SPAR Net Income Per E B T vs Net Income Analysis

SGRP Stock

USD 1.77 0.40 18.43%

SPAR financial indicator trend analysis is much more than just breaking down SPAR Group prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether SPAR Group is a good investment. Please check the relationship between SPAR Net Income Per E B T and its Net Income accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SPAR Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Net Income Per E B T vs Net Income

Net Income Per E B T vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of SPAR Group Net Income Per E B T account and Net Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between SPAR's Net Income Per E B T and Net Income is 0.76. Overlapping area represents the amount of variation of Net Income Per E B T that can explain the historical movement of Net Income in the same time period over historical financial statements of SPAR Group, assuming nothing else is changed. The correlation between historical values of SPAR's Net Income Per E B T and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income Per E B T of SPAR Group are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Net Income Per E B T i.e., SPAR's Net Income Per E B T and Net Income go up and down completely randomly.

Correlation Coefficient

0.76

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Income Per E B T

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in SPAR Group financial statement analysis. It represents the amount of money remaining after all of SPAR Group operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from SPAR's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into SPAR Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SPAR Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

As of 12/11/2024, Selling General Administrative is likely to drop to about 26.6 M. In addition to that, Tax Provision is likely to drop to about 2.1 M

	2021	2022	2023	2024 (projected)
Total Revenue	255.7M	261.3M	262.7M	138.6M
Depreciation And Amortization	3.2M	2.7M	901K	856.0K

