Loading...
SPZ logo

Smart Parking LimitedASX:SPZ Stock Report

Market Cap AU$332.3m
Share Price
AU$0.80
AU$1.64
51.2% undervalued intrinsic discount
1Y-1.2%
7D-4.8%
1D
Portfolio Value
View

Smart Parking Limited

ASX:SPZ Stock Report

Market Cap: AU$332.3m

Smart Parking (SPZ) Stock Overview

Engages in the design, development, and management of parking management solutions in New Zealand, Australia, Denmark, Germany, and the United Kingdom. More details

SPZ fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance2/6
Financial Health6/6
Dividends0/6

SPZ Community Fair Values

Create Narrative

See what 40 others think this stock is worth. Follow their fair value or set your own to get alerts.

Smart Parking Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Smart Parking
Historical stock prices
Current Share PriceAU$0.80
52 Week HighAU$1.52
52 Week LowAU$0.73
Beta0.40
1 Month Change-5.88%
3 Month Change-31.03%
1 Year Change-1.23%
3 Year Change226.53%
5 Year Change357.14%
Change since IPO131.88%

Recent News & Updates

Narrative Update Jun 03

SPZ: Higher Future P/E Will Support Attractive Upside Potential

Analysts have trimmed their price target for Smart Parking to A$1.64 from A$1.66, reflecting slightly softer revenue growth and profit margin assumptions, which are partially offset by a modestly higher future P/E multiple. What's in the News No recent company specific news, periodical coverage, or key developments were provided in the available sources for Smart Parking.
Narrative Update May 08

SPZ: Steady Assumptions And Higher P/E Will Support Future Upside

Analysts have kept Smart Parking's A$1.66 price target unchanged, indicating only minor tweaks in assumptions, including a slightly higher discount rate and small adjustments to long term revenue growth, profit margin and future P/E expectations. Valuation Changes Fair Value: The A$1.66 fair value estimate is unchanged, indicating no shift in the overall valuation outcome.
Narrative Update Apr 22

SPZ: Steady Assumptions Will Support Future Upside Potential

Analysts have kept their A$ price target for Smart Parking unchanged, citing consistent assumptions on fair value, discount rate, revenue growth, profit margin and future P/E as the basis for their steady view. Valuation Changes Fair Value: A$1.66 remains unchanged, indicating no revision to the estimated intrinsic value per share.
Narrative Update Apr 08

SPZ: Stable Assumptions Will Support Future Upside Potential

Analysts have kept their A$ price target for Smart Parking unchanged, citing stable fair value, discount rate, revenue growth, profit margin and future P/E assumptions that are effectively consistent with prior estimates. Valuation Changes Fair Value: A$1.66 remains unchanged.
Narrative Update Mar 25

SPZ: Unchanged Assumptions Will Support Further Upside Potential

Analysts have kept their A$ price target for Smart Parking unchanged, citing consistent assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E as the basis for maintaining their view. Valuation Changes Fair Value: A$1.66 remains unchanged, indicating no adjustment to the central valuation estimate.

Recent updates

Narrative Update Jun 03

SPZ: Higher Future P/E Will Support Attractive Upside Potential

Analysts have trimmed their price target for Smart Parking to A$1.64 from A$1.66, reflecting slightly softer revenue growth and profit margin assumptions, which are partially offset by a modestly higher future P/E multiple. What's in the News No recent company specific news, periodical coverage, or key developments were provided in the available sources for Smart Parking.
Narrative Update May 08

SPZ: Steady Assumptions And Higher P/E Will Support Future Upside

Analysts have kept Smart Parking's A$1.66 price target unchanged, indicating only minor tweaks in assumptions, including a slightly higher discount rate and small adjustments to long term revenue growth, profit margin and future P/E expectations. Valuation Changes Fair Value: The A$1.66 fair value estimate is unchanged, indicating no shift in the overall valuation outcome.
Narrative Update Apr 22

