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Sylogist

BST:1WL
Snowflake Description

Outstanding track record with flawless balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
1WL
BST
CA$248M
Market Cap
  1. Home
  2. DE
  3. Software
Company description

Sylogist Ltd. provides enterprise resource planning (ERP) solutions to local governments, non-profit and non-governmental organizations, and K-12 education markets in Canada, the United States, the United Kingdom, and internationally. The last earnings update was 67 days ago. More info.


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1WL Share Price and Events
7 Day Returns
-0.7%
BST:1WL
6.2%
DE IT
2.4%
DE Market
1 Year Returns
7.5%
BST:1WL
6.7%
DE IT
-6.2%
DE Market
1WL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sylogist (1WL) -0.7% -10.1% -12.6% 7.5% - -
DE IT 6.2% 7.6% -9% 6.7% 148.7% 227.4%
DE Market 2.4% 3% 7.4% -6.2% 9.6% 14.1%
1 Year Return vs Industry and Market
  • 1WL outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
1WL
Industry
5yr Volatility vs Market

Value

 Is Sylogist undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Sylogist to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Sylogist.

BST:1WL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:1WL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.054 (1 + (1- 26.5%) (0%))
1.036
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.04
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.036 * 5.96%)
6.41%

Discounted Cash Flow Calculation for BST:1WL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sylogist is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BST:1WL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 6.41%)
2019 14.20 Analyst x1 13.35
2020 15.10 Analyst x1 13.34
2021 15.41 Est @ 2.05% 12.79
2022 15.64 Est @ 1.5% 12.20
2023 15.82 Est @ 1.12% 11.60
2024 15.95 Est @ 0.85% 10.99
2025 16.06 Est @ 0.67% 10.40
2026 16.14 Est @ 0.53% 9.82
2027 16.22 Est @ 0.44% 9.27
2028 16.28 Est @ 0.38% 8.75
Present value of next 10 years cash flows CA$112.51
BST:1WL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$16.28 × (1 + 0.23%) ÷ (6.41% – 0.23%)
CA$264.09
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$264.09 ÷ (1 + 6.41%)10
CA$141.95
BST:1WL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$112.51 + CA$141.95
CA$254.45
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$254.45 / 22.02
CA$11.55
BST:1WL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:1WL represents 0.64889x of TSXV:SYZ
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.64889x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 11.55 x 0.64889
€7.50
Value per share (EUR) From above. €7.50
Current discount Discount to share price of €7.30
= -1 x (€7.30 - €7.50) / €7.50
2.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Sylogist is available for.
Intrinsic value
3%
Share price is €7.3 vs Future cash flow value of €7.5
Current Discount Checks
For Sylogist to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Sylogist's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Sylogist's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sylogist's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sylogist's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:1WL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CAD CA$0.57
TSXV:SYZ Share Price ** TSXV (2019-04-18) in CAD CA$11.25
Germany IT Industry PE Ratio Median Figure of 20 Publicly-Listed IT Companies 25.77x
Germany Market PE Ratio Median Figure of 422 Publicly-Listed Companies 19.67x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sylogist.

BST:1WL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:SYZ Share Price ÷ EPS (both in CAD)

= 11.25 ÷ 0.57

19.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sylogist is good value based on earnings compared to the DE IT industry average.
  • Sylogist is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Sylogist's expected growth come at a high price?
Raw Data
BST:1WL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-7.6%per year
Germany IT Industry PEG Ratio Median Figure of 14 Publicly-Listed IT Companies 1.56x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Sylogist, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sylogist's assets?
Raw Data
BST:1WL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CAD CA$1.93
TSXV:SYZ Share Price * TSXV (2019-04-18) in CAD CA$11.25
Germany IT Industry PB Ratio Median Figure of 24 Publicly-Listed IT Companies 4.04x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.85x
BST:1WL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:SYZ Share Price ÷ Book Value per Share (both in CAD)

= 11.25 ÷ 1.93

5.82x

* Primary Listing of Sylogist.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sylogist is overvalued based on assets compared to the DE IT industry average.
X
Value checks
We assess Sylogist's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. Sylogist has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Sylogist expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

