NasdaqGS:SEAC

Stock Analysis Report

Executive Summary

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 television advertising content worldwide.

Snowflake

Fundamentals

Excellent balance sheet and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-4.8%

SEAC

1.1%

US Software

1.0%

US Market


1 Year Return

64.1%

SEAC

24.2%

US Software

6.7%

US Market

Return vs Industry: SEAC exceeded the US Software industry which returned 24.2% over the past year.

Return vs Market: SEAC exceeded the US Market which returned 6.7% over the past year.


Share holder returns

SEACIndustryMarket
7 Day-4.8%1.1%1.0%
30 Day-5.4%-0.6%-1.8%
90 Day44.6%-3.0%-1.8%
1 Year64.1%64.1%25.9%24.2%9.1%6.7%
3 Year5.7%5.7%123.3%114.6%46.1%36.6%
5 Year-61.4%-61.4%180.8%160.4%66.9%48.6%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is SeaChange International undervalued based on future cash flows and its price relative to the stock market?

2.2x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: Insufficient data to calculate SEAC's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate SEAC's fair value to establish if it is undervalued.


Price Based on Earnings

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

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


Price Based on Expected Growth

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


Price Based on Value of Assets

PB vs Industry: SEAC is good value based on its PB Ratio (2.2x) compared to the US Software industry average (5.3x).


Next Steps

Future Growth

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

145.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

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

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

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

Revenue vs Market: SEAC's revenue (12.1% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: SEAC's revenue (12.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has SeaChange International performed over the past 5 years?

7.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SEAC is unprofitable, but has reduced losses over the past 5 years at a rate of 7.4% 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 (19.1%).


Return on Equity

High ROE: SEAC has a negative Return on Equity (-74.27%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: SEAC is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: SEAC is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is SeaChange International's financial position?


Financial Position Analysis

Short Term Liabilities: SEAC's short term assets ($38.3M) exceeds its short term liabilities ($20.1M)

Long Term Liabilities: SEAC's short term assets (38.3M) exceeds its long term liabilities (3.7M)


Debt to Equity History and Analysis

Debt Level: SEAC is debt free.

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


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if SEAC's debt is covered by short term assets.


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 a year based on its current free cash flow.

Forecast Cash Runway: SEAC has less than a year of cash runway if free cash flow continues to grow at historical rates of 24.3% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

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

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

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.


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 SEAC'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 SeaChange International's salary, the management and board of directors tenure and is there insider trading?

0.7yrs

Average management tenure


CEO

Yossi Aloni (50yo)

0.2yrs

Tenure

0

Mr. Yossi Aloni serves as the Chief Executive Officer & President of SeaChange International, Inc since August 29, 2019. Mr. Aloni previously served as the Senior Vice President and Chief Commercial Offic ...


Management Age and Tenure

0.7yrs

Average Tenure

49yo

Average Age

Experienced Management: SEAC's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.


Board Age and Tenure

0.7yrs

Average Tenure

56.5yo

Average Age

Experienced Board: SEAC's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.