SPZ: Steady Assumptions Will Support Future Upside Potential

Analysts have kept their A$ price target for Smart Parking unchanged, citing consistent assumptions on fair value, discount rate, revenue growth, profit margin and future P/E as the basis for their steady view. Valuation Changes Fair Value: A$1.66 remains unchanged, indicating no revision to the estimated intrinsic value per share.
Narrative Update Apr 08

SPZ: Stable Assumptions Will Support Future Upside Potential

Analysts have kept their A$ price target for Smart Parking unchanged, citing stable fair value, discount rate, revenue growth, profit margin and future P/E assumptions that are effectively consistent with prior estimates. Valuation Changes Fair Value: A$1.66 remains unchanged.
Narrative Update Mar 25

SPZ: Unchanged Assumptions Will Support Further Upside Potential

Analysts have kept their A$ price target for Smart Parking unchanged, citing consistent assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E as the basis for maintaining their view. Valuation Changes Fair Value: A$1.66 remains unchanged, indicating no adjustment to the central valuation estimate.
Narrative Update Mar 10

SPZ: Steady Assumptions And Undervalued Outlook Will Support Further Upside

Analysts have kept their A$1.66 price target for Smart Parking unchanged, reflecting steady assumptions on discount rate, revenue growth, profit margins and future P/E multiples. Valuation Changes Fair Value: unchanged at A$1.66, with no revision to the estimated intrinsic value per share.
Narrative Update Feb 23

SPZ: Higher Margins And Lower Future P/E Will Support Further Upside

Analysts have adjusted their price target for Smart Parking from A$1.45 to A$1.66, citing updated assumptions that combine a lower future P/E with slightly higher profit margin expectations and a revised revenue growth outlook. Valuation Changes Fair Value: A$1.45 to A$1.66, indicating a higher assessed value per share based on the updated assumptions.
Narrative Update Feb 09

SPZ: Stable Margins And Higher Future P/E Will Support Further Upside

Analysts have modestly raised their price target on Smart Parking to A$1.45. The change is tied to updated assumptions around discount rates and future P/E, while fair value estimates remain unchanged.
Narrative Update Jan 24

SPZ: Stable Margins And High Future P/E Will Support Upside Potential

Analysts have maintained their price target for Smart Parking at A$1.45, noting only minor adjustments to assumptions regarding the discount rate, revenue growth, profit margin and future P/E that do not significantly alter their overall valuation view. Valuation Changes Fair Value: Unchanged at A$1.45 per share, indicating no shift in the overall price target.
Narrative Update Jan 09

SPZ: Stable Margins And High Future P/E Will Support Upside Potential

Analysts have made only minor technical adjustments to their Smart Parking valuation inputs, leaving the implied fair value steady at A$1.45 and indicating that their core assumptions remain largely unchanged. Valuation Changes Fair Value: Kept steady at A$1.45, with no change in the implied valuation level.
Narrative Update Dec 15

SPZ: Index Inclusion And Stable Margins Will Shape Future Performance

Analysts have modestly raised their price target on Smart Parking to $1.45 per share, citing sustained expectations for robust revenue growth, stable profit margins, and a slightly higher future P/E multiple as key drivers of the projected valuation upside. What's in the News Smart Parking Limited (ASX:SPZ) has been added to the S&P Global BMI Index, which may increase its visibility among global institutional investors and index-tracking funds (Key Developments) Valuation Changes Fair Value: Unchanged at A$1.45 per share, indicating no revision to the central valuation estimate.
Narrative Update Nov 27

SPZ: Index Inclusion And Stable Fundamentals Will Define Upcoming Performance

Analysts have maintained their price target for Smart Parking at $1.45. They cite only negligible model adjustments with an immaterial impact on underlying assumptions.
Narrative Update Nov 13

