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SCISYS

AIM:SSY
Snowflake Description

Undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SSY
AIM
£44M
Market Cap
  1. Home
  2. GB
  3. Software
Company description

SCISYS PLC provides IT services to large corporations and public sector organizations in the United Kingdom, rest of Europe, and internationally. The last earnings update was 71 days ago. More info.


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SSY Share Price and Events
7 Day Returns
2.3%
AIM:SSY
1.5%
GB IT
0.8%
GB Market
1 Year Returns
27.1%
AIM:SSY
-7.2%
GB IT
-4.1%
GB Market
SSY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SCISYS (SSY) 2.3% -7.6% -18.2% 27.1% 117.9% 119.8%
GB IT 1.5% -6.2% -19.7% -7.2% 27.7% -7.3%
GB Market 0.8% 0.3% -5.7% -4.1% 6.8% -7.7%
1 Year Return vs Industry and Market
  • SSY outperformed the IT industry which returned -7.2% over the past year.
  • SSY outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -4.1% over the past year.
Price Volatility
SSY
Industry
5yr Volatility vs Market

SSY Value

 Is SCISYS 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 SCISYS 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 SCISYS.

AIM:SSY 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 8.6%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.4%

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 AIM:SSY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 8.6%
IT Unlevered Beta Simply Wall St/ S&P Global 0.68
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.679 (1 + (1- 19%) (28.63%))
0.837
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.4% + (0.837 * 8.6%)
8.59%

Discounted Cash Flow Calculation for AIM:SSY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SCISYS is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

AIM:SSY DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (GBP, Millions) 4.50 4.84 5.21 5.61 6.04
Source Analyst x1 Est @ 7.63% Est @ 7.63% Est @ 7.63% Est @ 7.63%
Present Value
Discounted (@ 8.59%)
4.14 4.11 4.07 4.03 4.00
Present value of next 5 years cash flows £20.35
AIM:SSY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= £6.04 × (1 + 1.4%) ÷ (8.59% – 1.4%)
£85.07
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= £85.07 ÷ (1 + 8.59%)5
£56.33
AIM:SSY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= £20.35 + £56.33
£76.68
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £76.68 / 29.35
£2.61
AIM:SSY Discount to Share Price
Calculation Result
Value per share (GBP) From above. £2.61
Current discount Discount to share price of £1.53
= -1 x (£1.53 - £2.61) / £2.61
41.6%

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

Current Discount
Amount off the current price SCISYS is available for.
Intrinsic value
42%
Share price is £1.53 vs Future cash flow value of £2.61
Current Discount Checks
For SCISYS to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SCISYS's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SCISYS's share price is below the future cash flow value, and 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 SCISYS's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SCISYS's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
AIM:SSY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in GBP £0.19
AIM:SSY Share Price ** AIM (2018-11-29) in GBP £1.53
United Kingdom of Great Britain and Northern Ireland IT Industry PE Ratio Median Figure of 25 Publicly-Listed IT Companies 30.68x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 813 Publicly-Listed Companies 15.7x

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

** Primary Listing of SCISYS.

AIM:SSY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AIM:SSY Share Price ÷ EPS (both in GBP)

= 1.53 ÷ 0.19

8.05x

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

  • SCISYS is good value based on earnings compared to the GB IT industry average.
  • SCISYS is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does SCISYS's expected growth come at a high price?
Raw Data
AIM:SSY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
-12.6%per year
United Kingdom of Great Britain and Northern Ireland IT Industry PEG Ratio Median Figure of 18 Publicly-Listed IT Companies 1.46x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 583 Publicly-Listed Companies 1.31x

*Line of best fit is calculated by linear regression .

AIM:SSY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.05x ÷ -12.6%

-0.64x

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

  • SCISYS earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SCISYS's assets?
Raw Data
AIM:SSY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in GBP £0.90
AIM:SSY Share Price * AIM (2018-11-29) in GBP £1.53
United Kingdom of Great Britain and Northern Ireland IT Industry PB Ratio Median Figure of 40 Publicly-Listed IT Companies 3.07x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,348 Publicly-Listed Companies 1.5x
AIM:SSY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AIM:SSY Share Price ÷ Book Value per Share (both in GBP)

= 1.53 ÷ 0.90

1.69x

* Primary Listing of SCISYS.

