BST:1WL

Stock Analysis Report

Executive Summary

Sylogist Ltd. provides enterprise resource planning (ERP) solutions to local governments, non-profit and non-governmental organizations, and K-12 education markets worldwide.


Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

How has Sylogist's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1WL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

4.8%

1WL

-4.1%

DE IT

-0.2%

DE Market


1 Year Return

-22.2%

1WL

37.9%

DE IT

13.7%

DE Market

Return vs Industry: 1WL underperformed the German IT industry which returned 37.9% over the past year.

Return vs Market: 1WL underperformed the German Market which returned 13.7% over the past year.


Shareholder returns

1WLIndustryMarket
7 Day4.8%-4.1%-0.2%
30 Day10.9%5.0%0.3%
90 Day-2.9%16.7%3.7%
1 Year-19.4%-22.2%38.7%37.9%17.2%13.7%
3 Yearn/a159.3%152.2%15.4%5.3%
5 Yearn/a232.9%219.4%21.3%4.7%

Price Volatility Vs. Market

How volatile is Sylogist's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Sylogist undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 1WL (€6.6) is trading below our estimate of fair value (€14.18)

Significantly Below Fair Value: 1WL is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 1WL is poor value based on its PE Ratio (219x) compared to the IT industry average (33.1x).

PE vs Market: 1WL is poor value based on its PE Ratio (219x) compared to the German market (20.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1WL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1WL is good value based on its PB Ratio (4.5x) compared to the DE IT industry average (4.8x).


Next Steps

Future Growth

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

0.3%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 1WL's forecast earnings growth is above the savings rate (-0.4%).

Earnings vs Market: Insufficient data to determine if 1WL's earnings are forecast to grow faster than the German market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 1WL's revenue (0.3% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: 1WL's revenue (0.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 1WL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Sylogist performed over the past 5 years?

30.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1WL has a large one-off loss of CA$12.5M impacting its December 31 2019 financial results.

Growing Profit Margin: 1WL's current net profit margins (2.7%) are lower than last year (33%).


Past Earnings Growth Analysis

Earnings Trend: 1WL's earnings have grown significantly by 30.1% per year over the past 5 years.

Accelerating Growth: 1WL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 1WL had negative earnings growth (-92.1%) over the past year, making it difficult to compare to the IT industry average (16.1%).


Return on Equity

High ROE: 1WL's Return on Equity (2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Sylogist's financial position?


Financial Position Analysis

Short Term Liabilities: 1WL's short term assets (CA$43.8M) exceed its short term liabilities (CA$13.6M).

Long Term Liabilities: 1WL's short term assets (CA$43.8M) exceed its long term liabilities (CA$1.9M).


Debt to Equity History and Analysis

Debt Level: 1WL is debt free.

Reducing Debt: 1WL has not had any debt for past 5 years.

Debt Coverage: 1WL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 1WL has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 1WL has a low level of unsold assets or inventory.

Debt Coverage by Assets: 1WL's debt is covered by short term assets (assets are 3.9412801778969E+17x debt).


Next Steps

Dividend

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

4.15%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 1WL's dividend (4.15%) is higher than the bottom 25% of dividend payers in the German market (1.31%).

High Dividend: 1WL's dividend (4.15%) is in the top 25% of dividend payers in the German market (3.65%)


Stability and Growth of Payments

Stable Dividend: 1WL's dividend payments have been volatile in the past 10 years.

Growing Dividend: 1WL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (885.1%), 1WL's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.3yrs

Average management tenure


CEO

Jim Wilson 0

11.8yrs

Tenure

CA$2,279,403

Compensation

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  ...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD1.72M) is above average for companies of similar size in the German market ($USD625.18K).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
James Wilson
Chairman11.8yrsCA$2.28m1.26% CA$2.0m
Xavier Shorter
VP of Finance & CFO3.3yrsCA$411.94k0.022% CA$35.0k
Donna Smiley
Vice President of Operations1.1yrsCA$289.76kno data
Andre Drouillard
Vice President of Business Development & Investor Relations2.7yrsCA$413.49kno data
David O. Elder
Executive VP11.7yrsCA$1.16m2.19% CA$3.5m
Malgorzata Lewandowski
Corporate Controller & Treasurer0yrsCA$291.88kno data

3.3yrs

Average Tenure

Experienced Management: 1WL's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
James Wilson
Chairman11.8yrsCA$2.28m1.26% CA$2.0m
David O. Elder
Executive VP11.7yrsCA$1.16m2.19% CA$3.5m
C. Elliott
Independent Director12yrsCA$40.00k1.56% CA$2.5m
Ronald Cherkas
Independent Director15yrsCA$40.00k1.75% CA$2.8m
Taylor Gray
Independent Director2.1yrsCA$158.90k0.056% CA$90.3k
Barry Foster
Independent Director0.6yrsno data2.89% CA$4.6m

11.7yrs

Average Tenure

Experienced Board: 1WL's board of directors are seasoned and experienced ( 11.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: 1WL insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.4%.


Top Shareholders

Company Information

Sylogist Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sylogist Ltd.
  • Ticker: 1WL
  • Exchange: BST
  • Founded: 1993
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: CA$229.208m
  • Listing Market Cap: CA$160.150m
  • Shares outstanding: 23.78m
  • Website: https://www.sylogist.com

Number of Employees


Location

  • Sylogist Ltd.
  • 5 Richard Way SW
  • Suite 102
  • Calgary
  • Alberta
  • T3E 7M8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SYZTSXV (TSX Venture Exchange)YesCommon SharesCACADOct 1998
SYZL.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 1998
1WLBST (Boerse-Stuttgart)YesCommon SharesDEEUROct 1998

Biography

Sylogist Ltd. provides enterprise resource planning (ERP) solutions to local governments, non-profit and non-governmental organizations, and K-12 education markets worldwide. 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 and distribution solution; 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 tool to setup, integrate, monitor, and manage data transfers between ERP and legacy systems, distributed mobile systems, and Web-based applications. It also serves education boards; and districts, defense, and safety contractors. Sylogist Ltd. was incorporated in 1993 and is headquartered in Calgary, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 23:03
End of Day Share Price2020/02/20 00:00
Earnings2019/12/31
Annual Earnings2019/09/30


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.