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Sparta Capital
(SAY)
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Rating:55Neutral
Price Target:
C$0.02
▼(-25.00% Downside)
Action:Reiterated
Date:08/17/26
The score is primarily driven by improved financial performance and cash generation in the latest year, but is held back significantly by negative equity and a historically volatile earnings/cash-flow profile. Technical indicators show little positive momentum, while valuation is modestly supportive due to the low P/E.
Positive Factors
Revenue and earnings turnaround
The return to profitability alongside higher revenue indicates improved operating execution and customer demand. If maintained, this turnaround can provide a stronger earnings base and support continued business development over the next several quarters.
Negative Factors
Negative shareholders’ equity
A persistent equity deficit indicates elevated financial risk and leaves less protection if operating results weaken. It can constrain financing choices, increase dependence on creditors, and make the recent earnings recovery more vulnerable to setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and earnings turnaround
The return to profitability alongside higher revenue indicates improved operating execution and customer demand. If maintained, this turnaround can provide a stronger earnings base and support continued business development over the next several quarters.
Read all positive factors
Sparta Capital (SAY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$3.74M
Dividend YieldN/A
Average Volume (3M)0.00
Price to Earnings (P/E)21.4
Beta (1Y)-0.37
Revenue Growth-0.31%
EPS Growth-15.15%
CountryCA
EmployeesN/A
SectorIndustrials
Sector Strength72
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)<0.01
Shares Outstanding249,255,430
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)-205.88
Price to Sales (P/S)0.40
P/FCF Ratio2.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sparta Capital Business Overview & Revenue Model
Company Description
Sparta Capital Ltd., founded in 1988 and headquartered in Toronto, Canada, delivers specialized solutions for energy capture, conversion, and optimization, primarily serving the commercial sector. The company assists manufacturers in boosting effi...
How the Company Makes Money
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Sparta Capital Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
28
Negative
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.42M | 12.53M | 7.83M | 9.43M | 5.97M | 5.19M |
| Gross Profit | 8.53M | 9.74M | 2.02M | 5.34M | 3.30M | 3.86M |
| EBITDA | 2.19M | 2.36M | 182.25K | 638.79K | -919.07K | -21.52K |
| Net Income | 194.75K | 430.75K | -889.80K | -412.89K | -970.12K | -609.44K |
Balance Sheet | ||||||
| Total Assets | 5.08M | 5.39M | 2.21M | 1.84M | 2.03M | 3.06M |
| Cash, Cash Equivalents and Short-Term Investments | 2.06M | 2.52M | 828.18K | 930.83K | 541.09K | 844.78K |
| Total Debt | 2.21M | 2.54M | 2.76M | 2.34M | 3.09M | 2.82M |
| Total Liabilities | 3.68M | 4.79M | 3.90M | 3.11M | 3.78M | 3.48M |
| Stockholders Equity | -128.01K | -24.21K | -1.31M | -824.03K | -973.07K | -182.03K |
Cash Flow | ||||||
| Free Cash Flow | 1.46M | 2.40M | 734.50K | 487.48K | -515.22K | 195.59K |
| Operating Cash Flow | 1.47M | 2.40M | 734.50K | 487.48K | -515.22K | 210.37K |
| Investing Cash Flow | 64.32K | 164.86K | 0.00 | 0.00 | 11.00K | -14.78K |
| Financing Cash Flow | -1.01M | -873.62K | -837.15K | -97.73K | 200.53K | 36.69K |
Sparta Capital Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.01
Positive
0.02
Negative
Market Momentum
>-0.01
Neutral
100.00
Negative
0.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SAY, the sentiment is Negative. The current price of 0.02 is above the 20-day moving average (MA) of 0.02, above the 50-day MA of 0.02, and above the 200-day MA of 0.02, indicating a bearish trend. The MACD of >-0.01 indicates Neutral momentum. The RSI at 100.00 is Negative, neither overbought nor oversold. The STOCH value of 0.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SAY.
Sparta Capital Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | C$28.21M | 18.39 | 29.96% | ― | 9.19% | 711.11% | |
55 Neutral | C$3.74M | 21.43 | -80.04% | ― | -0.31% | -15.15% | |
46 Neutral | C$7.78M | -2.23 | -16.34% | ― | -74.07% | -251.51% | |
44 Neutral | C$2.47M | -3.57 | 92.49% | ― | 159.71% | 97.18% | |
44 Neutral | C$31.64M | -6.99 | -18.95% | ― | 5.01% | -3122.22% | |
40 Underperform | C$18.17M | -5.53 | 109.61% | ― | -21.35% | 12.15% |
* Industrials Sector Average
TSE:SAY
Sparta Capital
0.02
0.00
0.00%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.