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SPT

Splitit PaymentsASX:SPT Stock Report

Market Cap

AU$187.7m

7D

-2.4%

1Y

-73.6%

Updated

22 Oct, 2021

Data

Company Financials +
SPT fundamental analysis
Snowflake Score
Valuation1/6
Future Growth2/6
Past Performance0/6
Financial Health3/6
Dividends0/6

SPT Overview

Splitit Payments Ltd provides payment solution services in New York, Israel, London, and Australia.

Splitit Payments Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Splitit Payments
Historical stock prices
Current Share PriceAU$0.41
52 Week HighAU$0.33
52 Week LowAU$1.54
Beta2.11
1 Month Change-2.41%
3 Month Change-22.86%
1 Year Change-73.62%
3 Year Changen/a
5 Year Changen/a
Change since IPO6.58%

Recent News & Updates

Sep 22
Splitit Payments (ASX:SPT) Is Using Debt Safely

Splitit Payments (ASX:SPT) Is Using Debt Safely

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

Shareholder Returns

SPTAU ITAU Market
7D-2.4%1.6%0.7%
1Y-73.6%8.6%21.4%

Return vs Industry: SPT underperformed the Australian IT industry which returned 8.6% over the past year.

Return vs Market: SPT underperformed the Australian Market which returned 21.4% over the past year.

Price Volatility

Is SPT's price volatile compared to industry and market?
SPT volatility
SPT Beta2.11
Industry Beta1.68
Market Beta1

Stable Share Price: SPT is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: SPT's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
200880John Harperhttps://www.splitit.com

Splitit Payments Ltd provides payment solution services in New York, Israel, London, and Australia. Its solution enables customers to pay for purchases with an existing debit or credit card by splitting the cost into interest and fee free monthly payments. The company was incorporated in 2008 and is headquartered in New York, New York.

Splitit Payments Fundamentals Summary

How do Splitit Payments's earnings and revenue compare to its market cap?
SPT fundamental statistics
Market CapUS$140.56m
Earnings (TTM)-US$35.26m
Revenue (TTM)US$9.19m

15.5x

P/S Ratio

-4.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SPT income statement (TTM)
RevenueUS$9.19m
Cost of RevenueUS$5.61m
Gross ProfitUS$3.58m
ExpensesUS$38.84m
Earnings-US$35.26m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.075
Gross Margin38.96%
Net Profit Margin-383.93%
Debt/Equity Ratio107.2%

How did SPT perform over the long term?

See historical performance and comparison

Valuation

Is Splitit Payments undervalued compared to its fair value and its price relative to the market?

2.53x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SPT's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SPT's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SPT is unprofitable, so we can't compare its PE Ratio to the Australian IT industry average.

PE vs Market: SPT is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SPT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SPT is good value based on its PB Ratio (2.5x) compared to the AU IT industry average (3.2x).


Future Growth

How is Splitit Payments forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

51.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPT is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SPT is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SPT is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: SPT's revenue (71.5% per year) is forecast to grow faster than the Australian market (5.3% per year).

High Growth Revenue: SPT's revenue (71.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SPT's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Splitit Payments performed over the past 5 years?

-57.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPT is currently unprofitable.

Growing Profit Margin: SPT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SPT is unprofitable, and losses have increased over the past 5 years at a rate of 57.5% per year.

Accelerating Growth: Unable to compare SPT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SPT is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (-11.2%).


Return on Equity

High ROE: SPT has a negative Return on Equity (-62.6%), as it is currently unprofitable.


Financial Health

How is Splitit Payments's financial position?


Financial Position Analysis

Short Term Liabilities: SPT's short term assets ($120.9M) exceed its short term liabilities ($4.3M).

Long Term Liabilities: SPT's short term assets ($120.9M) exceed its long term liabilities ($60.4M).


Debt to Equity History and Analysis

Debt Level: SPT's debt to equity ratio (107.2%) is considered high.

Reducing Debt: Insufficient data to determine if SPT's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: SPT has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: SPT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 72% each year


Dividend

What is Splitit Payments's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SPT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SPT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SPT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SPT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SPT's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.1yrs

Average management tenure


CEO

John Harper (61 yo)

0.17

Tenure

Mr. John T. Harper serves as an Interim Chief Executive Officer at Splitit Payments Ltd since August 31, 2021. He served as Executive Vice President and Chief Operations Officer at Macy's Inc. since Januar...


Leadership Team

Experienced Management: SPT's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

Experienced Board: SPT's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SPT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.2%.


Top Shareholders

Company Information

Splitit Payments Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Splitit Payments Ltd
  • Ticker: SPT
  • Exchange: ASX
  • Founded: 2008
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: AU$187.688m
  • Shares outstanding: 469.22m
  • Website: https://www.splitit.com

Number of Employees


Location

  • Splitit Payments Ltd
  • 27 East 28th Street
  • New York
  • New York
  • 10016
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 07:05
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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 here.