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SPP (Spar) Stock Analysis
Buy, Hold or Sell?

Let's analyze Spar together

I guess you are interested in SPAR Group Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • πŸ“Š Fundamental Analysis (FA) – Spar’s Financial Insights
  • πŸ“ˆ Technical Analysis (TA) – Spar’s Price Targets

I'm going to help you getting a better view of SPAR Group Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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1. Quick Overview

1.1. Quick analysis of Spar (30 sec.)










1.2. What can you expect buying and holding a share of Spar? (30 sec.)

How much money do you get?

How much money do you get?
R0.00
When do you have the money?
1 year
How often do you get paid?
90.0%

What is your share worth?

Current worth
R5,384.61
Expected worth in 1 year
R5,692.74
How sure are you?
100.0%

+ What do you gain per year?

Total Gains per Share
R308.13
Return On Investment
2.9%

For what price can you sell your share?

Current Price per Share
R10,785.00
Expected price per share
R9,300 - R12,249
How sure are you?
50%
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2. Detailed Analysis

2.1. Valuation of Spar (5 min.)




Live pricePrice per Share (EOD)
R10,785.00
Intrinsic Value Per Share
R7,372.80 - R24,544.25
Total Value Per Share
R12,757.41 - R29,928.86

2.2. Growth of Spar (5 min.)




Is Spar growing?

Current yearPrevious yearGrowGrow %
How rich?$583m$574.4m$8.5m1.5%

How much money is Spar making?

Current yearPrevious yearGrowGrow %
Making money$19.7m$22.5m-$2.7m-14.0%
Net Profit Margin0.2%0.3%--

How much money comes from the company's main activities?

2.3. Financial Health of Spar (5 min.)




2.4. Comparing to competitors in the Food Distribution industry (5 min.)




  Industry Rankings (Food Distribution)  


Richest
#17 / 68

Most Profit
#15 / 68
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3. Summary and Key Metrics

3.1. What can you expect buying and holding a share of Spar?

Welcome investor! Spar's management wants to use your money to grow the business. In return you get a share of Spar.

First you should know what it really means to hold a share of Spar. And how you can make/lose money.

Speculation

The Price per Share of Spar is R10,785. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Spar.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Spar, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is R5,384.61. Based on the TTM, the Book Value Change Per Share is R77.03 per quarter. Based on the YOY, the Book Value Change Per Share is R112.85 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is R0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Spar.

How much money are you going to get?

 MRQTTMYOY3Y5Y10Y
 R% of Price per ShareR% of Price per ShareR% of Price per ShareR% of Price per ShareR% of Price per ShareR% of Price per Share
Usd Eps0.100.0%0.100.0%0.120.0%0.280.0%0.420.0%0.470.0%
Usd Book Value Change Per Share0.040.0%0.040.0%0.060.0%0.200.0%0.170.0%0.210.0%
Usd Dividend Per Share0.000.0%0.000.0%0.520.0%0.310.0%0.250.0%0.310.0%
Usd Total Gains Per Share0.040.0%0.040.0%0.580.0%0.500.0%0.420.0%0.520.0%
Usd Price Per Share7.62-7.62-6.53-7.40-8.78-9.56-
Price to Earnings Ratio74.20-74.20-55.80-47.61-35.44-27.71-
Price-to-Total Gains Ratio175.95-175.95-11.27-65.44-53.58-36.01-
Price to Book Ratio2.52-2.52-2.19-2.49-3.33-4.88-
Price-to-Total Gains Ratio175.95-175.95-11.27-65.44-53.58-36.01-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share6.06117
Number of shares164
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.25
Usd Book Value Change Per Share0.040.17
Usd Total Gains Per Share0.040.42
Gains per Quarter (164 shares)7.1069.34
Gains per Year (164 shares)28.40277.34
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
102818165112267
205746330225544
308574495337821
401141026604491098
501421308255621375
601701589906741652
7019918611557861929
8022721413208992206
90256242148510112483
100284270165011232760

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%20.00.00.0100.0%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%19.01.00.095.0%
Dividend per Share0.00.01.00.0%2.00.01.066.7%4.00.01.080.0%9.00.01.090.0%11.00.09.055.0%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%5.00.00.0100.0%10.00.00.0100.0%20.00.00.0100.0%
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3.2. Key Performance Indicators

