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Spark Energy

DB:SLE
Snowflake Description

Adequate balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SLE
DB
$190M
Imp Market Cap
  1. Home
  2. DE
  3. Utilities
Company description

Spark Energy, Inc., through its subsidiaries, operates as an independent retail energy services company in the United States. The last earnings update was 33 days ago. More info.


Add to Portfolio Compare Print
  • Spark Energy has significant price volatility in the past 3 months.
SLE Share Price and Events
7 Day Returns
-16.9%
DB:SLE
0.2%
Europe Electric Utilities
-0.6%
DE Market
1 Year Returns
-40.8%
DB:SLE
-2.6%
Europe Electric Utilities
-20.9%
DE Market
SLE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Spark Energy (SLE) -16.9% -37.6% -39.9% -40.8% -68.8% -
Europe Electric Utilities 0.2% -18.2% -13.1% -2.6% 19.9% -3%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • SLE underperformed the Electric Utilities industry which returned -2.6% over the past year.
  • SLE underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
SLE
Industry
5yr Volatility vs Market

SLE Value

 Is Spark Energy 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 Spark Energy 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

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

DB:SLE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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:SLE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.25
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.245 (1 + (1- 21%) (65.06%))
0.579
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.8 * 5.44%)
3.96%

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

The calculations below outline how an intrinsic value for Spark Energy 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:SLE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 3.96%)
2020 103.73 Est @ 14.73% 99.78
2021 114.30 Est @ 10.19% 105.76
2022 122.32 Est @ 7.02% 108.86
2023 128.19 Est @ 4.79% 109.73
2024 132.34 Est @ 3.24% 108.97
2025 135.18 Est @ 2.15% 107.07
2026 137.06 Est @ 1.39% 104.42
2027 138.23 Est @ 0.85% 101.30
2028 138.90 Est @ 0.48% 97.91
2029 139.20 Est @ 0.22% 94.39
Present value of next 10 years cash flows $1,038.00
DB:SLE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $139.20 × (1 + -0.39%) ÷ (3.96% – -0.39%)
$3,186.15
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,186.15 ÷ (1 + 3.96%)10
$2,160.33
DB:SLE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,038.00 + $2,160.33
$3,198.33
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,198.33 / 35.18
$90.91
DB:SLE Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:SLE represents 0.81395x of NasdaqGS:SPKE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.81395x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 90.91 x 0.81395
€74.00
Value per share (EUR) From above. €74.00
Current discount Discount to share price of €4.90
= -1 x (€4.90 - €74.00) / €74.00
93.4%

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

Current Discount
Amount off the current price Spark Energy is available for.
Intrinsic value
>50%
Share price is €4.9 vs Future cash flow value of €74
Current Discount Checks
For Spark Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Spark Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Spark Energy's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Spark Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Spark Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:SLE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.03
NasdaqGS:SPKE Share Price ** NasdaqGS (2020-04-06) in USD $6.02
Europe Electric Utilities Industry PE Ratio Median Figure of 76 Publicly-Listed Electric Utilities Companies 10.33x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

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

** Primary Listing of Spark Energy.

DB:SLE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:SPKE Share Price ÷ EPS (both in USD)

= 6.02 ÷ 0.03

239.56x

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

  • Spark Energy is overvalued based on earnings compared to the Europe Electric Utilities industry average.
  • Spark Energy is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Spark Energy's expected growth come at a high price?
Raw Data
DB:SLE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 239.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
Europe Electric Utilities Industry PEG Ratio Median Figure of 37 Publicly-Listed Electric Utilities Companies 1.51x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*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 Spark Energy, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Spark Energy's assets?
Raw Data
DB:SLE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $3.56
NasdaqGS:SPKE Share Price * NasdaqGS (2020-04-06) in USD $6.02
Europe Electric Utilities Industry PB Ratio Median Figure of 87 Publicly-Listed Electric Utilities Companies 0.76x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:SLE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:SPKE Share Price ÷ Book Value per Share (both in USD)

= 6.02 ÷ 3.56

1.69x

* Primary Listing of Spark Energy.

