SMARTPHOTO GROUP (SMAR.BR) Stock Fundamental Analysis
EBR:SMAR - Euronext Brussels - BE0974323553 - Common Stock - Currency: EUR
We assign a fundamental rating of 6 out of 10 to SMAR. SMAR was compared to 44 industry peers in the Commercial Services & Supplies industry. Both the health and profitability get an excellent rating, making SMAR a very profitable company, without any liquidiy or solvency issues. 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.
In the past year SMAR had a positive cash flow from operations.
In the past 5 years SMAR has always been profitable.
SMAR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SMAR has a better Return On Assets (8.92%) than 91.30% of its industry peers.
With a decent Return On Equity value of 13.44%, SMAR is doing good in the industry, outperforming 73.91% of the companies in the same industry.
The Return On Invested Capital of SMAR (11.18%) is better than 91.30% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SMAR is above the industry average of 7.74%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.92% | ||
| ROE | 13.44% | ||
| ROIC | 11.18% |
ROA(3y)7.27%
ROA(5y)8.88%
ROE(3y)12.19%
ROE(5y)14.43%
ROIC(3y)11.35%
ROIC(5y)10.68%
1.3 Margins
SMAR has a Profit Margin of 7.91%. This is amongst the best in the industry. SMAR outperforms 86.96% of its industry peers.
In the last couple of years the Profit Margin of SMAR has remained more or less at the same level.
The Operating Margin of SMAR (10.69%) is better than 76.09% of its industry peers.
SMAR's Operating Margin has improved in the last couple of years.
SMAR's Gross Margin of 74.21% is amongst the best of the industry. SMAR outperforms 80.43% of its industry peers.
In the last couple of years the Gross Margin of SMAR has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.69% | ||
| PM (TTM) | 7.91% | ||
| GM | 74.21% |
OM growth 3Y-4.33%
OM growth 5Y2.88%
PM growth 3Y-13.17%
PM growth 5Y0.53%
GM growth 3Y3.01%
GM growth 5Y1.38%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SMAR is still creating some value.
Compared to 1 year ago, SMAR has less shares outstanding
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
SMAR has an Altman-Z score of 4.56. This indicates that SMAR is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 4.56, SMAR belongs to the best of the industry, outperforming 95.65% of the companies in the same industry.
SMAR has a debt to FCF ratio of 0.83. This is a very positive value and a sign of high solvency as it would only need 0.83 years to pay back of all of its debts.
The Debt to FCF ratio of SMAR (0.83) is better than 93.48% of its industry peers.
A Debt/Equity ratio of 0.11 indicates that SMAR is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.11, SMAR belongs to the top of the industry, outperforming 86.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.83 | ||
| Altman-Z | 4.56 |
ROIC/WACC1.5
WACC7.48%
2.3 Liquidity
SMAR has a Current Ratio of 1.26. 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 Current ratio, with a value of 1.26, SMAR is in line with its industry, outperforming 52.17% of the companies in the same industry.
SMAR has a Quick Ratio of 1.26. This is a bad value and indicates that SMAR is not financially healthy enough and could expect problems in meeting its short term obligations.
SMAR's Quick ratio of 0.97 is in line compared to the rest of the industry. SMAR outperforms 52.17% of its industry peers.
SMAR does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.26 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
SMAR shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.40%.
The Earnings Per Share has been growing by 13.29% on average over the past years. This is quite good.
SMAR shows a small growth in Revenue. In the last year, the Revenue has grown by 0.09%.
SMAR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.69% yearly.
EPS 1Y (TTM)-0.4%
EPS 3Y-3.34%
EPS 5Y13.29%
EPS Q2Q%-63.33%
Revenue 1Y (TTM)0.09%
Revenue growth 3Y8.02%
Revenue growth 5Y10.69%
Sales Q2Q%-0.84%
3.2 Future
SMAR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.60% yearly.
The Revenue is expected to grow by 5.94% on average over the next years.
EPS Next Y-10.86%
EPS Next 2Y2.82%
EPS Next 3Y6.6%
EPS Next 5YN/A
Revenue Next Year5.19%
Revenue Next 2Y8.11%
Revenue Next 3Y6.88%
Revenue Next 5Y5.94%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 16.41, which indicates a correct valuation of SMAR.
Based on the Price/Earnings ratio, SMAR is valued a bit cheaper than the industry average as 73.91% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 29.35. SMAR is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 14.79 indicates a correct valuation of SMAR.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SMAR is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of SMAR to the average of the S&P500 Index (22.10), we can say SMAR is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.41 | ||
| Fwd PE | 14.79 |
4.2 Price Multiples
SMAR's Enterprise Value to EBITDA is on the same level as the industry average.
