Smartgroup Future Growth
Future criteria checks 2/6
Smartgroup is forecast to grow earnings and revenue by 5.7% and 3.8% per annum respectively. EPS is expected to grow by 5% per annum. Return on equity is forecast to be 30.5% in 3 years.
Key information
5.7%
Earnings growth rate
4.96%
EPS growth rate
| Professional Services earnings growth | 11.4% |
| Revenue growth rate | 3.8% |
| Future return on equity | 30.54% |
| Analyst coverage | Good |
| Last updated | 13 May 2026 |
Recent future growth updates
Recent updates
Narrative Update • Apr 27
SIQ: Dividends And Potential Merger Will Shape A Fairly Valued Outlook
Analysts have nudged their price target for Smartgroup slightly higher to A$9.46 from A$9.44, reflecting small adjustments to assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What's in the News Smartgroup announced a fully franked ordinary dividend of A$0.215 per share for the six months ended 31 December 2025, with an ex date of 5 March 2026, a record date of 6 March 2026, and a payment date of 20 March 2026 (company announcement).Narrative Update • Apr 13
SIQ: Dividends And Potential Merger Will Shape A Balanced Outlook
Analysts have kept Smartgroup's fair value unchanged at A$9.44, with only very small parameter tweaks such as a slightly different discount rate and future P/E assumption, so there is no material change to the overall price target outlook. What's in the News Smartgroup declared a fully franked ordinary dividend of A$0.215 per share for the six months ended December 31, 2025, payable on March 20, 2026, with an ex date of March 5, 2026 and a record date of March 6, 2026 (company announcement).Narrative Update • Mar 30
SIQ: Dividend Payouts And Possible Merger Will Support Future Upside
Analysts have kept their Smartgroup valuation framework broadly unchanged, leaving the implied price target around A$9.44. Small technical adjustments to discount rate, revenue growth, profit margin and future P/E assumptions were largely offsetting.Narrative Update • Mar 16
SIQ: Dividend Income And Potential Merger Will Support Future Upside
Analysts have nudged their Smartgroup price target slightly higher, with fair value moving from A$9.43 to A$9.44 as they refresh assumptions around revenue growth, profit margins and future P/E multiples. What's in the News Smartgroup declared a fully franked ordinary dividend of A$0.215 per share for the six months ended 31 December 2025, with an ex date of 5 March 2026, a record date of 6 March 2026 and payment on 20 March 2026 (company announcement).Narrative Update • Mar 02
SIQ: Fair Outlook Balances Dividend Returns And Potential FleetPartners Merger
Analysts have increased their Smartgroup price target from A$9.12 to A$9.43, reflecting updated assumptions regarding discount rate, revenue growth, profit margins and future P/E multiples. What's in the News Smartgroup declared a fully franked ordinary dividend of A$0.215 per share for the six months ended 31 December 2025, with an ex dividend date of 5 March 2026, a record date of 6 March 2026, and payment scheduled for 20 March 2026 (Key Developments).Analysis Article • Aug 30
The Smartgroup Corporation Ltd (ASX:SIQ) Half-Year Results Are Out And Analysts Have Published New Forecasts
Smartgroup Corporation Ltd ( ASX:SIQ ) missed earnings with its latest interim results, disappointing overly-optimistic...Analysis Article • Aug 29
Smartgroup Corporation Ltd's (ASX:SIQ) Prospects Need A Boost To Lift Shares
Smartgroup Corporation Ltd's ( ASX:SIQ ) price-to-earnings (or "P/E") ratio of 15x might make it look like a buy right...
New Narrative • Mar 13
Expanding Novated Leasing Will Meet Future Electric Vehicle Demand
Targeted digital transformation and enhanced services aim to boost customer acquisition, retention, and revenue from existing clients.Analysis Article • May 01
Returns At Smartgroup (ASX:SIQ) Appear To Be Weighed Down
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Firstly, we'll...Analysis Article • Apr 13
Some Confidence Is Lacking In Smartgroup Corporation Ltd's (ASX:SIQ) P/E
There wouldn't be many who think Smartgroup Corporation Ltd's ( ASX:SIQ ) price-to-earnings (or "P/E") ratio of 21.6x...Analysis Article • Dec 14
Under The Bonnet, Smartgroup's (ASX:SIQ) Returns Look Impressive
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Jun 08
An Intrinsic Calculation For Smartgroup Corporation Ltd (ASX:SIQ) Suggests It's 48% Undervalued
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Smartgroup Corporation...Analysis Article • Apr 12
Is Smartgroup Corporation Ltd's (ASX:SIQ) 7.2% Dividend Sustainable?
Dividend paying stocks like Smartgroup Corporation Ltd ( ASX:SIQ ) tend to be popular with investors, and for good...Analysis Article • Mar 29
Investors Shouldn't Overlook The Favourable Returns On Capital At Smartgroup (ASX:SIQ)
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Mar 16
Have Insiders Been Buying Smartgroup Corporation Ltd (ASX:SIQ) Shares This Year?
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that...Analysis Article • Mar 03
Do These 3 Checks Before Buying Smartgroup Corporation Ltd (ASX:SIQ) For Its Upcoming Dividend
It looks like Smartgroup Corporation Ltd ( ASX:SIQ ) is about to go ex-dividend in the next 4 days. This means that...Analysis Article • Feb 25
Smartgroup Corporation Ltd's (ASX:SIQ) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Most readers would already be aware that Smartgroup's (ASX:SIQ) stock increased significantly by 15% over the past...Analysis Article • Feb 12
Should You Investigate Smartgroup Corporation Ltd (ASX:SIQ) At AU$7.68?