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

  • Spark Energy is overvalued based on assets compared to the Europe Electric Utilities industry average.
X
Value checks
We assess Spark Energy'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 Electric Utilities 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 Electric Utilities industry average (and greater than 0)? (1 check)
  5. Spark Energy has a total score of 2/6, 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.

SLE Future Performance

 How is Spark Energy expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
9.6%
Expected Electric Utilities industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Spark Energy expected to grow at an attractive rate?
  • Unable to compare Spark Energy's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Spark Energy's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Spark Energy's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:SLE Future Growth Rates Data Sources
Data Point Source Value (per year)
Europe Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 9.6%
Europe Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*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:SLE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:SLE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 827 1
2020-04-07
DB:SLE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 814 92 0
2019-09-30 856 95 -5
2019-06-30 907 74 -13
2019-03-31 962 99 3
2018-12-31 1,006 60 -9
2018-09-30 1,012 42 11
2018-06-30 969 53 8
2018-03-31 888 29 1
2017-12-31 798 62 16
2017-09-30 732 68 11
2017-06-30 675 64 10
2017-03-31 632 66 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Spark Energy is high growth as no earnings estimate data is available.
  • Unable to determine if Spark Energy 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:SLE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Spark Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SLE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2020-04-07
DB:SLE Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.03
2019-09-30 -0.32
2019-06-30 -0.96
2019-03-31 0.19
2018-12-31 -0.69
2018-09-30 0.83
2018-06-30 0.58
2018-03-31 0.07
2017-12-31 1.23
2017-09-30 0.87
2017-06-30 0.78
2017-03-31 0.97

*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 Spark Energy will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Spark Energy'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.
Spark Energy 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.

SLE Past Performance

  How has Spark Energy 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 Spark Energy's growth in the last year to its industry (Electric Utilities).
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.
  • Spark Energy's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Spark Energy has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Spark Energy has become profitable in the last year making it difficult to compare the Europe Electric Utilities industry average.
Earnings and Revenue History
Spark Energy'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 Spark Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:SLE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 813.73 0.36 134.86
2019-09-30 856.06 -4.54 123.98
2019-06-30 907.44 -13.31 122.04
2019-03-31 961.95 2.59 112.58
2018-12-31 1,005.93 -9.30 113.15
2018-09-30 1,012.19 10.98 114.53
2018-06-30 969.25 7.66 121.26
2018-03-31 888.44 0.99 116.10
2017-12-31 798.06 16.21 109.03
2017-09-30 731.96 11.34 109.74
2017-06-30 674.51 10.11 95.49
2017-03-31 632.46 12.36 91.66
2016-12-31 546.70 14.44 85.10
2016-09-30 472.86 6.68 72.02
2016-06-30 406.03 7.81 69.35
2016-03-31 366.90 5.63 64.26
2015-12-31 358.15 3.87 61.58
2015-09-30 346.06 2.77 61.30
2015-06-30 323.01 2.52 56.44
2015-03-31 318.70 -4.15 52.47
2014-12-31 322.88 -0.05 45.88
2014-09-30 322.55 20.41 37.23
2014-06-30 324.23 17.75 34.17
2014-03-31 323.77 23.31 33.86
2013-12-31 317.09 31.41 35.02

*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.
  • Spark Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Spark Energy used its assets less efficiently than the Europe Electric Utilities industry average last year based on Return on Assets.
  • Spark Energy's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Spark Energy'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 Electric Utilities 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.
Spark Energy has a total score of 0/6, 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.

SLE Health

 How is Spark Energy'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 Spark Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Spark Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Spark Energy's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Spark Energy'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.9x 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 Spark Energy Company Filings, last reported 3 months ago.