The key performance indicators of SPAR Group Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-3Y+/-5 Year+/-10 Year+/-
Book Value Change Per Share--77.03277.0320%112.850-32%347.693-78%304.707-75%381.310-80%
Book Value Per Share--5384.6105384.6100%5307.579+1%5295.639+2%4863.335+11%3989.474+35%
Current Ratio--0.8970.8970%0.941-5%0.942-5%0.963-7%1.043-14%
Debt To Asset Ratio--0.8250.8250%0.834-1%0.8280%0.835-1%0.811+2%
Debt To Equity Ratio--4.7124.7120%5.029-6%4.852-3%5.104-8%4.442+6%
Dividend Per Share----0%919.334-100%546.344-100%447.573-100%544.722-100%
Enterprise Value---2114839456722.000-2114839456722.0000%-2727241713024.000+29%-2226493063238.000+5%-1544875701512.000-27%-22910270129.900-99%
Eps--182.658182.6580%208.376-12%502.641-64%751.363-76%843.724-78%
Ev To Ebitda Ratio---3.679-3.6790%-5.833+59%-4.190+14%-2.873-22%0.984-474%
Ev To Sales Ratio---0.139-0.1390%-0.183+32%-0.152+10%-0.108-22%0.030-571%
Free Cash Flow Per Share--1146.6631146.6630%1221.435-6%903.702+27%833.027+38%492.186+133%
Free Cash Flow To Equity Per Share---786.797-786.7970%-148.558-81%-619.483-21%-532.982-32%-88.916-89%
Gross Profit Margin---39.641-39.6410%-31.938-19%-23.763-40%-15.045-62%-8.794-78%
Intrinsic Value_10Y_max--24544.251----------
Intrinsic Value_10Y_min--7372.801----------
Intrinsic Value_1Y_max--1241.910----------
Intrinsic Value_1Y_min--560.045----------
Intrinsic Value_3Y_max--4659.387----------
Intrinsic Value_3Y_min--1847.506----------
Intrinsic Value_5Y_max--9195.639----------
Intrinsic Value_5Y_min--3305.712----------
Market Cap2077029138720.000-26%2611240543278.0002611240543278.0000%2239378286976.000+17%2537616936762.000+3%3012742298488.000-13%3283156729870.100-20%
Net Profit Margin--0.0020.0020%0.003-14%0.007-67%0.011-79%0.015-85%
Operating Margin--0.0230.0230%0.016+41%0.0230%0.026-12%0.027-16%
Operating Ratio--0.9810.9810%0.988-1%0.9820%0.979+0%0.977+0%
Pb Ratio2.003-26%2.5172.5170%2.191+15%2.489+1%3.326-24%4.879-48%
Pe Ratio59.045-26%74.20474.2040%55.803+33%47.614+56%35.443+109%27.709+168%
Price Per Share10785.000-26%13554.00013554.0000%11628.000+17%13172.667+3%15625.000-13%17006.900-20%
Price To Free Cash Flow Ratio9.406-26%11.82011.8200%9.520+24%21.045-44%37.824-69%42.798-72%
Price To Total Gains Ratio140.007-26%175.954175.9540%11.265+1462%65.444+169%53.577+228%36.011+389%
Quick Ratio--0.6110.6110%0.526+16%0.548+12%0.582+5%0.634-4%
Return On Assets--0.0060.0060%0.007-9%0.017-64%0.027-78%0.046-87%
Return On Equity--0.0340.0340%0.039-14%0.098-65%0.166-80%0.240-86%
Total Gains Per Share--77.03277.0320%1032.184-93%894.037-91%752.280-90%926.032-92%
Usd Book Value--583001940.000583001940.0000%574453920.000+1%573322426.667+2%526854768.000+11%432720892.000+35%
Usd Book Value Change Per Share--0.0430.0430%0.063-32%0.195-78%0.171-75%0.214-80%
Usd Book Value Per Share--3.0263.0260%2.983+1%2.976+2%2.733+11%2.242+35%
Usd Dividend Per Share----0%0.517-100%0.307-100%0.252-100%0.306-100%
Usd Enterprise Value---1188539774.678-1188539774.6780%-1532709842.719+29%-1251289101.540+5%-868220144.250-27%-12875571.813-99%
Usd Eps--0.1030.1030%0.117-12%0.282-64%0.422-76%0.474-78%
Usd Free Cash Flow--124151420.000124151420.0000%132199260.000-6%97831086.667+27%90239216.000+38%53330428.000+133%
Usd Free Cash Flow Per Share--0.6440.6440%0.686-6%0.508+27%0.468+38%0.277+133%
Usd Free Cash Flow To Equity Per Share---0.442-0.4420%-0.083-81%-0.348-21%-0.300-32%-0.050-89%
Usd Market Cap1167290375.961-26%1467517185.3221467517185.3220%1258530597.281+17%1426140718.460+3%1693161171.750-13%1845134082.187-20%
Usd Price Per Share6.061-26%7.6177.6170%6.535+17%7.403+3%8.781-13%9.558-20%
Usd Profit--19776780.00019776780.0000%22553060.000-12%54424080.000-64%81438296.000-76%91561040.000-78%
Usd Revenue--8561367500.0008561367500.0000%8392025660.000+2%8191541526.667+5%7749854112.000+10%6515784726.000+31%
Usd Total Gains Per Share--0.0430.0430%0.580-93%0.502-91%0.423-90%0.520-92%
 EOD+4 -4MRQTTM+0 -0YOY+17 -233Y+20 -205Y+14 -2610Y+11 -29

3.3 Fundamental Score

Let's check the fundamental score of SPAR Group Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1559.045
Price to Book Ratio (EOD)Between0-12.003
Net Profit Margin (MRQ)Greater than00.002
Operating Margin (MRQ)Greater than00.023
Quick Ratio (MRQ)Greater than10.611
Current Ratio (MRQ)Greater than10.897
Debt to Asset Ratio (MRQ)Less than10.825
Debt to Equity Ratio (MRQ)Less than14.712
Return on Equity (MRQ)Greater than0.150.034
Return on Assets (MRQ)Greater than0.050.006
Total3/10 (30.0%)

3.4 Technical Score

Let's check the technical score of SPAR Group Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
OpenGreater thanClose10,705.000
Total0/1 (0.0%)

4. In-depth Analysis

4.1 About SPAR Group Ltd

The SPAR Group Ltd engages in the wholesale and distribution of goods and services to grocery stores and other group retail outlets in South Africa and internationally. The company offers fresh produce, in-store bakery, butchery, deli, ready-to-eat meals, home-meal replacements, groceries, general merchandise, baked foods, liquor products, building and hardware products, coffee, dispensary and health-related products, confectionery, health and beauty, frozen foods, catering products, wines, and non-food items. The SPAR Group Ltd operates stores under the Bean Tree, PHARMACY at SPAR, Chikka Chicken, SPAR Freshline & SPAR Bakery, Good Living, McCoy Pies, SaveMor, SPAR Products, SPAR Signature Selection, SPAR Butchery, SPAR Express, and The Food Stall brands. The company was founded in 1932 and is headquartered in Pinetown, South Africa.

