SMARTPAY HOLDINGS LIMITED (SMP)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

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

$0.55

20 Dec
2024

-0.010

OPEN

$0.56

-1.79%

HIGH

$0.56

10,700

LOW

$0.54

TARGET
$0.94 70.9% upside
OTHER COMPANIES IN THE SAME SECTOR
BTN . CCP . CGR . COG . EML . EPY . FSA . HUM . JDO . LFS . MME . PLT . PPM . QAL . SIV . SQ2 . SVR . TYR . WZR . 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 44.4 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 © 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, xxxx xxxx

$xx.xx

xx.xx%

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

Bell Potter

26/11/2024

3

Hold

$0.68

23.64%

SmartPay's 1H earnings (EBITDA) of NZ$8.8m missed forecasts from Bell Potter and consensus of NZ$11.5m and NZ$10.2m, respectively.

Revenue of NZ$51.6m aligned with consensus but was -3% below the broker’s forecast due to ARPU declines, reflecting lower average total transaction value (TTV) per terminal and a softer-than-expected take rate.

In Australia, TTV of NZ$3.3bn was weaker-than-expected by the analyst, and management commentary indicates a further -8% reduction in unit requirements, with the hospitality sector most affected.

The Hold rating is unchanged, and the target price decreases to 68c from 75c.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of 1.47 cents.
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 4.31 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

21/10/2024

1

Buy

$1.40

154.55%

The RBA payments review has impacted negatively on the SmartPay share price. The immediate market fear is based around merchant acquirers having to potentially absorb a large proportion of the margin impact of lower payment costs, explains Canaccord Genuity.

At present, the focus is on payment surcharging, notes the broker, and seeking feedback from stakeholders on how to address increasing public concern.

Any change is unlikely to alter the actual cost of acceptance by merchants as there is a cost that must be borne by someone, points out Canaccord.

The $1.40 target and Buy rating are maintained.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of 1.38 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 2.29 cents.
Access Extra Coverage Research History >

SMP STOCK CHART

FNArena News on SMP

1
FNArena Corporate Results Monitor – 09-12-2024

Dec 09 2024 - Australia
2
Australian Broker Call *Extra* Edition – Nov 28, 2024

Nov 28 2024 - Daily Market Reports
3
Are SmartPay & Tyro Private Equity Targets?

Oct 23 2024 - Small Caps
4
Australian Broker Call *Extra* Edition – Oct 21, 2024

Oct 21 2024 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Oct 16, 2024

Oct 16 2024 - Daily Market Reports

Latest Business & Consumer Credit News

1
Zip Co Shares To Continue Uptrend

Nov 26 2024 - Technicals
2
Are SmartPay & Tyro Private Equity Targets?

Oct 23 2024 - Small Caps
3
COG Financial Services Screens ‘Too Cheap’

Oct 18 2024 - Small Caps
4
Strong Growth Prospects For Judo Capital

Oct 11 2024 - Small Caps
5
Is Judo Capital Too Ambitious?

Aug 22 2024 - Small Caps
6
Zip Co, The Lazarus Of BNPL

Jul 05 2024 - Small Caps
7
Judo Answers The Critics

Jan 24 2024 - Small Caps
8
BNPL To Be Regulated In Australia

Jun 01 2023 - Australia
9
Tyro Payments Doubles Down On Savings

Oct 12 2022 - Small Caps
10
Block Still Paying For Afterpay Acquisition

Aug 11 2022 - Australia