SMARTGROUP CORPORATION LIMITED (SIQ)
Share Price Analysis and Chart

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SIQ - SMARTGROUP CORPORATION LIMITED

Year End: December
GICS Industry Group : Commercial & Professional Services
Index: ASX200 | ASX300 | ALL-ORDS

Smartgroup is an Australian provider of novated leasing, fleet management, salary packaging and payroll services to employers. Founded in 1999, it listed on the ASX in 2014.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.06

05 Dec
2022

-0.050

OPEN

$5.10

-0.98%

HIGH

$5.15

847,788

LOW

$5.01

TARGET
$5.93 17.2% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ECX . MMS . SGF .
FNARENA'S MARKET CONSENSUS FORECASTS
SIQ: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 45.4 48.4 xxx
DPS (cps) xxx 66.5 35.6 xxx
EPS Growth xxx 42.4% 6.6% xxx
DPS Growth xxx 35.7% - 46.5% xxx
PE Ratio xxx N/A 10.5 xxx
Dividend Yield xxx N/A 7.0% xxx
Div Pay Ratio(%) xxx 146.4% 73.5% xxx

Dividend yield today if purchased 3 years ago: 7.36%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

13.01

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 08/09 - ex-div 17c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx45.4
DPS All xxxxxxxxxxxxxxx66.5
Sales/Revenue xxxxxxxxxxxxxxx221.8 M
Book Value Per Share xxxxxxxxxxxxxxx205.4
Net Operating Cash Flow xxxxxxxxxxxxxxx69.4 M
Net Profit Margin xxxxxxxxxxxxxxx26.52 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Capital Employed xxxxxxxxxxxxxxx21.90 %
Return on Invested Capital xxxxxxxxxxxxxxx19.49 %
Return on Assets xxxxxxxxxxxxxxx14.40 %
Return on Equity xxxxxxxxxxxxxxx21.90 %
Return on Total Capital xxxxxxxxxxxxxxx29.83 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx0.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.4

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

24/11/2022

3

Equal-weight

$6.30

24.51%

Morgan Stanley believes that while Smartgroup Corp's renewal of the NSW Health contract to 2028 will be well received by the market, new 2022 guidance will lower forward EPS expectations.

Guidance for $60-61m profit (NPATA) was a miss versus the broker's and the consensus forecast of -5% and -6%, respectively.

While a multiple de-rate has provided some valuation support, the analyst sees limited catalysts for a share price re-rate and maintains an Equal-weight rating. The target of $6.30 is unchanged. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY22 EPS of 46.00 cents.
Morgan Stanley forecasts a full year FY23 EPS of 48.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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SIQ STOCK CHART