| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 5/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
SPY Overview
Smartpay Holdings Limited designs, develops, and implements technology products, services, and software to merchants and retailers in New Zealand and Australia.
Smartpay Holdings Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$0.85 |
| 52 Week High | NZ$0.61 |
| 52 Week Low | NZ$1.12 |
| Beta | 1.32 |
| 1 Month Change | 18.88% |
| 3 Month Change | 0.59% |
| 1 Year Change | 32.81% |
| 3 Year Change | 349.74% |
| 5 Year Change | 525.00% |
| Change since IPO | -42.57% |
Recent News & Updates
Smartpay Holdings (NZSE:SPY) Is Carrying A Fair Bit Of Debt
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Have Insiders Been Buying Smartpay Holdings Limited (NZSE:SPY) Shares?
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly...
Shareholder Returns
| SPY | NZ IT | NZ Market | |
|---|---|---|---|
| 7D | -4.5% | 1.3% | 0.4% |
| 1Y | 32.8% | 7.3% | 2.1% |
Return vs Industry: SPY exceeded the NZ IT industry which returned 7.3% over the past year.
Return vs Market: SPY exceeded the NZ Market which returned 2.1% over the past year.
Price Volatility
| SPY volatility | |
|---|---|
| SPY Beta | 1.32 |
| Industry Beta | 1.66 |
| Market Beta | 1 |
Stable Share Price: SPY is not significantly more volatile than the rest of NZ stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: SPY's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1986 | 177 | Marty Pomeroy | https://www.smartpay.co.nz |
Smartpay Holdings Limited designs, develops, and implements technology products, services, and software to merchants and retailers in New Zealand and Australia. It provides payment and data management solutions for retail, business payment, and transactional processing requirements. The company also engages in selling Eftpos terminals; and provides hardware, software, and maintenance and repairs services.
Smartpay Holdings Fundamentals Summary
| SPY fundamental statistics | |
|---|---|
| Market Cap | NZ$202.54m |
| Earnings (TTM) | -NZ$15.20m |
| Revenue (TTM) | NZ$33.85m |
6.0x
P/S Ratio-13.3x
P/E RatioIs SPY overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SPY income statement (TTM) | |
|---|---|
| Revenue | NZ$33.85m |
| Cost of Revenue | NZ$26.01m |
| Gross Profit | NZ$7.84m |
| Expenses | NZ$23.04m |
| Earnings | -NZ$15.20m |
Last Reported Earnings
Mar 31, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.064 |
| Gross Margin | 23.15% |
| Net Profit Margin | -44.91% |
| Debt/Equity Ratio | 65.7% |
How did SPY perform over the long term?
See historical performance and comparisonValuation
Is Smartpay Holdings 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: SPY (NZ$0.85) is trading below our estimate of fair value (NZ$2.37)
Significantly Below Fair Value: SPY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SPY is unprofitable, so we can't compare its PE Ratio to the Oceanic IT industry average.
PE vs Market: SPY is unprofitable, so we can't compare its PE Ratio to the NZ market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SPY's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SPY is overvalued based on its PB Ratio (7.4x) compared to the XO IT industry average (3.4x).
Future Growth
How is Smartpay Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
50.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SPY is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.1%).
Earnings vs Market: SPY is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: SPY's is expected to become profitable in the next 3 years.
Revenue vs Market: SPY's revenue (28.8% per year) is forecast to grow faster than the NZ market (5.3% per year).
High Growth Revenue: SPY's revenue (28.8% 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 SPY's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Smartpay Holdings performed over the past 5 years?
-74.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SPY is currently unprofitable.
Growing Profit Margin: SPY is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SPY is unprofitable, and losses have increased over the past 5 years at a rate of 74.4% per year.
Accelerating Growth: Unable to compare SPY's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SPY is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (1.9%).
Return on Equity
High ROE: SPY has a negative Return on Equity (-55.2%), as it is currently unprofitable.
Financial Health
How is Smartpay Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: SPY's short term assets (NZ$18.1M) do not cover its short term liabilities (NZ$19.1M).
Long Term Liabilities: SPY's short term assets (NZ$18.1M) exceed its long term liabilities (NZ$11.2M).
Debt to Equity History and Analysis
Debt Level: SPY's debt to equity ratio (65.7%) is considered high.
Reducing Debt: SPY's debt to equity ratio has reduced from 238% to 65.7% 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: Whilst unprofitable SPY has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: SPY is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 15.2% per year.
Dividend
What is Smartpay Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SPY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SPY'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 SPY's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SPY'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 SPY's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.9yrs
Average management tenure
CEO
Marty Pomeroy
1.08yrs
Tenure
NZ$788,000
Compensation
Mr. Martyn Richard Pomeroy, also known as Marty, serves as Chief Executive Officer & Managing Director at Smartpay Holdings Limited since September 1, 2020. He served as Chief Operating Officer at SmartPay...
CEO Compensation Analysis
Compensation vs Market: Marty's total compensation ($USD562.54K) is above average for companies of similar size in the NZ market ($USD375.58K).
Compensation vs Earnings: Marty's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: SPY's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Members
Experienced Board: SPY's board of directors are considered experienced (5.8 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.8%.
Top Shareholders
Company Information
Smartpay Holdings Limited's employee growth, exchange listings and data sources
Key Information
- Name: Smartpay Holdings Limited
- Ticker: SPY
- Exchange: NZSE
- Founded: 1986
- Industry: Data Processing and Outsourced Services
- Sector: Software
- Market Cap: NZ$202.542m
- Shares outstanding: 238.28m
- Website: https://www.smartpay.co.nz
Number of Employees
Location
- Smartpay Holdings Limited
- 205-209 Wairau Road
- Wairau Valley
- Auckland
- 627
- New Zealand
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/24 06:01 |
| End of Day Share Price | 2021/10/22 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2021/03/31 |
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.