Logo image of SPRU

SPRUCE POWER HOLDING CORP (SPRU) Stock Fundamental Analysis

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

2.52  -0.02 (-0.79%)

Fundamental Rating

2

Taking everything into account, SPRU scores 2 out of 10 in our fundamental rating. SPRU was compared to 20 industry peers in the Independent Power and Renewable Electricity Producers industry. Both the profitability and financial health of SPRU have multiple concerns. SPRU is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

Quickly go to:

1

1. Profitability

1.1 Basic Checks

SPRU had negative earnings in the past year.
SPRU had a negative operating cash flow in the past year.
In the past 5 years SPRU reported 4 times negative net income.
SPRU had a negative operating cash flow in each of the past 5 years.
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

Looking at the Return On Assets, with a value of -11.74%, SPRU is doing worse than 78.95% of the companies in the same industry.
SPRU has a worse Return On Equity (-63.36%) than 84.21% 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

SPRU's Gross Margin of 48.33% is in line compared to the rest of the industry. SPRU outperforms 47.37% of its industry peers.
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

More info and screens

3

2. Health

2.1 Basic Checks

SPRU does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for SPRU has been increased compared to 1 year ago.
The debt/assets ratio for SPRU is higher compared to a year ago.
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

Based on the Altman-Z score of -0.33, we must say that SPRU is in the distress zone and has some risk of bankruptcy.
SPRU has a worse Altman-Z score (-0.33) than 68.42% of its industry peers.
SPRU has a Debt/Equity ratio of 3.86. This is a high value indicating a heavy dependency on external financing.
SPRU's Debt to Equity ratio of 3.86 is in line compared to the rest of the industry. SPRU outperforms 42.11% of its industry peers.
Industry RankSector Rank
Debt/Equity 3.86
Debt/FCF N/A
Altman-Z -0.33
ROIC/WACCN/A
WACC6.12%
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.
SPRU has a better Current ratio (2.75) than 84.21% of its industry peers.
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.
SPRU has a better Quick ratio (2.75) than 84.21% of its industry peers.
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

More info and screens

4

3. Growth

3.1 Past

SPRU shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.01%.
SPRU shows a small growth in Revenue. In the last year, the Revenue has grown by 4.87%.
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

SPRU is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 33.42% yearly.
SPRU is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.46% yearly.
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

More info and screens

1

4. Valuation

4.1 Price/Earnings Ratio

SPRU reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for SPRU. No positive earnings are expected for the next year.
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 50 100 150 200

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, SPRU is valued a bit more expensive than the industry average as 68.42% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 196.84
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

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

More info and screens

0

5. Dividend

5.1 Amount

SPRU does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

SPRUCE POWER HOLDING CORP

NYSE:SPRU (2/21/2025, 8:04:01 PM)

2.52

-0.02 (-0.79%)

Chartmill FA Rating
GICS SectorUtilities
GICS IndustryGroupUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Earnings (Last)11-13 2024-11-13/amc
Earnings (Next)03-12 2025-03-12/amc
Inst Owners21.55%
Inst Owner Change-0.92%
Ins Owners11.82%
Ins Owner Change2.45%
Market Cap46.87M
Analysts43.33
Price TargetN/A
Short Float %2.33%
Short Ratio6.57
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 0.6
P/FCF N/A
P/OCF N/A
P/B 0.31
P/tB 0.33
EV/EBITDA 196.84
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 -0.33
F-Score2
WACC6.12%
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