AIM:SMRT

Stock Analysis Report

Executive Summary

Smartspace Software Plc, together with its subsidiaries, provides software, technology, and services in the smart buildings and commercial spaces market in the United Kingdom.


Snowflake Analysis

Mediocre balance sheet with limited growth.

Share Price & News

How has Smartspace Software's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SMRT's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.6%

SMRT

-0.2%

GB IT

0.05%

GB Market


1 Year Return

-66.1%

SMRT

42.8%

GB IT

7.1%

GB Market

Return vs Industry: SMRT underperformed the UK IT industry which returned 42.8% over the past year.

Return vs Market: SMRT underperformed the UK Market which returned 7.1% over the past year.


Shareholder returns

SMRTIndustryMarket
7 Day-1.6%-0.2%0.05%
30 Day-35.8%0.7%-1.7%
90 Day-51.2%8.9%4.1%
1 Year-66.1%-66.1%46.0%42.8%12.6%7.1%
3 Year-80.3%-80.3%122.0%106.8%18.4%3.6%
5 Year-70.2%-70.2%122.9%104.5%35.2%4.2%

Price Volatility Vs. Market

How volatile is Smartspace Software's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Smartspace Software undervalued compared to its fair value and its price relative to the market?

0.34x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SMRT's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SMRT's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SMRT is unprofitable, so we can't compare its PE Ratio to the IT industry average.

PE vs Market: SMRT is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SMRT is good value based on its PB Ratio (0.3x) compared to the GB IT industry average (2.7x).


Next Steps

Future Growth

How is Smartspace Software forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

52.1%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if SMRT's forecast earnings growth is above the savings rate (0.5%).

Earnings vs Market: Insufficient data to determine if SMRT's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SMRT's revenue (52.1% per year) is forecast to grow faster than the UK market (3.5% per year).

High Growth Revenue: SMRT's revenue (52.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SMRT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Smartspace Software performed over the past 5 years?

-30.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SMRT is currently unprofitable.

Growing Profit Margin: SMRT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SMRT is unprofitable, and losses have increased over the past 5 years at a rate of -30.8% per year.

Accelerating Growth: Unable to compare SMRT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SMRT is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (12.3%).


Return on Equity

High ROE: SMRT has a negative Return on Equity (-17.03%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Smartspace Software's financial position?


Financial Position Analysis

Short Term Liabilities: SMRT's short term assets (£7.3M) exceed its short term liabilities (£2.6M).

Long Term Liabilities: SMRT's short term assets (£7.3M) exceed its long term liabilities (£1.3M).


Debt to Equity History and Analysis

Debt Level: SMRT's debt to equity ratio (2.1%) is considered satisfactory.

Reducing Debt: SMRT's debt to equity ratio has increased from 0.02% to 2.1% over the past 5 years.


Balance Sheet

Inventory Level: SMRT has a low level of unsold assets or inventory.

Debt Coverage by Assets: SMRT's debt is covered by short term assets (assets are 17.6x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: SMRT has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SMRT has less than a year of cash runway if free cash flow continues to reduce at historical rates of -9.4% each year


Next Steps

Dividend

What is Smartspace Software's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.8%markettop25%5.1%industryaverage2.0%forecastin3Years0%

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate SMRT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate SMRT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SMRT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SMRT'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 SMRT's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Frank Beechinor-Collins (55yo)

1.7yrs

Tenure

UK£294,000

Compensation

Mr. Francis Beechinor-Collins, also known as Frank, serves as the Chief Executive Officer of Cadence Performance Limited. He serves as the Chief Executive Officer at RedstoneConnect Plc (alternate name: Co ...


CEO Compensation Analysis

Compensation vs Market: Frank's total compensation ($USD378.52K) is about average for companies of similar size in the UK market ($USD321.87K).

Compensation vs Earnings: Frank's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Francis Beechinor-Collins
CEO & Director1.7yrsUK£294.00k0.32% £27.5k
Bruce Morrison
CFO & Director1.3yrsUK£171.71kno data
Spencer Dredge
Chief Operations Officer1.3yrsUK£200.08kno data
Mark Braund
1.7yrsUK£414.00kno data
Keith Jump
Chief Technology Officer3.8yrsno datano data
Lisa Baderoon
Head of Investor Relations)0yrsno datano data
Sharon Butler
Group HR Director5.9yrsno datano data
Jenny Herd
Head of Support/IT and Networks6.6yrsno datano data
Matt Jasinski
Head of Software5.9yrsno datano data
Steven Shears
Head of Customer Service5.9yrsno datano data

3.8yrs

Average Tenure

55yo

Average Age

Experienced Management: SMRT's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Francis Beechinor-Collins
CEO & Director1.7yrsUK£294.00k0.32% £27.5k
Bruce Morrison
CFO & Director1.3yrsUK£171.71kno data
Diana Bartlett
Non-Executive Director6.3yrsUK£44.00k0.14% £12.2k
Guy Christopher Zwanenberg
Non-Executive Chairman1.7yrsUK£57.00k0.11% £9.1k

3.6yrs

Average Tenure

57yo

Average Age

Experienced Board: SMRT's board of directors are considered experienced (3.6 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 been diluted in the past year, with total shares outstanding growing by 2.7%.


Top Shareholders

Company Information

Smartspace Software Plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Smartspace Software Plc
  • Ticker: SMRT
  • Exchange: AIM
  • Founded: 2000
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: UK£8.618m
  • Shares outstanding: 28.26m
  • Website: https://www.smartspaceplc.com

Number of Employees


Location

  • Smartspace Software Plc
  • The Village
  • Building 250
  • London
  • Greater London
  • LU2 8DL
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SMRTAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPMar 2005
DZV2BST (Boerse-Stuttgart)YesOrdinary SharesDEEURMar 2005

Biography

Smartspace Software Plc, together with its subsidiaries, provides software, technology, and services in the smart buildings and commercial spaces market in the United Kingdom. The company operates through three segments: Systems Integration, Managed Services, and Software. It offers smart solutions for offices, buildings, destinations, and cities. The company provides Connect Labs, a software and solutions platform, which engages in the delivery of smart workings, retails, and sports applications for business, employee, and consumer engagement; and OneSpace, a space utilization and occupancy management software solutions that manages within the spaces of real-estate, workspace, and people, as well as provides workplace and desk management, meeting room booking, visitor management and car parking, integrating building management systems, Internet of Things sensors, and access controls. It also offers managed services, such as cloud and hybrid solution, voice and video platform, virtual infrastructure platform, connectivity service, and service desk solution. In addition, the company provides infrastructure and software applications to deliver smart buildings and smart workspace solutions for commercial businesses, public sector organizations, real estate owners, and managers. The company was formerly known as RedstoneConnect Plc and changed its name to Smartspace Software Plc in July 2018. Smartspace Software Plc was founded in 2000 and is based in London, the United Kingdom. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 21:39
End of Day Share Price2020/02/20 00:00
Earnings2019/07/31
Annual Earnings2019/01/31


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.