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Spectra Products Inc (SSA) Fair Value & Analysis

Consumer Cyclical · CA · Market cap C$2.7M

SP Spectra Products Inc SSA · V
PriceC$0.1900
Fair ValueC$0.1377
Upside-27.5%
Quality69/100
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Weak Growth
Thin margins · 0.5% net margin
Low debt · generates free cash flow
Trails peers (3/12)
Narrow moat 25/100
Evidence: High Range C$0.1377 – C$0.1721 Share as image

Fair value as of: Jul 19, 2026

From 21 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from C$0.1200 to C$0.1377 (+14.8%) since Jun 24, 2026. Share price −5.0% over the past month.

A solid business, but screening 28% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (C$0.1721). The favourable scenario is already priced in.
  • Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

C$0.3500 C$0.1300 Fair Value C$0.1377 Mar 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range C$0.1300 – C$0.3500 · fair‑value band C$0.1377 – C$0.1721 · the C$0.1900 price screens above the C$0.1377 fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Spectra Products Inc (SSA) currently trades at C$0.1900, while our model-based Fair Value estimate is C$0.1377, implying the stock looks roughly 27.5% overvalued today. The Quality Score stands at 69/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Spectra Products Inc generated revenue of C$1.6M at a net margin of 0.5%. Revenue declined 17.9% year over year. It earns a return on equity of 0.5%. Fundamentals as of Jul 19, 2026

Our scenario range runs from C$0.1377 (bear case) to C$0.1721 (bull case); at C$0.1900, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 14% below its 52-week high and 27% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at -28%, SSA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
Growth DCF C$0.1800 C$0.2100 C$0.2600 80
Rev-Margin DCF C$0.1300 C$0.1600 C$0.1900 74
ROIC Compounder C$0.0700 C$0.0700 C$0.0700 72
All 21 models by family
DCF Models
FCF DCF C$0.1800 C$0.2100 C$0.2600 38
5Y Revenue Exit C$0.1300 C$0.1600 C$0.1900 39
5Y EBITDA Exit C$0.1500 C$0.1800 C$0.2300 41
5Y P/E Exit C$0.1400 C$0.1600 C$0.1900 38
10Y Revenue Exit C$0.1500 C$0.1700 C$0.1900 36
10Y EBITDA Exit C$0.1600 C$0.1900 C$0.2100 37
10Y P/E Exit C$0.1600 C$0.1800 C$0.1900 35
Earnings-Based
Graham-Dodd C$0.0300 C$0.0400 C$0.0400 54
EPV C$0.0700 C$0.0700 C$0.0700 59
Multiples
P/E Multiple C$0.0600 C$0.0800 C$0.1000 63
P/S Multiple C$0.0500 C$0.0600 C$0.0800 58
P/B Multiple C$0.0500 C$0.0600 C$0.0800 55
EV/EBIT C$0.1200 C$0.1500 C$0.1700 53
EV/EBITDA C$0.1400 C$0.1700 C$0.2000 54
EV/Revenue C$0.1000 C$0.1200 C$0.1400 43
Asset-Based
NCAV (Graham) C$0.0700 C$0.0900 C$0.1400 50
Growth DCF
Growth DCF C$0.1800 C$0.2100 C$0.2600 80
Rev-Margin DCF C$0.1300 C$0.1600 C$0.1900 74
Economic Profit
Residual Income C$0.0900 C$0.0800 C$0.0600 61
ROIC Compounder C$0.0700 C$0.0700 C$0.0700 72
Growth Earnings
Growth-Adj P/E C$0.0400 C$0.0600 C$0.0800 68

Widest divergence: DCF Models (C$0.1800) versus Earnings-Based (C$0.0400). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) C$1.6M
Revenue growth (YoY) -17.9%
Net margin 0.5%
Return on equity 0.5%
Free cash flow C$230K FY2025
Operating margin 3.5%
More key figures
EPS growth (YoY) -64.9%

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 70 · Market factors (momentum, volatility) 48

Profitability 39
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 79
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Spectra Products Inc. manufactures and markets bus and truck transportation safety equipment in Canada and the United States.

Full company description

Spectra Products Inc. manufactures and markets bus and truck transportation safety equipment in Canada and the United States. The company offers Brake Safe, a visual indicator of brake stroke system that permits vehicle drivers and maintenance to visually check the brake adjustment condition of a truck and trailer or bus equipped with an air brake system; Termin-8r, an extreme pressure lubricant for protecting electrical vehicle charging ports and charging stations which are prone to corrosion; Zafety Lug Lock, prevents wheel-end lug nuts from loosening leading to wheel damage or wheel loss; Hub Alert, a heat-sensitive label that is applied to each wheel hub of trucks, trailers, buses and off-road vehicles to provide an early warning of critical temperature threshold levels; and Anti-Seize Cotter Pin, which keeps clevis pins from seizing in slack adjusters. It sells its products to transportation industry directly, through traditional transportation distributors and truck/trailer dealerships, as well as to trailer manufacturers. The company was formerly known as Spectra Inc. and changed its name to Spectra Products Inc. in January 2020. Spectra Products Inc. was incorporated in 1994 and is based in Toronto, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Spectra Products Inc reported revenue of C$1.7M in FY2025 versus C$1.7M in FY2021, a compound −0.2%/yr. Reported net income was C$48.0K in FY2025, compounding −34.6%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
C$1.7M
Latest YoY
+1.2%
Avg. growth/yr (3Y) 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.
+0.5%
Avg. growth/yr (5Y) 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.
+1.0%
Avg. growth/yr (12Y) 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.
+2.3%
Revenue −0.2%/yr
FY21 C$1.7M
FY22 C$1.7M
FY23 C$2.1M
FY24 C$1.7M
FY25 C$1.7M
Net income −34.6%/yr
FY21 C$262K
FY22 C$90.1K
FY23 C$285K
FY24 C$158K
FY25 C$48.0K

SSA screens 28% overvalued. Compare with Hyundai Mobis Co →

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Cite: Fair Value Calculator (2026). "Spectra Products Inc Fair Value". https://www.fairvalue-calculator.com/stock/SSA

Peer Group

Auto Parts · 642 stocks

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.

Quality Score 69 · Top 25%
Fair Value upside −28% · Below median
Return on equity (TTM) 0% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 1% · Bottom 25%
Operating margin (TTM) 4% · Below median
Revenue growth -18% · Bottom 25%
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Auto Parts median · lower = cheaper

P/B 1.12× · Cheaper than median
P/S (TTM) 1.24× · Pricier than median
P/FCF 8.5× · Pricier than 75% of peers
EV/EBITDA 18.7× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 16
FUTURE 0 · sector 23
PAST 2 · sector 26
HEALTH 97 · sector 95
DIVIDEND 0 · sector 30

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

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

Is Spectra Products Inc (SSA) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of C$0.1377 versus a price of C$0.1900, about −28% (overvalued).
What is the fair value of SSA?
Our model-based fair value for Spectra Products Inc is C$0.1377 (as of Jul 19, 2026), built from audited fundamentals. The current price is C$0.1900.
What is the quality score of SSA?
Spectra Products Inc has a Quality Score of 69/100. 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 revenue of Spectra Products Inc (SSA)?
Spectra Products Inc reported trailing-twelve-month revenue of about C$1.6M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of SSA?
The net profit margin of Spectra Products Inc is about 0.5%, meaning it keeps roughly 0.5% of revenue as net income. Based on the latest reported figures.

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.

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