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Spar Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Spar Group and similar public comparables like Cosco Capital, Quest Holdings, Thermador Groupe, ScanSource and more.
Spar Group Overview
About Spar Group
Spar Group Ltd operates as a wholesaler and distributor of goods and services to SPAR grocery stores and multiple other branded group retail outlets across multiple regions. It supplies fresh produce and merchandise to a network of independent retailers who operate under its brands like TOPS at SPAR, Build it, SPAR Health, and Encore. The company's revenue mainly comprise the revenue from the sale of merchandise, marketing and promotional activities as well as franchise fees. Geographically, it has a presence in Southern Africa, Ireland and South West England, Switzerland, Poland and Sri Lanka, with the majority of revenue generated from South Africa.
Founded
1967
HQ
Employees
6.8K
Website
Financials (LTM)
EV
$2B
Spar Group Financials
Spar Group reported last 12-month revenue of $8B and EBITDA of $222M.
In the same LTM period, Spar Group generated $830M in gross profit, $222M in EBITDA, and $70M in net income.
Revenue (LTM)
Spar Group P&L
In the most recent fiscal year, Spar Group reported revenue of $8B and EBITDA of $248M.
Spar Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $8B | XXX | $8B | XXX | XXX | XXX |
| Gross Profit | $830M | XXX | $837M | XXX | XXX | XXX |
| Gross Margin | 11% | XXX | 11% | XXX | XXX | XXX |
| EBITDA | $222M | XXX | $248M | XXX | XXX | XXX |
| EBITDA Margin | 3% | XXX | 3% | XXX | XXX | XXX |
| EBIT Margin | 2% | XXX | 2% | XXX | XXX | XXX |
| Net Profit | $70M | XXX | $48M | XXX | XXX | XXX |
| Net Margin | 1% | XXX | 1% | XXX | XXX | XXX |
| Net Debt | — | — | $297M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Spar Group Stock Performance
Spar Group has current market cap of $805M, and enterprise value of $2B.
Market Cap Evolution
Spar Group's stock price is $4.18.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $805M | 0.0% | XXX | XXX | XXX | $0.25 |
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Start Free TrialSpar Group Valuation Multiples
Spar Group trades at 0.2x EV/Revenue multiple, and 7.2x EV/EBITDA.
EV / Revenue (LTM)
Spar Group Financial Valuation Multiples
As of March 17, 2026, Spar Group has market cap of $805M and EV of $2B.
Equity research analysts estimate Spar Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Spar Group has a P/E ratio of 11.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $805M | XXX | $805M | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 0.2x | XXX | 0.2x | XXX | XXX | XXX |
| EV/EBITDA | 7.2x | XXX | 6.5x | XXX | XXX | XXX |
| EV/EBIT | 11.4x | XXX | 10.9x | XXX | XXX | XXX |
| EV/Gross Profit | 1.9x | XXX | 1.9x | XXX | XXX | XXX |
| P/E | 11.4x | XXX | 16.7x | XXX | XXX | XXX |
| EV/FCF | 44.6x | XXX | 8.0x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Spar Group Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Spar Group Margins & Growth Rates
Spar Group's revenue in the last 12 month grew by 3%.
Spar Group's revenue per employee in the last FY averaged $1.2M.
Spar Group's rule of 40 is 6% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Spar Group's rule of X is 11% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Spar Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 3% | XXX | 3% | XXX | XXX | XXX |
| EBITDA Growth | 15% | XXX | (1%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 6% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 11% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 9% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Spar Group Public Comps
See public comps and valuation multiples for other Supermarkets and Wholesale Distribution comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Cosco Capital | XXX | XXX | XXX | XXX | XXX | XXX |
| Quest Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Thermador Groupe | XXX | XXX | XXX | XXX | XXX | XXX |
| ScanSource | XXX | XXX | XXX | XXX | XXX | XXX |
| Almunajem Foods | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Spar Group M&A Activity
Spar Group acquired XXX companies to date.
Last acquisition by Spar Group was on XXXXXXXX, XXXXX. Spar Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Spar Group
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSpar Group Investment Activity
Spar Group invested in XXX companies to date.
Spar Group made its latest investment on XXXXXXXX, XXXXX. Spar Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Spar Group
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Spar Group
| When was Spar Group founded? | Spar Group was founded in 1967. |
| Where is Spar Group headquartered? | Spar Group is headquartered in South Africa. |
| How many employees does Spar Group have? | As of today, Spar Group has over 6K employees. |
| Who is the CEO of Spar Group? | Spar Group's CEO is Angelo Swartz. |
| Is Spar Group publicly listed? | Yes, Spar Group is a public company listed on Johannesburg Stock Exchange. |
| What is the stock symbol of Spar Group? | Spar Group trades under SPP ticker. |
| When did Spar Group go public? | Spar Group went public in 2004. |
| Who are competitors of Spar Group? | Spar Group main competitors are Cosco Capital, Quest Holdings, Thermador Groupe, ScanSource. |
| What is the current market cap of Spar Group? | Spar Group's current market cap is $805M. |
| What is the current revenue of Spar Group? | Spar Group's last 12 months revenue is $8B. |
| What is the current revenue growth of Spar Group? | Spar Group revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Spar Group? | Current revenue multiple of Spar Group is 0.2x. |
| Is Spar Group profitable? | Yes, Spar Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Spar Group? | Spar Group's last 12 months EBITDA is $222M. |
| What is Spar Group's EBITDA margin? | Spar Group's last 12 months EBITDA margin is 3%. |
| What is the current EV/EBITDA multiple of Spar Group? | Current EBITDA multiple of Spar Group is 7.2x. |
| What is the current FCF of Spar Group? | Spar Group's last 12 months FCF is $36M. |
| What is Spar Group's FCF margin? | Spar Group's last 12 months FCF margin is 1%. |
| What is the current EV/FCF multiple of Spar Group? | Current FCF multiple of Spar Group is 44.6x. |
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