Fundamental data was last updated by Penke on 2025-06-10 22:21:05.

4.2 In-depth Summary

4.2.1. Financial Health Summary

Profitability Details
 Compared to previous yearCompared to industry
The company is not making a profit/loss.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just not able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

4.2.2. Valuation Summary

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is cheap.
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4.3 Financial Health

4.3.1. Profitability

4.3.1 Profitability
4.3.1.1. Net Profit Margin

Measures how much net profitΒ Spar earns for each 1 of revenue.

  • Above 10% is considered healthy but always compareΒ Spar to theΒ Food Distribution industry mean.
  • A Net Profit Margin of 0.2%Β means thatΒ 0.00 for each 1Β in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of SPAR Group Ltd:

  • The MRQ is 0.2%. The company is not making a profit/loss.
  • The TTM is 0.2%. The company is not making a profit/loss.
Trends
Current periodCompared to+/- 
MRQ0.2%TTM0.2%0.0%
TTM0.2%YOY0.3%0.0%
TTM0.2%5Y1.1%-0.9%
5Y1.1%10Y1.5%-0.4%
Compared to industry (Food Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2%2.0%-1.8%
TTM0.2%1.7%-1.5%
YOY0.3%0.9%-0.6%
3Y0.7%0.9%-0.2%
5Y1.1%1.1%+0.0%
10Y1.5%1.5%+0.0%
4.3.1.2. Return on Assets

Shows howΒ efficientΒ Spar is using its assets to generate profit.

  • Above 5% is considered healthyΒ but always compareΒ Spar to theΒ Food Distribution industry mean.
  • 0.6% Return on Assets means thatΒ Spar generatedΒ 0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of SPAR Group Ltd:

  • The MRQ is 0.6%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is 0.6%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ0.6%TTM0.6%0.0%
TTM0.6%YOY0.7%-0.1%
TTM0.6%5Y2.7%-2.1%
5Y2.7%10Y4.6%-1.9%
Compared to industry (Food Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6%1.0%-0.4%
TTM0.6%1.0%-0.4%
YOY0.7%0.7%0.0%
3Y1.7%0.7%+1.0%
5Y2.7%0.7%+2.0%
10Y4.6%1.0%+3.6%
4.3.1.3. Return on Equity

Shows how efficient Spar is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compareΒ Spar to theΒ Food Distribution industry mean.
  • 3.4% Return on Equity means Spar generated 0.03Β for eachΒ 1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of SPAR Group Ltd:

  • The MRQ is 3.4%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is 3.4%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ3.4%TTM3.4%0.0%
TTM3.4%YOY3.9%-0.5%
TTM3.4%5Y16.6%-13.2%
5Y16.6%10Y24.0%-7.4%
Compared to industry (Food Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ3.4%2.7%+0.7%
TTM3.4%2.9%+0.5%
YOY3.9%2.1%+1.8%
3Y9.8%2.2%+7.6%
5Y16.6%1.7%+14.9%
10Y24.0%2.4%+21.6%
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4.3.2. Operating Efficiency of SPAR Group Ltd.

4.3.2. Operating Efficiency
4.3.2.1. Operating Margin

MeasuresΒ how efficient Spar is operatingΒ .

  • Measures how much profit Spar makes for each 1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compareΒ Spar to theΒ Food Distribution industry mean.
  • An Operating Margin of 2.3%Β means the company generated 0.02 Β for each 1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of SPAR Group Ltd:

  • The MRQ is 2.3%. The company is operating less efficient.
  • The TTM is 2.3%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ2.3%TTM2.3%0.0%
TTM2.3%YOY1.6%+0.7%
TTM2.3%5Y2.6%-0.3%
5Y2.6%10Y2.7%-0.1%
Compared to industry (Food Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ2.3%2.7%-0.4%
TTM2.3%2.0%+0.3%
YOY1.6%1.7%-0.1%
3Y2.3%1.3%+1.0%
5Y2.6%1.7%+0.9%
10Y2.7%1.8%+0.9%
4.3.2.2. Operating Ratio

Measures how efficient Spar is keepingΒ operating costsΒ low.

  • Below 1 is considered healthy (always compare toΒ Food Distribution industry mean).
  • An Operation Ratio of 0.98 means that the operating costs are 0.98 for each 1 in net sales.

Let's take a look of the Operating Ratio trends of SPAR Group Ltd:

  • The MRQ is 0.981. The company is less efficient in keeping operating costs low.
  • The TTM is 0.981. The company is less efficient in keeping operating costs low.
Trends
Current periodCompared to+/- 
MRQ0.981TTM0.9810.000
TTM0.981YOY0.988-0.007
TTM0.9815Y0.979+0.002
5Y0.97910Y0.977+0.002
Compared to industry (Food Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9811.687-0.706
TTM0.9811.603-0.622
YOY0.9881.100-0.112
3Y0.9821.257-0.275
5Y0.9791.182-0.203
10Y0.9771.119-0.142
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4.4.3. Liquidity of SPAR Group Ltd.

4.4.3. Liquidity
4.4.3.1. Current Ratio

Measures if Spar is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare toΒ Food Distribution industry mean).
  • A Current Ratio of 0.90Β means the company has 0.90 in assets for each 1 in short-term debts.

