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1. Company Snapshot

1.a. Company Description

SilverSun Technologies, Inc.operates as a business application, technology, and consulting company in the United States.The company provides solutions for accounting and business management, financial reporting, managed services, enterprise resource planning, human capital management, warehouse management systems, customer relationship management, and business intelligence.


It also offers value-added services that focuses on consulting and professional services, specialized programming, training, and technical support.In addition, the company 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 primarily in the manufacturing, distribution, and service industries.


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.

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1.b. Last Insights on SSNT

SilverSun Technologies' recent performance was negatively driven by CEO Mark Meller's share sales, which may have sparked investor concerns. The company's first-quarter results showed a 10.0% revenue increase, but this growth was overshadowed by the CEO's sales. The lack of transparency surrounding the share sales may have contributed to the negative sentiment, as investors may have felt that the CEO's actions were not aligned with the company's interests.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Why Is SilverSun Technologies (SSNT) Stock Down 20% Today?

Jun -05

Source: investorplace.com

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3 Short-Squeeze Stocks Ready to Soar on Roaring Kitty Rally

May -14

Source: InvestorPlace

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SilverSun Technologies Reports First Quarter 2024 Results

May -07

Source: accesswire.com

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SilverSun Stockholders Approve Equity Investment

Mar -15

Source: accesswire.com

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SilverSun Technologies Reports 2023 Year End Results

Mar -14

Source: accesswire.com

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SWK Technologies Named to the CRN MSP 500 List

Feb -15

Source: accesswire.com

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SWK Technologies Named Acumatica 2024 Partner of the Year

Feb -07

Source: accesswire.com

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Why Is SilverSun Technologies (SSNT) Stock Down 28% Today?

Dec -05

Source: InvestorPlace

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (10.81%)

6. Segments

Professional Consulting

Expected Growth: 12.4%

Growing demand for digital transformation, increasing adoption of cloud-based solutions, and the need for businesses to optimize operations and improve efficiency are driving the growth of the professional consulting services market.

Ancillary Service

Expected Growth: 10.2%

Growing demand for ERP system enhancements, increasing adoption of e-commerce and EDI, and rising need for efficient payment processing are driving the growth of Ancillary Services from SilverSun Technologies, Inc.

Software

Expected Growth: 10.2%

Growing demand for ERP and CRM solutions, increasing adoption of cloud-based services, and rising need for businesses to manage operations and customer relationships efficiently drive the growth of SilverSun Technologies' software solutions.

Maintenance

Expected Growth: 8.5%

Growing demand for optimized asset performance, increasing adoption of Industry 4.0 technologies, and rising need for predictive maintenance are driving the growth of the maintenance software market.

7. Detailed Products

Sage 100cloud

A comprehensive ERP system designed for small to medium-sized businesses, offering modules for accounting, inventory management, and manufacturing.

Sage 500 ERP

A robust ERP system designed for mid-sized to large businesses, offering advanced modules for financial management, supply chain management, and customer relationship management.

Sage X3

A global ERP system designed for large and complex businesses, offering advanced modules for financial management, supply chain management, and manufacturing operations.

Business Intelligence and Analytics

A suite of business intelligence and analytics tools designed to provide real-time insights and data visualization, enabling informed business decisions.

Cloud Hosting and IT Services

A range of cloud hosting and IT services designed to provide secure, scalable, and reliable infrastructure solutions for businesses.

Implementation and Consulting Services

A range of implementation and consulting services designed to help businesses optimize their ERP systems, improve operational efficiency, and enhance ROI.

8. SilverSun Technologies, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

SilverSun Technologies, Inc. faces moderate threat from substitutes due to the availability of alternative software solutions.

Bargaining Power Of Customers

SilverSun Technologies, Inc. has a large customer base, giving customers significant bargaining power.

Bargaining Power Of Suppliers

SilverSun Technologies, Inc. has a diverse supplier base, reducing the bargaining power of individual suppliers.

Threat Of New Entrants

The software industry has moderate barriers to entry, making it moderately difficult for new entrants to compete with SilverSun Technologies, Inc.

Intensity Of Rivalry

The software industry is highly competitive, with many established players, leading to a high intensity of rivalry for SilverSun Technologies, Inc.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 22.04%
Debt Cost 3.95%
Equity Weight 77.96%
Equity Cost 14.60%
WACC 12.25%
Leverage 28.28%

11. Quality Control: SilverSun Technologies, Inc. passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Immersion

A-Score: 6.0/10

Value: 9.3

Growth: 6.7

Quality: 6.0

Yield: 5.0

Momentum: 3.0

Volatility: 6.0

1-Year Total Return ->

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Stock-Card
Clear Secure

A-Score: 5.8/10

Value: 3.7

Growth: 9.8

Quality: 7.6

Yield: 5.0

Momentum: 4.0

Volatility: 5.0

1-Year Total Return ->

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Stock-Card
Upbound

A-Score: 5.4/10

Value: 7.9

Growth: 3.9

Quality: 5.4

Yield: 9.0

Momentum: 2.5

Volatility: 4.0

1-Year Total Return ->

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Stock-Card
ePlus

A-Score: 4.5/10

Value: 5.8

Growth: 7.0

Quality: 6.0

Yield: 0.0

Momentum: 1.5

Volatility: 6.7

1-Year Total Return ->

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Stock-Card
SilverSun Technologies

A-Score: 4.5/10

Value: 5.6

Growth: 7.3

Quality: 3.8

Yield: 5.0

Momentum: 5.0

Volatility: 0.0

1-Year Total Return ->

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Stock-Card
Daily Journal

A-Score: 4.4/10

Value: 5.0

Growth: 4.7

Quality: 8.0

Yield: 0.0

Momentum: 5.0

Volatility: 4.0

1-Year Total Return ->

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Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

16.31$

Current Price

16.31$

Potential

-0.00%

Expected Cash-Flows