Total Revenue Depreciation And Amortization

SPAR fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Other Liab	Other Assets	Long Term Debt
Total Assets		0.73	0.91	0.98	0.85	0.8	0.27	0.74	0.94	0.91	0.87	0.84	0.91	0.99	0.48	-0.02	0.66	0.8	0.99	0.88	0.68	-0.4	0.75	-0.44	0.71	-0.4
Short Long Term Debt Total	0.73		0.62	0.73	0.64	0.61	0.77	0.82	0.68	0.63	0.58	0.65	0.63	0.73	0.33	0.01	0.88	0.51	0.75	0.94	0.97	-0.31	0.83	-0.3	0.45	-0.24
Other Current Liab	0.91	0.62		0.91	0.64	0.72	0.14	0.6	0.87	0.85	0.78	0.81	0.85	0.9	0.33	-0.01	0.51	0.63	0.92	0.81	0.57	-0.3	0.57	-0.35	0.62	-0.36
Total Current Liabilities	0.98	0.73	0.91		0.75	0.78	0.3	0.65	0.97	0.86	0.79	0.86	0.86	0.99	0.42	-0.17	0.66	0.75	0.99	0.88	0.72	-0.37	0.71	-0.39	0.58	-0.47
Total Stockholder Equity	0.85	0.64	0.64	0.75		0.6	0.25	0.79	0.74	0.78	0.81	0.73	0.78	0.8	0.68	0.05	0.54	0.88	0.77	0.73	0.55	-0.57	0.84	-0.59	0.82	-0.39
Property Plant And Equipment Net	0.8	0.61	0.72	0.78	0.6		0.18	0.59	0.82	0.79	0.74	0.58	0.79	0.78	0.23	0.14	0.46	0.48	0.81	0.71	0.54	-0.17	0.48	-0.2	0.45	-0.23
Net Debt	0.27	0.77	0.14	0.3	0.25	0.18		0.4	0.29	0.01	0.05	0.23	0.01	0.34	0.09	0.02	0.65	0.22	0.32	0.54	0.77	-0.06	0.61	-0.03	-0.04	0.01
Retained Earnings	0.74	0.82	0.6	0.65	0.79	0.59	0.4		0.6	0.78	0.8	0.68	0.78	0.66	0.34	0.21	0.71	0.5	0.69	0.85	0.73	-0.3	0.71	-0.33	0.79	-0.13
Accounts Payable	0.94	0.68	0.87	0.97	0.74	0.82	0.29	0.6		0.8	0.77	0.82	0.8	0.96	0.42	-0.13	0.56	0.74	0.96	0.83	0.66	-0.36	0.68	-0.4	0.48	-0.46
Cash	0.91	0.63	0.85	0.86	0.78	0.79	0.01	0.78	0.8		0.88	0.79	1.0	0.84	0.43	-0.01	0.58	0.64	0.87	0.82	0.57	-0.4	0.6	-0.42	0.79	-0.4
Non Current Assets Total	0.87	0.58	0.78	0.79	0.81	0.74	0.05	0.8	0.77	0.88		0.65	0.88	0.79	0.53	0.2	0.42	0.68	0.83	0.74	0.46	-0.46	0.6	-0.53	0.81	-0.31
Non Currrent Assets Other	0.84	0.65	0.81	0.86	0.73	0.58	0.23	0.68	0.82	0.79	0.65		0.79	0.84	0.27	-0.23	0.59	0.63	0.85	0.79	0.67	-0.24	0.62	-0.25	0.66	-0.37
Cash And Short Term Investments	0.91	0.63	0.85	0.86	0.78	0.79	0.01	0.78	0.8	1.0	0.88	0.79		0.84	0.43	-0.01	0.58	0.64	0.87	0.82	0.57	-0.4	0.6	-0.42	0.79	-0.4
Net Receivables	0.99	0.73	0.9	0.99	0.8	0.78	0.34	0.66	0.96	0.84	0.79	0.84	0.84		0.45	-0.07	0.66	0.8	0.99	0.87	0.69	-0.37	0.76	-0.4	0.61	-0.41
Common Stock Shares Outstanding	0.48	0.33	0.33	0.42	0.68	0.23	0.09	0.34	0.42	0.43	0.53	0.27	0.43	0.45		-0.22	0.23	0.85	0.4	0.41	0.27	-0.97	0.73	-0.98	0.38	-0.75
Non Current Liabilities Total	-0.02	0.01	-0.01	-0.17	0.05	0.14	0.02	0.21	-0.13	-0.01	0.2	-0.23	-0.01	-0.07	-0.22		-0.09	-0.17	-0.05	-0.05	-0.22	0.3	-0.12	0.24	0.28	0.76
Other Current Assets	0.66	0.88	0.51	0.66	0.54	0.46	0.65	0.71	0.56	0.58	0.42	0.59	0.58	0.66	0.23	-0.09		0.43	0.66	0.86	0.89	-0.22	0.75	-0.19	0.38	-0.22
Other Stockholder Equity	0.8	0.51	0.63	0.75	0.88	0.48	0.22	0.5	0.74	0.64	0.68	0.63	0.64	0.8	0.85	-0.17	0.43		0.74	0.63	0.46	-0.75	0.85	-0.77	0.59	-0.62
Total Liab	0.99	0.75	0.92	0.99	0.77	0.81	0.32	0.69	0.96	0.87	0.83	0.85	0.87	0.99	0.4	-0.05	0.66	0.74		0.89	0.71	-0.34	0.71	-0.37	0.62	-0.39
Total Current Assets	0.88	0.94	0.81	0.88	0.73	0.71	0.54	0.85	0.83	0.82	0.74	0.79	0.82	0.87	0.41	-0.05	0.86	0.63	0.89		0.9	-0.41	0.83	-0.41	0.57	-0.38
Short Term Debt	0.68	0.97	0.57	0.72	0.55	0.54	0.77	0.73	0.66	0.57	0.46	0.67	0.57	0.69	0.27	-0.22	0.89	0.46	0.71	0.9		-0.27	0.78	-0.24	0.33	-0.35
Intangible Assets	-0.4	-0.31	-0.3	-0.37	-0.57	-0.17	-0.06	-0.3	-0.36	-0.4	-0.46	-0.24	-0.4	-0.37	-0.97	0.3	-0.22	-0.75	-0.34	-0.41	-0.27		-0.68	0.99	-0.29	0.8
Common Stock	0.75	0.83	0.57	0.71	0.84	0.48	0.61	0.71	0.68	0.6	0.6	0.62	0.6	0.76	0.73	-0.12	0.75	0.85	0.71	0.83	0.78	-0.68		-0.66	0.51	-0.52
Other Liab	-0.44	-0.3	-0.35	-0.39	-0.59	-0.2	-0.03	-0.33	-0.4	-0.42	-0.53	-0.25	-0.42	-0.4	-0.98	0.24	-0.19	-0.77	-0.37	-0.41	-0.24	0.99	-0.66		-0.34	0.77
Other Assets	0.71	0.45	0.62	0.58	0.82	0.45	-0.04	0.79	0.48	0.79	0.81	0.66	0.79	0.61	0.38	0.28	0.38	0.59	0.62	0.57	0.33	-0.29	0.51	-0.34		-0.07
Long Term Debt	-0.4	-0.24	-0.36	-0.47	-0.39	-0.23	0.01	-0.13	-0.46	-0.4	-0.31	-0.37	-0.4	-0.41	-0.75	0.76	-0.22	-0.62	-0.39	-0.38	-0.35	0.8	-0.52	0.77	-0.07

