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Smart Parking Limited
(Sydney:SPZ)
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Rating:65Neutral
Price Target:
AU$0.79
▼(-15.96% Downside)
Action:Reiterated
Date:08/20/26
The score is driven primarily by strong financial performance (rapid revenue scaling, strong EBITDA margin, and a much improved low-leverage balance sheet). This is tempered by a mixed technical backdrop (negative MACD and trading below longer-term moving averages) and a stretched valuation (high P/E with no dividend yield provided).
Positive Factors
Strong revenue growth
Revenue has expanded substantially over several years and growth re-accelerated to 16.7% in 2026. This indicates meaningful scaling and sustained customer demand, giving the company a broader base from which to support investment, operating leverage, and future expansion.
Negative Factors
Volatile bottom-line profitability
Net profit conversion has varied materially despite strong revenue and operating performance. The modest 2026 net margin means less of each sales dollar reaches shareholders, while the historical volatility makes earnings quality and sustainable bottom-line profitability less predictable over coming periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Revenue has expanded substantially over several years and growth re-accelerated to 16.7% in 2026. This indicates meaningful scaling and sustained customer demand, giving the company a broader base from which to support investment, operating leverage, and future expansion.
Read all positive factors
Smart Parking Limited (SPZ) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$308.89M
Dividend YieldN/A
Average Volume (3M)514.77K
Price to Earnings (P/E)44.3
Beta (1Y)1.32
Revenue Growth63.33%
EPS Growth12.84%
CountryAU
Employees200
SectorIndustrials
Sector Strength72
IndustryIndustrial - Infrastructure Operations
Share Statistics
EPS (TTM)0.02
Shares Outstanding420,261,720
10 Day Avg. Volume604,484
30 Day Avg. Volume514,770
Financial Highlights & Ratios
PEG Ratio3.16
Price to Book (P/B)3.37
Price to Sales (P/S)2.64
P/FCF Ratio23.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.25Price Target Upside32.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.04
Revenue Forecast (FY)AU$147.54M
Smart Parking Limited Business Overview & Revenue Model
Company Description
Smart Parking Ltd engages in the provision of design, development, and management of parking technology. It operates through three segments: Technology, Parking Management, and Research and Development. The Technology segment sells Smart City and ...
How the Company Makes Money
Smart Parking Limited primarily makes money by selling and/or contracting for parking management technology and services to customers such as parking operators, property owners, and site managers. Key revenue streams typically include: (1) hardwar...
Smart Parking Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
71
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 126.02M | 77.33M | 54.45M | 45.18M | 38.15M |
| Gross Profit | 77.50M | 51.51M | 29.13M | 27.54M | 22.35M |
| EBITDA | 55.72M | 18.96M | 13.31M | 12.31M | 7.40M |
| Net Income | 6.95M | 5.42M | 3.69M | 6.38M | 959.77K |
Balance Sheet | |||||
| Total Assets | 143.16M | 132.06M | 57.56M | 55.97M | 49.24M |
| Cash, Cash Equivalents and Short-Term Investments | 27.31M | 21.38M | 7.87M | 10.73M | 10.82M |
| Total Debt | 8.96M | 10.49M | 10.32M | 17.65M | 16.81M |
| Total Liabilities | 44.22M | 44.29M | 29.61M | 32.27M | 31.79M |
| Stockholders Equity | 98.93M | 87.77M | 27.94M | 23.70M | 17.45M |
Cash Flow | |||||
| Free Cash Flow | 14.11M | 10.51M | 9.30M | 4.00M | 6.32M |
| Operating Cash Flow | 20.83M | 17.92M | 13.55M | 9.29M | 10.17M |
| Investing Cash Flow | -8.46M | -43.85M | -12.85M | -5.70M | -6.00M |
| Financing Cash Flow | -5.03M | 39.03M | -4.20M | -4.01M | -3.85M |
Smart Parking Limited Technical Analysis
Neutral
0.94
Price Trends
0.74
Negative
0.74
Negative
0.90
Negative
Market Momentum
-0.01
Negative
49.70
Neutral
78.74