SMAR's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.3 | ||
| EV/EBITDA | 8.73 |
4.3 Compensation for Growth
The excellent profitability rating of SMAR may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.23
EPS Next 2Y2.82%
EPS Next 3Y6.6%
5. Dividend
5.1 Amount
SMAR has a Yearly Dividend Yield of 2.63%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.64, SMAR pays a bit more dividend than its industry peers.
SMAR's Dividend Yield is comparable with the S&P500 average which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.63% |
5.2 History
The dividend of SMAR decreases each year by -21.98%.
Dividend Growth(5Y)-21.98%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
SMAR pays out 60.89% of its income as dividend. This is not a sustainable payout ratio.
DP60.89%
EPS Next 2Y2.82%
EPS Next 3Y6.6%
EBR:SMAR (3/7/2025, 7:00:00 PM)
27.9
0 (0%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)
Earnings (Next)
Inst Owners1.01%
Inst Owner ChangeN/A
Ins Owners37.9%
Ins Owner ChangeN/A
Market Cap109.93M
Analysts85.71
Price Target32.64 (16.99%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.63% |
Yearly Dividend1
Dividend Growth(5Y)-21.98%
DP60.89%
Div Incr Years5
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-15.79%
PT rev (3m)-15.79%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-10.34%
EPS NY rev (3m)-22.77%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.22%
Revenue NY rev (3m)1.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.41 | ||
| Fwd PE | 14.79 | ||
| P/S | 1.43 | ||
| P/FCF | 14.3 | ||
| P/OCF | 10.83 | ||
| P/B | 2.42 | ||
| P/tB | 4.87 | ||
| EV/EBITDA | 8.73 |
EPS(TTM)1.7
EY6.09%
EPS(NY)1.89
Fwd EY6.76%
FCF(TTM)1.95
FCFY6.99%
OCF(TTM)2.58
OCFY9.23%
SpS19.57
BVpS11.52
TBVpS5.73
PEG (NY)N/A
PEG (5Y)1.23
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.92% | ||
| ROE | 13.44% | ||
| ROCE | 15.58% | ||
| ROIC | 11.18% | ||
| ROICexc | 13.69% | ||
| ROICexgc | 28.99% | ||
| OM | 10.69% | ||
| PM (TTM) | 7.91% | ||
| GM | 74.21% | ||
| FCFM | 9.97% |
ROA(3y)7.27%
ROA(5y)8.88%
ROE(3y)12.19%
ROE(5y)14.43%
ROIC(3y)11.35%
ROIC(5y)10.68%
ROICexc(3y)19.72%
ROICexc(5y)17.61%
ROICexgc(3y)55.72%
ROICexgc(5y)46.72%
ROCE(3y)15.8%
ROCE(5y)14.88%
ROICexcg growth 3Y22.96%
ROICexcg growth 5Y9.07%
ROICexc growth 3Y8.14%
ROICexc growth 5Y10.44%
OM growth 3Y-4.33%
OM growth 5Y2.88%
PM growth 3Y-13.17%
PM growth 5Y0.53%
GM growth 3Y3.01%
GM growth 5Y1.38%
F-Score7
Asset Turnover1.13
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.11 | ||
| Debt/FCF | 0.83 | ||
| Debt/EBITDA | 0.39 | ||
| Cap/Depr | 61.89% | ||
| Cap/Sales | 3.19% | ||
| Interest Coverage | 47.1 | ||
| Cash Conversion | 83.06% | ||
| Profit Quality | 126.03% | ||
| Current Ratio | 1.26 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | 4.56 |
F-Score7
WACC7.48%
ROIC/WACC1.5
Cap/Depr(3y)81.35%
Cap/Depr(5y)75.78%
Cap/Sales(3y)4.09%
Cap/Sales(5y)3.87%
Profit Quality(3y)126.82%
Profit Quality(5y)120.56%
High Growth Momentum
Growth
EPS 1Y (TTM)-0.4%
EPS 3Y-3.34%
EPS 5Y13.29%
EPS Q2Q%-63.33%
EPS Next Y-10.86%
EPS Next 2Y2.82%
EPS Next 3Y6.6%
EPS Next 5YN/A
Revenue 1Y (TTM)0.09%
Revenue growth 3Y8.02%
Revenue growth 5Y10.69%
Sales Q2Q%-0.84%
Revenue Next Year5.19%
Revenue Next 2Y8.11%
Revenue Next 3Y6.88%
Revenue Next 5Y5.94%
EBIT growth 1Y-16.06%
EBIT growth 3Y3.34%
EBIT growth 5Y13.87%
EBIT Next Year55.56%
EBIT Next 3Y18.56%
EBIT Next 5YN/A
FCF growth 1Y35.04%
FCF growth 3Y-5.47%
FCF growth 5Y8.83%
OCF growth 1Y6.08%
OCF growth 3Y-3.89%
OCF growth 5Y10.53%