Smart Parking Limited (SPZ) AI Stock Analysis

• Market Cap: AU$483.65M
• Dividend Yield: N/A
• Average Volume (3M): 745.30K
• Price to Earnings (P/E): 31.6
• Beta (1Y): 0.98
• Revenue Growth: 41.69%
• EPS Growth: 40.95%
• Country: AU
• Employees: N/A
• Sector: Industrials
• Sector Strength: 72
• Industry: Software - Application
• EPS (TTM): 0.01
• Shares Outstanding: 415,152,920
• 10 Day Avg. Volume: 878,987
• 30 Day Avg. Volume: 745,303
• PEG Ratio: 1.67
• Price to Book (P/B): 3.79
• Price to Sales (P/S): 4.30
• P/FCF Ratio: 31.68
• 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: AU$1.68
• Price Target Upside: 47.22% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.03
• Revenue Forecast (FY): AU$120.61M

• Rating: 72 Outperform
• Price Target: AU$1.50 ▲(31.58% Upside)
• Action: Upgraded Date: 11/30/25
• Date: Action: Upgraded 11/30/25

The overall stock score of 71.5 reflects strong technical momentum and solid financial performance, despite high valuation concerns. The stock's upward trend and robust financial health are significant positives, but the high P/E ratio suggests caution. Investors should monitor profitability improvements and valuation adjustments.

Positive Factors

Revenue Growth

Sustained revenue growth of ~29% in the latest year signals strong demand for parking tech and services. Over a multi-quarter horizon this supports scale economics, expands market share potential, and provides a base to invest in product and sales to capture further recurring service revenue.

High Gross Margin

A gross margin above 60% indicates the business captures significant value from its software and service mix. This margin profile provides durable cushioning to absorb SG&A while enabling reinvestment in R&D and sales, supporting long-term margin expansion as revenue scales.

Strong Balance Sheet

Very low leverage and a high equity ratio afford financial flexibility for growth investments or M&A without stressing cash flows. A conservative capital structure reduces refinancing risk and supports multi-quarter resilience through economic cycles or execution lags.

Negative Factors

Low Net Profitability

A 7% net margin shows most revenue growth converts to only modest bottom-line gains, limiting retained earnings for reinvestment. Over several quarters this constrains capacity to self-fund expansion and makes profitability sensitive to rising overhead or competitive pricing pressure.

Cash-Earnings Disconnect

With operating cash at roughly half of reported net income, earnings quality and cash conversion lag. Persisting cash-earnings divergence can strain working capital, limit dividend or buyback optionality, and reduce buffer for strategic investments over the medium term.

Weak Return on Equity / EPS Trend

A modest ROE near 6% and negative recent EPS growth imply returns on shareholder capital are limited and have softened. Unless operational efficiency or pricing improves, capital deployment may not generate compelling shareholder returns over the next several quarters.

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 through multiple streams. Primarily, the company earns money by selling and installing its smart parking technologies, which include sensors, software platforms, and mobile applications. Additionally, SPZ offers subscription services for municipalities and businesses to access its software and analytics tools, providing ongoing revenue. The company may also engage in partnerships with local governments and private entities to implement smart parking solutions, often receiving funding or revenue-sharing agreements in return. Moreover, SPZ can benefit from data monetization, leveraging the analytics gathered from its systems to provide insights to third parties or develop targeted advertising solutions.

Smart Parking Limited Financial Statement Overview

Summary

Smart Parking Limited exhibits strong revenue growth and a solid balance sheet with low leverage. While profitability metrics show room for improvement, the company is generating positive cash flows, supporting its operational and strategic initiatives. Continued focus on enhancing profit margins and aligning cash flows with earnings will be key to sustaining growth and financial health.

Income Statement

Smart Parking Limited has shown strong revenue growth with a 29.15% increase in the latest year, indicating robust demand for its services. The gross profit margin is healthy at 66.61%, reflecting efficient cost management. However, the net profit margin is relatively low at 7.00%, suggesting room for improvement in profitability. The EBIT margin of 10.16% and EBITDA margin of 18.72% are solid, but there is potential to enhance operational efficiency further.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio of 0.12, indicating prudent financial management and low leverage risk. The return on equity is modest at 6.17%, suggesting moderate profitability relative to shareholder equity. The equity ratio of 66.47% highlights a strong capital structure with a significant portion of assets financed by equity.

