OTCPK:LSYN

Stock Analysis Report

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Executive Summary

Liberated Syndication Inc. provides podcast and web hosting services in the United States and internationally.


Snowflake Analysis

Excellent balance sheet and slightly overvalued.

Share Price & News

How has Liberated Syndication's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LSYN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-2.3%

LSYN

2.1%

US IT

3.8%

US Market


1 Year Return

2.0%

LSYN

15.7%

US IT

9.7%

US Market

Return vs Industry: LSYN underperformed the US IT industry which returned 18.6% over the past year.

Return vs Market: LSYN underperformed the US Market which returned 9.2% over the past year.


Shareholder returns

LSYNIndustryMarket
7 Day-2.3%2.1%3.8%
30 Day6.3%10.8%11.4%
90 Day-16.7%10.9%6.8%
1 Year2.0%2.0%16.8%15.7%12.1%9.7%
3 Year244.3%244.3%94.3%86.4%36.2%27.2%
5 Yearn/a130.4%109.9%63.7%45.4%

Price Volatility Vs. Market

How volatile is Liberated Syndication's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Liberated Syndication undervalued compared to its fair value and its price relative to the market?

11.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LSYN ($2.99) is trading below our estimate of fair value ($3.44)

Significantly Below Fair Value: LSYN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: LSYN is poor value based on its PE Ratio (31x) compared to the IT industry average (27.7x).

PE vs Market: LSYN is poor value based on its PE Ratio (31x) compared to the US market (16.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: LSYN is good value based on its PB Ratio (2.9x) compared to the US IT industry average (3.7x).


Next Steps

Future Growth

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

24.9%

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 Liberated Syndication 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 Liberated Syndication performed over the past 5 years?

4.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LSYN has high quality earnings.

Growing Profit Margin: LSYN's current net profit margins (11.7%) are lower than last year (19.9%).


Past Earnings Growth Analysis

Earnings Trend: LSYN's earnings have grown by 4.4% per year over the past 5 years.

Accelerating Growth: LSYN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: LSYN had negative earnings growth (-35.2%) over the past year, making it difficult to compare to the IT industry average (15.4%).


Return on Equity

High ROE: LSYN's Return on Equity (9.4%) is considered low.


Next Steps

Financial Health

How is Liberated Syndication's financial position?


Financial Position Analysis

Short Term Liabilities: LSYN's short term assets ($17.8M) exceed its short term liabilities ($9.5M).

Long Term Liabilities: LSYN's short term assets ($17.8M) exceed its long term liabilities ($5.0M).


Debt to Equity History and Analysis

Debt Level: LSYN's debt to equity ratio (22.4%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if LSYN's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: LSYN's debt is well covered by operating cash flow (112.2%).

Interest Coverage: LSYN's interest payments on its debt are well covered by EBIT (64.3x coverage).


Balance Sheet


Next Steps

Dividend

What is Liberated Syndication's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate LSYN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate LSYN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if LSYN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if LSYN's dividend payments have been increasing.


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: No need to calculate the sustainability of LSYN's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average board tenure


CEO

Chris Spencer (50yo)

4.75yrs

Tenure

US$460,000

Compensation

Mr. Christopher J. Spencer, also known as Chris, served as a Director at Natur International Corp. since 2012 until June 24, 2019. Mr. Spencer has been Chief Executive Officer and President at Liberated Sy ...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD460.00K) is about average for companies of similar size in the US market ($USD589.00K).

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


Board Members

NamePositionTenureCompensationOwnership
Christopher Spencer
President4.75yrsUS$460.00k9.66% $8.6m
Douglas Polinsky
Independent Director4.75yrsUS$36.00k1.72% $1.5m
Denis Yevstifeyev
Independent Director4.75yrsUS$36.00k1.7% $1.5m
Bradley Tirpak
Independent Director0.67yrUS$9.00k0.43% $378.8k
Brian Kibby
Independent Director0.58yrUS$4.50k0.085% $75.8k
Eric Shahinian
Independent Director0.67yrUS$9.00k0.085% $75.8k

2.7yrs

Average Tenure

49.5yo

Average Age

Experienced Board: LSYN's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


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

Liberated Syndication Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Liberated Syndication Inc.
  • Ticker: LSYN
  • Exchange: OTCPK
  • Founded: 2015
  • Industry: Internet Services and Infrastructure
  • Sector: Software
  • Market Cap: US$88.921m
  • Shares outstanding: 29.35m
  • Website: https://libsyn.com

Number of Employees


Location

  • Liberated Syndication Inc.
  • 5001 Baum Boulevard
  • Suite 770
  • Pittsburgh
  • Pennsylvania
  • 15213
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LSYNOTCPK (Pink Sheets LLC)YesNew Common StockUSUSDAug 2016

Biography

Liberated Syndication Inc. provides podcast and web hosting services in the United States and internationally. It offers hosting and distribution tools, including storage, bandwidth, really simple syndication creation, distribution, and statistics tracking for podcast producers; LibsynPRO, an enterprise solution for professional media producers and corporate customers; podcast apps; and MyLibsyn that provides podcast producers gets a custom App and a podcast website where listeners can access their show, login to purchase a subscription, and get access to premium content. The company also provides ad insertion services on producers’ content. In addition, it offers shared web hosting, e-commerce, fully managed virtual private and dedicated server, customer self-managed dedicated server, domain-name registration, co-location, and content-delivery network services to businesses, bloggers, artists, musicians, educational institutions, and non-profit organizations. The company was formerly known as Webmayhem, Inc. and changed its name to Liberated Syndication Inc. in August 2016. Liberated Syndication Inc. was founded in 2015 and is headquartered in Pittsburgh, Pennsylvania. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/06 06:40
End of Day Share Price2020/06/05 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.