SPZ: Growth Initiatives And Margin Pressure Will Shape Future Performance

Analysts have raised their fair value estimate for Smart Parking from $1.40 to $1.45. This revision is due to slight adjustments in discount rates and updated profit margin projections.
Narrative Update Oct 30

SPZ: Recent Market Expansion And Acquisition Strategy Will Support Steady Performance

Narrative Update: Analyst Price Target Raised for Smart Parking Analysts have increased their price target for Smart Parking from $1.29 to $1.40. They cite expectations of higher revenue growth, which more than offsets a modestly lower profit margin forecast.
Analysis Article Oct 10

Smart Parking Limited (ASX:SPZ) Looks Just Right With A 25% Price Jump

Smart Parking Limited ( ASX:SPZ ) shares have continued their recent momentum with a 25% gain in the last month alone...
Analysis Article May 09

Earnings Tell The Story For Smart Parking Limited (ASX:SPZ) As Its Stock Soars 26%

Smart Parking Limited ( ASX:SPZ ) shareholders are no doubt pleased to see that the share price has bounced 26% in the...
Analysis Article Mar 25

Smart Parking Limited (ASX:SPZ) Stocks Pounded By 28% But Not Lagging Market On Growth Or Pricing

Smart Parking Limited ( ASX:SPZ ) shareholders won't be pleased to see that the share price has had a very rough month...
Analysis Article Feb 24

We Think You Can Look Beyond Smart Parking's (ASX:SPZ) Lackluster Earnings

Shareholders appeared unconcerned with Smart Parking Limited's ( ASX:SPZ ) lackluster earnings report last week. We...
User avatar
New Narrative Feb 09

Early Success In Denmark Will Support Future Market Expansion

Strategic international expansion and successful acquisitions in Denmark and Europe aim to drive strong revenue growth and improve earnings.
Analysis Article Jan 20

Smart Parking (ASX:SPZ) Might Have The Makings Of A Multi-Bagger

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...
Analysis Article Dec 06

After Leaping 28% Smart Parking Limited (ASX:SPZ) Shares Are Not Flying Under The Radar

Despite an already strong run, Smart Parking Limited ( ASX:SPZ ) shares have been powering on, with a gain of 28% in...
Analysis Article Aug 15

Should You Think About Buying Smart Parking Limited (ASX:SPZ) Now?

While Smart Parking Limited ( ASX:SPZ ) might not have the largest market cap around , it received a lot of attention...
Analysis Article Jul 29

Investors Appear Satisfied With Smart Parking Limited's (ASX:SPZ) Prospects As Shares Rocket 28%

Smart Parking Limited ( ASX:SPZ ) shares have continued their recent momentum with a 28% gain in the last month alone...
Analysis Article Jun 12

Getting In Cheap On Smart Parking Limited (ASX:SPZ) Might Be Difficult

When close to half the companies in the Commercial Services industry in Australia have price-to-sales ratios (or "P/S...
Analysis Article May 01

Should You Investigate Smart Parking Limited (ASX:SPZ) At AU$0.47?

Smart Parking Limited ( ASX:SPZ ), might not be a large cap stock, but it saw a significant share price rise of 45% in...
Analysis Article Feb 16

Market Participants Recognise Smart Parking Limited's (ASX:SPZ) Revenues Pushing Shares 26% Higher

Smart Parking Limited ( ASX:SPZ ) shareholders would be excited to see that the share price has had a great month...
Analysis Article Feb 12

Here's Why Smart Parking (ASX:SPZ) Has Caught The Eye Of Investors

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article Nov 03

It's Unlikely That Smart Parking Limited's (ASX:SPZ) CEO Will See A Huge Pay Rise This Year

Key Insights Smart Parking's Annual General Meeting to take place on 10th of November Total pay for CEO Paul Gillespie...
Analysis Article Oct 18

Investors Will Want Smart Parking's (ASX:SPZ) Growth In ROCE To Persist

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 Sep 22

Here's Why We Think Smart Parking (ASX:SPZ) Is Well Worth Watching

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article Aug 22

When Should You Buy Smart Parking Limited (ASX:SPZ)?

