NasdaqCM:SSNT

Stock Analysis Report

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Market Cap

US$45.0m

Last Updated

2021/08/04 22:57 UTC

Data Sources

Company Financials

Executive Summary

SilverSun Technologies, Inc. operates as a business application, technology, and consulting company. More Details


Snowflake Analysis

Flawless 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 +/- 15% a week.

Volatility Over Time: SSNT's weekly volatility (15%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

-7.3%

SSNT

1.1%

US Software

0.9%

US Market


1 Year Return

70.6%

SSNT

35.5%

US Software

34.7%

US Market

Return vs Industry: SSNT exceeded the US Software industry which returned 35.5% over the past year.

Return vs Market: SSNT exceeded the US Market which returned 34.7% over the past year.


Shareholder returns

SSNTIndustryMarket
7 Day-7.3%1.1%0.9%
30 Day-24.0%2.5%0.2%
90 Day23.5%17.0%4.7%
1 Year100.9%70.6%36.2%35.5%36.8%34.7%
3 Year225.1%140.7%143.6%137.0%62.5%52.4%
5 Year705.0%484.9%355.0%331.4%123.1%98.4%

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

Valuation

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

42.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SSNT ($8.89) is trading below our estimate of fair value ($15.57)

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


Price To Earnings Ratio

PE vs Industry: SSNT is good value based on its PE Ratio (49.4x) compared to the US Software industry average (50.5x).

PE vs Market: SSNT is poor value based on its PE Ratio (49.4x) compared to the US market (18x).


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 (3.8x) compared to the US Software industry average (6.8x).


Future Growth

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

21.1%

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.


Past Performance

How has SilverSun Technologies performed over the past 5 years?

-44.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SSNT has high quality earnings.

Growing Profit Margin: SSNT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SSNT has become profitable over the past 5 years, growing earnings by -44% per year.

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 (34.2%).


Return on Equity

High ROE: SSNT's Return on Equity (7%) is considered low.


Financial Health

How is SilverSun Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: SSNT's short term assets ($12.7M) exceed its short term liabilities ($6.6M).

Long Term Liabilities: SSNT's short term assets ($12.7M) exceed its long term liabilities ($1.3M).


Debt to Equity History and Analysis

Debt Level: SSNT's debt to equity ratio (6.2%) is considered satisfactory.

Reducing Debt: SSNT's debt to equity ratio has reduced from 88% to 6.2% over the past 5 years.

Debt Coverage: SSNT's debt is well covered by operating cash flow (210.3%).

Interest Coverage: SSNT's interest payments on its debt are well covered by EBIT (35.6x coverage).


Balance Sheet


Dividend

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

6.75%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SSNT's dividend (6.75%) is higher than the bottom 25% of dividend payers in the US market (1.3%).

High Dividend: SSNT's dividend (6.75%) is in the top 25% of dividend payers in the US market (3.54%)


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 4 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?

2.5yrs

Average management tenure


CEO

Mark Meller (61 yo)

16.92yrs

Tenure

US$885,758

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 ($USD885.76K) is above average for companies of similar size in the US market ($USD551.07K).

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


Leadership Team

Experienced Management: SSNT's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: SSNT's board of directors are considered experienced (7.3 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 been diluted in the past year, with total shares outstanding growing by 12.4%.


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$44.994m
  • Shares outstanding: 5.06m
  • 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


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/04 22:57
End of Day Share Price2021/08/04 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.