The SPAR Group Ltd

JSE:SPP Stock Report

Market Cap: R21.6b

SPAR Group Past Earnings Performance

Past criteria checks 4/6

SPAR Group's earnings have been declining at an average annual rate of -9.9%, while the Consumer Retailing industry saw earnings growing at 12.1% annually. Revenues have been growing at an average rate of 5% per year. SPAR Group's return on equity is 24%, and it has net margins of 1%.

Key information

-9.92%

Earnings growth rate

-9.93%

EPS growth rate

Consumer Retailing Industry Growth8.21%
Revenue growth rate5.05%
Return on equity23.97%
Net Margin1.04%
Next Earnings Update20 Nov 2025

Recent past performance updates

Solid Earnings Reflect SPAR Group's (JSE:SPP) Strength As A Business

Jun 12
Solid Earnings Reflect SPAR Group's (JSE:SPP) Strength As A Business

Recent updates

Solid Earnings Reflect SPAR Group's (JSE:SPP) Strength As A Business

Jun 12
Solid Earnings Reflect SPAR Group's (JSE:SPP) Strength As A Business

What Does The Future Hold For The SPAR Group Ltd (JSE:SPP)? These Analysts Have Been Cutting Their Estimates

Jun 11
What Does The Future Hold For The SPAR Group Ltd (JSE:SPP)? These Analysts Have Been Cutting Their Estimates

The SPAR Group Ltd (JSE:SPP) Not Lagging Market On Growth Or Pricing

May 03
The SPAR Group Ltd (JSE:SPP) Not Lagging Market On Growth Or Pricing

Here's What's Concerning About SPAR Group's (JSE:SPP) Returns On Capital

Apr 04
Here's What's Concerning About SPAR Group's (JSE:SPP) Returns On Capital
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Operational Efficiencies And company2U Expansion Will Strengthen Future Performance

Enhancements in operational efficiencies and strategic exits are geared towards better margins and increased investor confidence through improved financial metrics.

Is SPAR Group (JSE:SPP) Using Too Much Debt?

Feb 08
Is SPAR Group (JSE:SPP) Using Too Much Debt?

Revenue & Expenses Breakdown

How SPAR Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

JSE:SPP Revenue, expenses and earnings (ZAR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
28 Mar 25151,0411,56518,7700
28 Dec 24151,6891,60718,7140
30 Sep 24152,3381,64818,6590
31 Mar 24141,3761,24015,8890
31 Dec 23143,9191,28116,9000
30 Sep 23146,4611,32217,9120
30 Jun 23143,7431,21817,5090
31 Mar 23139,5451,92016,5930
31 Dec 22137,5772,03616,2100
30 Sep 22135,6092,15215,8280
30 Jun 22133,4572,19815,4950
31 Mar 22131,3052,24415,1620
31 Dec 21129,6232,25514,9050
30 Sep 21127,9412,26614,6470
30 Jun 21128,3552,38814,5610
31 Mar 21128,7692,51114,4750
31 Dec 20126,5232,29314,1940
30 Sep 20124,2772,07513,9130
30 Jun 20119,6151,99413,0420
31 Mar 20114,9531,91312,1720
31 Dec 19112,2152,03811,5560
30 Sep 19109,4772,16310,9390
30 Jun 19107,3931,98110,7550
31 Mar 19105,3101,79910,5710
31 Dec 18103,1641,81310,3710
30 Sep 18101,0181,82710,1710
30 Jun 1899,5101,88510,0990
31 Mar 1898,0011,94210,0270
31 Dec 1796,6871,8819,7480
30 Sep 1795,3731,8219,4690
30 Jun 1795,6791,8599,1830
31 Mar 1795,9861,8988,8960
31 Dec 1693,3371,8568,1270
30 Sep 1690,6891,8157,3580
30 Jun 1684,9901,6396,3580
31 Mar 1679,2911,4635,3580
31 Dec 1576,2751,4425,1150
30 Sep 1573,2591,4214,8730
30 Jun 1569,0801,4534,4950
31 Mar 1564,9021,4864,1180
31 Dec 1459,6921,4153,6420
30 Sep 1454,4831,3453,1650
30 Jun 1452,0451,2942,9290

Quality Earnings: SPP has high quality earnings.

Growing Profit Margin: SPP's current net profit margins (1%) are higher than last year (0.9%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: SPP's earnings have declined by 9.9% per year over the past 5 years.

Accelerating Growth: SPP's earnings growth over the past year (26.1%) exceeds its 5-year average (-9.9% per year).

Earnings vs Industry: SPP earnings growth over the past year (26.1%) exceeded the Consumer Retailing industry 8.9%.

Return on Equity

High ROE: Whilst SPP's Return on Equity (23.97%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/12 05:27
End of Day Share Price 2025/06/12 00:00
Earnings2025/03/28
Annual Earnings2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The SPAR Group Ltd is covered by 23 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Darren CohnAbsa Bank Limited
Victor DimaArqaam Capital Research Offshore S.A.L.
Michael de NobregaAvior Capital Markets