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SPZ

Smart ParkingASX:SPZ Stock Report

Last Price

AU$0.22

Market Cap

AU$78.2m

7D

0%

1Y

57.1%

Updated

21 Jan, 2022

Data

Company Financials
SPZ fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends0/6

SPZ Stock Overview

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

Price History & Performance

Summary of all time highs, changes and price drops for Smart Parking
Historical stock prices
Current Share PriceAU$0.22
52 Week HighAU$0.27
52 Week LowAU$0.12
Beta1.43
1 Month Change-4.35%
3 Month Change10.00%
1 Year Change57.14%
3 Year Change76.00%
5 Year Change-27.87%
Change since IPO-36.23%

Recent News & Updates

Aug 29
We Think You Should Be Aware Of Some Concerning Factors In Smart Parking's (ASX:SPZ) Earnings

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...

Aug 15
Smart Parking (ASX:SPZ) Might Have The Makings Of A Multi-Bagger

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...

Apr 19
Here's Why Smart Parking (ASX:SPZ) Has A Meaningful Debt Burden

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...

Shareholder Returns

SPZAU ElectronicAU Market
7D0%-3.5%-0.5%
1Y57.1%34.6%8.4%

Return vs Industry: SPZ exceeded the Australian Electronic industry which returned 34.6% over the past year.

Return vs Market: SPZ exceeded the Australian Market which returned 8.4% over the past year.

Price Volatility

Is SPZ's price volatile compared to industry and market?
SPZ volatility
SPZ Average Weekly Movement5.9%
Electronic Industry Average Movement7.3%
Market Average Movement8.6%
10% most volatile stocks in AU Market15.5%
10% least volatile stocks in AU Market3.6%

Stable Share Price: SPZ is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SPZ's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2006n/aPaul Gillespiehttps://www.smartparking.com

Smart Parking Limited designs, develops, and manages parking technology in New Zealand, Australia, the United Kingdom, and internationally. The company operates through Parking Management, Technology, and Research and Development segments. It sells smart city and Internet of Things (IoT) technology, hardware, and software for parking solutions.

Smart Parking Fundamentals Summary

How do Smart Parking's earnings and revenue compare to its market cap?
SPZ fundamental statistics
Market CapAU$78.18m
Earnings (TTM)AU$5.30m
Revenue (TTM)AU$20.68m

14.7x

P/E Ratio

3.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SPZ income statement (TTM)
RevenueAU$20.68m
Cost of RevenueAU$12.63m
Gross ProfitAU$8.04m
ExpensesAU$2.74m
EarningsAU$5.30m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.015
Gross Margin38.89%
Net Profit Margin25.65%
Debt/Equity Ratio16.0%

How did SPZ perform over the long term?

See historical performance and comparison

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SPZ (A$0.22) is trading below our estimate of fair value (A$1.67)

Significantly Below Fair Value: SPZ is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SPZ is good value based on its PE Ratio (14.7x) compared to the Australian Electronic industry average (16.2x).

PE vs Market: SPZ is good value based on its PE Ratio (14.7x) compared to the Australian market (18.8x).


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 (4.5x) is in line with the AU Electronic industry average.


Future Growth

How is Smart Parking forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

47.5%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Smart Parking has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Smart Parking performed over the past 5 years?

-13.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPZ has a large one-off gain of A$2.0M impacting its June 30 2021 financial results.

Growing Profit Margin: SPZ became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SPZ has become profitable over the past 5 years, growing earnings by -13.6% per year.

Accelerating Growth: SPZ has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SPZ has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (178.2%).


Return on Equity

High ROE: SPZ's Return on Equity (30.7%) is considered high.


Financial Health

How is Smart Parking's financial position?


Financial Position Analysis

Short Term Liabilities: SPZ's short term assets (A$20.4M) exceed its short term liabilities (A$10.5M).

Long Term Liabilities: SPZ's short term assets (A$20.4M) exceed its long term liabilities (A$12.1M).


Debt to Equity History and Analysis

Debt Level: SPZ has more cash than its total debt.

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

Debt Coverage: SPZ's debt is well covered by operating cash flow (255%).

Interest Coverage: SPZ's interest payments on its debt are well covered by EBIT (11.3x coverage).


Balance Sheet


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?

4.0yrs

Average management tenure


CEO

Paul Gillespie (47 yo)

9yrs

Tenure

AU$509,953

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 ($USD370.50K) is about average for companies of similar size in the Australian market ($USD291.23K).

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


Leadership Team

Experienced Management: SPZ's management team is considered experienced (4 years average tenure).


Board Members

Experienced Board: SPZ's board of directors are considered experienced (8.8 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 employee growth, exchange listings and data sources


Key Information

  • Name: Smart Parking Limited
  • Ticker: SPZ
  • Exchange: ASX
  • Founded: 2006
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Implied Market Cap: AU$78.176m
  • Shares outstanding: 355.35m
  • Website: https://www.smartparking.com

Location

  • Smart Parking Limited
  • 85 Dundas Place
  • Albert Park
  • Port Melbourne
  • Victoria
  • 3206
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 15:51
End of Day Share Price2022/01/21 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.