Let's take a look of the Current Ratio trends of SPAR Group Ltd:

  • The MRQ is 0.897. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.897. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.897TTM0.8970.000
TTM0.897YOY0.941-0.045
TTM0.8975Y0.963-0.067
5Y0.96310Y1.043-0.080
Compared to industry (Food Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8971.838-0.941
TTM0.8971.883-0.986
YOY0.9411.709-0.768
3Y0.9421.759-0.817
5Y0.9631.735-0.772
10Y1.0431.824-0.781
4.4.3.2. Quick Ratio

Measures if Spar is able to pay off Short-term Debt but only usingΒ theΒ most liquid assets.

  • Above 1 is considered healthy butΒ always compareΒ Spar to theΒ Food Distribution industry mean.
  • A Quick Ratio of 0.61Β means the company can pay off 0.61 for each 1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of SPAR Group Ltd:

  • The MRQ is 0.611. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.611. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.611TTM0.6110.000
TTM0.611YOY0.526+0.085
TTM0.6115Y0.582+0.029
5Y0.58210Y0.634-0.052
Compared to industry (Food Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6110.716-0.105
TTM0.6110.709-0.098
YOY0.5260.768-0.242
3Y0.5480.779-0.231
5Y0.5820.842-0.260
10Y0.6341.031-0.397
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4.5.4. Solvency of SPAR Group Ltd.

4.5.4. Solvency
4.5.4.1. Debt to Asset Ratio

Measures how much %Β of SparΒ assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compareΒ Spar to Food Distribution industry mean.
  • A Debt to Asset Ratio of 0.82Β means that Spar assets areΒ financed with 82.5% credit (debt) and the remaining percentage (100% - 82.5%)Β is financed by its owners/shareholders.Β 

Let's take a look of the Debt to Asset Ratio trends of SPAR Group Ltd:

  • The MRQ is 0.825. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.825. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.825TTM0.8250.000
TTM0.825YOY0.834-0.009
TTM0.8255Y0.835-0.010
5Y0.83510Y0.811+0.023
Compared to industry (Food Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ0.8250.548+0.277
TTM0.8250.531+0.294
YOY0.8340.581+0.253
3Y0.8280.540+0.288
5Y0.8350.551+0.284
10Y0.8110.528+0.283
4.5.4.2. Debt to Equity Ratio

Measures ifΒ Spar is able toΒ pay off its debts by usingΒ shareholders equity.

  • Below 2 is considered healthy butΒ always compareΒ Spar to theΒ Food Distribution industry mean.
  • A Debt to Equity ratio of 471.2% means that company has 4.71 debt for each 1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of SPAR Group Ltd:

  • The MRQ is 4.712. The company is unable to pay all its debts with equity. -1
  • The TTM is 4.712. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ4.712TTM4.7120.000
TTM4.712YOY5.029-0.317
TTM4.7125Y5.104-0.391
5Y5.10410Y4.442+0.662
Compared to industry (Food Distribution)
PeriodCompanyIndustry (mean)+/- 
MRQ4.7121.131+3.581
TTM4.7121.123+3.589
YOY5.0291.250+3.779
3Y4.8521.140+3.712
5Y5.1041.199+3.905
10Y4.4421.300+3.142
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4.6. Market Valuation

4.6.1. Earnings Per Share
4.6.2.1. Price to Earnings Ratio

MeasuresΒ how much money you payΒ for each share forΒ every 1 in earnings Spar generates.

  • Above 15 is considered overpriced butΒ always compareΒ Spar to theΒ Food Distribution industry mean.
  • A PE ratio of 74.20 means the investor is paying 74.20Β for every 1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of SPAR Group Ltd:

  • The EOD is 59.045. Based on the earnings, the company is expensive. -2
  • The MRQ is 74.204. Based on the earnings, the company is expensive. -2
  • The TTM is 74.204. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD59.045MRQ74.204-15.159
MRQ74.204TTM74.2040.000
TTM74.204YOY55.803+18.401
TTM74.2045Y35.443+38.761
5Y35.44310Y27.709+7.734
Compared to industry (Food Distribution)
PeriodCompanyIndustry (mean)+/- 
EOD59.0458.562+50.483
MRQ74.2048.608+65.596
TTM74.2047.960+66.244
YOY55.80311.218+44.585
3Y47.61415.129+32.485
5Y35.44314.881+20.562
10Y27.70915.944+11.765
4.6.2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of SPAR Group Ltd:

  • The EOD is 9.406. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 11.820. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 11.820. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD9.406MRQ11.820-2.415
MRQ11.820TTM11.8200.000
TTM11.820YOY9.520+2.300
TTM11.8205Y37.824-26.004
5Y37.82410Y42.798-4.974
Compared to industry (Food Distribution)
PeriodCompanyIndustry (mean)+/- 
EOD9.4063.187+6.219
MRQ11.8203.296+8.524
TTM11.8201.138+10.682
YOY9.5201.680+7.840
3Y21.0451.767+19.278
5Y37.8241.695+36.129
10Y42.7980.059+42.739
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4.6.2. Book Value per Share
4.6.2.1. Price to Book Ratio

Measures if the stock price ofΒ Spar is to cheap or to expensiveΒ compared to its book value.

  • At or below 1 is considered healthyΒ (always compare to Food Distribution industry mean).
  • A PB ratio of 2.52 means the investor is paying 2.52Β for each 1 in book value.

