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SilverSun Technologies

Nasdaq:SSNT
Snowflake Description

Mediocre balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SSNT
Nasdaq
$14M
Market Cap
  1. Home
  2. US
  3. Software
Company description

SilverSun Technologies, Inc. operates as a business application, technology, and consulting company. The last earnings update was 126 days ago. More info.


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  • SilverSun Technologies has significant price volatility in the past 3 months.
SSNT Share Price and Events
7 Day Returns
-16.3%
NasdaqCM:SSNT
3.1%
US Software
2.4%
US Market
1 Year Returns
-18.2%
NasdaqCM:SSNT
22.2%
US Software
1.9%
US Market
SSNT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SilverSun Technologies (SSNT) -16.3% -11.3% 40% -18.2% 75% 5%
US Software 3.1% 4.3% 18.3% 22.2% 107.3% 134.4%
US Market 2.4% 1.7% 11.9% 1.9% 38.2% 42.4%
1 Year Return vs Industry and Market
  • SSNT underperformed the Software industry which returned 22.2% over the past year.
  • SSNT underperformed the Market in United States of America which returned 1.9% over the past year.
Price Volatility
SSNT
Industry
5yr Volatility vs Market
Related Companies

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SilverSun Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for SilverSun Technologies.

NasdaqCM:SSNT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:SSNT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.139 (1 + (1- 21%) (12.99%))
1.171
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.17
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.171 * 5.96%)
9.71%

Discounted Cash Flow Calculation for NasdaqCM:SSNT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SilverSun Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqCM:SSNT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.71%)
2019 1.33 Est @ 3.66% 1.22
2020 1.38 Est @ 3.38% 1.15
2021 1.42 Est @ 3.19% 1.08
2022 1.47 Est @ 3.05% 1.01
2023 1.51 Est @ 2.95% 0.95
2024 1.55 Est @ 2.89% 0.89
2025 1.60 Est @ 2.84% 0.83
2026 1.64 Est @ 2.81% 0.78
2027 1.69 Est @ 2.78% 0.73
2028 1.73 Est @ 2.77% 0.69
Present value of next 10 years cash flows $9.33
NasdaqCM:SSNT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1.73 × (1 + 2.73%) ÷ (9.71% – 2.73%)
$25.52
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $25.52 ÷ (1 + 9.71%)10
$10.10
NasdaqCM:SSNT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $9.33 + $10.10
$19.43
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $19.43 / 4.50
$4.32
NasdaqCM:SSNT Discount to Share Price
Calculation Result
Value per share (USD) From above. $4.32
Current discount Discount to share price of $3.15
= -1 x ($3.15 - $4.32) / $4.32
27%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price SilverSun Technologies is available for.
Intrinsic value
27%
Share price is $3.15 vs Future cash flow value of $4.32
Current Discount Checks
For SilverSun Technologies to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • SilverSun Technologies's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • SilverSun Technologies's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SilverSun Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SilverSun Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:SSNT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.19
NasdaqCM:SSNT Share Price ** NasdaqCM (2019-03-18) in USD $3.15
United States of America Software Industry PE Ratio Median Figure of 84 Publicly-Listed Software Companies 52.96x
United States of America Market PE Ratio Median Figure of 3,055 Publicly-Listed Companies 17.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SilverSun Technologies.

NasdaqCM:SSNT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:SSNT Share Price ÷ EPS (both in USD)

= 3.15 ÷ -0.19

-17.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SilverSun Technologies is loss making, we can't compare its value to the US Software industry average.
  • SilverSun Technologies is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does SilverSun Technologies's expected growth come at a high price?
Raw Data
NasdaqCM:SSNT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -17.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
40%per year
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.54x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for SilverSun Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SilverSun Technologies's assets?
Raw Data
NasdaqCM:SSNT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $1.01
NasdaqCM:SSNT Share Price * NasdaqCM (2019-03-18) in USD $3.15
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.71x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
NasdaqCM:SSNT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:SSNT Share Price ÷ Book Value per Share (both in USD)

