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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry
vs
history
Cash to Debt 0.04
SPA's Cash to Debt is ranked lower than
76% of the 2491 Companies
in the Global Electronic Components industry.

( Industry Median: 3.96 vs. SPA: 0.04 )
SPA' s 10-Year Cash to Debt Range
Min: 0.02   Max: No Debt
Current: 0.04

Equity to Asset 0.56
SPA's Equity to Asset is ranked higher than
57% of the 2481 Companies
in the Global Electronic Components industry.

( Industry Median: 0.58 vs. SPA: 0.56 )
SPA' s 10-Year Equity to Asset Range
Min: 0.35   Max: 0.84
Current: 0.56

0.35
0.84
Interest Coverage 31.41
SPA's Interest Coverage is ranked higher than
53% of the 1525 Companies
in the Global Electronic Components industry.

( Industry Median: 74.64 vs. SPA: 31.41 )
SPA' s 10-Year Interest Coverage Range
Min: 3.56   Max: 9999.99
Current: 31.41

3.56
9999.99
F-Score: 6
Z-Score: 5.00
M-Score: -2.54
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 6.12
SPA's Operating margin (%) is ranked higher than
74% of the 2448 Companies
in the Global Electronic Components industry.

( Industry Median: 3.44 vs. SPA: 6.12 )
SPA' s 10-Year Operating margin (%) Range
Min: -8.43   Max: 6.67
Current: 6.12

-8.43
6.67
Net-margin (%) 5.13
SPA's Net-margin (%) is ranked higher than
74% of the 2449 Companies
in the Global Electronic Components industry.

( Industry Median: 2.74 vs. SPA: 5.13 )
SPA' s 10-Year Net-margin (%) Range
Min: -7.1   Max: 23.62
Current: 5.13

-7.1
23.62
ROE (%) 14.24
SPA's ROE (%) is ranked higher than
88% of the 2412 Companies
in the Global Electronic Components industry.

( Industry Median: 5.23 vs. SPA: 14.24 )
SPA' s 10-Year ROE (%) Range
Min: -28.7   Max: 39.55
Current: 14.24

-28.7
39.55
ROA (%) 8.21
SPA's ROA (%) is ranked higher than
87% of the 2450 Companies
in the Global Electronic Components industry.

( Industry Median: 2.74 vs. SPA: 8.21 )
SPA' s 10-Year ROA (%) Range
Min: -10.16   Max: 29.51
Current: 8.21

-10.16
29.51
ROC (Joel Greenblatt) (%) 22.00
SPA's ROC (Joel Greenblatt) (%) is ranked higher than
81% of the 2444 Companies
in the Global Electronic Components industry.

( Industry Median: 10.26 vs. SPA: 22.00 )
SPA' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -43.11   Max: 54.3
Current: 22

-43.11
54.3
Revenue Growth (%) 14.20
SPA's Revenue Growth (%) is ranked higher than
86% of the 1672 Companies
in the Global Electronic Components industry.

( Industry Median: 3.30 vs. SPA: 14.20 )
SPA' s 10-Year Revenue Growth (%) Range
Min: -5.4   Max: 15.3
Current: 14.2

-5.4
15.3
EBITDA Growth (%) 39.00
SPA's EBITDA Growth (%) is ranked higher than
93% of the 1284 Companies
in the Global Electronic Components industry.

( Industry Median: 5.20 vs. SPA: 39.00 )
SPA' s 10-Year EBITDA Growth (%) Range
Min: -47.9   Max: 39
Current: 39

-47.9
39
EPS Growth (%) 21.00
SPA's EPS Growth (%) is ranked higher than
81% of the 1131 Companies
in the Global Electronic Components industry.

( Industry Median: 6.00 vs. SPA: 21.00 )
SPA' s 10-Year EPS Growth (%) Range
Min: -77.8   Max: 55.5
Current: 21

-77.8
55.5
» SPA's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

SPA Guru Trades in Q1 2013

Jim Simons 260,887 sh (+19.02%)
Mario Gabelli 15,762 sh (+18.85%)
Chuck Royce 162,700 sh (-0.25%)
» More
Q2 2013

SPA Guru Trades in Q2 2013

Mario Gabelli 16,262 sh (+3.17%)
Jim Simons 268,435 sh (+2.89%)
Chuck Royce 162,700 sh (unchged)
» More
Q3 2013

SPA Guru Trades in Q3 2013

Jim Simons 367,035 sh (+36.73%)
Mario Gabelli 16,262 sh (unchged)
Chuck Royce 35,700 sh (-78.06%)
» More
Q4 2013

SPA Guru Trades in Q4 2013

Jim Simons 423,735 sh (+15.45%)
Mario Gabelli 16,462 sh (+1.23%)
Chuck Royce 35,700 sh (unchged)
» More
» Details

Insider Trades

Latest Guru Trades with SPA

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Mario Gabelli 2012-12-31 Add 22.8%$12.05 - $14.38 $ 27.66106%13262
Mario Gabelli 2012-09-30 New Buy$9.52 - $12.69 $ 27.66168%10800
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 20.00
SPA's P/E(ttm) is ranked higher than
58% of the 1774 Companies
in the Global Electronic Components industry.

( Industry Median: 19.40 vs. SPA: 20.00 )
SPA' s 10-Year P/E(ttm) Range
Min: 5   Max: 1695.2
Current: 20

5
1695.2
P/B 2.70
SPA's P/B is ranked lower than
64% of the 2373 Companies
in the Global Electronic Components industry.

