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SNCR

Synchronoss Technologies NasdaqGS:SNCR Stock Report

Last Price

US$1.65

Market Cap

US$142.1m

7D

3.1%

1Y

-39.3%

Updated

09 Aug, 2022

Data

Company Financials +
SNCR fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

SNCR Stock Overview

Synchronoss Technologies, Inc. provides cloud, messaging, digital, and network management platforms, products, and solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Synchronoss Technologies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Synchronoss Technologies
Historical stock prices
Current Share PriceUS$1.65
52 Week HighUS$3.09
52 Week LowUS$1.06
Beta1.28
1 Month Change38.66%
3 Month Change33.07%
1 Year Change-39.34%
3 Year Change-80.26%
5 Year Change-90.10%
Change since IPO-81.36%

Recent News & Updates

Aug 09

Synchronoss Technologies Q2 Non-GAAP EPS of $0.10, revenue down Y/Y, FY22 guidance narrowed

Synchronoss Technologies press release (NASDAQ:SNCR): Q2 Non-GAAP EPS of $0.10 (vs. -$0.27 Y/Y). Revenue of $65.24M (-8.8% Y/Y). For FY22, revenue is now expected to be in the range of $260.0M to $270.0M (vs. consensus of $266.29M).

Shareholder Returns

SNCRUS SoftwareUS Market
7D3.1%-3.6%0.3%
1Y-39.3%-17.4%-13.5%

Return vs Industry: SNCR underperformed the US Software industry which returned -17.8% over the past year.

Return vs Market: SNCR underperformed the US Market which returned -13% over the past year.

Price Volatility

Is SNCR's price volatile compared to industry and market?
SNCR volatility
SNCR Average Weekly Movement12.1%
Software Industry Average Movement10.7%
Market Average Movement7.9%
10% most volatile stocks in US Market17.2%
10% least volatile stocks in US Market3.2%

Stable Share Price: SNCR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: SNCR's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20001,536Jeff Millerhttps://www.synchronoss.com

Synchronoss Technologies, Inc. provides cloud, messaging, digital, and network management platforms, products, and solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company’s platforms, products, and solutions include content backup, view, manage, engage, transfer, and restore solutions in operating systems and devices; multi-channel messaging, peer-to-peer communications, and application-to-person commerce solutions; email solutions; customer journey and workflow design, development, orchestration, and experience management solutions; and telecom network infrastructure designing, procuring, managing, and optimizing solutions. It also streamlines the activation of new services and devices.

Synchronoss Technologies Fundamentals Summary

How do Synchronoss Technologies's earnings and revenue compare to its market cap?
SNCR fundamental statistics
Market CapUS$142.13m
Earnings (TTM)-US$41.51m
Revenue (TTM)US$280.98m

0.5x

P/S Ratio

-3.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SNCR income statement (TTM)
RevenueUS$280.98m
Cost of RevenueUS$105.25m
Gross ProfitUS$175.73m
Other ExpensesUS$217.24m
Earnings-US$41.51m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 09, 2022

Earnings per share (EPS)-0.48
Gross Margin62.54%
Net Profit Margin-14.77%
Debt/Equity Ratio79.0%

How did SNCR perform over the long term?

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

Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SNCR?

Other financial metrics that can be useful for relative valuation.

SNCR 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/Revenue1.4x
Enterprise Value/EBITDA30.1x
PEG Ration/a

Price to Sales Ratio vs Peers

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

SNCR PS Ratio vs Peers
The above table shows the PS ratio for SNCR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.3x
GREE Greenidge Generation Holdings
1.1x24.3%US$152.6m
LTCH Latch
3.4x39.4%US$162.2m
NOTE FiscalNote Holdings
1.6x35.1%US$146.8m
SAI SAI.TECH Global
7.1xn/aUS$121.7m
SNCR Synchronoss Technologies
0.5x1.5%US$142.1m

Price-To-Sales vs Peers: SNCR is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (3.3x).


Price to Earnings Ratio vs Industry

How does SNCR's PE Ratio compare vs other companies in the US Software Industry?

Price-To-Sales vs Industry: SNCR is good value based on its Price-To-Sales Ratio (0.5x) compared to the US Software industry average (5.3x)


Price to Sales Ratio vs Fair Ratio

What is SNCR'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.

SNCR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ratio1.6x

Price-To-Sales vs Fair Ratio: SNCR is good value based on its Price-To-Sales Ratio (0.5x) compared to the estimated Fair Price-To-Sales Ratio (1.6x).


Share Price vs Fair Value

What is the Fair Price of SNCR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SNCR ($1.65) is trading below our estimate of fair value ($16.22)

Significantly Below Fair Value: SNCR is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

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


75.5%

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 (1.5% per year) is forecast to grow slower than the US market (7.9% per year).

High Growth Revenue: SNCR's revenue (1.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


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Past Performance

How has Synchronoss Technologies 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


20.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SNCR is currently unprofitable.

Growing Profit Margin: SNCR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SNCR is unprofitable, but has reduced losses over the past 5 years at a rate of 20.1% 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 (18.5%).


Return on Equity

High ROE: SNCR has a negative Return on Equity (-8.15%), as it is currently unprofitable.


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Financial Health

How is Synchronoss Technologies's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: SNCR's short term assets ($116.6M) exceed its short term liabilities ($91.6M).

Long Term Liabilities: SNCR's short term assets ($116.6M) do not cover its long term liabilities ($178.5M).


Debt to Equity History and Analysis

Debt Level: SNCR's net debt to equity ratio (66.1%) is considered high.

Reducing Debt: SNCR's debt to equity ratio has reduced from 216.7% to 79% over the past 5 years.


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

Forecast Cash Runway: Insufficient data to determine if SNCR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

What is Synchronoss Technologies's 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 SNCR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SNCR'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 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.


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 SNCR has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

1.9yrs

Average management tenure


CEO

Jeff Miller (58 yo)

1.92yrs

Tenure

US$4,647,924

Compensation

Mr. Jeffrey George Miller, also known as Jeff, serves as President, Chief Executive Officer and Director at Synchronoss Technologies Inc. since March 2021. He served as Chief Commercial Officer at Synchron...


CEO Compensation Analysis

Compensation vs Market: Jeff's total compensation ($USD4.65M) is above average for companies of similar size in the US market ($USD763.69K).

Compensation vs Earnings: Jeff's compensation has increased whilst the company is unprofitable.


Leadership Team

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


Board Members

Experienced Board: SNCR's board of directors are considered experienced (6.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SNCR 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

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


Key Information

  • Name: Synchronoss Technologies, Inc.
  • Ticker: SNCR
  • Exchange: NasdaqGS
  • Founded: 2000
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: US$142.130m
  • Shares outstanding: 86.14m
  • Website: https://www.synchronoss.com

Number of Employees


Location

  • Synchronoss Technologies, Inc.
  • 200 Crossing Boulevard
  • 3rd Floor
  • Bridgewater
  • New Jersey
  • 8807
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/09 00:00
End of Day Share Price2022/08/09 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.