AIM:MSYS

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Adequate 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

Stable Share Price: MSYS's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

19.0%

MSYS

-0.8%

GB Electronic

0.1%

GB Market


1 Year Return

-26.5%

MSYS

27.6%

GB Electronic

-15.4%

GB Market

Return vs Industry: MSYS underperformed the UK Electronic industry which returned 27.6% over the past year.

Return vs Market: MSYS underperformed the UK Market which returned -15.4% over the past year.


Shareholder returns

MSYSIndustryMarket
7 Day19.0%-0.8%0.1%
30 Day4.2%9.1%1.1%
90 Day13.6%10.9%-2.0%
1 Year-26.5%-26.5%28.7%27.6%-12.1%-15.4%
3 Year-45.7%-45.7%46.7%40.9%-8.4%-19.7%
5 Year-97.8%-97.8%157.9%139.8%16.4%-9.7%

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?

1.35x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

Significantly Below Fair Value: 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 GB 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

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 (1.3x) compared to the GB Electronic industry average (2.3x).


Next Steps

Future Growth

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

20.1%

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?

5.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MSYS is currently unprofitable.

Growing Profit Margin: MSYS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MSYS is unprofitable, but has reduced losses over the past 5 years at a rate of 5.7% 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 (-2.1%).


Return on Equity

High ROE: MSYS has a negative Return on Equity (-126.32%), as it is currently unprofitable.


Next Steps

Financial Health

How is Microsaic Systems's financial position?


Financial Position Analysis

Short Term Liabilities: MSYS's short term assets (£2.4M) exceed its short term liabilities (£339.7K).

Long Term Liabilities: MSYS's short term assets (£2.4M) exceed its long term liabilities (£278.3K).


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


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 less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MSYS has less than a year of cash runway if free cash flow continues to grow at historical rates of 5.1% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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

2.9yrs

Average management tenure


CEO

Glenn Tracey (49 yo)

3.08yrs

Tenure

UK£154,433

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's total compensation ($USD201.49K) is below average for companies of similar size in the UK market ($USD358.67K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Glenn Tracey
CEO & Director3.08yrsUK£154.43k0.18%
£ 5.0k
Bevan Metcalf
Finance Director4.83yrsUK£127.87k0.23%
£ 6.6k
Phil Bray
Operations Director2.92yrsno datano data
Richard Moseley
Chief Technologist & Member of Scientific Advisory Board3.42yrsno datano data
Steven Wright
Chief Scientist & Member of Scientific Advisory Board3.42yrsno datano data

2.9yrs

Average Tenure

Experienced Management: MSYS's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Glenn Tracey
CEO & Director3.08yrsUK£154.43k0.18%
£ 5.0k
Bevan Metcalf
Finance Director4.83yrsUK£127.87k0.23%
£ 6.6k
Richard Moseley
Chief Technologist & Member of Scientific Advisory Board3.42yrsno datano data
Steven Wright
Chief Scientist & Member of Scientific Advisory Board3.42yrsno datano data
Peter Grant
Independent Non-Executive Chairman2.75yrsUK£70.70k0.16%
£ 4.7k
Eric Yeatman
Senior Independent Directorno dataUK£28.00k1.02%
£ 29.0k
Steve Lane
Member of Scientific Advisory Board3.42yrsno datano data
Frank Pullen
Member of Scientific Advisory Board3.42yrsno datano data
Richard Fussell
Member of Scientific Advisory Board3.42yrsno datano data
Anthony Bristow
Member of Scientific Advisory Board3.42yrsno datano data
Andrew Ray
Member of Scientific Advisory Board3.42yrsno datano data
John Langley
Member of Scientific Advisory Board3.42yrsno datano data

3.4yrs

Average Tenure

60yo

Average Age

Experienced Board: MSYS's board of directors are considered experienced (3.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: MSYS insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

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: 1998
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: UK£2.852m
  • 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 miniaturised mass spectrometry (MS) instruments in the United Kingdom and internationally. It develops and markets chip- ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/24 21:55
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.