AIM:MSYS

Stock Analysis Report

Executive Summary

Microsaic Systems plc engages in the research, development, and commercialization of mass spectrometry (MS) instruments in the United Kingdom and internationally.

Snowflake

Fundamentals

Flawless balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-5.9%

MSYS

-2.4%

GB Electronic

-0.4%

GB Market


1 Year Return

-47.5%

MSYS

8.4%

GB Electronic

2.9%

GB Market

Return vs Industry: MSYS underperformed the UK Electronic industry which returned 8.4% over the past year.

Return vs Market: MSYS underperformed the UK Market which returned 2.9% over the past year.


Shareholder returns

MSYSIndustryMarket
7 Day-5.9%-2.4%-0.4%
30 Day-44.8%-5.9%-1.4%
90 Day-44.8%-5.9%-2.1%
1 Year-47.5%-47.5%10.2%8.4%7.9%2.9%
3 Year-82.2%-82.2%47.4%40.7%18.0%3.6%
5 Year-98.1%-98.1%122.7%103.4%35.8%6.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

0.77x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate MSYS's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate MSYS's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MSYS is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

PE vs Market: MSYS is unprofitable, so we can't compare its PE Ratio to the UK market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MSYS is good value based on its PB Ratio (0.8x) compared to the GB Electronic industry average (2.1x).


Next Steps

Future Growth

How is Microsaic Systems forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.4%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Microsaic Systems has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Microsaic Systems performed over the past 5 years?

3.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: MSYS is unprofitable, but has reduced losses over the past 5 years at a rate of 3.1% per year.

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

Earnings vs Industry: MSYS is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-7.7%).


Return on Equity

High ROE: MSYS has a negative Return on Equity (-60.41%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: MSYS is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: MSYS is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Microsaic Systems's financial position?


Financial Position Analysis

Short Term Liabilities: MSYS's short term assets (£5.0M) exceeds its short term liabilities (£331.9K)

Long Term Liabilities: MSYS's short term assets (5.0M) exceeds its long term liabilities (344.0K)


Debt to Equity History and Analysis

Debt Level: MSYS is debt free.

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


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if MSYS's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MSYS has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MSYS has sufficient cash runway for 1.172269 years if free cash flow continues to grow at historical rates of 8.9% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage1.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate MSYS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MSYS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if MSYS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MSYS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MSYS's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Glenn Tracey (47yo)

2.1yrs

Tenure

UK£157,815

Compensation

Mr. Glenn D. Tracey has been Chief Executive Officer of Microsaic Systems since September 25, 2017. Mr. Tracey served as the Chief Operating Officer at Microsaic Systems PLC since March 19, 2015 until Sept ...


CEO Compensation Analysis

Compensation vs. Market: Glenn has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the UK market.

Compensation vs Earnings: Glenn's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

1.9yrs

Average Tenure

Experienced Management: MSYS's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Age and Tenure

2.4yrs

Average Tenure

57yo

Average Age

Experienced Board: MSYS's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Insider Trading

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


Ownership Breakdown


Management Team

  • Bevan Metcalf (61yo)

    Finance Director

    • Tenure: 3.8yrs
    • Compensation: UK£130.23k
  • Glenn Tracey (47yo)

    CEO & Director

    • Tenure: 2.1yrs
    • Compensation: UK£157.82k
  • Phil Bray

    Operations Director

    • Tenure: 1.9yrs
  • Steve Wright

    Chief Scientist & Member of Scientific Advisory Board

    • Tenure: 2.4yrs
  • Richard Moseley

    Chief Technologist & Member of Scientific Advisory Board

    • Tenure: 2.4yrs

Board Members

  • Peter Grant (63yo)

    Non-Executive Chairman

    • Tenure: 1.8yrs
    • Compensation: UK£78.56k
  • Bevan Metcalf (61yo)

    Finance Director

    • Tenure: 3.8yrs
    • Compensation: UK£130.23k
  • Eric Yeatman (56yo)

    Non-Executive Director

    • Tenure: 9.3yrs
    • Compensation: UK£24.00k
  • Glenn Tracey (47yo)

    CEO & Director

    • Tenure: 2.1yrs
    • Compensation: UK£157.82k
  • Chris Buckley (57yo)

    Non-Executive Director

    • Tenure: 3.5yrs
    • Compensation: UK£22.50k
  • Steve Lane

    Member of Scientific Advisory Board

    • Tenure: 2.4yrs
  • Frank Pullen

    Member of Scientific Advisory Board

    • Tenure: 2.4yrs
  • Richard Fussell

    Member of Scientific Advisory Board

    • Tenure: 2.4yrs
  • Steve Wright

    Chief Scientist & Member of Scientific Advisory Board

    • Tenure: 2.4yrs
  • Richard Moseley

    Chief Technologist & Member of Scientific Advisory Board

    • Tenure: 2.4yrs

Company Information

Microsaic Systems plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Microsaic Systems plc
  • Ticker: MSYS
  • Exchange: AIM
  • Founded: 2001
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: UK£3.651m
  • Shares outstanding: 456.37m
  • Website: https://www.microsaic.com

Number of Employees


Location

  • Microsaic Systems plc
  • GMS House
  • Boundary Road
  • Woking
  • Surrey
  • GU21 5BX
  • United Kingdom

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MSYSAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPApr 2011

Biography

Microsaic Systems plc engages in the research, development, and commercialization of mass spectrometry (MS) instruments in the United Kingdom and internationally. It develops and markets chip-based MS inst ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 21:01
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.