Spartan Motors Inc (SPAR) Files 10-K for the Fiscal Year Ended on December 31, 2018

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Spartan Motors Inc (SPAR) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Spartan Motors Inc is a market engineer and manufacturer in the heavy-duty, custom vehicles marketplace. It operates in three segments Emergency Response Vehicles, Delivery and Service Vehicles, and Specialty Chassis and Vehicles. Spartan Motors Inc has a market cap of $330.950 million; its shares were traded at around $9.37 with a P/E ratio of 21.79 and P/S ratio of 0.43. The dividend yield of Spartan Motors Inc stocks is 1.06%.


For the last quarter Spartan Motors Inc reported a revenue of $233.0 million, compared with the revenue of $181.1 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $816.2 million, an increase of 15.4% from last year. For the last five years Spartan Motors Inc had an average revenue growth rate of 11.6% a year.

The reported diluted earnings per share was 43 cents for the year, a decline of 6.5% from the previous year. The Spartan Motors Inc had an operating margin of 2.15%, compared with the operating margin of 2.43% a year before. The 10-year historical median operating margin of Spartan Motors Inc is 1.09%. The profitability rank of the company is 6 (out of 10).

At the end of the fiscal year, Spartan Motors Inc has the cash and cash equivalents of $27.4 million, compared with $33.5 million in the previous year. The long term debt was $25.5 million, compared with $17.9 million in the previous year. The interest coverage to the debt is at a comfortable level of 16.2. Spartan Motors Inc has a financial strength rank of 7 (out of 10).

At the current stock price of $9.37, Spartan Motors Inc is traded at 13.4% premium to its historical median P/S valuation band of $8.26. The P/S ratio of the stock is 0.43, while the historical median P/S ratio is 0.38. The stock lost 43.17% during the past 12 months.

For the complete 20-year historical financial data of SPAR, click here.

This article first appeared on GuruFocus.


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