SilverSun Technologies
Market Cap
US$13.3m
Last Updated
2020/11/23 00:40 UTC
Data Sources
Company Financials
Executive Summary
SilverSun Technologies, Inc. operates as a business application, technology, and consulting company. More Details
Rewards
Risk Analysis
+ 1 more risk
Snowflake Analysis
Adequate balance sheet and fair value.
Share Price & News
How has SilverSun Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SSNT is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: SSNT's weekly volatility has decreased from 19% to 11% over the past year, but is still higher than 75% of US stocks.
Market Performance
7 Day Return
-0.7%
SSNT
0.3%
US Software
-0.5%
US Market
1 Year Return
-11.4%
SSNT
44.1%
US Software
18.3%
US Market
Return vs Industry: SSNT underperformed the US Software industry which returned 45.5% over the past year.
Return vs Market: SSNT underperformed the US Market which returned 19.1% over the past year.
Shareholder returns
| SSNT | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | 0.3% | -0.5% |
| 30 Day | 5.0% | -0.8% | 3.6% |
| 90 Day | -1.7% | 4.1% | 5.6% |
| 1 Year | -0.8%-11.4% | 45.0%44.1% | 21.0%18.3% |
| 3 Year | -16.7%-27.3% | 133.9%126.4% | 45.2%35.6% |
| 5 Year | 16.1%-3.3% | 237.9%219.1% | 89.8%68.8% |
Long-Term Price Volatility Vs. Market
How volatile is SilverSun Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Who Has Been Selling SilverSun Technologies, Inc. (NASDAQ:SSNT) Shares?3 months ago | Simply Wall St
Our Take On SilverSun Technologies' (NASDAQ:SSNT) CEO Salary5 months ago | Simply Wall St
Have SilverSun Technologies, Inc. (NASDAQ:SSNT) Insiders Been Selling Their Stock?Valuation
Is SilverSun 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
Below Fair Value: SSNT ($2.95) is trading below our estimate of fair value ($8.15)
Significantly Below Fair Value: SSNT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SSNT is unprofitable, so we can't compare its PE Ratio to the US Software industry average.
PE vs Market: SSNT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SSNT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SSNT is good value based on its PB Ratio (1.5x) compared to the US Software industry average (7.7x).
Next Steps
Future Growth
How is SilverSun Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
14.1%
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 SilverSun Technologies 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.
Next Steps
- Examine whether SilverSun Technologies is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Software industry.
Past Performance
How has SilverSun Technologies performed over the past 5 years?
-50.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SSNT is currently unprofitable.
Growing Profit Margin: SSNT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SSNT is unprofitable, and losses have increased over the past 5 years at a rate of 50.2% per year.
Accelerating Growth: Unable to compare SSNT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SSNT is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (8%).
Return on Equity
High ROE: SSNT has a negative Return on Equity (-1.42%), as it is currently unprofitable.
Next Steps
Financial Health
How is SilverSun Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: SSNT's short term assets ($10.0M) exceed its short term liabilities ($6.7M).
Long Term Liabilities: SSNT's short term assets ($10.0M) exceed its long term liabilities ($1.8M).
Debt to Equity History and Analysis
Debt Level: SSNT's debt to equity ratio (13.5%) is considered satisfactory.
Reducing Debt: SSNT's debt to equity ratio has reduced from 56.9% to 13.5% over the past 5 years.
Debt Coverage: SSNT's debt is not well covered by operating cash flow (12.9%).
Interest Coverage: Insufficient data to determine if SSNT's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is SilverSun Technologies's current dividend yield, its reliability and sustainability?
16.95%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SSNT's dividend (16.95%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: SSNT's dividend (16.95%) is in the top 25% of dividend payers in the US market (4.2%)
Stability and Growth of Payments
Stable Dividend: SSNT has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: SSNT's dividend payments have increased, but the company has only paid a dividend for 3 years.
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: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.6yrs
Average board tenure
CEO
Mark Meller (60 yo)
16.17yrs
Tenure
US$777,986
Compensation
Mr. Mark Meller has been the Chief Executive Officer of SWK Technologies, Inc. since May 27, 2016. Mr. Meller has been the Chief Executive Officer of SilverSun Technologies, Inc. since September 1, 2004 an...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD777.99K) is above average for companies of similar size in the US market ($USD562.78K).
Compensation vs Earnings: Mark's compensation has increased whilst the company is unprofitable.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 16.17yrs | US$777.99k | 44.58% $ 5.9m | |
| Independent Director | 9.33yrs | US$32.00k | 0.12% $ 16.1k | |
| Independent Director | 5.83yrs | US$38.00k | no data | |
| Independent Director | 3.67yrs | US$38.00k | 0.25% $ 32.5k |
7.6yrs
Average Tenure
64yo
Average Age
Experienced Board: SSNT's board of directors are considered experienced (7.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SSNT insiders have only sold shares 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
SilverSun Technologies, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: SilverSun Technologies, Inc.
- Ticker: SSNT
- Exchange: NasdaqCM
- Founded: 1988
- Industry: Systems Software
- Sector: Software
- Market Cap: US$13.279m
- Shares outstanding: 4.50m
- Website: https://www.silversuntech.com
Number of Employees
Location
- SilverSun Technologies, Inc.
- 120 Eagle Rock Avenue
- Suite 330
- East Hanover
- New Jersey
- 7936
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SSNT | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Jan 2012 |
Biography
SilverSun Technologies, Inc. operates as a business application, technology, and consulting company. The company resells enterprise resource planning software for the financial accounting requirements, as ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/23 00:40 |
| End of Day Share Price | 2020/11/20 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.