Smartgroup (ASX:SIQ) - Stock Price, News & Analysis

SIQ Stock Overview

Provides employee management services in Australia.

SIQ fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	5/6
Financial Health	4/6
Dividends	2/6

Rewards

Trading at 51% below our estimate of its fair value

Earnings are forecast to grow 8.23% per year

Earnings grew by 5.3% over the past year

Analysts in good agreement that stock price will rise by 24.6%

Risk Analysis

Dividend of 5.99% is not well covered by cash flows

Smartgroup Corporation Ltd Competitors

APM Human Services International

ASX:APM

AU$1.0b

McMillan Shakespeare

ASX:MMS

AU$1.2b

HiTech Group Australia

ASX:HIT

AU$79.7m

Peoplein

ASX:PPE

AU$90.4m

Price History & Performance

Summary of all time highs, changes and price drops for Smartgroup
Historical stock prices
Current Share Price	AU$7.93
52 Week High	AU$10.97
52 Week Low	AU$7.16
Beta	0.71
1 Month Change	-19.16%
3 Month Change	-27.71%
1 Year Change	9.23%
3 Year Change	14.60%
5 Year Change	-9.37%
Change since IPO	448.79%

Returns At Smartgroup (ASX:SIQ) Appear To Be Weighed Down

May 01

Some Confidence Is Lacking In Smartgroup Corporation Ltd's (ASX:SIQ) P/E

Apr 13

Recent updates

An Intrinsic Calculation For Smartgroup Corporation Ltd (ASX:SIQ) Suggests It's 48% Undervalued

Jun 08

Is Smartgroup Corporation Ltd's (ASX:SIQ) 7.2% Dividend Sustainable?

Apr 12

Investors Shouldn't Overlook The Favourable Returns On Capital At Smartgroup (ASX:SIQ)

Mar 29

Have Insiders Been Buying Smartgroup Corporation Ltd (ASX:SIQ) Shares This Year?

Mar 16

Do These 3 Checks Before Buying Smartgroup Corporation Ltd (ASX:SIQ) For Its Upcoming Dividend

Mar 03

Smartgroup Corporation Ltd's (ASX:SIQ) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?

Feb 25

Should You Investigate Smartgroup Corporation Ltd (ASX:SIQ) At AU$7.68?

Feb 12

Smartgroup (ASX:SIQ) Has Compensated Shareholders With A Respectable 93% Return On Their Investment

Feb 01

What Percentage Of Smartgroup Corporation Ltd (ASX:SIQ) Shares Do Insiders Own?

Jan 19

Should You Buy Smartgroup Corporation Ltd (ASX:SIQ) For Its Dividend?

Jan 05

Are Investors Undervaluing Smartgroup Corporation Ltd (ASX:SIQ) By 43%?

Dec 24

Is Smartgroup (ASX:SIQ) Likely To Turn Things Around?

Dec 13

Need To Know: Smartgroup Corporation Ltd (ASX:SIQ) Insiders Have Been Buying Shares

Dec 01

Do Fundamentals Have Any Role To Play In Driving Smartgroup Corporation Ltd's (ASX:SIQ) Stock Up Recently?

Nov 20

Shareholder Returns

	SIQ	AU Professional Services	AU Market
7D	-4.5%	-0.8%	-1.0%
1Y	9.2%	9.4%	8.4%

Return vs Industry: SIQ matched the Australian Professional Services industry which returned 9.4% over the past year.

Return vs Market: SIQ matched the Australian Market which returned 8.4% over the past year.

Price Volatility

Is SIQ's price volatile compared to industry and market?
SIQ volatility
SIQ Average Weekly Movement	4.6%
Professional Services Industry Average Movement	6.0%
Market Average Movement	8.9%
10% most volatile stocks in AU Market	17.3%
10% least volatile stocks in AU Market	3.3%

Stable Share Price: SIQ's share price has been volatile over the past 3 months.

Volatility Over Time: SIQ's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1999	835	Scott Wharton	www.smartgroup.com.au

Smartgroup Corporation Ltd provides employee management services in Australia. The company operates through three segments: Outsourced Administration (OA); Vehicle Services (VS); and Software, Distribution, and Group Services (SDGS) segments. The Outsourced Administration segment offers outsourced salary packaging services, novated leasing, and outsourced payroll services.

Smartgroup Corporation Ltd Fundamentals Summary

How do Smartgroup's earnings and revenue compare to its market cap?
SIQ fundamental statistics
Market cap	AU$1.08b
Earnings (TTM)	AU$61.92m
Revenue (TTM)	AU$251.61m

16.7x

P/E Ratio

4.1x

P/S Ratio

Is SIQ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SIQ income statement (TTM)
Revenue	AU$251.61m
Cost of Revenue	AU$113.37m
Gross Profit	AU$138.24m
Other Expenses	AU$76.32m
Earnings	AU$61.92m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.47
Gross Margin	54.94%
Net Profit Margin	24.61%
Debt/Equity Ratio	26.5%

How did SIQ perform over the long term?

