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Sparq Systems Inc. (SPRQ) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Sparq Systems Inc. stock C$0.54, price C$1.00, that is 46.0% below the price, quality 48 out of 100. Rating: strongly overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Industrials CA

SS Sparq Systems Inc. logo Thin data Nov 10, 2026

Sparq Systems Inc.

SPRQ · V
Very expensive, weak quality

Our calculation puts a fair price 46% below what the stock costs today.

Low debt
Quality 48/100
Mixed Growth (revenue 5y +357.8 %/yr in CAD)
Fair value C$0.5400 · Strongly overvalued
Loss-making · -127.8% net margin (TTM)
Negative free cash flow
Trails peers (2/10)
Narrow moat 8/100 · thin data
Thin data
Estimate
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What runs behind every stock

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

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

C$1.62 C$0.0600 Fair Value C$0.5400 Jun 2020 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range C$0.0600 – C$1.62 · fair‑value band C$0.4100 – C$0.6800 · the C$1.00 price screens above the C$0.5400 fair value. As of Nov 10, 2026.

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Company profile

SPARQ Systems Inc. engages in the design, manufacture, and sale of single-phase microinverters for residential and commercial solar electric applications in Canada.

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The company offers Quad inverter, a proprietary photovoltaic solution; and Sparqlinq, a real-time performance monitoring that accesses and monitors energy system data. It also provides SparqVu, an energy management system for multi-site monitoring; and cables and accessories.

In addition, it provides SparqSync, a mobile monitoring solution, which enables users to stay connected to solar energy system. The company was formerly known as SPARQ Corp. and changed its name to SPARQ Systems Inc. in December 2022. SPARQ Systems Inc. is headquartered in Kingston, Canada.

Stock analysis

Sparq Systems Inc. (SPRQ) currently trades at C$1.00, while our estimate is C$0.5400, 46% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: C$0.4100 (bear) to C$0.6800 (bull), the price of C$1.00 sits above 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 48/100 (below-average quality), in the Industrials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Sparq Systems Inc. reported revenue of C$2.3M in FY2025 versus C$0 in FY2021. Reported net income was −C$4.9M in FY2025.

Key figures

Market cap C$117M (≈ $82.4M) Micro · P/S ratio 34.9 · EPS (TTM) C$−0.0300 · Net margin −128% · Return on equity −64.3% · Return on assets (EBIT) −67.3% (5-year average) · Operating margin −123% · Revenue (TTM) C$3.4M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 8 out of 100 (low confidence).

What moves the price

The share trades about 30% below its 52-week high and 69% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −13% fair-value upside, at −46%, SPRQ screens richer than that median.

Fair Value

Bear C$0.4100 Fair Value C$0.5400 Bull C$0.6800
Price C$1.00 · Downside -46.0%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 48/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 3
How much profit the company makes from its sales and capital
Quality Growth 80
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 100
Debt, balance sheet and risk of trouble
Investment 92
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 57
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 71
Distance to the 52-week high, does not count
New shares 40
Buys back shares or issues new ones?

Open the full quality analysis →

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. 32/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+42.0%
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.
+357.8%
Start year 2020 (pandemic)
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.
−93,921.8% (2020) → −190.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

SPRQ screens overvalued: fair value 46% below the price. Compare with Contemporary Amperex Technology Co →

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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.Electrical Equipment & Parts · 590 stocks

Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 48 · Below median
Fair Value upside −46.0% · Below median
Profitability
Return on assets −61.2% · Bottom 25%
Net margin (12 months) −127.8% · Bottom 25%
Operating margin (12 months) −123.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 504.4% · Top 25%
Balance sheet
Debt / equity 0.01× · Lowest 25%

Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper

P/B 18.27× · Priciest 25%
P/S (12 months) 34.17× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 66
PAST (return on equity)0 · sector 25
HEALTH (low debt)100 · sector 97
DIVIDEND (yield)0 · sector 23

VALUE 0: the price sits above our fair-value range.

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Contemporary Amperex Technology Co 300750 ¥249.95 ¥648.35 +159% vs SPRQ
Sungrow Power Supply Co 300274 ¥79.60 ¥182.32 +129% vs SPRQ
NARI Technology Co 600406 ¥23.40 ¥29.39 +26% vs SPRQ
Vertiv Holdings VRT $194.22 $178.64 −8% vs SPRQ
Samsung SDI Co 006400 456,000 KRW 395,019 KRW −13% vs SPRQ
Legrand SA LR €135.60 €82.49 −39% vs SPRQ
Prysmian S.p.A PRY €107.20 €64.29 −40% vs SPRQ
ABB Ltd ABBN CHF 68.98 CHF 29.62 −57% vs SPRQ
Delta Electronics (Thailand) Public Company DELTA 193.00 THB 39.14 THB −80% vs SPRQ
LG Energy Solution, Ltd 373220 330,500 KRW 53,325 KRW −84% vs SPRQ