DB:SLE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 157.30 123.00 63.64
2019-09-30 168.78 119.50 49.34
2019-06-30 142.35 94.00 36.94
2019-03-31 176.51 116.40 40.60
2018-12-31 181.05 146.44 50.87
2018-09-30 211.72 132.54 55.43
2018-06-30 201.54 125.92 47.84
2018-03-31 201.72 123.73 49.96
2017-12-31 200.27 145.74 37.58
2017-09-30 170.52 109.38 21.41
2017-06-30 161.79 99.00 19.73
2017-03-31 175.38 30.42 31.20
2016-12-31 123.74 78.37 26.82
2016-09-30 110.72 69.26 26.00
2016-06-30 52.83 23.75 10.84
2016-03-31 43.68 30.04 10.03
2015-12-31 33.32 48.74 12.30
2015-09-30 34.57 53.53 14.31
2015-06-30 32.87 9.00 9.60
2015-03-31 32.40 20.00 13.32
2014-12-31 24.12 33.00 15.06
2014-09-30 38.52 20.50 6.80
2014-06-30 -0.88 41.05 2.14
2014-03-31 35.95 10.00 4.45
2013-12-31 35.91 27.50 14.12
  • Spark Energy's level of debt (78.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (135.7% vs 78.2% today).
  • Debt is well covered by operating cash flow (74.6%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Spark Energy'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. Spark Energy has a total score of 4/6, 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.

SLE Dividends

 What is Spark Energy'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
12.04%
Current annual income from Spark Energy dividends.
If you bought €2,000 of Spark Energy shares you are expected to receive €241 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?
  • Spark Energy's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • Spark Energy's dividend is above the markets top 25% of dividend payers in Germany (4.85%).
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:SLE 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 1 Analyst Estimates (S&P Global) See Below
Europe Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 51 Stocks 4.9%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:SLE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2020-04-07
DB:SLE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-03-05 0.725 11.052
2019-11-06 0.725 7.388
2019-07-17 0.725 7.156
2019-04-18 0.725 7.012
2019-01-17 0.725 8.099
2018-10-18 0.725 8.815
2018-07-19 0.725 8.504
2018-04-19 0.725 7.019
2018-01-18 0.725 6.834
2017-10-19 0.725 5.826
2017-07-19 0.725 4.358
2017-04-19 0.725 3.699
2017-01-19 0.725 5.053
2016-10-27 0.725 5.309
2016-07-20 0.725 5.392
2016-04-21 0.725 4.879
2016-01-21 0.725 6.297
2015-10-22 0.725 7.790
2015-07-23 0.725 9.023
2015-04-23 0.725 10.124
2015-02-17 0.725 10.226
2014-11-12 0.481 6.587

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

  • Whilst dividend payments have been stable, Spark Energy has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Spark Energy only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Spark Energy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0x coverage).
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 Spark Energy'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 Spark Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Spark Energy has a total score of 2/6, see the detailed checks below.


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

SLE Management

 What is the CEO of Spark Energy'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
William Maxwell
COMPENSATION $250,000
AGE 54
TENURE AS CEO 0.1 years
CEO Bio

