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ShotSpotter

Nasdaq:SSTI
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SSTI
Nasdaq
$256M
Market Cap
  1. Home
  2. US
  3. Software
Company description

ShotSpotter, Inc. provides precision-policing and security solutions for law enforcement and security personnel in the United States and South Africa. The last earnings update was 6 days ago. More info.


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  • ShotSpotter has significant price volatility in the past 3 months.
SSTI Share Price and Events
7 Day Returns
9.9%
NasdaqCM:SSTI
2.5%
US Software
0.7%
US Market
1 Year Returns
-31.3%
NasdaqCM:SSTI
29.9%
US Software
12.9%
US Market
SSTI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
ShotSpotter (SSTI) 9.9% 16.7% -21.9% -31.3% - -
US Software 2.5% 8.7% 5.7% 29.9% 116.8% 154.6%
US Market 0.7% 4.4% 7% 12.9% 39.5% 44.7%
1 Year Return vs Industry and Market
  • SSTI underperformed the Software industry which returned 29.9% over the past year.
  • SSTI underperformed the Market in United States of America which returned 12.9% over the past year.
Price Volatility
SSTI
Industry
5yr Volatility vs Market
Related Companies

SSTI Value

 Is ShotSpotter undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of ShotSpotter to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for ShotSpotter.

NasdaqCM:SSTI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:SSTI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.126 (1 + (1- 21%) (0.26%))
1.086
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.086 * 5.96%)
9.2%

Discounted Cash Flow Calculation for NasdaqCM:SSTI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for ShotSpotter is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqCM:SSTI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.2%)
2020 5.10 Analyst x2 4.67
2021 9.28 Est @ 81.96% 7.78
2022 14.68 Est @ 58.19% 11.27
2023 20.78 Est @ 41.55% 14.61
2024 26.99 Est @ 29.91% 17.38
2025 32.87 Est @ 21.75% 19.38
2026 38.14 Est @ 16.05% 20.59
2027 42.74 Est @ 12.05% 21.13
2028 46.69 Est @ 9.25% 21.14
2029 50.10 Est @ 7.3% 20.77
Present value of next 10 years cash flows $158.00
NasdaqCM:SSTI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $50.10 × (1 + 2.73%) ÷ (9.2% – 2.73%)
$795.07
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $795.07 ÷ (1 + 9.2%)10
$329.65
NasdaqCM:SSTI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $158.00 + $329.65
$487.65
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $487.65 / 11.43
$42.65
NasdaqCM:SSTI Discount to Share Price
Calculation Result
Value per share (USD) From above. $42.65
Current discount Discount to share price of $22.36
= -1 x ($22.36 - $42.65) / $42.65
47.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price ShotSpotter is available for.
Intrinsic value
48%
Share price is $22.36 vs Future cash flow value of $42.65
Current Discount Checks
For ShotSpotter to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • ShotSpotter's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • ShotSpotter's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for ShotSpotter's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are ShotSpotter's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:SSTI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $0.07
NasdaqCM:SSTI Share Price ** NasdaqCM (2019-11-15) in USD $22.36
United States of America Software Industry PE Ratio Median Figure of 71 Publicly-Listed Software Companies 44.43x
United States of America Market PE Ratio Median Figure of 2,924 Publicly-Listed Companies 18.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of ShotSpotter.

NasdaqCM:SSTI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:SSTI Share Price ÷ EPS (both in USD)

= 22.36 ÷ 0.07

322.93x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ShotSpotter is overvalued based on earnings compared to the US Software industry average.
  • ShotSpotter is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does ShotSpotter's expected growth come at a high price?
Raw Data
NasdaqCM:SSTI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 322.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
70%per year
United States of America Software Industry PEG Ratio Median Figure of 59 Publicly-Listed Software Companies 2.58x
United States of America Market PEG Ratio Median Figure of 2,031 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

NasdaqCM:SSTI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 322.93x ÷ 70%

4.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ShotSpotter is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on ShotSpotter's assets?
Raw Data
NasdaqCM:SSTI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $2.46
NasdaqCM:SSTI Share Price * NasdaqCM (2019-11-15) in USD $22.36
United States of America Software Industry PB Ratio Median Figure of 214 Publicly-Listed Software Companies 5.84x
United States of America Market PB Ratio Median Figure of 5,081 Publicly-Listed Companies 1.74x
NasdaqCM:SSTI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:SSTI Share Price ÷ Book Value per Share (both in USD)