Let's take a look of the Price to Book Ratio trends of SPAR Group Ltd:

  • The EOD is 2.003. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.517. Based on the equity, the company is underpriced. +1
  • The TTM is 2.517. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD2.003MRQ2.517-0.514
MRQ2.517TTM2.5170.000
TTM2.517YOY2.191+0.326
TTM2.5175Y3.326-0.809
5Y3.32610Y4.879-1.553
Compared to industry (Food Distribution)
PeriodCompanyIndustry (mean)+/- 
EOD2.0031.406+0.597
MRQ2.5171.151+1.366
TTM2.5171.113+1.404
YOY2.1911.276+0.915
3Y2.4891.306+1.183
5Y3.3261.718+1.608
10Y4.8792.143+2.736
4.6.2. Total Gains per Share
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6. Financial Statements




6.1. Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2020-09-302021-09-302022-09-302023-09-302024-09-30
Other Stockholders Equity  -1,530,000200,000-1,330,000-1,760,000-3,090,0002,940,000-150,000101,440,000101,290,000



6.2. Latest Balance Sheet

Balance Sheet of 2024-09-30. Currency in ZAR. All numbers in thousands.

Summary
Total Assets59,256,700
Total Liabilities48,883,000
Total Stockholder Equity10,373,700
 As reported
Total Liabilities 48,883,000
Total Stockholder Equity+ 10,373,700
Total Assets = 59,256,700

Assets

Total Assets59,256,700
Total Current Assets27,840,100
Long-term Assets31,416,600
Total Current Assets
Cash And Cash Equivalents 1,622,200
Net Receivables 17,355,200
Inventory 6,364,300
Other Current Assets 2,498,400
Total Current Assets  (as reported)27,840,100
Total Current Assets  (calculated)27,840,100
+/-0
Long-term Assets
Property Plant Equipment 17,607,200
Goodwill 4,647,500
Intangible Assets 3,517,500
Long-term Assets Other 5,511,600
Long-term Assets  (as reported)31,416,600
Long-term Assets  (calculated)31,283,800
+/- 132,800

Liabilities & Shareholders' Equity

Total Current Liabilities31,047,200
Long-term Liabilities17,835,800
Total Stockholder Equity10,373,700
Total Current Liabilities
Short-term Debt 7,295,300
Short Long Term Debt 5,322,500
Accounts payable 17,423,400
Other Current Liabilities 6,287,200
Total Current Liabilities  (as reported)31,047,200
Total Current Liabilities  (calculated)36,328,400
+/- 5,281,200
Long-term Liabilities
Long term Debt 5,072,800
Capital Lease Obligations 13,904,400
Long-term Liabilities  (as reported)17,835,800
Long-term Liabilities  (calculated)18,977,200
+/- 1,141,400
Total Stockholder Equity
Common Stock2,231,500
Retained Earnings 7,129,300
Other Stockholders Equity 1,012,900
Total Stockholder Equity (as reported)10,373,700
Total Stockholder Equity (calculated)10,373,700
+/-0
Other
Capital Stock2,231,500
Cash and Short Term Investments 1,622,200
Common Stock Shares Outstanding 192,655
Liabilities and Stockholders Equity 59,256,700
Net Debt 22,677,500
Net Invested Capital 20,769,000
Net Working Capital -3,207,100
Property Plant and Equipment Gross 34,489,200
Short Long Term Debt Total 24,299,700



6.3. Balance Sheets Structured

Currency in ZAR. All numbers in thousands.