Cash Flow

Smart Parking Limited has demonstrated positive free cash flow growth of 6.81%, indicating effective cash generation. The operating cash flow to net income ratio of 0.52 suggests that cash flows are not fully aligned with reported earnings, which could be a concern. The free cash flow to net income ratio of 0.59 indicates that a significant portion of earnings is converted into free cash flow, supporting financial flexibility.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	107.96M	77.33M	54.45M	45.18M	38.15M	22.71M
Gross Profit	69.42M	51.51M	29.13M	27.54M	22.35M	10.07M
EBITDA	23.11M	14.48M	13.31M	12.31M	7.40M	11.14M
Net Income	5.78M	5.42M	3.69M	6.38M	959.77K	5.30M
Balance Sheet
Total Assets	132.96M	132.06M	57.56M	55.97M	49.24M	40.43M
Cash, Cash Equivalents and Short-Term Investments	25.47M	21.38M	7.87M	10.73M	10.82M	11.29M
Total Debt	14.48M	10.49M	10.32M	17.65M	16.81M	14.04M
Total Liabilities	42.15M	44.29M	29.61M	32.27M	31.79M	23.16M
Stockholders Equity	90.81M	87.77M	27.94M	23.70M	17.45M	17.27M
Cash Flow
Free Cash Flow	15.08M	10.51M	9.30M	4.00M	6.32M	5.07M
Operating Cash Flow	23.24M	17.92M	13.55M	9.29M	10.17M	7.05M
Investing Cash Flow	-44.88M	-43.85M	-12.85M	-5.70M	-6.00M	-2.04M
Financing Cash Flow	38.83M	39.03M	-4.20M	-4.01M	-3.85M	-274.24K

Smart Parking Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.14
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SPZ, the sentiment is Negative. The current price of 1.14 is below the 20-day moving average (MA) of 1.32, below the 50-day MA of 1.29, and above the 200-day MA of 1.07, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 33.03 is Neutral, neither overbought nor oversold. The STOCH value of 11.19 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	72 Outperform	AU$483.65M	31.56	9.82%	―	41.69%	40.95%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
VIG	48 Neutral	AU$30.75M	-7.42	-3.14%	―	2.98%	93.55%
AMX	48 Neutral	AU$28.50M	-3.90	-31.01%	―	-3.43%	-40.65%
YOJ	43 Neutral	AU$106.64M	-12.17	-140.76%	―	-41.24%	75.68%
HTG	38 Underperform	AU$13.22M	-1.10	―	―	-5.80%	54.70%

Smart Parking Limited Corporate Events

Smart Parking Seeks Quotation for 1.5 Million New Shares on ASX

Smart Parking Limited has applied to the ASX for quotation of 1,500,000 fully paid ordinary shares, issued on 4 March 2026, under its employee incentive scheme. The new securities relate to shares where transfer restrictions have ceased or are about to cease, modestly increasing the company’s free‑trading share base and reflecting ongoing use of equity-based staff incentives.

The additional quoted shares may slightly enhance market liquidity in SPZ stock, while signalling continued alignment of employee interests with those of shareholders. This incremental issuance is administrative in nature and does not indicate a change in the company’s core operations or strategic direction.

The most recent analyst rating on (AU:SPZ) stock is a Buy with a A$1.80 price target. To see the full list of analyst forecasts on Smart Parking Limited stock, see the AU:SPZ Stock Forecast page.

Smart Parking unlocks escrowed shares as Peak Parking earn-out is fully met

Smart Parking Limited, a listed parking technology and services provider, operates thousands of car park spaces worldwide using its proprietary Smart Cloud system and licence plate recognition technology, supported by offices in key international markets. The company focuses on delivering integrated smart parking solutions that enhance the parking experience for drivers and asset owners.

Smart Parking has announced the release from voluntary escrow of 9,725,307 shares issued as part of the consideration for its acquisition of U.S. operator Peak Parking LP, effective 2 March 2026. It also confirmed that Peak Parking has met its performance targets in full, triggering a US$4 million share-based earn-out to be issued by 31 March 2026 and locked up under a 12‑month escrow, further cementing the strategic importance of the U.S. acquisition and expanding the company’s equity base.

The most recent analyst rating on (AU:SPZ) stock is a Buy with a A$1.55 price target. To see the full list of analyst forecasts on Smart Parking Limited stock, see the AU:SPZ Stock Forecast page.