SilverSun Technologies
Market Cap
US$16.4m
Last Updated
2019/10/24 00:37 UTC
Data Sources
Company Financials
Executive Summary
SilverSun Technologies, Inc. operates as a business application, technology, and consulting company.
Snowflake
Fundamentals
Excellent balance sheet and overvalued.
Share Price & News
How has SilverSun Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-6.1%
SSNT
-3.0%
US Software
0.4%
US Market
1 Year Return
2.8%
SSNT
23.8%
US Software
11.4%
US Market
Return vs Industry: SSNT underperformed the US Software industry which returned 23.8% over the past year.
Return vs Market: SSNT underperformed the US Market which returned 11.4% over the past year.
Shareholder returns
| SSNT | Industry | Market | |
|---|---|---|---|
| 7 Day | -6.1% | -3.0% | 0.4% |
| 30 Day | -2.7% | -3.1% | 0.3% |
| 90 Day | 25.9% | -9.0% | -1.2% |
| 1 Year | 5.3%2.8% | 25.6%23.8% | 13.9%11.4% |
| 3 Year | 58.7%52.1% | 110.3%101.8% | 47.2%37.6% |
| 5 Year | 30.4%21.7% | 159.3%140.5% | 62.4%44.6% |
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 week ago | Simply Wall St
Did SilverSun Technologies's (NASDAQ:SSNT) Share Price Deserve to Gain 57%?3 weeks ago | Simply Wall St
What To Know Before Buying SilverSun Technologies, Inc. (NASDAQ:SSNT) For Its Dividend1 month ago | Simply Wall St
A Closer Look At SilverSun Technologies, Inc.'s (NASDAQ:SSNT) Uninspiring ROEValuation
Is SilverSun Technologies undervalued compared to its fair value and its price relative to the market?
58.68x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SSNT ($3.65) is trading above our estimate of fair value ($0.7)
Significantly Below Fair Value: SSNT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SSNT is poor value based on its PE Ratio (58.7x) compared to the Software industry average (44.8x).
PE vs Market: SSNT is poor value based on its PE Ratio (58.7x) compared to the US market (17.7x).
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 (3.7x) compared to the US Software industry average (5.2x).
Next Steps
Future Growth
How is SilverSun Technologies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
14.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SSNT's forecast earnings growth (14.4% per year) is above the savings rate (2.7%).
Earnings vs Market: SSNT's earnings (14.4% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: SSNT's earnings are forecast to grow, but not significantly.
Revenue vs Market: Insufficient data to determine if SSNT's revenue is forecast to grow faster than the US market.
High Growth Revenue: Insufficient data to determine if SSNT's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SSNT's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has SilverSun Technologies performed over the past 5 years?
-10.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: SSNT's earnings have declined by -10.9% per year over the past 5 years.
Accelerating Growth: SSNT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SSNT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (23%).
Return on Equity
High ROE: SSNT's Return on Equity (6.3%) is considered low.
Return on Assets
ROA vs Industry: SSNT's Return on Assets is below or equal to the Software industry average last year.
Return on Capital Employed
ROCE Improving: SSNT's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is SilverSun Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: SSNT's short term assets ($4.8M) do not cover its short term liabilities ($6.6M)
Long Term Liabilities: SSNT's short term assets (4.8M) exceeds its long term liabilities (1.8M)
Debt to Equity History and Analysis
Debt Level: SSNT's debt to equity ratio (32%) is considered satisfactory
Reducing Debt: SSNT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: SSNT's debt is well covered by operating cash flow (66.7%).
Interest Coverage: SSNT's interest payments on its debt are well covered by EBIT (6.7x coverage).
Balance Sheet
Inventory Level: SSNT has a low level of unsold assets or inventory.
Debt Coverage by Assets: SSNT's debt is covered by short term assets (assets are 3.4x debt).
Next Steps
Dividend
What is SilverSun Technologies's current dividend yield, its reliability and sustainability?
1.37%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: SSNT's dividend (1.37%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: SSNT's dividend (1.37%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stable Dividend: SSNT has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: SSNT has only been paying a dividend for 2 years, and since then payments have fallen.
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
What is the CEO of SilverSun Technologies's salary, the management and board of directors tenure and is there insider trading?
0.7yrs
Average management tenure
CEO
Mark Meller (59yo)
15.1yrs
Tenure
US$704,685
Compensation
Mr. Mark Meller has been the Chief Executive Officer of SWK Technologies, Inc. since May 27, 2016. Mr. Meller has been the Chief Executive Officer of SilverSun Technologies, Inc. since September 1, 2004 an ...
CEO Compensation Analysis
Compensation vs. Market: Mark's total compensation ($USD704.69K) is about average for companies of similar size in the US market ($USD505.79K).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
Management Age and Tenure
0.7yrs
Average Tenure
59yo
Average Age
Experienced Management: SSNT's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
Board Age and Tenure
6.8yrs
Average Tenure
63yo
Average Age
Experienced Board: SSNT's board of directors are considered experienced (6.8 years average tenure).
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
| Entity | Individual |
| Shares | 1,391 |
| Max Price | US$2.65 |
| Entity | Individual |
| Shares | 2,957 |
| Max Price | US$2.75 |
| Entity | Individual |
| Shares | 21,774 |
| Max Price | US$2.57 |
| Entity | Individual |
| Shares | 1,900 |
| Max Price | US$2.97 |
| Entity | Individual |
| Shares | 4,000 |
| Max Price | US$3.07 |
| Entity | Individual |
| Shares | 12,978 |
| Max Price | US$3.11 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,741 |
| Max Price | US$3.45 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,500 |
| Max Price | US$2.80 |
Ownership Breakdown
Management Team
Mark Meller (59yo)
Chairman
- Tenure: 15.1yrs
- Compensation: US$704.69k
Chip Melvin (62yo)
Advisor to the Chief Executive Officer
- Tenure: 0.7yrs
- Compensation: US$206.50k
Gary Berman
Executive Vice President of SWK Technologies
- Tenure: 0yrs
Christine Dye (46yo)
Chief Financial Officer
- Tenure: 0.7yrs
Board Members
Mark Meller (59yo)
Chairman
- Tenure: 15.1yrs
- Compensation: US$704.69k
Stanley Wunderlich (68yo)
Independent Director
- Tenure: 8.8yrs
- Compensation: US$12.00k
Joseph Macaluso (67yo)
Independent Director
- Tenure: 4.8yrs
- Compensation: US$18.00k
John Schachtel (58yo)
Independent Director
- Tenure: 2.6yrs
- Compensation: US$18.00k
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$16.428m
- 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 | 2019/10/24 00:37 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.