Smart Metering Systems Future Growth

Future criteria checks 3/6

Smart Metering Systems is forecast to grow earnings and revenue by 15.2% and 11.5% per annum respectively. EPS is expected to grow by 15% per annum. Return on equity is forecast to be 4.5% in 3 years.

Key information

15.2%

Earnings growth rate

15.0%

EPS growth rate

Commercial Services earnings growth	15.3%
Revenue growth rate	11.5%
Future return on equity	4.5%
Analyst coverage	Low
Last updated	22 Apr 2024

Recent future growth updates

Recent updates

There Are Reasons To Feel Uneasy About Smart Metering Systems' (LON:SMS) Returns On Capital

Nov 02

Smart Metering Systems (LON:SMS) Is Increasing Its Dividend To £0.0832

Oct 13

Smart Metering Systems' (LON:SMS) Shareholders Will Receive A Bigger Dividend Than Last Year

Sep 15

Here's What To Make Of Smart Metering Systems' (LON:SMS) Decelerating Rates Of Return

Jul 20

Does Smart Metering Systems (LON:SMS) Have A Healthy Balance Sheet?

Jun 15

Does Smart Metering Systems (LON:SMS) Deserve A Spot On Your Watchlist?

Mar 15

Here's What's Concerning About Smart Metering Systems' (LON:SMS) Returns On Capital

Nov 12

Is Smart Metering Systems plc (LON:SMS) Worth UK£9.2 Based On Its Intrinsic Value?

Aug 30

Smart Metering Systems (LON:SMS) May Have Issues Allocating Its Capital

Jun 07

Are Smart Metering Systems plc (LON:SMS) Investors Paying Above The Intrinsic Value?

May 03

The Returns On Capital At Smart Metering Systems (LON:SMS) Don't Inspire Confidence

Feb 18

Does This Valuation Of Smart Metering Systems plc (LON:SMS) Imply Investors Are Overpaying?

Jan 09

Does Smart Metering Systems (LON:SMS) Have A Healthy Balance Sheet?

Oct 12

Here's What's Concerning About Smart Metering Systems' (LON:SMS) Returns On Capital

Sep 15

We're Not So Sure You Should Rely on Smart Metering Systems's (LON:SMS) Statutory Earnings

Dec 04

Earnings and Revenue Growth Forecasts

AIM:SMS - Analysts future estimates and past financials data (GBP Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	200	23	-63	80	2
12/31/2024	184	20	-80	70	2
12/31/2023	158	17	-97	58	2
6/30/2023	152	16	-82	76	N/A
3/31/2023	144	16	-88	70	N/A
12/31/2022	136	15	-94	64	N/A
9/30/2022	127	11	-94	55	N/A
6/30/2022	119	7	-93	46	N/A
3/31/2022	114	6	-71	54	N/A
12/31/2021	108	4	-49	62	N/A
9/30/2021	104	3	-26	65	N/A
6/30/2021	101	2	-4	68	N/A
3/31/2021	102	98	-3	56	N/A
12/31/2020	103	193	-2	44	N/A
9/30/2020	109	196	-20	41	N/A
6/30/2020	114	198	-39	38	N/A
3/31/2020	114	101	-52	40	N/A
12/31/2019	114	4	-66	42	N/A
9/30/2019	110	-1	-70	38	N/A
6/30/2019	106	-5	-74	33	N/A
3/31/2019	102	0	-86	37	N/A
12/31/2018	98	4	-98	40	N/A
9/30/2018	94	10	-109	40	N/A
6/30/2018	89	15	-120	40	N/A
3/31/2018	85	15	-102	40	N/A
12/31/2017	80	15	-85	41	N/A
9/30/2017	76	15	N/A	N/A	N/A
6/30/2017	72	16	-39	38	N/A
3/31/2017	69	15	N/A	35	N/A
12/31/2016	67	15	N/A	31	N/A
9/30/2016	64	16	N/A	N/A	N/A
6/30/2016	60	16	N/A	28	N/A
3/31/2016	57	16	N/A	26	N/A
12/31/2015	54	15	N/A	24	N/A
9/30/2015	52	13	N/A	N/A	N/A
6/30/2015	49	11	N/A	24	N/A
3/31/2015	46	10	N/A	25	N/A
12/31/2014	42	9	N/A	25	N/A
9/30/2014	38	8	N/A	N/A	N/A
6/30/2014	34	7	N/A	13	N/A
3/31/2014	31	7	N/A	10	N/A
12/31/2013	28	7	N/A	7	N/A
9/30/2013	26	6	N/A	9	N/A
6/30/2013	25	5	N/A	10	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SMS's forecast earnings growth (15.2% per year) is above the savings rate (1.6%).

Earnings vs Market: SMS's earnings (15.2% per year) are forecast to grow faster than the UK market (12.2% per year).

High Growth Earnings: SMS's earnings are forecast to grow, but not significantly.

Revenue vs Market: SMS's revenue (11.5% per year) is forecast to grow faster than the UK market (3.4% per year).

