ASX:SPZ

Stock Analysis Report

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Executive Summary

Smart Parking Limited designs, develops, and manages parking technology in New Zealand, Australia, the United Kingdom, and internationally. More Details


Snowflake Analysis

Flawless balance sheet with high growth potential.

Share Price & News

How has Smart Parking's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SPZ is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: SPZ's weekly volatility (10%) has been stable over the past year.


Market Performance


7 Day Return

0%

SPZ

2.2%

AU Electronic

-0.3%

AU Market


1 Year Return

-38.8%

SPZ

35.9%

AU Electronic

-1.6%

AU Market

Return vs Industry: SPZ underperformed the Australian Electronic industry which returned 35.9% over the past year.

Return vs Market: SPZ underperformed the Australian Market which returned -1.6% over the past year.


Shareholder returns

SPZIndustryMarket
7 Day0%2.2%-0.3%
30 Day-9.1%8.2%0.5%
90 Day36.4%10.5%10.1%
1 Year-38.8%-38.8%39.3%35.9%1.7%-1.6%
3 Year-30.2%-30.2%132.3%115.9%26.2%10.7%
5 Year-49.1%-50.8%210.5%184.1%68.7%35.5%

Long-Term Price Volatility Vs. Market

How volatile is Smart Parking's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Smart Parking undervalued compared to its fair value and its price relative to the market?

4.12x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: SPZ is unprofitable, so we can't compare its PE Ratio to the XO Electronic industry average.

PE vs Market: SPZ 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 SPZ's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SPZ's PB Ratio (4.1x) is in line with the AU Electronic industry average.


Next Steps

Future Growth

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

3.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPZ is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: SPZ is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SPZ's is expected to become profitable in the next 3 years.

Revenue vs Market: SPZ's revenue (18.9% per year) is forecast to grow faster than the Australian market (5.1% per year).

High Growth Revenue: SPZ's revenue (18.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SPZ's Return on Equity is forecast to be high in 3 years time (25%)


Next Steps

Past Performance

How has Smart Parking performed over the past 5 years?

-23.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPZ is currently unprofitable.

Growing Profit Margin: SPZ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SPZ is unprofitable, and losses have increased over the past 5 years at a rate of 23.8% per year.

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

Earnings vs Industry: SPZ is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-0.9%).


Return on Equity

High ROE: SPZ has a negative Return on Equity (-56.29%), as it is currently unprofitable.


Next Steps

Financial Health

How is Smart Parking's financial position?


Financial Position Analysis

Short Term Liabilities: SPZ's short term assets (A$11.9M) exceed its short term liabilities (A$10.2M).

Long Term Liabilities: SPZ's short term assets (A$11.9M) exceed its long term liabilities (A$11.0M).


Debt to Equity History and Analysis

Debt Level: SPZ is debt free.

Reducing Debt: SPZ had no debt 5 years ago.


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: SPZ has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: SPZ has sufficient cash runway for 2.2 years if free cash flow continues to grow at historical rates of 18.6% each year.


Next Steps

Dividend

What is Smart Parking current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate SPZ'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 SPZ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SPZ'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 SPZ'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?

5.8yrs

Average management tenure


CEO

Paul Gillespie (46 yo)

8yrs

Tenure

AU$532,869

Compensation

Mr. Paul Gillespie has been Chief Executive Officer, Managing Director of Smart Parking Limited since January 7, 2013 and served as its and Joint Company Secretary since November 7, 2016. Mr. Gillespie ser...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD411.29K) is above average for companies of similar size in the Australian market ($USD294.44K).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Paul Gillespie
Group CEO8yrsAU$532.87k0.73%
A$ 388.2k
Richard Ludbrook
Group CFO & Company Secretary9.92yrsAU$266.69k0.30%
A$ 162.1k
John Heard
Chief Technology Officer5.83yrsno datano data
Angela Weusten
Group Marketing Manager3yrsno datano data
Paul Moran
Head of Salesno datano datano data
Angela Saunders
Head of Salesno datano datano data
Peter Coakley
Head of Operations - EMEA5.5yrsno datano data
David Mackie
Global Sales & Marketing Managerno dataAU$67.45kno data

5.8yrs

Average Tenure

Experienced Management: SPZ's management team is seasoned and experienced (5.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Paul Gillespie
Group CEO8yrsAU$532.87k0.73%
A$ 388.2k
Christopher Morris
Non-Executive Chairman7.5yrsAU$72.00kno data
Jeremy King
Independent Board Director8.42yrsAU$54.00k0.18%
A$ 96.0k
Fiona Pearse
Independent Non-Executive Director1.67yrsAU$65.16k0.13%
A$ 69.3k

7.8yrs

Average Tenure

46yo

Average Age

Experienced Board: SPZ's board of directors are considered experienced (7.8 years average tenure).


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

Smart Parking Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Smart Parking Limited
  • Ticker: SPZ
  • Exchange: ASX
  • Founded:
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: AU$53.242m
  • Shares outstanding: 354.95m
  • Website: https://www.smartparking.com

Location

  • Smart Parking Limited
  • 845 Lorimer Street
  • Port Melbourne
  • Victoria
  • 3207
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SPZASX (Australian Securities Exchange)YesOrdinary SharesAUAUDFeb 2011
SPZCHIA (Chi-X Australia)YesOrdinary SharesAUAUDFeb 2011

Biography

Smart Parking Limited designs, develops, and manages parking technology in New Zealand, Australia, the United Kingdom, and internationally. It operates in Technology, Parking Management, and Research and D...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/17 07:03
End of Day Share Price2021/01/15 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.