SMART PARKING LIMITED (SPZ)
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SPZ - SMART PARKING LIMITED

FNArena Sector : Hardware & Equipment
Year End: June
GICS Industry Group : Technology Hardware & Equipment
Debt/EBITDA: 0.75
Index:

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.89

20 Dec
2024

0.030

OPEN

$0.88

3.49%

HIGH

$0.90

36,563

LOW

$0.86

TARGET
$1.10 23.6% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
SPZ: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 1.1 2.1 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx - 41.8% 98.1% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 42.4 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

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 xxxxxxxxxxxxxxx1.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx54.5 M
Book Value Per Share xxxxxxxxxxxxxxx8.0
Net Operating Cash Flow xxxxxxxxxxxxxxx12.9 M
Net Profit Margin xxxxxxxxxxxxxxx6.77 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx14.28 %
Return on Invested Capital xxxxxxxxxxxxxxx10.02 %
Return on Assets xxxxxxxxxxxxxxx6.50 %
Return on Equity xxxxxxxxxxxxxxx14.28 %
Return on Total Capital xxxxxxxxxxxxxxx17.08 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx8.7 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 xxxxxxxxxxxxxxx3 M
Long Term Debt xxxxxxxxxxxxxxx7 M
Total Debt xxxxxxxxxxxxxxx10 M
Goodwill - Gross xxxxxxxxxxxxxxx7 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx7 M
Price To Book Value xxxxxxxxxxxxxxx5.87

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx5.2 M
Capex % of Sales xxxxxxxxxxxxxxx9.46 %
Cost of Goods Sold xxxxxxxxxxxxxxx25 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx22 M
Research & Development xxxxxxxxxxxxxxx1 M
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

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

11/12/2024

1

Buy

$1.10

23.60%

The latest UK Government parking data show Smart Parking has increased market share through to the September quarter.

Shaw and Partners notes the company provided a robust trading update at the AGM, with earnings growth of 30% compared to the previous corresponding period.

Management highlighted at the AGM UK sites had increased by around 20% compared to the previous year, and the company's new target is 3,000 global parking sites by the end of FY28, up from 1,529 currently.

The broker continues to rate the stock as Buy, High Risk, with a $1.10 target price. No change to earnings forecasts.

FORECAST
Shaw and Partners forecasts a full year FY25 dividend of 0.00 cents and EPS of 2.10 cents.
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 2.80 cents.
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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

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Petra Capital

19/11/2024

1

Buy

$1.02

14.61%

Smart Parking’s Q1 FY25 revenue increased by 24% year-on-year to $16.8m, with adjusted earnings (EBITDA) rising 30% to $5.4m, notes Petra Capital.

The broker highlights management’s new long-term target of 3,000 automatic number plate recognition (ANPR) sites by 2028, following the achievement of the previous 1,500 site goal.

Growth is expected from ongoing organic expansion in key markets, including the UK, Denmark, Germany, and New Zealand.

Management maintains a disciplined approach to international expansion and mergers, according to the analyst, with potential new entries into Scandinavia, Europe, and the US under evaluation.

Petra Capital retains a Buy rating and a $1.02 target price, with no changes to forecasts.

FORECAST
Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of 2.20 cents.
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of 3.80 cents.
Access Extra Coverage Research History >

SPZ STOCK CHART

FNArena News on SPZ

1
FNArena Corporate Results Monitor – 22-11-2024

Nov 22 2024 - Australia
2
Australian Broker Call *Extra* Edition – Nov 20, 2024

Nov 20 2024 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Nov 19, 2024

Nov 19 2024 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Nov 06, 2024

Nov 06 2024 - Daily Market Reports
5
Rudi’s View: Growth Is Not A Dirty Word

Sep 25 2024 - Rudi's View

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