  • No analysts cover Sylogist, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-7.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sylogist expected to grow at an attractive rate?
  • Sylogist's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Sylogist's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Sylogist's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
BST:1WL Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:1WL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -7.6%
BST:1WL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 10.1%
Germany IT Industry Earnings Growth Rate Market Cap Weighted Average 23.6%
Germany IT Industry Revenue Growth Rate Market Cap Weighted Average 16.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:1WL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:1WL Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-09-30 45 17 2
2019-09-30 40 15 2
BST:1WL Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-12-31 39 15 13
2018-09-30 38 15 13
2018-06-30 37 13 11
2018-03-31 35 13 10
2017-12-31 34 15 9
2017-09-30 33 12 7
2017-06-30 33 11 7
2017-03-31 34 10 7
2016-12-31 35 9 6
2016-09-30 36 10 7
2016-06-30 35 11 5
2016-03-31 32 11 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sylogist's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Sylogist's revenue is expected to grow by 10.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:1WL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Sylogist Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:1WL Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-09-30
2019-09-30
BST:1WL Past Financials Data
Date (Data in CAD Millions) EPS *
2018-12-31 0.57
2018-09-30 0.59
2018-06-30 0.47
2018-03-31 0.43
2017-12-31 0.40
2017-09-30 0.32
2017-06-30 0.32
2017-03-31 0.29
2016-12-31 0.28
2016-09-30 0.28
2016-06-30 0.23
2016-03-31 0.20

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Sylogist will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Sylogist's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sylogist has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Sylogist performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sylogist's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sylogist has delivered over 20% year on year earnings growth in the past 5 years.
  • Sylogist's 1-year earnings growth exceeds its 5-year average (42.5% vs 29.3%)
  • Sylogist's earnings growth has exceeded the DE IT industry average in the past year (42.5% vs 18.1%).
Earnings and Revenue History
Sylogist's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sylogist Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:1WL Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 38.78 12.79 10.10 1.60
2018-09-30 38.19 13.17 9.83 1.61
2018-06-30 37.14 10.64 9.45 1.53
2018-03-31 35.09 9.65 9.26 1.42
2017-12-31 33.90 8.97 9.29 1.51
2017-09-30 32.93 7.22 9.62 1.44
2017-06-30 32.98 7.18 9.65 1.16
2017-03-31 33.67 6.63 10.28 1.08
2016-12-31 35.32 6.42 10.68 0.99
2016-09-30 35.85 6.64 11.18 0.88
2016-06-30 35.36 5.42 12.70 0.91
2016-03-31 32.37 4.93 12.43 0.94
2015-12-31 29.59 4.21 12.32 1.02
2015-09-30 27.35 2.55 12.57 0.98
2015-06-30 25.29 -0.32 12.73 1.01
2015-03-31 22.46 0.00 11.20 0.80
2014-12-31 18.59 0.42 9.86 0.57
2014-09-30 17.52 3.06 7.78 0.45
2014-06-30 15.22 6.76 5.48 0.18
2014-03-31 14.33 6.12 4.95 0.19
2013-12-31 13.93 5.79 4.46 0.17
2013-09-30 11.65 4.29 4.06 0.16
2013-06-30 10.68 3.09 3.22 0.15
2013-03-31 9.84 2.64 3.26 0.13
2012-12-31 9.48 2.30 3.27 0.13
2012-09-30 9.27 2.03 3.31 0.12
2012-06-30 9.52 2.00 3.55 0.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Sylogist has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Sylogist used its assets more efficiently than the DE IT industry average last year based on Return on Assets.
  • Sylogist has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sylogist's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sylogist has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Sylogist's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sylogist's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sylogist is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sylogist's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sylogist's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Sylogist has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sylogist Company Filings, last reported 3 months ago.

