We’ve recently updated our valuation analysis.

Smartpay Holdings Valuation

Is SPY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SPY?

Other financial metrics that can be useful for relative valuation.

SPY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.3x
Enterprise Value/EBITDA27.3x
PEG Ratio1.9x

Price to Earnings Ratio vs Peers

How does SPY's PE Ratio compare to its peers?

The above table shows the PE ratio for SPY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.4x
PPH Pushpay Holdings
41.8x16.8%NZ$1.5b
SDL Solution Dynamics
12.5xn/aNZ$32.1m
A4L Allterco AD
21.9x27.7%лв386.1m
A036800 Nice Information & Telecommunication
5.4x6.5%₩247.8b
SPY Smartpay Holdings
55.8x29.9%NZ$328.8m

Price-To-Earnings vs Peers: SPY is expensive based on its Price-To-Earnings Ratio (55.8x) compared to the peer average (20.4x).


Price to Earnings Ratio vs Industry

How does SPY's PE Ratio compare vs other companies in the Global IT Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a28.0%
n/an/an/a

Price-To-Earnings vs Industry: SPY is expensive based on its Price-To-Earnings Ratio (55.8x) compared to the Global IT industry average (21.7x)


Price to Earnings Ratio vs Fair Ratio

What is SPY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SPY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio55.8x
Fair PE Ratio43.7x

Price-To-Earnings vs Fair Ratio: SPY is expensive based on its Price-To-Earnings Ratio (55.8x) compared to the estimated Fair Price-To-Earnings Ratio (43.7x).


Share Price vs Fair Value

What is the Fair Price of SPY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SPY (NZ$1.34) is trading below our estimate of fair value (NZ$2.51)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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