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The SPAR Group Ltd (SPP.JO)

ZAc4,655.00 +20.00 (+0.43%)
ZA JNB Consumer Defensive Food Distribution
Address 22 Chancery Lane 3610
Pinetown, ZA
CEO Moegamat Reeza Isaacs
Website spar.co.za
IPO 2000-03-06
ISIN ZAE000058517

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Also trades on Johannesburg Stock Exchange · SPP.JO (ZAc) Other OTC · SGPPF (USD) Other OTC · SGPPY (USD)
Description

The SPAR Group Ltd, headquartered in Pinetown, South Africa since its establishment in 1932, operates as a prominent wholesaler and distributor. The company delivers a comprehensive array of merchandise and services to its vast network of 4,357 SPAR grocery stores and other proprietary retail outlets. Its geographical reach extends across Southern Africa, Ireland, Switzerland, and Poland. The diverse product offerings encompass perishable goods such as fresh produce, butchery items, deli selections, and frozen foods, alongside in-store bakery and baked products, ready-to-eat meals and home-meal replacements. Furthermore, SPAR supplies general groceries, liquor and wines, building and hardware materials, dispensary and health-related items, confectionery, health and beauty products, catering supplies, and a variety of non-food goods.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
ZAc4,655.00 +20.00 (+0.43%)
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Volume Profile
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Liquidity & share structure
Average Volume
784.6K
Beta
0.05
Float Shares
192.50M
Free Float %
100.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+5.88% +8.07% -13.41% -15.54% -41.26% -42.51% -51.26% -45.05% -71.07% -72.65% -21.57%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
4,655.00
DCF (Unlevered) 35,801.86 +669.1%
DCF (Levered) 41,261.19 +786.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 25% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 0
Hold 6 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
6.79
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Food Distribution: +7.7%
    -13.7% Q1'26: +3.2% (vs Q1'24)
  • EPS growth Food Distribution: +4.1%
    -1,470.0% Q1'26: +153.3% (vs Q1'24)
  • FCF margin FCF growth · Food Distribution: +15.4%
    +2.0% Q1'26: -2.0% (vs Q1'24)
  • EBIT margin Food Distribution: +3.6%
    +2.0% Q1'26: +1.2% (vs Q1'24)
  • ROIC Food Distribution: +6.5%
    +8.8% Q1'26: +13.0% (vs Q1'24)
  • Share dilution Food Distribution: +0.0%
    +0.0% Q1'26: 0.0% (vs Q1'24)
  • Debt / EBITDA Net debt/EBITDA · Food Distribution: 0.80×
    3.88× Q1'26: 3.04× (vs Q1'24)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.05) × ERP
WACC = 39% × Ke + 61% × Kd (8.0%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 35,707.04 Current price: 4,655.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Sep 2015
actual
Sep 2016
actual
Sep 2017
actual
Sep 2018
actual
Sep 2019
actual
Sep 2020
actual
Sep 2021
actual
Sep 2022
actual
Sep 2023
actual
Sep 2024
actual
Sep 2025
actual
Sep 2026
7 Rev. Ana.
5 EPS Ana.
Sep 2027
8 Rev. Ana.
6 EPS Ana.
Sep 2028
6 Rev. Ana.
2 EPS Ana.
Sep 2029
4 Rev. Ana.
1 EPS Ana.
Sep 2030
3 Rev. Ana.
1 EPS Ana.
Revenue
73.26B
est: 73.83B (-0.8%)
90.69B
est: 91.56B (-1.0%)
95.46B
est: 97.75B (-2.3%)
101.02B
est: 100.77B (+0.2%)
109.48B
est: 108.90B (+0.5%)
124.28B
est: 121.09B (+2.6%)
127.94B
est: 128.28B (-0.3%)
135.61B
est: 134.56B (+0.8%)
146.46B
est: 154.94B (-5.5%)
152.34B
est: 154.28B (-1.3%)
131.46B
est: 131.97B (-0.4%)
133.93B
132.18B – 136.55B
+1.5% YoY
138.28B
134.40B – 145.93B
+3.3% YoY
142.91B
142.39B – 143.43B
+3.3% YoY
149.43B
146.34B – 155.09B
+4.6% YoY
156.56B
153.32B – 162.49B
+4.8% YoY
EBITDA
2.46B
est: 2.89B (-15.0%)
3.18B
est: 3.59B (-11.4%)
3.38B
est: 3.83B (-11.7%)
3.46B
est: 3.95B (-12.5%)
3.88B
est: 4.27B (-9.2%)
5.69B
est: 4.75B (+19.8%)
5.92B
est: 5.03B (+17.8%)
6.01B
est: 5.28B (+13.9%)
5.24B
est: 6.07B (-13.8%)
5.75B
est: 6.05B (-5.0%)
4.20B
est: 5.17B (-18.9%)
5.25B
5.18B – 5.35B
+1.5% YoY
5.42B
5.27B – 5.72B
+3.3% YoY
5.60B
5.58B – 5.62B
+3.3% YoY
5.86B
5.74B – 6.08B
+4.6% YoY
6.14B
6.01B – 6.37B
+4.8% YoY
EBIT
2.07B
est: 1.83B (+12.9%)
2.55B
est: 2.27B (+12.0%)
2.64B
est: 2.43B (+8.7%)
2.73B
est: 2.50B (+9.2%)
3.12B
est: 2.70B (+15.6%)
3.71B
est: 3.00B (+23.6%)
3.94B
est: 3.18B (+23.9%)
4.02B
est: 3.34B (+20.4%)
3.08B
est: 3.84B (-19.9%)
3.49B
est: 3.83B (-8.8%)
2.59B
est: 3.27B (-20.9%)
3.32B
3.28B – 3.39B
+1.5% YoY
3.43B
3.34B – 3.62B
+3.3% YoY
3.55B
3.53B – 3.56B
+3.3% YoY
3.71B
3.63B – 3.85B
+4.6% YoY
3.89B
3.80B – 4.03B
+4.8% YoY
Net Income
1.42B
est: 1.69B (-16.1%)
1.82B
est: 1.93B (-5.8%)
1.82B
est: 1.93B (-5.9%)
1.83B
est: 2.00B (-8.6%)
2.16B
est: 2.16B (+0.2%)
2.07B
est: 2.02B (+2.5%)
2.27B
est: 2.40B (-5.8%)
2.15B
est: 2.34B (-8.0%)
401.30M
est: 338.30M (+18.6%)
351.90M
est: 1.71B (-79.5%)