= 22.36 ÷ 2.46

9.07x

* Primary Listing of ShotSpotter.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • ShotSpotter is overvalued based on assets compared to the US Software industry average.
X
Value checks
We assess ShotSpotter's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Software industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Software industry average (and greater than 0)? (1 check)
  5. ShotSpotter has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SSTI Future Performance

 How is ShotSpotter expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
70%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is ShotSpotter expected to grow at an attractive rate?
  • ShotSpotter's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • ShotSpotter's earnings growth is expected to exceed the United States of America market average.
  • ShotSpotter's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:SSTI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:SSTI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 70%
NasdaqCM:SSTI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 23.8%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 14.8%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 11.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:SSTI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:SSTI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 88 17 1
2021-12-31 66 9 2
2020-12-31 49 16 3 8
2019-12-31 40 14 1 8
2019-11-18
NasdaqCM:SSTI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 40 7 1
2019-06-30 39 7 -1
2019-03-31 37 10 -2
2018-12-31 35 -1 -3
2018-09-30 32 4 -6
2018-06-30 29 1 -6
2018-03-31 26 3 -10
2017-12-31 24 3 -10
2017-09-30 22 2 -8
2017-06-30 19 4 -8
2017-03-31 17 1 -6
2016-12-31 16 2 -7

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • ShotSpotter's earnings are expected to grow significantly at over 20% yearly.
  • ShotSpotter's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:SSTI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from ShotSpotter Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:SSTI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.45 1.45 1.45 1.00
2021-12-31 0.96 0.96 0.96 1.00
2020-12-31 0.27 0.36 0.23 7.00
2019-12-31 0.09 0.11 0.06 8.00
2019-11-18
NasdaqCM:SSTI Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 0.07
2019-06-30 -0.10
2019-03-31 -0.17
2018-12-31 -0.26
2018-09-30 -0.54
2018-06-30 -0.57
2018-03-31 -1.16
2017-12-31 -1.61
2017-09-30 -2.00
2017-06-30 -3.86
2017-03-31 -3.86
2016-12-31 -4.28

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if ShotSpotter will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess ShotSpotter's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
ShotSpotter has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SSTI Past Performance

  How has ShotSpotter performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare ShotSpotter's growth in the last year to its industry (Software).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • ShotSpotter has delivered over 20% year on year earnings growth in the past 5 years.
  • ShotSpotter has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • ShotSpotter has become profitable in the last year making it difficult to compare the US Software industry average.
Earnings and Revenue History
ShotSpotter's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from ShotSpotter Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:SSTI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 39.55 0.77 16.80 5.33
2019-06-30 38.77 -1.11 17.94 5.16
2019-03-31 37.44 -1.87 17.64 5.05
2018-12-31 34.75 -2.73 16.60 4.99
2018-09-30 31.56 -5.53 17.27 4.82
2018-06-30 29.20 -5.70 15.00 4.69
2018-03-31 26.11 -9.64 13.32 4.36
2017-12-31 23.76 -9.98 11.77 4.16
2017-09-30 21.80 -8.34 9.20 3.92
2017-06-30 18.93 -8.27 7.77 3.87
2017-03-31 17.03 -6.26 7.33 3.98
2016-12-31 15.51 -6.86 6.84 4.09
2015-12-31 11.79 -6.19 5.65 3.36

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • ShotSpotter has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • ShotSpotter used its assets less efficiently than the US Software industry average last year based on Return on Assets.
  • ShotSpotter has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess ShotSpotter's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Software industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
ShotSpotter has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SSTI Health

 How is ShotSpotter's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up ShotSpotter's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • ShotSpotter is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • ShotSpotter's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of ShotSpotter's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • ShotSpotter has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from ShotSpotter Company Filings, last reported 1 month ago.

NasdaqCM:SSTI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 28.17 0.00 26.14
2019-06-30 30.45 0.00 27.43
2019-03-31 28.30 0.00 29.52
2018-12-31 17.15 0.00 10.22
2018-09-30 15.78 0.00 16.35
2018-06-30 16.43 0.00 14.81
2018-03-31 14.77 0.00 14.73
2017-12-31 12.16 0.00 19.57
2017-09-30 13.99 0.00 19.26
2017-06-30 15.37 13.12 35.12
2017-03-31 -14.69 13.07 2.41
2016-12-31 -13.26 11.68 3.87
2015-12-31 -7.03 9.57 4.12
  • ShotSpotter has no debt.
  • ShotSpotter currently has no debt however we can't compare to 5 years ago as we have no data for that period.
  • ShotSpotter has no debt, it does not need to be covered by operating cash flow.
  • ShotSpotter has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess ShotSpotter's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. ShotSpotter has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SSTI Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from ShotSpotter dividends.
If you bought $2,000 of ShotSpotter shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate ShotSpotter's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate ShotSpotter's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:SSTI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1955 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:SSTI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2019-11-18