Click cells to compare fundamentals

SPAR Account Relationship Matchups

SPAR fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	81.3M	84.0M	89.0M	94.6M	90.3M	48.1M
Short Long Term Debt Total	15.2M	13.2M	13.5M	20.3M	23.4M	24.5M
Other Current Liab	23.1M	29.6M	22.9M	32.1M	15.6M	13.4M
Total Current Liabilities	46.5M	42.9M	50.2M	54.6M	48.6M	25.2M
Total Stockholder Equity	19.0M	22.2M	19.8M	22.4M	28.2M	15.7M
Property Plant And Equipment Net	7.8M	5.7M	4.7M	4.2M	5.2M	2.9M
Net Debt	4.7M	(2.7M)	50K	11.0M	12.6M	13.3M
Retained Earnings	5.8M	9.2M	7.4M	6.7M	10.6M	11.1M
Accounts Payable	11.0M	7.9M	8.9M	10.6M	9.5M	4.9M
Cash	10.5M	16.0M	13.5M	9.3M	10.7M	6.8M
Non Current Assets Total	17.4M	17.5M	17.0M	13.7M	14.2M	11.1M
Non Currrent Assets Other	1.1M	1.6M	1.4M	1.9M	1.7M	968.9K
Cash And Short Term Investments	10.5M	16.0M	13.5M	9.3M	10.7M	6.8M
Net Receivables	51.1M	46.9M	54.2M	63.7M	56.6M	28.5M
Common Stock Shares Outstanding	21.2M	21.2M	21.3M	22.1M	24.5M	20.0M
Liabilities And Stockholders Equity	81.3M	84.0M	89.0M	94.6M	90.3M	48.1M
Non Current Liabilities Total	3.4M	2.5M	1.5M	2.0M	1.5M	2.2M
Other Current Assets	2.4M	3.6M	8.8M	7.9M	8.7M	9.2M
Other Stockholder Equity	16.5M	16.6M	17.1M	20.4M	20.7M	12.7M
Total Liab	50.0M	45.4M	51.7M	56.5M	50.0M	28.0M
Total Current Assets	64.0M	66.5M	72.0M	80.9M	76.1M	79.9M
Short Term Debt	11.8M	10.7M	12.1M	18.3M	21.9M	23.0M
Intangible Assets	2.8M	2.3M	2.3M	2.0M	1.2M	1.1M
Other Assets	3.0M	8.7M	5.8M	5.7M	6.6M	3.3M
Long Term Debt	1.3M	1M	700K	1.4M	1.2M	2.1M
Property Plant Equipment	2.8M	5.7M	4.7M	4.2M	4.9M	2.7M
Current Deferred Revenue	594K	1.8M	3.9M	2.4M	1.9M	1.4M
Good Will	3.8M	3.8M	4.2M	1.7M	1.4M	1.9M
Property Plant And Equipment Gross	7.8M	2.8M	4.7M	4.2M	4.9M	2.7M
Accumulated Other Comprehensive Income	(3.6M)	(3.9M)	(5.0M)	(4.9M)	(3.3M)	(3.2M)
Net Tangible Assets	12.4M	16.1M	13.3M	18.7M	21.5M	15.3M
Noncontrolling Interest In Consolidated Entity	5.9M	8.5M	12.4M	16.5M	18.9M	19.9M
Retained Earnings Total Equity	5.0M	3.4M	5.9M	9.2M	10.6M	11.1M
Capital Surpluse	16.3M	16.3M	16.5M	16.6M	19.1M	17.3M

Pair Trading with SPAR

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if SPAR position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in SPAR will appreciate offsetting losses from the drop in the long position's value.

Moving against SPAR Stock

0.8	OB	Outbrain	Pair Corr
0.73	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.72	AZZ	AZZ Incorporated	Pair Corr
0.7	Z	Zillow Group Class Sell-off Trend	Pair Corr
0.69	EA	Electronic Arts Sell-off Trend	Pair Corr

The ability to find closely correlated positions to SPAR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SPAR when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back SPAR - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling SPAR Group to buy it.

The correlation of SPAR is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SPAR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SPAR Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for SPAR can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for SPAR Stock Analysis

When running SPAR's price analysis, check to measure SPAR's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SPAR is operating at the current time. Most of SPAR's value examination focuses on studying past and present price action to predict the probability of SPAR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SPAR's price. Additionally, you may evaluate how the addition of SPAR to your portfolios can decrease your overall portfolio volatility.

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