SMARTPAY HOLDINGS LIMITED (SMP)
Share Price Analysis and Chart

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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

$0.57

20 Nov
2024

0.000

OPEN

$0.60

0.000

HIGH

$0.60

1,098,861

LOW

$0.54

TARGET
$1.475 158.8% 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) 3.1 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 18.7 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

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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

05/09/2024

1

Buy

$2.20

285.96%

In a scenario factoring in any potential surcharging changes, Shaw and Partners still comes up with a valuation for SmartPay 15% ahead of the current share price.

The broker explains media speculation has intensified since the RBA (in mid-August) announced they had "agreed to commence consultation on merchant card payment costs and surcharging".

Assuming the status quo changes, the analysts note likely outcomes are bans on debit surcharge or caps on surcharge at 1.5%.

Buy and $2.20 target retained.

FORECAST
Shaw and Partners forecasts a full year FY25 dividend of 0.00 cents and EPS of 2.57 cents.
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 4.41 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

18/10/2024

1

Buy

$1.40

145.61%

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 2.30 cents.
Access Extra Coverage Research History >

SMP STOCK CHART

FNArena News on SMP

1
Are SmartPay & Tyro Private Equity Targets?

Oct 23 2024 - Small Caps
2
Australian Broker Call *Extra* Edition – Oct 21, 2024

Oct 21 2024 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Oct 16, 2024

Oct 16 2024 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Sep 18, 2024

Sep 18 2024 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Aug 01, 2024

Aug 01 2024 - Daily Market Reports

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