Spgj.J
Spar Group (JSE: SPGJ.J) operates as a retailer in the Auto Vehicles, Parts & Service Retailers industry, generating revenue primarily through the sale of automotive products and services.
Business. Spar Group (JSE: SPGJ.J) operates as a retailer in the Auto Vehicles, Parts & Service Retailers industry, generating revenue primarily through the sale of automotive products and services.
Analyst recommendations
3 analysts · consensus BuyAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Spar Group (JSE: SPGJ.J) operates as a retailer in the Auto Vehicles, Parts & Service Retailers industry, generating revenue primarily through the sale of automotive products and services.
Spar Group maintains a capital structure with a debt-to-equity ratio of 0.77, indicating a moderate reliance on debt financing. The company's liquidity position is characterized as medium, with a current ratio of 1.15, suggesting it has sufficient short-term assets to cover its short-term liabilities, but with limited buffer. Free cash flow is negative at -5.795 billion ZAR, which may necessitate external financing or internal cash management to fund operations and capital expenditures.
Profitability metrics show a return on equity (ROE) of 31.29% and a return on assets (ROA) of 10.47%, both of which are strong indicators of efficient use of equity and assets. These figures are well above the typical thresholds for the industry, suggesting that Spar Group is outperforming its peers in terms of profitability and asset utilization.
Geographically and segment-wise, Spar Group's revenue is concentrated in the Auto Vehicles, Parts & Service Retailers segment, with no disclosed geographic breakdown. This concentration may expose the company to regional economic fluctuations and market-specific risks, which could impact its overall performance.
The company's growth trajectory is expected to remain stable, with no significant changes in revenue forecasted for the current fiscal year. Historical revenue data indicates a consistent performance, and the outlook for the next fiscal year is neutral, with no substantial growth or decline anticipated.
Risk factors include a medium liquidity risk, primarily due to the company's negative net cash position after accounting for total debt. The dilution risk is assessed as low, with no immediate pressure for share issuance. However, the company's reliance on debt financing and negative free cash flow could pose challenges in maintaining financial flexibility.
Recent events, including analyst estimates, suggest a cautious outlook from the market. The mean price target of 20.36 ZAR and the median price target of 20.20 ZAR indicate a neutral to slightly positive sentiment, with three "buy" recommendations and no "strong buy" or "hold" ratings. This suggests that while the market sees some upside potential, it is not overly optimistic about the company's near-term performance.
- Spar Group has a strong ROE of 31.29% and ROA of 10.47%, indicating efficient use of equity and assets.
- The company's liquidity position is medium, with a current ratio of 1.15 and negative free cash flow of -5.795 billion ZAR.
- The debt-to-equity ratio of 0.77 suggests a moderate reliance on debt financing.
- Analysts have a neutral to slightly positive outlook, with a mean price target of 20.36 ZAR.
- The company's revenue is concentrated in the Auto Vehicles, Parts & Service Retailers segment, with no geographic breakdown provided.
- The risk assessment indicates a low dilution risk and medium liquidity risk.
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
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Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 3,28 |
| Revenue | —no estimate | —no estimate | 45,8B ZAR |
| Operating income | —no estimate | —no estimate | 2,2B ZAR |
Options
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Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
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Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- SPGJ.J Market data — financials · 2026-05-29
- Super Group Ltd Market data — analyst estimates · 2026-05-29