NasdaqCM:SSNT

Stock Analysis Report

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

1.4%

SSNT

1.3%

US Software

1.0%

US Market


1 Year Return

-1.4%

SSNT

24.2%

US Software

6.7%

US Market

Return vs Industry: SSNT underperformed the US Software industry which returned 24.2% over the past year.

Return vs Market: SSNT underperformed the US Market which returned 6.7% over the past year.


Share holder returns

SSNTIndustryMarket
7 Day1.4%1.3%1.0%
30 Day2.9%-0.5%-1.8%
90 Day43.9%-3.2%-1.8%
1 Year1.0%-1.4%25.9%24.2%9.1%6.7%
3 Year56.5%50.0%123.3%114.6%46.0%36.6%
5 Year-19.6%-25.0%180.8%160.4%66.9%48.6%

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

Valuation

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

57.88x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: SSNT ($3.6) is trading above our estimate of fair value ($0.71)

Significantly Undervalued: SSNT is trading above our estimate of fair value.


Price Based on Earnings

PE vs Industry: SSNT is poor value based on its PE Ratio (57.9x) compared to the Software industry average (47.7x).

PE vs Market: SSNT is poor value based on its PE Ratio (57.9x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate SSNT's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: SSNT is good value based on its PB Ratio (3.7x) compared to the US Software industry average (5.3x).


Next Steps

Future Growth

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

13.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: SSNT's forecast earnings growth (13.3% per year) is above the savings rate (2.7%).

Earnings vs Market: SSNT's earnings (13.3% per year) are forecast to grow slower than the US market (14.5% 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 Estimates


Future Return on Equity

High 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 (19.1%).


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 3.397900x debt).


Next Steps

Dividend

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

1.39%

Current Dividend Yield


Dividend Yield vs Market

company1.4%marketbottom25%1.5%markettop25%3.8%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: SSNT's dividend (1.39%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: SSNT's dividend (1.39%) is low compared to the top 25% of dividend payers in the US market (3.77%).

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 ($USD704.69K) is about average for companies of similar size in the US market ($USD495.80K).

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

SellUS$3,68603 Jun 19
Jeffrey Roth
EntityIndividual
Shares1,391
Max PriceUS$2.65
SellUS$8,12723 May 19
Jeffrey Roth
EntityIndividual
Shares2,957
Max PriceUS$2.75
SellUS$55,45621 May 19
Jeffrey Roth
EntityIndividual
Shares21,774
Max PriceUS$2.57
SellUS$5,60829 Apr 19
Jeffrey Roth
EntityIndividual
Shares1,900
Max PriceUS$2.97
SellUS$12,28209 Apr 19
Jeffrey Roth
EntityIndividual
Shares4,000
Max PriceUS$3.07
SellUS$39,85409 Apr 19
Jeffrey Roth
EntityIndividual
Shares12,978
Max PriceUS$3.11
SellUS$6,00619 Feb 19
Stanley Wunderlich
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,741
Max PriceUS$3.45
SellUS$4,20010 Dec 18
Stanley Wunderlich
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,500
Max PriceUS$2.80
SellUS$3,97123 Oct 18
Stanley Wunderlich
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,100
Max PriceUS$3.61

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$16.203m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SSNTNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJan 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 02:46
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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