SPAR Group

SPAR is a supplier of merchandising and marketing services throughout the US and internationally
US Services Division
The Company's US Services Division provides nationwide merchandising and other marketing services primarily on behalf of consumer product manufacturers and retailers at mass merchandisers, electronics store chains, drug store chains and grocery stores. Merchandising services primarily consist of scheduled dedicated routed services and special projects provided at the store level for a specific retailer or single or multiple manufacturers. These services may include activities such as ensuring that client products authorized for distribution are in stock and on the shelf, adding new products that are approved for distribution but not presently on the shelf, setting category shelves in accordance with approved store schematics, ensuring that shelf tags are in place, checking for the overall salability of products and setting new and promotional items and placing and/or removing point of purchase and other related media advertising. In-store services can be initiated by retailers or manufacturers, and include new store openings, new product launches, special seasonal or promotional merchandising, focused product support and product recalls
International Merchandising Services Division
In 2001, the Company established its Japanese subsidiary to provide the latest in-store merchandising and marketing services to that market. Since 2003, the Company has expanded its international presence to Canada, South Africa, India, China, Australia, Turkey and Mexico and operates in 9 countries whose population represents approximately 47% of the total world population. Key to the Company's international strategy is the conversion of its proprietary Internet-based logistical, communications and reporting software applications into the native language of any market the Company enters. The Company is actively pursuing expansion into various other markets.

Company Growth (employees)
Type
Public
HQ
White Plains, US
Founded
1967
Size (employees)
1,078 (est)
SPAR Group was founded in 1967 and is headquartered in White Plains, US

SPAR Group Office Locations

SPAR Group has an office in White Plains
White Plains, US (HQ)
333 Westchester Ave

SPAR Group Data and Metrics

SPAR Group Financial Metrics

SPAR Group's revenue was reported to be $134.3 m in FY, 2016 which is a 13% increase from the previous period.
USD

Revenue (FY, 2016)

134.3 m

Revenue growth (FY, 2015 - FY, 2016), %

13%

Gross profit (FY, 2016)

29.5 m

Gross profit margin (FY, 2016), %

22%

Net income (FY, 2016)

1.8 m

EBIT (FY, 2016)

2.2 m

Market capitalization (21-Jul-2017)

21.5 m

Cash (31-Dec-2016)

7.3 m

EV

14.2 m
SPAR Group's current market capitalization is $21.5 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

112 m122 m119.3 m134.3 m

Revenue growth, %

9%(2%)13%

Cost of goods sold

84.3 m91.7 m90 m104.8 m

Gross profit

27.6 m30.4 m29.3 m29.5 m

Gross profit Margin, %

25%25%25%22%

EBIT

2.9 m3.3 m3.3 m2.2 m

EBIT margin, %

3%3%3%2%

Pre tax profit

3 m3.4 m3.3 m2.2 m

Net Income

3.4 m3.3 m2.5 m1.8 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

2.8 m4.4 m5.7 m7.3 m

Accounts Receivable

21.7 m26.2 m23.2 m33.7 m

Inventories

642 k868 k661 k

Current Assets

25.6 m32 m30.1 m42.8 m

PP&E

2 m2.2 m2.4 m2.5 m

Goodwill

1.8 m1.8 m1.8 m1.8 m

Total Assets

34.3 m44.6 m43.4 m57.2 m

Accounts Payable

4.3 m4 m3 m5.6 m

Total Debt

4 k

Current Liabilities

15.7 m15.5 m13.3 m32.2 m

Total Liabilities

32.2 m

Additional Paid-in Capital

15.3 m15.5 m15.9 m16.1 m

Retained Earnings

1.7 m4.8 m5.7 m5.8 m

Total Equity

18.6 m23.2 m24.4 m25.1 m

Debt to Equity Ratio

0 x

Debt to Assets Ratio

0 x

Financial Leverage

1.8 x1.9 x1.8 x2.3 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

4.2 m4.4 m2.5 m1.8 m

Depreciation and Amortization

1.5 m1.8 m1.9 m2.1 m

Accounts Receivable

(488 k)(4.8 m)2.8 m(6.9 m)

Accounts Payable

90 k(256 k)(1.1 m)1.9 m

Cash From Operating Activities

2.9 m2.1 m4.9 m1.3 m

Cash From Investing Activities

(2.5 m)(1.7 m)(1.6 m)(2 m)

Cash From Financing Activities

1.2 m1.5 m(659 k)3.4 m

Interest Paid

168 k120 k190 k150 k

Income Taxes Paid

399 k445 k187 k228 k
Y, 2016

EV/EBIT

6.4 x

EV/CFO

10.6 x

Financial Leverage

2.3 x

SPAR Group Operating Metrics

FY, 2016

Countries

10

SPAR Group Market Value History

SPAR Group Revenue Breakdown

SPAR Group Online and Social Media Presence

SPAR Group Company Life and Culture

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