SPAR Group (SPP.JO) Stock Price

SPAR Group Price

JSE·CLOSED
4,759.00ZAR+97.00 (+2.06 %)
Market closed

Revenue has compounded at 11.3% per year over the past 19 years to 131.46 B ZAR. Earnings per share have declined at 1.3% per year over the last 18 years. SPAR Group's net margin stands at -3.7%, down from 1.8% several years earlier. SPAR Group currently offers a dividend yield of about 0.05%. The payout ratio is around 62% of earnings. The dividend has grown at 3.6% per year over the past 17 years. Analysts set a median price target of 116.79 ZAR, implying 97.5% below the current price. Of 13 analysts, 6 rate the stock a buy — an overall Hold consensus. The stock trades about 7% above its 52-week low.

SPAR Group stock price

Volume
Ex-Dividend
Details

Stock Price

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How to Read This Chart

This chart tracks the historical stock price of SPAR Group over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how SPAR Group stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing SPAR Group's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

SPAR Group Stock Price History
DateSPAR Group Price
7/24/20264,759.00 ZAR
7/23/20264,662.00 ZAR
7/22/20264,719.00 ZAR
7/21/20264,676.00 ZAR
7/20/20264,676.00 ZAR
7/17/20264,787.00 ZAR
7/16/20264,791.00 ZAR
7/15/20264,672.00 ZAR
7/14/20264,635.00 ZAR
7/13/20264,732.00 ZAR
7/10/20264,718.00 ZAR
7/9/20264,585.00 ZAR
7/8/20264,474.00 ZAR
7/7/20264,769.00 ZAR
7/6/20264,751.00 ZAR
7/3/20264,881.00 ZAR
7/2/20264,941.00 ZAR
7/1/20264,611.00 ZAR
6/30/20264,451.00 ZAR
6/29/20264,629.00 ZAR
6/26/20264,578.00 ZAR
6/25/20264,754.00 ZAR
6/24/20264,884.00 ZAR
6/23/20265,041.00 ZAR
6/22/20265,145.00 ZAR
6/19/20265,295.00 ZAR
6/18/20265,227.00 ZAR
6/17/20265,093.00 ZAR
6/15/20265,305.00 ZAR
6/12/20265,294.00 ZAR
6/11/20265,336.00 ZAR
6/10/20265,351.00 ZAR
6/9/20265,185.00 ZAR
6/8/20265,244.00 ZAR
6/5/20265,139.00 ZAR
6/4/20265,124.00 ZAR
6/3/20265,138.00 ZAR
6/2/20265,064.00 ZAR
6/1/20264,925.00 ZAR
5/29/20264,769.00 ZAR
5/28/20265,779.00 ZAR
5/27/20265,774.00 ZAR
5/26/20265,980.00 ZAR
5/25/20265,854.00 ZAR
5/22/20265,806.00 ZAR
5/21/20265,868.00 ZAR
5/20/20265,997.00 ZAR
5/19/20266,069.00 ZAR
5/18/20266,139.00 ZAR
5/15/20266,180.00 ZAR
5/14/20266,171.00 ZAR
5/13/20266,065.00 ZAR
5/12/20266,073.00 ZAR
5/11/20266,275.00 ZAR
5/8/20266,340.00 ZAR
5/7/20266,390.00 ZAR
5/6/20266,478.00 ZAR