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

BuyUS$189,83213 Jun 19
Mark Bonney
EntityIndividual
Role
Chairman of the Board
Independent Chairman
Shares126,749
Max PriceUS$1.54
BuyUS$29,40013 Jun 19
Robert Pons
EntityIndividual
Role
Member of the Board of Directors
Director
Shares20,000
Max PriceUS$1.47
BuyUS$1,484,26502 Mar 19
Steven Singer
EntityIndividual
Shares955,987
Max PriceUS$1.55
BuyUS$1,502,03201 Mar 19
CCUR Holdings, Inc.
EntityCompany
Shares971,768
Max PriceUS$1.55
SellUS$182,75712 Feb 19
Neuberger Berman BD LLC
EntityCompany
Shares108,140
Max PriceUS$1.69
BuyUS$342,62312 Feb 19
Neuberger Berman BD LLC
EntityCompany
Shares201,543
Max PriceUS$1.70
BuyUS$82,38812 Feb 19
Steven Singer
EntityIndividual
Shares50,504
Max PriceUS$1.65
BuyUS$134,87606 Feb 19
Steven Singer
EntityIndividual
Shares85,908
Max PriceUS$1.57
BuyUS$599,16223 Jan 19
Steven Singer
EntityIndividual
Shares361,200
Max PriceUS$1.68
BuyUS$1,301,11122 Jan 19
Steven Singer
EntityIndividual
Shares819,132
Max PriceUS$1.70
BuyUS$1,29416 Jan 19
Steven Singer
EntityIndividual
Shares800
Max PriceUS$1.62
BuyUS$165,51610 Jan 19
Steven Singer
EntityIndividual
Shares104,840
Max PriceUS$1.60
BuyUS$7,52509 Jan 19
Steven Singer
EntityIndividual
Shares5,000
Max PriceUS$1.51
BuyUS$66,51708 Jan 19
Steven Singer
EntityIndividual
Shares45,660
Max PriceUS$1.46
BuyUS$63,90007 Jan 19
Steven Singer
EntityIndividual
Shares45,000
Max PriceUS$1.42
BuyUS$1,61102 Jan 19
Steven Singer
EntityIndividual
Shares1,300
Max PriceUS$1.24
BuyUS$3,07326 Dec 18
Steven Singer
EntityIndividual
Shares2,596
Max PriceUS$1.20
BuyUS$226,13221 Dec 18
Steven Singer
EntityIndividual
Shares188,235
Max PriceUS$1.21
BuyUS$31,55720 Dec 18
Steven Singer
EntityIndividual
Shares25,656
Max PriceUS$1.23
BuyUS$33,66419 Dec 18
Steven Singer
EntityIndividual
Shares27,385
Max PriceUS$1.23
BuyUS$68,78818 Dec 18
Steven Singer
EntityIndividual
Shares53,003
Max PriceUS$1.31
BuyUS$297,14514 Dec 18
Steven Singer
EntityIndividual
Shares222,463
Max PriceUS$1.36

Ownership Breakdown


Management Team

  • Mark Bonney (65yo)

    Independent Chairman

    • Tenure: 0.5yrs
    • Compensation: US$170.13k
  • Peter Faubert (48yo)

    Executive Officer

    • Tenure: 0yrs
    • Compensation: US$530.51k
  • Marek Kielczewski (42yo)

    CTO & Senior VP

    • Tenure: 1.3yrs
    • Compensation: US$759.85k
  • Yossi Aloni (50yo)

    CEO & President

    • Tenure: 0.2yrs
  • David McEvoy (61yo)

    General Counsel

    • Tenure: 7.3yrs
    • Compensation: US$682.05k
  • Michael Prinn (46yo)

    CFO, Senior VP & Treasurer

    • Tenure: 0yrs
  • Chad Hassler

    Chief Commercial Officer

    • Tenure: 0.2yrs

Board Members

  • Jeff Tuder (46yo)

    Director

    • Tenure: 0.7yrs
  • Mark Bonney (65yo)

    Independent Chairman

    • Tenure: 0.5yrs
    • Compensation: US$170.13k
  • Bob Pons (63yo)

    Director

    • Tenure: 0.7yrs
  • Andy Sriubas (50yo)

    Director

    • Tenure: 2.2yrs
    • Compensation: US$158.50k

Company Information

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


Key Information

  • Name: SeaChange International, Inc.
  • Ticker: SEAC
  • Exchange: NasdaqGS
  • Founded: 1993
  • Industry: Application Software
  • Sector: Software
  • Market Cap: US$102.346m
  • Shares outstanding: 36.68m
  • Website: https://www.seachange.com

Number of Employees


Location

  • SeaChange International, Inc.
  • 50 Nagog Park
  • Acton
  • Massachusetts
  • 1720
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SEACNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 1996
SI2DB (Deutsche Boerse AG)YesCommon StockDEEURNov 1996

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:41
End of Day Share Price2019/10/14 00:00
Earnings2019/07/31
Annual Earnings2019/01/31


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.

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