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SYT

Softing XTRA:SYT Stock Report

Last Price

€5.80

Market Cap

€52.3m

7D

1.4%

1Y

-18.5%

Updated

24 Jun, 2022

Data

Company Financials +
SYT fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance0/6
Financial Health4/6
Dividends2/6

SYT Stock Overview

Softing AG develops software, hardware, and system solutions worldwide.

Rewards

Trading at 69.6% below our estimate of its fair value

Earnings are forecast to grow 89.14% per year

Risk Analysis

Dividend of 1.72% is not well covered by earnings

Does not have a meaningful market cap (€52M)


Softing Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Softing
Historical stock prices
Current Share Price€5.80
52 Week High€7.82
52 Week Low€5.20
Beta1.14
1 Month Change-1.36%
3 Month Change-1.70%
1 Year Change-18.54%
3 Year Change-20.33%
5 Year Change-49.94%
Change since IPO-64.85%

Recent News & Updates

Shareholder Returns

SYTDE ElectronicDE Market
7D1.4%0.2%-0.1%
1Y-18.5%-25.1%-22.0%

Return vs Industry: SYT exceeded the German Electronic industry which returned -26.8% over the past year.

Return vs Market: SYT exceeded the German Market which returned -23% over the past year.

Price Volatility

Is SYT's price volatile compared to industry and market?
SYT volatility
SYT Average Weekly Movement3.5%
Electronic Industry Average Movement5.7%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.0%
10% least volatile stocks in DE Market2.8%

Stable Share Price: SYT is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: SYT's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1979383Wolfgang Trierhttps://company.softing.com

Softing AG develops software, hardware, and system solutions worldwide. The company operates through three segments: Industrial, Automotive, and IT Networks. It offers industrial communications solutions and products for the manufacturing and process industry.

Softing Fundamentals Summary

How do Softing's earnings and revenue compare to its market cap?
SYT fundamental statistics
Market Cap€52.29m
Earnings (TTM)-€2.13m
Revenue (TTM)€89.26m

0.6x

P/S Ratio

-24.6x

P/E Ratio

Is SYT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
SYT income statement (TTM)
Revenue€89.26m
Cost of Revenue€40.10m
Gross Profit€49.16m
Other Expenses€51.29m
Earnings-€2.13m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.24
Gross Margin55.08%
Net Profit Margin-2.38%
Debt/Equity Ratio20.1%

How did SYT perform over the long term?

See historical performance and comparison

Dividends

1.7%

Current Dividend Yield

-42%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is SYT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SYT?

Other financial metrics that can be useful for relative valuation.

SYT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA36.1x
PEG Ration/a

Price to Sales Ratio vs Peers

How does SYT's PS Ratio compare to its peers?

SYT PS Ratio vs Peers
The above table shows the PS ratio for SYT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average0.8x

Price-To-Sales vs Peers: SYT is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (0.8x).

Price to Earnings Ratio vs Industry

How does SYT's PE Ratio compare vs other companies in the German Electronic Industry?

Price-To-Sales vs Industry: SYT is good value based on its Price-To-Sales Ratio (0.6x) compared to the German Electronic industry average (0.9x)

Price to Sales Ratio vs Fair Ratio

What is SYT's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SYT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ratio1.3x

Price-To-Sales vs Fair Ratio: SYT is good value based on its Price-To-Sales Ratio (0.6x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).

Share Price vs Fair Value

What is the Fair Price of SYT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SYT (€5.8) is trading below our estimate of fair value (€19.05)

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

Price to Earnings Growth Ratio

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

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Future Growth

How is Softing forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE

89.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SYT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.05%).

Earnings vs Market: SYT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SYT is expected to become profitable in the next 3 years.

Revenue vs Market: SYT's revenue (7.3% per year) is forecast to grow faster than the German market (4.8% per year).

High Growth Revenue: SYT's revenue (7.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SYT's Return on Equity is forecast to be low in 3 years time (5.8%).

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Past Performance

How has Softing performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE

-55.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SYT is currently unprofitable.

Growing Profit Margin: SYT is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: SYT is unprofitable, and losses have increased over the past 5 years at a rate of 55.7% per year.

Accelerating Growth: Unable to compare SYT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SYT is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (35.2%).

Return on Equity

High ROE: SYT has a negative Return on Equity (-3.12%), as it is currently unprofitable.

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Financial Health

How is Softing's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SYT's short term assets (€39.2M) exceed its short term liabilities (€23.4M).

Long Term Liabilities: SYT's short term assets (€39.2M) exceed its long term liabilities (€19.4M).

Debt to Equity History and Analysis

Debt Level: SYT's net debt to equity ratio (6.2%) is considered satisfactory.

Reducing Debt: SYT's debt to equity ratio has increased from 19.4% to 20.1% over the past 5 years.

Debt Coverage: SYT's debt is well covered by operating cash flow (64.6%).

Interest Coverage: Insufficient data to determine if SYT's interest payments on its debt are well covered by EBIT.

Balance Sheet

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Dividend

What is Softing current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

1.72%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SYT's dividend (1.72%) is higher than the bottom 25% of dividend payers in the German market (1.47%).

High Dividend: SYT's dividend (1.72%) is low compared to the top 25% of dividend payers in the German market (4.57%).

Stability and Growth of Payments

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

Growing Dividend: SYT's dividend payments have fallen over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: SYT is paying a dividend but the company is unprofitable.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (44.6%), SYT's dividend payments are well covered by cash flows.

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Management

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

9.1yrs

Average board tenure

CEO

Wolfgang Trier

20.17yrs

Tenure

€1,074,000

Compensation

Dr.-Ing. Dr. rer.oec. Wolfgang Trier serves as the Chairman of the Executive Board and Chief Executive Officer at Softing AG. Dr.-Ing.Dr. rer.oec Trier serves as the Head of Investor Relations and Industr...

CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Wolfgang's total compensation is reasonable compared to companies of similar size in the German market.

Compensation vs Earnings: Insufficient data to compare Wolfgang's compensation with company performance.

Board Members

Experienced Board: SYT's board of directors are considered experienced (9.1 years average tenure).

Ownership

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

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

Softing AG's employee growth, exchange listings and data sources

Key Information

  • Name: Softing AG
  • Ticker: SYT
  • Exchange: XTRA
  • Founded: 1979
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Implied Market Cap: €52.289m
  • Shares outstanding: 9.02m
  • Website: https://company.softing.com

Number of Employees

Location

  • Softing AG
  • Richard-Reitzner-Allee 6
  • Haar
  • Bavaria
  • 85540
  • Germany

Listings

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/24 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.