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Added to YB: 2026-03-19

Pitch date: 2026-03-16

SPSY.L [neutral]

Spectra Systems Corporation

Author Info

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Company Info

Spectra Systems Corporation invents, develops, and sells integrated optical systems in the United States and internationally.

Market Cap

GBP 80.5M

Pitch Price

N/A

Price Target

2.51

Dividend

6.95%

EV/EBITDA

3.71

P/E

6.17

EV/Sales

1.45

Sector

Electronic Equipment, Instruments and Components

Category

value

Show full summary:
My Top 8 Highest Conviction Micro Cap Ideas - Spectra Systems (LSE: SPSY)

SPSY.L (update): UK-listed banknote authentication co w/ covert materials & sensors locked into central bank designs for 10-15yr cycles. Shifted from lumpy project rev to recurring under $6.7M maintenance contract thru 2030. H1 2025 rev +54%, adj EBITDA +101%, record FY earnings expected. 5.4x fwd P/E vs 40%+ margins. Base case supports 2x w/ free optionality on polymer substrate, sensor systems, tax stamps, gaming software.

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