SMARTPHOTO GROUP (SMAR.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:SMAR - BE0974323553 - Common Stock
26.4 EUR
-0.1 (-0.38%)
Overall SMAR gets a fundamental rating of 6 out of 10. We evaluated SMAR against 44 industry peers in the Commercial Services & Supplies industry. SMAR gets an excellent profitability rating and is at the same time showing great financial health properties. 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.
- In the past 5 years SMAR always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 6.31%, SMAR belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
- SMAR has a better Return On Equity (11.04%) than 66.67% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 10.19%, SMAR belongs to the top of the industry, outperforming 90.48% of the companies in the same industry.
- SMAR had an Average Return On Invested Capital over the past 3 years of 12.19%. This 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
- SMAR has a better Profit Margin (6.74%) than 73.81% of its industry peers.
- SMAR's Profit Margin has declined in the last couple of years.
- The Operating Margin of SMAR (8.96%) is better than 69.05% of its industry peers.
- SMAR's Operating Margin has declined in the last couple of years.
- SMAR has a better Gross Margin (73.09%) than 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
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SMAR is still creating some value.
- The number of shares outstanding for SMAR has been reduced compared to 1 year ago.
- SMAR has less shares outstanding than it did 5 years ago.
- The debt/assets ratio for SMAR has been reduced compared to a year ago.
2.2 Solvency
- SMAR has an Altman-Z score of 3.16. This indicates that SMAR is financially healthy and has little risk of bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 3.16, SMAR belongs to the top of the industry, outperforming 88.10% of the companies in the same industry.
- 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.
- Looking at the Debt to FCF ratio, with a value of 0.56, SMAR belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
- A Debt/Equity ratio of 0.06 indicates that SMAR is not too dependend on debt financing.
- SMAR has a Debt to Equity ratio of 0.06. This is amongst the best in the industry. SMAR outperforms 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
- SMAR has a Current Ratio of 1.22. This is a normal value and indicates that SMAR is financially healthy and should not expect problems in meeting its short term obligations.
- The Current ratio of SMAR (1.22) is comparable to the rest of the industry.
- A Quick Ratio of 1.06 indicates that SMAR should not have too much problems paying its short term obligations.
- With a Quick ratio value of 1.06, SMAR perfoms like the industry average, 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.
- The Earnings Per Share has been decreasing by -2.62% on average over the past years.
- The Revenue has been growing slightly by 4.01% in the past year.
- Measured over the past years, SMAR shows a quite strong growth in Revenue. The Revenue has been growing by 9.35% on average per year.
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.
- SMAR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.36% yearly.
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.
- 71.43% of the companies in the same industry are more expensive than SMAR, based on the Price/Earnings ratio.
- SMAR's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.39.
- SMAR is valuated correctly with a Price/Forward Earnings ratio of 13.62.
- The rest of the industry has a similar Price/Forward Earnings ratio as SMAR.
- The average S&P500 Price/Forward Earnings ratio is at 25.72. SMAR is valued slightly cheaper when compared to this.
| 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.
- The rest of the industry has a similar Price/Free Cash Flow ratio as SMAR.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.48 | ||
| EV/EBITDA | 7.35 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- SMAR has a very decent profitability rating, which 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
- With a Yearly Dividend Yield of 2.45%, SMAR has a reasonable but not impressive dividend return.
- SMAR's Dividend Yield is a higher than the industry average which is at 2.60.
- 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
- On average, the dividend of SMAR grows each year by 16.05%, which is quite nice.
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.
- The dividend of SMAR is growing, but the earnings are growing slower. 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%.