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Spectra Systems Corporation (SPSC) Fair Value & Analysis

Technology · GB · Market cap 78.1M GBX

SS Spectra Systems Corporation SPSC · LSE
Price£1.60
Fair Value£3.49
Upside+118.1%
Quality90/100
Evidence: High Range £2.24 – £4.36

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 5 days ago

Price vs Fair Value (12 months)

£2.05 £1.60 Fair Value £3.49 Jun 2025 Jun 2026

12‑month range £1.60 – £2.05 · fair‑value band £2.24 – £4.36 · the £1.60 price screens below the £3.49 fair value. As of Jun 24, 2026.

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Analysis

Spectra Systems Corporation (SPSC) currently trades at £1.60, while our model-based Fair Value estimate is £3.49 — implying the stock looks roughly 118.1% undervalued today. We read business quality at 90/100 (high quality), in the Technology 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, Spectra Systems Corporation generated revenue of £64.3M at a net margin of 31.2%. Revenue grew 10.8% year over year. It earns a return on equity of 45.7%. The balance sheet holds a net cash position of £2.8M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 64.3M GBX
Revenue growth (YoY) +10.8%
Net margin 31.2%
Return on equity 45.7%
Free cash flow 8.5M GBX FY2024
P/E ratio 5.3
More key figures
Operating margin 34.9%
EPS (TTM) £0.3000
Dividend yield 8.5%
EPS growth (YoY) +237%
Net cash 2.8M GBX FY2024

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Spectra Systems Corporation invents, develops, and sells integrated optical systems in the United States and internationally. It operates through four segments: Authentication Systems, Secure Transactions, Security Printing, and Banknote Cleaning. It offers integrated solutions, including a system of taggant materials and sensor equipment to authenticate banknotes and security documents; and banknote cleaning and disinfection systems. The company also provides optical materials for security and quality control, such as fluorescent and phosphorescent pigments and dyes, invisible pigments and dyes, and gasochromic response materials; customized materials and hardware solutions; and internal control systems for integrity of the lottery and sports betting games. In addition, it offers software and hardware systems comprising high-speed currency authentication sensors; and conventional and hybrid postage stamps, tax stamps, vouchers, coupons, certificates, and high-security documents. Th…

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Spectra Systems Corporation reported revenue of £49.2M in FY2024 versus £14.7M in FY2020, a compound +35.3%/yr. Reported net income was £8.5M in FY2024, compounding +13.6%/yr from FY2020.

Revenue +35.3%/yr
FY20 £14.7M
FY21 £16.6M
FY22 £19.6M
FY23 £20.3M
FY24 £49.2M
Net income +13.6%/yr
FY20 £5.1M
FY21 £5.2M
FY22 £6.1M
FY23 £6.0M
FY24 £8.5M

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Frequently asked questions

Is Spectra Systems Corporation (SPSC) undervalued?
As of Jun 24, 2026, our model estimates a fair value of £3.49 versus a price of £1.60 — about +118% (undervalued). Model-based estimate, not financial advice.
What is the fair value of SPSC?
Our 21-model fair value for Spectra Systems Corporation is £3.49 (as of Jun 24, 2026), built from audited fundamentals. The current price is £1.60.
What is the quality score of SPSC?
Spectra Systems Corporation has a Quality Score of 90/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Spectra Systems Corporation (SPSC)?
Spectra Systems Corporation reported trailing-twelve-month revenue of about £64.3M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of SPSC?
The net profit margin of Spectra Systems Corporation is about 31.2%, meaning it keeps roughly 31.2% of revenue as net income. Based on the latest reported figures.
Does Spectra Systems Corporation pay a dividend?
Spectra Systems Corporation currently shows a dividend yield of about 8.50% relative to its recent price (as of Jun 24, 2026).

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.