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
Debt/EBITDA: 0.66
Index: 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

$8.60

30 Nov
2023

0.050

OPEN

$8.58

0.58%

HIGH

$8.65

801,301

LOW

$8.52

TARGET
$9.01 4.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
FPR . MMS . SGF .
FNARENA'S MARKET CONSENSUS FORECASTS
SIQ: 1
Title FY21
Actual
FY22
Actual
FY23
Forecast
FY24
Forecast
EPS (cps) xxx 45.3 46.4 xxx
DPS (cps) xxx 46.0 38.5 xxx
EPS Growth xxx - 0.2% 2.4% xxx
DPS Growth xxx - 30.8% - 16.4% xxx
PE Ratio xxx N/A 18.6 xxx
Dividend Yield xxx N/A 4.5% xxx
Div Pay Ratio(%) xxx 101.5% 82.9% xxx

Dividend yield today if purchased 3 years ago: 7.24%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

5.34

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: 07/09 - ex-div 15.5c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx45.3
DPS All xxxxxxxxxxxxxxx46.0
Sales/Revenue xxxxxxxxxxxxxxx224.7 M
Book Value Per Share xxxxxxxxxxxxxxx185.3
Net Operating Cash Flow xxxxxxxxxxxxxxx67.0 M
Net Profit Margin xxxxxxxxxxxxxxx26.16 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx23.21 %
Return on Invested Capital xxxxxxxxxxxxxxx19.66 %
Return on Assets xxxxxxxxxxxxxxx14.44 %
Return on Equity xxxxxxxxxxxxxxx23.21 %
Return on Total Capital xxxxxxxxxxxxxxx28.51 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-26.5 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx4 M
Long Term Debt xxxxxxxxxxxxxxx58 M
Total Debt xxxxxxxxxxxxxxx63 M
Goodwill - Gross xxxxxxxxxxxxxxx273 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx63 M
Price To Book Value xxxxxxxxxxxxxxx2.75

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx14.9 M
Capex % of Sales xxxxxxxxxxxxxxx6.65 %
Cost of Goods Sold xxxxxxxxxxxxxxx103 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx36 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.8

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

25/08/2023

1

Buy

$8.80

2.33%

On Ord Minnett's assessment, Smartgroup Corp's H1 result missed the mark by some -3% because of higher costs. But, the broker argues, the true story is about volume and here growth of 10% has been achieved.

EV penetration is now in excess of 20% of all orders, points out the analyst. Ord Minnett believes EVs will be responsible for higher-than-normal growth rates for novated leasing in the years ahead.

It is the broker's view this favourable EVs and volume story outweighs all other criticisms. Target price lifts to $8.80 from $7.60. Buy. Earnings estimates went up.

FORECAST
Ord Minnett forecasts a full year FY23 dividend of 31.50 cents and EPS of 45.30 cents.
Ord Minnett forecasts a full year FY24 dividend of 33.50 cents and EPS of 47.10 cents.

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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SIQ STOCK CHART