NYSE:SYX

Stock Analysis Report

Executive Summary

Systemax Inc. operates as a direct marketer of brand name and private label industrial and business equipment and supplies in North America.

Snowflake

Fundamentals

Flawless balance sheet and good value.

Risks

  • Systemax is covered by less than 3 analysts.

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


Market Performance


7 Day Return

0.8%

NYSE:SYX

-1.5%

US Trade Distributors

-1.0%

US Market


1 Year Return

-43.7%

NYSE:SYX

-16.6%

US Trade Distributors

-0.4%

US Market

SYX underperformed the Trade Distributors industry which returned -16.6% over the past year.

SYX underperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

SYXIndustryMarket
7 Day0.8%-1.5%-1.0%
30 Day-2.1%-2.6%-3.3%
90 Day-2.8%-4.5%0.8%
1 Year-27.7%-43.7%-15.0%-16.6%1.9%-0.4%
3 Year276.3%162.4%23.8%18.4%39.4%30.4%
5 Year107.0%43.5%9.9%2.2%54.2%37.1%

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 based on future cash flows and its price relative to the stock market?

46%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Systemax's share price is below the future cash flow value, and at a moderate discount (> 20%).

Systemax's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Systemax is good value based on earnings compared to the US Trade Distributors industry average.

Systemax is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Systemax is poor value based on expected growth next year.


Price Based on Value of Assets

Systemax is overvalued based on assets compared to the US Trade Distributors industry average.


Next Steps

Future Growth

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

11.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Systemax's revenue is expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).

Systemax's earnings are expected to grow by 11.1% yearly, however this is not considered high growth (20% yearly).

Systemax's revenue growth is positive but not above the United States of America market average.

Systemax's earnings growth is positive but not above the United States of America market average.

Systemax's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Systemax will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Systemax performed over the past 5 years?

66.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Systemax has delivered over 20% year on year earnings growth in the past 5 years.

Systemax's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Systemax's 1-year earnings growth is negative, it can't be compared to the US Trade Distributors industry average.


Return on Equity

Systemax has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).


Return on Assets

Systemax used its assets more efficiently than the US Trade Distributors industry average last year based on Return on Assets.


Return on Capital Employed

Systemax has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Systemax's financial position?


Financial Position Analysis

Systemax is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Systemax's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Systemax has no debt.

Systemax has not taken on any debt in the past 5 years.

Systemax has no debt, it does not need to be covered by operating cash flow.

Systemax has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Systemax has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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

2.32%

Current Dividend Yield


Dividend Yield and Payments Analysis

Systemax's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Systemax's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Whilst dividend payments have been stable, Systemax has been paying a dividend for less than 10 years.

Dividend payments have increased, but Systemax only paid a dividend in the past 3 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

2.6yrs

Average management tenure


CEO

Barry Litwin (52yo)

0.6yrs

Tenure

US$114,340

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 ...


Management Age and Tenure

2.6yrs

Average Tenure

55yo

Average Age

The tenure for the Systemax management team is about average.


Board Age and Tenure

6.9yrs

Average Tenure

61yo

Average Age

The tenure for the Systemax board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$57,27228 Aug 18
Dave Kipe
EntityIndividual
Shares1,430
Max PriceUS$40.05

Ownership Breakdown


Management Team

  • Richard Leeds (59yo)

    Executive Chairman

    • Compensation: $990.90k
  • Manoj Shetty (58yo)

    Senior VP & Chief Information Officer

    • Tenure: 5.0yrs
  • Norman Kough

    Executive Vice President of Netherlands & Sweden

    • Tenure: 2.6yrs
  • Donna Fielding (48yo)

    Senior VP & Chief Human Resources Officer

    • Tenure: 1.6yrs
  • Tex Clark (37yo)

    VP & CFO

    • Tenure: 2.8yrs
    • Compensation: $634.80k
  • Ritesh Chaturbedi (41yo)

    Senior VP & COO

    • Tenure: 0.6yrs
  • Eric Lerner (61yo)

    Senior VP & General Counsel

    • Tenure: 7.3yrs
    • Compensation: $1.06m
  • Barry Litwin (52yo)

    CEO & Director

    • Tenure: 0.6yrs
    • Compensation: $114.34k
  • Bob Dooley (65yo)

    President of Industrial Products Group

    • Tenure: 29.6yrs
    • Compensation: $1.33m
  • Jacques Thefo

    Executive Vice President of France

    • Tenure: 2.4yrs

Board Members

  • Richard Leeds (59yo)

    Executive Chairman

    • Tenure: 3.4yrs
    • Compensation: $990.90k
  • Bruce Leeds (63yo)

    Vice Chairman

    • Tenure: 24.3yrs
    • Compensation: $984.70k
  • Robert Leeds (63yo)

    Vice Chairman

    • Tenure: 24.3yrs
    • Compensation: $986.20k
  • Chad Lindbloom (54yo)

    Independent Director

    • Tenure: 1.7yrs
    • Compensation: $117.52k
  • Larry Reinhold (59yo)

    Director

    • Tenure: 10.4yrs
    • Compensation: $1.07m
  • Bob Rosenthal (70yo)

    Lead Independent Director

    • Tenure: 12.8yrs
    • Compensation: $155.09k
  • Paul Pearlman (65yo)

    Independent Director

    • Tenure: 0.6yrs
  • Barry Litwin (52yo)

    CEO & Director

    • Tenure: 2.1yrs
    • Compensation: $114.34k

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$775.207m
  • Shares outstanding: 37.49m
  • Website: Click here

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SYXNYSE (New York Stock Exchange)YesCommon StockUSUSDJun 1995

Biography

Systemax Inc. 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, repair, and operation products, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 23:47
End of Day Share Price2019/08/16 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.