SMARTPAY HOLDINGS LIMITED (SMP)
Share Price Analysis and Chart

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SMP

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

$0.925

28 May
2025

-0.035

OPEN

$0.96

-3.65%

HIGH

$0.96

205,918

LOW

$0.91

TARGET
$1.265 36.8% upside
OTHER COMPANIES IN THE SAME SECTOR
BTN . CCP . CGR . COG . EML . EPY . FSA . HUM . JDO . LFS . MME . PLT . PPM . QAL . SIV . SVR . TYR . WZR . XYZ . ZIP .
FNARENA'S MARKET CONSENSUS FORECASTS
SMP: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 1.2 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 75.5 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: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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 © 2025 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

1.0

No. Of Recommendations

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

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Shaw and Partners

18/03/2025

1

Buy

$1.20

29.73%

Shaw and Partners notes SmartPay received two separate conditional offers -- one from Tyro Payments ((TYR)) and the other unnamed but speculated to be Shift4 Payments based on a newspaper article.

The broker believes the SmartPay and Tyro combination makes sense with $4.4m synergies and a likely 15% EPS accretion in FY26 based on a 75% scrip and 25% cash deal.

The broker reckons Shift4 has deep pockets and seeks a foothold in the Australia/NZ market, though the bid is seen as undervaluing SmartPay.

The broker sees risks from a regulatory standpoint including full surcharge ban, integration costs and Tyro's past experience with Bendigo Bank ((BEN)).

The broker views the risk from ACCC blocking the deal as unlikely. No change to $1.2 target price and Buy rating.

FORECAST
Shaw and Partners forecasts a full year FY25 dividend of 0.00 cents and EPS of 1.00 cents.
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 2.19 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Canaccord Genuity

19/03/2025

1

Buy

$1.20

29.73%

SmartPay received a takeover offer from Tyro Payments ((TYR)) and another global company speculated to be Shift4 Payments. The company granted due diligence to both parties and has reciprocal due diligence with Tyro.

From Tyro's point of view, Canaccord Genuity considers the strategic rationale for the acquisition to be sound. The broker estimates cost synergies would need to be over $20m for the deal to be accretive as a full scrip merger at 73c Tyro share price. 

The broker thinks the offer price of NZ$1.00 undervalues Smartpay and is unlikely to be accepted but because of two offers, the deal would get competitive. 

Target price of $1.20 and Buy rating are unchanged.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -0.18 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 2.55 cents.
Access Extra Coverage Research History >

SMP STOCK CHART

FNArena News on SMP

1
Australian Broker Call *Extra* Edition – Apr 07, 2025

Apr 07 2025 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 21-03-25

Mar 24 2025 - Weekly Reports
3
Next Week At A Glance 24-28 Mar 2025

Mar 21 2025 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Mar 19, 2025

Mar 19 2025 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Mar 18, 2025

Mar 18 2025 - Daily Market Reports

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