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SPRUCE POWER HOLDING CORP (SPRU) Stock Fundamental Analysis

NYSE:SPRU - New York Stock Exchange, Inc. - US9837FR2091 - Common Stock

2.86  -0.04 (-1.38%)

Fundamental Rating

2

SPRU gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 21 industry peers in the Independent Power and Renewable Electricity Producers industry. Both the profitability and financial health of SPRU have multiple concerns. SPRU is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

SPRU had negative earnings in the past year.
In the past year SPRU has reported a negative cash flow from operations.
SPRU had negative earnings in 4 of the past 5 years.
In the past 5 years SPRU always reported negative operating cash flow.
SPRU Yearly Net Income VS EBIT VS OCF VS FCFSPRU Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 0 20M -20M -40M -60M -80M

1.2 Ratios

SPRU's Return On Assets of -11.74% is on the low side compared to the rest of the industry. SPRU is outperformed by 80.00% of its industry peers.
The Return On Equity of SPRU (-63.36%) is worse than 85.00% of its industry peers.
Industry RankSector Rank
ROA -11.74%
ROE -63.36%
ROIC N/A
ROA(3y)-3.8%
ROA(5y)-7.05%
ROE(3y)-18.87%
ROE(5y)-19.07%
ROIC(3y)N/A
ROIC(5y)N/A
SPRU Yearly ROA, ROE, ROICSPRU Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 0 -10 -20 -30

1.3 Margins

Looking at the Gross Margin, with a value of 48.33%, SPRU is in line with its industry, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Gross Margin of SPRU has grown nicely.
SPRU does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 48.33%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y57.52%
GM growth 5YN/A
SPRU Yearly Profit, Operating, Gross MarginsSPRU Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 0 100 -100 -200 -300 -400

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3

2. Health

2.1 Basic Checks

SPRU does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, SPRU has more shares outstanding
SPRU has a worse debt/assets ratio than last year.
SPRU Yearly Shares OutstandingSPRU Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 5M 10M 15M
SPRU Yearly Total Debt VS Total AssetsSPRU Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 200M 400M 600M 800M

2.2 Solvency

SPRU has an Altman-Z score of -0.32. This is a bad value and indicates that SPRU is not financially healthy and even has some risk of bankruptcy.
SPRU's Altman-Z score of -0.32 is on the low side compared to the rest of the industry. SPRU is outperformed by 65.00% of its industry peers.
A Debt/Equity ratio of 3.86 is on the high side and indicates that SPRU has dependencies on debt financing.
With a Debt to Equity ratio value of 3.86, SPRU is not doing good in the industry: 65.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 3.86
Debt/FCF N/A
Altman-Z -0.32
ROIC/WACCN/A
WACC6.25%
SPRU Yearly LT Debt VS Equity VS FCFSPRU Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 0 200M 400M

2.3 Liquidity

SPRU has a Current Ratio of 2.75. This indicates that SPRU is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 2.75, SPRU belongs to the best of the industry, outperforming 85.00% of the companies in the same industry.
SPRU has a Quick Ratio of 2.75. This indicates that SPRU is financially healthy and has no problem in meeting its short term obligations.
With an excellent Quick ratio value of 2.75, SPRU belongs to the best of the industry, outperforming 85.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.75
Quick Ratio 2.75
SPRU Yearly Current Assets VS Current LiabilitesSPRU Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 100M 200M 300M

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4

3. Growth

3.1 Past

The earnings per share for SPRU have decreased strongly by -16.01% in the last year.
Looking at the last year, SPRU shows a small growth in Revenue. The Revenue has grown by 4.87% in the last year.
The Revenue has been growing by 57.76% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-16.01%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-200%
Revenue 1Y (TTM)4.87%
Revenue growth 3Y57.76%
Revenue growth 5YN/A
Sales Q2Q%-8.05%

3.2 Future

The Earnings Per Share is expected to grow by 33.42% on average over the next years. This is a very strong growth
Based on estimates for the next years, SPRU will show a small growth in Revenue. The Revenue will grow by 2.46% on average per year.
EPS Next Y81.71%
EPS Next 2Y33.42%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.54%
Revenue Next 2Y2.46%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
SPRU Yearly Revenue VS EstimatesSPRU Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
SPRU Yearly EPS VS EstimatesSPRU Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 0 0.5 -0.5 1 -1

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1

4. Valuation

4.1 Price/Earnings Ratio

SPRU reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year SPRU is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
SPRU Price Earnings VS Forward Price EarningsSPRU Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 50 100 150

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, SPRU is valued a bit more expensive than the industry average as 70.00% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 199.28
SPRU Per share dataSPRU EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 -4 6 8

4.3 Compensation for Growth

SPRU's earnings are expected to grow with 33.42% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y33.42%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for SPRU!.
Industry RankSector Rank
Dividend Yield N/A

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SPRUCE POWER HOLDING CORP

NYSE:SPRU (1/22/2025, 1:54:49 PM)

2.86

-0.04 (-1.38%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)11-13 2024-11-13/amc
Earnings (Next)N/A N/A
Inst Owners21.05%
Inst Owner Change-0.06%
Ins Owners11.63%
Ins Owner Change2.45%
Market Cap53.20M
Analysts43.33
Price TargetN/A
Short Float %2.34%
Short Ratio5.19
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-44.26%
Min EPS beat(2)-76.47%
Max EPS beat(2)-12.04%
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-9.07%
Min Revenue beat(2)-9.98%
Max Revenue beat(2)-8.16%
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)0%
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.9%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.68
P/FCF N/A
P/OCF N/A
P/B 0.36
P/tB 0.38
EV/EBITDA 199.28
EPS(TTM)-5.03
EYN/A
EPS(NY)-0.79
Fwd EYN/A
FCF(TTM)-2.5
FCFYN/A
OCF(TTM)-2.48
OCFYN/A
SpS4.19
BVpS8.04
TBVpS7.54
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -11.74%
ROE -63.36%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 48.33%
FCFM N/A
ROA(3y)-3.8%
ROA(5y)-7.05%
ROE(3y)-18.87%
ROE(5y)-19.07%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y57.52%
GM growth 5YN/A
F-Score2
Asset Turnover0.1
Health
Industry RankSector Rank
Debt/Equity 3.86
Debt/FCF N/A
Debt/EBITDA 210.74
Cap/Depr 1.88%
Cap/Sales 0.5%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.75
Quick Ratio 2.75
Altman-Z -0.32
F-Score2
WACC6.25%
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-16.01%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-200%
EPS Next Y81.71%
EPS Next 2Y33.42%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)4.87%
Revenue growth 3Y57.76%
Revenue growth 5YN/A
Sales Q2Q%-8.05%
Revenue Next Year1.54%
Revenue Next 2Y2.46%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-37.69%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y24.6%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y24.03%
OCF growth 3YN/A
OCF growth 5YN/A