5/5/20266,368.00 ZAR
5/4/20266,387.00 ZAR
4/30/20266,461.00 ZAR
4/29/20266,322.00 ZAR
4/28/20266,501.00 ZAR
4/24/20266,424.00 ZAR
4/23/20266,400.00 ZAR
4/22/20266,478.00 ZAR
4/21/20266,574.00 ZAR
4/20/20266,460.00 ZAR
4/17/20266,560.00 ZAR
4/16/20266,540.00 ZAR
4/15/20266,368.00 ZAR
4/14/20266,282.00 ZAR
4/13/20266,190.00 ZAR
4/10/20266,189.00 ZAR
4/9/20266,157.00 ZAR
4/8/20266,285.00 ZAR
4/7/20266,034.00 ZAR
4/2/20266,158.00 ZAR
4/1/20266,252.00 ZAR
3/31/20266,275.00 ZAR
3/30/20266,300.00 ZAR
3/27/20266,380.00 ZAR
3/26/20266,500.00 ZAR
3/25/20266,448.00 ZAR
3/24/20266,275.00 ZAR
3/23/20266,475.00 ZAR
3/20/20266,325.00 ZAR
3/19/20266,204.00 ZAR
3/18/20266,421.00 ZAR
3/17/20266,520.00 ZAR
3/16/20266,500.00 ZAR
3/13/20266,181.00 ZAR
3/12/20266,367.00 ZAR
3/11/20266,465.00 ZAR
3/10/20266,500.00 ZAR
3/9/20266,520.00 ZAR
3/6/20266,373.00 ZAR
3/5/20266,692.00 ZAR
3/4/20266,585.00 ZAR
3/3/20266,824.00 ZAR
3/2/20267,063.00 ZAR
2/27/20266,980.00 ZAR
2/26/20266,944.00 ZAR
2/25/20266,697.00 ZAR
2/24/20267,448.00 ZAR
2/23/20267,622.00 ZAR
2/20/20268,389.00 ZAR
2/19/20269,053.00 ZAR
2/18/20269,109.00 ZAR
2/17/20269,008.00 ZAR
2/16/20269,018.00 ZAR
2/13/20269,123.00 ZAR
2/12/20269,081.00 ZAR
2/11/20268,872.00 ZAR
2/10/20268,855.00 ZAR
2/9/20268,910.00 ZAR
2/6/20268,856.00 ZAR
2/5/20268,914.00 ZAR
2/4/20269,025.00 ZAR
2/3/20269,108.00 ZAR
2/2/20268,880.00 ZAR
1/30/20268,866.00 ZAR
1/29/20268,840.00 ZAR
1/28/20269,183.00 ZAR
1/27/20269,160.00 ZAR
1/26/20269,153.00 ZAR
1/23/20269,227.00 ZAR
1/22/20269,372.00 ZAR
1/21/20269,266.00 ZAR
1/20/20269,272.00 ZAR
1/19/20269,276.00 ZAR
1/16/20269,440.00 ZAR
1/15/20269,342.00 ZAR
1/14/20269,500.00 ZAR
1/13/20269,540.00 ZAR
1/12/20269,607.00 ZAR
1/9/20269,691.00 ZAR
1/8/20269,648.00 ZAR
1/7/20269,570.00 ZAR
1/6/20269,589.00 ZAR
1/5/20269,435.00 ZAR
1/2/20269,492.00 ZAR
12/31/20259,550.00 ZAR
12/30/20259,519.00 ZAR
12/29/20259,443.00 ZAR
12/24/20259,350.00 ZAR
12/23/20259,393.00 ZAR
12/22/20259,319.00 ZAR
12/19/20259,432.00 ZAR
12/18/20259,651.00 ZAR
12/17/20259,438.00 ZAR
12/15/20259,312.00 ZAR
12/12/20259,410.00 ZAR
12/11/20259,267.00 ZAR
12/10/20259,349.00 ZAR
12/9/202510,100.00 ZAR
12/8/202510,459.00 ZAR
12/5/202510,237.00 ZAR
12/4/202510,271.00 ZAR
12/3/202510,499.00 ZAR
12/2/202510,304.00 ZAR
12/1/202510,290.00 ZAR
11/28/202510,400.00 ZAR
11/27/202510,427.00 ZAR
11/26/202510,400.00 ZAR
11/25/202510,390.00 ZAR
11/24/202510,252.00 ZAR
11/21/202510,350.00 ZAR
