| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | AU$0.25 |
| 52 Week High | AU$0.57 |
| 52 Week Low | AU$0.10 |
| Beta | 2.43 |
| 1 Month Change | 47.06% |
| 3 Month Change | -7.41% |
| 1 Year Change | -56.14% |
| 3 Year Change | -42.53% |
| 5 Year Change | n/a |
| Change since IPO | -34.21% |
Recent News & Updates
Shareholder Returns
| SPT | AU IT | AU Market | |
|---|---|---|---|
| 7D | 0% | -5.6% | 0.7% |
| 1Y | -56.1% | -11.4% | -8.5% |
Return vs Industry: SPT underperformed the Australian IT industry which returned -11.4% over the past year.
Return vs Market: SPT underperformed the Australian Market which returned -8.5% over the past year.
Price Volatility
| SPT volatility | |
|---|---|
| SPT Average Weekly Movement | 16.6% |
| IT Industry Average Movement | 13.8% |
| Market Average Movement | 10.6% |
| 10% most volatile stocks in AU Market | 18.0% |
| 10% least volatile stocks in AU Market | 4.6% |
Stable Share Price: SPT is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 17% a week.
Volatility Over Time: SPT's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of Australian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2008 | 80 | Nandan Sheth | https://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
| SPT fundamental statistics | |
|---|---|
| Market Cap | US$83.71m |
| Earnings (TTM) | -US$39.69m |
| Revenue (TTM) | US$10.51m |
8.0x
P/S Ratio-2.1x
P/E RatioIs SPT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SPT income statement (TTM) | |
|---|---|
| Revenue | US$10.51m |
| Cost of Revenue | US$1.22m |
| Gross Profit | US$9.28m |
| Other Expenses | US$48.97m |
| Earnings | -US$39.69m |
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.084 |
| Gross Margin | 88.35% |
| Net Profit Margin | -377.74% |
| Debt/Equity Ratio | 164.0% |
How did SPT perform over the long term?
See historical performance and comparisonValuation
Is SPT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation 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.
| What is SPT's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$83.71m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 11.3x |
| Enterprise Value/EBITDA | -4.7x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does SPT's PS Ratio compare to its peers?
| SPT PS Ratio vs Peers |
|---|
| Company | PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 1.4x | ||
SZL Sezzle | 1.1x | 9.7% | AU$187.4m |
CCA Change Financial | 2x | n/a | AU$22.0m |
LBY Laybuy Group Holdings | 0.5x | 41.8% | AU$23.3m |
EML EML Payments | 2x | 10.4% | AU$426.0m |
SPT Splitit Payments | 8x | 60.5% | AU$117.9m |
Price-To-Sales vs Peers: SPT is expensive based on its Price-To-Sales Ratio (8x) compared to the peer average (1.4x).
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 (8x) compared to the Australian IT industry average (2x)
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.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 8x |
| Fair PS Ratio | 29.2x |
Price-To-Sales vs Fair Ratio: SPT is good value based on its Price-To-Sales Ratio (8x) compared to the estimated Fair Price-To-Sales Ratio (29.2x).
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
2/6Future 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
0/6Past 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 (11.8%).
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
3/6Financial 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
0/6Dividend 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/13 00:00 |
| End of Day Share Price | 2022/08/12 00:00 |
| Earnings | 2021/12/31 |
| Annual Earnings | 2021/12/31 |
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.