= 3.15 ÷ 1.01

3.12x

* Primary Listing of SilverSun Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SilverSun Technologies is good value based on assets compared to the US Software industry average.
X
Value checks
We assess SilverSun Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. SilverSun Technologies has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is SilverSun Technologies expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover SilverSun Technologies, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
40%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SilverSun Technologies expected to grow at an attractive rate?
  • SilverSun Technologies's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • SilverSun Technologies's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare SilverSun Technologies's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:SSNT Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:SSNT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 40%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16.1%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 10.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:SSNT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:SSNT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 39 2 -1
2018-06-30 37 1 -1
2018-03-31 36 2 -1
2017-12-31 35 2 0
2017-09-30 34 1 1
2017-06-30 34 2 3
2017-03-31 34 2 4
2016-12-31 34 2 3
2016-09-30 34 2 3
2016-06-30 32 0 0
2016-03-31 29 0 0
2015-12-31 28 0 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SilverSun Technologies's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if SilverSun Technologies is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:SSNT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from SilverSun Technologies Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:SSNT Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.19
2018-06-30 -0.15
2018-03-31 -0.13
2017-12-31 -0.11
2017-09-30 0.15
2017-06-30 0.69
2017-03-31 0.79
2016-12-31 0.78
2016-09-30 0.72
2016-06-30 0.10
2016-03-31 -0.02
2015-12-31 0.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if SilverSun Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess SilverSun Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SilverSun Technologies has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has SilverSun Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SilverSun Technologies's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SilverSun Technologies does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare SilverSun Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare SilverSun Technologies's 1-year growth to the US Software industry average as it is not currently profitable.
Earnings and Revenue History
SilverSun Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SilverSun Technologies Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:SSNT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 39.03 -0.83 14.76
2018-06-30 37.33 -0.69 13.84
2018-03-31 36.16 -0.58 13.09
2017-12-31 34.85 -0.49 12.31
2017-09-30 34.34 0.66 11.67
2017-06-30 34.29 3.09 11.46
2017-03-31 34.34 3.52 11.09
2016-12-31 34.12 3.44 10.78
2016-09-30 33.91 3.16 11.18
2016-06-30 31.57 0.43 10.97
2016-03-31 28.94 -0.07 10.49
2015-12-31 27.64 0.37 10.00
2015-09-30 24.81 0.35 8.91
2015-06-30 23.70 0.58 8.22
2015-03-31 23.02 0.59 8.04
2014-12-31 21.46 0.19 7.74
2014-09-30 21.38 0.66 7.52
2014-06-30 19.66 0.33 7.15
2014-03-31 18.28 0.33 6.59
2013-12-31 17.40 0.32 6.19
2013-09-30 16.02 -0.20 6.14
2013-06-30 15.11 -0.02 5.72
2013-03-31 14.31 -0.41 5.85
2012-12-31 13.18 -1.24 6.27
2012-09-30 12.15 -1.03 5.81
2012-06-30 11.05 -1.16 5.58
2012-03-31 10.67 1.47 5.05

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if SilverSun Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if SilverSun Technologies has efficiently used its assets last year compared to the US Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if SilverSun Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess SilverSun Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SilverSun Technologies has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is SilverSun Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SilverSun Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SilverSun Technologies's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • SilverSun Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of SilverSun Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SilverSun Technologies Company Filings, last reported 5 months ago.