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

  • SCISYS is good value based on assets compared to the GB IT industry average.
X
Value checks
We assess SCISYS'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. SCISYS has a total score of 5/6, 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.

SSY Future Performance

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

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
-12.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SCISYS expected to grow at an attractive rate?
  • SCISYS's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.4%.
Growth vs Market Checks
  • SCISYS's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • SCISYS's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
AIM:SSY Future Growth Rates Data Sources
Data Point Source Value (per year)
AIM:SSY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts -12.6%
AIM:SSY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 2.3%
United Kingdom of Great Britain and Northern Ireland IT Industry Earnings Growth Rate Market Cap Weighted Average 17.4%
United Kingdom of Great Britain and Northern Ireland IT Industry Revenue Growth Rate Market Cap Weighted Average 9.7%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 12%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4%

*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
AIM:SSY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
AIM:SSY Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 62 3 1
2019-12-31 60 6 3 2
2018-12-31 57 7 2 2
AIM:SSY Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-06-30 61 11 6
2018-03-31 59 11 4
2017-12-31 57 11 3
2017-09-30 52 7 2
2017-06-30 49 3 -0
2017-03-31 47 2 1
2016-12-31 46 2 2
2016-09-30 44 3 2
2016-06-30 42 4 3
2016-03-31 39 2 1
2015-12-31 36 1 0
2015-09-30 36 2 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SCISYS's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • SCISYS's revenue is expected to grow by 2.3% 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
AIM:SSY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from SCISYS Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:SSY Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.09 0.09 0.09 1.00
2019-12-31 0.10 0.11 0.09 2.00
2018-12-31 0.06 0.07 0.05 2.00
AIM:SSY Past Financials Data
Date (Data in GBP Millions) EPS *
2018-06-30 0.19
2018-03-31 0.15
2017-12-31 0.12
2017-09-30 0.06
2017-06-30 -0.00
2017-03-31 0.04
2016-12-31 0.08
2016-09-30 0.08
2016-06-30 0.09
2016-03-31 0.05
2015-12-31 0.01
2015-09-30 0.00

*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 SCISYS will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess SCISYS'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
SCISYS has a total score of 0/6, 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.

SSY Past Performance

  How has SCISYS 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 SCISYS'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.
  • SCISYS has delivered over 20% year on year earnings growth in the past 5 years.
  • SCISYS has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • SCISYS has become profitable in the last year making it difficult to compare the GB IT industry average.
Earnings and Revenue History
SCISYS'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 SCISYS Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

AIM:SSY Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 60.62 5.54
2018-03-31 58.89 4.45
2017-12-31 57.16 3.35
2017-09-30 52.02 1.66
2017-06-30 48.79 -0.02
2017-03-31 47.27 1.10
2016-12-31 45.74 2.22
2016-09-30 43.77 2.42
2016-06-30 41.81 2.62
2016-03-31 38.96 1.49
2015-12-31 36.11 0.37
2015-09-30 35.92 0.02 0.05
2015-06-30 35.74 -0.33 0.10
2015-03-31 38.05 0.95 0.10
2014-12-31 40.36 2.24 0.10
2014-09-30 41.37 2.07 0.05
2014-06-30 42.38 1.89
2014-03-31 42.49 1.62
2013-12-31 42.60 1.34
2013-09-30 41.90 1.45
2013-06-30 41.20 1.56
2013-03-31 40.32 1.60
2012-12-31 39.45 1.64
2012-09-30 39.67 1.72
2012-06-30 39.89 1.80
2012-03-31 41.09 1.78
2011-12-31 42.28 1.76

*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.
  • SCISYS has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • SCISYS used its assets more efficiently than the GB IT industry average last year based on Return on Assets.
  • SCISYS has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess SCISYS'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.
SCISYS has a total score of 4/6, 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.