 Trend2024-09-302023-09-302022-09-302021-09-302020-09-302019-09-302018-09-302017-09-302016-09-302015-09-302014-09-302013-09-302012-09-302011-09-302010-09-302009-09-302008-09-302007-09-302006-09-302005-09-30
> Total Assets 
2,703,100
3,536,600
5,057,500
5,833,900
6,539,800
7,528,900
8,301,600
9,895,300
9,785,700
16,946,100
19,330,300
27,355,800
28,210,600
31,255,500
34,052,900
52,738,600
52,066,800
57,118,200
61,595,800
59,256,700
59,256,70061,595,80057,118,20052,066,80052,738,60034,052,90031,255,50028,210,60027,355,80019,330,30016,946,1009,785,7009,895,3008,301,6007,528,9006,539,8005,833,9005,057,5003,536,6002,703,100
   > Total Current Assets 
2,049,800
2,699,700
3,815,000
4,284,300
4,683,600
5,522,900
6,177,800
7,672,800
7,404,800
11,268,700
12,559,200
16,745,400
16,772,200
18,175,900
19,840,500
24,362,900
23,647,800
25,985,700
28,219,300
27,840,100
27,840,10028,219,30025,985,70023,647,80024,362,90019,840,50018,175,90016,772,20016,745,40012,559,20011,268,7007,404,8007,672,8006,177,8005,522,9004,683,6004,284,3003,815,0002,699,7002,049,800
       Cash And Cash Equivalents 
68,700
68,600
453,500
57,900
68,500
85,200
96,400
841,600
112,200
436,200
481,300
2,040,000
1,740,500
1,606,900
1,486,300
1,933,500
1,644,600
1,112,800
1,708,000
1,622,200
1,622,2001,708,0001,112,8001,644,6001,933,5001,486,3001,606,9001,740,5002,040,000481,300436,200112,200841,60096,40085,20068,50057,900453,50068,60068,700
       Short-term Investments 
0
0
31,100
15,900
0
-139,100
-119,300
0
0
0
0
-318,300
200
300
400
900
-5,916,500
-5,839,700
-5,396,200
0
0-5,396,200-5,839,700-5,916,500900400300200-318,3000000-119,300-139,100015,90031,10000
       Net Receivables 
1,584,100
2,158,800
2,721,500
3,384,500
3,757,500
4,476,300
4,931,100
0
5,270,900
7,528,100
8,166,400
-222,200
11,244,300
12,516,200
13,576,400
16,723,600
16,443,400
18,038,600
19,456,600
17,355,200
17,355,20019,456,60018,038,60016,443,40016,723,60013,576,40012,516,20011,244,300-222,2008,166,4007,528,1005,270,90004,931,1004,476,3003,757,5003,384,5002,721,5002,158,8001,584,100
       Inventory 
385,000
449,300
594,500
795,700
853,100
959,200
1,135,000
1,415,600
1,374,000
2,202,700
2,430,400
3,810,900
3,816,400
3,933,100
4,447,000
5,377,300
5,303,400
6,554,000
6,760,200
6,364,300
6,364,3006,760,2006,554,0005,303,4005,377,3004,447,0003,933,1003,816,4003,810,9002,430,4002,202,7001,374,0001,415,6001,135,000959,200853,100795,700594,500449,300385,000
   > Long-term Assets 
653,300
836,900
1,242,500
1,549,600
1,856,200
2,006,000
2,123,800
2,222,500
2,380,900
5,677,400
6,771,100
10,610,400
11,438,400
13,079,600
14,212,400
28,375,700
28,419,000
31,132,500
33,376,500
31,416,600
31,416,60033,376,50031,132,50028,419,00028,375,70014,212,40013,079,60011,438,40010,610,4006,771,1005,677,4002,380,9002,222,5002,123,8002,006,0001,856,2001,549,6001,242,500836,900653,300
       Property Plant Equipment 
370,200
519,100
736,200
1,083,300
1,425,800
1,521,000
1,550,400
1,588,000
1,749,100
2,878,200
3,221,300
6,160,300
6,553,900
6,966,900
7,184,200
15,331,200
15,328,000
17,317,200
19,352,300
17,607,200
17,607,20019,352,30017,317,20015,328,00015,331,2007,184,2006,966,9006,553,9006,160,3003,221,3002,878,2001,749,1001,588,0001,550,4001,521,0001,425,8001,083,300736,200519,100370,200
       Goodwill 
245,600
245,600
245,600
245,600
245,600
299,700
381,900
391,000
387,600
2,545,200
1,604,700
2,330,000
2,452,500
2,648,700
2,931,600
4,175,500
4,065,300
4,356,500
4,711,200
4,647,500
4,647,5004,711,2004,356,5004,065,3004,175,5002,931,6002,648,7002,452,5002,330,0001,604,7002,545,200387,600391,000381,900299,700245,600245,600245,600245,600245,600
       Long Term Investments 
0
0
0
0
0
0
0
0
0
48,800
34,700
92,600
175,000
214,600
122,900
0
0
0
0
0
00000122,900214,600175,00092,60034,70048,800000000000
       Intangible Assets 
0
0
4,100
3,300
2,200
0
0
0
0
1,455,100
1,676,800
1,678,300
1,709,700
4,436,600
2,132,400
2,807,900
2,771,800
3,219,100
3,530,100
3,517,500
3,517,5003,530,1003,219,1002,771,8002,807,9002,132,4004,436,6001,709,7001,678,3001,676,8001,455,10000002,2003,3004,10000
       Long-term Assets Other 
24,300
72,200
269,700
214,100
143,300
1,500
600
232,600
162,500
159,800
199,600
410,900
531,800
1,447,400
1,766,300
5,714,500
6,025,600
5,986,100
5,396,200
5,511,600
5,511,6005,396,2005,986,1006,025,6005,714,5001,766,3001,447,400531,800410,900199,600159,800162,500232,6006001,500143,300214,100269,70072,20024,300
> Total Liabilities 
1,952,300
2,644,200
3,947,800
4,346,100
4,599,500
5,341,700
5,812,100
7,057,700
6,608,000
13,919,600
16,001,900
21,712,900
21,635,600
24,145,700
26,585,600
44,848,900
43,687,700
47,109,100
51,374,200
48,883,000
48,883,00051,374,20047,109,10043,687,70044,848,90026,585,60024,145,70021,635,60021,712,90016,001,90013,919,6006,608,0007,057,7005,812,1005,341,7004,599,5004,346,1003,947,8002,644,2001,952,300
   > Total Current Liabilities 
1,892,300
2,572,100
3,778,000
4,161,400
4,390,100
5,132,200
5,595,600
6,821,400
6,383,400
10,968,100
12,133,700
14,122,800
14,285,500
16,108,700
18,180,500
25,154,600
23,116,500
26,316,700
29,978,200
31,047,200
31,047,20029,978,20026,316,70023,116,50025,154,60018,180,50016,108,70014,285,50014,122,80012,133,70010,968,1006,383,4006,821,4005,595,6005,132,2004,390,1004,161,4003,778,0002,572,1001,892,300
       Short-term Debt 
68,500
27,100
0
310,000
351,000
531,100
151,900
35,400
152,800
1,126,800
660,000
1,066,900
695,700
726,100
2,406,000
3,469,400
4,900,800
5,724,900
6,220,600
7,295,300
7,295,3006,220,6005,724,9004,900,8003,469,4002,406,000726,100695,7001,066,900660,0001,126,800152,80035,400151,900531,100351,000310,000027,10068,500
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
2,931,000
87,200
773,000
632,900
674,600
2,346,800
1,741,000
3,076,300
3,748,300
4,120,100
5,322,500
5,322,5004,120,1003,748,3003,076,3001,741,0002,346,800674,600632,900773,00087,2002,931,000000000000
       Accounts payable 
0
2,031,100
3,691,900
3,707,000
3,099,600
3,506,600
4,308,900
6,772,600
4,805,600
7,686,700
8,655,300
9,769,600
10,342,600
11,704,400
11,552,600
14,878,000
13,434,800
15,422,300
17,776,600
17,423,400
17,423,40017,776,60015,422,30013,434,80014,878,00011,552,60011,704,40010,342,6009,769,6008,655,3007,686,7004,805,6006,772,6004,308,9003,506,6003,099,6003,707,0003,691,9002,031,1000
       Other Current Liabilities 
1,817,500
497,000
14,800
23,100
937,200
1,094,100
1,094,200
6,700
1,413,700
2,107,000
2,805,300
3,202,600
3,155,400
3,574,800
4,078,600
6,648,800
4,708,900
5,106,100
5,967,200
6,287,200
6,287,2005,967,2005,106,1004,708,9006,648,8004,078,6003,574,8003,155,4003,202,6002,805,3002,107,0001,413,7006,7001,094,2001,094,100937,20023,10014,800497,0001,817,500
   > Long-term Liabilities 
60,000
72,100
169,800
184,700
209,400
209,500
216,500
236,300
224,600
2,951,500
3,868,200
7,590,100
7,350,100
8,037,000
8,405,100
19,694,300
20,571,200
20,792,400
21,396,000
17,835,800
17,835,80021,396,00020,792,40020,571,20019,694,3008,405,1008,037,0007,350,1007,590,1003,868,2002,951,500224,600236,300216,500209,500209,400184,700169,80072,10060,000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
4,685,500
4,530,100
5,008,900
18,097,000
19,398,100
20,108,100
0
0
0020,108,10019,398,10018,097,0005,008,9004,530,1004,685,500000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
1,261,700
1,500,300
3,425,800
3,189,700
3,507,200
3,396,200
1,597,300
1,173,100
684,300
0
0
00684,3001,173,1001,597,3003,396,2003,507,2003,189,7003,425,8001,500,3001,261,700000000000
> Total Stockholder Equity
750,800
892,400
1,109,700
1,487,800
1,940,300
2,187,200
2,489,500
2,837,600
3,177,700
3,026,500
3,328,400
5,642,900
6,575,000
7,109,800
7,467,300
7,960,000
8,201,500
9,782,400
10,215,100
10,373,700
10,373,70010,215,1009,782,4008,201,5007,960,0007,467,3007,109,8006,575,0005,642,9003,328,4003,026,5003,177,7002,837,6002,489,5002,187,2001,940,3001,487,8001,109,700892,400750,800
   Common Stock
5,400
13,400
13,400
13,400
23,300
100
100
54,500
61,600
67,600
67,600
2,231,500
2,231,500
2,231,500
2,231,500
2,231,500
2,231,500
2,231,500
2,231,500
2,231,500
2,231,5002,231,5002,231,5002,231,5002,231,5002,231,5002,231,5002,231,5002,231,50067,60067,60061,60054,50010010023,30013,40013,40013,4005,400
   Retained Earnings 
726,900
943,800
1,220,500
1,473,600
1,686,200
1,903,000
2,175,800
2,467,000
2,803,300
3,148,500
3,371,000
3,902,300
4,765,900
5,211,600
5,496,100
5,153,500
5,406,900
6,644,700
6,771,400
7,129,300
7,129,3006,771,4006,644,7005,406,9005,153,5005,496,1005,211,6004,765,9003,902,3003,371,0003,148,5002,803,3002,467,0002,175,8001,903,0001,686,2001,473,6001,220,500943,800726,900
   Capital Surplus 00000000000000000000
   Treasury Stock00000000000000000000
   Other Stockholders Equity 
18,500
-64,800
-124,200
800
254,000
284,100
264,100
326,800
-42,800
-331,000
-193,500
-18,700
-422,400
-333,300
-23,900
-15,300
-13,300
-30,900
-1,500
1,012,900
1,012,900-1,500-30,900-13,300-15,300-23,900-333,300-422,400-18,700-193,500-331,000-42,800326,800264,100284,100254,000800-124,200-64,80018,500