11/20/202510,821.00 ZAR
11/19/202510,659.00 ZAR
11/18/202510,441.00 ZAR
11/17/202510,696.00 ZAR
11/14/202510,647.00 ZAR
11/13/202510,873.00 ZAR
11/12/202510,772.00 ZAR
11/11/202510,561.00 ZAR
11/10/202510,700.00 ZAR
11/7/202510,868.00 ZAR
11/6/202510,876.00 ZAR
11/5/202510,974.00 ZAR
11/4/202510,498.00 ZAR
11/3/202510,546.00 ZAR
10/31/202510,921.00 ZAR
10/30/202510,624.00 ZAR
10/29/202510,682.00 ZAR
10/28/202510,730.00 ZAR
10/27/202510,624.00 ZAR
10/24/202510,664.00 ZAR
10/23/202510,502.00 ZAR
10/22/202510,562.00 ZAR
10/21/202510,537.00 ZAR
10/20/202510,589.00 ZAR
10/17/202510,443.00 ZAR
10/16/202510,500.00 ZAR
10/15/202510,566.00 ZAR
10/14/202510,500.00 ZAR
10/13/202510,698.00 ZAR
10/10/202510,740.00 ZAR
10/9/202510,564.00 ZAR
10/8/202510,467.00 ZAR
10/7/202510,235.00 ZAR
10/6/202510,250.00 ZAR
10/3/202510,059.00 ZAR
10/2/202510,174.00 ZAR
10/1/202510,064.00 ZAR
9/30/20259,860.00 ZAR
9/29/20259,773.00 ZAR
9/26/20259,975.00 ZAR
9/25/202510,100.00 ZAR
9/23/202510,034.00 ZAR
9/22/20259,822.00 ZAR
9/19/202510,111.00 ZAR
9/18/202510,189.00 ZAR
9/17/202510,446.00 ZAR
9/16/202510,369.00 ZAR
9/15/202510,497.00 ZAR
9/12/202510,626.00 ZAR
9/11/202510,980.00 ZAR
9/10/202510,947.00 ZAR
9/9/202511,100.00 ZAR
9/8/202510,487.00 ZAR
9/5/202510,448.00 ZAR
9/4/202510,450.00 ZAR
9/3/202510,355.00 ZAR
9/2/202510,468.00 ZAR
9/1/202510,619.00 ZAR
8/29/202510,826.00 ZAR
8/28/202510,835.00 ZAR
8/27/202510,870.00 ZAR
8/26/202510,901.00 ZAR
8/25/202510,784.00 ZAR
8/22/202510,883.00 ZAR
8/21/202510,900.00 ZAR
8/20/202510,859.00 ZAR
8/19/202510,918.00 ZAR
8/18/202510,770.00 ZAR
8/15/202510,887.00 ZAR
8/14/202510,792.00 ZAR
8/13/202510,864.00 ZAR
8/12/202510,859.00 ZAR
8/11/202510,782.00 ZAR
8/8/202510,635.00 ZAR
8/7/202510,534.00 ZAR
8/6/202510,542.00 ZAR
8/5/202510,592.00 ZAR
8/4/202510,517.00 ZAR
8/1/202510,659.00 ZAR
7/31/202510,700.00 ZAR
7/30/202510,880.00 ZAR
7/29/202510,624.00 ZAR
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SPAR Group Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
146.46 B ZAR
2.71 B ZAR
401.30 M ZAR
Jan 1, 2024
130.99 B ZAR
2.73 B ZAR
351.90 M ZAR
Jan 1, 2025
131.46 B ZAR
2.66 B ZAR
-4.83 B ZAR
Jan 1, 2026 (e)
134.26 B ZAR
3.33 B ZAR
1.02 B ZAR
Jan 1, 2027 (e)
138.62 B ZAR
3.44 B ZAR
1.59 B ZAR
Jan 1, 2028 (e)
143.58 B ZAR
3.56 B ZAR
1.67 B ZAR
Jan 1, 2029 (e)
149.99 B ZAR
3.72 B ZAR
2.24 B ZAR
Jan 1, 2030 (e)
157.16 B ZAR
3.90 B ZAR
2.62 B ZAR

