Smart Metering Systems Past Earnings Performance
Past criteria checks 3/6
Smart Metering Systems's earnings have been declining at an average annual rate of -5.5%, while the Commercial Services industry saw earnings growing at 28.1% annually. Revenues have been growing at an average rate of 7.2% per year. Smart Metering Systems's return on equity is 3.2%, and it has net margins of 10.6%.
Key information
-5.5%
Earnings growth rate
-6.8%
EPS growth rate
| Commercial Services Industry Growth | 27.5% |
| Revenue growth rate | 7.2% |
| Return on equity | 3.2% |
| Net Margin | 10.6% |
| Last Earnings Update | 30 Jun 2023 |
Recent past performance 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 13Smart Metering Systems' (LON:SMS) Shareholders Will Receive A Bigger Dividend Than Last Year
Sep 15Here's What To Make Of Smart Metering Systems' (LON:SMS) Decelerating Rates Of Return
Jul 20Does Smart Metering Systems (LON:SMS) Have A Healthy Balance Sheet?
Jun 15Does Smart Metering Systems (LON:SMS) Deserve A Spot On Your Watchlist?
Mar 15Here's What's Concerning About Smart Metering Systems' (LON:SMS) Returns On Capital
Nov 12Is Smart Metering Systems plc (LON:SMS) Worth UK£9.2 Based On Its Intrinsic Value?
Aug 30Smart Metering Systems (LON:SMS) May Have Issues Allocating Its Capital
Jun 07Are Smart Metering Systems plc (LON:SMS) Investors Paying Above The Intrinsic Value?
May 03The Returns On Capital At Smart Metering Systems (LON:SMS) Don't Inspire Confidence
Feb 18Does This Valuation Of Smart Metering Systems plc (LON:SMS) Imply Investors Are Overpaying?
Jan 09Does Smart Metering Systems (LON:SMS) Have A Healthy Balance Sheet?
Oct 12Here's What's Concerning About Smart Metering Systems' (LON:SMS) Returns On Capital
Sep 15We're Not So Sure You Should Rely on Smart Metering Systems's (LON:SMS) Statutory Earnings
Dec 04Revenue & Expenses Breakdown
How Smart Metering Systems makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 23 | 152 | 16 | 26 | 0 |
| 31 Mar 23 | 144 | 16 | 24 | 0 |
| 31 Dec 22 | 136 | 15 | 21 | 0 |
| 30 Sep 22 | 127 | 11 | 21 | 0 |
| 30 Jun 22 | 119 | 7 | 20 | 0 |
| 31 Mar 22 | 114 | 6 | 19 | 0 |
| 31 Dec 21 | 108 | 4 | 18 | 0 |
| 30 Sep 21 | 104 | 3 | 20 | 0 |
| 30 Jun 21 | 101 | 2 | 22 | 0 |
| 31 Mar 21 | 102 | 98 | 20 | 0 |
| 31 Dec 20 | 103 | 193 | 18 | 0 |
| 30 Sep 20 | 109 | 196 | 18 | 0 |
| 30 Jun 20 | 114 | 198 | 18 | 0 |
| 31 Mar 20 | 114 | 101 | 16 | 0 |
| 31 Dec 19 | 114 | 4 | 14 | 0 |
| 30 Sep 19 | 110 | -1 | 14 | 0 |
| 30 Jun 19 | 106 | -5 | 14 | 0 |
| 31 Mar 19 | 102 | 0 | 14 | 0 |
| 31 Dec 18 | 98 | 4 | 14 | 0 |
| 30 Sep 18 | 94 | 10 | 15 | 0 |
| 30 Jun 18 | 89 | 15 | 16 | 0 |
| 31 Mar 18 | 85 | 15 | 15 | 0 |
| 31 Dec 17 | 80 | 15 | 15 | 0 |
| 30 Sep 17 | 76 | 15 | 13 | 0 |
| 30 Jun 17 | 72 | 16 | 12 | 0 |
| 31 Mar 17 | 69 | 15 | 11 | 0 |
| 31 Dec 16 | 67 | 15 | 11 | 0 |
| 30 Sep 16 | 64 | 16 | 9 | 0 |
| 30 Jun 16 | 60 | 16 | 7 | 0 |
| 31 Mar 16 | 57 | 16 | 7 | 0 |
| 31 Dec 15 | 54 | 15 | 7 | 0 |
| 30 Sep 15 | 52 | 13 | 8 | 0 |
| 30 Jun 15 | 49 | 11 | 10 | 0 |
| 31 Mar 15 | 46 | 10 | 8 | 0 |
| 31 Dec 14 | 42 | 9 | 7 | 0 |
| 30 Sep 14 | 38 | 8 | 9 | 0 |
| 30 Jun 14 | 34 | 7 | 11 | 0 |
| 31 Mar 14 | 31 | 7 | 10 | 0 |
| 31 Dec 13 | 28 | 7 | 9 | 0 |
| 30 Sep 13 | 26 | 6 | 8 | 0 |
| 30 Jun 13 | 25 | 5 | 7 | 0 |
Quality Earnings: SMS has a large one-off loss of £8.2M impacting its last 12 months of financial results to 30th June, 2023.
Growing Profit Margin: SMS's current net profit margins (10.6%) are higher than last year (6.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SMS's earnings have declined by 5.5% per year over the past 5 years.
Accelerating Growth: SMS's earnings growth over the past year (122%) exceeds its 5-year average (-5.5% per year).
Earnings vs Industry: SMS earnings growth over the past year (122%) exceeded the Commercial Services industry 17.2%.
Return on Equity
High ROE: SMS's Return on Equity (3.2%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/04/25 22:18 |
| 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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) |