Smartpay Holdings
Market Cap
NZ$90.2m
Last Updated
2019/12/05 10:33 UTC
Data Sources
Company Financials +
Executive Summary
Smartpay Holdings Limited designs, develops, and implements technology products, services, and software to merchants and retailers.
Snowflake Analysis
Slightly overvalued with limited growth.
Similar Companies
Share Price & News
How has Smartpay Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SPY's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
2.9%
SPY
-4.9%
NZ IT
1.2%
NZ Market
1 Year Return
162.5%
SPY
23.1%
NZ IT
20.5%
NZ Market
Return vs Industry: SPY exceeded the NZ IT industry which returned 23.1% over the past year.
Return vs Market: SPY exceeded the NZ Market which returned 20.5% over the past year.
Shareholder returns
| SPY | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.9% | -4.9% | 1.2% |
| 30 Day | 169.2% | 4.2% | 2.8% |
| 90 Day | 198.3% | 0.5% | 0.3% |
| 1 Year | 162.5%162.5% | 25.4%23.1% | 25.5%20.5% |
| 3 Year | 208.8%208.8% | 61.7%49.6% | 59.0%38.2% |
| 5 Year | 150.0%150.0% | 99.4%75.4% | 94.5%51.2% |
Price Volatility Vs. Market
How volatile is Smartpay Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Smartpay Holdings Limited (NZSE:SPY) Insiders Increased Their Holdings1 month ago | Simply Wall St
Is Smartpay Holdings (NZSE:SPY) Using Debt Sensibly?2 months ago | Simply Wall St
Does The Smartpay Holdings Limited (NZSE:SPY) Share Price Fall With The Market?Valuation
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$0.53) is trading below our estimate of fair value (NZ$2.14)
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 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 (6.9x) compared to the XO IT industry average (2.7x).
Next Steps
Future Growth
How is Smartpay Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
24.7%
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if SPY's forecast earnings growth is above the savings rate (1.3%).
Earnings vs Market: Insufficient data to determine if SPY's earnings are forecast to grow faster than the NZ market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SPY's revenue (24.7% per year) is forecast to grow faster than the NZ market (5% per year).
High Growth Revenue: SPY's revenue (24.7% 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
Next Steps
Past Performance
How has Smartpay Holdings performed over the past 5 years?
-26.7%
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 -26.7% 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 (38.5%).
Return on Equity
High ROE: SPY has a negative Return on Equity (-21.55%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Smartpay Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: SPY's short term assets (NZ$8.8M) do not cover its short term liabilities (NZ$11.9M).
Long Term Liabilities: SPY's short term assets (NZ$8.8M) do not cover its long term liabilities (NZ$26.3M).
Debt to Equity History and Analysis
Debt Level: SPY's debt to equity ratio (217.4%) is considered high.
Reducing Debt: SPY's debt to equity ratio has reduced from 241.2% to 217.4% over the past 5 years.
Debt Coverage: SPY's debt is not well covered by operating cash flow (19.7%).
Interest Coverage: Insufficient data to determine if SPY's interest payments on its debt are well covered by EBIT.
Balance Sheet
Inventory Level: SPY has a high level of physical assets or inventory.
Debt Coverage by Assets: SPY's debt is not covered by short term assets (assets are 0.3x debt).
Next Steps
Dividend
What is Smartpay Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate SPY's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate SPY'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 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
What is the CEO of Smartpay Holdings's salary, the management and board of directors tenure and is there insider trading?
4.8yrs
Average board tenure
CEO
Bradley Gerdis (46yo)
8yrs
Tenure
Mr. Bradley Gavin Gerdis, B.Bus. (Hon), M.Com. has been the Chief Executive Officer of SmartPay Holdings Limited since December 21, 2011 and its Managing Director since March 2012. Mr. Gerdis served as the ...
CEO Compensation Analysis
Compensation vs Market: Bradley's total compensation ($USD0.00) is below average for companies of similar size in the NZ market ($USD65.71K).
Compensation vs Earnings: Bradley's compensation has increased whilst the company is unprofitable.
Board Age and Tenure
4.8yrs
Average Tenure
Experienced Board: SPY's board of directors are considered experienced (4.8 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 3,489,399 |
| Max Price | NZ$0.53 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 399,886 |
| Max Price | NZ$0.19 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Bradley Gerdis (46yo)
CEO, MD & Director
- Tenure: 8yrs
Helen Roderick
Chief Executive Officer of CPSL
- Tenure: 0yrs
Marty Pomeroy
COO & Executive Director
- Tenure: 5.7yrs
Rowena Bowman
Company Secretary
- Tenure: 0yrs
Aidan Murphy
Chief Financial Officer
- Tenure: 0yrs
Board Members
Bill Pulver (59yo)
Independent Director
- Tenure: 1yrs
- Compensation: NZ$16.00k
Bradley Gerdis (46yo)
CEO, MD & Director
- Tenure: 8yrs
Greg Barclay
Non-Executive Chairman
- Tenure: 3.9yrs
- Compensation: NZ$60.00k
Carlos Gil
Non-Executive Director
- Tenure: 1yrs
- Compensation: NZ$17.00k
Marty Pomeroy
COO & Executive Director
- Tenure: 5.7yrs
Matt Turnbull
Independent Director
- Tenure: 6.7yrs
- Compensation: NZ$55.00k
Company Information
Smartpay Holdings Limited's company bio, 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$90.170m
- Shares outstanding: 171.75m
- Website: https://www.smartpayinvestor.com
Number of Employees
Location
- Smartpay Holdings Limited
- 205-209 Wairau Road
- Wairau Valley
- Auckland
- 627
- New Zealand
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SPY | NZSE (New Zealand Stock Exchange) | Yes | Ordinary Shares | NZ | NZD | May 2006 |
| SMP | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | May 2006 |
| SMP | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | May 2006 |
| SMP | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | May 2006 |
Biography
Smartpay Holdings Limited designs, develops, and implements technology products, services, and software to merchants and retailers. It provides payment and data management solutions for retail, business pa ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/05 10:33 |
| End of Day Share Price | 2019/12/04 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.