SMARTPAY HOLDINGS LIMITED (SMP)
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SMP - SMARTPAY HOLDINGS LIMITED

FNArena Sector : Business & Consumer Credit
Year End: March
GICS Industry Group : Software & Services
Debt/EBITDA: 0.78
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.24

02 Jul
2024

0.090

OPEN

$1.19

7.83%

HIGH

$1.25

68,945

LOW

$1.18

TARGET
$1.75 41.1% upside
OTHER COMPANIES IN THE SAME SECTOR
BTN . CCP . CGR . COG . CRD . EML . EPY . FSA . HUM . JDO . LFS . MME . PGL . PLT . PPM . QAL . SIV . SQ2 . SVR . TYR . WZR . ZIP .
FNARENA'S MARKET CONSENSUS FORECASTS
SMP: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 5.0 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 24.2 xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in NZD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 N/A

Estimated Dividend Growth
(Average Of Past Three Years)

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx3.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx89.5 M
Book Value Per Share xxxxxxxxxxxxxxx20.2
Net Operating Cash Flow xxxxxxxxxxxxxxx18.0 M
Net Profit Margin xxxxxxxxxxxxxxx8.71 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx17.80 %
Return on Invested Capital xxxxxxxxxxxxxxx13.86 %
Return on Assets xxxxxxxxxxxxxxx7.04 %
Return on Equity xxxxxxxxxxxxxxx17.80 %
Return on Total Capital xxxxxxxxxxxxxxx15.55 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx8.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx2 M
Long Term Debt xxxxxxxxxxxxxxx13 M
Total Debt xxxxxxxxxxxxxxx15 M
Goodwill - Gross xxxxxxxxxxxxxxx14 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx19 M
Price To Book Value xxxxxxxxxxxxxxx7.09

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx15.3 M
Capex % of Sales xxxxxxxxxxxxxxx17.15 %
Cost of Goods Sold xxxxxxxxxxxxxxx71 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx9 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

29/05/2024

3

Downgrade to Hold from Buy

$1.30

4.84%

Bell Potter saw how SmartPay's FY24 earnings result met expectations.

Revenue growth of 24.1% year-on-year was viewed as "soft" but offset by a lower cost base, which declined to 34.8% of revenues against 38.2% in FY23.

The broker highlights considerably weaker free cashflows from internal software development, hardware inventories and other network infrastructure spend ahead of the 3G shutdown.

The higher churn rate is a surprise to Bell Potter and the broker lowers the FY25 EPS forecast by -29%.

Rating downgraded to a Hold from Buy and the target price lowered to $1.30 from $1.76.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of 3.70 cents.
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 6.47 cents.
Access Stockbroker Research History >

SMP STOCK CHART

FNArena News on SMP

1
Australian Broker Call *Extra* Edition – Jun 03, 2024

Jun 03 2024 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 31-05-24

Jun 03 2024 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Mar 18, 2024

Mar 18 2024 - Daily Market Reports
4
FNArena Corporate Results Monitor – 01-12-2023

Dec 01 2023 - Australia
5
FNArena Corporate Results Monitor – 02-06-2023

Jun 02 2023 - Australia

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