Smartgroup Past Earnings Performance
Past criteria checks 3/6
Smartgroup has been growing earnings at an average annual rate of 10.4%, while the Professional Services industry saw earnings growing at 12.2% annually. Revenues have been growing at an average rate of 9.9% per year. Smartgroup's return on equity is 28.7%, and it has net margins of 24.1%.
Key information
10.38%
Earnings growth rate
10.33%
EPS growth rate
| Professional Services Industry Growth | 8.75% |
| Revenue growth rate | 9.87% |
| Return on equity | 28.67% |
| Net Margin | 24.12% |
| Last Earnings Update | 31 Dec 2025 |
Recent past performance updates
Recent updates
Narrative Update • Jun 18
SIQ: EV Incentives And Buyback Plans Will Support A Cautious Overvaluation View
Analysts have modestly raised their Smartgroup price target to A$10.82 from A$10.59, citing updated assumptions on discount rates, revenue growth, profit margins, and future P/E multiples following recent research. What’s in the News for Smartgroup Smartgroup shares are trading near a 52 week high, with recent interest linked to Australian government electric vehicle salary packaging incentives that support demand for the company’s novated leasing services.
New Narrative • Jun 12
Policy Reliance And Execution Risks Will Challenge This Salary Packaging Business
Catalysts About Smartgroup Smartgroup provides salary packaging, novated leasing, and fleet management services to employers and employees in Australia. What are the underlying business or industry changes driving this perspective?Narrative Update • Jun 01
SIQ: Buy Back And Merger Prospects Will Shape A Fairly Valued Outlook
Analysts have revised their Smartgroup price target higher from A$9.46 to A$10.59, citing updated assumptions around revenue growth, profit margins and a higher future P/E multiple following recent research upgrades. What's in the News Smartgroup has announced an on market share buy back of up to A$20 million following the sale of most of its self funded fleet portfolio, as part of a shift toward a capital light fleet model using external funding partnerships, including Volkswagen Financial Services Australia.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...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Smartgroup makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 25 | 329 | 79 | 53 | 0 |
| 30 Sep 25 | 323 | 79 | 51 | 0 |
| 30 Jun 25 | 316 | 79 | 48 | 0 |
| 31 Mar 25 | 311 | 78 | 48 | 0 |
| 31 Dec 24 | 306 | 76 | 47 | 0 |
| 30 Sep 24 | 295 | 71 | 47 | 0 |
| 30 Jun 24 | 283 | 67 | 46 | 0 |
| 31 Mar 24 | 268 | 65 | 42 | 0 |
| 31 Dec 23 | 252 | 62 | 38 | 0 |
| 30 Sep 23 | 240 | 59 | 36 | 0 |
| 30 Jun 23 | 228 | 57 | 34 | 0 |
| 31 Mar 23 | 226 | 58 | 35 | 0 |
| 31 Dec 22 | 225 | 59 | 36 | 0 |
| 30 Sep 22 | 225 | 61 | 34 | 0 |
| 30 Jun 22 | 226 | 63 | 33 | 0 |
| 31 Mar 22 | 224 | 61 | 32 | 0 |
| 31 Dec 21 | 222 | 59 | 31 | 0 |
| 30 Sep 21 | 218 | 55 | 31 | 0 |
| 30 Jun 21 | 214 | 51 | 32 | 0 |
| 31 Mar 21 | 215 | 46 | 32 | 0 |
| 31 Dec 20 | 216 | 41 | 32 | 0 |
| 30 Sep 20 | 226 | 45 | 32 | 0 |
| 30 Jun 20 | 235 | 48 | 32 | 0 |
| 31 Mar 20 | 243 | 55 | 33 | 0 |
| 31 Dec 19 | 250 | 61 | 33 | 0 |
| 30 Sep 19 | 247 | 61 | 33 | 0 |
| 30 Jun 19 | 245 | 61 | 33 | 0 |
| 31 Mar 19 | 243 | 60 | 32 | 0 |
| 31 Dec 18 | 242 | 59 | 32 | 0 |
| 30 Sep 18 | 236 | 56 | 32 | 0 |
| 30 Jun 18 | 230 | 54 | 33 | 0 |
| 31 Mar 18 | 218 | 47 | 32 | 0 |
| 31 Dec 17 | 205 | 41 | 31 | 0 |
| 30 Sep 17 | 195 | 39 | 30 | 0 |
| 30 Jun 17 | 185 | 36 | 28 | 0 |
| 31 Mar 17 | 167 | 34 | 26 | 0 |
| 31 Dec 16 | 148 | 33 | 24 | 0 |
| 30 Sep 16 | 128 | 29 | 21 | 0 |
| 30 Jun 16 | 108 | 24 | 18 | 0 |
| 31 Mar 16 | 100 | 22 | 17 | 0 |
| 31 Dec 15 | 92 | 20 | 16 | 0 |
| 30 Sep 15 | 87 | 17 | 16 | 0 |
| 30 Jun 15 | 83 | 13 | 15 | 0 |
Quality Earnings: SIQ has high quality earnings.
Growing Profit Margin: SIQ's current net profit margins (24.1%) are lower than last year (24.7%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SIQ's earnings have grown by 10.4% per year over the past 5 years.
Accelerating Growth: SIQ's earnings growth over the past year (5.1%) is below its 5-year average (10.4% per year).
Earnings vs Industry: SIQ earnings growth over the past year (5.1%) did not outperform the Professional Services industry 6.7%.
Return on Equity
High ROE: SIQ's Return on Equity (28.7%) is considered high.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/26 01:24 |
| End of Day Share Price | 2026/06/26 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| 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 11 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 |