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Sparton

DB:2SR
Snowflake Description

Questionable track record with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
2SR
DB
$182M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Sparton Corporation, together with its subsidiaries, provides design, development, and manufacturing services for electromechanical devices; and engineered products in electromechanical value stream worldwide. The last earnings update was 26 days ago. More info.


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  • Sparton has significant price volatility in the past 3 months.
2SR Share Price and Events
7 Day Returns
-0.1%
DB:2SR
-0.1%
Europe Aerospace & Defense
1.1%
DE Market
1 Year Returns
-11.5%
DB:2SR
15.8%
Europe Aerospace & Defense
-6.4%
DE Market
2SR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sparton (2SR) -0.1% 1.4% 34.8% -11.5% - -
Europe Aerospace & Defense -0.1% 5.9% 6.8% 15.8% 51.8% 82.5%
DE Market 1.1% 3.1% 0.5% -6.4% 9.6% 10.3%
1 Year Return vs Industry and Market
  • 2SR underperformed the Aerospace & Defense industry which returned 15.8% over the past year.
  • 2SR underperformed the Market in Germany which returned -6.4% over the past year.
Price Volatility
2SR
Industry
5yr Volatility vs Market

2SR Value

 Is Sparton undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sparton to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sparton.

DB:2SR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.8%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:2SR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Aerospace & Defense Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.909 (1 + (1- 21%) (35.27%))
1.109
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.109 * 5.96%)
6.84%

Discounted Cash Flow Calculation for DB:2SR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sparton is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:2SR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.84%)
2019 7.75 Est @ -45.48% 7.26
2020 5.29 Est @ -31.76% 4.63
2021 4.12 Est @ -22.17% 3.38
2022 3.48 Est @ -15.45% 2.67
2023 3.11 Est @ -10.75% 2.23
2024 2.88 Est @ -7.45% 1.93
2025 2.73 Est @ -5.15% 1.72
2026 2.63 Est @ -3.54% 1.55
2027 2.57 Est @ -2.41% 1.42
2028 2.53 Est @ -1.62% 1.30
Present value of next 10 years cash flows $28.09
DB:2SR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $2.53 × (1 + 0.23%) ÷ (6.84% – 0.23%)
$38.31
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $38.31 ÷ (1 + 6.84%)10
$19.77
DB:2SR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $28.09 + $19.77
$47.86
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $47.86 / 9.83
$4.25
DB:2SR Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:2SR represents 0.87399x of NYSE:SPA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87399x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 4.87 x 0.87399
€4.25
Value per share (EUR) From above. €4.25
Current discount Discount to share price of €16.16
= -1 x (€16.16 - €4.25) / €4.25
-280%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Sparton is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sparton's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sparton's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:2SR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-30) in USD $0.40
NYSE:SPA Share Price ** NYSE (2019-03-01) in USD $18.49
Europe Aerospace & Defense Industry PE Ratio Median Figure of 26 Publicly-Listed Aerospace & Defense Companies 22.51x
Germany Market PE Ratio Median Figure of 420 Publicly-Listed Companies 18.49x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sparton.

DB:2SR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:SPA Share Price ÷ EPS (both in USD)

= 18.49 ÷ 0.40

46.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sparton is overvalued based on earnings compared to the Europe Aerospace & Defense industry average.
  • Sparton is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Sparton's expected growth come at a high price?
Raw Data
DB:2SR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 46.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Aerospace & Defense Industry PEG Ratio Median Figure of 25 Publicly-Listed Aerospace & Defense Companies 1.37x
Germany Market PEG Ratio Median Figure of 278 Publicly-Listed Companies 1.43x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Sparton, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sparton's assets?
Raw Data
DB:2SR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-30) in USD $7.68
NYSE:SPA Share Price * NYSE (2019-03-01) in USD $18.49
Europe Aerospace & Defense Industry PB Ratio Median Figure of 42 Publicly-Listed Aerospace & Defense Companies 2.08x
Germany Market PB Ratio Median Figure of 567 Publicly-Listed Companies 1.78x
DB:2SR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:SPA Share Price ÷ Book Value per Share (both in USD)

= 18.49 ÷ 7.68

2.41x

* Primary Listing of Sparton.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sparton is overvalued based on assets compared to the Europe Aerospace & Defense industry average.
X
Value checks
We assess Sparton's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Aerospace & Defense industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Aerospace & Defense industry average (and greater than 0)? (1 check)
  5. Sparton has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