SSY Health

 How is SCISYS'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 SCISYS's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SCISYS is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SCISYS's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SCISYS'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.
  • Debt is covered by short term assets, assets are 2.8x debt.
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 SCISYS Company Filings, last reported 5 months ago.

AIM:SSY Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 26.56 12.73 9.39
2018-03-31 26.56 12.73 9.39
2017-12-31 25.71 13.96 8.02
2017-09-30 25.71 13.96 8.02
2017-06-30 21.08 16.22 7.17
2017-03-31 21.08 16.22 7.17
2016-12-31 22.71 17.16 6.92
2016-09-30 22.71 17.16 6.92
2016-06-30 21.73 4.22 5.62
2016-03-31 21.73 4.22 5.62
2015-12-31 20.06 5.31 4.35
2015-09-30 20.06 5.31 4.35
2015-06-30 18.34 6.08 4.21
2015-03-31 18.34 6.08 4.21
2014-12-31 20.46 5.47 5.80
2014-09-30 20.46 5.47 5.80
2014-06-30 19.95 4.62 2.82
2014-03-31 19.95 4.62 2.82
2013-12-31 19.08 6.64 3.97
2013-09-30 19.08 6.64 3.97
2013-06-30 18.87 5.37 3.30
2013-03-31 18.87 5.37 3.30
2012-12-31 17.94 6.22 7.46
2012-09-30 17.94 6.22 7.46
2012-06-30 17.19 5.00 4.21
2012-03-31 17.19 5.00 4.21
2011-12-31 16.69 5.24 5.21
  • SCISYS's level of debt (47.9%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (28.5% vs 47.9% today).
  • Debt is well covered by operating cash flow (86%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.5x coverage).
X
Financial health checks
We assess SCISYS'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. SCISYS has a total score of 4/6, 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.

SSY Dividends

 What is SCISYS'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
1.42%
Current annual income from SCISYS dividends. Estimated to be 1.69% next year.
If you bought £2,000 of SCISYS shares you are expected to receive £28 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?
  • SCISYS's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.99%).
  • SCISYS's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.26%).
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
AIM:SSY 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
United Kingdom of Great Britain and Northern Ireland IT Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 2.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 704 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

AIM:SSY Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.03 1.00
2019-12-31 0.03 2.00
2018-12-31 0.02 2.00
AIM:SSY Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2018-04-19 0.022 1.272
2018-03-27 0.022 1.556
2017-04-12 0.020 1.763
2017-03-30 0.020 1.811
2016-09-22 0.011 1.041
2016-03-31 0.018 2.394
2016-02-29 0.018 2.588
2015-09-24 0.000 0.000
2015-05-01 0.016 2.412
2015-03-26 0.016 1.907
2014-04-14 0.015 1.626
2014-03-26 0.015 1.662
2013-03-21 0.013 1.858
2012-04-02 0.012 2.066
2012-03-22 0.012 2.333
2011-04-12 0.011 2.210
2011-03-29 0.011 2.165
2010-03-25 0.010 2.199
2009-09-24 0.006 1.294
2009-03-26 0.000 0.000
2008-12-31 0.000 0.000
2008-12-01 0.000 0.000

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of SCISYS's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (8.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.9x coverage).
X
Income/ dividend checks
We assess SCISYS's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 SCISYS afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SCISYS 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.

SSY Management

 What is the CEO of SCISYS'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
Klaus Heidrich
COMPENSATION £262,667
AGE 58
TENURE AS CEO 4.8 years
CEO Bio

Mr. Klaus Martin Heidrich has been the Chief Executive Officer of SciSys plc since January 01, 2014 and served as its Chief Operating Officer from January 01, 2012 to January 01, 2014. Mr. Heidrich serves as the Chief Operating Officer at VCS Aktiengesellschaft and has been Member of the Management Board since 2009. Since 2005, he has been director of the business unit Media Broadcasting Solutions jointly with Dr. Karl-W. Pieper. In 1989, Mr. Heidrich joined VCS as a sales engineer after working as sound engineer and musician for 3 years. From 1992 on he was responsible for marketing & sales of VCS and developed VCS' media activities until he left VCS for Management Data AG in Hamburg in 1999. A year later, Mr. Heidrich came back to VCS and took responsibility for corporate development within corporate management. He has been an Executive Director for SciSys plc since January 01, 2012. Mr. Heidrich studied Electrical Engineering with a focus on Communications Engineering at the University of Dortmund and gained a Masters Degree in Electronics Engineering.