NasdaqCM:SSNT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 4.54 1.84 1.81
2018-06-30 4.36 1.99 1.15
2018-03-31 4.34 0.51 1.81
2017-12-31 4.23 0.65 2.24
2017-09-30 5.48 0.69 1.66
2017-06-30 5.15 0.79 1.54
2017-03-31 5.11 0.85 1.36
2016-12-31 4.97 0.95 1.62
2016-09-30 4.69 1.26 1.71
2016-06-30 1.94 1.34 0.67
2016-03-31 1.38 1.38 0.67
2015-12-31 1.56 1.48 1.19
2015-09-30 1.75 1.14 1.14
2015-06-30 1.47 0.60 2.06
2015-03-31 1.38 0.64 2.38
2014-12-31 0.01 0.55 1.31
2014-09-30 0.24 0.55 1.45
2014-06-30 -0.12 0.64 0.94
2014-03-31 -0.23 0.35 1.11
2013-12-31 -0.40 0.40 0.76
2013-09-30 -0.63 0.44 0.94
2013-06-30 -0.60 0.13 0.06
2013-03-31 -0.67 0.11 0.26
2012-12-31 -0.81 0.29 0.00
2012-09-30 -0.57 0.50 0.10
2012-06-30 -0.76 0.67 0.18
2012-03-31 -0.84 0.08 0.10
  • SilverSun Technologies's level of debt (40.5%) compared to net worth is high (greater than 40%).
  • SilverSun Technologies had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (104.6%, greater than 20% of total debt).
  • SilverSun Technologies is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess SilverSun Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SilverSun Technologies has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.59%
Current annual income from SilverSun Technologies dividends.
If you bought $2,000 of SilverSun Technologies shares you are expected to receive $32 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • SilverSun Technologies's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • SilverSun Technologies's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:SSNT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:SSNT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-12-26 0.050 1.782
2017-11-15 0.080 2.152

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether SilverSun Technologies has stable dividend payments.
  • SilverSun Technologies only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of SilverSun Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as SilverSun Technologies has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess SilverSun Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SilverSun Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SilverSun Technologies has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of SilverSun Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mark Meller
COMPENSATION $640,862
AGE 58
TENURE AS CEO 14.5 years
CEO Bio

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 and has been its Chairman since May 10, 2009. Mr. Meller has been the Chief Executive Officer and President of Thomas Pharmaceuticals, Ltd. since May 22, 2008 and has been its Chief Financial Officer and Principal Accounting Officer since May 2008. Mr. Meller has been the Chief Executive Officer, President and Chief Financial Officer of MM2 Group, Inc. since October 19, 2005 and serves as its Principal Accounting Officer. He has been the President of SilverSun Technologies, Inc. since September 15, 2003 and served as its Principal Accounting Officer. He has been actively engaged in the acquisition and build-out mid-market companies for over 20 years. He is a Registered Principal of Bristol Investment Group Inc. He served as the Chief Financial Officer at SilverSun Technologies, Inc. from September 15, 2003 to January 29, 2015. Mr. Meller served as the Chief Executive Officer of Bristol Townsend & Co., Inc. from 1988 to 2003. Mr. Meller served as the Chief Executive Officer, President and Chief Financial Officer of Deep Field Technologies Inc. from October 1, 2004 to February 2007 and served as its Principal Accounting Officer. Mr. Meller served as President, Chief Executive Officer and Chief Financial Officer of Ivoice Technology Inc. from August 26, 2005 to August 31, 2006 and served as its Principal Accounting Officer. Mr. Meller served as President, Chief Executive Officer and Chief Financial Officer of Wien Group Inc. since October 19, 2005. From 1986 to 1988, he served as Vice President of Corporate Finance and General Counsel of Crown Capital Group Inc. Prior to 1986, Mr. Meller served as Financial Consultant and Practiced law in New York City. Mr. Meller served as Chief Executive Officer, President and Chief Financial Officer of Trey Resources since September 2003. He was a certified public Accountant with Ernst & Young. He served as Controller at Grow Group, Inc. since 1981 and served as its Chief Financial Officer since 1987. He served as Senior Associate at Beacon Consulting Associates and served as its Vice President since 1999. He served as Chief Executive Officer, President and Chief Financial Officer of B Green Innovations, Inc. from August 26, 2005 to August 29, 2006 and served as its Principal Accounting Officer. He has been the Chairman of Thomas Pharmaceuticals Ltd. since September 2008 and SilverSun Technologies Inc. since May 10, 2009. He has been a Director of M2 Group, Inc. since October 19, 2005, SilverSun Technologies, Inc. since September 15, 2003, Trey Resources Inc. (formerly Trey Industries Inc.) since September 2003 and Thomas Pharmaceuticals Ltd. since May 22, 2008. He served as a Director of SpeechSwitch Inc. from February 2008 to October 2008. He served as a Director of Wien Group Inc. since October 19, 2005. iVoice Technology Inc. since 2005, B Green Innovations, Inc. since 2005 and Deep Field Technologies Inc. from August 3, 2004 to February 2007. He served as a Director of Kenergy Scientific, Inc. from February 2008 to October 2008. He is a Member of the New York State Bar. He holds a BBA degree from Baruch College of the City University of New York and is a Certified Public Accountant in New York State. He graduated from SUNY-Binghamton with a BA in Economics/Political Science and received his J.D. from the Boston University School of law.

