NasdaqCM:GTYH

Stock Analysis Report

Executive Summary

GTY Technology Holdings Inc. provides cloud-based suite of solutions for state and local governments in North America.

Rewards

Revenue is forecast to grow 108.37% per year

Risk Analysis

Shareholders have been substantially diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

Has less than 1 year of cash runway

Does not have meaningful revenue ($4M)



Snowflake Analysis

Imperfect balance sheet with limited growth.

Share Price & News

How has GTY Technology Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GTYH has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

25.5%

GTYH

0.2%

US Software

0.8%

US Market


1 Year Return

-39.3%

GTYH

28.5%

US Software

17.8%

US Market

Return vs Industry: GTYH underperformed the US Software industry which returned 28.5% over the past year.

Return vs Market: GTYH underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

GTYHIndustryMarket
7 Day25.5%0.2%0.8%
30 Day12.8%1.1%1.8%
90 Day-6.4%4.2%4.1%
1 Year-39.3%-39.3%30.5%28.5%20.4%17.8%
3 Year-39.9%-39.9%125.6%116.5%45.9%36.4%
5 Yearn/a181.2%161.4%68.1%49.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is GTY Technology Holdings undervalued compared to its fair value and its price relative to the market?

0.89x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GTYH is good value based on its PB Ratio (0.9x) compared to the US Software industry average (5.7x).


Next Steps

Future Growth

How is GTY Technology Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

31.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GTYH is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: GTYH is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: GTYH is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: GTYH's revenue (108.4% per year) is forecast to grow faster than the US market (7.4% per year).

High Growth Revenue: GTYH's revenue (108.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if GTYH's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has GTY Technology Holdings performed over the past 5 years?

-386.3%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: GTYH is currently unprofitable.

Growing Profit Margin: GTYH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if GTYH's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: GTYH is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (15.8%).


Return on Equity

High ROE: GTYH has a negative Return on Equity (-13.4%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is GTY Technology Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: GTYH's short term assets ($27.2M) do not cover its short term liabilities ($36.1M).

Long Term Liabilities: GTYH's short term assets ($27.2M) do not cover its long term liabilities ($99.7M).


Debt to Equity History and Analysis

Debt Level: GTYH's debt to equity ratio (0.02%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if GTYH's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: GTYH's debt is covered by short term assets (assets are 357.8x debt).


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

Forecast Cash Runway: GTYH has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of -122.8% each year.


Next Steps

Dividend

What is GTY Technology Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.4%forecastin3Years0%

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if GTYH'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 GTYH's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Steve Rohleder (62yo)

0.8yrs

Tenure

0

Mr. Stephen J. Rohleder, also known as Steve, has been the Principal Owner of SGR Equity Investments since 2015. Mr. Rohleder served as the Group Chief Executive of North America at Accenture PLC from June ...


Management Age and Tenure

0.8yrs

Average Tenure

60yo

Average Age

Experienced Management: GTYH's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Age and Tenure

3.1yrs

Average Tenure

66.5yo

Average Age

Experienced Board: GTYH's board of directors are considered experienced (3.1 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellUS$24,620,09619 Feb 19
Glazer Capital, LLC
EntityCompany
Shares2,393,234
Max PriceUS$10.29
SellUS$4,108,00008 Feb 19
Glazer Capital, LLC
EntityCompany
Shares400,000
Max PriceUS$10.27
SellUS$2,946,62231 Jan 19
Glazer Capital, LLC
EntityCompany
Shares287,654
Max PriceUS$10.29

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 166.5%.


Management Team

  • Harry You (60yo)

    Co Founder& Vice Chairman

    • Tenure: 0.6yrs
  • Steve Rohleder (62yo)

    Chairman

    • Tenure: 0.8yrs
  • John Curran (53yo)

    Chief Financial Officer

    • Tenure: 0.3yrs
  • Carter Glatt

    Senior VP & Head of Corporate Development

    • Tenure: 0yrs
  • Justin Kerr (35yo)

    Controller & Chief Accounting Officer

    • Tenure: 0.6yrs
  • John Albanese (63yo)

    Executive VP & Head of Sales

    • Tenure: 0yrs
  • Dan Lauderback

    Chief Operating Officer

    • Tenure: 1.9yrs
  • Suzanne Barth

    Chief Human Resources Officer

    • Tenure: 0.3yrs
  • Andrew Kopans

    Executive VP & General Counsel

    • Tenure: 0.9yrs
  • David Farrell

    Senior Vice President

    • Tenure: 0.8yrs

Board Members

  • Joe Tucci (72yo)

    Lead Director

    • Tenure: 0yrs
  • Harry You (60yo)

    Co Founder& Vice Chairman

    • Tenure: 0.6yrs
  • Bill Green (65yo)

    Independent Director

    • Tenure: 3.3yrs
  • Steve Rohleder (62yo)

    Chairman

    • Tenure: 0.8yrs
  • Randy Cowen (68yo)

    Independent Director

    • Tenure: 3.1yrs
  • Chuck Wert (75yo)

    Independent Director

    • Tenure: 3.1yrs

Company Information

GTY Technology Holdings Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GTY Technology Holdings Inc.
  • Ticker: GTYH
  • Exchange: NasdaqCM
  • Founded: 2016
  • Industry: Application Software
  • Sector: Software
  • Market Cap: US$318.467m
  • Shares outstanding: 52.21m
  • Website: https://www.gtytechnology.com

Location

  • GTY Technology Holdings Inc.
  • 1180 North Town Center Drive
  • Suite 100
  • Las Vegas
  • Nevada
  • 89144
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GTYHNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDNov 2016

Biography

GTY Technology Holdings Inc. provides cloud-based suite of solutions for state and local governments in North America. The company develops software technologies for the procurement and vendor or supplier  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/12 00:48
End of Day Share Price2019/12/11 00:00
Earnings2019/09/30
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.