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as ShotSpotter has not reported any payouts.
  • Unable to verify if ShotSpotter's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of ShotSpotter's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as ShotSpotter has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess ShotSpotter's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can ShotSpotter afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. ShotSpotter has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SSTI Management

 What is the CEO of ShotSpotter's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ralph Clark
COMPENSATION $970,000
AGE 60
TENURE AS CEO 9.3 years
CEO Bio

Mr. Ralph A. Clark has been the Chief Executive Officer and President of ShotSpotter, Inc. since August 2010. He served as Venture Partner of Ascend Ventures NY II, LP., Ascend Ventures II, LP, Ascend Ventures New York, L.P. and Ascend Venture Group, LLC. He is a veteran of numerous technology start-ups. He has years of extensive corporate, financial and organizational leadership. He served as the Chief Executive Officer and President of GuardianEdge Technologies, Inc., from September 2005 until July 2010 and was responsible for overseeing both its strategic direction and day-to-day operations. He served as the Chief Operating Officer of GuardianEdge Technologies from October 2005 to September 2009. Prior to GuardianEdge, Mr. Clark served as Vice President of Finance at Adaptec, responsible for worldwide Financial Planning & Analysis. He served eight years working with technology startups, providing leadership in the financial arena. He served as Chief Financial Officer of Snap Appliance. Mr. Clark served as Vice President of Finance for Ascend Ventures. He Founded Blue Makoi and served as Chief Executive Officer. He served key management positions at IBM and worked as an investment banker at Goldman Sachs and Merrill Lynch. He served as President and Chief Executive Officer of Direct Medical Knowledge, successfully leading both companies to acquisition. He has been a Director of ShotSpotter, Inc. since August 2010. He has been Director of SST, Inc. since August 2010 and Pacific Community Ventures. He serves as a Trustee at the Oakland Museum of California. He serves as a Director of PrintRoom and Tactical Survey Group, Inc. He served as a Board Director of TSG Solutions, Inc., until September 06, 2017. He served as a Director of GuardianEdge Technologies, Inc. Mr. Clark has a Bachelor of Science degree in Economics from the University of the Pacific and a Master's Degree in Business Administration from Harvard Business School. In May 2017, Mr. Clark was named as a finalist in the Ernst & Young Entrepreneur of the Year program for Northern California.

CEO Compensation
  • Ralph's compensation has increased in line with ShotSpotter recently becoming profitable.
  • Ralph's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the ShotSpotter management team in years:

3.9
Average Tenure
60
Average Age
  • The tenure for the ShotSpotter management team is about average.
Management Team

Ralph Clark

TITLE
President
COMPENSATION
$970K
AGE
60
TENURE
9.3 yrs

Alan Stewart

TITLE
CFO & Secretary
COMPENSATION
$700K
AGE
55
TENURE
2.8 yrs

Gary Bunyard

TITLE
Senior Vice President of Sales & Security
COMPENSATION
$563K
AGE
60
TENURE
1.8 yrs

Sam Klepper

TITLE
Senior Vice President of Marketing & Product Strategy
COMPENSATION
$2M
AGE
52
TENURE
1.7 yrs

Bob Showen

TITLE
Founder & CSO
TENURE
25.8 yrs

Robert Calhoun

TITLE

Jason Dunham

TITLE

Joe Hawkins

TITLE
Senior Vice President of Operations
COMPENSATION
$232K
AGE
60
TENURE
7.3 yrs

Paul Ames

TITLE
Senior Vice President of Products & Technology
COMPENSATION
$220K
AGE
60
TENURE
5 yrs

Nasim Golzadeh

TITLE
Senior Vice President of Customer Support & Professional Services
AGE
44
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the ShotSpotter board of directors in years:

5
Average Tenure
61
Average Age
  • The tenure for the ShotSpotter board of directors is about average.
Board of Directors

