Smart Parking Limited (SPZ) AI Stock Analysis

• Market Cap: €340.43M
• Dividend Yield: N/A
• Average Volume (3M): 378.67K
• Price to Earnings (P/E): 55.0
• Beta (1Y): 0.78
• Revenue Growth: 20.69%
• EPS Growth: -21.76%
• Country: AU
• Employees: N/A
• Sector: Technology
• Sector Strength: 91
• Industry: Software - Application
• EPS (TTM): 0.01
• Shares Outstanding: 410,152,920
• 10 Day Avg. Volume: 280,221
• 30 Day Avg. Volume: 378,665
• PEG Ratio: 0.02
• Price to Book (P/B): 3.77
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 22.31
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €1.37
• Price Target Upside: 65.40% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 68 Neutral
• Price Target: AU$1.00 ▲(20.48%Upside)

Smart Parking Limited's strong financial performance, highlighted by revenue growth and effective cash management, is the most significant factor driving the stock score. However, this is offset by weak technical indicators and an overvalued P/E ratio, which suggest caution. The absence of earnings call and corporate events data limits further insights.

Smart Parking Limited Business Overview & Revenue Model

Company Description

Smart Parking Limited designs, develops, and manages parking technology in New Zealand, Australia, Germany, and the United Kingdom. The company operates through Parking Management, Technology, and Research and Development segments. It sells smart city and Internet of Things (IoT) technology, hardware, and software for parking solutions. It also offers SmartCloud platform, a Web-based service platform that gathers and processes information; Service Packs; Compliance Management Systems; Smart Parking Mobile App, designed for motorists to avail parking spaces, advise of car park conditions and tariffs, and contactless payment; digital guidance signage that provides real-time space availability and car parking capacity information, as well as directions to traffic flow; Vehicle Detection Sensors, which monitor bays and relay live status information to SmartCloud, and provides overhead guidance indicators; and SmartSpot Gateway, an IoT gateway that allows various devices to connect and provide areas of connectivity. The company also provides automatic number plate recognition camera systems; Pay & Walk machines to pay for parking or validate vehicle's presence in the car park; and mobile patrols. It offers parking management solutions to councils and municipalities, parking operators, shopping centers and retail, supermarkets, airports, hospitals and medical centers, and universities and education. The company was formerly known as Car Parking Technologies Limited and changed its name to Smart Parking Limited in July 2013. Smart Parking Limited was incorporated in 2006 and is based in Port Melbourne, Australia.

How the Company Makes Money

Smart Parking Limited generates revenue primarily through the sale and implementation of its parking management systems and solutions. The company offers hardware such as sensors and cameras, software platforms for real-time data analytics and parking management, and maintenance services. Key revenue streams include direct sales of technology solutions to parking operators, subscription fees for software services, and transaction fees from automated payment systems. Additionally, Smart Parking Limited partners with municipalities and private enterprises to integrate its technology into existing infrastructure, which can lead to long-term contracts and recurring revenue. Strategic partnerships and collaborations with real estate developers and urban planners also contribute to its earnings by expanding its market reach and customer base.

Smart Parking Limited Financial Statement Overview

Summary

Smart Parking Limited demonstrates strong financial performance with consistent revenue growth, effective cash management, and a stable balance sheet. The company presents solid profitability, although there are areas to monitor, such as the declining return on equity and net profit margin.

Income Statement

Smart Parking Limited has shown strong revenue growth over the years, with a 20.56% increase from 2023 to 2024. The company maintains healthy gross and net profit margins, demonstrating efficient cost management and profitability. The EBIT and EBITDA margins are also solid, indicating robust operational performance. However, the net profit margin has decreased from the previous year, suggesting potential pressures on net income.

Balance Sheet

The company's balance sheet reflects a stable financial position with a decreasing debt-to-equity ratio, enhancing financial leverage safety. The equity ratio is solid, suggesting a strong equity base relative to total assets. However, the return on equity has decreased, indicating challenges in generating profits from shareholders' investments.

Cash Flow

Smart Parking Limited exhibits impressive growth in free cash flow, with a significant increase of over 100% from 2023 to 2024, indicating effective cash management. The operating cash flow to net income and free cash flow to net income ratios are favorable, reflecting strong cash generation relative to net income. These metrics highlight efficient cash utilization and liquidity.

Breakdown	TTM	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	59.88M	54.45M	45.18M	38.15M	22.71M	21.50M
Gross Profit	35.43M	29.13M	27.54M	22.35M	10.07M	18.07M
EBITDA	13.42M	13.31M	12.31M	7.40M	11.14M	-3.30M
Net Income	5.30M	3.69M	6.38M	959.77K	5.30M	-7.27M
Balance Sheet
Total Assets	62.02M	57.56M	55.97M	49.24M	40.43M	34.14M
Cash, Cash Equivalents and Short-Term Investments	8.48M	7.23M	10.73M	10.82M	11.29M	6.47M
Total Debt	9.87M	10.32M	17.65M	16.81M	14.04M	12.35M
Total Liabilities	29.37M	29.61M	32.27M	31.79M	23.16M	21.21M
Stockholders Equity	32.65M	27.94M	23.70M	17.45M	17.27M	12.92M
Cash Flow
Free Cash Flow	9.84M	8.40M	4.00M	6.32M	5.07M	-2.82M
Operating Cash Flow	15.48M	12.94M	9.29M	10.17M	7.05M	-336.21K
Investing Cash Flow	-12.68M	-12.85M	-5.70M	-6.00M	-2.04M	-2.48M
Financing Cash Flow	-4.31M	-4.20M	-4.01M	-3.85M	-274.24K	-1.61M

Smart Parking Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.83
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SPZ, the sentiment is Neutral. The current price of 0.83 is below the 20-day moving average (MA) of 0.84, below the 50-day MA of 0.85, and below the 200-day MA of 0.83, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 49.65 is Neutral, neither overbought nor oversold. The STOCH value of 36.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:SPZ.

Smart Parking Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SPZ	68 Neutral	€340.43M	54.97	18.16%	―	20.69%	-21.76%
Sector *	63 Neutral	$34.72B	5.19	-11.20%	1.67%	5.59%	-16.73%
D6Y	―	€13.49M	―	-49.41%	―	―	―
VIG	56 Neutral	AU$32.61M	―	-13.67%	―	-18.79%	-28.57%
YOJ	49 Neutral	AU$160.49M	―	-212.47%	―	-54.10%	82.31%
AMX	48 Neutral	AU$21.85M	―	-24.21%	―	-11.35%	-49.13%
HTG	40 Underperform	AU$12.73M	―		―	0.82%	-58.82%

Smart Parking Limited Corporate Events

Smart Parking Limited Expands US Market Presence with Strategic Acquisition

Smart Parking Limited has demonstrated significant growth in revenues and profitability over the past five years, driven by both organic expansion and strategic acquisitions, including the recent acquisition of Peak Parking in the USA. This acquisition enhances their market presence in key states such as Texas, Florida, Georgia, Tennessee, and Washington State, positioning the company for further growth and strengthening its industry position.

The most recent analyst rating on (AU:SPZ) stock is a Buy with a A$1.10 price target. To see the full list of analyst forecasts on Smart Parking Limited stock, see the AU:SPZ Stock Forecast page.