2SR Future Performance

 How is Sparton expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sparton has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.6%
Expected Aerospace & Defense industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sparton expected to grow at an attractive rate?
  • Unable to compare Sparton's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Sparton's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Sparton's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:2SR Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Aerospace & Defense Industry Earnings Growth Rate Market Cap Weighted Average 16.6%
Europe Aerospace & Defense Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 10.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:2SR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:2SR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:2SR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-30 389 19 4
2018-09-30 382 31 -6
2018-07-01 375 -4 -8
2018-04-01 379 -2 -6
2017-12-31 380 16 -8
2017-10-01 380 5 -1
2017-07-02 398 31 1
2017-04-02 400 42 -42
2017-01-01 407 50 -42
2016-10-02 413 47 -41
2016-07-03 419 48 -38
2016-03-27 439 13 9

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Sparton is high growth as no earnings estimate data is available.
  • Unable to determine if Sparton is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:2SR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Sparton Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2SR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:2SR Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-30 0.40
2018-09-30 -0.62
2018-07-01 -0.84
2018-04-01 -0.64
2017-12-31 -0.81
2017-10-01 -0.08
2017-07-02 0.13
2017-04-02 -4.33
2017-01-01 -4.26
2016-10-02 -4.14
2016-07-03 -3.91
2016-03-27 0.90

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Sparton will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 2SR’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Sparton's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Capital Goods companies here
  3. Sparton's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Sparton's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sparton has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

2SR Past Performance

  How has Sparton performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sparton's growth in the last year to its industry (Aerospace & Defense).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sparton's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Sparton has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Sparton has become profitable in the last year making it difficult to compare the Europe Aerospace & Defense industry average.
Earnings and Revenue History
Sparton's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sparton Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:2SR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-30 389.12 3.94 55.96 4.30
2018-09-30 381.69 -6.06 55.30 3.52
2018-07-01 374.99 -8.25 58.14 2.75
2018-04-01 378.91 -6.29 57.44 1.91
2017-12-31 380.38 -7.96 57.05 2.03
2017-10-01 379.96 -0.78 55.93 1.89
2017-07-02 397.56 1.31 54.11 1.67
2017-04-02 400.14 -42.42 52.66 2.14
2017-01-01 406.91 -41.72 53.52 2.28
2016-10-02 413.04 -40.54 54.91 2.18
2016-07-03 419.36 -38.28 55.15 2.34
2016-03-27 438.79 8.82 55.41 2.30
2015-12-27 429.68 11.77 53.56 2.16
2015-09-27 411.79 13.04 50.01 1.92
2015-06-30 382.13 10.86 46.97 1.50
2015-03-31 349.23 8.78 43.81 0.88
2014-12-31 340.15 8.95 40.74 0.68
2014-09-30 339.23 10.89 38.64 0.88
2014-06-30 336.50 12.99 35.68 1.17
2014-03-31 324.43 15.65 31.94 1.42
2013-12-31 305.59 12.94 29.94 1.54
2013-09-30 288.13 14.30 28.62 1.38
2013-06-30 265.00 13.47 26.45 1.30
2013-03-31 244.53 11.89 25.43 1.22
2012-12-31 234.43 12.36 24.13 1.23
2012-09-30 222.55 9.46 22.29 1.20
2012-06-30 226.46 9.85 22.23 1.29
2012-03-31 223.15 4.73 21.63 1.51

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Sparton has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sparton used its assets more efficiently than the Europe Aerospace & Defense industry average last year based on Return on Assets.
  • Sparton has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sparton's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Aerospace & Defense industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sparton has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

2SR Health

 How is Sparton's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sparton's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sparton's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Sparton's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sparton's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sparton Company Filings, last reported 2 months ago.

DB:2SR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-30 75.49 64.13 1.39
2018-09-30 73.49 73.10 1.17
2018-07-01 73.60 84.67 1.16
2018-04-01 74.21 97.04 0.79
2017-12-31 72.08 79.20 1.10
2017-10-01 80.13 97.97 0.32
2017-07-02 81.87 74.94 0.99
2017-04-02 79.23 88.12 1.03
2017-01-01 79.20 86.28 0.59
2016-10-02 79.08 96.41 0.72
2016-07-03 78.63 97.76 0.13
2016-03-27 120.75 124.00 1.68
2015-12-27 120.30 133.80 4.83
2015-09-27 119.66 138.80 2.19
2015-06-30 116.88 154.50 14.91
2015-03-31 111.92 80.00 5.58
2014-12-31 107.59 58.50 3.24
2014-09-30 109.94 42.00 6.55
2014-06-30 110.12 41.00 8.03
2014-03-31 106.50 36.44 7.50
2013-12-31 101.86 26.47 1.01
2013-09-30 97.59 30.01 2.72
2013-06-30 96.07 11.54 6.09
2013-03-31 90.21 14.57 4.36
2012-12-31 88.41 15.60 6.07
2012-09-30 83.58 1.64 43.10
2012-06-30 82.49 1.67 46.95
2012-03-31 78.50 1.70 26.68
  • Sparton's level of debt (85%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (26% vs 85% today).
  • Debt is well covered by operating cash flow (30.4%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Sparton's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sparton has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

