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SPT

Splitit Payments ASX:SPT Stock Report

Last Price

AU$0.25

Market Cap

AU$117.9m

7D

-2.0%

1Y

-56.1%

Updated

07 Aug, 2022

Data

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

SPT Stock Overview

Splitit Payments Ltd, together with its subsidiaries, provides payment solution services in North America, the United Kingdom, Europe, 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$0.25
52 Week HighAU$0.65
52 Week LowAU$0.10
Beta2.43
1 Month Change38.89%
3 Month Change8.70%
1 Year Change-56.14%
3 Year Change-48.45%
5 Year Changen/a
Change since IPO-34.21%

Recent News & Updates

Shareholder Returns

SPTAU ITAU Market
7D-2.0%0.7%1.0%
1Y-56.1%-5.5%-7.9%

Return vs Industry: SPT underperformed the Australian IT industry which returned -5.5% over the past year.

Return vs Market: SPT underperformed the Australian Market which returned -7.9% over the past year.

Price Volatility

Is SPT's price volatile compared to industry and market?
SPT volatility
SPT Average Weekly Movement17.7%
IT Industry Average Movement13.9%
Market Average Movement10.6%
10% most volatile stocks in AU Market17.5%
10% least volatile stocks in AU Market4.7%

Stable Share Price: SPT is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 18% a week.

Volatility Over Time: SPT's weekly volatility (18%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
200880Nandan Shethhttps://www.splitit.com

Splitit Payments Ltd, together with its subsidiaries, provides payment solution services in North America, the United Kingdom, Europe, and Australia. Its solution enables customers to pay for purchases with an existing credit to break payments into bite-sized pieces to pay overtime with no interest, applications, and fees Splitit Payments Ltd 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$81.25m
Earnings (TTM)-US$39.69m
Revenue (TTM)US$10.51m

7.7x

P/S Ratio

-2.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SPT income statement (TTM)
RevenueUS$10.51m
Cost of RevenueUS$1.22m
Gross ProfitUS$9.28m
Other ExpensesUS$48.97m
Earnings-US$39.69m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.084
Gross Margin88.35%
Net Profit Margin-377.74%
Debt/Equity Ratio164.0%

How did SPT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SPT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SPT?

Other financial metrics that can be useful for relative valuation.

SPT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue10.9x
Enterprise Value/EBITDA-4.5x
PEG Ration/a

Price to Sales Ratio vs Peers

How does SPT's PS Ratio compare to its peers?

SPT PS Ratio vs Peers
The above table shows the PS ratio for SPT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.5x
SZL Sezzle
1.3x8.4%AU$213.1m
CCA Change Financial
2.1xn/aAU$23.8m
LBY Laybuy Group Holdings
0.6x41.8%AU$26.8m
EML EML Payments
2x10.5%AU$431.6m
SPT Splitit Payments
7.7x60.5%AU$117.9m

Price-To-Sales vs Peers: SPT is expensive based on its Price-To-Sales Ratio (7.7x) compared to the peer average (1.5x).


Price to Earnings Ratio vs Industry

How does SPT's PE Ratio compare vs other companies in the AU IT Industry?

Price-To-Sales vs Industry: SPT is expensive based on its Price-To-Sales Ratio (7.7x) compared to the Australian IT industry average (2.1x)


Price to Sales Ratio vs Fair Ratio

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

SPT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7.7x
Fair PS Ratio29x

Price-To-Sales vs Fair Ratio: SPT is good value based on its Price-To-Sales Ratio (7.7x) compared to the estimated Fair Price-To-Sales Ratio (29x).


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate SPT's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate SPT's fair value for valuation analysis.


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


73.4%

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 (60.5% per year) is forecast to grow faster than the Australian market (5.7% per year).

High Growth Revenue: SPT's revenue (60.5% 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


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Past Performance

How has Splitit Payments performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-51.7%

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 51.7% 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 (15.5%).


Return on Equity

High ROE: SPT has a negative Return on Equity (-101.28%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Splitit Payments's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: SPT's short term assets ($104.3M) exceed its short term liabilities ($4.9M).

Long Term Liabilities: SPT's short term assets ($104.3M) exceed its long term liabilities ($64.3M).


Debt to Equity History and Analysis

Debt Level: SPT's net debt to equity ratio (90.1%) is considered high.

Reducing Debt: SPT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


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 less than a year of cash runway 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 58.9% each year


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SPT has not reported any payouts.


Discover strong dividend paying companies

Management

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

0.5yrs

Average management tenure


CEO

Nandan Sheth

0.50

Tenure

Mr. Nandan Sheth serves as Managing Director at Splitit Payments Ltd since July 2022, also serves as Chief Executive Officer since February 28, 2022. He served as the President and Chief Operating Officer...


Leadership Team

Experienced Management: SPT's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: SPT's board of directors are not considered experienced ( 1.3 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: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


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
  • Implied Market Cap: AU$117.854m
  • Shares outstanding: 471.42m
  • Website: https://www.splitit.com

Number of Employees


Location

  • Splitit Payments Ltd
  • 16 East 34th 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 Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.