J. Smart (Contractors)
Market Cap
UK£48.1m
Last Updated
2020/11/28 19:48 UTC
Data Sources
Company Financials
Executive Summary
J. Smart & Co. (Contractors) PLC, together with its subsidiaries, engages in contracting, developing, and constructing public works, shopping centers, offices, factories, warehouses, local authority, and landlords and private housing projects in the United Kingdom. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet, good value and pays a dividend.
Share Price & News
How has J. Smart (Contractors)'s share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SMJ is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 0% a week.
Volatility Over Time: SMJ's weekly volatility (0%) has been stable over the past year.
Market Performance
7 Day Return
0%
SMJ
-0.3%
GB Construction
-0.4%
GB Market
1 Year Return
-4.2%
SMJ
-16.4%
GB Construction
-10.0%
GB Market
Return vs Industry: SMJ exceeded the UK Construction industry which returned -16.7% over the past year.
Return vs Market: SMJ exceeded the UK Market which returned -10.1% over the past year.
Shareholder returns
| SMJ | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -0.3% | -0.4% |
| 30 Day | 0% | 20.6% | 13.6% |
| 90 Day | 0.9% | 11.4% | 6.4% |
| 1 Year | -1.5%-4.2% | -4.9%-16.4% | -6.4%-10.0% |
| 3 Year | 12.7%5.6% | -24.7%-40.2% | 1.6%-10.9% |
| 5 Year | 22.8%8.6% | -16.3%-39.9% | 27.5%-1.5% |
Long-Term Price Volatility Vs. Market
How volatile is J. Smart (Contractors)'s share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
If You Like EPS Growth Then Check Out J. Smart (Contractors) (LON:SMJ) Before It's Too Late1 month ago | Simply Wall St
Is There More Growth In Store For J. Smart (Contractors)'s (LON:SMJ) Returns On Capital?1 month ago | Simply Wall St
The J. Smart (Contractors) (LON:SMJ) Share Price Has Gained 14% And Shareholders Are Hoping For MoreValuation
Is J. Smart (Contractors) 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: SMJ (£1.14) is trading below our estimate of fair value (£2.77)
Significantly Below Fair Value: SMJ is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SMJ is poor value based on its PE Ratio (13.4x) compared to the GB Construction industry average (11.5x).
PE vs Market: SMJ is good value based on its PE Ratio (13.4x) compared to the UK market (21.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SMJ's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SMJ is good value based on its PB Ratio (0.5x) compared to the GB Construction industry average (1.1x).
Next Steps
Future Growth
How is J. Smart (Contractors) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
53.1%
Forecasted Capital Goods 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 J. Smart (Contractors) 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.
Next Steps
- Examine whether J. Smart (Contractors) is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- J. Smart (Contractors) competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
Past Performance
How has J. Smart (Contractors) performed over the past 5 years?
15.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SMJ has a large one-off gain of £2.8M impacting its July 31 2020 financial results.
Growing Profit Margin: SMJ's current net profit margins (21.6%) are lower than last year (41.9%).
Past Earnings Growth Analysis
Earnings Trend: SMJ's earnings have grown by 15% per year over the past 5 years.
Accelerating Growth: SMJ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SMJ had negative earnings growth (-46.1%) over the past year, making it difficult to compare to the Construction industry average (-22.3%).
Return on Equity
High ROE: SMJ's Return on Equity (3.7%) is considered low.
Next Steps
Financial Health
How is J. Smart (Contractors)'s financial position?
Financial Position Analysis
Short Term Liabilities: SMJ's short term assets (£32.7M) exceed its short term liabilities (£13.2M).
Long Term Liabilities: SMJ's short term assets (£32.7M) exceed its long term liabilities (£2.5M).
Debt to Equity History and Analysis
Debt Level: SMJ's debt to equity ratio (10.2%) is considered satisfactory.
Reducing Debt: SMJ's debt to equity ratio has reduced from 14.3% to 10.2% over the past 5 years.
Debt Coverage: SMJ's debt is well covered by operating cash flow (48.1%).
Interest Coverage: SMJ earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is J. Smart (Contractors) current dividend yield, its reliability and sustainability?
2.84%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: SMJ's dividend (2.84%) is higher than the bottom 25% of dividend payers in the UK market (1.72%).
High Dividend: SMJ's dividend (2.84%) is low compared to the top 25% of dividend payers in the UK market (4.94%).
Stability and Growth of Payments
Stable Dividend: SMJ's dividends per share have been stable in the past 10 years.
Growing Dividend: SMJ's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38.1%), SMJ's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.6yrs
Average management tenure
CEO
David Smart (47 yo)
3.58yrs
Tenure
UK£177,000
Compensation
Mr. David William Smart has been Joint Managing Director & Chairman at J. Smart & Co. (Contractors) PLC., since April 27, 2017. Mr. Smart has been a Director of J. Smart & Co. (Contractors) PLC (Also known...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD235.92K) is below average for companies of similar size in the UK market ($USD344.85K).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Joint MD & Chairman | 3.58yrs | UK£177.00k | 30.15% £ 14.5m | |
| Joint MD & Director | 7.83yrs | UK£136.00k | 30.15% £ 14.5m | |
| Company Secretary & Director | 3.58yrs | UK£139.00k | 0.35% £ 170.2k |
3.6yrs
Average Tenure
50yo
Average Age
Experienced Management: SMJ's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Joint MD & Chairman | 3.58yrs | UK£177.00k | 30.15% £ 14.5m | |
| Joint MD & Director | 7.83yrs | UK£136.00k | 30.15% £ 14.5m | |
| Company Secretary & Director | 3.58yrs | UK£139.00k | 0.35% £ 170.2k | |
| Director | 8.83yrs | UK£179.00k | 0.35% £ 170.2k |
5.7yrs
Average Tenure
50yo
Average Age
Experienced Board: SMJ's board of directors are considered experienced (5.7 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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
J. Smart & Co. (Contractors) PLC's company bio, employee growth, exchange listings and data sources
Key Information
- Name: J. Smart & Co. (Contractors) PLC
- Ticker: SMJ
- Exchange: LSE
- Founded: 1947
- Industry: Construction and Engineering
- Sector: Capital Goods
- Market Cap: UK£48.126m
- Shares outstanding: 42.40m
- Website: https://www.jsmart.co.uk
Number of Employees
Location
- J. Smart & Co. (Contractors) PLC
- 28 Cramond Road South
- Edinburgh
- EH4 6AB
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SMJ | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jan 1980 |
Biography
J. Smart & Co. (Contractors) PLC, together with its subsidiaries, engages in contracting, developing, and constructing public works, shopping centers, offices, factories, warehouses, local authority, and l...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/28 19:48 |
| End of Day Share Price | 2020/11/27 00:00 |
| Earnings | 2020/07/31 |
| Annual Earnings | 2020/07/31 |
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.