-4.83B
est: 1.93B (-349.6%)
1.33B
975.45M – 1.77B
-31.4% YoY
1.69B
1.13B – 2.01B
+27.1% YoY
1.67B
1.63B – 1.97B
-1.2% YoY
2.64B
2.57B – 2.77B
+58.5% YoY
3.04B
2.96B – 3.19B
+15.1% YoY
SGA
4.86B
est: 5.43B (-10.5%)
7.36B
est: 6.74B (+9.2%)
8.76B
est: 7.19B (+21.8%)
10.00B
est: 7.42B (+34.9%)
10.94B
est: 8.01B (+36.5%)
23.70M
est: 8.91B (-99.7%)
1.40B
est: 9.44B (-85.2%)
1.56B
est: 9.90B (-84.3%)
17.68B
est: 11.40B (+55.1%)
18.51B
est: 11.35B (+63.0%)
13.58B
est: 9.71B (+39.8%)
9.86B
9.73B – 10.05B
+1.5% YoY
10.18B
9.89B – 10.74B
+3.3% YoY
10.52B
10.48B – 10.55B
+3.3% YoY
11.00B
10.77B – 11.41B
+4.6% YoY
11.52B
11.28B – 11.96B
+4.8% YoY
EPS
8.21
est: 8.79 (-6.6%)
10.10
est: 10.00 (+1.0%)
9.46
est: 10.04 (-5.8%)
9.49
est: 10.38 (-8.5%)
11.24
est: 11.21 (+0.3%)
10.79
est: 10.50 (+2.7%)
11.76
est: 12.48 (-5.7%)
11.18
est: 12.08 (-7.4%)
2.09
est: 1.76 (+18.9%)
1.83
est: 8.79 (-79.2%)
-25.07
est: 9.92 (-352.7%)
7.19
5.06 – 9.21
-27.5% YoY
8.20
5.88 – 10.44
+14.1% YoY
9.34
8.47 – 10.20
+13.8% YoY
13.71
13.34 – 14.39
+46.9% YoY
15.79
15.36 – 16.56
+15.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-10 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-06-09 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-06-08 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-06-05 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-06-04 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-06-03 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-06-02 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-06-01 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-29 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-28 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-27 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-26 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-25 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-22 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-21 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-20 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-19 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-18 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-15 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-14 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-13 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-12 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-11 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-08 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-07 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-06 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-05 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-05-04 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-30 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-29 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-28 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-24 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-22 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-21 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
6.03B
OE per share TTM
31.32
Owner's Yield
57.02%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
10.8%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 48 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 FlexShares Morningstar Emerging Markets Factor Tilt Index Fund TLTE 0.06% 215.9K 0.58%
2 State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L 0.04% 225.7K 0.55%
3 iShares MSCI Emerging Markets Small-Cap ETF EEMS 0.03% 126.6K 0.72%
4 iShares MSCI EM Small Cap UCITS ETF IEMS.L 0.03% 109.6K 0.74%
5 Vanguard FTSE All-World ex-US Small-Cap ETF VSS 0.01% 2.12M 0.06%
6 Avantis Responsible Emerging Markets Equity ETF AVSE 0.01% 30.3K 0.33%
7 Avantis Emerging Markets Equity ETF AVEM 0.01% 2.29M 0.33%
8 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.01% 683.6K 0.39%
9 Vanguard FTSE Emerging Markets Shares ETF VGE.AX 0.01% 70.6K 0.48%
10 Vanguard FTSE Emerging Markets All Cap Index ETF VEE.TO 0.01% 159.2K 0.26%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
246.6K
Shares Outstanding
192.58M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Angelo Swartz Executive Officer 16M male
Moegamat Reeza Isaacs Group Chief Executive Officer & Executive Director 15M male
Megan Loanne Pydigadu Group Chief Financial Officer & Executive Director 15M female
Leo Crawford Chief Executive Officer of Ireland & South West England male
Mike Grant Prentice Group Marketing Executive male
Robert Grant Philipson Chief Executive Officer of Switzerland & Poland male
Thulisile Tabudi Group Human Resources Executive female
Zihle Nonganga Group Executive: Investor Relations & Communications
Desmond Borrageiro Managing Director of SPAR South Rand Division male
Kevin James O'Brien BSocSc Group Chief ESG Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits