Morgan Stanley maintains AUD 11.00 target for Smartgroup stock

Published on 10/15/2026 at 22:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 13 percent to AUD 179.5 million in half-year 2026. Smartgroup stock costs EUR 23.40 on October 15, 2026, up 0.97 percent on ASX.

Morgan Stanley maintains target

On August 28, 2026, Morgan Stanley maintained an AUD 11.00 target and Hold rating.
Half-year 2026 revenue rose 13 percent to AUD 179.5 million.
Smartgroup stock costs EUR 23.40 at Lang & Schwarz on October 15, 2026 at 10:56 p.m. CEST, up 0.97 percent on ASX.
The next earnings report is scheduled for February 24, 2027.

SGH, AU0000364754, Illustration mit AI erstellt.

Smartgroup (ISIN AU0000364754) is trading at EUR 23.40 at Lang & Schwarz on October 15, 2026 at 10:56 p.m. CEST, up 0.97 percent on ASX. The Globe and Mail reported that Morgan Stanley maintained a Hold rating and an AUD 11.00 price target on August 28, 2026. The target was 4.26 percent below the ASX price of AUD 11.49.

Half-year revenue reached AUD 179.5 million

Smartgroup's latest reported period was the six months ended June 30, 2026. In its ASX announcement dated August 27, 2026, the company reported revenue of AUD 179.5 million, up 13 percent from the prior-year half-year. Operating EBITDA rose 16 percent to AUD 73.8 million, while the margin reached 41 percent.

The operating picture was supported by leasing demand. New battery electric vehicle orders increased 162 percent during the half-year, and novated leasing settlements rose 17 percent. Smartgroup also reported 518,000 active packaging customers and 91,600 novated leasing customers at June 30, 2026.

Price position and valuation

The ASX quote stood at AUD 11.49 on October 15, 2026 at 5:10 a.m. CEST, with a 52-week range of AUD 7.22 to AUD 13.65. The latest price was 15.82 percent below the 52-week high and 59.14 percent above the low. Trading volume reached 369,097 shares against an average of 594,674.

Smartgroup had a market capitalization of AUD 1.6 billion, a price-to-earnings ratio of 17.95 and a trailing dividend yield of 5.00 percent as of October 15, 2026. The next earnings report is scheduled for February 24, 2027, according to TradingView.

Comparison with peers

Smartgroup (ASX, AUD): up 0.97 percent, P/E 17.95, market capitalization AUD 1.6 billion.
McMillan Shakespeare (ASX, AUD): up 0.66 percent, P/E 12.13, market capitalization AUD 1.3 billion.
FleetPartners (ASX, AUD): minus 0.21 percent, P/E 13.54, market capitalization AUD 1.0 billion.

The euro quote after hours

Smartgroup's euro quotation is higher than its ASX level because the two figures use different currencies and venues. The ASX valuation remains the more direct measure for the company's home market, while the Lang & Schwarz price provides the euro perspective for German investors.

The stock was trading at EUR 23.40 at Lang & Schwarz on October 15, 2026 at 10:56 p.m. CEST, up 0.97 percent on ASX. The further course of trading is shown by the continuously updated real-time quote of SGH stock.