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Synchronoss Technologies Inc
NASDAQ:SNCR

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Synchronoss Technologies Inc Logo
Synchronoss Technologies Inc
NASDAQ:SNCR
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Price: 8.35 USD -1.53%
Updated: Mar 29, 2024

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%.

Key Points:
SNCR Intrinsic Value
Base Case
38.33 USD
Undervaluation 78%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Synchronoss Technologies Inc

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Fundamental Analysis

Synchronoss Signals Strong Cloud Growth Heading into 2024
2023-Q4 Earnings Call

Synchronoss Signals Strong Cloud Growth Heading into 2024

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.

Financials

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
Efficiency

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

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

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.

Positive Gross Profit
Declining ROIC
Negative 1-Year Revenue Growth
Negative Revenue Growth Forecast
28/100
Profitability
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.

Long-Term Solvency
Short-Term Solvency
Average D/E
Positive Net Debt
36/100
Solvency
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

Wall Street analysts forecast SNCR stock price to rise over the next 12 months.

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.

Lowest
Price Target
4.09 USD
51% Downside
Average
Price Target
20.42 USD
145% Upside
Highest
Price Target
37.8 USD
353% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

SNCR Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

SNCR Price
Synchronoss Technologies Inc

1M 1M
-11%
6M 6M
-3%
1Y 1Y
-2%
3Y 3Y
-75%
5Y 5Y
-85%
10Y 10Y
-97%
Annual Price Range
8.35
52w Low
3.1338
52w High
12.24
Price Metrics
Average Annual Return -36.59%
Standard Deviation of Annual Returns 29.84%
Max Drawdown -96%
Shares Statistics
Market Capitalization 86.6m USD
Shares Outstanding 10 370 800
Percentage of Shares Shorted 2.48%

SNCR Return Decomposition
Main factors of price return

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Company Profile

Synchronoss Technologies Inc Logo
Synchronoss Technologies Inc

Country

United States of America

Industry

Technology

Market Cap

86.6m USD

Dividend Yield

0%

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

NEW JERSEY
Bridgewater
200 Crossing Boulevard, 3Rd Floor
+18666203940.0
https://synchronoss.com/

IPO

2000-09-19

Employees

1 536

Officers

Founder & Executive Chairman
Mr. Stephen G. Waldis
President, CEO & Director
Mr. Jeffrey George Miller
CFO & Executive VP
Mr. Louis W. Ferraro Jr.
Executive VP & CTO
Mr. Patrick J. Doran
Senior VP, Chief Legal Officer & Secretary
Ms. Christina B. Gabrys
Chief Information Security Officer
Mr. Stanley Lowe
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Vice President of Investor Relations
Mr. Joseph J. Crivelli
Chief Human Resources Officer & Senior VP
Ms. Mina R. Lackner
Senior VP & GM for the Cloud Business
Mr. Suren Nathan
Senior Legal Counsel
Ms. Cara Blaszka
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See Also

Discover More
What is the Intrinsic Value of one SNCR stock?

The intrinsic value of one SNCR stock under the Base Case scenario is 38.33 USD.

Is SNCR stock undervalued or overvalued?

Compared to the current market price of 8.35 USD, Synchronoss Technologies Inc is Undervalued by 78%.