SMARTGROUP CORPORATION LTD |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.18 AUD | -0.37% |
|
-8.50% | -6.19% |
| May. 08 | Smartgroup Corporation to Seek Acquisitions | CI |
| May. 08 | Transcript : Smartgroup Corporation Ltd - Shareholder/Analyst Call |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 893.3 | 885.3 | 1,003 | 660.7 | 1,132 | 1,063 | - | - |
| Enterprise Value (EV) 1 | 929.3 | 895.1 | 999.7 | 687.8 | 1,164 | 1,096 | 1,078 | 1,054 |
| P/E ratio | 14.6 x | 21.4 x | 17.1 x | 11.3 x | 18.7 x | 14.9 x | 13.4 x | 12.6 x |
| Yield | 6.2% | 5.05% | 4.71% | 6.27% | 3.61% | 5.75% | 6.41% | 6.74% |
| Capitalization / Revenue | 3.58 x | 4.09 x | 4.52 x | 2.94 x | 4.5 x | 3.65 x | 3.42 x | 3.28 x |
| EV / Revenue | 3.72 x | 4.14 x | 4.51 x | 3.06 x | 4.63 x | 3.76 x | 3.46 x | 3.25 x |
| EV / EBITDA | 7.86 x | 9.38 x | 9.71 x | 7.36 x | 11.6 x | 9.54 x | 8.46 x | 7.84 x |
| EV / FCF | 9.09 x | 16 x | 15.3 x | 11.4 x | - | 16.1 x | 13.7 x | 12.5 x |
| FCF Yield | 11% | 6.27% | 6.53% | 8.78% | - | 6.22% | 7.32% | 7.98% |
| Price to Book | 3.3 x | 3.27 x | 3.77 x | 2.75 x | - | 4.16 x | 3.89 x | 3.66 x |
| Nbr of stocks (in thousands) | 128,724 | 129,624 | 129,475 | 129,554 | 129,798 | 129,981 | - | - |
| Reference price 2 | 6.940 | 6.830 | 7.750 | 5.100 | 8.720 | 8.180 | 8.180 | 8.180 |
| Announcement Date | 2/19/20 | 2/24/21 | 2/17/22 | 2/22/23 | 2/20/24 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 249.8 | 216.3 | 221.8 | 224.7 | 251.6 | 291.6 | 311.2 | 324.6 |
| EBITDA 1 | 118.2 | 95.4 | 103 | 93.4 | 100.3 | 114.9 | 127.4 | 134.5 |
| EBIT 1 | 92.7 | 69.77 | 90.58 | 85.73 | 92.4 | 104.4 | 116.7 | 122.7 |
| Operating Margin | 37.1% | 32.26% | 40.84% | 38.15% | 36.72% | 35.79% | 37.49% | 37.8% |
| Earnings before Tax (EBT) 1 | 88.71 | 61.52 | 85.17 | 83.58 | 88.1 | 101 | 114.8 | 122.1 |
| Net income 1 | 61.45 | 41.32 | 58.81 | 58.78 | 61.9 | 71.76 | 80.11 | 85.1 |
| Net margin | 24.6% | 19.11% | 26.52% | 26.16% | 24.6% | 24.61% | 25.74% | 26.21% |
| EPS 2 | 0.4760 | 0.3190 | 0.4540 | 0.4530 | 0.4661 | 0.5480 | 0.6113 | 0.6514 |
| Free Cash Flow 1 | 102.2 | 56.09 | 65.29 | 60.37 | - | 68.23 | 78.88 | 84.12 |
| FCF margin | 40.92% | 25.93% | 29.44% | 26.87% | - | 23.4% | 25.34% | 25.91% |
| FCF Conversion (EBITDA) | 86.49% | 58.79% | 63.39% | 64.64% | - | 59.38% | 61.91% | 62.55% |
| FCF Conversion (Net income) | 166.36% | 135.73% | 111.01% | 102.71% | - | 95.09% | 98.46% | 98.85% |
| Dividend per Share 2 | 0.4300 | 0.3450 | 0.3650 | 0.3200 | 0.3150 | 0.4703 | 0.5246 | 0.5511 |
