| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
SEAC Stock Overview
SeaChange International, Inc. provides multiscreen, advertising, and premium over the top (OTT) video products and services that facilitate the aggregation, licensing, management, and distribution of video and advertising content worldwide.
SeaChange International Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$0.59 |
| 52 Week High | US$3.44 |
| 52 Week Low | US$0.38 |
| Beta | 1.03 |
| 1 Month Change | -21.37% |
| 3 Month Change | -47.70% |
| 1 Year Change | -50.34% |
| 3 Year Change | -57.17% |
| 5 Year Change | -77.70% |
| Change since IPO | -95.27% |
Recent News & Updates
SeaChange: Tough Times Ahead After Termination Of Triller Reverse Merger Agreement
Discussing last week's mutual termination of the company's reverse merger agreement with Triller. SeaChange will neither be entitled to the $4 million termination fee specified in the merger agreement nor reimbursed for costs incurred in conjunction with the transaction. Going forward, SeaChange will be back on its own in an increasingly difficult market for the company's core video and advertising products. While recent Q1 results showed some top and bottom line progress on a year-over-year basis, the company will likely be challenged to achieve sustainable growth and positive free cash flow going forward. Remaining liquidity should be sufficient for up to another three years, so still plenty of time for management to engineer a sustainable turnaround. I am reiterating my "neutral" rating on the shares for now.
Shareholder Returns
| SEAC | US Software | US Market | |
|---|---|---|---|
| 7D | -3.9% | -3.1% | -2.2% |
| 1Y | -50.3% | -23.6% | -19.1% |
Return vs Industry: SEAC underperformed the US Software industry which returned -23.6% over the past year.
Return vs Market: SEAC underperformed the US Market which returned -21.2% over the past year.
Price Volatility
| SEAC volatility | |
|---|---|
| SEAC Average Weekly Movement | 11.3% |
| Software Industry Average Movement | 11.0% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.9% |
| 10% least volatile stocks in US Market | 3.3% |
Stable Share Price: SEAC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: SEAC's weekly volatility has decreased from 22% to 11% over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1993 | 103 | Pete Aquino | https://www.seachange.com |
SeaChange International, Inc. provides multiscreen, advertising, and premium over the top (OTT) video products and services that facilitate the aggregation, licensing, management, and distribution of video and advertising content worldwide. The company offers video products, including video back-office, a software platform that enables content and service providers to manage, monetize and deliver a seamless viewing experience to subscribers across televisions, personal computers (PCs), tablets, smart phones, and other IP-enabled devices; and media asset management software, which is used to receive, manage and publish video content for viewing on televisions, tablets, PCs and other consumer devices. It also provides an advertising platform to maximize advertising revenue across multiscreen, broadcast, on-demand, and OTT viewing.
SeaChange International Fundamentals Summary
| SEAC fundamental statistics | |
|---|---|
| Market Cap | US$29.13m |
| Earnings (TTM) | -US$6.36m |
| Revenue (TTM) | US$28.98m |
1.0x
P/S Ratio-4.6x
P/E RatioIs SEAC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SEAC income statement (TTM) | |
|---|---|
| Revenue | US$28.98m |
| Cost of Revenue | US$12.24m |
| Gross Profit | US$16.74m |
| Other Expenses | US$23.10m |
| Earnings | -US$6.36m |
Last Reported Earnings
Apr 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.13 |
| Gross Margin | 57.76% |
| Net Profit Margin | -21.94% |
| Debt/Equity Ratio | 0% |
How did SEAC perform over the long term?
See historical performance and comparisonValuation
Is SEAC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for SEAC?
Other financial metrics that can be useful for relative valuation.
| What is SEAC's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$29.13m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.5x |
| Enterprise Value/EBITDA | -3.2x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does SEAC's PS Ratio compare to its peers?
| SEAC PS Ratio vs Peers |
|---|
| Company | PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 4.5x | ||
MRIN Marin Software | 1.1x | n/a | US$25.8m |
CSCW Color Star Technology | 1.7x | n/a | US$23.3m |
NVGI Noble Vici Group | 14.8x | n/a | US$43.3m |
GVP GSE Systems | 0.5x | n/a | US$25.6m |
SEAC SeaChange International | 1x | n/a | US$29.1m |
Price-To-Sales vs Peers: SEAC is good value based on its Price-To-Sales Ratio (1x) compared to the peer average (4.5x).
Price to Earnings Ratio vs Industry
How does SEAC's PE Ratio compare vs other companies in the US Software Industry?
Price-To-Sales vs Industry: SEAC is good value based on its Price-To-Sales Ratio (1x) compared to the US Software industry average (4.5x)
Price to Sales Ratio vs Fair Ratio
What is SEAC's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 1x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate SEAC's Price-To-Sales Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of SEAC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: Insufficient data to calculate SEAC's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate SEAC's fair value for valuation analysis.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SEAC's PEG Ratio to determine if it is good value.
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Future Growth
How is SeaChange International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
19.9%
Forecasted Software 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 SeaChange International 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.
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- Examine SeaChange International's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
Past Performance
How has SeaChange International performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
17.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SEAC is currently unprofitable.
Growing Profit Margin: SEAC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SEAC is unprofitable, but has reduced losses over the past 5 years at a rate of 17.4% per year.
Accelerating Growth: Unable to compare SEAC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SEAC is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (26.8%).
Return on Equity
High ROE: SEAC has a negative Return on Equity (-16.2%), as it is currently unprofitable.
Discover strong past performing companies
Financial Health
How is SeaChange International's financial position?
Financial Health Score
6/6Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: SEAC's short term assets ($36.4M) exceed its short term liabilities ($11.2M).
Long Term Liabilities: SEAC's short term assets ($36.4M) exceed its long term liabilities ($1.4M).
Debt to Equity History and Analysis
Debt Level: SEAC is debt free.
Reducing Debt: SEAC had no debt 5 years ago.
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: SEAC has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: SEAC has sufficient cash runway for 2.5 years if free cash flow continues to grow at historical rates of 13.5% each year.
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Dividend
What is SeaChange International current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SEAC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SEAC'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 SEAC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SEAC's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as SEAC has not reported any payouts.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
1.5yrs
Average management tenure
CEO
Pete Aquino (61 yo)
0.83
Tenure
US$1,120,146
Compensation
Mr. Peter D. Aquino, also known as Pete, has been an Independent Director at Nextnav Inc. since October 28, 2021. He serves as President, Chief Executive Officer & Director of SeaChange International, Inc....
CEO Compensation Analysis
Compensation vs Market: Pete's total compensation ($USD1.12M) is above average for companies of similar size in the US market ($USD799.15K).
Compensation vs Earnings: Insufficient data to compare Pete's compensation with company performance.
Leadership Team
Experienced Management: SEAC's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
Experienced Board: SEAC's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SEAC insiders have bought more shares than they have sold 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
SeaChange International, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: SeaChange International, Inc.
- Ticker: SEAC
- Exchange: NasdaqGS
- Founded: 1993
- Industry: Application Software
- Sector: Software
- Implied Market Cap: US$29.126m
- Shares outstanding: 49.28m
- Website: https://www.seachange.com
Number of Employees
Location
- SeaChange International, Inc.
- 177 Huntington Avenue
- Suite 1703
- Boston
- Massachusetts
- 2115
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/04 00:00 |
| End of Day Share Price | 2022/07/01 00:00 |
| Earnings | 2022/04/30 |
| Annual Earnings | 2022/01/31 |
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.