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

$1.15

25 Jul
2024

0.005

OPEN

$1.15

0.44%

HIGH

$1.16

192,023

LOW

$1.13

TARGET
$1.75 52.2% 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) 3.1 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 36.3 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

15/07/2024

3

Hold

$1.30

13.04%

At the SmartPay AGM, management offered a trading update.

Bell Potter highlights Australian terminals fleet advanced to 19,100 units and net adds came in at 700-plus over April-May, with the Australian merchant base up to 13.500 from 13,000 in FY24.

Monthly recurring revenue of NZ$384 per average unit used in May is forecast by the broker, and total transaction volume has been weaker for hospitality, falling -10%. 

Total growth of 0.7% on the 1H24 is highlighted as positive, given the soft hospitality results. $1.30 target price and Hold rating remain unchanged.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of 3.69 cents.
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of 3.32 cents.
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

22/07/2024

1

Overweight

$1.86

61.74%

SmartPay has provided a seven-week trading update for FY25: transacting terminals rose by 700; monthly TTV rose 21% on the previous corresponding period and monthly acquiring revenue was up 24%.

Wilsons considers this to be a strong start to the year and expects tax-cut timing should also ameliorate any potential consumer spending withdrawals in the remaining half (the trading update shows consumer spending is hurting the company's "back-book", although this has been more than compensated by the front book, says Wilsons).

Overweight rating and $1.86 target price retained.

FORECAST
Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of 4.80 cents.
Wilsons forecasts a full year FY26 dividend of 0.00 cents and EPS of 7.76 cents.
Access Stockbroker Research History >

SMP STOCK CHART

FNArena News on SMP

1
Australian Broker Call *Extra* Edition – Jul 22, 2024

Jul 22 2024 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Jun 03, 2024

Jun 03 2024 - Daily Market Reports
3
Weekly Ratings, Targets, Forecast Changes – 31-05-24

Jun 03 2024 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Mar 18, 2024

Mar 18 2024 - Daily Market Reports
5
FNArena Corporate Results Monitor – 01-12-2023

Dec 01 2023 - Australia

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