Mr. William Keith Maxwell, III is Founder and Chief Executive Officer of Spark Energy Gas L.P. since 1999. Mr. Maxwell serves as Executive Chairman of the Board of Directors, Interim President and Chief Executive Officer since March 2020 and served as Interim Chief Executive Officer since March 12, 2020 until March 2020 at Spark Energy, Inc. Mr. Maxwell serves as the Chief Executive Officer of Spark Energy Ventures, NuDevco Partners, LLC, Retailco, LLC, Retailco Services, LLC, National Gas & Electric, LLC and Associated Energy Services, LP. He serves as the President of Tarpon Gas Storage, LP. Mr. Maxwell serves as the Director of Marlin Midstream, L.L.C. Hel has been Non-Executive Chairman at Spark Energy, Inc. since August 2014. Mr. Maxwell serves as Chairman of the Board of Spark Energy LP. He served as President and Chief Executive Officer at Marlin Midstream, L.L.C. Mr. Maxwell was a Partner in Polaris Pipeline, a natural gas producer, services and midstream company sold to TECO Pipeline in 1994. In 2010, He was named Ernst & Young Entrepreneur of the Year in the Energy, Chemicals and Mining category. Mr. Maxwell served as the President at Spark Energy Gas L.P. He served as the Chairman and Chief Executive Officer at Marlin Midstream GP LLC - General Partner of Marlin Midstream Partners, LP. Mr. Maxwell served as Chairman of Marlin Midstream Partners, LP of Azure Midstream Partners GP, LLC and Marlin Midstream, L.L.C. He served as Founding Partner of Wickford Energy since 1994. Mr. Maxwell served as a Director of Azure Midstream Partners GP, LLC, General Partner of Azure Midstream Partners, LP from February 2015 until February 2016. He served as Non-Independent Director of Marlin Midstream GP LLC, General Partner of Marlin Midstream Partners, LP, since July 2013. He holds a Bachelor’s Degree in Economics from the University of Texas at Austin in 1987.

CEO Compensation
  • William's compensation has been consistent with company performance over the past year, both up more than 20%.
  • William's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Spark Energy management team in years:

0.3
Average Tenure
  • The average tenure for the Spark Energy management team is less than 2 years, this suggests a new team.
Management Team

William Maxwell

TITLE
CEO, Interim President & Executive Chairman
COMPENSATION
$250K
AGE
54
TENURE
0.1 yrs

Jim Jones

TITLE
CFO & Chief Risk Officer
COMPENSATION
$173K
AGE
50
TENURE
0.8 yrs

Kevin McMinn

TITLE
Chief Operating Officer
TENURE
0.1 yrs

Mike Kuznar

TITLE
Head of Retail Market
TENURE
0.6 yrs

Mike Barajas

TITLE
Investor Relations Professional
Board of Directors Tenure

Average tenure and age of the Spark Energy board of directors in years:

4.8
Average Tenure
55
Average Age
  • The tenure for the Spark Energy board of directors is about average.
Board of Directors

William Maxwell

TITLE
CEO, Interim President & Executive Chairman
COMPENSATION
$250K
AGE
54
TENURE
5.7 yrs