CEO Compensation
  • Klaus's compensation has increased in line with SCISYS recently becoming profitable.
  • Klaus's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the SCISYS management team in years:

11.8
Average Tenure
60
Average Age
  • The average tenure for the SCISYS management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Klaus Heidrich

TITLE
CEO & Executive Director
COMPENSATION
£263K
AGE
58
TENURE
4.8 yrs

David Jones

TITLE
Deputy Chairman
COMPENSATION
£64K
AGE
66

Chris Cheetham

TITLE
Finance Director & Executive Director
COMPENSATION
£173K
AGE
59
TENURE
11.8 yrs

Steve Brignall

TITLE
Technical Director & Executive Director
COMPENSATION
£156K
AGE
63
TENURE
14.8 yrs

Klaus-Günter Meng

TITLE
Executive Director
COMPENSATION
£91K
AGE
59

Karl Willi Pieper

TITLE
Chair and Divisional Director of Media & Broadcast Division
AGE
60

Horst Wulf

TITLE
Chair and Divisional Director of Space Division
AGE
60

Dave Gawthorpe

TITLE
Chair and Division Director of Enterprise Solutions & Defence

Natasha Laird

TITLE
Company Secretary

John Haynes

TITLE
Executive Officer
COMPENSATION
£121K
AGE
68
Board of Directors Tenure

Average tenure and age of the SCISYS board of directors in years:

9.8
Average Tenure
63
Average Age
  • The tenure for the SCISYS board of directors is about average.
Board of Directors

Mike Love

TITLE
Non-Executive Chairman
COMPENSATION
£45K
AGE
69
TENURE
15.4 yrs

Klaus Heidrich

TITLE
CEO & Executive Director
COMPENSATION
£263K
AGE
58
TENURE
6.8 yrs

David Jones

TITLE
Deputy Chairman
COMPENSATION
£64K
AGE
66
TENURE
4.8 yrs

Chris Cheetham

TITLE
Finance Director & Executive Director
COMPENSATION
£173K
AGE
59
TENURE
11.8 yrs

Steve Brignall

TITLE
Technical Director & Executive Director
COMPENSATION
£156K
AGE
63
TENURE
12.2 yrs

Klaus-Günter Meng

TITLE
Executive Director
COMPENSATION
£91K
AGE
59
TENURE
9.8 yrs

David Coghlan

TITLE
Independent Non-Executive Director
COMPENSATION
£26K
AGE
63
TENURE
5.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by SCISYS 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 (£)
23. Oct 18 Buy Stephen Brignall Individual 22. Oct 18 22. Oct 18 4,292 £1.49 £6,412
23. Oct 18 Buy Michael Love Individual 22. Oct 18 22. Oct 18 4,291 £1.49 £6,411
18. Jul 18 Sell Klaus-Günter Meng Individual 16. Jul 18 18. Jul 18 -120,000 £1.82 £-205,546
18. Jul 18 Buy David Coghlan Individual 18. Jul 18 18. Jul 18 100,000 £1.70 £170,000
16. Jul 18 Sell Klaus-Günter Meng Individual 13. Jul 18 13. Jul 18 -75,000 £1.82 £-136,500
X
Management checks
We assess SCISYS'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. SCISYS 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.

SSY News

External News
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Simply Wall St News

Should You Be Excited About SCISYS PLC's (LON:SSY) 21% Return On Equity?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every £1 worth of equity in the company, it was able to earn £0.21. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Should Investors Feel About SCISYS PLC's (LON:SSY) CEO Pay?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Klaus Heidrich's Compensation Compare With Similar Sized Companies. … We took a group of companies with market capitalizations below UK£153m, and calculated the median CEO compensation to be UK£244k

Simply Wall St -

An Intrinsic Calculation For SCISYS PLC (LON:SSY) Shows It's 46.31% Undervalued

by taking the foreast future cash flows of the company and discounting them back to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

SCISYS PLC (LON:SSY)'s Return on Capital

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … This is because the actual cash flow generated by the business dictates the potential for income (dividends) and capital appreciation (price increases), which are the two ways to achieve positive returns when buying a stock. … Thus, to understand how your money can grow by investing in SCISYS, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

How Financially Strong Is SCISYS PLC (LON:SSY)?

