Smart Parking Limited (SPZ) AI Stock Analysis

• Market Cap: AU$313.77M
• Dividend Yield: N/A
• Average Volume (3M): 637.35K
• Price to Earnings (P/E): 50.7
• Beta (1Y): 0.82
• Revenue Growth: 20.69%
• EPS Growth: -21.76%
• Country: AU
• Employees: N/A
• Sector: Technology
• Sector Strength: 78
• Industry: Software - Application
• EPS (TTM): 0.01
• Shares Outstanding: 410,152,920
• 10 Day Avg. Volume: 714,035
• 30 Day Avg. Volume: 637,348
• 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: AU$1.35
• Price Target Upside: 77.83% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 64 Neutral
• Price Target: AU$1.00 ▲(31.58%Upside)

Smart Parking Limited's overall stock score of 64 is driven primarily by strong financial performance with effective cash management and revenue growth. However, technical analysis presents some bearish short-term trends, and the stock appears overvalued based on its P/E ratio. The absence of earnings call insights and notable corporate events limits further positive influence.

Smart Parking Limited Business Overview & Revenue Model

Company Description

Smart Parking Limited (SPZ) is a technology-driven company specializing in the development and provision of innovative parking solutions. The company operates within the parking management sector, offering a range of products and services designed to optimize parking efficiency and experience. These include advanced parking sensors, data analytics platforms, and mobile applications that facilitate seamless parking operations for both consumers and businesses.

How the Company Makes Money

Smart Parking Limited generates revenue primarily through the sale of its smart parking products and services. Key revenue streams include the licensing of its parking management software to commercial clients, subscription fees for access to its data analytics platforms, and the sale of parking sensors and related hardware. Additionally, SPZ forms strategic partnerships with municipalities and private parking operators, often involving revenue-sharing agreements that contribute significantly to its earnings. The company's focus on innovation and its ability to integrate with existing parking infrastructure are crucial factors in its financial success.

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
	EBIT
22.54M	10.18M	6.23M	4.13M	4.98M	-7.58M
	EBITDA
13.42M	13.31M	12.31M	7.40M	11.14M	-3.30M
	Net Income Common Stockholders
5.30M	3.69M	6.38M	959.77K	5.30M	-7.27M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
8.48M	7.23M	10.73M	10.82M	11.29M	6.47M
	Total Assets
62.02M	57.56M	55.97M	49.24M	40.43M	34.14M
	Total Debt
9.87M	10.32M	17.65M	16.81M	14.04M	12.35M
	Net Debt
1.39M	3.09M	6.92M	5.99M	2.75M	5.88M
	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: Negative
• Last Price: 0.76
• 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 Negative. The current price of 0.76 is below the 20-day moving average (MA) of 0.87, below the 50-day MA of 0.85, and below the 200-day MA of 0.80, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 34.36 is Neutral, neither overbought nor oversold. The STOCH value of 25.72 is Neutral, 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	64 Neutral	AU$313.77M	50.66	18.16%	―	20.69%	-21.76%
Sector *	62 Neutral	$11.80B	10.08	-7.46%	2.99%	7.37%	-8.21%
VIG	56 Neutral	AU$48.92M	―	-13.67%	―	-18.79%	-28.57%
SNS	52 Neutral	€26.96M	―	-49.41%	―	7.57%	44.44%
YOJ	50 Neutral	AU$100.14M	―	-212.47%	―	-54.10%	82.31%
AMX	44 Neutral	AU$20.90M	―	-24.21%	―	-11.35%	-49.13%
HTG	41 Neutral	AU$14.34M	―		―	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.

Smart Parking Limited Director Increases Shareholding

Smart Parking Limited announced a change in the director’s interest, with Jeremy King acquiring an additional 26,284 ordinary shares through participation in an entitlement offer, bringing his total to 666,284 shares. This acquisition reflects a strategic move to strengthen the director’s stake in the company, potentially impacting the company’s governance and signaling confidence in its future prospects.

Smart Parking Limited Director Increases Shareholding

Smart Parking Limited has announced a change in the director’s interest, with Director Fiona Pearse acquiring an additional 32,197 ordinary shares through participation in an entitlement offer, increasing her total holdings to 816,159 shares. This change reflects the company’s ongoing efforts to align its leadership’s interests with shareholder value, potentially impacting its market positioning and stakeholder confidence.