NasdaqGS:SNCR

Stock Analysis Report

Synchronoss Technologies

Executive Summary

Synchronoss Technologies, Inc. provides cloud, digital, messaging, and Internet of Things (IoT) platforms, products, and solutions in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific.

Snowflake

Fundamentals

Excellent balance sheet and fair value.


Similar Companies

Share Price & News

How has Synchronoss Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

7.5%

SNCR

-0.9%

US Software

1.8%

US Market


1 Year Return

-3.1%

SNCR

22.0%

US Software

7.3%

US Market

Return vs Industry: SNCR underperformed the US Software industry which returned 22% over the past year.

Return vs Market: SNCR underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

SNCRIndustryMarket
7 Day7.5%-0.9%1.8%
30 Day-1.8%-0.7%-0.7%
90 Day-18.3%-4.2%0.06%
1 Year-3.1%-3.1%23.7%22.0%9.7%7.3%
3 Year-83.7%-83.7%119.6%111.0%46.3%36.9%
5 Year-86.8%-86.8%171.5%151.9%64.5%46.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Synchronoss Technologies undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: SNCR ($6.02) is trading below our estimate of fair value ($20.34)

Significantly Undervalued: SNCR is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SNCR is good value based on its PB Ratio (1.6x) compared to the US Software industry average (5.5x).


Next Steps

Future Growth

How is Synchronoss Technologies forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

46.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: SNCR's revenue (6.8% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: SNCR's revenue (6.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: SNCR is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has Synchronoss Technologies performed over the past 5 years?

-55.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SNCR is unprofitable, and losses have increased over the past 5 years at a rate of -55.1% per year.

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

Earnings vs Industry: SNCR is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (19.1%).


Return on Equity

High ROE: SNCR has a negative Return on Equity (-58.06%), as it is currently unprofitable.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Synchronoss Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: SNCR's short term assets ($217.5M) exceeds its short term liabilities ($179.4M)

Long Term Liabilities: SNCR's short term assets (217.5M) exceeds its long term liabilities (116.0M)


Debt to Equity History and Analysis

Debt Level: SNCR's debt to equity ratio (13.5%) is considered satisfactory

Reducing Debt: SNCR's debt to equity ratio has increased from 0.5% to 13.5% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: SNCR's debt is covered by short term assets (assets are 4.620370x 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: Whilst unprofitable SNCR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: SNCR is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -66.7% per year.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.7%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate SNCR'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 SNCR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SNCR'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 SNCR'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 Synchronoss Technologies's salary, the management and board of directors tenure and is there insider trading?

1.9yrs

Average management tenure


CEO

Glenn Lurie (54yo)

1.9yrs

Tenure

US$6,574,949

Compensation

Mr. Glenn Lurie serve as Director of Avis Budget Group Inc. since May 23, 2018. He has been the Chief Executive Officer of Synchronoss Technologies, Inc. since November 16, 2017 and serves as its President ...


CEO Compensation Analysis

Compensation vs. Market: Glenn has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Glenn's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.9yrs

Average Tenure

53.5yo

Average Age

Experienced Management: SNCR's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Age and Tenure

3.8yrs

Average Tenure

55.5yo

Average Age

Experienced Board: SNCR's board of directors are considered experienced (3.8 years average tenure).


Insider Trading

Insider Buying: SNCR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$37,93519 Aug 19
Mary Clark
EntityIndividual
Role
Head of Marketing
Chief Marketing Officer & Chief Product Officer
Shares4,500
Max PriceUS$8.43
BuyUS$59,40019 Nov 18
David Clark
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares10,000
Max PriceUS$5.94

Ownership Breakdown


Management Team

  • David Clark (53yo)

    Chief Financial Officer

    • Tenure: 1.2yrs
    • Compensation: US$2.08m
  • Stephen Waldis (51yo)

    Founder & Executive Chairman

    • Tenure: 18.7yrs
    • Compensation: US$311.89k
  • Joe Crivelli

    Vice President of Investor Relations

    • Tenure: 0.8yrs
  • Mary Clark (52yo)

    Chief Marketing Officer & Chief Product Officer

    • Tenure: 1.8yrs
    • Compensation: US$1.53m
  • Ronald Prague (55yo)

    Chief Legal Officer & Secretary

    • Tenure: 13.3yrs
    • Compensation: US$1.53m
  • Pat Doran (46yo)

    Chief Technology Officer

    • Tenure: 12.8yrs
    • Compensation: US$1.51m
  • Glenn Lurie (54yo)

    President

    • Tenure: 1.9yrs
    • Compensation: US$6.57m
  • Andrew Wilmott

    Senior Vice President of Service Delivery and General Manager

    • Tenure: 7.8yrs
  • Kevin Hunsaker (54yo)

    Chief People Officer

    • Tenure: 3.6yrs
  • Jeff Miller (55yo)

    Chief Commercial Officer

    • Tenure: 1yrs
    • Compensation: US$1.48m

Board Members

  • William Cadogan (70yo)

    Independent Director

    • Tenure: 14yrs
    • Compensation: US$302.50k
  • Stephen Waldis (51yo)

    Founder & Executive Chairman

    • Tenure: 18.7yrs
    • Compensation: US$311.89k
  • Tom Hopkins (62yo)

    Independent Director

    • Tenure: 14.8yrs
    • Compensation: US$345.00k
  • Jan Geldmacher (57yo)

    Member of Board of Advisors

    • Tenure: 3.8yrs
  • Lance Braunstein

    Member of Board of Advisors

    • Tenure: 3.8yrs
  • Kyle Malady (51yo)

    Member of Board of Advisors

    • Tenure: 3.8yrs
  • Glenn Lurie (54yo)

    President

    • Tenure: 1.9yrs
    • Compensation: US$6.57m
  • Dave Schuette (53yo)

    Member of Board of Advisors

    • Tenure: 3.8yrs
    • Compensation: US$2.63m
  • Andrew Smith

    Member of Board of Advisors

    • Tenure: 3.8yrs
  • Laurie Harris (61yo)

    Director

    • Tenure: 0.3yrs

Company Information

Synchronoss Technologies, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Synchronoss Technologies, Inc.
  • Ticker: SNCR
  • Exchange: NasdaqGS
  • Founded: 2000
  • Industry: Application Software
  • Sector: Software
  • Market Cap: US$244.966m
  • Shares outstanding: 40.69m
  • Website: https://www.synchronoss.com

Number of Employees


Location

  • Synchronoss Technologies, Inc.
  • 200 Crossing Boulevard
  • 8th Floor
  • Bridgewater
  • New Jersey
  • 8807
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SNCRNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJun 2006

Biography

Synchronoss Technologies, Inc. provides cloud, digital, messaging, and Internet of Things (IoT) platforms, products, and solutions in North America, Europe, the Middle East, Africa, Latin America, and the  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 23:58
End of Day Share Price2019/10/17 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.