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SPAR Group Inc (SGRP)



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Upturn Advisory Summary
07/09/2025: SGRP (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $7
1 Year Target Price $7
1 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -3.41% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 22.28M USD | Price to earnings Ratio - | 1Y Target Price 7 |
Price to earnings Ratio - | 1Y Target Price 7 | ||
Volume (30-day avg) 1 | Beta 0.38 | 52 Weeks Range 0.91 - 2.48 | Updated Date 07/9/2025 |
52 Weeks Range 0.91 - 2.48 | Updated Date 07/9/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.13 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -1.6% | Operating Margin (TTM) 0.35% |
Management Effectiveness
Return on Assets (TTM) 4.09% | Return on Equity (TTM) -8.33% |
Valuation
Trailing PE - | Forward PE 20.08 | Enterprise Value 22534291 | Price to Sales(TTM) 0.11 |
Enterprise Value 22534291 | Price to Sales(TTM) 0.11 | ||
Enterprise Value to Revenue 0.11 | Enterprise Value to EBITDA 7.73 | Shares Outstanding 23449700 | Shares Floating 9542101 |
Shares Outstanding 23449700 | Shares Floating 9542101 | ||
Percent Insiders 51.79 | Percent Institutions 11.02 |
Upturn AI SWOT
SPAR Group Inc

Company Overview
History and Background
SPAR Group Inc. was founded in 1967 and is a global provider of outsourced merchandising and marketing services. Initially focused on in-store retail support, it has expanded its offerings to include digital solutions and consulting services. It has grown through both organic expansion and acquisitions to serve a wide range of clients.
Core Business Areas
- Field Marketing: Providing in-store services like merchandising, product demonstrations, mystery shopping, and audits to improve product placement and sales.
- Retail Audits: Conducting in-store surveys, data gathering, and reporting for retailers and manufacturers to assess compliance and performance.
- Data Intelligence: Offers data analysis and reporting to help clients understand consumer behavior and optimize their retail strategies.
Leadership and Structure
SPAR Group Inc. is led by its Chief Executive Officer, Mike Matacunas, and a board of directors. The organizational structure includes divisions for each of its core business areas, with regional management teams overseeing operations in various geographic markets.
Top Products and Market Share
Key Offerings
- Merchandising Services: SPAR Group provides in-store merchandising services to retailers and manufacturers, optimizing product placement and presentation. The company does not publicly report individual revenue per service. Competitors include Acosta, Advantage Solutions, and CROSSMARK.
- Retail Audits: SPAR Group conducts audits to ensure compliance with planograms and promotional programs. The company does not publicly report individual revenue per service. Competitors include NielsenIQ, IRI, and Field Agent.
- Data & Analytics: SPAR Group provides data insights to help clients improve store-level execution. The company does not publicly report individual revenue per service. Competitors include NielsenIQ, IRI, and Quotient Technology.
Market Dynamics
Industry Overview
The retail merchandising and marketing services industry is competitive and fragmented. It relies on strong relationships with manufacturers and retailers. Key trends include increasing use of technology and data analytics, and the need for agile and flexible service providers.
Positioning
SPAR Group Inc. is positioned as a leading outsourced provider of merchandising and marketing services. Its competitive advantages include its global reach, technology capabilities, and data-driven insights. They focus on maximizing retail execution.
Total Addressable Market (TAM)
The global retail execution software market is expected to reach $13.97 billion by 2030. SPAR Group Inc. focuses on maximizing retail execution. With its core services and solutions, SPAR is positioned to capture the market.
Upturn SWOT Analysis
Strengths
- Global reach and scale
- Experienced management team
- Strong client relationships
- Data analytics capabilities
- Diversified service offerings
Weaknesses
- Reliance on a few large clients
- Thin profit margins
- High employee turnover
- Limited brand recognition
Opportunities
- Expansion into new geographic markets
- Increased demand for outsourced merchandising services
- Adoption of new technologies
- Growth of e-commerce
- Partnerships with retailers and manufacturers
Threats
- Economic downturn
- Increased competition
- Changing consumer preferences
- Disruptive technologies
- Labor shortages
Competitors and Market Share
Key Competitors
- ACN
- ADS
- CROSSMARK
Competitive Landscape
SPAR Group Inc. competes with larger, more diversified companies like Accenture and Advantage Solutions. It focuses on retail execution, which helps to differentiate itself from competitors. Differentiation strategy can be improved on.
Major Acquisitions
Offer More Solutions
- Year: 2019
- Acquisition Price (USD millions): 1.2
- Strategic Rationale: This acquisition was done to broaden the companyu2019s client base and strengthen its presence in the U.S. retail services market.
Growth Trajectory and Initiatives
Historical Growth: SPAR Group Inc.'s historical growth has been driven by acquisitions and organic expansion. Refer to their financial reports for specific details.
Future Projections: Future growth projections are dependent on market conditions and are generally available through analyst reports.
Recent Initiatives: Recent initiatives are typically outlined in company press releases and investor presentations.
Summary
SPAR Group is a global player in retail merchandising, but its financial performance and market share are relatively modest compared to larger competitors. Its strengths lie in its global reach and data-driven approach, while weaknesses include thin margins and reliance on key clients. Opportunities include expanding into new markets, and threats involve economic downturns and increased competition. A greater focus on client diversification and service evolution is needed.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SPAR Group Inc. Investor Relations
- Yahoo Finance
- Company SEC Filings
- Industry Analyst Reports
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Market data is dynamic and may change frequently. Accuracy is not guaranteed. Consult a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SPAR Group Inc
Exchange NASDAQ | Headquaters Auburn Hills, MI, United States | ||
IPO Launch date 1996-02-29 | President, CEO & Director Mr. Michael R. Matacunas | ||
Sector Industrials | Industry Specialty Business Services | Full time employees 249 | Website https://www.sparinc.com |
Full time employees 249 | Website https://www.sparinc.com |
SPAR Group, Inc., together with its subsidiaries, provides merchandising and brand marketing services in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. It offers merchandising and marketing services, such as resets and cut-ins; price and inventory audits; stock replenishment and rotation services; out of stock management; promotional event setup; and display management, as well as category management and set up services comprising category and product resets, planogram maintenance, display and shelf services, display setup, and point of purchase installation and management. The company also provides remodel and retail transformation consisting of store remodels, store department resets, fixture and banner installations, pop-up store services, and store closings; and assembly and installation services, including assembly of merchandise in stores, in-store services, office setup/down-sizing services, national in-home furniture assembly services, and assembly and installation of fitness equipment services. In addition, it offers business analytics and insights services, such as product dashboards, stock out reporting, visit reporting, real-time service insights, share of shelf analytics, and photo analysis; and fulfillment and distribution services comprising distribution center staffing, point of purchase fulfillment services, kiosk prep, returns processing, picking and packing services, and inventory services. The company serves mass merchandisers, HBAs, and pharmacies, as well as grocery, discount, dollar, convenience, cash and carry, home improvement, consumer electronics, automotive aftermarket, office supply, personal technology, beverage, household products, consumables, financial products, and independent stores. SPAR Group, Inc. was founded in 1967 and is headquartered in Auburn Hills, Michigan.

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