High Growth Revenue: SMS's revenue (11.5% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SMS's Return on Equity is forecast to be low in 3 years time (4.5%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/04/25 15:38
End of Day Share Price	2024/04/25 00:00
Earnings	2023/06/30
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Smart Metering Systems plc is covered by 9 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Alexander Brooks	Canaccord Genuity
Ian McInally	Cavendish
Ian McInally	Cavendish Historical (Cenkos Securities)

Smart Metering Systems Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

Smart Metering Systems plc Affirms Earnings Guidance for the Fiscal Year 2023

Price target increased to UK£10.60

Price target increased to UK£9.75

Consensus forecasts updated

Analysts update estimates

Recent updates

Smart Metering Systems Set to Delist from London's AIM Amid Takeover by KKR

Smart Metering Systems Applies for Shares Cancelation on LSE

Smart Metering Systems Provides Delisting Update

Smart Metering Systems plc Affirms Earnings Guidance for the Fiscal Year 2023

Cancellation of Admission to Trading of Smart Metering Systems plc's Shares on AIM Expected on 16 February 2024

Funds advised by Kohlberg Kravis Roberts & Co. L.P. and its affiliates entered into agreement to acquire Smart Metering Systems plc (AIM:SMS) for approximately £1.3 billion.

There Are Reasons To Feel Uneasy About Smart Metering Systems' (LON:SMS) Returns On Capital

Smart Metering Systems (LON:SMS) Is Increasing Its Dividend To £0.0832

Upcoming dividend of UK£0.083 per share at 5.0% yield

First half 2023 earnings released: EPS: UK£0.043 (vs UK£0.034 in 1H 2022)

Smart Metering Systems' (LON:SMS) Shareholders Will Receive A Bigger Dividend Than Last Year

Smart Metering Systems plc Announces Dividend in Respect of 2023 in 4 Instalments, Payment Date Is 26 October 2023, 25 January 2024, 25 April 2024 and 25 July 2024

Smart Metering Systems plc (AIM:SMS) acquired Domestic services division of Evergreen Energy Ltd.

Smart Metering Systems plc Provides Dividend Guidance for the Year 2023

Here's What To Make Of Smart Metering Systems' (LON:SMS) Decelerating Rates Of Return

Upcoming dividend of UK£0.076 per share at 4.4% yield

Smart Metering Systems plc to Report First Half, 2023 Results on Sep 12, 2023

Does Smart Metering Systems (LON:SMS) Have A Healthy Balance Sheet?

Smart Metering Systems plc Announces the Appointment of Mike Winkel as A Non-Executive Director

CEO & Director recently bought UK£120k worth of stock

Upcoming dividend of UK£0.076 per share at 4.0% yield

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Does Smart Metering Systems (LON:SMS) Deserve A Spot On Your Watchlist?

Smart Metering Systems plc to Report Fiscal Year 2022 Results on Mar 14, 2023

Upcoming dividend of UK£0.076 per share

Here's What's Concerning About Smart Metering Systems' (LON:SMS) Returns On Capital

CEO & Director recently bought UK£100k worth of stock

Smart Metering Systems Announces Executive Changes

Upcoming dividend of UK£0.076 per share

First half 2022 earnings released: EPS: UK£0 (vs UK£0.009 in 1H 2021)

Smart Metering Systems plc Proposes Dividend for the Fiscal Year 2022, Payable on 28 October 2022, 26 January 2023, 27 April 2023 and 27 July 2023

Is Smart Metering Systems plc (LON:SMS) Worth UK£9.2 Based On Its Intrinsic Value?

Smart Metering Systems plc to Report First Half, 2022 Results on Sep 13, 2022

Upcoming dividend of UK£0.069 per share

Smart Metering Systems plc (AIM:SMS) acquired 100% stake in N3Rgy Data Limited for £2.2 million.

Smart Metering Systems (LON:SMS) May Have Issues Allocating Its Capital

Are Smart Metering Systems plc (LON:SMS) Investors Paying Above The Intrinsic Value?

Smart Metering Systems plc, Annual General Meeting, May 19, 2022

Upcoming dividend of UK£0.069 per share

CEO & Director recently bought UK£100k worth of stock

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

The Returns On Capital At Smart Metering Systems (LON:SMS) Don't Inspire Confidence

Smart Metering Systems plc to Report Fiscal Year 2021 Results on Mar 15, 2022

Smart Metering Systems plc to Report Fiscal Year 2021 Results on Mar 15, 2022

Does This Valuation Of Smart Metering Systems plc (LON:SMS) Imply Investors Are Overpaying?

Does Smart Metering Systems (LON:SMS) Have A Healthy Balance Sheet?

Upcoming dividend of UK£0.069 per share

First half 2021 earnings released: EPS UK£0.009 (vs UK£1.71 in 1H 2020)

Here's What's Concerning About Smart Metering Systems' (LON:SMS) Returns On Capital

Price target increased to UK£10.60

Price target increased to UK£9.75

Upcoming dividend of UK£0.063 per share

Full year 2020 earnings released: EPS UK£1.72 (vs UK£0.036 in FY 2019)

CFO & Executive Director has left the company

Upcoming dividend of UK£0.063 per share

Consensus forecasts updated

Full year 2020 earnings released

Smart Metering Systems plc Provides Dividend Guidance for 2021

New 90-day high: UK£7.54

Smart Metering Systems plc Announces Two New Domestic Smart Meter Contract Wins

Smart Metering Systems plc Announces CFO Changes

Smart Metering Systems plc to Report Fiscal Year 2020 Results on Mar 16, 2021

New 90-day high: UK£7.25

New 90-day high: UK£6.57

We're Not So Sure You Should Rely on Smart Metering Systems's (LON:SMS) Statutory Earnings

New 90-day low: UK£5.86

Analysts update estimates

Smart Metering Systems plc to Report First Half, 2020 Results on Sep 15, 2020

Funds managed by Equitix Limited completed the acquisition of Crail Meters Limited from Smart Metering Systems plc (AIM:SMS) for approximately £280 million on April 22, 2020.

New 90-day high - UK£6.64