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Sustainable Projects Group Inc (SPGX) fair value: what the stock is really worth

As of Sep 25, 2026: fair value of Sustainable Projects Group Inc $0.00, price $0.00, upside -0.2%, quality 34 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Basic Materials · US

SP Sustainable Projects Group Inc logo Thin data Sep 27, 2026

Sustainable Projects Group Inc

SPGX · US

Low PriorityFair Value upside is limited and quality is weak.

·Fair value $0.0006 · Fairly valued (−0.2%)
!Quality 34/100
!Weak Growth (revenue 5y +0.5 %/yr)
!Negative equity (buybacks among others) · negative free cash flow
!Trails peers (2/6)
!Narrow moat 24/100
!Evidence only low, so the estimate is less certain
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26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

$0.9000 $0.0002 Fair Value $0.0006 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range $0.0002 – $0.9000 · fair‑value band $0.0006 – $0.0006 · the $0.0006 price screens above the $0.0006 fair value. Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

Sustainable Projects Group Inc. extracts and supplies lithium compounds for the electric vehicle and battery markets. It operates through three segments: YER Brands, Sustainable Projects Group, and Lithium Harvest. The company through its Direct Lithium Extraction technology extracts and manufactures lithium compounds from oilfield wastewater.

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Sustainable Projects Group Inc. extracts and supplies lithium compounds for the electric vehicle and battery markets. It operates through three segments: YER Brands, Sustainable Projects Group, and Lithium Harvest. The company through its Direct Lithium Extraction technology extracts and manufactures lithium compounds from oilfield wastewater. In addition, it offers lithium carbonate and lithium hydroxide products in standardized and customer specific compounds formats for use in batteries. The company was formerly known as Sustainable Petroleum Group Inc. and changed its name to Sustainable Projects Group Inc. in October 2017. Sustainable Projects Group Inc. was founded in 2013 and is headquartered in Aalborg, Denmark.

Stock analysis

Sustainable Projects Group Inc (SPGX) currently trades at $0.0006, while our model-based Fair Value estimate is $0.0006, so the stock looks roughly fairly valued today (gap 0.2%).

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 88/100, which puts the evidence level at low.

Scenario range: $0.0006 (bear) to $0.0006 (bull), the price of $0.0006 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 34/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue growth is weak: less than 2 % a year.

Sustainable Projects Group Inc reported revenue of $0 in FY2023 versus $106K in FY2019. Reported net income was −$2.7K in FY2023.

Key figures

Market cap $153K · P/S ratio 29.9 · EPS (TTM) $−0.0100 · Return on equity 12.8% · Return on assets (EBIT) −77.0% · Revenue (TTM) $5.1K · Revenue growth (YoY) +14.6% · Free cash flow −$1.5M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 18 out of 100 (low confidence).

What moves the price

The share trades about 100% below its 52-week high and 200% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at 0%, SPGX screens richer than that median.

Fair Value models

Bear $0.0006 Fair Value $0.0006 Bull $0.0006
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Owner Earnings $0.0003 $0.0006 $0.0009 72
All 1 models by family
DCF Models
Owner Earnings $0.0003 $0.0006 $0.0009 72

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Quality Score breakdown

Overall quality 34/100

Of which business quality 38 · Market factors (momentum, volatility) 48

Profitability 6
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 23
Balance sheet, leverage, solvency risk
Investment 44
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 46
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 7/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−4.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−63.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.5%
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.4%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−1,736.1% (2017) → −4,354.4% (2022)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2023 is a loss year, no rate is defined from a loss
not computed

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Industrial Metals & Mining · 355 stocks

Beats the industry median on 2/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 38 · Below median
Fair Value upside −0.2% · Above median
Profitability
Return on equity (TTM) Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets −75.4% · Bottom 25%
Operating margin (TTM) 0.0% · Below median
Growth and dividend
Revenue growth 14.6% · Above median
Balance sheet
Debt / equity Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.

Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper

P/B Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM) 29.88× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)33 · sector 0
FUTURE (revenue growth)73 · sector 60
PAST (return on equity)0 · sector 0
HEALTH (low debt)0 · sector 95
DIVIDEND (yield)0 · sector 31

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Saudi Arabian Mining Company 1211 61.10 SAR 67.21 SAR +10%
CMOC Group 603993 ¥17.08 ¥19.15 +12%
Hindustan Zinc Limited HINDZINC ₹588.95 ₹647.85 +10%
China Tungsten And Hightech Materials Co 000657 ¥57.18 ¥29.56 −48%
Korea Zinc Company 010130 1,116,000 KRW 646,063 KRW −42%
Boliden AB BOL kr 521.00 kr 464.45 −11%
Western Mining Co 601168 ¥35.19 ¥38.71 +10%
Ivanhoe Mines Ltd IVN C$12.06 C$4.46 −63%
Xiamen Tungsten Co 600549 ¥46.90 ¥23.62 −50%
Vedanta Limited VEDL ₹266.35 ₹655.92 +146%

