How does SIQ's PE Ratio compare to its peers?

SIQ is good value based on its Price-To-Earnings Ratio (15.1x) compared to the peer average (15.7x).

How does SIQ's PE Ratio compare vs other companies in the Global Professional Services Industry?

SIQ is good value based on its Price-To-Earnings Ratio (15.1x) compared to the Global Professional Services industry average (20.5x).

What is SIQ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SIQ is good value based on its Price-To-Earnings Ratio (15.1x) compared to the estimated Fair Price-To-Earnings Ratio (15.6x).

What is the Fair Price of SIQ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SIQ (A$7.8) is trading below our estimate of [[fair value]] (A$16.47)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Smartgroup (ASX:SIQ) - Stock Price, News & Analysis

SIQ Stock Overview

Provides employee management services in Australia. More details

SIQ fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	2/6
Past Performance	5/6
Financial Health	4/6
Dividends	4/6

Rewards

Trading at 52.6% below our estimate of its fair value

Earnings are forecast to grow 6.36% per year

Earnings grew by 18.4% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 21.7%

Risk Analysis

Dividend of 6.54% is not well covered by free cash flows

Smartgroup Corporation Ltd Competitors

McMillan Shakespeare

ASX:MMS

AU$1.0b

HiTech Group Australia

ASX:HIT

AU$82.3m

Peoplein

ASX:PPE

AU$85.7m

Ashley Services Group

ASX:ASH

AU$27.4m

Price History & Performance

Summary of all time highs, changes and price drops for Smartgroup
Historical stock prices
Current Share Price	AU$7.80
52 Week High	AU$10.97
52 Week Low	AU$7.48
Beta	0.80
11 Month Change	-3.82%
3 Month Change	-4.29%
1 Year Change	-8.56%
33 Year Change	3.04%
5 Year Change	-15.86%
Change since IPO	439.79%

Returns At Smartgroup (ASX:SIQ) Appear To Be Weighed Down

May 01

Recent updates

An Intrinsic Calculation For Smartgroup Corporation Ltd (ASX:SIQ) Suggests It's 48% Undervalued

Jun 08

Is Smartgroup Corporation Ltd's (ASX:SIQ) 7.2% Dividend Sustainable?

Apr 12

Investors Shouldn't Overlook The Favourable Returns On Capital At Smartgroup (ASX:SIQ)

Mar 29

Have Insiders Been Buying Smartgroup Corporation Ltd (ASX:SIQ) Shares This Year?

Mar 16

Do These 3 Checks Before Buying Smartgroup Corporation Ltd (ASX:SIQ) For Its Upcoming Dividend

Mar 03

Smartgroup Corporation Ltd's (ASX:SIQ) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?

Feb 25

Should You Investigate Smartgroup Corporation Ltd (ASX:SIQ) At AU$7.68?

Feb 12

Smartgroup (ASX:SIQ) Has Compensated Shareholders With A Respectable 93% Return On Their Investment

Feb 01

What Percentage Of Smartgroup Corporation Ltd (ASX:SIQ) Shares Do Insiders Own?

Jan 19

Should You Buy Smartgroup Corporation Ltd (ASX:SIQ) For Its Dividend?

Jan 05

Are Investors Undervaluing Smartgroup Corporation Ltd (ASX:SIQ) By 43%?

Dec 24

Is Smartgroup (ASX:SIQ) Likely To Turn Things Around?

Dec 13

Need To Know: Smartgroup Corporation Ltd (ASX:SIQ) Insiders Have Been Buying Shares

Dec 01

Do Fundamentals Have Any Role To Play In Driving Smartgroup Corporation Ltd's (ASX:SIQ) Stock Up Recently?

Nov 20

Shareholder Returns

	SIQ	AU Professional Services	AU Market
7D	0.1%	3.9%	1.5%
1Y	-8.6%	19.6%	17.2%

Return vs Industry: SIQ underperformed the Australian Professional Services industry which returned 19.6% over the past year.

Return vs Market: SIQ underperformed the Australian Market which returned 17.2% over the past year.

Price Volatility

Is SIQ's price volatile compared to industry and market?
SIQ volatility
SIQ Average Weekly Movement	4.4%
Professional Services Industry Average Movement	7.1%
Market Average Movement	8.6%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.4%

Stable Share Price: SIQ has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: SIQ's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1999	835	Scott Wharton	www.smartgroup.com.au

Smartgroup Corporation Ltd provides employee management services in Australia. The company operates through three segments: Outsourced Administration (OA); Vehicle Services (VS); and Software, Distribution, and Group Services (SDGS) segments. The Outsourced Administration segment offers outsourced salary packaging services, novated leasing, and outsourced payroll services.

Smartgroup Corporation Ltd Fundamentals Summary

How do Smartgroup's earnings and revenue compare to its market cap?
SIQ fundamental statistics
Market cap	AU$1.01b
Earnings (TTM)	AU$67.24m
Revenue (TTM)	AU$283.48m

15.1x

P/E Ratio

3.6x

P/S Ratio

Is SIQ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SIQ income statement (TTM)
Revenue	AU$283.48m
Cost of Revenue	AU$127.00m
Gross Profit	AU$156.48m
Other Expenses	AU$89.24m
Earnings	AU$67.24m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.52
Gross Margin	55.20%
Net Profit Margin	23.72%
Debt/Equity Ratio	33.2%

How did SIQ perform over the long term?

