1. South Africa Stocks

  2. •

    Distribution services

  3. •

    Wholesale distributors
Spar Group Limited

Spar Group Limited

4,727.00
ZAC
+16.00
(+0.34%)
1.21TMarket Cap
Nov 19Next Earn
Spar Group Limited
JSE:SPP
(Johannesburg Stock Exchange)

Recent

price

4,727.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
ZAR
203.93
224.32
249.76
274.9
315.24
423.18
504.66
495.3
524.6
568.83
646.16
664.29
704.66
761.31
680.15
682.6
- -
Revenue per Share
5.36
5.56
6.13
6.89
7.78
8.21
10.1
9.45
9.49
11.24
10.79
11.76
11.18
2.09
1.83
-25.07
- -
Basic EPS, GAAP
1.19
3.37
5.73
-4.33
1.47
4.25
4.08
1.24
6.06
-7.34
12.82
1.77
3.43
12.23
11.47
17.54
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
12.79
14.51
16.4
18.42
17.51
19.23
29.23
34.08
36.92
38.8
41.35
42.6
50.84
53.04
53.87
27.58
28.05
Book Value per Share
11.04
12.28
14.14
16.17
1.74
0.27
8.41
11.02
12.25
12.49
5.07
7.09
11.47
10.25
11.47
-5.77
-5.71
Tangible Book Value per Share
171
171
173
172
173
173
180
193
193
192
192
193
192
192
193
193
193
Basic Weighted Avg Shares
34,844
38,459
43,166
47,387
54,483
73,259
90,689
95,373
101,018
109,477
124,277
127,941
135,609
146,461
130,987
131,458
- -
Sales/Revenue/Turnover
3.74
3.65
3.5
3.47
3.42
3.13
2.84
0.78
2.63
2.58
2.6
2.47
2.36
1.67
1.93
1.89
- -
Operating Margin (%)
109
123
125
139
179
332
531
658
698
755
1,976
1,965
1,995
2,266
2,277
1,604
- -
Depreciation Expense
916
953
1,059
1,187
1,345
1,421
1,815
1,821
1,827
2,163
2,075
2,266
2,152
401
352
-4,828
- -
Net Income, GAAP
29.95
32.18
30.28
28.39
27.07
27.44
25.59
26.15
25.85
22.23
27.45
26.8
27.02
25.44
22.69
36.34
- -
Effective Tax Rate (%)
2.63
2.48
2.45
2.51
2.47
1.94
2
1.91
1.81
1.98
1.67
1.77
1.59
0.27
0.27
-3.67
- -
Profit Margin (%)
391
582
851
1,021
301
426
2,617
2,479
2,068
1,660
-792
531
-331
-1,764
-3,207
-339
-184
Working Capital
- -
130
129
115
1,985
2,477
4,817
4,827
4,761
5,307
18,097
19,398
20,108
20,733
17,004
13,590
13,334
LT Debt
2,187
2,490
2,827
3,176
3,027
3,328
5,628
6,560
7,110
7,467
7,890
8,379
10,009
10,222
10,374
5,312
5,401
Total Equity
36.43
35.04
37.54
37.85
30.25
28.82
22.78
16.71
17.25
17.33
11.52
8.2
7.52
5.34
5.97
4.73
- -
Return on Invested Capital (%)
37.15
35.31
37.36
37.41
28.51
23.82
21.07
16.33
16.24
17.49
13.13
9.66
8.17
3.5
3.48
-14.2
- -
Return on Capital (%)
44.38
40.74
39.84
39.56
43.37
44.72
40.53
29.87
26.73
29.68
26.9
28.04
23.93
4.01
3.42
-61.56
- -
Return on Common Equity (%)

Capital Structure

ZAR

•

in mil. unless spec.
Mar'25
Sep'25
Mar'26
ST Debt
2,338
2,711
3,496
LT Borrowings
6,741
6,515
6,404
LT Finance Leases
7,068
7,076
6,930
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
193
193
193
Market Capitalization
22,769
18,989
12,085