Ken Hartwick

TITLE
Independent Director
COMPENSATION
$163K
AGE
56
TENURE
5.7 yrs

Nick Evans

TITLE
Independent Director
COMPENSATION
$153K
AGE
70
TENURE
3.9 yrs

Mandy Bush

TITLE
Director
AGE
38
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Spark Energy individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
23. Mar 20 Buy William Maxwell Individual 19. Mar 20 19. Mar 20 432 €5.86 €2,533
19. Mar 20 Buy William Maxwell Individual 18. Mar 20 18. Mar 20 3,568 €4.87 €17,387
16. Mar 20 Buy William Maxwell Individual 13. Mar 20 13. Mar 20 6,000 €7.02 €42,147
29. Aug 19 Buy William Maxwell Individual 28. Aug 19 28. Aug 19 8,220 €8.84 €72,678
28. Aug 19 Buy William Maxwell Individual 27. Aug 19 27. Aug 19 2,500 €8.82 €22,042
27. Aug 19 Buy William Maxwell Individual 21. Aug 19 26. Aug 19 34,726 €9.67 €319,408
16. Aug 19 Buy William Maxwell Individual 15. Aug 19 15. Aug 19 836 €9.35 €7,815
15. Aug 19 Buy William Maxwell Individual 14. Aug 19 14. Aug 19 200 €9.25 €1,850
14. Aug 19 Buy William Maxwell Individual 13. Aug 19 13. Aug 19 2,500 €9.36 €23,410
13. Aug 19 Buy William Maxwell Individual 12. Aug 19 12. Aug 19 5,900 €9.25 €54,560
27. Jun 19 Buy William Maxwell Individual 26. Jun 19 26. Jun 19 6,203 €9.37 €58,103
26. Jun 19 Buy William Maxwell Individual 21. Jun 19 25. Jun 19 15,700 €9.86 €149,823
21. Jun 19 Buy William Maxwell Individual 19. Jun 19 19. Jun 19 2,850 €10.00 €28,283
14. Jun 19 Buy William Maxwell Individual 13. Jun 19 13. Jun 19 1,259 €9.72 €12,238
13. Jun 19 Buy William Maxwell Individual 12. Jun 19 12. Jun 19 6,950 €9.72 €67,544
12. Jun 19 Buy William Maxwell Individual 11. Jun 19 11. Jun 19 11,800 €9.06 €106,884
11. Jun 19 Buy William Maxwell Individual 07. Jun 19 10. Jun 19 2,200 €9.13 €19,984
07. Jun 19 Buy William Maxwell Individual 06. Jun 19 06. Jun 19 14,130 €9.00 €127,123
06. Jun 19 Buy William Maxwell Individual 05. Jun 19 05. Jun 19 10,835 €8.99 €97,374
05. Jun 19 Buy William Maxwell Individual 03. Jun 19 04. Jun 19 7,348 €8.84 €64,924
04. Jun 19 Buy William Maxwell Individual 31. May 19 31. May 19 3,600 €8.88 €31,973
03. Jun 19 Buy William Maxwell Individual 30. May 19 30. May 19 15,701 €8.97 €140,870
31. May 19 Buy William Maxwell Individual 29. May 19 29. May 19 17,750 €9.17 €162,851
30. May 19 Buy William Maxwell Individual 28. May 19 28. May 19 10,700 €9.40 €100,627
29. May 19 Buy William Maxwell Individual 24. May 19 24. May 19 1,700 €9.43 €16,032
28. May 19 Buy William Maxwell Individual 23. May 19 23. May 19 5,698 €9.48 €54,036
24. May 19 Buy William Maxwell Individual 22. May 19 22. May 19 30,010 €9.46 €283,900
23. May 19 Buy William Maxwell Individual 21. May 19 21. May 19 9,512 €9.48 €90,141
22. May 19 Buy William Maxwell Individual 17. May 19 17. May 19 7,476 €9.12 €68,191
20. May 19 Buy William Maxwell Individual 16. May 19 16. May 19 9,602 €8.85 €84,974
17. May 19 Buy William Maxwell Individual 15. May 19 15. May 19 22,366 €8.77 €196,245
X
Management checks
We assess Spark Energy'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. Spark Energy 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.

SLE News

Simply Wall St News

SLE Company Info

Description

Spark Energy, Inc., through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. The company engages in the retail distribution of electricity and natural gas to residential and commercial customers. As of December 31, 2018, it operated in 94 utility service territories across 19 states and the District of Columbia, and had approximately 908,000 residential customer equivalents. The company was founded in 1999 and is headquartered in Houston, Texas.

Details
Name: Spark Energy, Inc.
SLE
Exchange: DB
Founded: 1999
$176,082,809
$80,237,014
35,179,553
Website: http://www.sparkenergy.com
Address: Spark Energy, Inc.
12140 Wickchester Lane,
Suite 100,
Houston,
Texas, 77079,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS SPKE Class A Common Stock Nasdaq Global Select US USD 29. Jul 2014
DB SLE Class A Common Stock Deutsche Boerse AG DE EUR 29. Jul 2014
NasdaqGS SPKE.P 8.75% PFD SER A Nasdaq Global Select US USD 10. Mar 2017
Number of employees
Current staff
Staff numbers
164
Spark Energy employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 00:25
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/05
Last earnings filing: 2020/03/05
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.