CEO Compensation
  • Mark's compensation has increased whilst company is loss making.
  • Mark's remuneration is higher than average for companies of similar size in United States of America.
Management Team

Mark Meller

TITLE
Chairman
COMPENSATION
$641K
AGE
58
TENURE
14.5 yrs

Christine Dye

TITLE
Chief Financial Officer
TENURE
0.1 yrs

Gary Berman

TITLE
Executive Vice President of SWK Technologies
Board of Directors Tenure

Average tenure and age of the SilverSun Technologies board of directors in years:

6.2
Average Tenure
62
Average Age
  • The tenure for the SilverSun Technologies board of directors is about average.
Board of Directors

Mark Meller

TITLE
Chairman
COMPENSATION
$641K
AGE
58
TENURE
9.8 yrs

Joseph Macaluso

TITLE
Independent Director
COMPENSATION
$18K
AGE
66
TENURE
4.2 yrs

John Schachtel

TITLE
Independent Director
COMPENSATION
$33K
AGE
57
TENURE
2 yrs

Stanley Wunderlich

TITLE
Independent Director
COMPENSATION
$12K
AGE
67
TENURE
8.2 yrs
Who owns this company?
Recent Insider Trading
  • SilverSun Technologies insiders have only sold shares in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
19. Feb 19 Sell Stanley Wunderlich Individual 14. Feb 19 14. Feb 19 -1,741 $3.45 $-6,006
10. Dec 18 Sell Stanley Wunderlich Individual 06. Dec 18 06. Dec 18 -1,500 $2.80 $-4,200
23. Oct 18 Sell Stanley Wunderlich Individual 22. Oct 18 22. Oct 18 -1,100 $3.61 $-3,971
16. Oct 18 Sell Stanley Wunderlich Individual 12. Oct 18 12. Oct 18 -1,100 $3.60 $-3,960
29. Aug 18 Sell Jeffrey Roth Individual 23. Aug 18 23. Aug 18 -8,938 $3.48 $-31,148
29. Aug 18 Sell Jeffrey Roth Individual 21. Aug 18 21. Aug 18 -100 $3.40 $-340
16. Aug 18 Sell Jeffrey Roth Individual 09. Aug 18 09. Aug 18 -962 $3.85 $-3,707
03. Aug 18 Sell Jeffrey Roth Individual 26. Jul 18 31. Jul 18 -13,800 $3.85 $-52,335
18. Jul 18 Sell Jeffrey Roth Individual 12. Jul 18 17. Jul 18 -11,200 $3.78 $-42,049
11. Jul 18 Sell Jeffrey Roth Individual 03. Jul 18 05. Jul 18 -10,000 $4.00 $-40,008
X
Management checks
We assess SilverSun Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SilverSun Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

SilverSun Technologies, Inc. (NASDAQ:SSNT): Time For A Financial Health Check

Investors are always looking for growth in small-cap stocks like SilverSun Technologies, Inc. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

If You Had Bought SilverSun Technologies Stock Three Years Ago, You Could Pocket A 105% Gain Today

During the three years of share price growth, SilverSun Technologies actually saw its earnings per share (EPS) drop 37% per year. … It may well be that SilverSun Technologies revenue growth rate of 11% over three years has convinced shareholders to believe in a brighter future. … In that case, the company may be sacrificing current earnings per share to drive growth, and maybe shareholder's faith in better days ahead will be rewarded

Simply Wall St -

Do Insiders Own Lots Of Shares In SilverSun Technologies, Inc. (NASDAQ:SSNT)?

