Capita bought ParkingEye, SPZ's biggest competitor in the UK, for £57.5m at roughly 2x revenue in late 2013 (http://www.thebusinessdesk.com/northwest/news/532755-capita-drives-away-with-57m-parkingeye).
5 years on Capita just sold ParkingEye to a vehicle owned by Macquarie and funds advised by MML Capital Partners for £235m in cash, valued at just under 6x revenue (https://www.capita.com/news/news/2018/capita-announces-the-disposal-of-parkingeye/).
Applying the same valuation metric SPZ could be worth $235m or 65c a share, assuming $40m revenue in FY19.
The high of 55c that SPZ hit 3 months ago isn't crazy after all.
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Last
92.0¢ |
Change
0.005(0.55%) |
Mkt cap ! $377.3M | |||
| Open | High | Low | Value | Volume |
| 91.0¢ | 94.0¢ | 91.0¢ | $573.6K | 622.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 90.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 94.0¢ | 17019 | 3 |
View Market Depth
| Last trade - 16.10pm 11/09/2025 (20 minute delay) ? |
| SPZ (ASX) Chart |