Sylogist Ltd.

OTCPK:SYZL.F Stock Report

Market Cap: US$173.2m

Sylogist Valuation

Is SYZL.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SYZL.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SYZL.F ($7.45) is trading below our estimate of fair value ($12.32)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SYZL.F?

Key metric: As SYZL.F is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for SYZL.F. This is calculated by dividing SYZL.F's market cap by their current revenue.
What is SYZL.F's PS Ratio?
PS Ratio3.6x
SalesCA$66.44m
Market CapCA$241.98m

Price to Sales Ratio vs Peers

How does SYZL.F's PS Ratio compare to its peers?

The above table shows the PS ratio for SYZL.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.7x
SVCO Silvaco Group
4x17.5%US$213.5m
AIP Arteris
6.2x15.7%US$325.4m
AISP Airship AI Holdings
2.8x32.6%US$69.8m
ALLT Allot
1.9x5.1%US$149.0m
SYZL.F Sylogist
3.6x6.2%US$242.0m

Price-To-Sales vs Peers: SYZL.F is good value based on its Price-To-Sales Ratio (3.6x) compared to the peer average (3.7x).

Price to Sales Ratio vs Industry

How does SYZL.F's PS Ratio compare vs other companies in the US Software Industry?

80 CompaniesPrice / SalesEstimated GrowthMarket Cap
VYX NCR Voyix
0.6x-23.2%US$2.07b
PGY Pagaya Technologies
0.7x15.8%US$645.96m
XPER Xperi
0.8x1.8%US$387.78m
EGHT 8x8
0.5x1.1%US$371.08m
SYZL.F 3.6xIndustry Avg. 5.1xNo. of Companies80PS048121620+
80 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SYZL.F is good value based on its Price-To-Sales Ratio (3.6x) compared to the US Software industry average (5.1x).

Price to Sales Ratio vs Fair Ratio

What is SYZL.F's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SYZL.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.6x
Fair PS Ratio1.3x

Price-To-Sales vs Fair Ratio: SYZL.F is expensive based on its Price-To-Sales Ratio (3.6x) compared to the estimated Fair Price-To-Sales Ratio (1.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SYZL.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$7.45
US$9.58
+28.7%
4.1%US$10.06US$8.98n/a6
Nov ’25US$7.88
US$9.80
+24.4%
3.8%US$10.20US$9.10n/a6
Oct ’25US$8.20
US$9.80
+19.5%
3.8%US$10.20US$9.10n/a6
Sep ’25US$8.20
US$9.80
+19.5%
3.8%US$10.20US$9.10n/a6
Aug ’25US$7.45
US$9.19
+23.4%
5.8%US$10.09US$8.65n/a6
Jul ’25US$6.98
US$9.28
+33.0%
5.8%US$10.19US$8.74n/a6
Jun ’25US$6.93
US$9.08
+31.1%
10.2%US$10.24US$7.31n/a6
May ’25US$6.49
US$9.06
+39.6%
10.2%US$10.22US$7.30n/a6
Apr ’25US$6.51
US$8.80
+35.2%
12.0%US$10.31US$7.36n/a6
Mar ’25US$6.54
US$8.24
+26.1%
13.3%US$10.34US$7.01n/a6
Feb ’25US$6.01
US$8.18
+36.1%
14.4%US$10.41US$7.07n/a5
Jan ’25US$5.65
US$7.43
+31.6%
5.5%US$7.97US$6.89n/a4
Dec ’24US$5.27
US$7.43
+41.0%
5.5%US$7.97US$6.89n/a4
Nov ’24US$5.17
US$7.20
+39.3%
10.4%US$8.05US$6.22US$7.883
Oct ’24US$5.49
US$7.49
+36.5%
10.1%US$8.14US$6.29US$8.204
Sep ’24US$5.81
US$7.49
+29.0%
10.1%US$8.14US$6.29US$8.204
Aug ’24US$5.56
US$7.46
+34.1%
10.4%US$8.34US$6.45US$7.453
Jul ’24US$5.65
US$7.38
+30.5%
12.8%US$8.32US$6.43US$6.982
Jun ’24US$4.33
US$7.26
+67.7%
24.3%US$8.85US$4.80US$6.933
May ’24US$4.65
US$7.14
+53.3%
27.2%US$8.86US$4.43US$6.493
Apr ’24n/a
US$7.28
0%
23.5%US$8.74US$4.37US$6.514
Mar ’24US$4.03
US$7.03
+74.5%
23.1%US$8.63US$4.50US$6.544
Feb ’24US$4.55
US$7.03
+54.6%
23.1%US$8.63US$4.50US$6.014
Jan ’24US$4.59
US$7.03
+53.3%
23.1%US$8.63US$4.50US$5.654
Dec ’23US$3.58
US$7.03
+96.3%
23.1%US$8.63US$4.50US$5.274
Nov ’23US$4.28
US$10.08
+135.9%
7.9%US$11.36US$9.40US$5.174

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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