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 0.94 is above the 20-day moving average (MA) of 0.67, above the 50-day MA of 0.74, and above the 200-day MA of 0.90, indicating a neutral trend. The MACD of -0.01 indicates Negative momentum. The RSI at 49.70 is Neutral, neither overbought nor oversold. The STOCH value of 78.74 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | AU$17.67M | 5.51 | 28.96% | ― | 4.70% | 6.82% | |
65 Neutral | AU$308.89M | 44.31 | 7.33% | ― | 63.33% | 12.84% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
54 Neutral | AU$29.45M | -10.13 | -18.57% | ― | 12.29% | 55.78% | |
51 Neutral | AU$51.54M | -59.09 | -6.40% | ― | 14.31% | 79.78% | |
45 Neutral | AU$5.49M | -15.56 | -36.68% | ― | -0.67% | 48.84% | |
42 Neutral | AU$21.29M | -8.62 | 67.50% | ― | -23.57% | -38.10% |
* Industrials Sector Average
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Smart Parking Limited Corporate Events
Smart Parking sees minimal impact from new UK private parking code
Oct 20, 2026
Smart Parking Limited, a global parking technology and services provider listed on the ASX, operates and manages thousands of parking spaces worldwide using its proprietary Smart Cloud platform and automatic number plate recognition systems. The c...
Smart Parking Updates Market on Progress of On-Market Share Buy-Back
Oct 19, 2026
Smart Parking Limited has updated investors on the progress of its on-market share buy-back program for its ordinary fully paid shares listed under ASX code SPZ. The company initially notified the market of the buy-back in August 2026 and is now p...
Smart Parking Updates Daily On-Market Share Buy-Back Activity
Oct 11, 2026
Smart Parking Limited has issued an updated notification regarding its on-market share buy-back program for ordinary fully paid shares traded under the ASX code SPZ. The latest daily disclosure reports that the company has repurchased a total of 3...
Smart Parking Sets November Online AGM for Shareholders
Oct 11, 2026
Smart Parking Limited has released the formal Notice of Meeting for its upcoming Annual General Meeting, detailing that the AGM will be held on Friday, 13 November 2026 at 11:00 a.m. Melbourne time via the Zoom online platform. The notice specifie...
Smart Parking Director Christopher Morris Increases Indirect Shareholding
Sep 27, 2026
Smart Parking Limited has disclosed a change in director Christopher Morris’s interests in the company’s securities, reflecting an increase in his indirect holding via entities Finico Pty Limited and GSM Partners. The transaction invol...
Smart Parking Cancels Shares in On‑Market Buy‑Back
Sep 27, 2026
Smart Parking Limited has cancelled 370,041 ordinary fully paid shares following completion of an on‑market buy‑back, as disclosed in a recent Appendix 3H notification to the ASX. The reduction in issued capital marginally increases re...
Smart Parking Updates On-Market Share Buy-Back Activity
Sep 17, 2026
Smart Parking Limited has provided an update on its on-market share buy-back program involving its ordinary fully paid shares traded under the ASX code SPZ. The latest notification, dated 17 September 2026, confirms continued execution of the buy-...
Smart Parking Director Simon Jones Boosts Indirect Shareholding
Sep 16, 2026
Smart Parking Limited has disclosed a change in director Simon Jones’ indirect interest in the company’s ordinary shares. The holdings are held through TOBALEX Pty Ltd as trustee for the Simon Jones Family Superannuation Fund, reflecti...
Smart Parking Reports Ongoing On-Market Share Buy-Back Activity
Sep 15, 2026
Smart Parking Limited has provided an updated notification to the ASX confirming the ongoing execution of its on-market share buy-back of ordinary fully paid shares under the code SPZ. The company reported that a total of 239,096 shares had been r...
Smart Parking posts record FY26 on U.S. expansion and organic growth
Sep 13, 2026
Smart Parking Limited reported a record FY26, driven by strong organic growth and the successful integration of a U.S. acquisition that expanded its presence in a key market. With substantial opportunities across its core regions, a robust financi...