BST:1WL Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 42.55 0.00 30.45
2018-09-30 43.47 0.00 31.36
2018-06-30 41.72 0.00 30.11
2018-03-31 40.44 0.00 30.10
2017-12-31 40.66 0.00 27.70
2017-09-30 40.62 0.00 28.75
2017-06-30 41.36 0.00 29.94
2017-03-31 41.96 0.00 30.99
2016-12-31 41.80 0.00 25.31
2016-09-30 44.17 0.00 28.37
2016-06-30 45.05 0.00 31.14
2016-03-31 46.83 0.00 33.61
2015-12-31 50.01 0.00 32.51
2015-09-30 58.41 0.00 41.10
2015-06-30 60.80 0.00 44.01
2015-03-31 60.02 0.00 44.22
2014-12-31 58.74 0.00 39.28
2014-09-30 58.95 0.00 42.08
2014-06-30 34.67 0.00 24.49
2014-03-31 20.11 0.00 12.16
2013-12-31 20.34 0.00 8.87
2013-09-30 17.19 0.00 9.70
2013-06-30 16.15 0.00 14.43
2013-03-31 15.68 0.00 15.00
2012-12-31 14.16 0.00 11.20
2012-09-30 13.87 0.00 11.67
2012-06-30 16.69 0.00 15.28
  • Sylogist has no debt.
  • Sylogist had no debt 5 years ago.
  • Sylogist has no debt, it does not need to be covered by operating cash flow.
  • Sylogist has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Sylogist's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sylogist has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Sylogist's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.82%
Current annual income from Sylogist dividends.
If you bought €2,000 of Sylogist shares you are expected to receive €76 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Sylogist's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Sylogist's dividend is above the markets top 25% of dividend payers in Germany (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:1WL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Germany IT Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 0.6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 325 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:1WL Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2020-09-30
2019-09-30
BST:1WL Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2019-02-11 0.430 3.557
2018-11-15 0.430 3.366
2018-08-13 0.370 2.805
2018-05-01 0.370 3.138
2018-02-21 0.370 3.480
2017-11-21 0.370 3.700
2017-08-15 0.330 3.676
2017-05-11 0.330 3.766
2017-02-22 0.330 4.001
2016-11-10 0.330 3.264
2016-05-10 0.260 2.541
2016-02-11 0.260 2.980
2015-11-18 0.260 3.395
2015-08-13 0.250 3.758
2015-05-21 0.250 3.270
2015-02-24 0.240 3.170
2014-11-19 0.240 2.575
2014-08-14 0.220 2.043
2014-05-20 0.220 2.396
2014-02-19 0.200 2.291
2013-11-25 0.180 2.518
2013-08-26 0.180 2.640
2013-05-16 0.160 2.793
2013-02-19 0.160 3.442
2012-11-14 0.160 4.210
2012-08-27 0.140 4.616
2012-05-10 0.120 6.008
2012-02-21 0.120 6.316
2011-11-21 0.100 5.504
2011-08-22 0.100 5.827
2011-05-06 0.100 5.157
2011-02-16 0.080 3.832
2010-11-22 0.080 3.511
2010-08-18 0.070 2.850
2010-05-05 0.066 2.933
2010-02-11 0.060 3.246

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Sylogist has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Sylogist only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Sylogist's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sylogist's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sylogist afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sylogist has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Sylogist's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jim Wilson
COMPENSATION CA$2,279,403
TENURE AS CEO 10.9 years
CEO Bio

Mr. James D. Wilson, also known as Jim, has been Chief Executive Officer and President of Sylogist Ltd. since May 8, 2008. Mr. Wilson has been the President of Joss Capital Corp., a private investment and consulting firm Since 1995. Mr. Wilson served as Vice President of Service Activities of Equitrac Corp. since March 15, 2004. He served as Chief Executive Officer at Sylogist Ltd. from July 7, 2004 to August 13, 2007 and served as President at Sylogist Ltd. from July 7, 2004 to January 30, 2007. He served as Chief Executive Officer of ePoint, a developer of mobile applications and mobile infrastructure software from 1986 to March 2004. Mr. Wilson served for four years at Sun Microsystems where he was responsible for full operational and infrastructure support at America's Enterprise Service Organization. He served as a Director of Worldwide Sales and Technical Support of Encore Computer Corporation, a world leader in real time and distributed computing solutions, located in Melbourne, FL. Mr. Wilson began his career as a Customer Engineer and worked at some of the largest computer companies including Burroughs Corporation and Gould CSD. He has been Chairman of Sylogist Ltd. since May 2008. He served as an Executive Chairman of Sylogist Ltd. from August 13, 2007 May 08, 2008. Mr. Wilson served as Chairman of the Board of Sylogist Ltd. from February 2002 to July 7, 2004. He has been a Director of Sylogist Ltd. since October 2001 and Vital Retirement Living Inc. since May 1998. He served as a Director of WWS Capital Corp. from March 2000 to December 2002. He holds B.Sc and MBA degrees from McMaster University.

CEO Compensation
  • Jim's compensation has been consistent with company performance over the past year.
  • Jim's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Sylogist management team in years:

2.5
Average Tenure
  • The tenure for the Sylogist management team is about average.
Management Team

Jim Wilson

TITLE
Chairman
COMPENSATION
CA$2M
TENURE
10.9 yrs

Xavier Shorter

TITLE
VP of Finance & CFO
COMPENSATION
CA$412K
TENURE
2.5 yrs

Donna Smiley

TITLE
Vice President of Operations
COMPENSATION
CA$290K
TENURE
0.3 yrs

Andre Drouillard

TITLE
Vice President of Business Development & Investor Relations
COMPENSATION
CA$413K
TENURE
1.8 yrs

Dave Elder

TITLE
Executive VP
COMPENSATION
CA$1M
TENURE
13.2 yrs

Malgorzata Lewandowski

TITLE
Corporate Controller & Treasurer
COMPENSATION
CA$292K
Board of Directors Tenure

Average tenure of the Sylogist board of directors in years:

10.9
Average Tenure
  • The average tenure for the Sylogist board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jim Wilson