See historical performance and comparison

Dividends

6.5%

Current Dividend Yield

65%

Payout Ratio

SIQ Stock Overview

Rewards

Risk Analysis

Smartgroup Corporation Ltd Competitors

ASX:MMS

AU$1.0b

ASX:HIT

AU$82.3m

ASX:PPE

AU$85.7m

ASX:ASH

AU$27.4m

Price History & Performance

Recent News & Updates

First half 2024 earnings: EPS and revenues exceed analyst expectations

First half dividend of AU$0.17 announced

Smartgroup Corporation Ltd to Report First Half, 2024 Results on Aug 28, 2024

Independent Non-Executive Chairman recently bought AU$584k worth of stock

Independent Non-Executive Director recently bought AU$100k worth of stock

Returns At Smartgroup (ASX:SIQ) Appear To Be Weighed Down

Recent updates

First half 2024 earnings: EPS and revenues exceed analyst expectations

First half dividend of AU$0.17 announced

Smartgroup Corporation Ltd to Report First Half, 2024 Results on Aug 28, 2024

Independent Non-Executive Chairman recently bought AU$584k worth of stock

Independent Non-Executive Director recently bought AU$100k worth of stock

Returns At Smartgroup (ASX:SIQ) Appear To Be Weighed Down

Some Confidence Is Lacking In Smartgroup Corporation Ltd's (ASX:SIQ) P/E

Upcoming dividend of AU$0.32 per share

Final dividend of AU$0.32 announced

Smartgroup Corporation Ltd, Annual General Meeting, May 08, 2024

Full year 2023 earnings: Revenues in line with analyst expectations

Smartgroup Corporation Ltd to Report Fiscal Year 2023 Results on Feb 21, 2024

Smartgroup Corporation Ltd. Announces Non-Executive Director Changes

Under The Bonnet, Smartgroup's (ASX:SIQ) Returns Look Impressive

Price target increased by 8.2% to AU$9.45

Upcoming dividend of AU$0.15 per share at 5.3% yield

First half 2023 earnings: EPS and revenues exceed analyst expectations

Smartgroup Corporation Ltd Announces Ordinary Fully Paid Dividend for the Six Months Ended June 30, 2023, Payment Date of September 22, 2023

Price target increased by 8.7% to AU$8.07

Smartgroup Corporation Ltd to Report Q2, 2023 Results on Aug 24, 2023

Smartgroup Corporation Ltd Announces the Cessation of Timothy Looi as Director

Price target increased by 11% to AU$7.34

Insufficient new directors

Price target increased by 7.3% to AU$6.78

Full year 2022 earnings released

Price target decreased to AU$6.53

Independent Non-Executive Director recently bought AU$55k worth of stock

Independent Non-Executive Director recently bought AU$59k worth of stock

Smartgroup Corporation Ltd Announces Dividend for the Six Months Ended June 30, 2022, Payable on September 23, 2022

First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Smartgroup Corporation Ltd Announces Appointment of John Prendiville as Deputy Chair and Retirement of Director

Smartgroup Corporation Ltd to Report First Half, 2022 Results on Aug 26, 2022

Price target decreased to AU$8.01

Investor sentiment deteriorated over the past week

Smartgroup Corporation Ltd, Annual General Meeting, May 11, 2022

Upcoming dividend of AU$0.49 per share

Smartgroup Corporation Ltd Announces Final Ordinary Dividend for the Six Months Period Ended December 31, 2021, Payable on March 23, 2022

Full year 2021 earnings: EPS exceeds analyst expectations

Smartgroup Corporation Ltd to Report Fiscal Year 2021 Results on Feb 18, 2022

Price target decreased to AU$8.42

Price target increased to AU$8.86

Investor sentiment improved over the past week

Upcoming dividend of AU$0.17 per share

First half 2021 earnings released: EPS AU$0.20 (vs AU$0.13 in 1H 2020)

An Intrinsic Calculation For Smartgroup Corporation Ltd (ASX:SIQ) Suggests It's 48% Undervalued

Is Smartgroup Corporation Ltd's (ASX:SIQ) 7.2% Dividend Sustainable?

Investors Shouldn't Overlook The Favourable Returns On Capital At Smartgroup (ASX:SIQ)

Have Insiders Been Buying Smartgroup Corporation Ltd (ASX:SIQ) Shares This Year?

Do These 3 Checks Before Buying Smartgroup Corporation Ltd (ASX:SIQ) For Its Upcoming Dividend

Advisor has left the company

Smartgroup Corporation Ltd's (ASX:SIQ) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?

Full year 2020 earnings released: EPS AU$0.32 (vs AU$0.48 in FY 2019)

Revenue and earnings miss expectations

Smartgroup Corporation Ltd, Annual General Meeting, May 12, 2021

Should You Investigate Smartgroup Corporation Ltd (ASX:SIQ) At AU$7.68?

Smartgroup (ASX:SIQ) Has Compensated Shareholders With A Respectable 93% Return On Their Investment

New 90-day high: AU$7.04

Smartgroup Corporation Ltd to Report Fiscal Year 2020 Results on Feb 24, 2021

What Percentage Of Smartgroup Corporation Ltd (ASX:SIQ) Shares Do Insiders Own?