2SR Dividends

 What is Sparton's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Sparton dividends.
If you bought €2,000 of Sparton shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Sparton's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sparton's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:2SR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Aerospace & Defense Industry Average Dividend Yield Market Cap Weighted Average of 26 Stocks 1.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:2SR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
DB:2SR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2009-03-05 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Sparton has not reported any payouts.
  • Unable to verify if Sparton's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sparton's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sparton has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sparton's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sparton afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sparton has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

2SR Management

 What is the CEO of Sparton's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Joseph Hartnett
COMPENSATION $1,052,210
AGE 62
TENURE AS CEO 3.1 years
CEO Bio

Mr. Joseph J. Hartnett has been Chief Executive Officer and Interim President of Sparton Corporation since February 5, 2016. Mr. Hartnett has consulted with companies as a C-level executive since 2010. Mr. Hartnett served as the President and Chief Executive Officer of Ingenient Technologies, Inc. from April 2008 to November 2010. He joined Ingenient in September 2007 as Chief Operating Officer. Mr. Hartnett has significant industry experience in the areas of international business, operations management, executive leadership, strategic planning and finance, as well as extensive corporate governance, executive compensation and financial experience. He left Ingenient following the sale of it and completion of post-sale transition activities. He served as the Chairman of the Board and Chief Financial Officer of U.S. Robotics Corporation from June 2000 to October 2006. He served as the President and Chief Executive Officer of U.S. Robotics Corporation from May 2001 to October 2006. Mr. Hartnett joined U.S. Robotics in June 2000 when U.S. Robotics was being re-established as an independent Company. He helped lead U.S. Robotics's turnaround and eventual sale. Prior to that, Mr. Hartnett was a partner with Grant Thornton LLP where he served for over 20 years in various leadership positions at the regional, national, and international level. He served as the Chairman of Sparton Corp. until February 5, 2016. He has been a Director of Sparton Corp. since September 2008. He was a Director of Ingenient Technologies. Mr. Hartnett has been a Director of Garmin Ltd. since June 7, 2013. Mr. Hartnett served as a Director of Crossroads Systems, Inc. from March 1, 2011 to May 20, 2013. He is a Registered Certified Public Accountant Accountant in the State of Illinois. Mr. Hartnett holds a Bachelor of Science in Accounting from the University of Illinois at Chicago.

CEO Compensation
  • Joseph's compensation has been consistent with company performance over the past year.
  • Joseph's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Sparton management team in years:

8.5
Average Tenure
56
Average Age
  • The average tenure for the Sparton management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Joseph Hartnett

TITLE
Interim President
COMPENSATION
$1M
AGE
62
TENURE
3.1 yrs

Joe McCormack

TITLE
CFO & Senior VP
COMPENSATION
$692K
AGE
55
TENURE
3.5 yrs

Gordon Madlock

TITLE
Senior Vice President of Operations
COMPENSATION
$631K
AGE
60
TENURE
10.2 yrs

Steve Korwin

TITLE
Senior Vice President of Quality & Engineering
COMPENSATION
$549K
AGE
55
TENURE
8.5 yrs

Jim Lackemacher

TITLE
Group Vice President of DSS Engineered Products
COMPENSATION
$153K
AGE
56
TENURE
13.9 yrs
Board of Directors Tenure

Average tenure and age of the Sparton board of directors in years:

5.7
Average Tenure
60.5
Average Age
  • The tenure for the Sparton board of directors is about average.
Board of Directors

