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Market Cap

US$1.2b

Last Updated

2021/05/12 23:43 UTC

Data Sources

Company Financials +

Executive Summary

Systemax Inc., through its subsidiaries, operates as a direct marketer of brand name and private label industrial and business equipment and supplies in North America. More Details


Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SYX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: SYX's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

-1.0%

SYX

-2.1%

US Trade Distributors

-2.8%

US Market


1 Year Return

83.6%

SYX

98.2%

US Trade Distributors

49.4%

US Market

Return vs Industry: SYX underperformed the US Trade Distributors industry which returned 98.3% over the past year.

Return vs Market: SYX exceeded the US Market which returned 48.6% over the past year.


Shareholder returns

SYXIndustryMarket
7 Day-1.0%-2.1%-2.8%
30 Day-26.1%1.2%-2.3%
90 Day-21.6%11.2%-1.3%
1 Year97.1%83.6%102.5%98.2%51.8%49.4%
3 Year62.8%6.5%58.0%49.5%57.5%47.6%
5 Year500.0%261.0%144.2%124.1%121.7%97.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

10.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SYX ($33.03) is trading below our estimate of fair value ($37.01)

Significantly Below Fair Value: SYX is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SYX is good value based on its PE Ratio (20.1x) compared to the US Trade Distributors industry average (27.9x).

PE vs Market: SYX is poor value based on its PE Ratio (20.1x) compared to the US market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: SYX is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: SYX is overvalued based on its PB Ratio (10.6x) compared to the US Trade Distributors industry average (2.6x).


Future Growth

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

17.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SYX's forecast earnings growth (17.1% per year) is above the savings rate (2%).

Earnings vs Market: SYX's earnings (17.1% per year) are forecast to grow faster than the US market (15.4% per year).

High Growth Earnings: SYX's earnings are forecast to grow, but not significantly.

Revenue vs Market: SYX's revenue (6.6% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: SYX's revenue (6.6% 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 SYX's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Systemax performed over the past 5 years?

28.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SYX has high quality earnings.

Growing Profit Margin: SYX's current net profit margins (5.9%) are higher than last year (5.1%).


Past Earnings Growth Analysis

Earnings Trend: SYX has become profitable over the past 5 years, growing earnings by 28.7% per year.

Accelerating Growth: SYX's earnings growth over the past year (28.3%) is below its 5-year average (28.7% per year).

Earnings vs Industry: SYX earnings growth over the past year (28.3%) exceeded the Trade Distributors industry 4.1%.


Return on Equity

High ROE: SYX's Return on Equity (52.2%) is considered outstanding.


Financial Health

How is Systemax's financial position?


Financial Position Analysis

Short Term Liabilities: SYX's short term assets ($282.9M) exceed its short term liabilities ($194.6M).

Long Term Liabilities: SYX's short term assets ($282.9M) exceed its long term liabilities ($79.5M).


Debt to Equity History and Analysis

Debt Level: SYX is debt free.

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

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

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


Balance Sheet


Dividend

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

1.94%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SYX's dividend (1.94%) is higher than the bottom 25% of dividend payers in the US market (1.25%).

High Dividend: SYX's dividend (1.94%) is low compared to the top 25% of dividend payers in the US market (3.43%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SYX has been paying a dividend for less than 10 years.

Growing Dividend: SYX's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (35.3%), SYX's dividend payments are 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

Barry Litwin (53 yo)

2.33yrs

Tenure

US$4,107,300

Compensation

Mr. Barry Litwin is Chief Executive Officer at Systemax Inc., since January 7, 2019 and its Director since July 2017. Mr. Litwin serves as Senior Vice President of Marketing at Newark Corporation. Mr. Litw...


CEO Compensation Analysis

Compensation vs Market: Barry's total compensation ($USD4.11M) is about average for companies of similar size in the US market ($USD3.78M).

Compensation vs Earnings: Barry's compensation has increased by more than 20% in the past year.


Leadership Team

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


Board Members

Experienced Board: SYX's board of directors are seasoned and experienced ( 13.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: SYX 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

Systemax Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Systemax Inc.
  • Ticker: SYX
  • Exchange: NYSE
  • Founded: 1949
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: US$1.246b
  • Shares outstanding: 37.72m
  • Website: https://www.systemax.com

Number of Employees


Location

  • Systemax Inc.
  • 11 Harbor Park Drive
  • Port Washington
  • New York
  • 11050
  • United States

Listings


Biography

Systemax Inc., through its subsidiaries, operates as a direct marketer of brand name and private label industrial and business equipment and supplies in North America. It sells a range of maintenance, repa...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/12 23:43
End of Day Share Price2021/05/12 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.