Sparta Capital Ltd. (TSE:SAY)
:SAY
Want to see TSE:SAY full AI Analyst Report?
Top Page
Sparta Capital
(SAY)
Select Model
Select Model
Rating:53Neutral
Price Target:
C$0.02
▼(-25.00% Downside)
Action:Reiterated
Date:05/11/26
The score is driven primarily by improving operating performance and stronger cash generation, but it is held back by the high-risk balance sheet (negative equity) and weak/unstable technical signals. Valuation inputs are also not supportive given the negative P/E and lack of dividend yield data.
Positive Factors
Profitability & Revenue Growth
A meaningful turnaround to positive net income with 15.5% revenue growth and materially higher gross and EBITDA margins indicates the company has re-established profitable operations. Sustained margin expansion implies product mix or pricing power that supports durable earnings if execution continues.
Negative Factors
Negative Shareholders' Equity
Persistently negative equity is a structural balance-sheet weakness that constrains financing flexibility, increases refinancing and covenant risk, and can force dilutive capital raises. It materially raises the bar for sustaining operations during any downturn or slower growth period.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability & Revenue Growth
A meaningful turnaround to positive net income with 15.5% revenue growth and materially higher gross and EBITDA margins indicates the company has re-established profitable operations. Sustained margin expansion implies product mix or pricing power that supports durable earnings if execution continues.
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)―
Beta (1Y)2.84
Revenue Growth67.58%
EPS Growth-16.67%
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-0.08
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. provides specialized energy capturing, converting, optimizing, and related services to the commercial sector. It offers viable options for helping manufacturers reduce waste, save resources, save money, and lower their carbon f...
How the Company Makes Money
null...
Sparta Capital Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
28
Negative
Cash Flow
64
Positive
| Breakdown | Dec 2025 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 12.53M | 7.83M | 9.43M | 5.97M | 5.19M |
| Gross Profit | 9.74M | 2.02M | 5.34M | 3.30M | 3.86M |
| EBITDA | 2.36M | 182.25K | 638.79K | -919.07K | -21.52K |
| Net Income | 430.75K | -889.80K | -412.89K | -970.12K | -609.44K |
Balance Sheet | |||||
| Total Assets | 5.39M | 2.21M | 1.84M | 2.03M | 3.06M |
| Cash, Cash Equivalents and Short-Term Investments | 2.52M | 828.18K | 930.83K | 541.09K | 844.78K |
| Total Debt | 2.54M | 2.76M | 2.34M | 3.09M | 2.82M |
| Total Liabilities | 4.79M | 3.90M | 3.11M | 3.78M | 3.48M |
| Stockholders Equity | -24.21K | -1.31M | -824.03K | -973.07K | -182.03K |
Cash Flow | |||||
| Free Cash Flow | 2.40M | 734.50K | 487.48K | -515.22K | 195.59K |
| Operating Cash Flow | 2.40M | 734.50K | 487.48K | -515.22K | 210.37K |
| Investing Cash Flow | 164.86K | 0.00 | 0.00 | 11.00K | -14.78K |
| Financing Cash Flow | -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$28.17M | 22.52 | 13.24% | ― | 9.19% | 711.11% | |
53 Neutral | C$3.74M | -28.66 | ― | ― | 67.58% | -16.67% | |
49 Neutral | C$7.78M | -2.58 | -7.46% | ― | 50.33% | 49.57% | |
47 Neutral | C$24.62M | -2.85 | 399.66% | ― | 40.39% | 8.97% | |
45 Neutral | C$2.47M | -3.65 | 388.29% | ― | -68.14% | -209.09% | |
44 Neutral | C$35.90M | -4.68 | -4.33% | ― | 15.41% | -23.30% |
* Industrials Sector Average
TSE:SAY
Sparta Capital
0.02
0.00
0.00%
TSE:WATR
Current Water Technologies Inc
0.01
-0.01
-50.00%
TSE:SHRC
Sharc International Systems Inc
0.15
0.05
50.00%
TSE:QST
Questor Technology
0.28
-0.11
-29.11%
TSE:TMG
Thermal Energy International
0.17
0.06
57.14%
TSE:GRN
Greenlane Renewables Inc
0.23
0.14
164.71%
Sparta Capital Corporate Events
Business Operations and StrategyFinancial Disclosures
Sparta Capital Posts Q1 ERS Growth and Positive Working Capital
Positive
Mar 3, 2026
Sparta Capital’s latest quarterly disclosure shows that its Environment division, ERS, delivered a 9.5 percent increase in revenue over the previous year’s first quarter, while the company’s working capital position turned positi...
Business Operations and StrategyExecutive/Board ChangesFinancial DisclosuresRegulatory Filings and Compliance
Sparta Group Files Delayed 2025 Results and Advances AI, E‑Waste and Health Tech Initiatives
Positive
Feb 27, 2026
Sparta Group has filed its annual financial statements and Management’s Discussion and Analysis for the year ended September 30, 2025, following an earlier delay that prompted a Management Cease Trade Order from the Alberta Securities Commis...
Financial DisclosuresRegulatory Filings and Compliance
Sparta Group Nears Completion of Delayed Annual Financial Filings
Neutral
Feb 20, 2026
Sparta Group has provided an update on the delay in filing its audited annual financial statements for the year ended September 30, 2025, stating that the statements are now in final review and are expected to be filed on or before February 27, 20...
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.