Working Capital

ZAR

•

in mil. unless spec.
Mar'25
Sep'25
Mar'26
Total Current Assets
35,252
26,458
25,420
Cash, Cash Equivalents & STI
1,420
2,753
1,597
Accounts Receivable, Net
15,888
14,382
15,975
Inventories
4,739
4,653
4,617
Total Current Liabilities
34,600
26,797
25,604
Payables & Accruals
- -
- -
- -
ST Debt
2,338
2,711
3,496
Deferred Revenue
- -
- -
- -

Growth Rates

ZAR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.52%
-3.91%
-48.79%
Free Cash Flow
13.5%
62.06%
52.89%
Net Income, GAAP
-151.88%
-312.3%
-1,472.01%
Sales/Revenue/Turnover
6.35%
1.35%
0.36%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
130,987
2025
- -
- -
131,458
2026
- -
- -
- -

Semi-annual Earnings Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1.83
2025
- -
- -
-25.07
2026
- -
- -
- -

Semi-annual Dividends Per Share

ZAR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -
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Business
The SPAR Group Ltd (SPP.JO) operates as a leading warehousing and distribution company primarily serving independent grocery retailers in South Africa and select international markets including Switzerland, the UK, Ireland, Poland, and a joint venture in Sri Lanka; it supplies a comprehensive range of products encompassing fresh produce, in-store bakery items, butchery, deli, ready-to-eat meals, home-meal replacements, groceries, general merchandise, baked foods, liquor products, building and hardware items, coffee, dispensary and health-related products, confectionery, health and beauty aids, frozen foods, catering products, wines, and non-food items under brands such as SPAR, SUPERSPAR, KWIKSPAR, SPAR Express, SaveMor, TOPS at SPAR, PHARMACY at SPAR, Bean Tree, Chikka Chicken, SPAR Freshline & SPAR Bakery, Good Living, McCoy Pies, SPAR Products, SPAR Signature Selection, SPAR Butchery, and The Food Stall. The company maintains six distribution centres in South Africa supporting over 2,550 stores alongside cash-and-carry operations like Value Centre providing wholesale access to more than 15,000 product lines for retailers, licensed outlets, and catering businesses; it also offers over 1,000 exclusive SPAR brand products backed by a double-your-money-back quality guarantee and emphasizes procurement, retailer support, marketing, and world-class logistics. Founded in 1963 by eight wholesalers in Cape Town and headquartered in Pinetown, South Africa, the group listed on the Johannesburg Stock Exchange in 1988 and expanded internationally through acquisitions such as an 80% stake in Ireland's BWG Group, 60% in SPAR Switzerland, SPAR Poland, and private label supplier SPAR Encore, now servicing 4,579 stores across multiple countries. Recent strategic changes include the September 2025 agreement to sell its Swiss operations to Tannenwald Holding for CHF46.5 million (approximately R1 billion), finalizing its European portfolio review except for the ongoing UK process to optimize capital allocation, reduce leverage, and refocus on core Southern African growth alongside enhancements in private label penetration, partnerships like Uber Eats and Vida e Caffè, and retail segment expansion.

Company News

Company News APIChatGPT

  • seekingalpha.com

    The SPAR Group Ltd (SGPPY) Q2 2026 Earnings Call Transcript

  • defenseworld.net

    The SPAR Group Ltd (OTCMKTS:SGPPF) Short Interest Update

  • seekingalpha.com

    The SPAR Group Ltd (SGPPY) Q1 2026 Sales/Trading Call Transcript

  • seekingalpha.com

    The SPAR Group Ltd (SGPPY) Q4 2025 Earnings Call Transcript

  • seekingalpha.com

    The SPAR Group Ltd (SGPPY) Discusses The Disposal Of Group's Interests In Switzerland Conference Call (Transcript)