SMARTPHOTO GROUP (SMAR.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:SMAR - BE0974323553 - Common Stock
26.4 EUR
-0.1 (-0.38%)
Taking everything into account, SMAR scores 6 out of 10 in our fundamental rating. SMAR was compared to 44 industry peers in the Commercial Services & Supplies industry. SMAR scores excellent points on both the profitability and health parts. This is a solid base for a good stock. SMAR has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
- SMAR had positive earnings in the past year.
- SMAR had a positive operating cash flow in the past year.
- SMAR had positive earnings in each of the past 5 years.
- Each year in the past 5 years SMAR had a positive operating cash flow.
1.2 Ratios
- With an excellent Return On Assets value of 6.31%, SMAR belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
- The Return On Equity of SMAR (11.04%) is better than 66.67% of its industry peers.
- The Return On Invested Capital of SMAR (10.19%) is better than 90.48% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for SMAR is above the industry average of 8.58%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.31% | ||
| ROE | 11.04% | ||
| ROIC | 10.19% |
ROA(3y)7.15%
ROA(5y)7.98%
ROE(3y)12.13%
ROE(5y)13.22%
ROIC(3y)12.19%
ROIC(5y)11.8%
1.3 Margins
- Looking at the Profit Margin, with a value of 6.74%, SMAR is in the better half of the industry, outperforming 73.81% of the companies in the same industry.
- In the last couple of years the Profit Margin of SMAR has declined.
- SMAR has a better Operating Margin (8.96%) than 69.05% of its industry peers.
- In the last couple of years the Operating Margin of SMAR has declined.
- SMAR has a Gross Margin of 73.09%. This is in the better half of the industry: SMAR outperforms 76.19% of its industry peers.
- SMAR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.96% | ||
| PM (TTM) | 6.74% | ||
| GM | 73.09% |
OM growth 3Y-8.72%
OM growth 5Y-2.14%
PM growth 3Y-8.23%
PM growth 5Y-12.91%
GM growth 3Y3.04%
GM growth 5Y1.41%
2. Health
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SMAR is creating some value.
- The number of shares outstanding for SMAR has been reduced compared to 1 year ago.
- The number of shares outstanding for SMAR has been reduced compared to 5 years ago.
- Compared to 1 year ago, SMAR has an improved debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 3.16 indicates that SMAR is not in any danger for bankruptcy at the moment.
- SMAR has a better Altman-Z score (3.16) than 88.10% of its industry peers.
- SMAR has a debt to FCF ratio of 0.56. This is a very positive value and a sign of high solvency as it would only need 0.56 years to pay back of all of its debts.
- With an excellent Debt to FCF ratio value of 0.56, SMAR belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
- SMAR has a Debt/Equity ratio of 0.06. This is a healthy value indicating a solid balance between debt and equity.
- SMAR has a better Debt to Equity ratio (0.06) than 95.24% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.06 | ||
| Debt/FCF | 0.56 | ||
| Altman-Z | 3.16 |
ROIC/WACC1.35
WACC7.57%
2.3 Liquidity
- A Current Ratio of 1.22 indicates that SMAR should not have too much problems paying its short term obligations.
- SMAR's Current ratio of 1.22 is in line compared to the rest of the industry. SMAR outperforms 47.62% of its industry peers.
- SMAR has a Quick Ratio of 1.06. This is a normal value and indicates that SMAR is financially healthy and should not expect problems in meeting its short term obligations.
- Looking at the Quick ratio, with a value of 1.06, SMAR is in line with its industry, outperforming 57.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.22 | ||
| Quick Ratio | 1.06 |
3. Growth
3.1 Past
- The earnings per share for SMAR have decreased strongly by -19.97% in the last year.
- SMAR shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.62% yearly.
- The Revenue has been growing slightly by 4.01% in the past year.
- The Revenue has been growing by 9.35% on average over the past years. This is quite good.
EPS 1Y (TTM)-19.97%
EPS 3Y3.31%
EPS 5Y-2.62%
EPS Q2Q%-10.14%
Revenue 1Y (TTM)4.01%
Revenue growth 3Y8.46%
Revenue growth 5Y9.35%
Sales Q2Q%7.09%
3.2 Future
- The Earnings Per Share is expected to grow by 15.60% on average over the next years. This is quite good.
- The Revenue is expected to grow by 4.36% on average over the next years.
EPS Next Y21.79%
EPS Next 2Y17.12%
EPS Next 3Y15.6%
EPS Next 5YN/A
Revenue Next Year11.11%
Revenue Next 2Y7.73%
Revenue Next 3Y6.19%
Revenue Next 5Y4.36%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 17.14, the valuation of SMAR can be described as rather expensive.
- Compared to the rest of the industry, the Price/Earnings ratio of SMAR indicates a somewhat cheap valuation: SMAR is cheaper than 71.43% of the companies listed in the same industry.
- SMAR is valuated rather cheaply when we compare the Price/Earnings ratio to 27.25, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 13.62, the valuation of SMAR can be described as correct.
- SMAR's Price/Forward Earnings is on the same level as the industry average.
- When comparing the Price/Forward Earnings ratio of SMAR to the average of the S&P500 Index (25.98), we can say SMAR is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.14 | ||
| Fwd PE | 13.62 |
4.2 Price Multiples
- SMAR's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SMAR is cheaper than 61.90% of the companies in the same industry.
- SMAR's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.48 | ||
| EV/EBITDA | 7.35 |
4.3 Compensation for Growth
- SMAR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- The decent profitability rating of SMAR may justify a higher PE ratio.
- A more expensive valuation may be justified as SMAR's earnings are expected to grow with 15.60% in the coming years.
PEG (NY)0.79
PEG (5Y)N/A
EPS Next 2Y17.12%
EPS Next 3Y15.6%
5. Dividend
5.1 Amount
- SMAR has a Yearly Dividend Yield of 2.45%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 2.60, SMAR pays a bit more dividend than its industry peers.
- SMAR's Dividend Yield is a higher than the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.45% |
5.2 History
- The dividend of SMAR is nicely growing with an annual growth rate of 16.05%!
Dividend Growth(5Y)16.05%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
- SMAR pays out 68.47% of its income as dividend. This is not a sustainable payout ratio.
- SMAR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP68.47%
EPS Next 2Y17.12%
EPS Next 3Y15.6%
SMARTPHOTO GROUP / SMAR.BR FAQ
What is the fundamental rating for SMAR stock?
ChartMill assigns a fundamental rating of 6 / 10 to SMAR.BR.
What is the valuation status for SMAR stock?
ChartMill assigns a valuation rating of 5 / 10 to SMARTPHOTO GROUP (SMAR.BR). This can be considered as Fairly Valued.
Can you provide the profitability details for SMARTPHOTO GROUP?
SMARTPHOTO GROUP (SMAR.BR) has a profitability rating of 7 / 10.
What is the financial health of SMARTPHOTO GROUP (SMAR.BR) stock?
The financial health rating of SMARTPHOTO GROUP (SMAR.BR) is 8 / 10.
How sustainable is the dividend of SMARTPHOTO GROUP (SMAR.BR) stock?
The dividend rating of SMARTPHOTO GROUP (SMAR.BR) is 4 / 10 and the dividend payout ratio is 68.47%.