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SPAR Group Inc (SGRP)



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Upturn Advisory Summary
09/17/2025: SGRP (1-star) has a low Upturn Star Rating. Not recommended to BUY.
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 -4.26% | Avg. Invested days 31 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 26.77M USD | Price to earnings Ratio - | 1Y Target Price 7 |
Price to earnings Ratio - | 1Y Target Price 7 | ||
Volume (30-day avg) 1 | Beta 0.35 | 52 Weeks Range 0.91 - 2.48 | Updated Date 09/17/2025 |
52 Weeks Range 0.91 - 2.48 | Updated Date 09/17/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.26 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -3.78% | Operating Margin (TTM) 2.22% |
Management Effectiveness
Return on Assets (TTM) 2.48% | Return on Equity (TTM) -21.45% |
Valuation
Trailing PE - | Forward PE 20.08 | Enterprise Value 39797227 | Price to Sales(TTM) 0.19 |
Enterprise Value 39797227 | Price to Sales(TTM) 0.19 | ||
Enterprise Value to Revenue 0.23 | Enterprise Value to EBITDA 2.51 | Shares Outstanding 23904800 | Shares Floating 9709919 |
Shares Outstanding 23904800 | Shares Floating 9709919 | ||
Percent Insiders 51.81 | Percent Institutions 8.96 |
Upturn AI SWOT
SPAR Group Inc

Company Overview
History and Background
SPAR Group, Inc. was founded in 1967. Initially focused on in-store merchandising services, it has evolved to provide a broad range of retail solutions to manufacturers, distributors and retailers. It has grown organically and through acquisitions.
Core Business Areas
- Field Services: Provides in-store services such as merchandising, auditing, and retail support across various retail channels.
- Analytics & Consulting: Offers data-driven insights and consulting services to optimize retail execution strategies.
Leadership and Structure
The leadership team consists of the CEO, CFO, and other key executives. The organizational structure includes various departments focused on sales, operations, finance, and technology.
Top Products and Market Share
Key Offerings
- Merchandising Services: In-store merchandising services that include shelf stocking, product placement, display setups, and promotional execution. Competitors include Acosta, Advantage Solutions. Market share data is not readily available publicly, revenue attributable to this function is 80% of total revenue.
- Auditing Services: In-store auditing services that include pricing checks, inventory verification, and planogram compliance audits. Market share data is not readily available publicly, revenue attributable to this function is 20% of total revenue. Competitors include Nielsen, IRI.
Market Dynamics
Industry Overview
The retail merchandising and marketing services industry is competitive and fragmented. The industry is impacted by changes in consumer behavior, retail technology, and economic conditions.
Positioning
SPAR Group positions itself as a provider of comprehensive retail solutions. Its competitive advantage lies in its extensive field force and data-driven approach.
Total Addressable Market (TAM)
The global retail merchandising services market is estimated to be in the billions of dollars. SPAR Group's TAM is related to the portion of merchandising and marketing services it provides in North America and certain International markets. SPAR Group is positioned as a niche player in this large TAM.
Upturn SWOT Analysis
Strengths
- Extensive field force network
- Data-driven insights and analytics capabilities
- Long-standing relationships with clients
- Diversified service offerings
Weaknesses
- Relatively small market share compared to larger competitors
- Dependence on a limited number of major clients
- Thin profitability margins
- High employee turnover within the field teams
Opportunities
- Expansion into new geographic markets
- Adoption of advanced technologies
- Growth in e-commerce and omnichannel retailing
- Increased demand for data-driven insights
Threats
- Intense competition from larger and more established players
- Economic downturns affecting retail spending
- Changes in retail industry trends
- Risk of losing major clients
Competitors and Market Share
Key Competitors
- Acosta (Private)
- Advantage Solutions (ADV)
- IRI (Private)
- Nielsen (NLSN)
Competitive Landscape
SPAR Group faces intense competition. It must differentiate itself through superior service quality and competitive pricing.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been moderate, influenced by economic cycles and retail trends.
Future Projections: Future growth prospects depend on successful expansion into new markets and service offerings. Analyst estimates not readily available.
Recent Initiatives: Focus on technology adoption, data analytics, and customer acquisition.
Summary
SPAR Group is a smaller player in the retail merchandising services industry. The company must focus on streamlining operations and effectively leveraging data analytics to enhance its competitiveness and profitability. It is operating in an industry with large, established, highly capitalized competitors which it must overcome to be successful. Future growth will need to focus on new areas, services and markets.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- Company SEC Filings
- Market Research Reports
- Financial News Outlets
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is estimated and may not be precise.
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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