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Cite: Fair Value Calculator (2026). "Sustainable Projects Group Inc Fair Value". https://www.fairvalue-calculator.com/stock/SPGX

Frequently asked questions

Is Sustainable Projects Group Inc (SPGX) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of $0.0006 versus the last price from Sep 25, 2026 of $0.0006, about −0% upside (fairly valued).
What is the fair value of SPGX?
Our model-based fair value for Sustainable Projects Group Inc is $0.0006 (as of Sep 27, 2026), built from audited fundamentals. Last price (from Sep 25, 2026): $0.0006.
What is the quality score of SPGX?
Sustainable Projects Group Inc has a Quality Score of 34/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Sustainable Projects Group Inc (SPGX)?
Our model-based price target is the fair value of $0.0006 (as of Sep 27, 2026) from 1 valuation models. Cautious scenario $0.0006, optimistic scenario $0.0006. It is a calculation from audited fundamentals, not an analyst target.
What is the Sustainable Projects Group Inc stock forecast for 2026?
Our models put fair value at $0.0006, about −0% upside versus the last price from Sep 25, 2026 of $0.0006 (fairly valued). Cautious scenario $0.0006, optimistic scenario $0.0006. The calculation is refreshed regularly with new filings.
What is the revenue of Sustainable Projects Group Inc (SPGX)?
Sustainable Projects Group Inc reported trailing-twelve-month revenue of about $5.1K (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Sustainable Projects Group Inc (SPGX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sustainable Projects Group Inc it is $0.0006 per share (as of Sep 27, 2026), against a price of $0.0006. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Sustainable Projects Group Inc stock overvalued or undervalued in 2026?
As of Sep 27, 2026, SPGX trades above its calculated fair value: price $0.0006, fair value $0.0006, a gap of about −0% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SPGX?
No. The price is what the market pays today ($0.0006); the fair value is what the company's own numbers justify ($0.0006). For Sustainable Projects Group Inc the two are $0.0000 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sustainable Projects Group Inc worth?
The market values Sustainable Projects Group Inc at about $153K (market capitalisation, as of Sep 27, 2026). Per share that is $0.0006; our models calculate a fair value of $0.0006 per share.
What do the bullish and bearish scenarios say about SPGX?
Our models span a range for Sustainable Projects Group Inc: cautious scenario $0.0006, base $0.0006, optimistic $0.0006 per share (as of Sep 27, 2026, price $0.0006). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sustainable Projects Group Inc (SPGX)?
Balance-sheet figures for Sustainable Projects Group Inc (as of Sep 27, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is SPGX from its 52-week high?
Sustainable Projects Group Inc trades at $0.0006, about 100% below its 52-week high of $0.3000 and 200% above the low of $0.0002 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $0.0006 is for.
Which stocks are comparable to Sustainable Projects Group Inc?
From the same area (Basic Materials) we also value Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, China Tungsten And Hightech Materials Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sustainable Projects Group Inc stock attractive at the current price?
The data as of Sep 27, 2026: price $0.0006, calculated fair value $0.0006 (−0%), Quality Score 34/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SPGX calculated?
We run Sustainable Projects Group Inc through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.0006, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Sustainable Projects Group Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Sustainable Projects Group Inc (SPGX)?
The latest price we hold is from Sep 25, 2026 and stands at $0.0006. Our model-based fair value is $0.0006, about −0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sustainable Projects Group Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The models converge in a tight band ($0.0006 to $0.0006), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Sustainable Projects Group Inc

How large is the market capitalisation of Sustainable Projects Group Inc (SPGX)?
The market capitalisation of Sustainable Projects Group Inc is $153K. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sustainable Projects Group Inc (SPGX)?
The price-to-sales ratio of Sustainable Projects Group Inc is 29.9 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sustainable Projects Group Inc (SPGX)?
Earnings per share at Sustainable Projects Group Inc are $−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Sustainable Projects Group Inc (SPGX)?
The return on equity (ROE) of Sustainable Projects Group Inc is 12.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sustainable Projects Group Inc (SPGX)?
On an EBIT basis the return on assets of Sustainable Projects Group Inc is −77.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
How fast is revenue growing at Sustainable Projects Group Inc (SPGX)?
Revenue at Sustainable Projects Group Inc is growing +14.6% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Sustainable Projects Group Inc (SPGX) generate?
The free cash flow of Sustainable Projects Group Inc is −$1.5M (fiscal year 2023). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Sustainable Projects Group Inc (SPGX) carry?
The net debt of Sustainable Projects Group Inc is $966K (fiscal year 2023). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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