( Industry Median: 1.48 vs. SPA: 2.70 )
SPA' s 10-Year P/B Range
Min: 0.21   Max: 3.31
Current: 2.7

0.21
3.31
P/S 0.90
SPA's P/S is ranked higher than
55% of the 2545 Companies
in the Global Electronic Components industry.

( Industry Median: 0.92 vs. SPA: 0.90 )
SPA' s 10-Year P/S Range
Min: 0.06   Max: 1.1
Current: 0.9

0.06
1.1
PFCF 13.70
SPA's PFCF is ranked higher than
64% of the 1308 Companies
in the Global Electronic Components industry.

( Industry Median: 16.38 vs. SPA: 13.70 )
SPA' s 10-Year PFCF Range
Min: 0.6   Max: 302.93
Current: 13.7

0.6
302.93
EV-to-EBIT 15.20
SPA's EV-to-EBIT is ranked higher than
60% of the 1938 Companies
in the Global Electronic Components industry.

( Industry Median: 15.81 vs. SPA: 15.20 )
SPA' s 10-Year EV-to-EBIT Range
Min: 2.9   Max: 46.3
Current: 15.2

2.9
46.3
Shiller P/E 96.00
SPA's Shiller P/E is ranked lower than
73% of the 795 Companies
in the Global Electronic Components industry.

( Industry Median: 25.90 vs. SPA: 96.00 )
SPA' s 10-Year Shiller P/E Range
Min: 21.91   Max: 395.65
Current: 96

21.91
395.65

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 4.70
SPA's Price/Tangible Book is ranked lower than
78% of the 2244 Companies
in the Global Electronic Components industry.

( Industry Median: 1.60 vs. SPA: 4.70 )
SPA' s 10-Year Price/Tangible Book Range
Min: 0.38   Max: 4.72
Current: 4.7

0.38
4.72
Price/DCF (Projected) 1.40
SPA's Price/DCF (Projected) is ranked higher than
58% of the 928 Companies
in the Global Electronic Components industry.

( Industry Median: 1.30 vs. SPA: 1.40 )
SPA' s 10-Year Price/DCF (Projected) Range
Min: 0.43   Max: 108.12
Current: 1.4

0.43
108.12
Price/Median PS Value 2.00
SPA's Price/Median PS Value is ranked lower than
79% of the 2322 Companies
in the Global Electronic Components industry.

( Industry Median: 1.10 vs. SPA: 2.00 )
SPA' s 10-Year Price/Median PS Value Range
Min: 0.16   Max: 2.42
Current: 2

0.16
2.42
Price/Graham Number 2.00
SPA's Price/Graham Number is ranked lower than
63% of the 1662 Companies
in the Global Electronic Components industry.

( Industry Median: 1.25 vs. SPA: 2.00 )
SPA' s 10-Year Price/Graham Number Range
Min: 0.25   Max: 6.23
Current: 2

0.25
6.23
Earnings Yield (Greenblatt) 6.60
SPA's Earnings Yield (Greenblatt) is ranked higher than
64% of the 2084 Companies
in the Global Electronic Components industry.

( Industry Median: 6.10 vs. SPA: 6.60 )
SPA' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.2   Max: 34.1
Current: 6.6

2.2
34.1
Forward Rate of Return (Yacktman) 3.50
SPA's Forward Rate of Return (Yacktman) is ranked higher than
70% of the 1330 Companies
in the Global Electronic Components industry.

( Industry Median: 3.24 vs. SPA: 3.50 )
SPA' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -3.3   Max: 8.4
Current: 3.5

-3.3
8.4

Business Description

Industry: Computer Hardware » Electronic Components
Compare:HTHIY, MIELY, APH, TEL, GLW » details
Sparton Corporation was reorganized in 1919 as an Ohio corporation. The Company has been in continuous existence since 1900. The Company is a provider of complex and sophisticated electromechanical devices with capabilities that include concept development, industrial design, design and manufacturing engineering, production, distribution, and field service. The Company serves the Medical, Military & Aerospace and Industrial & Instrumentation markets through three reportable business segments; Medical Device ("Medical"), Complex Systems ("CS") and Defense & Security Systems. Medical Device operations, with locations in Ohio and Colorado, are comprised of contract development, design, production and fulfillment of complex and sophisticated medical class I, class II and class III devices, as well as biotech devices and sub-assemblies for industry OEM's, ET's, and start-ups. In manufacturing devices for its customers, this business unit follows specific design and manufacturing processes to assure product reliability and safety in accordance with Food and Drug Administration ("FDA") guidelines and approvals. Sparton's Complex Systems Business Unit, with locations in Florida and Vietnam, provides complex electronics systems to multiple industries, offering end-to-end development and manufacturing solutions focused on high expectations of quality and delivery performance through an international footprint. The segment competes against numerous foreign and domestic companies in addition to the internal capabilities of some of the Company's customers. Some of its competitors have substantially greater financial, manufacturing or marketing resources than it does. Defense & Security Systems operations, located in Florida, are comprised of design, development and production of products for a number of technologically significant programs aimed at fulfilling defense and commercial needs. Specializing in the development and production of complex electromechanical equipment, DSS designs and manufactures sonobuoys, anti-submarine warfare ("ASW") devices for the U.S. Navy and foreign governments that meet Department of State licensing requirements. The Company's operations are regulated under a number of federal, state, provincial, local and foreign environmental laws and regulations, which govern, among other things, the discharge of hazardous materials into the air and water, as well as the handling, storage and disposal of such materials.

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