SMARTGROUP CORPORATION LTD |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 8.46 AUD | +1.44% |
|
+2.42% | -2.98% |
| 05-08 | Smartgroup Corporation to Seek Acquisitions | CI |
| 05-08 | 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 | 1,107 | - | - |
| Enterprise Value (EV) 1 | 929.3 | 895.1 | 999.7 | 687.8 | 1,164 | 1,135 | 1,121 | 1,106 |
| P/E ratio | 14.6 x | 21.4 x | 17.1 x | 11.3 x | 18.7 x | 15.3 x | 13.9 x | 13.1 x |
| Yield | 6.2% | 5.05% | 4.71% | 6.27% | 3.61% | 5.59% | 6.24% | 6.55% |
| Capitalization / Revenue | 3.58 x | 4.09 x | 4.52 x | 2.94 x | 4.5 x | 3.8 x | 3.52 x | 3.4 x |
| EV / Revenue | 3.72 x | 4.14 x | 4.51 x | 3.06 x | 4.63 x | 3.9 x | 3.57 x | 3.4 x |
| EV / EBITDA | 7.86 x | 9.38 x | 9.71 x | 7.36 x | 11.6 x | 9.95 x | 8.84 x | 8.28 x |
| EV / FCF | 9.09 x | 16 x | 15.3 x | 11.4 x | 19.8 x | 17 x | 14.3 x | 13.4 x |
| FCF Yield | 11% | 6.27% | 6.53% | 8.78% | 5.04% | 5.88% | 6.97% | 7.46% |
| Price to Book | 3.3 x | 3.27 x | 3.77 x | 2.75 x | 4.64 x | 4.26 x | 4.03 x | 3.78 x |
| Nbr of stocks (in thousands) | 128,724 | 129,624 | 129,475 | 129,554 | 129,798 | 130,843 | - | - |
| Reference price 2 | 6.940 | 6.830 | 7.750 | 5.100 | 8.720 | 8.340 | 8.340 | 8.340 |
| Announcement Date | 19/02/20 | 24/02/21 | 17/02/22 | 22/02/23 | 20/02/24 | - | - | - |
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 | 314.2 | 325.5 |
| EBITDA 1 | 118.2 | 95.4 | 103 | 93.4 | 100.3 | 114 | 126.8 | 133.5 |
| EBIT 1 | 92.7 | 69.77 | 90.58 | 85.73 | 92.4 | 103.3 | 116 | 121.6 |
| Operating Margin | 37.1% | 32.26% | 40.84% | 38.15% | 36.72% | 35.5% | 36.93% | 37.37% |
| Earnings before Tax (EBT) 1 | 88.71 | 61.52 | 85.17 | 83.58 | 88.1 | 99.16 | 113.4 | 120.1 |
| Net income 1 | 61.45 | 41.32 | 58.81 | 58.78 | 61.9 | 70.7 | 79.24 | 83.96 |
| Net margin | 24.6% | 19.11% | 26.52% | 26.16% | 24.6% | 24.29% | 25.22% | 25.79% |
| EPS 2 | 0.4760 | 0.3190 | 0.4540 | 0.4530 | 0.4661 | 0.5434 | 0.6020 | 0.6370 |
| Free Cash Flow 1 | 102.2 | 56.09 | 65.29 | 60.37 | 58.71 | 66.71 | 78.12 | 82.55 |
| FCF margin | 40.92% | 25.93% | 29.44% | 26.87% | 23.33% | 22.93% | 24.86% | 25.36% |
| FCF Conversion (EBITDA) | 86.49% | 58.79% | 63.39% | 64.64% | 58.53% | 58.5% | 61.62% | 61.82% |
| FCF Conversion (Net income) | 166.36% | 135.73% | 111.01% | 102.71% | 94.84% | 94.36% | 98.59% | 98.31% |
| Dividend per Share 2 | 0.4300 | 0.3450 | 0.3650 | 0.3200 | 0.3150 | 0.4660 | 0.5207 | 0.5463 |
| Announcement Date | 19/02/20 | 24/02/21 | 17/02/22 | 22/02/23 | 20/02/24 | - | - | - |
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 | 141.6 | 151.6 | 157.9 | 163.2 | 166.1 |
| 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 | 50.39 | 57.8 | 60.05 | 62.55 | 62.93 |
| Operating Margin | - | - | 43.87% | 40.08% | 36.18% | 36.63% | 36.37% | 35.59% | 38.12% | 38.04% | 38.33% | 37.88% |
| Earnings before Tax (EBT) 1 | - | - | 46.35 | 44.67 | 38.91 | 41.64 | 46.46 | 48.44 | 55.94 | 58.58 | 61.07 | 61.91 |
| Net income 1 | - | 26.55 | 32.26 | - | - | - | 32.96 | 31.3 | 38.2 | - | - | - |
| Net margin | - | - | 28.71% | - | - | - | 24.42% | 22.11% | 25.19% | - | - | - |
| EPS 2 | - | 0.2050 | 0.2490 | 0.2380 | 0.2150 | 0.2230 | 0.2431 | 0.2485 | 0.2947 | 0.3084 | 0.3215 | 0.3260 |
| Dividend per Share 2 | 0.2100 | 0.1750 | - | - | - | 0.1550 | - | 0.2410 | 0.2950 | - | - | - |
| Announcement Date | 19/02/20 | 19/08/21 | 17/02/22 | 25/08/22 | 22/02/23 | 23/08/23 | 20/02/24 | - | - | - | - | - |
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 | 27.8 | 13.6 | - |
| Net Cash position 1 | - | - | 3.77 | - | - | - | - | 0.69 |
| Leverage (Debt/EBITDA) | 0.304 x | 0.1019 x | - | 0.2899 x | 0.318 x | 0.2437 x | 0.1073 x | - |
| Free Cash Flow 1 | 102 | 56.1 | 65.3 | 60.4 | 58.7 | 66.7 | 78.1 | 82.5 |
| ROE (net income / shareholders' equity) | 28.5% | 23.8% | 25.9% | 24.2% | 26.1% | 28.2% | 30.5% | 30.4% |
| ROA (Net income/ Total Assets) | 17.3% | 14.8% | 17% | 15% | 15.4% | 16.7% | 18.1% | 18.2% |
| Assets 1 | 355.5 | 279.3 | 345.6 | 391 | 403.2 | 424.4 | 436.8 | 462.1 |
| Book Value Per Share 2 | 2.100 | 2.090 | 2.060 | 1.850 | 1.880 | 1.960 | 2.070 | 2.210 |
| Cash Flow per Share 2 | 0.8000 | 0.4400 | 0.5300 | 0.5100 | 0.5200 | 0.5700 | 0.6700 | 0.6900 |
| Capex 1 | 0.88 | 1.15 | 3.61 | 5.77 | 8.52 | 13.2 | 12 | 12.6 |
| Capex / Sales | 0.35% | 0.53% | 1.63% | 2.57% | 3.39% | 4.53% | 3.81% | 3.87% |
| Announcement Date | 19/02/20 | 24/02/21 | 17/02/22 | 22/02/23 | 20/02/24 | - | - | - |
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
BUY
Number of Analysts
10
Last Close Price
8.46
AUD
Average target price
9.878
AUD
Spread / Average Target
+16.76%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.98% | 728M | |
| +38.00% | 79.51B | |
| +5.37% | 45.16B | |
| -12.30% | 5.2B | |
| -30.51% | 1.75B | |
| +8.49% | 1.49B | |
| +0.52% | 1.4B | |
| -29.63% | 1.1B | |
| -19.11% | 1.06B | |
| +16.58% | 876M |
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