Should You Investigate Smart Parking Limited (ASX:SPZ) At AU$0.47?
May 01
Australian (ASX) Commercial Services Industry Analysis
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies27
- 7D-1.3%
- 3M0.6%
- 1Y6.1%
- YTD2.2%
Over the last 7 days, the Commercial Services industry has dropped 2.1%, driven by a pullback from Brambles of 1.4%. In contrast, Smart Parking has gained 15%. Over the past 12 months, the industry was up 7.9%. As for the next few years, earnings are expected to grow by 18% per annum.
Industry Valuation and Performance
Has the Australian Commercial Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | AU$33.3b | AU$29.2b | AU$746.2m | 18.5x | 44.6x | 1.1x |
| Sat, 30 Mar 2024 | AU$36.4b | AU$29.2b | AU$740.8m | 20.8x | 49.1x | 1.2x |
| Mon, 26 Feb 2024 | AU$35.0b | AU$29.2b | AU$731.4m | 19.8x | 47.9x | 1.2x |
| Wed, 24 Jan 2024 | AU$33.3b | AU$28.9b | AU$504.7m | 24.3x | 65.9x | 1.2x |
| Fri, 22 Dec 2023 | AU$32.1b | AU$28.6b | AU$478.5m | 23x | 67.1x | 1.1x |
| Sun, 19 Nov 2023 | AU$30.9b | AU$29.0b | AU$517.1m | 18.4x | 59.8x | 1.1x |
| Tue, 17 Oct 2023 | AU$31.9b | AU$29.3b | AU$550.9m | 19.3x | 57.9x | 1.1x |
| Thu, 14 Sep 2023 | AU$33.1b | AU$29.1b | AU$530.8m | 20.7x | 62.4x | 1.1x |
| Sat, 12 Aug 2023 | AU$33.0b | AU$27.9b | AU$487.0m | 30.4x | 67.7x | 1.2x |
| Mon, 10 Jul 2023 | AU$31.6b | AU$27.3b | AU$987.3m | 26.3x | 32x | 1.2x |
| Wed, 07 Jun 2023 | AU$30.4b | AU$27.4b | AU$988.6m | 24.9x | 30.8x | 1.1x |
| Fri, 05 May 2023 | AU$31.3b | AU$27.3b | AU$989.5m | 25.9x | 31.6x | 1.1x |
| Sun, 02 Apr 2023 | AU$29.7b | AU$27.3b | AU$988.3m | 25.3x | 30.1x | 1.1x |
| Tue, 28 Feb 2023 | AU$29.2b | AU$27.1b | AU$971.4m | 20x | 30.1x | 1.1x |
| Thu, 26 Jan 2023 | AU$28.4b | AU$25.5b | AU$840.7m | 28.7x | 33.8x | 1.1x |
| Sat, 24 Dec 2022 | AU$28.4b | AU$25.9b | AU$883.2m | 26.2x | 32.2x | 1.1x |
| Mon, 21 Nov 2022 | AU$28.7b | AU$25.9b | AU$877.0m | 24.9x | 32.7x | 1.1x |
| Wed, 19 Oct 2022 | AU$28.4b | AU$26.4b | AU$926.1m | 21.5x | 30.7x | 1.1x |
| Fri, 16 Sep 2022 | AU$29.6b | AU$25.7b | AU$870.0m | 20.5x | 34x | 1.2x |
| Sun, 14 Aug 2022 | AU$28.6b | AU$25.5b | AU$933.1m | 19.9x | 30.7x | 1.1x |
| Tue, 12 Jul 2022 | AU$27.0b | AU$25.7b | AU$959.5m | 18.2x | 28.1x | 1x |
| Thu, 09 Jun 2022 | AU$27.9b | AU$25.4b | AU$916.2m | 19.5x | 30.4x | 1.1x |
| Sat, 07 May 2022 | AU$27.6b | AU$25.4b | AU$922.3m | 19.1x | 29.9x | 1.1x |
| Mon, 04 Apr 2022 | AU$26.7b | AU$25.0b | AU$881.7m | 19x | 30.3x | 1.1x |
| Wed, 02 Mar 2022 | AU$26.5b | AU$25.2b | AU$910.7m | 18.9x | 29.1x | 1.1x |
| Fri, 28 Jan 2022 | AU$25.8b | AU$25.4b | AU$978.6m | 18.8x | 26.3x | 1x |
| Sun, 26 Dec 2021 | AU$28.6b | AU$25.4b | AU$970.9m | 23.3x | 29.5x | 1.1x |
| Tue, 23 Nov 2021 | AU$28.8b | AU$25.2b | AU$969.1m | 21.7x | 29.7x | 1.1x |
| Thu, 21 Oct 2021 | AU$28.6b | AU$24.9b | AU$944.2m | 21.2x | 30.3x | 1.1x |
| Sat, 18 Sep 2021 | AU$29.5b | AU$25.1b | AU$965.3m | 18.5x | 30.5x | 1.2x |
| Mon, 16 Aug 2021 | AU$29.8b | AU$24.5b | AU$1.0b | 16.9x | 29.6x | 1.2x |
| Mon, 31 May 2021 | AU$28.3b | AU$24.3b | AU$807.5m | 22.7x | 35x | 1.2x |
Price to Earnings Ratio
34.5x
Current Industry PE
- Investors are optimistic on the Australian Commercial Services industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 45.9x which is higher than its 3-year average PE of 37.6x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Commercial Services industry have declined 2.8% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.3% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Australian Industrials industry?
| AU Market | -1.54% | |
| Industrials | -2.51% | |
| Commercial Services | -1.33% | |
| Commercial Printing | 16.67% | |
| Office Services and Supplies | 0% | |
| Environmental and Facilities Services | -1.04% | |
| Diversified Support Services | -1.39% | |
| Security and Alarm Services | -19.32% | |
Industry PE
- Investors are most optimistic about the Environmental and Facilities Services industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 27.2%, which is lower than the prior year's growth of 63.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Environmental and Facilities Services industry, expecting annual earnings growth of 27% over the next 5 years.
- However this is lower than its past earnings growth rate of 63% per year.
- In contrast, the Diversified Support Services industry is expected to see its earnings grow by 15% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SPZ Smart Parking | AU$0.47 | 14.6% +AU$21.0m | 108.9% | PE24.3x | |
| AMA AMA Group | AU$0.064 | 16.4% +AU$16.3m | -61.2% | PS0.1x | |
| NAM Namoi Cotton | AU$0.64 | 7.6% +AU$9.2m | 48.8% | PE19x | |
| MAD Mader Group | AU$6.72 | 0.4% +AU$6.0m | 34.4% | PE29.7x | |
| ARA Ariadne Australia | AU$0.52 | 5.1% +AU$4.9m | -15.6% | PS18.8x |
