NasdaqCM:SSNT

Stock Analysis Report

Executive Summary

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


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.4%

SSNT

9.8%

US Software

12.5%

US Market


1 Year Return

-32.3%

SSNT

6.4%

US Software

-12.7%

US Market

Return vs Industry: SSNT underperformed the US Software industry which returned 6.4% over the past year.

Return vs Market: SSNT underperformed the US Market which returned -12.7% over the past year.


Shareholder returns

SSNTIndustryMarket
7 Day4.4%9.8%12.5%
30 Day-35.1%-8.9%-14.7%
90 Day-55.4%-6.8%-21.5%
1 Year-24.1%-32.3%7.5%6.4%-10.9%-12.7%
3 Year-43.4%-51.4%100.4%91.8%12.6%5.4%
5 Year-28.6%-40.5%165.1%146.5%31.9%17.5%

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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SSNT ($1.94) is trading below our estimate of fair value ($8.41)

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 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 (1x) compared to the US Software industry average (4.3x).


Next Steps

Future Growth

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

10.1%

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

Past Performance

How has SilverSun Technologies performed over the past 5 years?

-33.1%

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 -33.1% 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 (18.7%).


Return on Equity

High ROE: SSNT has a negative Return on Equity (-16.5%), 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 ($13.0M) exceed its short term liabilities ($8.7M).

Long Term Liabilities: SSNT's short term assets ($13.0M) exceed its long term liabilities ($1.4M).


Debt to Equity History and Analysis

Debt Level: SSNT's debt to equity ratio (13.4%) is considered satisfactory.

Reducing Debt: SSNT's debt to equity ratio has reduced from 1456.1% to 13.4% over the past 5 years.


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 10.9x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: SSNT has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: SSNT has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

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

25.77%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SSNT's dividend (25.77%) is higher than the bottom 25% of dividend payers in the US market (1.98%).

High Dividend: SSNT's dividend (25.77%) is in the top 25% of dividend payers in the US market (5.49%)


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 2 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?

1.0yrs

Average management tenure


CEO

Mark Meller (59yo)

15.5s

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 ($USD704.69K) is about average for companies of similar size in the US market ($USD605.16K).

Compensation vs Earnings: Mark's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Mark Meller
Chairman15.5yrsUS$704.69k44.58% $3.9m
Crandall Melvin
Advisor to the Chief Executive Officer1yrUS$206.50kno data
Christine Dye
Chief Financial Officer1yrno datano data
Gary Berman
Executive Vice President of SWK Technologiesno datano datano data

1.0yrs

Average Tenure

59yo

Average Age

Experienced Management: SSNT's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Mark Meller
Chairman15.5yrsUS$704.69k44.58% $3.9m
Stanley Wunderlich
Independent Director8.67yrsUS$12.00k0.13% $11.1k
Joseph Macaluso
Independent Director5.17yrsUS$18.00k0.074% $6.5k
John Schachtel
Independent Director3yrsUS$18.00k0.25% $21.4k

6.9yrs

Average Tenure

63yo

Average Age

Experienced Board: SSNT's board of directors are considered experienced (6.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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$8.732m
  • 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 well as offers 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 customer relationship management and business intelligence products. Further, it provides managed, cybersecurity, business continuity, disaster recovery, data back-up, network maintenance and service upgrades, and application hosting 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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 04:18
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.