6.4. Balance Sheets

Currency in ZAR. All numbers in thousands.




6.5. Cash Flows

Currency in ZAR. All numbers in thousands.




6.6. Income Statements

Currency in ZAR. All numbers in thousands.


6.7. Latest Income Statement

Income Statement (annual), 2024-09-30. Currency in ZAR. All numbers in thousands.

Gross Profit (+$)
totalRevenue152,337,500
Cost of Revenue-134,158,400
Gross Profit18,179,10018,179,100
 
Operating Income (+$)
Gross Profit18,179,100
Operating Expense-15,283,600
Operating Income2,895,5002,895,500
 
Operating Expense (+$)
Research Development0
Selling General Administrative4,210,000
Selling And Marketing Expenses14,301,600
Operating Expense15,283,60018,511,600
 
Net Interest Income (+$)
Interest Income596,400
Interest Expense-1,374,000
Other Finance Cost-5,400
Net Interest Income-783,000
 
Pretax Income (+$)
Operating Income2,895,500
Net Interest Income-783,000
Other Non-Operating Income Expenses0
Income Before Tax (EBT)2,116,9003,674,100
EBIT - interestExpense = 2,097,300
820,500
1,725,900
Interest Expense1,374,000
Earnings Before Interest and Taxes (EBIT)3,471,3003,490,900
Earnings Before Interest and Taxes (EBITDA)5,748,400
 
After tax Income (+$)
Income Before Tax2,116,900
Tax Provision-468,600
Net Income From Continuing Ops1,648,3001,648,300
Net Income351,900
Net Income Applicable To Common Shares0
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses149,442,000
Total Other Income/Expenses Net-778,600783,000
 

Technical Analysis of Spar
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Spar. The general trend of Spar is UNKNOWN with 0.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Spar's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator StateBullish trend Bearish trend
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Spar Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

SupportΒ is a price level at which demand for an asset is strong enough to prevent the price from falling further.
ResistanceΒ is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of SPAR Group Ltd.

