Spruce Power Holding Corporation

NYSE:SPRU Stock Report

Market Cap: US$42.3m

Spruce Power Holding Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

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

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

Key Valuation Metric

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

Key metric: As SPRU is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for SPRU. This is calculated by dividing SPRU's market cap by their current revenue.
What is SPRU's PS Ratio?
PS Ratio0.5x
SalesUS$79.72m
Market CapUS$42.31m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SPRU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.1x
AZRE.F Azure Power Global
0.2xn/aUS$48.8m
ELLO Ellomay Capital
4.2xn/aUS$189.2m
NOVA Sunnova Energy International
0.7x17.7%US$528.5m
AMPS Altus Power
3.4x17.5%US$619.2m
SPRU Spruce Power Holding
0.5x2.4%US$42.3m

Price-To-Sales vs Peers: SPRU is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (2.1x).

Price to Sales Ratio vs Industry

How does SPRU's PS Ratio compare vs other companies in the US Renewable Energy Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
AZRE.F Azure Power Global
0.2xn/aUS$48.77m
VVPR VivoPower International
0.3xn/aUS$3.59m
No more companies available in this PS range
SPRU 0.5xIndustry Avg. 2.2xNo. of Companies5PS0246810+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SPRU is good value based on its Price-To-Sales Ratio (0.5x) compared to the North American Renewable Energy industry average (2.2x).

Price to Sales Ratio vs Fair Ratio

What is SPRU'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.

SPRU PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ratio1.9x

Price-To-Sales vs Fair Ratio: SPRU is good value based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (1.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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