A look at the shareholders of SilverSun Technologies, Inc. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … SilverSun Technologies is a smaller company with a market capitalization of US$11m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Is SilverSun Technologies, Inc.'s (NASDAQ:SSNT) CEO Pay Fair?

Mark Meller became the CEO of SilverSun Technologies, Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Mark Meller's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Does SilverSun Technologies Inc (NASDAQ:SSNT)'s Capital Return Make The Cut?

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Therefore, looking at how efficiently SilverSun Technologies is able to use capital to create earnings will help us understand your potential return. … SilverSun Technologies's Return On Capital Employed

Simply Wall St -

SilverSun Technologies Inc (NASDAQ:SSNT): Time For A Financial Health Check

SilverSun Technologies Inc (NASDAQ:SSNT) is a small-cap stock with a market capitalization of US$14m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is

Simply Wall St -

Do Institutions Own SilverSun Technologies Inc (NASDAQ:SSNT) Shares?

The big shareholder groups in SilverSun Technologies Inc (NASDAQ:SSNT) have power over the company. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … SilverSun Technologies is a smaller company with a market capitalization of US$16m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Is SilverSun Technologies Inc's (NASDAQ:SSNT) CEO Overpaid Relative To Its Peers?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Mark Meller's Compensation Compare With Similar Sized Companies. … Thus we can conclude that Mark Meller receives more in total compensation than the median of a group of companies in the same market, and of similar size to SilverSun Technologies Inc

Simply Wall St -

What Should Investors Know About SilverSun Technologies Inc's (NASDAQ:SSNT) Capital Returns?

and looking to gauge the potential return on investment in SilverSun Technologies Inc (NASDAQ:SSNT). … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … To understand SilverSun Technologies’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

Breaking Down SilverSun Technologies Inc's (NASDAQ:SSNT) Ownership Structure

In this article, I'm going to take a look at SilverSun Technologies Inc’s (NASDAQ:SSNT) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … Differences in ownership structure of companies can have a profound effect on how management's incentives are aligned with shareholder returns, and whether they adhere to corporate governance best practices.

Simply Wall St -

Company Info

Description

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 well as offers associated training, technical support, and professional services. The company also publishes and markets MAPADOC, an electronic data interchange software through a network of resellers. In addition, the company resells warehouse management system software, which controls the movement and storage of materials; and offers customer relationship management and business intelligence products. Further, it provides managed services, data back-up, network maintenance and service upgrades, hosting, business continuity, cloud, email, and Web services. It serves small and medium-sized businesses that sell services and products to various end users, manufacturers, wholesalers, and distributors in the United States. The company was formerly known as Trey Resources, Inc. and changed its name to SilverSun Technologies, Inc. in June 2011. SilverSun Technologies, Inc. was founded in 1988 and is headquartered in East Hanover, New Jersey.

Details
Name: SilverSun Technologies, Inc.
SSNT
Exchange: NasdaqCM
Founded: 1988
$14,177,378
4,500,755
Website: http://www.silversuntech.com
Address: SilverSun Technologies, Inc.
120 Eagle Rock Avenue,
Suite 330,
East Hanover,
New Jersey, 07936,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM SSNT Common Stock Nasdaq Capital Market US USD 13. Jan 2012
Number of employees
Current staff
Staff numbers
158
SilverSun Technologies employees.
Industry
Systems Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 00:24
End of day share price update: 2019/03/18 00:00
Last earnings filing: 2018/11/13
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.