Smart Parking Limited ( ASX:SPZ ), might not be a large cap stock, but it led the ASX gainers with a relatively large...
Analysis Article Feb 15

Returns Are Gaining Momentum At Smart Parking (ASX:SPZ)

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
Analysis Article Nov 11

Shareholders May Not Be So Generous With Smart Parking Limited's (ASX:SPZ) CEO Compensation And Here's Why

Under the guidance of CEO Paul Gillespie, Smart Parking Limited ( ASX:SPZ ) has performed reasonably well recently. In...
Analysis Article Jun 28

Does Smart Parking (ASX:SPZ) Have A Healthy Balance Sheet?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Analysis Article May 10

Returns At Smart Parking (ASX:SPZ) Are On The Way Up

If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...
Analysis Article Aug 29

We Think You Should Be Aware Of Some Concerning Factors In Smart Parking's (ASX:SPZ) Earnings

Smart Parking Limited's ( ASX:SPZ ) healthy profit numbers didn't contain any surprises for investors. However the...
Analysis Article Aug 15

Smart Parking (ASX:SPZ) Might Have The Makings Of A Multi-Bagger

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...
Analysis Article Apr 19

Here's Why Smart Parking (ASX:SPZ) Has A Meaningful Debt Burden

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Mar 02

We Like These Underlying Trends At Smart Parking (ASX:SPZ)

There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...
Analysis Article Jan 25

How Should Investors Feel About Smart Parking's (ASX:SPZ) CEO Remuneration?

Paul Gillespie has been the CEO of Smart Parking Limited ( ASX:SPZ ) since 2013, and this article will examine the...
Analysis Article Dec 01

We're Hopeful That Smart Parking (ASX:SPZ) Will Use Its Cash Wisely

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...

Shareholder Returns

SPZAU Commercial ServicesAU Market
7D-4.8%2.0%-1.1%
1Y-1.2%-17.5%0.1%

Return vs Industry: SPZ exceeded the Australian Commercial Services industry which returned -17.5% over the past year.

Return vs Market: SPZ underperformed the Australian Market which returned 0.1% over the past year.

Price Volatility

Is SPZ's price volatile compared to industry and market?
SPZ volatility
SPZ Average Weekly Movement8.5%
Commercial Services Industry Average Movement8.8%
Market Average Movement10.2%
10% most volatile stocks in AU Market17.2%
10% least volatile stocks in AU Market4.1%

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

Volatility Over Time: SPZ's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aPaul Gillespiewww.smartparking.com

Smart Parking Limited, together with its subsidiaries, engages in the design, development, and management of parking management solutions in New Zealand, Australia, Denmark, Germany, and the United Kingdom. It operates through Parking Management, Technology, and Research and Development segments. The company provides parking management services for cars using automatic number plate recognition (ANPR) camera systems that are designed to monitor private car parks for businesses.

Smart Parking Limited Fundamentals Summary

How do Smart Parking's earnings and revenue compare to its market cap?
SPZ fundamental statistics
Market capAU$332.25m
Earnings (TTM)AU$5.78m
Revenue (TTM)AU$108.08m
57.4x
P/E Ratio
3.1x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SPZ income statement (TTM)
RevenueAU$108.08m
Cost of RevenueAU$32.25m
Gross ProfitAU$75.83m
Other ExpensesAU$70.05m
EarningsAU$5.78m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.014
Gross Margin70.16%
Net Profit Margin5.35%
Debt/Equity Ratio0%

How did SPZ perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/09 05:50
End of Day Share Price 2026/06/05 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Smart Parking Limited is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Owen HumphriesCanaccord Genuity
Annabelle HoldenCanaccord Genuity
Larry GandlerShaw and Partners Limited