SCISYS PLC (LON:SSY) is a small-cap stock with a market capitalization of UK£53.40m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes

Simply Wall St -

Should You Sell SCISYS PLC (LON:SSY) At This PE Ratio?

Yes, this cheaper multiple can initially be attractive, but there are many company-specific elements which are not captured in such a static ratio – such as its growth outlook and debt obligations … In this article, I am going to take you through some key things to consider in order to identify which multiple is the most relevant for

Simply Wall St -

Financially Strong And High Value Stocks

Formed in 1978, and now led by CEO Edward Ayres, the company currently employs 2,595 people and with the stock's market cap sitting at GBP £3.79B, it comes under the mid-cap stocks category. … LSE:BWY PE PEG Gauge Jun 26th 18 Laura Ashley Holdings plc (LSE:ALY) Laura Ashley Holdings plc designs, manufactures, sources, distributes, retails, and sells furniture, home accessories, decorating, and fashion products. … ALY's stock is now hovering at around -63% less than its true value of £0.13, at a price of UK£0.047, based on my discounted cash flow model.

Simply Wall St -

Investors Are Undervaluing SCISYS PLC (LON:SSY) By 20.77%

Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of SCISYS PLC (LON:SSY) as an investment opportunity. … by projecting its future cash flows and then discounting them to today's value. … discounted cash flows (DCF).

Simply Wall St -

Should You Be Holding SCISYS PLC (LON:SSY)?

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.

Simply Wall St -

Is SciSys plc (LON:SSY) Undervalued?

SciSys plc (AIM:SSY), a it company based in United Kingdom, received a lot of attention from a substantial price increase on the AIM over the last few months. … My valuation model shows that the intrinsic value for the stock is £2.13, but it is currently trading at UK£1.65 on the share market, meaning that there is still an opportunity to buy now. … This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again.

Simply Wall St -

SSY Company Info

Map
Description

SCISYS PLC provides IT services to large corporations and public sector organizations in the United Kingdom, rest of Europe, and internationally. The company operates through five segments: Space, Enterprise Solutions & Defence, Media & Broadcast, Xibis Ltd, and ANNOVA Systems GmbH. It offers integrated solutions and products for ground and onboard systems, including monitoring and control, data processing, automation, autonomous and intelligent systems, system modeling and simulation, infrastructures, and data services and applications, as well as on-site engineering and operations support, and professional consulting services for the management and procurement of space and space-related projects. The company also provides application management solutions, such as application support, application enhancements, transformation, managed service, data management, legacy technologies, quality and security, and advice, guidance, and training services; editorial tools for managing media content or metadata; audio editing products; and playout systems, as well as consulting, integration, training, and support services. In addition, it offers geographical information systems tools that capture, store, analyze, manage, and present data; marine electronic integration systems, which integrate vessel instrumentation and control onto a single display; government digital services; electronic architectures; and regulatory solutions, as well as robotics, autonomy, and automation solutions. The company was founded in 1980 and is headquartered in Chippenham, the United Kingdom.

Details
Name: SCISYS PLC
SSY
Exchange: AIM
Founded: 1980
£44,469,149
29,352,574
Website: http://www.scisys.co.uk
Address: SCISYS PLC
Methuen Park,
Chippenham,
Wiltshire, SN14 0GB,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AIM SSY Ordinary Shares London Stock Exchange AIM Market GB GBP 01. Oct 1997
Number of employees
Current staff
Staff numbers
580
SCISYS employees.
Industry
IT Consulting and Other Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/30 18:20
End of day share price update: 2018/11/29 00:00
Last estimates confirmation: 2018/11/29
Last earnings filing: 2018/09/20
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.