System1, Inc. (SST)

System1 Statistics

Total Valuation

System1 has a market cap or net worth of $70.93 million. The enterprise value is $299.48 million.

Market Cap	70.93M
Enterprise Value	299.48M

Important Dates

The next confirmed earnings date is Thursday, November 7, 2024, after market close.

Earnings Date	Nov 7, 2024
Ex-Dividend Date	n/a

Share Statistics

System1 has 69.54 million shares outstanding. The number of shares has decreased by -14.35% in one year.

Current Share Class	n/a
Shares Outstanding	69.54M
Shares Change (YoY)	-14.35%
Shares Change (QoQ)	+2.36%
Owned by Insiders (%)	29.80%
Owned by Institutions (%)	17.65%
Float	8.58M

Valuation Ratios

PE Ratio	n/a
Forward PE	n/a
PS Ratio	0.22
Forward PS	0.18
PB Ratio	0.65
P/FCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	0.82
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

The company has a current ratio of 1.46, with a Debt / Equity ratio of 2.20.

Current Ratio	1.46
Quick Ratio	1.35
Debt / Equity	2.20
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	-2.32

Financial Efficiency

Return on equity (ROE) is -38.00% and return on invested capital (ROIC) is -9.64%.

Return on Equity (ROE)	-38.00%
Return on Assets (ROA)	-7.46%
Return on Capital (ROIC)	-9.64%
Revenue Per Employee	$1.21M
Profits Per Employee	-$653,427
Employee Count	300
Asset Turnover	0.46
Inventory Turnover	n/a

Taxes

Income Tax	-10.10M
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has decreased by -15.00% in the last 52 weeks. The beta is 1.35, so System1's price volatility has been higher than the market average.

Beta (5Y)	1.35
52-Week Price Change	-15.00%
50-Day Moving Average	1.14
200-Day Moving Average	1.48
Relative Strength Index (RSI)	41.23
Average Volume (20 Days)	88,029

Short Selling Information

The latest short interest is 1.75 million, so 2.51% of the outstanding shares have been sold short.

Short Interest	1.75M
Short Previous Month	1.69M
Short % of Shares Out	2.51%
Short % of Float	20.37%
Short Ratio (days to cover)	15.22

Income Statement

In the last 12 months, System1 had revenue of $363.44 million and -$196.03 million in losses. Loss per share was -$2.48.

Revenue	363.44M
Gross Profit	35.08M
Operating Income	-94.82M
Pretax Income	-205.84M
Net Income	-196.03M
EBITDA	-37.60M
EBIT	-94.82M
Loss Per Share	-$2.48

Balance Sheet

The company has $75.65 million in cash and $284.33 million in debt, giving a net cash position of -$208.68 million or -$3.00 per share.

Cash & Cash Equivalents	75.65M
Total Debt	284.33M
Net Cash	-208.68M
Net Cash Per Share	-$3.00
Equity (Book Value)	129.28M
Book Value Per Share	1.58
Working Capital	46.90M

Cash Flow

In the last 12 months, operating cash flow was -$32.12 million and capital expenditures -$772,000, giving a free cash flow of -$32.89 million.

Operating Cash Flow	-32.12M
Capital Expenditures	-772,000
Free Cash Flow	-32.89M
FCF Per Share	-$0.47

Margins

Gross margin is 9.65%, with operating and profit margins of -26.09% and -53.94%.

Gross Margin	9.65%
Operating Margin	-26.09%
Pretax Margin	-30.29%
Profit Margin	-53.94%
EBITDA Margin	-10.34%
EBIT Margin	-26.09%
FCF Margin	-10.52%

Dividends & Yields

System1 does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	14.35%
Shareholder Yield	14.35%
Earnings Yield	-276.37%
FCF Yield	-46.37%

Analyst Forecast

The average price target for System1 is $2.00, which is 96.08% higher than the current price. The consensus rating is "Hold".

Price Target	$2.00
Price Target Difference	96.08%
Analyst Consensus	Hold
Analyst Count	1
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

System1 has an Altman Z-Score of -1.6 and a Piotroski F-Score of 4. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	-1.6
Piotroski F-Score	4