Synchronoss Technologies Inc
NASDAQ:SNCR
Intrinsic Value
Synchronoss Technologies, Inc. engages in the provision of cloud and enterprise solutions. [ Read More ]
The intrinsic value of one SNCR stock under the Base Case scenario is 38.33 USD. Compared to the current market price of 8.35 USD, Synchronoss Technologies Inc is Undervalued by 78%.
Valuation Backtest
Synchronoss Technologies Inc
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Fundamental Analysis
Synchronoss Signals Strong Cloud Growth Heading into 2024
2023-Q4 Earnings Call
In a year of strategic realignment, Synchronoss Technologies shifted towards a pure-play global cloud solutions provider, divesting noncore assets to enhance its financial profile and focus on personal cloud services. The company emerged more profitable, with a 127% year-over-year increase in Q4 adjusted EBITDA to $10 million and a full year adjusted EBITDA of $31.4 million, exceeding guidance. Q4 brought in $41.4 million in revenue, contributing to a total of $164.2 million for the year, surpassing expectations. Subscriber growth was strong at 9% year-over-year, with major contracts, like Verizon's, extended through 2030. Cloud revenue, up 3%, now accounts for over 99% of total revenue and is predicted to hit 100% in 2024, with forecasts promising high single to low double-digit subscriber growth.
Balance Sheet Decomposition
Synchronoss Technologies Inc
Current Assets | 85.9m |
Cash & Short-Term Investments | 17.6m |
Receivables | 32.3m |
Other Current Assets | 36m |
Non-Current Assets | 275.3m |
PP&E | 20.1m |
Intangibles | 251.1m |
Other Non-Current Assets | 4.1m |
Current Liabilities | 74.5m |
Accounts Payable | 12.9m |
Accrued Liabilities | 44.7m |
Other Current Liabilities | 16.9m |
Non-Current Liabilities | 179.2m |
Long-Term Debt | 135.8m |
Other Non-Current Liabilities | 43.4m |
Earnings Waterfall
Synchronoss Technologies Inc
Revenue
|
234.6m
USD
|
Cost of Revenue
|
-82.1m
USD
|
Gross Profit
|
152.5m
USD
|
Operating Expenses
|
-166.1m
USD
|
Operating Income
|
-13.6m
USD
|
Other Expenses
|
-31.9m
USD
|
Net Income
|
-45.5m
USD
|
Free Cash Flow Analysis
Synchronoss Technologies Inc
What is Free Cash Flow?
SNCR Profitability Score
Profitability Due Diligence
Synchronoss Technologies Inc's profitability score is 28/100. The higher the profitability score, the more profitable the company is.
Score
Synchronoss Technologies Inc's profitability score is 28/100. The higher the profitability score, the more profitable the company is.
SNCR Solvency Score
Solvency Due Diligence
Synchronoss Technologies Inc's solvency score is 36/100. The higher the solvency score, the more solvent the company is.
Score
Synchronoss Technologies Inc's solvency score is 36/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
SNCR Price Targets Summary
Synchronoss Technologies Inc
According to Wall Street analysts, the average 1-year price target for SNCR is 20.42 USD with a low forecast of 4.09 USD and a high forecast of 37.8 USD.
Ownership
SNCR Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
SNCR Price
Synchronoss Technologies Inc
Average Annual Return | -36.59% |
Standard Deviation of Annual Returns | 29.84% |
Max Drawdown | -96% |
Market Capitalization | 86.6m USD |
Shares Outstanding | 10 370 800 |
Percentage of Shares Shorted | 2.48% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Synchronoss Technologies, Inc. engages in the provision of cloud and enterprise solutions. The company is headquartered in Bridgewater, New Jersey and currently employs 1,536 full-time employees. The company went IPO on 2000-09-19. The firm helps its customers to connect, engage and monetize subscribers by providing platforms, through which end users can sync and store content and connect with one another and the brands they want. The Company’s Synchronoss Personal Cloud platform is designed to store and sync subscriber’s personally created content to and from current and new devices. This allows a carrier’s customers to protect, engage with and manage their personal content. The Synchronoss Personal Cloud platform is specifically designed to support smartphones, tablets and wirelessly enabled consumer electronics such as wearables for health and wellness, cameras, tablets, e-readers, personal navigation devices, and GPS enabled devices, as well as connected automobiles and homes.
Contact
IPO
Employees
Officers
The intrinsic value of one SNCR stock under the Base Case scenario is 38.33 USD.
Compared to the current market price of 8.35 USD, Synchronoss Technologies Inc is Undervalued by 78%.