SMARTGROUP CORPORATION LIMITED (SIQ)
Share Price Analysis and Chart

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SIQ - SMARTGROUP CORPORATION LIMITED

Year End: December
GICS Industry Group : Commercial & Professional Services
Debt/EBITDA: 0.72
Index: ASX200 | ASX300 | ALL-ORDS

Smartgroup is an Australian provider of novated leasing, fleet management, salary packaging and payroll services to employers. Founded in 1999, it listed on the ASX in 2014.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$9.92

22 Apr
2024

0.180

OPEN

$9.92

1.85%

HIGH

$9.92

242,510

LOW

$9.68

TARGET
$10.112 1.9% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
FPR . MMS . SGF .
FNARENA'S MARKET CONSENSUS FORECASTS
SIQ: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 54.4 xxx
DPS (cps) xxx N/A 41.1 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 18.3 xxx
Dividend Yield xxx N/A 4.1% xxx
Div Pay Ratio(%) xxx N/A 75.5% xxx

Dividend yield today if purchased 3 years ago: 6.56%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

4.77

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

Last ex-div: 06/03 - ex-div 32c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx47.7
DPS All xxxxxxxxxxxxxxx47.5
Sales/Revenue xxxxxxxxxxxxxxx251.6 M
Book Value Per Share xxxxxxxxxxxxxxx188.0
Net Operating Cash Flow xxxxxxxxxxxxxxx68.0 M
Net Profit Margin xxxxxxxxxxxxxxx24.61 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx25.58 %
Return on Invested Capital xxxxxxxxxxxxxxx20.33 %
Return on Assets xxxxxxxxxxxxxxx15.04 %
Return on Equity xxxxxxxxxxxxxxx25.58 %
Return on Total Capital xxxxxxxxxxxxxxx29.82 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx0.6 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx6 M
Long Term Debt xxxxxxxxxxxxxxx66 M
Total Debt xxxxxxxxxxxxxxx72 M
Goodwill - Gross xxxxxxxxxxxxxxx273 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx71 M
Price To Book Value xxxxxxxxxxxxxxx4.64

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx9.4 M
Capex % of Sales xxxxxxxxxxxxxxx3.75 %
Cost of Goods Sold xxxxxxxxxxxxxxx121 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx38 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

0.4

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

22/02/2024

1

Buy

$10.60

6.85%

Ord Minnett points out Smartgroup Corp remains a significant beneficiary of government policy designed to accelerate the take-up of electric vehicles.

As a result novated yields have jumped 15% driven by the increased mix of EV's, higher mix of new car leases and improved supplier arrangements.

This underpins the broker's growth forecasts with EPS growth of 10% envisaged for 2024. Ord Minnett retains a Buy rating and raises the target to $10.60 from $9.75.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 33.50 cents and EPS of 53.40 cents.
Ord Minnett forecasts a full year FY25 dividend of 35.00 cents and EPS of 57.10 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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SIQ STOCK CHART