SMART PARKING LIMITED (SPZ)
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SPZ

SPZ - SMART PARKING LIMITED

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

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.78

15 Apr
2025

-0.005

OPEN

$0.80

-0.64%

HIGH

$0.80

642,426

LOW

$0.76

TARGET
$1.25 60.3% 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 2.0 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx - 42.3% 90.5% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 40.0 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 © 2025 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

27/03/2025

1

Buy, High Risk

$1.25

60.26%

Shaw and Partners believes Smart Parking offers attractive value following short-term selling pressure post its US acquisition, while fundamentals remain unchanged.

The sell-down followed a capital raising to fund the Peak Parking acquisition, explains the broker, yet the company continues to demonstrate strong organic growth and improving earnings visibility.

Regulatory risks in the UK have eased, and Smart Parking is gaining share through its Automatic Number Plate Recognition (ANPR) technology and sales capability.

No change to Buy, High-Risk rating and $1.25 target.

FORECAST
Shaw and Partners forecasts a full year FY25 dividend of 0.00 cents and EPS of 2.00 cents.
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 3.60 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

Petra Capital

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Canaccord Genuity

19/03/2025

1

Buy

$1.25

60.26%

Following Smart Parking's 1H25 result, Canaccord Genuity made minor changes to its core EBITDA forecasts but those increased after factoring in the acquisition of US-based Peak Parking.

The broker lifted EBITDA forecasts for FY25 and FY26 by 8% and 31% respectively, offset by share dilution. The analyst reckons the acquisition multiple was undemanding given Peak Parking's business quality and solid revenue growth.

The broker believes the share price weakness post-acquisition provides an entry point as it was driven by macro factors.

Target price rises to $1.25 from $1.10. Buy retained. 

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of 2.40 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 3.60 cents.
Access Extra Coverage Research History >

SPZ STOCK CHART

FNArena News on SPZ

1
Australian Broker Call *Extra* Edition – Apr 03, 2025

Apr 03 2025 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Mar 19, 2025

Mar 19 2025 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Feb 19, 2025

Feb 19 2025 - Daily Market Reports
4
FNArena Corporate Results Monitor – 18-02-2025

Feb 18 2025 - Australia
5
Australian Broker Call *Extra* Edition – Feb 17, 2025

Feb 17 2025 - Daily Market Reports

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