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 slightly overvalued.

Risks

  • SilverSun Technologies has significant price volatility in the past 3 months.
  • SilverSun Technologies is not covered by any analysts.

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

-13.2%

NasdaqCM:SSNT

-1.3%

US Software

0.9%

US Market


1 Year Return

-34.3%

NasdaqCM:SSNT

19.3%

US Software

0.3%

US Market

SSNT underperformed the Software industry which returned 18.3% over the past year.

SSNT underperformed the Market in United States of America which returned -0.5% over the past year.


Share holder returns

SSNTIndustryMarket
7 Day-13.2%-1.3%0.9%
30 Day-23.0%-2.8%-1.9%
90 Day-13.2%2.3%1.6%
1 Year-32.7%-34.3%20.9%19.3%2.6%0.3%
3 Year27.0%21.7%116.9%108.3%41.0%31.8%
5 Year-31.6%-36.2%163.4%144.3%55.2%38.0%

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?

36.98x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

SilverSun Technologies's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

SilverSun Technologies's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

SilverSun Technologies is good value based on earnings compared to the US Software industry average.

SilverSun Technologies is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for SilverSun Technologies, we can't assess if its growth is good value.


Price Based on Value of Assets

SilverSun Technologies is good value based on assets compared to the US Software industry average.


Next Steps

Future Growth

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

15.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if SilverSun Technologies is high growth as no revenue estimate data is available.

SilverSun Technologies's earnings are expected to grow by 15.4% yearly, however this is not considered high growth (20% yearly).

Unable to compare SilverSun Technologies's revenue growth to the United States of America market average as no estimate data is available.

SilverSun Technologies's earnings growth is expected to exceed the United States of America market average.

SilverSun Technologies's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if SilverSun Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

SilverSun Technologies's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

SilverSun Technologies has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

SilverSun Technologies has become profitable in the last year making it difficult to compare the US Software industry average.


Return on Equity

SilverSun Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

SilverSun Technologies used its assets less efficiently than the US Software industry average last year based on Return on Assets.


Return on Capital Employed

SilverSun Technologies's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is SilverSun Technologies's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

SilverSun Technologies's level of debt (32%) compared to net worth is satisfactory (less 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 (66.7%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 6.7x coverage).


Balance Sheet

Low level of unsold assets.

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?

2.17%

Current Dividend Yield


Dividend Yield and Payments Analysis

SilverSun Technologies's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

SilverSun Technologies's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

SilverSun Technologies has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

SilverSun Technologies has only been paying a dividend for 2 years, and since then dividends per share have fallen.


Current Payout to Shareholders

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.


Next Steps

Management

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

0.5yrs

Average management tenure


CEO

Mark Meller (59yo)

14.9yrs

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

Mark's remuneration is higher than average for companies of similar size in United States of America.

Mark's compensation has increased in line with SilverSun Technologies recently becoming profitable.


Management Age and Tenure

0.5yrs

Average Tenure

59yo

Average Age

The average tenure for the SilverSun Technologies management team is less than 2 years, this suggests a new team.


Board Age and Tenure

6.6yrs

Average Tenure

63yo

Average Age

The tenure for the SilverSun Technologies board of directors is about average.


Insider Trading

SilverSun Technologies individual insiders have only sold shares in the past 3 months, but not in substantial volumes.


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$39,85409 Apr 19
Jeffrey Roth
EntityIndividual
Shares12,978
Max PriceUS$3.11
SellUS$12,28209 Apr 19
Jeffrey Roth
EntityIndividual
Shares4,000
Max PriceUS$3.07
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
SellUS$3,96016 Oct 18
Stanley Wunderlich
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,100
Max PriceUS$3.60
SellUS$31,14829 Aug 18
Jeffrey Roth
EntityIndividual
Shares8,938
Max PriceUS$3.48
SellUS$34029 Aug 18
Jeffrey Roth
EntityIndividual
Shares100
Max PriceUS$3.40

Ownership Breakdown


Management Team

  • Mark Meller (59yo)

    Chairman

    • Tenure: 14.9yrs
    • Compensation: US$704.69k
  • Chip Melvin (62yo)

    Advisor to the Chief Executive Officer

    • Tenure: 0.5yrs
    • Compensation: US$206.50k
  • Gary Berman

    Executive Vice President of SWK Technologies

    • Tenure: 0.0yrs
  • Christine Dye (46yo)

    Chief Financial Officer

    • Tenure: 0.5yrs

Board Members

  • Mark Meller (59yo)

    Chairman

    • Tenure: 14.9yrs
    • Compensation: US$704.69k
  • Stanley Wunderlich (68yo)

    Independent Director

    • Tenure: 8.6yrs
    • Compensation: US$12.00k
  • Joseph Macaluso (67yo)

    Independent Director

    • Tenure: 4.6yrs
    • Compensation: US$18.00k
  • John Schachtel (58yo)

    Independent Director

    • Tenure: 2.4yrs
    • 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$10.352m
  • 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 Analysis2019/08/20 00:29
End of Day Share Price2019/08/19 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.