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SMRT

Smartspace SoftwareAIM:SMRT Stock Report

Market Cap

UK£18.9m

7D

-2.0%

1Y

-25.5%

Updated

30 Nov, 2021

Data

Company Financials +
SMRT fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance0/6
Financial Health5/6
Dividends0/6

SMRT Stock Overview

Smartspace Software Plc, together with its subsidiaries, designs, develops, and sells Software as a Service (Saas) software solutions in the United Kingdom, Australia, and New Zealand.

Price History & Performance

Summary of all time highs, changes and price drops for Smartspace Software
Historical stock prices
Current Share PriceUK£0.73
52 Week HighUK£1.90
52 Week LowUK£0.65
Beta1.81
1 Month Change-18.44%
3 Month Change-48.23%
1 Year Change-25.51%
3 Year Change-24.35%
5 Year Change-47.86%
Change since IPO-75.67%

Recent News & Updates

Jul 01
Shareholders Will Probably Not Have Any Issues With Smartspace Software plc's (LON:SMRT) CEO Compensation

Shareholders Will Probably Not Have Any Issues With Smartspace Software plc's (LON:SMRT) CEO Compensation

Despite strong share price growth of 98% for Smartspace Software plc ( LON:SMRT ) over the last few years, earnings...

Shareholder Returns

SMRTGB ITGB Market
7D-2.0%-1.8%-1.9%
1Y-25.5%29.7%13.8%

Return vs Industry: SMRT underperformed the UK IT industry which returned 27.4% over the past year.

Return vs Market: SMRT underperformed the UK Market which returned 11.6% over the past year.

Price Volatility

Is SMRT's price volatile compared to industry and market?
SMRT volatility
SMRT Average Weekly Movement6.8%
IT Industry Average Movement5.0%
Market Average Movement4.9%
10% most volatile stocks in GB Market9.7%
10% least volatile stocks in GB Market2.6%

Stable Share Price: SMRT is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: SMRT's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200054Frank Beechinor-Collinshttps://www.smartspaceplc.com

Smartspace Software Plc, together with its subsidiaries, designs, develops, and sells Software as a Service (Saas) software solutions in the United Kingdom, Australia, and New Zealand. The company operates through three segments: SwipeOn, Space Connect, and Anders & Kern. It offers solutions, such as desk booking, meeting room management, visitor management, and workplace analytics.

Smartspace Software Fundamentals Summary

How do Smartspace Software's earnings and revenue compare to its market cap?
SMRT fundamental statistics
Market CapUK£18.87m
Earnings (TTM)-UK£2.72m
Revenue (TTM)UK£4.83m

4.4x

P/S Ratio

-7.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SMRT income statement (TTM)
RevenueUK£4.83m
Cost of RevenueUK£1.57m
Gross ProfitUK£3.27m
ExpensesUK£5.99m
Earnings-UK£2.72m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.094
Gross Margin67.56%
Net Profit Margin-56.32%
Debt/Equity Ratio2.8%

How did SMRT perform over the long term?

See historical performance and comparison

Valuation

Is Smartspace Software 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: SMRT (£0.65) is trading below our estimate of fair value (£6.7)

Significantly Below Fair Value: SMRT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SMRT is unprofitable, so we can't compare its PE Ratio to the UK 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 (1.3x) compared to the GB IT industry average (4.2x).


Future Growth

How is Smartspace Software forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

28.0%

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 (0.9%).

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 (28% per year) is forecast to grow faster than the UK market (4.9% per year).

High Growth Revenue: SMRT's revenue (28% 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


Past Performance

How has Smartspace Software performed over the past 5 years?

-53.0%

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 53% 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 (13.9%).


Return on Equity

High ROE: SMRT has a negative Return on Equity (-18.83%), as it is currently unprofitable.


Financial Health

How is Smartspace Software's financial position?


Financial Position Analysis

Short Term Liabilities: SMRT's short term assets (£4.6M) exceed its short term liabilities (£2.8M).

Long Term Liabilities: SMRT's short term assets (£4.6M) exceed its long term liabilities (£414.0K).


Debt to Equity History and Analysis

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

Reducing Debt: SMRT's debt to equity ratio has reduced from 12.4% to 2.8% over the past 5 years.


Balance Sheet


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 sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if SMRT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

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


Dividend Yield vs Market

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

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

5.5yrs

Average management tenure


CEO

Frank Beechinor-Collins (57 yo)

3.33yrs

Tenure

UK£304,000

Compensation

Mr. Francis Beechinor-Collins, also known as Frank, is a Co-founder and Chief Executive Officer of Cadence Performance Limited. He serves as the Chief Executive Officer at Smartspace Software Plc (formerly...


CEO Compensation Analysis

Compensation vs Market: Frank's total compensation ($USD404.41K) is about average for companies of similar size in the UK market ($USD324.25K).

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


Leadership Team

Experienced Management: SMRT's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: SMRT's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SMRT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.


Top Shareholders

Company Information

Smartspace Software plc's 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£18.870m
  • Shares outstanding: 28.94m
  • Website: https://www.smartspaceplc.com

Number of Employees


Location

  • Smartspace Software plc
  • Norderstedt House
  • James Carter Road
  • Bury Saint Edmunds
  • South Yorkshire
  • IP28 7RQ
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 19:03
End of Day Share Price2021/11/30 00:00
Earnings2021/07/31
Annual Earnings2021/01/31


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.