company background image
SEAC

SeaChange International NasdaqGS:SEAC Stock Report

Last Price

US$0.59

Market Cap

US$29.1m

7D

-3.9%

1Y

-50.3%

Updated

04 Jul, 2022

Data

Company Financials
SEAC fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

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

Summary of all time highs, changes and price drops for SeaChange International
Historical stock prices
Current Share PriceUS$0.59
52 Week HighUS$3.44
52 Week LowUS$0.38
Beta1.03
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

Jun 21

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

SEACUS SoftwareUS 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

Is SEAC's price volatile compared to industry and market?
SEAC volatility
SEAC Average Weekly Movement11.3%
Software Industry Average Movement11.0%
Market Average Movement8.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.3%

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

FoundedEmployeesCEOWebsite
1993103Pete Aquinohttps://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

How do SeaChange International's earnings and revenue compare to its market cap?
SEAC fundamental statistics
Market CapUS$29.13m
Earnings (TTM)-US$6.36m
Revenue (TTM)US$28.98m

1.0x

P/S Ratio

-4.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SEAC income statement (TTM)
RevenueUS$28.98m
Cost of RevenueUS$12.24m
Gross ProfitUS$16.74m
Other ExpensesUS$23.10m
Earnings-US$6.36m

Last Reported Earnings

Apr 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.13
Gross Margin57.76%
Net Profit Margin-21.94%
Debt/Equity Ratio0%

How did SEAC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SEAC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation 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.

SEAC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.5x
Enterprise Value/EBITDA-3.2x
PEG Ration/a

Price to Sales Ratio vs Peers

How does SEAC's PS Ratio compare to its peers?

SEAC PS Ratio vs Peers
The above table shows the PS ratio for SEAC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average4.5x
MRIN Marin Software
1.1xn/aUS$25.8m
CSCW Color Star Technology
1.7xn/aUS$23.3m
NVGI Noble Vici Group
14.8xn/aUS$43.3m
GVP GSE Systems
0.5xn/aUS$25.6m
SEAC SeaChange International
1xn/aUS$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.

SEAC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1x
Fair PS Ration/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.


Discover undervalued companies

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

0/6

Future 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.


Discover growth companies

Past Performance

How has SeaChange International performed over the past 5 years?

Past Performance Score

0/6

Past 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

6/6

Financial 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.


Discover healthy companies

Dividend

What is SeaChange International current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/04 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/04/30
Annual Earnings2022/01/31


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.