SMART PARKING LIMITED (SPZ)
Share Price Analysis and Chart

19/02/2026

1

Buy, High Risk

$1.55

19.69%

Smart Parking has revealed 85% underlying earnings (EBITDA growth at interim results, in line with Shaw and Partners' expectation.

The broker highlights UK yield rose 58% on new debt recovery procedures and now forecasts FY26 UK earnings of $23.8m, up 42%.

The US business is exceeding prior guidance, observes the analyst, with FY26 earnings forecast at $8.2m and expected to deliver 30% EPS accretion.

Shaw also observes strong New Zealand site installation growth of 28%, supporting projected group earnings  growth of over 25% pa through FY29.

Shaw retains a Buy, High Risk rating and the target price rises to $1.55 from $1.50.

FORECAST
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 3.80 cents.
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of 5.30 cents.

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27/08/2025

1

Buy

$1.59

22.78%

Petra Capital observes Smart Parking's FY25 result was strong, with operating revenue of $77.2m beating consensus and its forecast of $70.5m. Net profit grew 47% y/y.

The solid result was aided by maiden contribution of $10.2m revenue from Peak Parking, and robust growth in the UK and NZ. The company added 437 new ANPR sites outside US, ahead of the 400 site run-rate estimated.

The broker reckons the company is well-placed to bring forward December 2028 ANPR target of 3,000.

FY26 revenue forecast upgraded by 4.2% and FY27 by 5.9%.

Buy. Target rises to $1.59 from $1.56.

FORECAST
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of 3.20 cents.
Petra Capital forecasts a full year FY27 dividend of 0.00 cents and EPS of 4.50 cents.