SPAR Group Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 28, 2026, 11:59 AM
 
REVENUEB ZAR
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB ZAR
EBITB ZAR
EBIT MARGIN%
NET INCOMEB ZAR
NET INCOME GROWTH%
DIV.ZAR
DIV. GROWTH%
SHARESM
20132014201520162017201820192020202120222023202420252026e2027e2028e
47.3954.4873.2690.6995.37101.02109.48124.28127.94135.61146.46130.99131.46136.99142.14147.42
9.7814.9734.4623.795.175.928.3713.522.955.998.00-10.570.364.213.763.71
8.068.268.699.2710.7010.6810.6511.8912.0012.0211.8610.5710.7610.7610.7610.76
3.824.506.378.4110.2110.7911.6614.7815.3616.3017.3813.8414.1414.7415.2915.86
1.651.872.292.582.582.782.983.443.393.432.712.732.662.983.263.58
3.483.433.132.842.702.752.722.772.652.531.852.082.022.172.292.43
1.191.351.421.821.821.832.162.072.272.150.400.35-4.831.802.112.41
12.4612.935.5827.820.280.3818.39-4.119.21-4.99-81.37-12.47-1,475.50-137.1817.7713.81
4.855.406.326.656.757.298.008.658.164.004.50––4.584.664.75
12.7911.3417.045.221.508.009.748.13-5.66-50.9812.50–––1.751.93
185.00185.00187.92181.59193.81193.93193.40192.99193.00192.68192.45192.59192.59192.59192.59192.59
Details

Income Statement Key Figures

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Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales SPAR Group generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue SPAR Group retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare SPAR Group's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares SPAR Group has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against SPAR Group's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

SPAR Group stock margins

The SPAR Group margin analysis displays the gross margin, EBIT margin, as well as the profit margin of SPAR Group. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for SPAR Group.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
12.00 %
2.65 %
1.77 %
Jan 1, 2022
12.02 %
2.53 %
1.59 %
Jan 1, 2023
11.87 %
1.85 %
0.27 %
Jan 1, 2024
10.57 %
2.08 %
0.27 %
Jan 1, 2025
10.76 %
2.02 %
-3.67 %
Jan 1, 2026 (e)
10.76 %
2.48 %
0.76 %
Jan 1, 2027 (e)
10.76 %
2.48 %
1.15 %
Jan 1, 2028 (e)
10.76 %
2.48 %
1.16 %

SPAR Group Stock Revenue, EBIT, Earnings per Share

The SPAR Group earnings per share therefore indicates how much revenue SPAR Group has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
662.91 ZAR
17.58 ZAR
11.74 ZAR
Jan 1, 2022
703.81 ZAR
17.78 ZAR
11.17 ZAR
Jan 1, 2023
761.03 ZAR
14.06 ZAR
2.09 ZAR
Jan 1, 2024
680.15 ZAR
14.16 ZAR
1.83 ZAR
Jan 1, 2025
682.60 ZAR
13.81 ZAR
-25.07 ZAR
Jan 1, 2026 (e)
697.15 ZAR
17.30 ZAR
5.28 ZAR
Jan 1, 2027 (e)
719.79 ZAR
17.86 ZAR
8.26 ZAR
Jan 1, 2028 (e)
745.54 ZAR
18.50 ZAR
8.68 ZAR

