Head-To-Head Comparison: Spartan Motors (SPAR) vs. The Competition

Spartan Motors (NASDAQ: SPAR) is one of 30 public companies in the “Motor vehicles & car bodies” industry, but how does it contrast to its rivals? We will compare Spartan Motors to related companies based on the strength of its profitability, dividends, valuation, risk, earnings, institutional ownership and analyst recommendations.

Valuation & Earnings

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This table compares Spartan Motors and its rivals revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Spartan Motors $707.10 million $15.93 million 41.16
Spartan Motors Competitors $62.83 billion $2.64 billion 17.00

Spartan Motors’ rivals have higher revenue and earnings than Spartan Motors. Spartan Motors is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.

Analyst Ratings

This is a summary of recent ratings and target prices for Spartan Motors and its rivals, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Spartan Motors 0 0 4 0 3.00
Spartan Motors Competitors 440 1276 1635 110 2.41

Spartan Motors presently has a consensus price target of $20.00, indicating a potential upside of 12.99%. As a group, “Motor vehicles & car bodies” companies have a potential upside of 7.43%. Given Spartan Motors’ stronger consensus rating and higher possible upside, equities analysts clearly believe Spartan Motors is more favorable than its rivals.

Dividends

Spartan Motors pays an annual dividend of $0.10 per share and has a dividend yield of 0.6%. Spartan Motors pays out 23.3% of its earnings in the form of a dividend. As a group, “Motor vehicles & car bodies” companies pay a dividend yield of 1.4% and pay out 20.2% of their earnings in the form of a dividend. Spartan Motors lags its rivals as a dividend stock, given its lower dividend yield and higher payout ratio.

Institutional & Insider Ownership

66.4% of Spartan Motors shares are owned by institutional investors. Comparatively, 65.8% of shares of all “Motor vehicles & car bodies” companies are owned by institutional investors. 3.7% of Spartan Motors shares are owned by insiders. Comparatively, 8.1% of shares of all “Motor vehicles & car bodies” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Risk & Volatility

Spartan Motors has a beta of 0.68, suggesting that its share price is 32% less volatile than the S&P 500. Comparatively, Spartan Motors’ rivals have a beta of 1.00, suggesting that their average share price is 0% more volatile than the S&P 500.

Profitability

This table compares Spartan Motors and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Spartan Motors 2.25% 9.32% 4.83%
Spartan Motors Competitors -14.14% -0.31% -3.84%

Summary

Spartan Motors beats its rivals on 8 of the 15 factors compared.

Spartan Motors Company Profile

Spartan Motors, Inc., through its subsidiaries, engineers, manufactures, and sells heavy-duty and purpose-built specialty vehicles in the United States, Canada, South America, and Asia. It operates through three segments: Fleet Vehicles and Services, Emergency Response Vehicles, and Specialty Chassis and Vehicles. The Fleet Vehicles and Services segment provides walk-in vans, cutaway vans, truck bodies, and parts and accessories for use in e-commerce/last mile/parcel delivery, beverage and grocery delivery, mobile retail, and trades and construction industries under the Aeromaster, Velocity, Ultimate, Trademaster, Metromaster, Utilivan, Spartan Upfit Services, and Reach brands. This segment also installs specialty interior and exterior up-fit equipment for walk-in vans, truck bodies, and passenger vans under Specialty Up-fit name; and distributes related aftermarket parts and accessories. The Emergency Response Vehicles segment provides emergency response cabs and chassis, pumpers, aerial ladder components for fire trucks, rescue equipment, tankers, and parts and accessories under the Spartan, Smeal, Ladder Tower, and UST brands, as well as offers body, aerial, pump, drivetrain, and chassis repair and maintenance services. The Specialty Chassis and Vehicles segment offers motor home chassis; and defense and specialty chassis and vehicles, as well as provides related aftermarket parts and accessories, and maintenance and repair services. This segment also offers assembly services for Isuzu N-gas and F-series chassis. The company sells its products through a network of independent truck dealers, original equipment manufacturers, dealer distributors, leasing companies, and municipalities and other governmental entities, as well as to commercial and individual end users. Spartan Motors, Inc. was founded in 1975 and is headquartered in Charlotte, Michigan.

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