skip to content
Detailed Quote
5i Report
Rating
B

Review of Sylogist Ltd.

JUN 12, 2025 - SYZ used to be an attractive name for income investors, but it started to change the investment thesis completely in recent years. SYZ has invested meaningfully to become a growth SaaS name rather than a steady dividend-growth legacy software company. SYZ also focused more on organic growth rather than through large acquisitions. SYZ is a high-quality business with tremendous cash flow generation and an attractive double-digit growth driver from the subscription segment. SYZ may see a natural gross margin and multiple expansion over time as the SaaS subscription business becomes a larger portion of total revenue. It is still early days, but we are seeing a positive trend in SYZ’s fundamentals. We are open to an upgrade in the future if the company can continue to execute to drive double-digit subscription growth. To be conservative, we will maintain the rating at “B” for now.

Download Report
Company Profile
Interactive Chart
Key Ratios
Earnings
Analyst Recommendations
5i Recent Questions
Insiders
Share Information
News and Media