The SPAR Group (SPP) Fair Value & Analysis
Consumer Defensive · ZA · Market cap 10.6B ZAC
Fair value as of: Jun 26, 2026
From 15 valuation models · updated 4 days ago
Fair value updated Jun 26, 2026 — revised from R151.71 to R107.52 (−29.1%) since Jun 24, 2026. Share price −8.6% over the past month.
Price vs Fair Value (12 months)
12‑month range R47.54 – R119.49 · fair‑value band R73.68 – R153.38 · the R47.54 price screens below the R107.52 fair value. As of Jun 26, 2026.
✦ Find undervalued quality stocks — 35,000+ analysed Find stocks →Analysis
The SPAR Group (SPP) currently trades at R47.54, while our model-based Fair Value estimate is R107.52 — implying the stock looks roughly 126.2% undervalued today. We read business quality at 95/100 (high quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.
Over the trailing twelve months, The SPAR Group generated revenue of 131B ZAR at a net margin of -3.7%. Revenue declined 2.0% year over year. It earns a return on equity of 10.5%. Net debt stands at 13.5B ZAR. Fundamentals as of Jun 26, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
The SPAR Group Ltd engages in the wholesale and distribution of goods and services to grocery stores and other group retail outlets in South Africa and internationally. The company offers fresh produce, in-store bakery, butchery, deli, ready-to-eat meals, home-meal replacements, groceries, general merchandise, baked foods, liquor products, building and hardware products, coffee, dispensary and health-related products, confectionery, health and beauty, frozen foods, catering products, wines, and non-food items. The SPAR Group Ltd operates stores under the SUPERSPAR, SPAR, KWIKSPAR, SPAR EXPRESS, PHARMACY at SPAR, TOPS at SPAR, and SAVEMOR brands. The company was founded in 1932 and is headquartered in Pinetown, South Africa.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
The SPAR Group reported revenue of R131B in FY2025 versus R128B in FY2021, a compound +0.7%/yr. Reported net income was −R4.8B in FY2025.
Open the full interactive analysis →
Similar stocks
6 more Food Distribution stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Sysco Corporation SYY | $77.98 | $60.42 | -23% |
| US Foods Holding USFD | $92.76 | $54.78 | -41% |
| Performance Food Group PFGC | $104.39 | $45.48 | -56% |
| Jerónimo Martins, SGPS, S.A JRONF | $23.70 | $24.02 | +1% |
| Bunzl plc BZLFY | $17.22 | $19.33 | +12% |
| Bid Corporation BPPPF | $25.52 | $27.44 | +8% |
Explore undervalued stocks
More undervalued Consumer Defensive stocks →
Frequently asked questions
Is The SPAR Group (SPP) undervalued?
What is the fair value of SPP?
What is the quality score of SPP?
What is the revenue of The SPAR Group (SPP)?
What is the net profit margin of SPP?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.