See historical performance and comparison

Dividends

6.0%

Current Dividend Yield

66%

Payout Ratio

SIQ Stock Overview

Rewards

Risk Analysis

Smartgroup Corporation Ltd Competitors

ASX:APM

AU$1.0b

ASX:MMS

AU$1.2b

ASX:HIT

AU$79.7m

ASX:PPE

AU$90.4m

Price History & Performance

Recent News & Updates

Independent Non-Executive Chairman recently bought AU$584k worth of stock

Independent Non-Executive Director recently bought AU$100k worth of stock

Returns At Smartgroup (ASX:SIQ) Appear To Be Weighed Down

Some Confidence Is Lacking In Smartgroup Corporation Ltd's (ASX:SIQ) P/E

Upcoming dividend of AU$0.32 per share

Final dividend of AU$0.32 announced

Recent updates

Independent Non-Executive Chairman recently bought AU$584k worth of stock

Independent Non-Executive Director recently bought AU$100k worth of stock

Returns At Smartgroup (ASX:SIQ) Appear To Be Weighed Down

Some Confidence Is Lacking In Smartgroup Corporation Ltd's (ASX:SIQ) P/E

Upcoming dividend of AU$0.32 per share

Final dividend of AU$0.32 announced

Smartgroup Corporation Ltd, Annual General Meeting, May 08, 2024

Full year 2023 earnings: Revenues in line with analyst expectations

Smartgroup Corporation Ltd to Report Fiscal Year 2023 Results on Feb 21, 2024

Smartgroup Corporation Ltd. Announces Non-Executive Director Changes

Under The Bonnet, Smartgroup's (ASX:SIQ) Returns Look Impressive

Price target increased by 8.2% to AU$9.45

Upcoming dividend of AU$0.15 per share at 5.3% yield

First half 2023 earnings: EPS and revenues exceed analyst expectations

Smartgroup Corporation Ltd Announces Ordinary Fully Paid Dividend for the Six Months Ended June 30, 2023, Payment Date of September 22, 2023

Price target increased by 8.7% to AU$8.07

Smartgroup Corporation Ltd to Report Q2, 2023 Results on Aug 24, 2023

Smartgroup Corporation Ltd Announces the Cessation of Timothy Looi as Director

Price target increased by 11% to AU$7.34

Insufficient new directors

Price target increased by 7.3% to AU$6.78

Full year 2022 earnings released

Price target decreased to AU$6.53

Independent Non-Executive Director recently bought AU$55k worth of stock

Independent Non-Executive Director recently bought AU$59k worth of stock

Smartgroup Corporation Ltd Announces Dividend for the Six Months Ended June 30, 2022, Payable on September 23, 2022

First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Smartgroup Corporation Ltd Announces Appointment of John Prendiville as Deputy Chair and Retirement of Director

Smartgroup Corporation Ltd to Report First Half, 2022 Results on Aug 26, 2022

Price target decreased to AU$8.01

Investor sentiment deteriorated over the past week

Smartgroup Corporation Ltd, Annual General Meeting, May 11, 2022

Upcoming dividend of AU$0.49 per share

Smartgroup Corporation Ltd Announces Final Ordinary Dividend for the Six Months Period Ended December 31, 2021, Payable on March 23, 2022

Full year 2021 earnings: EPS exceeds analyst expectations

Smartgroup Corporation Ltd to Report Fiscal Year 2021 Results on Feb 18, 2022

Price target decreased to AU$8.42

Price target increased to AU$8.86

Investor sentiment improved over the past week

Upcoming dividend of AU$0.17 per share

First half 2021 earnings released: EPS AU$0.20 (vs AU$0.13 in 1H 2020)

An Intrinsic Calculation For Smartgroup Corporation Ltd (ASX:SIQ) Suggests It's 48% Undervalued

Is Smartgroup Corporation Ltd's (ASX:SIQ) 7.2% Dividend Sustainable?

Investors Shouldn't Overlook The Favourable Returns On Capital At Smartgroup (ASX:SIQ)

Have Insiders Been Buying Smartgroup Corporation Ltd (ASX:SIQ) Shares This Year?

Do These 3 Checks Before Buying Smartgroup Corporation Ltd (ASX:SIQ) For Its Upcoming Dividend

Advisor has left the company

Smartgroup Corporation Ltd's (ASX:SIQ) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?

Full year 2020 earnings released: EPS AU$0.32 (vs AU$0.48 in FY 2019)

Revenue and earnings miss expectations

Smartgroup Corporation Ltd, Annual General Meeting, May 12, 2021

Should You Investigate Smartgroup Corporation Ltd (ASX:SIQ) At AU$7.68?

Smartgroup (ASX:SIQ) Has Compensated Shareholders With A Respectable 93% Return On Their Investment

New 90-day high: AU$7.04

Smartgroup Corporation Ltd to Report Fiscal Year 2020 Results on Feb 24, 2021

What Percentage Of Smartgroup Corporation Ltd (ASX:SIQ) Shares Do Insiders Own?

Should You Buy Smartgroup Corporation Ltd (ASX:SIQ) For Its Dividend?

Are Investors Undervaluing Smartgroup Corporation Ltd (ASX:SIQ) By 43%?

New 90-day high: AU$6.78