Jim Swartwout

TITLE
Chairman of the Board
COMPENSATION
$142K
AGE
72
TENURE
3.1 yrs

Joseph Hartnett

TITLE
Interim President
COMPENSATION
$1M
AGE
62
TENURE
10.5 yrs

Jim Fast

TITLE
Independent Director
COMPENSATION
$82K
AGE
70
TENURE
18.2 yrs

Andy Wilson

TITLE
Independent Director
COMPENSATION
$90K
AGE
59
TENURE
4.1 yrs

Chuck Kummeth

TITLE
Independent Director
COMPENSATION
$77K
AGE
58
TENURE
7.3 yrs

Alan Bazaar

TITLE
Independent Director
COMPENSATION
$101K
AGE
48
TENURE
2.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
13. Dec 18 Buy Teton Advisors, Inc Company 16. Oct 18 11. Dec 18 18,700 €12.65 €222,803
13. Dec 18 Sell Gabelli & Company Investment Advisers, Inc. Company 28. Nov 18 29. Nov 18 -800 €12.68 €-10,138
13. Dec 18 Buy Gabelli & Company Investment Advisers, Inc. Company 31. Oct 18 31. Oct 18 4,100 €10.94 €44,856
13. Dec 18 Sell GAMCO Investors, Inc. Company 26. Nov 18 12. Dec 18 -10,857 €16.11 €-139,213
13. Dec 18 Buy GAMCO Investors, Inc. Company 07. Nov 18 12. Dec 18 48,900 €16.11 €776,544
03. Aug 18 Buy Teton Advisors, Inc Company 13. Jul 18 02. Aug 18 22,000 €14.26 €301,712
03. Aug 18 Buy Gabelli & Company Investment Advisers, Inc. Company 25. Jul 18 02. Aug 18 54,170 €13.19 €0
03. Aug 18 Sell GAMCO Investors, Inc. Company 12. Jul 18 27. Jul 18 -5,000 €14.07 €0
03. Aug 18 Buy GAMCO Investors, Inc. Company 13. Jul 18 02. Aug 18 60,019 €14.35 €420,499
13. Jul 18 Buy Teton Advisors, Inc Company 06. Jun 18 12. Jul 18 43,370 €16.23 €634,975
13. Jul 18 Sell Gabelli & Company Investment Advisers, Inc. Company 31. May 18 03. Jul 18 -4,100 €16.60 €-67,216
13. Jul 18 Buy Gabelli & Company Investment Advisers, Inc. Company 10. Jul 18 12. Jul 18 6,500 €14.54 €93,084
13. Jul 18 Sell GAMCO Investors, Inc. Company 31. May 18 08. Jun 18 -3,900 €15.70 €0
13. Jul 18 Buy GAMCO Investors, Inc. Company 29. May 18 12. Jul 18 81,000 €16.85 €442,725
25. May 18 Buy Teton Advisors, Inc Company 09. Mar 18 25. May 18 23,700 €15.57 €357,904
25. May 18 Sell Gabelli & Company Investment Advisers, Inc. Company 06. Apr 18 06. Apr 18 -200 €15.61 €-3,122
25. May 18 Sell GAMCO Investors, Inc. Company 06. Apr 18 06. Apr 18 -1,300 €15.61 €-20,294
25. May 18 Buy GAMCO Investors, Inc. Company 12. Mar 18 25. May 18 83,833 €15.72 €1,260,586
09. Mar 18 Buy Teton Advisors, Inc Company 05. Mar 18 06. Mar 18 118,800 €13.80 €1,632,843
09. Mar 18 Buy Gabelli & Company Investment Advisers, Inc. Company 26. Jan 18 05. Mar 18 7,700 €18.72 €124,931
09. Mar 18 Sell GAMCO Investors, Inc. Company 06. Mar 18 06. Mar 18 -400 €13.69 €-5,476
09. Mar 18 Buy GAMCO Investors, Inc. Company 12. Feb 18 05. Mar 18 8,100 €18.19 €117,219
X
Management checks
We assess Sparton's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sparton has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

2SR News

Simply Wall St News

2SR Company Info

Map
Description

Sparton Corporation, together with its subsidiaries, provides design, development, and manufacturing services for electromechanical devices; and engineered products in electromechanical value stream worldwide. The company operates through two segments, Manufacturing & Design Services (MDS), and Engineered Components & Products (ECP). The MDS segment is involved in the contract design, manufacture, and aftermarket repair and refurbishment of printed circuit card assemblies, sub-assemblies, full product assemblies, and cable/wire harnesses, as well as development of embedded software and software quality assurance services in connection with medical devices and diagnostic equipment. This segment serves original equipment manufacturers and emerging technology customers serving the medical and biotechnology, military and aerospace, and industrial and commercial markets. The ECP segment designs, develops, and produces proprietary products for domestic and foreign defense, and commercial applications. It offers anti-submarine warfare devices for the U.S. Navy and foreign governments; rugged flat panel display systems for military panel PC workstations, air traffic control and industrial, and commercial marine applications; and high performance industrial grade computer systems and peripherals, as well as develops and markets commercial products for underwater acoustics and microelectromechanical based inertial measurement. This segment also performs an engineering development function for the United States military and prime defense contractors. Sparton Corporation was founded in 1900 and is headquartered in Schaumburg, Illinois.

Details
Name: Sparton Corporation
2SR
Exchange: DB
Founded: 1900
$160,622,830
9,834,723
Website: http://www.sparton.com
Address: Sparton Corporation
425 North Martingale Road,
Suite 1000,
Schaumburg,
Illinois, 60173,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE SPA Common Stock New York Stock Exchange US USD 02. Jan 1968
DB 2SR Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
Number of employees
Current staff
Staff numbers
1,531
Sparton employees.
Industry
Aerospace and Defense
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/04 22:00
End of day share price update: 2019/03/01 00:00
Last estimates confirmation: 2017/09/14
Last earnings filing: 2019/02/06
Last earnings reported: 2018/12/30
Last annual earnings reported: 2018/07/01


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.