Smart Parking Files 2026 Corporate Governance Statement and ASX Appendix 4G
Sep 13, 2026
Smart Parking Limited has released its corporate governance statement for the financial year ended 30 June 2026, confirming it is accurate as of that date and approved by the board. The statement is included in the annual report and on the company...
Smart Parking Director Jeremy King Increases Shareholding
Sep 13, 2026
Smart Parking Limited has disclosed a change in director Jeremy King’s holdings, with the director increasing his direct interest in ordinary shares via an on‑market trade. King acquired 7,616 shares on 10 September 2026, lifting his t...
Smart Parking Continues Daily On-Market Share Buy-Back
Sep 13, 2026
Smart Parking Limited has continued its on-market share buy-back program, reporting that a total of 164,096 ordinary fully paid shares had been repurchased before the previous trading day.On the previous day, the company bought back a further 75,0...
Smart Parking Updates ASX on Daily Progress of Share Buy-Back
Sep 10, 2026
Smart Parking Limited has issued a daily update on its ongoing on-market share buy-back program for its ordinary fully paid shares listed under ASX code SPZ. The latest notification, dated Sept. 10, 2026, reports cumulative repurchases of 84,096 s...
Smart Parking Updates Daily On-Market Share Buy-Back Activity
Sep 6, 2026
Smart Parking Limited has provided an update on its ongoing on-market share buy-back program for its ordinary fully paid shares listed on the ASX under code SPZ. The company reported that it had repurchased a total of 52,096 shares prior to the la...
Smart Parking Updates Market on Daily Progress of On-Market Share Buy-Back
Sep 3, 2026
Smart Parking Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares under code SPZ. The latest daily disclosure reports that the company repurchased 29,000...
Smart Parking Issues Daily Update on On‑Market Share Buy‑Back
Sep 2, 2026
Smart Parking Limited has updated the market with a daily notification on its on‑market share buy‑back program for ordinary fully paid shares traded under the ASX code SPZ. The latest filing, dated 3 September 2026, confirms the ongoin...
Regal Partners exits substantial holding in Smart Parking
Aug 25, 2026
Regal Partners Funds Management Pty Ltd and its related entities have lodged a notice that they have ceased to be substantial holders in Smart Parking Ltd, following trades in the company’s ordinary shares on 21 August 2026. The transactions...
Smart Parking Director Simon Jones Increases Indirect Shareholding
Aug 19, 2026
Smart Parking Limited has disclosed a change in the equity holdings of director Simon Jones through an ASX notice, highlighting the company’s adherence to regulatory requirements on director interest reporting. The director’s stake is ...
Smart Parking Launches On‑Market Share Buy‑Back Program
Aug 17, 2026
Smart Parking Limited has announced a new on‑market share buy‑back of its ordinary fully paid shares listed on the ASX under code SPZ. The program indicates the board’s intention to actively manage the company’s capital str...
Smart Parking Launches Up to $5m On‑Market Share Buy‑Back
Aug 17, 2026
Smart Parking Limited has approved an on‑market buy‑back of up to $5 million in ordinary shares, to be conducted within the 10/12 limit under the Corporations Act and therefore without the need for shareholder approval. The program is ...
Smart Parking Posts Record FY26 Results on Global Expansion
Aug 17, 2026
Smart Parking Limited reported record FY26 results, with revenue rising to $126.0 million and adjusted EBITDA climbing 73% to $30.8 million, aided by a full 12-month contribution from its Peak Parking operation in the United States. Underlying net...
Smart Parking Files Preliminary 2026 Results with ASX
Aug 17, 2026
Smart Parking Limited has lodged its preliminary final report for the year ended 30 June 2026 with the ASX under Listing Rule 4.3A, covering the consolidated group and presented in Australian dollars. The report outlines the company’s prelim...
Smart Parking sets date for 2026 full-year results and investor webcast
Aug 11, 2026
Smart Parking Limited has scheduled the release of its full-year results for the year ended 30 June 2026 on Tuesday, 18 August 2026. The company will host an investor briefing via webcast at 10:30 a.m. AEST that day, underscoring its efforts to en...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.