Pascal Levensohn

TITLE
Chair of the Board
COMPENSATION
$175K
AGE
58

Ralph Clark

TITLE
President
COMPENSATION
$970K
AGE
60
TENURE
9.3 yrs

Randy Hawks

TITLE
Independent Director
COMPENSATION
$140K
AGE
68
TENURE
13.6 yrs

Marc Morial

TITLE
Independent Director
COMPENSATION
$129K
AGE
61
TENURE
4.2 yrs

Josh Cohen

TITLE
Observer

Tom Groos

TITLE
Independent Director
COMPENSATION
$125K
AGE
62
TENURE
5.8 yrs

Bill Bratton

TITLE
Independent Director
COMPENSATION
$125K
AGE
71
TENURE
2 yrs

Merline Saintil

TITLE
Independent Director
AGE
42
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
19. Aug 19 Sell Joseph Hawkins Individual 16. Aug 19 16. Aug 19 -1,911 $29.51 $-55,437
14. Jun 19 Sell William Bratton Individual 13. Jun 19 13. Jun 19 -3,074 $42.93 $-131,967
12. Jun 19 Sell Pascal Levensohn Individual 10. Jun 19 12. Jun 19 -2,500 $46.07 $-105,206
11. Jun 19 Sell Robert Klepper Individual 07. Jun 19 07. Jun 19 -145 $45.25 $-6,561
10. Jun 19 Sell RT Groos LLC Company 07. Jun 19 10. Jun 19 -55,000 $46.10 $-2,469,876
06. Jun 19 Sell Thomas Groos Individual 06. Jun 19 06. Jun 19 -10,019 $46.17 $-455,188
03. Jun 19 Sell Alan Stewart Individual 30. May 19 30. May 19 -2,029 $47.49 $-95,109
03. Jun 19 Sell Ralph Clark Individual 30. May 19 30. May 19 -7,500 $47.34 $-351,675
16. May 19 Sell Robert Klepper Individual 15. May 19 15. May 19 -1,201 $45.01 $-54,053
12. Mar 19 Sell Lauder Partners, LLC Company 08. Mar 19 08. Mar 19 -43,000 $44.99 $-1,934,570
11. Mar 19 Sell Gary Bunyard Individual 08. Mar 19 08. Mar 19 -4,270 $44.99 $-192,107
11. Mar 19 Sell Joseph Hawkins Individual 08. Mar 19 08. Mar 19 -4,265 $44.99 $-191,882
11. Mar 19 Sell Alan Stewart Individual 08. Mar 19 08. Mar 19 -14,000 $44.99 $-629,860
11. Mar 19 Sell Pascal Levensohn Individual 08. Mar 19 08. Mar 19 -10,000 $44.99 $-449,900
11. Mar 19 Sell Robert Klepper Individual 19. Jun 18 11. Mar 19 -746 $59.58 $-33,903
11. Mar 19 Buy Robert Klepper Individual 04. Apr 18 31. Jan 19 121 $57.96 $4,818
11. Mar 19 Sell Marc Morial Individual 08. Mar 19 08. Mar 19 -2,540 $44.99 $-114,275
11. Mar 19 Sell Paul Ames Individual 08. Mar 19 08. Mar 19 -4,265 $44.99 $-191,882
11. Mar 19 Sell Ralph Clark Individual 08. Mar 19 08. Mar 19 -50,000 $44.99 $-2,249,500
20. Nov 18 Sell RT Groos LLC Company 16. Nov 18 20. Nov 18 -100,000 $34.47 $-3,251,411
X
Management checks
We assess ShotSpotter's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. ShotSpotter has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SSTI News

Simply Wall St News

Don't Ignore The Fact That This Insider Just Sold Some Shares In ShotSpotter, Inc. (NASDAQ:SSTI)

Check out our latest analysis for ShotSpotter ShotSpotter Insider Transactions Over The Last Year In the last twelve months, the biggest single sale by an insider was when the President, Ralph Clark, sold US$2.2m worth of shares at a price of US$44.99 per share. … It is certainly not great to see that insiders have sold shares in the company. … NasdaqCM:SSTI Recent Insider Trading, August 22nd 2019 Insider Ownership I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders.

Simply Wall St -

Investors Who Bought ShotSpotter (NASDAQ:SSTI) Shares A Year Ago Are Now Down 34%

Check out our latest analysis for ShotSpotter ShotSpotter isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. … So we recommend checking out this free report showing consensus forecasts A Different Perspective Given that the market gained 2.6% in the last year, ShotSpotter shareholders might be miffed that they lost 34%.