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Sparq Systems Inc.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Sparq Systems Inc. Fair Value". https://www.fairvalue-calculator.com/stock/SPRQ

Frequently asked questions

Is Sparq Systems Inc. (SPRQ) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is C$0.5400 versus a price of C$1.00, about 46% lower (overvalued).
What is the fair value of SPRQ?
Our estimate for Sparq Systems Inc. is C$0.5400 (as of Nov 10, 2026), built from audited fundamentals. The current price: C$1.00.
What is the quality score of SPRQ?
Sparq Systems Inc. has a Quality Score of 48/100. 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 Sparq Systems Inc. (SPRQ)?
Our calculated price target is the estimate of C$0.5400 (as of Nov 10, 2026). Cautious scenario C$0.4100, optimistic scenario C$0.6800. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Sparq Systems Inc. stock forecast for 2026?
Our estimate puts fair value at C$0.5400, about 46% lower versus a price of C$1.00 (overvalued). Cautious scenario C$0.4100, optimistic scenario C$0.6800. The calculation is refreshed regularly with new filings.
What is the revenue of Sparq Systems Inc. (SPRQ)?
Sparq Systems Inc. reported trailing-twelve-month revenue of about C$3.4M (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Sparq Systems Inc. (SPRQ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sparq Systems Inc. it is C$0.5400 per share (as of Nov 10, 2026), against a price of C$1.00.
Is Sparq Systems Inc. stock overvalued or undervalued in 2026?
As of Nov 10, 2026, SPRQ trades above its calculated fair value: price C$1.00, fair value C$0.5400, a gap of about −46% (overvalued). 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 SPRQ?
No. The price is what the market pays today (C$1.00); the fair value is what the company's own numbers justify (C$0.5400). For Sparq Systems Inc. the two are C$0.4600 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sparq Systems Inc. worth?
The market values Sparq Systems Inc. at about C$117M (market capitalisation, as of Nov 10, 2026). Per share that is C$1.00; our models calculate a fair value of C$0.5400 per share.
What do the bullish and bearish scenarios say about SPRQ?
Our models span a range for Sparq Systems Inc.: cautious scenario C$0.4100, base C$0.5400, optimistic C$0.6800 per share (as of Nov 10, 2026, price C$1.00). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sparq Systems Inc. (SPRQ)?
Balance-sheet figures for Sparq Systems Inc. (as of Nov 10, 2026): return on equity −64.3%, debt of 0.01 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is SPRQ from its 52-week high?
Sparq Systems Inc. trades at C$1.00, about 30% below its 52-week high of C$1.43 and 69% above the low of C$0.5900 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.5400 is for.
Which stocks are comparable to Sparq Systems Inc.?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Delta Electronics (Thailand) Public Company, 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 Sparq Systems Inc. stock attractive at the current price?
The data as of Nov 10, 2026: price C$1.00, calculated fair value C$0.5400 (−46%), Quality Score 48/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Sparq Systems 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 Sparq Systems Inc. (SPRQ)?
The closing price on Nov 9, 2026 was C$1.00. Our estimate is C$0.5400, about 46% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sparq Systems Inc. right now?
The price sits above even our optimistic bull case (C$0.6800). The favourable scenario is already priced in. Weak quality (48/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Sparq Systems Inc.

How large is the market capitalisation of Sparq Systems Inc. (SPRQ)?
The market capitalisation of Sparq Systems Inc. is C$117M (≈ $82.4M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sparq Systems Inc. (SPRQ)?
The price-to-sales ratio of Sparq Systems Inc. is 34.9 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sparq Systems Inc. (SPRQ)?
Earnings per share at Sparq Systems Inc. are C$−0.0300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Sparq Systems Inc. (SPRQ)?
The net margin of Sparq Systems Inc. is −128% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Sparq Systems Inc. (SPRQ)?
The return on equity (ROE) of Sparq Systems Inc. is −64.3% (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 Sparq Systems Inc. (SPRQ)?
On an EBIT basis the return on assets of Sparq Systems Inc. is −67.3% (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.
What is the operating margin of Sparq Systems Inc. (SPRQ)?
The operating margin of Sparq Systems Inc. is −123% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sparq Systems Inc. (SPRQ)?
Revenue at Sparq Systems Inc. is growing +504% 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 Sparq Systems Inc. (SPRQ) generate?
The free cash flow of Sparq Systems Inc. is −C$2.0M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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