While Smartgroup Corporation Ltd ( ASX:SIQ ) might not be the most widely known stock at the moment, it saw a...Analysis Article • Feb 01
Smartgroup (ASX:SIQ) Has Compensated Shareholders With A Respectable 93% Return On Their Investment
When we invest, we're generally looking for stocks that outperform the market average. And in our experience, buying...Analysis Article • Jan 19
What Percentage Of Smartgroup Corporation Ltd (ASX:SIQ) Shares Do Insiders Own?
If you want to know who really controls Smartgroup Corporation Ltd ( ASX:SIQ ), then you'll have to look at the makeup...Analysis Article • Jan 05
Should You Buy Smartgroup Corporation Ltd (ASX:SIQ) For Its Dividend?
Dividend paying stocks like Smartgroup Corporation Ltd ( ASX:SIQ ) tend to be popular with investors, and for good...Analysis Article • Dec 24
Are Investors Undervaluing Smartgroup Corporation Ltd (ASX:SIQ) By 43%?
In this article we are going to estimate the intrinsic value of Smartgroup Corporation Ltd ( ASX:SIQ ) by estimating...Analysis Article • Dec 13
Is Smartgroup (ASX:SIQ) Likely To Turn Things Around?
There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 384 | 104 | 108 | 124 | 8 |
| 12/31/2027 | 370 | 97 | 102 | 117 | 8 |
| 12/31/2026 | 349 | 87 | 97 | 111 | 8 |
| 12/31/2025 | 329 | 79 | 72 | 98 | N/A |
| 9/30/2025 | 323 | 79 | 74 | 96 | N/A |
| 6/30/2025 | 316 | 79 | 76 | 94 | N/A |
| 3/31/2025 | 311 | 78 | 63 | 86 | N/A |
| 12/31/2024 | 306 | 76 | 49 | 78 | N/A |
| 9/30/2024 | 295 | 71 | 49 | 75 | N/A |
| 6/30/2024 | 283 | 67 | 48 | 72 | N/A |
| 3/31/2024 | 268 | 65 | 52 | 69 | N/A |
| 12/31/2023 | 252 | 62 | 56 | 65 | N/A |
| 9/30/2023 | 240 | 59 | 51 | 60 | N/A |
| 6/30/2023 | 228 | 57 | 45 | 55 | N/A |
| 3/31/2023 | 226 | 58 | 48 | 61 | N/A |
| 12/31/2022 | 225 | 59 | 51 | 66 | N/A |
| 9/30/2022 | 225 | 61 | 50 | 65 | N/A |
| 6/30/2022 | 226 | 63 | 48 | 64 | N/A |
| 3/31/2022 | 224 | 61 | 55 | 67 | N/A |
| 12/31/2021 | 222 | 59 | 61 | 69 | N/A |
| 9/30/2021 | 218 | 55 | 68 | 72 | N/A |
| 6/30/2021 | 214 | 51 | 74 | 75 | N/A |
| 3/31/2021 | 215 | 46 | 65 | 66 | N/A |
| 12/31/2020 | 216 | 41 | 55 | 57 | N/A |
| 9/30/2020 | 226 | 45 | 68 | 72 | N/A |
| 6/30/2020 | 235 | 48 | 81 | 87 | N/A |
| 3/31/2020 | 243 | 55 | 89 | 95 | N/A |
| 12/31/2019 | 250 | 61 | 97 | 103 | N/A |
| 9/30/2019 | 247 | 61 | N/A | 91 | N/A |
| 6/30/2019 | 245 | 61 | N/A | 79 | N/A |
| 3/31/2019 | 243 | 60 | N/A | 67 | N/A |
| 12/31/2018 | 242 | 59 | N/A | 54 | N/A |
| 9/30/2018 | 236 | 56 | N/A | 57 | N/A |
| 6/30/2018 | 230 | 54 | N/A | 59 | N/A |
| 3/31/2018 | 218 | 47 | N/A | 64 | N/A |
| 12/31/2017 | 205 | 41 | N/A | 69 | N/A |
| 9/30/2017 | 195 | 39 | N/A | 62 | N/A |
| 6/30/2017 | 185 | 36 | N/A | 56 | N/A |
| 3/31/2017 | 167 | 34 | N/A | 50 | N/A |
| 12/31/2016 | 148 | 33 | N/A | 45 | N/A |
| 9/30/2016 | 128 | 29 | N/A | 39 | N/A |
| 6/30/2016 | 108 | 24 | N/A | 32 | N/A |
| 3/31/2016 | 100 | 22 | N/A | 29 | N/A |
| 12/31/2015 | 92 | 20 | N/A | 25 | N/A |
| 9/30/2015 | 87 | 17 | N/A | 21 | N/A |
| 6/30/2015 | 83 | 13 | N/A | 16 | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SIQ's forecast earnings growth (5.7% per year) is above the savings rate (3.6%).
Earnings vs Market: SIQ's earnings (5.7% per year) are forecast to grow slower than the Australian market (12% per year).
High Growth Earnings: SIQ's earnings are forecast to grow, but not significantly.
Revenue vs Market: SIQ's revenue (3.8% per year) is forecast to grow slower than the Australian market (6.2% per year).
High Growth Revenue: SIQ's revenue (3.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SIQ's Return on Equity is forecast to be high in 3 years time (30.5%)
Discover growth companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/01 09:43 |
| End of Day Share Price | 2026/06/01 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Smartgroup Corporation Ltd is covered by 10 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Hayden Nicholson | Bell Potter |
| Andrew Hodge | Canaccord Genuity |
| Matthew Nicholas | CGS International |