SPAR Group business model & stock analysis

The SPAR Group Ltd is an internationally active trading company that originated in South Africa. It was founded in 1963 by Jack Goldin and Central Market to unite regional retailers under one roof and give them more collective competitive strength. Over the following decades, the company successfully expanded and is now one of the largest retail chains worldwide. SPAR's business model is to support independent retailers by providing them with the infrastructure, marketing, and purchasing advantages of a large trading chain. The retailers operate their stores under the SPAR brand, but can largely act independently and benefit from the advantages of the partnership. This partnership allows the company to quickly and effectively respond to market changes without neglecting the local connections of the stores. SPAR operates in various business areas, including retailing groceries, hardware stores, and larger shopping centers. The company aims to offer a wide range of products to meet different customer needs. In addition to groceries, the offering includes non-food items such as clothing, household goods, electronics, and more. The largest division of SPAR is the retailing of groceries, which includes over 14,000 stores in more than 45 countries. The grocery stores offer a wide range of fresh products, canned goods, snacks, beverages, and more. The products are carefully selected and can vary depending on the region and customer preferences. SPAR aims to offer high-quality food at affordable prices and thus ensure basic supplies in local communities. In addition to grocery retailing, SPAR also operates hardware stores where DIY enthusiasts can find everything they need for their projects. The hardware stores largely offer the same range as other major companies in the industry, but customers benefit from a more personal service and higher product quality. Another pillar of SPAR is larger shopping centers with a variety of shops and services. These centers are often the focal point of the local community and offer customers a variety of shopping opportunities in one place. Most of the operated shopping centers are modern and environmentally conscious, aiming to satisfy customers and the environment alike. The SPAR Group Ltd is committed to promoting sustainable business practices and supporting its retailers in implementing environmentally conscious measures. The company actively advocates for recycling, biodiversity, renewable energy, and reducing plastic waste. The goal is to minimize environmental impact and promote sustainable business practices in all areas. Overall, SPAR is a dynamic trading company with a wide range of products and services. The company has shown that it can quickly adapt to market demands without neglecting local communities and customer service. Through its partnerships with independent retailers, SPAR is able to better understand and meet the needs of local customers.

SPAR Group SWOT Analysis

Strengths

1. Strong market position: SPAR Group Ltd has established itself as a leading company in the retail industry, with a widespread presence in various markets.

2. Diversified product portfolio: The company offers a wide range of products, including groceries, household items, and electronics, which attract a diverse customer base.

3. Efficient supply chain management: SPAR Group Ltd has implemented effective systems to ensure timely delivery of products to its stores, minimizing stockouts and improving customer satisfaction.

Weaknesses

1. Vulnerable to economic fluctuations: As a retail business, SPAR Group Ltd is exposed to changes in consumer purchasing power and economic downturns, which can negatively impact sales.

2. Limited global presence: While the company has a strong presence in certain markets, it may be less competitive in regions where it has a relatively small footprint.

3. Dependence on suppliers: SPAR Group Ltd relies on suppliers to provide quality products at competitive prices. Any issues with suppliers can disrupt the company's operations.

Opportunities

1. Expansion into emerging markets: SPAR Group Ltd can explore opportunities to enter new and rapidly growing markets, where consumer demand is increasing and competition is relatively low.

2. E-commerce growth: With the rise of online shopping, the company can invest in developing its online platform and delivery services to capitalize on the growing trend of digital retail.

3. Product diversification: By expanding its range of products, SPAR Group Ltd can cater to evolving customer needs and preferences, attracting a larger customer base.

Threats

1. Intense competition: The retail industry is highly competitive, with both local and international players vying for market share. SPAR Group Ltd must continuously innovate to stay ahead of competitors.

2. Changing consumer behavior: Shifts in consumer preferences, such as an increased focus on sustainable and organic products, can pose challenges for SPAR Group Ltd in meeting evolving demands.

3. Economic instability: Volatile economic conditions, such as inflation or recession, could impact consumer spending habits and pose risks to the company's financial performance.

SPAR Group Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

SPAR Group historical P/E ratio, EBIT multiple, and P/S ratio

SPAR Group annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

SPAR Group shares outstanding

The number of shares of SPAR Group was 192.59 M in 2025. This indicates how many shares SPAR Group is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
193.00 M Stocks
Jan 1, 2022
192.68 M Stocks
Jan 1, 2023
192.45 M Stocks
Jan 1, 2024
192.59 M Stocks
Jan 1, 2025
192.59 M Stocks
Jan 1, 2026 (e)
192.59 M Stocks
Jan 1, 2027 (e)
192.59 M Stocks
Jan 1, 2028 (e)
192.59 M Stocks