The long score for the Support & Resistance is 1/1.
The longshort score for the Support & Resistance is 1/(-1 +1).

  • Around support: The price is currently trading around a support level. This can be considered as a potential entry level. +1

The bullish price targets are: 10,922 < 12,052 < 12,249.

The bearish price targets are: 10,604 > 10,241 > 9,300.

Know someone who trades $SPP? Share this with them.πŸ‘‡

SPAR Group Ltd Daily Support & Resistance Chart
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2. Trend Indicators

2.1 Moving Averages

Shows theΒ moving averageΒ of the selected period.

  • Moving averages are laggingΒ trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of SPAR Group Ltd. The current mas is .

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

SPAR Group Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows theΒ momentumΒ of theΒ selected period based on two moving averages.

  • MACD is aΒ lagging momentumΒ indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of SPAR Group Ltd.

SPAR Group Ltd Daily Moving Average Convergence/Divergence (MACD) ChartSPAR Group Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of SPAR Group Ltd. The current adx is .

SPAR Group Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • ShowsΒ the current trend.
  • ShowsΒ potential entry signals.
  • ShowsΒ Β potential exit signals.
  • Can be used to placeΒ trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of SPAR Group Ltd.

SPAR Group Ltd Daily Parabolic SAR Chart
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3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentumΒ indicator, meaning the signals are instant.
  • RangesΒ between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of SPAR Group Ltd.

SPAR Group Ltd Daily Relative Strength Index (RSI) ChartSPAR Group Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

ComparesΒ a certain price to multiple prices ranging over time.

  • LeadingΒ momentumΒ indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • RangesΒ between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of SPAR Group Ltd.

SPAR Group Ltd Daily Stochastic Oscillator ChartSPAR Group Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,Β the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of SPAR Group Ltd.

SPAR Group Ltd Daily Commodity Channel Index (CCI) ChartSPAR Group Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of SPAR Group Ltd.

SPAR Group Ltd Daily Chande Momentum Oscillator (CMO) ChartSPAR Group Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

Β Shows the current price relative to the highest high over the last 14 days.
Β 

  • Lagging momentum indicator
  • Ranging between 0 andΒ -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of SPAR Group Ltd.

SPAR Group Ltd Daily Williams %R ChartSPAR Group Ltd Daily Williams %R Chart
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4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversoldΒ 

Score

Let's take a look at the Bollinger Bands of SPAR Group Ltd.

SPAR Group Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of SPAR Group Ltd.

SPAR Group Ltd Daily Average True Range (ATR) ChartSPAR Group Ltd Daily Average True Range (ATR) Chart
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5. Volume Indicators

5.1 On-Balance Volume (OBV)

Β Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of SPAR Group Ltd.

SPAR Group Ltd Daily On-Balance Volume (OBV) ChartSPAR Group Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of SPAR Group Ltd.

SPAR Group Ltd Daily Money Flow Index (MFI) ChartSPAR Group Ltd Daily Money Flow Index (MFI) Chart
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6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for SPAR Group Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2025-02-05MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-02-06SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-13STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-17STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-18STOCH SHORT EXITThe %K line crosses above the %D line.
2025-02-20STOCH LONG EXITThe %K line crosses below the %D line.
2025-02-21CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-02-24MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2025-02-25SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2025-02-26STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-02-27DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-03-05MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2025-03-06STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-11STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-13STOCH SHORT EXITThe %K line crosses above the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-03-18STOCH LONG EXITThe %K line crosses below the %D line.
2025-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
2025-03-20SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2025-03-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2025-03-28STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-01RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-02STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-03SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-04-04MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2025-04-07STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-08RSI LONG ENTRY SHORT CLOSE30 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-09STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2025-04-10RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-11STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-04-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-04-16STOCH LONG EXITThe %K line crosses below the %D line.
2025-04-17STOCH SHORT EXITThe %K line crosses above the %D line.
2025-04-23SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2025-04-25WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-04-29CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-04-30STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-02DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-06CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-05-07CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-05-08STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-09DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2025-05-12STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-13WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2025-05-16STOCH SHORT EXITThe %K line crosses above the %D line.
2025-05-20STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-22DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2025-05-26DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2025-05-28STOCH LONG EXITThe %K line crosses below the %D line.
2025-05-29MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-06-02STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-04CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2025-06-05DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2025-06-09DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2025-06-10DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-11DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2025-06-12STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-13SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-06-18STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-19STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-23STOCH SHORT EXITThe %K line crosses above the %D line.
2025-06-24RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2025-06-25WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2025-06-26STOCH LONG EXITThe %K line crosses below the %D line.
2025-06-27STOCH SHORT EXITThe %K line crosses above the %D line.

6.3. Candlestick Patterns

SPAR Group Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of SPAR Group Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
OpenGreater thanClose10,705.000
Total0/1 (0.0%)
Penke
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