| Announcement Date | 2/19/20 | 2/24/21 | 2/17/22 | 2/22/23 | 2/20/24 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 S2 | 2025 S1 | 2025 S2 | 2026 S1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 123.9 | - | 112.4 | 113.6 | 111.1 | 116.6 | 135 | 144.4 | 154.2 | 160.5 | 166 | 169.1 |
| EBITDA 1 | 58.96 | - | 53.53 | - | - | 46.61 | 53.29 | 52 | 60.7 | - | - | - |
| EBIT 1 | - | - | 49.3 | 45.52 | 40.21 | 42.72 | 49.09 | 54.01 | 60.86 | 63.25 | 67.22 | 69.05 |
| Operating Margin | - | - | 43.87% | 40.08% | 36.18% | 36.63% | 36.37% | 37.41% | 39.48% | 39.4% | 40.5% | 40.85% |
| Earnings before Tax (EBT) 1 | - | - | 46.35 | 44.67 | 38.91 | 41.64 | 46.46 | 52.06 | 59.13 | 61.92 | 65.89 | 68.23 |
| Net income 1 | - | 26.55 | 32.26 | - | - | - | 32.96 | 31.3 | 38.2 | - | - | - |
| Net margin | - | - | 28.71% | - | - | - | 24.42% | 21.68% | 24.78% | - | - | - |
| EPS 2 | - | 0.2050 | 0.2490 | 0.2380 | 0.2150 | 0.2230 | 0.2431 | 0.2600 | 0.3054 | 0.3307 | 0.3519 | 0.3644 |
| Dividend per Share 2 | 0.2100 | 0.1750 | - | - | - | 0.1550 | - | 0.2410 | 0.2950 | - | - | - |
| Announcement Date | 2/19/20 | 8/19/21 | 2/17/22 | 8/25/22 | 2/22/23 | 8/23/23 | 2/20/24 | - | - | - | - | - |
1AUD in Million2AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 35.9 | 9.72 | - | 27.1 | 31.9 | 33.1 | 14.7 | - |
| Net Cash position 1 | - | - | 3.77 | - | - | - | - | 9.35 |
| Leverage (Debt/EBITDA) | 0.304 x | 0.1019 x | - | 0.2899 x | 0.318 x | 0.2876 x | 0.1155 x | - |
| Free Cash Flow 1 | 102 | 56.1 | 65.3 | 60.4 | - | 68.2 | 78.9 | 84.1 |
| ROE (net income / shareholders' equity) | 28.5% | 23.8% | 25.9% | 24.2% | 26.1% | 28.4% | 30.4% | 30.6% |
| ROA (Net income/ Total Assets) | 17.3% | 14.8% | 17% | 15% | 15.4% | 17.1% | 18.3% | 18.5% |
| Assets 1 | 355.5 | 279.3 | 345.6 | 391 | 403.2 | 420.7 | 436.8 | 458.9 |
| Book Value Per Share 2 | 2.100 | 2.090 | 2.060 | 1.850 | - | 1.970 | 2.100 | 2.230 |
| Cash Flow per Share 2 | 0.8000 | 0.4400 | 0.5300 | 0.5100 | - | 0.5800 | 0.6700 | 0.7100 |
| Capex 1 | 0.88 | 1.15 | 3.61 | 5.77 | - | 13.2 | 12 | 12.5 |
| Capex / Sales | 0.35% | 0.53% | 1.63% | 2.57% | - | 4.53% | 3.85% | 3.87% |
| Announcement Date | 2/19/20 | 2/24/21 | 2/17/22 | 2/22/23 | 2/20/24 | - | - | - |
1AUD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
8.18
AUD
Average target price
10.02
AUD
Spread / Average Target
+22.53%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -6.19% | 705M | |
| +16.32% | 68.73B | |
| +2.75% | 43.66B | |
| -13.99% | 5.18B | |
| +2.05% | 2.2B | |
| -26.04% | 1.86B | |
| +9.87% | 1.61B | |
| +0.80% | 1.42B | |
| -29.32% | 1.17B | |
| -14.43% | 1.12B |
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