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SMJ

J. Smart (Contractors) LSE:SMJ Stock Report

Last Price

UK£1.61

Market Cap

UK£65.7m

7D

0%

1Y

27.9%

Updated

27 Jun, 2022

Data

Company Financials
SMJ fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends4/6

SMJ Stock Overview

J. Smart & Co. (Contractors) PLC, together with its subsidiaries, engages in the contracting, developing, and constructing public works, shopping centers, offices, factories, warehouses, local authority, and landlords and private housing projects in the United Kingdom.

J. Smart (Contractors) Competitors

Price History & Performance

Summary of all time highs, changes and price drops for J. Smart (Contractors)
Historical stock prices
Current Share PriceUK£1.61
52 Week HighUK£1.65
52 Week LowUK£1.22
Beta0.053
1 Month Change0%
3 Month Change-0.62%
1 Year Change27.89%
3 Year Change40.79%
5 Year Change45.25%
Change since IPO340.94%

Recent News & Updates

May 28
Here's Why J. Smart (Contractors) (LON:SMJ) Can Manage Its Debt Responsibly

Here's Why J. Smart (Contractors) (LON:SMJ) Can Manage Its Debt Responsibly

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

SMJGB ConstructionGB Market
7D0%3.3%1.8%
1Y27.9%-17.0%-7.3%

Return vs Industry: SMJ exceeded the UK Construction industry which returned -17.6% over the past year.

Return vs Market: SMJ exceeded the UK Market which returned -8.6% over the past year.

Price Volatility

Is SMJ's price volatile compared to industry and market?
SMJ volatility
SMJ Average Weekly Movement0.2%
Construction Industry Average Movement4.0%
Market Average Movement5.5%
10% most volatile stocks in GB Market10.8%
10% least volatile stocks in GB Market2.8%

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.

About the Company

FoundedEmployeesCEOWebsite
1947165David Smarthttps://www.jsmart.co.uk

J. Smart & Co. (Contractors) PLC, together with its subsidiaries, engages in the contracting, developing, and constructing public works, shopping centers, offices, factories, warehouses, local authority, and landlords and private housing projects in the United Kingdom. It also contracts building and civil engineering projects; develops and sells residential properties; develops industrial and commercial properties for lease; provides serviced office spaces; carries out small to medium sized building and civil engineering works for various clients; and offers plumbing support services to the construction companies. J. Smart & Co. (Contractors) PLC was founded in 1947 and is headquartered in Edinburgh, the United Kingdom.

J. Smart (Contractors) Fundamentals Summary

How do J. Smart (Contractors)'s earnings and revenue compare to its market cap?
SMJ fundamental statistics
Market CapUK£65.68m
Earnings (TTM)UK£15.39m
Revenue (TTM)UK£9.81m

4.3x

P/E Ratio

6.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SMJ income statement (TTM)
RevenueUK£9.81m
Cost of RevenueUK£8.42m
Gross ProfitUK£1.39m
Other Expenses-UK£13.99m
EarningsUK£15.39m

Last Reported Earnings

Jan 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.38
Gross Margin14.20%
Net Profit Margin156.81%
Debt/Equity Ratio9.6%

How did SMJ perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

9%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SMJ 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/Revenue3.9x
Enterprise Value/EBITDA18.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does SMJ's PE Ratio compare to its peers?

SMJ PE Ratio vs Peers
The above table shows the PE ratio for SMJ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average121.2x
CTO TClarke
10.3xn/aUK£64.7m
NEXS Nexus Infrastructure
29.4xn/aUK£77.5m
VANL Van Elle Holdings
69.2x48.1%UK£44.3m
BILN Billington Holdings
376.1x53.2%UK£25.6m
SMJ J. Smart (Contractors)
4.3xn/aUK£65.7m

Price-To-Earnings vs Peers: SMJ is good value based on its Price-To-Earnings Ratio (4.3x) compared to the peer average (121.2x).


Price to Earnings Ratio vs Industry

How does SMJ's PE Ratio compare vs other companies in the European Construction Industry?

Price-To-Earnings vs Industry: SMJ is good value based on its Price-To-Earnings Ratio (4.3x) compared to the UK Construction industry average (12.5x)


Price to Earnings Ratio vs Fair Ratio

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

SMJ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio4.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SMJ's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: SMJ (£1.61) is trading above our estimate of fair value (£0.53)

Significantly Below Fair Value: SMJ is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SMJ's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

How is J. Smart (Contractors) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.8%

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.


Discover growth companies

Past Performance

How has J. Smart (Contractors) performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


25.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SMJ has a large one-off gain of £18.3M impacting its January 31 2022 financial results.

Growing Profit Margin: SMJ's current net profit margins are higher than last year (31.5%).


Past Earnings Growth Analysis

Earnings Trend: SMJ's earnings have grown significantly by 25.4% per year over the past 5 years.

Accelerating Growth: SMJ's earnings growth over the past year (267.4%) exceeds its 5-year average (25.4% per year).

Earnings vs Industry: SMJ earnings growth over the past year (267.4%) exceeded the Construction industry 48.2%.


Return on Equity

High ROE: SMJ's Return on Equity (13.1%) is considered low.


Discover strong past performing companies

Financial Health

How is J. Smart (Contractors)'s financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SMJ's short term assets (£49.9M) exceed its short term liabilities (£15.1M).

Long Term Liabilities: SMJ's short term assets (£49.9M) exceed its long term liabilities (£5.4M).


Debt to Equity History and Analysis

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

Reducing Debt: SMJ's debt to equity ratio has reduced from 14.1% to 9.6% over the past 5 years.

Debt Coverage: SMJ's debt is not well covered by operating cash flow (3.9%).

Interest Coverage: SMJ earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is J. Smart (Contractors) current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.01%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SMJ's dividend (2.01%) is higher than the bottom 25% of dividend payers in the UK market (1.88%).

High Dividend: SMJ's dividend (2.01%) is low compared to the top 25% of dividend payers in the UK market (5.18%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (8.8%), SMJ's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (11014.7%), SMJ's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

5.2yrs

Average management tenure


CEO

David Smart (48 yo)

5.17yrs

Tenure

UK£144,000

Compensation

Mr. David William Smart has been Joint Managing Director & Chairman at J. Smart & Co. (Contractors) PLC (also known as Smart J & Co Contractors PLC) since April 27, 2017 and its Director since December 20,...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD177.17K) is below average for companies of similar size in the UK market ($USD335.53K).

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


Leadership Team

Experienced Management: SMJ's management team is seasoned and experienced (5.2 years average tenure).


Board Members

Experienced Board: SMJ's board of directors are considered experienced (9.9 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 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
  • Implied Market Cap: UK£65.679m
  • Shares outstanding: 40.92m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2022/01/31
Annual Earnings2021/07/31


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.