13.6% | 2.8% | 3.0% |
| 90 Day | 26.7% | 0.7% | 11.5% |
| 1 Year | 20.9%11.9% | -1.4%-4.6% | 22.3%19.6% |
| 3 Year | 19.4%-4.8% | 27.9%17.1% | 45.3%35.7% |
| 5 Year | 25.6%-9.5% | 49.4%27.9% | 124.8%99.9% |
Long-Term Price Volatility Vs. Market
How volatile is Spark Energy's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Spark Energy, Inc. (NASDAQ:SPKE) A Great Dividend Stock?4 weeks ago | Simply Wall St
Spark Energy (NASDAQ:SPKE) Share Prices Have Dropped 22% In The Last Three Years1 month ago | Simply Wall St
Four Days Left To Buy Spark Energy, Inc. (NASDAQ:SPKE) Before The Ex-Dividend DateValuation
Is Spark Energy undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SPKE ($10.85) is trading below our estimate of fair value ($69.73)
Significantly Below Fair Value: SPKE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SPKE is good value based on its PE Ratio (9.3x) compared to the US Electric Utilities industry average (19.7x).
PE vs Market: SPKE is good value based on its PE Ratio (9.3x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SPKE's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SPKE is overvalued based on its PB Ratio (2.5x) compared to the US Electric Utilities industry average (1.8x).
Next Steps
Future Growth
How is Spark Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
11.0%
Forecasted Utilities 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 Spark 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
- Examine whether Spark Energy is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Utilities industry.
Past Performance
How has Spark Energy performed over the past 5 years?
-3.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPKE has high quality earnings.
Growing Profit Margin: SPKE became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: SPKE's earnings have declined by 3.5% per year over the past 5 years.
Accelerating Growth: SPKE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SPKE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electric Utilities industry (6.1%).
Return on Equity
High ROE: SPKE's Return on Equity (33.1%) is considered high.
Next Steps
Financial Health
How is Spark Energy's financial position?
Financial Position Analysis
Short Term Liabilities: SPKE's short term assets ($196.8M) exceed its short term liabilities ($83.3M).
Long Term Liabilities: SPKE's short term assets ($196.8M) exceed its long term liabilities ($100.5M).
Debt to Equity History and Analysis
Debt Level: SPKE's debt to equity ratio (56.2%) is considered high.
Reducing Debt: SPKE's debt to equity ratio has reduced from 154.7% to 56.2% over the past 5 years.
Debt Coverage: SPKE's debt is well covered by operating cash flow (99%).
Interest Coverage: SPKE's interest payments on its debt are well covered by EBIT (10.5x coverage).
Balance Sheet
Next Steps
Dividend
What is Spark Energy current dividend yield, its reliability and sustainability?
6.68%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SPKE's dividend (6.68%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: SPKE's dividend (6.68%) is in the top 25% of dividend payers in the US market (3.84%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SPKE has been paying a dividend for less than 10 years.
Growing Dividend: SPKE's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (61.8%), SPKE's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.1yrs
Average management tenure
CEO
William Maxwell (55 yo)
0.83
Tenure
US$250,000
Compensation
Mr. William Keith Maxwell, III was Founder and Chief Executive Officer of Spark Energy Gas L.P. since 1999. Mr. Maxwell served as the President at Spark Energy Gas L.P. Mr. Maxwell has been the Executive C...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.83yr | US$250.00k | 17.84% $ 69.5m | |
| CFO & Chief Risk Officer | 1.58yrs | US$952.43k | 0.33% $ 1.3m | |
| Chief Operating Officer | 0.83yr | no data | no data | |
| Investor Relations Professional | no data | no data | no data | |
| Head of Retail Market | 1.33yrs | no data | no data |
1.1yrs
Average Tenure
55yo
Average Age
Experienced Management: SPKE's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.83yr | US$250.00k | 17.84% $ 69.5m | |
| Independent Director | 6.42yrs | US$191.17k | 0.33% $ 1.3m | |
| Independent Director | 4.67yrs | US$174.93k | 0.27% $ 1.0m | |
| Independent Director | 1.42yrs | US$79.27k | 0.036% $ 140.8k |
5.5yrs
Average Tenure
56yo
Average Age
Experienced Board: SPKE's board of directors are considered experienced (5.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SPKE insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Spark Energy, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Spark Energy, Inc.
- Ticker: SPKE
- Exchange: NasdaqGS
- Founded: 1999
- Industry: Electric Utilities
- Sector: Utilities
- Implied Market Cap: US$389.700m
- Market Cap: US$158.706m
- Shares outstanding: 35.43m
- Website: https://www.sparkenergy.com
Number of Employees
Location
- Spark Energy, Inc.
- 12140 Wickchester Lane
- Suite 100
- Houston
- Texas
- 77079
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SPKE | NasdaqGS (Nasdaq Global Select) | Yes | Class A Common Stock | US | USD | Jul 2014 |
| SLE | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Jul 2014 |
| SPKE.P | NasdaqGS (Nasdaq Global Select) | PFD SER A | US | USD | Mar 2017 |
Biography
Spark Energy, Inc., through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. Th...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 00:48 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.