SPAR Group Dividend History

19 years of dividend payments

YearAnnual DividendYoY ChangePayments
20232.25ZAR↓ 43.8%—
20224.00ZAR↓ 51.0%2×
20218.16ZAR↓ 5.7%2×
20208.65ZAR↑ 8.1%2×
20198.00ZAR↑ 9.7%2×
20187.29ZAR↑ 8.0%2×
20176.75ZAR↑ 1.5%2×
20166.65ZAR↑ 5.2%2×
20156.32ZAR↑ 17.0%2×
20145.40ZAR↑ 11.3%2×

SPAR Group dividend payout ratio

In 2025, SPAR Group had a payout ratio of 51.17%. The payout ratio indicates the percentage of the company's profits that SPAR Group distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
69.52 %
Jan 1, 2022
35.81 %
Jan 1, 2023
61.93 %
Jan 1, 2024
55.75 %
Jan 1, 2025
51.17 %
Jan 1, 2026 (e)
86.72 %
Jan 1, 2027 (e)
56.46 %
Jan 1, 2028 (e)
54.73 %

Current SPAR Group forecasts and price targets in July 2026

Analyst Price Targets 2026
Δ MOM Price Target
4.98 %
Buy46.15 % (6)
Hold53.85 % (7)
Sell0.00 % (0)
12M Price Target
116.79
Last Price
4,759.00
Currency
ZAR
12M Return Potential
-97.55 %
LTM Return
0 %

EESG©

Eulerpool ESG Scorecard© for the SPAR Group stock

75/100
99
Environment
92
Social
34
Governance
E

Environment

20
Scope 1 - Direct Emissions57,952
Scope 2 - Indirect emissions from purchased energy95,049
Scope 3 - Indirect emissions within the value chain73,615
Total CO₂ emissions153,001
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees39.457
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

SPAR Group shareholder structure

% Name
22.81860%
Public Investment Corporation (SOC) Limited
Public Investment Corporation (SOC) Limited
15.09136%
MandG Investment Managers (Pty) Ltd
MandG Investment Managers (Pty) Ltd
10.00090%
Coronation Fund Managers Limited
Coronation Fund Managers Limited
7.85143%
Allan Gray Proprietary Limited
Allan Gray Proprietary Limited
5.54500%
Alexforbes Investments Solution Limited
Alexforbes Investments Solution Limited
5.15046%
Old Mutual Investment Group (South Africa) (Pty) Limited
Old Mutual Investment Group (South Africa) (Pty) Limited
...

SPAR Group Executives and Management Board

AS

Mr. Angelo Swartz

(43)

Group Chief Executive Officer, Executive Director, Chairman - SPAR Guild · since 2019

Compensation16.05 M ZAR
MP

Ms. Megan Pydigadu

(50)

Group Chief Operating Officer, Executive Director · since 2023

Compensation14.22 M ZAR
MB

Mr. Mike Bosman

(64)

Independent Non-Executive Chairman of the Board · since 2022

Compensation4.73 M ZAR
PS

Mr. Pedro Da Silva

(57)

Independent Non-Executive Director

Compensation1.91 M ZAR
SZ

Dr. Shirley Zinn

(64)

Deputy Independent Non-Executive Chairman of the Board

Compensation1.83 M ZAR

Frequently asked questions about SPAR Group

The business model of SPAR Group Ltd is focused on providing merchandising and marketing services to retailers and manufacturers worldwide. With a global presence, SPAR Group offers various services including in-store merchandising, product sourcing, event marketing, and field marketing. By partnering with retailers and manufacturers, SPAR Group assists in driving sales, improving brand visibility, and optimizing the merchandising process. Utilizing their expertise in retail execution, SPAR Group aims to enhance the overall shopping experience for customers and help clients achieve their marketing and sales goals efficiently.

All fundamentals and in-depth analysis of SPAR Group

Our stock analysis for SPAR Group stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of SPAR Group. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

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