Smart Parking Limited (SPZ) AI Stock Analysis

• Market Cap: €560.46M
• Dividend Yield: N/A
• Average Volume (3M): 745.30K
• Price to Earnings (P/E): 92.6
• Beta (1Y): 1.09
• 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: €1.50
• Price Target Upside: 11.80% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: AU$1.50 ▲(11.94% Upside)

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 high revenue growth demonstrates durable demand for Smart Parking’s solutions and validates its multi-stream model (sales, subscriptions, partnerships). Over the next 2–6 months this supports reinvestment in product, scale advantages, and stronger contract leverage with municipalities and enterprises.

High Gross Margin

A ~66% gross margin reflects a software-heavy, scalable offering where incremental deployments have low incremental cost. This structural margin advantage supports durable profitability expansion as recurring SaaS and analytics revenue scales, enabling sustained investment in product and R&D.

Low Leverage / Strong Capital Structure

Very low leverage and a high equity ratio provide financial flexibility for strategic rollouts, partnerships, or targeted M&A without stressing cash flow. This capital conservatism reduces default risk and gives management runway to invest in urban deployments and long-term contracts.

Negative Factors

Low Net Profit Margin

Despite strong top-line and gross margins, a single-digit net margin signals meaningful operating or SG&A drag that limits retained earnings. Over months this constrains cash available for growth initiatives, slows ROE improvement, and necessitates operational efficiency gains to convert revenue into shareholder value.

Cash Conversion Gap

Only about half of reported earnings convert to operating cash and ~59% to free cash flow, indicating a persistent cash conversion gap. Structurally this can limit organic funding for capex or scale, increase reliance on external financing, and highlight working-capital or timing issues that must be managed.

Modest Return on Equity

A ~6% ROE suggests limited efficiency in generating shareholder returns from the equity base. For investors and management this implies either suboptimal margin conversion or slower asset turnover; sustainably raising ROE will require improving net margins or more productive asset deployment.

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	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	77.33M	77.33M	54.45M	45.18M	38.15M	22.71M
Gross Profit	51.51M	51.51M	29.13M	27.54M	22.35M	10.07M
EBITDA	14.48M	14.48M	13.31M	12.31M	7.40M	11.14M
Net Income	5.42M	5.42M	3.69M	6.38M	959.77K	5.30M
Balance Sheet
Total Assets	132.06M	132.06M	57.56M	55.97M	49.24M	40.43M
Cash, Cash Equivalents and Short-Term Investments	21.38M	21.38M	7.87M	10.73M	10.82M	11.29M
Total Debt	10.49M	10.49M	10.32M	17.65M	16.81M	14.04M
Total Liabilities	44.29M	44.29M	29.61M	32.27M	31.79M	23.16M
Stockholders Equity	87.77M	87.77M	27.94M	23.70M	17.45M	17.27M
Cash Flow
Free Cash Flow	10.51M	10.51M	9.30M	4.00M	6.32M	5.07M
Operating Cash Flow	17.92M	17.92M	13.55M	9.29M	10.17M	7.05M
Investing Cash Flow	-43.85M	-43.85M	-12.85M	-5.70M	-6.00M	-2.04M
Financing Cash Flow	40.08M	39.03M	-4.20M	-4.01M	-3.85M	-274.24K

Smart Parking Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.34
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• 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 Positive. The current price of 1.34 is above the 20-day moving average (MA) of 1.27, above the 50-day MA of 1.29, and above the 200-day MA of 1.03, indicating a bullish trend. The MACD of 0.01 indicates Negative momentum. The RSI at 58.95 is Neutral, neither overbought nor oversold. The STOCH value of 76.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	€560.46M	92.57	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	-102.50	-3.14%	―	2.98%	93.55%
AMX	48 Neutral	AU$25.65M	-3.90	-31.01%	―	-3.43%	-40.65%
YOJ	46 Neutral	AU$120.85M	-15.70	-140.76%	―	-41.24%	75.68%
HTG	41 Neutral	AU$19.54M	-1.95	―	―	-5.80%	54.70%

Smart Parking Limited Corporate Events

Smart Parking Limited Director’s Share Disposal

Smart Parking Limited announced a change in the director’s interest, with Paul Gillespie disposing of 300,000 ordinary shares through an on-market trade to meet personal tax obligations. This transaction reflects a strategic financial decision by the director, potentially impacting shareholder perceptions and the company’s stock market performance.

The most recent analyst rating on (AU:SPZ) stock is a Buy with a A$1.50 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 Announces Director’s Share Acquisition

Smart Parking Limited has announced a change in the interests of its director, Paul Gillespie, with the acquisition of 1,175,355 shares under the company’s Employee Share Scheme. This change reflects the company’s ongoing commitment to aligning its leadership’s interests with its long-term strategic goals, potentially impacting its market positioning and stakeholder confidence.

The most recent analyst rating on (AU:SPZ) stock is a Buy with a A$1.50 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 Reports Successful AGM Outcomes

Smart Parking Limited announced the results of its Annual General Meeting held on 14 November 2025, where all resolutions were carried with significant majority votes. The resolutions included the adoption of the remuneration report, approval of an employee incentive plan, allocation of equity to the managing director, and the re-election of a director, reflecting strong shareholder support and strategic alignment for the company’s future initiatives.

The most recent analyst rating on (AU:SPZ) stock is a Buy with a A$1.50 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 Reports Strong Growth and Market Positioning

Smart Parking Limited has demonstrated significant growth in both revenue and profitability over the past five years, with a notable 821% increase in share price as of November 2025. The company’s strategic focus on large addressable markets and its robust technological and management capabilities position it well for continued success and sustainable growth, benefiting stakeholders and enhancing its industry standing.

The most recent analyst rating on (AU:SPZ) stock is a Buy with a A$1.50 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 Reports Strong Growth and Strategic Positioning

Smart Parking Limited has demonstrated strong growth in revenues and margin expansion over the past five years, with a significant share price increase of 816% as of October 27, 2025. The company’s multi-year growth strategy and track record of rising profitability position it well for continued success in the parking management industry.

The most recent analyst rating on (AU:SPZ) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Smart Parking Limited stock, see the AU:SPZ Stock Forecast page.