Simply Wall St -

Are Insiders Selling ShotSpotter, Inc. (NASDAQ:SSTI) Stock?

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' View our latest analysis for ShotSpotter The Last 12 Months Of Insider Transactions At ShotSpotter Over the last year, we can see that the biggest insider sale was by the President, Ralph Clark, for US$2.2m worth of shares, at about US$44.99 per share. … It's not particularly great to see insiders were selling shares at below recent prices. … ShotSpotter Insiders Are Selling The Stock Over the last three months, we've seen significant insider selling at ShotSpotter.

Simply Wall St -

ShotSpotter, Inc. (NASDAQ:SSTI) Insiders Have Been Selling

So shareholders might well want to know whether insiders have been buying or selling shares in ShotSpotter, Inc. … Over the last year we saw more insider selling of ShotSpotter shares, than buying. … ShotSpotter Insiders Are Selling The Stock Over the last three months, we've seen significant insider selling at ShotSpotter.

Simply Wall St -

If You Had Bought ShotSpotter (NASDAQ:SSTI) Stock A Year Ago, You Could Pocket A 53% Gain Today

Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. … Some companies are willing to postpone profitability to grow revenue faster, but in that case one does expect good top-line growth. … In the last year ShotSpotter saw its revenue grow by 46%.

Simply Wall St -

Have Insiders Been Selling ShotSpotter, Inc. (NASDAQ:SSTI) Shares This Year?

So shareholders might well want to know whether insiders have been buying or selling shares in ShotSpotter, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … Over the last year we saw more insider selling of ShotSpotter shares, than buying

Simply Wall St -

Is ShotSpotter, Inc.'s (NASDAQ:SSTI) Balance Sheet A Threat To Its Future?

(NASDAQ:SSTI), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Does SSTI's growth rate justify its decision for financial flexibility over lower cost of capital … Debt capital generally has lower cost of capital compared to equity funding.

Simply Wall St -

Should You Be Worried About Insider Transactions At ShotSpotter, Inc. (NASDAQ:SSTI)?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … All up, insiders sold more shares in ShotSpotter than they bought, over the last year

Simply Wall St -

What does ShotSpotter Inc's (NASDAQ:SSTI) Balance Sheet Tell Us About Its Future?

ShotSpotter Inc (NASDAQ:SSTI), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Does SSTI's growth rate justify its decision for financial flexibility over lower cost of capital. … Debt capital generally has lower cost of capital compared to equity funding

Simply Wall St -

ShotSpotter Inc (NASDAQ:SSTI) Is Expected To Breakeven

With the latest financial year loss of -US$9.98m and a trailing-twelve month of -US$9.64m, the US$426.50m market-cap alleviates its loss by moving closer towards its target of breakeven. … Many investors are wondering the rate at which SSTI will turn a profit, with the big question being “when will the company breakeven?” … Check out our latest analysis for ShotSpotter

Simply Wall St -

SSTI Company Info

Description

ShotSpotter, Inc. provides precision-policing and security solutions for law enforcement and security personnel in the United States and South Africa. Its solutions include ShotSpotter Flex, a public safety solution, which serves cities and municipalities to identify, locate, and deter gun violence by incorporating a real-time gunshot detection system into their policing systems; and ShotSpotter Missions, a cloud-based patrol management solution to help police departments plan patrol missions and tactics for crime deterrence. The company also provides ShotSpotter SecureCampus that helps the law enforcement and security personnel serving universities, colleges, and other educational institutions to mitigate risk and enhance security by notifying authorities and first responders of an active-shooter. In addition, it offers ShotSpotter SiteSecure, which serves customers, such as corporations to safeguard their facilities; and public agencies focused on protecting critical infrastructure, including train stations, airports, and freeways. The company sells its solutions through its direct sales teams. ShotSpotter, Inc. was founded in 1996 and is headquartered in Newark, California.

Details
Name: ShotSpotter, Inc.
SSTI
Exchange: NasdaqCM
Founded: 1996
$255,634,098
11,432,652
Website: http://www.shotspotter.com
Address: ShotSpotter, Inc.
7979 Gateway Boulevard,
Suite 210,
Newark,
California, 94560,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM SSTI Common Stock Nasdaq Capital Market US USD 07. Jun 2017
BST 918 Common Stock Boerse-Stuttgart DE EUR 07. Jun 2017
Number of employees
Current staff
Staff numbers
99
ShotSpotter employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/18 01:15
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/11/14
Last earnings filing: 2019/11/12
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.