TITLE
Chairman
COMPENSATION
CA$2M
TENURE
10.9 yrs

Dave Elder

TITLE
Executive VP
COMPENSATION
CA$1M
TENURE
10.8 yrs

C. Elliott

TITLE
Director
COMPENSATION
CA$40K
AGE
61
TENURE
11.2 yrs

Ron Cherkas

TITLE
Independent Director
COMPENSATION
CA$40K
TENURE
14.2 yrs

Taylor Gray

TITLE
Director
COMPENSATION
CA$159K
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Sylogist insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
22. Mar 19 Buy David O. Elder Individual 22. Mar 19 22. Mar 19 3,600 €8.16 €29,363
18. Mar 19 Buy David O. Elder Individual 15. Mar 19 15. Mar 19 1,400 €8.18 €11,451
19. Dec 18 Buy James Wilson Individual 14. Dec 18 14. Dec 18 2,500 €8.24 €20,590
14. Dec 18 Buy James Wilson Individual 13. Dec 18 13. Dec 18 2,500 €8.24 €20,598
30. Nov 18 Buy David O. Elder Individual 28. Nov 18 28. Nov 18 2,379 €8.85 €21,058
28. Nov 18 Buy James Wilson Individual 27. Nov 18 28. Nov 18 9,200 €9.04 €82,153
23. Nov 18 Buy David O. Elder Individual 22. Nov 18 23. Nov 18 1,100 €9.08 €9,981
22. Nov 18 Buy David O. Elder Individual 21. Nov 18 21. Nov 18 2,900 €8.91 €25,832
19. Nov 18 Buy David O. Elder Individual 15. Nov 18 16. Nov 18 4,200 €9.32 €38,876
10. Oct 18 Buy David O. Elder Individual 10. Oct 18 10. Oct 18 2,500 €8.41 €21,027
09. Oct 18 Buy David O. Elder Individual 05. Oct 18 09. Oct 18 7,500 €8.59 €63,637
09. Oct 18 Buy James Wilson Individual 09. Oct 18 09. Oct 18 5,000 €8.47 €42,355
05. Oct 18 Buy James Wilson Individual 05. Oct 18 05. Oct 18 800 €8.46 €6,769
02. Aug 18 Buy James Wilson Individual 01. Aug 18 01. Aug 18 5,000 €7.94 €39,703
26. Jul 18 Buy James Wilson Individual 25. Jul 18 25. Jul 18 5,000 €8.03 €40,167
03. Jul 18 Buy David O. Elder Individual 29. Jun 18 29. Jun 18 300 €7.63 €2,289
29. Jun 18 Buy James Wilson Individual 28. Jun 18 28. Jun 18 2,700 €7.65 €20,662
21. Jun 18 Buy James Wilson Individual 20. Jun 18 20. Jun 18 4,800 €7.47 €35,836
02. May 18 Buy James Wilson Individual 02. May 18 02. May 18 7,500 €7.09 €53,146
X
Management checks
We assess Sylogist's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sylogist has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Sylogist Ltd. provides enterprise resource planning (ERP) solutions to local governments, non-profit and non-governmental organizations, and K-12 education markets in Canada, the United States, the United Kingdom, and internationally. It offers Serenic Navigator solutions comprises accounting and financial management, award and budget management, payroll and human resources, analytics and decision support, reporting, deposits and loans, and field connect products. The company also provides NaviPayroll, an integrated payroll management and human resources solution; NaviTrak, a manufacturing or warehousing solutions; NaviView terminal, an industrial-strength touch-screen terminal that securely runs any application; NaviNet that captures data from various shop floor systems and data collection devices, and distributes processed data to a multitude of systems, including ERP and enterprise systems; and NaviBridge, a suite of integration and administration tools to setup, integrate, monitor, and manage data transfers between ERP and legacy systems, distributed mobile systems, and web-based applications. In addition, it offers payment solutions, such as fuel payment and fleet management solutions. The company also serves education boards; and districts, defense, and safety contractors. Sylogist Ltd. was incorporated in 1993 and is headquartered in Calgary, Canada.

Details
Name: Sylogist Ltd.
1WL
Exchange: BST
Founded: 1993
CA$164,529,082
22,023,394
Website: http://www.sylogist.com
Address: Sylogist Ltd.
5 Richard Way SW,
Suite 102,
Calgary,
Alberta, T3E 7M8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV SYZ Common Shares TSX Venture Exchange CA CAD 15. Oct 1998
OTCPK SYZL.F Common Shares Pink Sheets LLC US USD 15. Oct 1998
BST 1WL Common Shares Boerse-Stuttgart DE EUR 15. Oct 1998
Number of employees
Current staff
Staff numbers
0
Sylogist employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/19 22:17
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/02/12
Last earnings filing: 2019/02/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.