GSI

Gatekeeper SystemsTSXV:GSI Stock Report

Market Cap

CA$59.6m

7D

-9.6%

1Y

-26.7%

Updated

18 Sep, 2021

Data

Company Financials
GSI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health6/6
Dividends0/6

GSI Overview

Gatekeeper Systems Inc. designs, manufactures, markets, and sells video security solutions for mobile and extreme environments in Canada and the United States.

Price History & Performance

Summary of all time highs, changes and price drops for Gatekeeper Systems
Historical stock prices
Current Share PriceCA$0.66
52 Week HighCA$0.51
52 Week LowCA$1.43
Beta1.23
1 Month Change-1.49%
3 Month Change-9.59%
1 Year Change-26.67%
3 Year Change560.00%
5 Year Change214.29%
Change since IPO46.67%

Recent News & Updates

Jul 29
Here's Why We Think Gatekeeper Systems (CVE:GSI) Is Well Worth Watching

Here's Why We Think Gatekeeper Systems (CVE:GSI) Is Well Worth Watching

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Jul 03
Gatekeeper Systems (CVE:GSI) Knows How To Allocate Capital Effectively

Gatekeeper Systems (CVE:GSI) Knows How To Allocate Capital Effectively

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...

May 21
Gatekeeper Systems Inc.'s (CVE:GSI) Business Is Yet to Catch Up With Its Share Price

Gatekeeper Systems Inc.'s (CVE:GSI) Business Is Yet to Catch Up With Its Share Price

Gatekeeper Systems Inc.'s ( CVE:GSI ) price-to-earnings (or "P/E") ratio of 20.9x might make it look like a sell right...

Shareholder Returns

GSICA ElectronicCA Market
7D-9.6%-1.7%-0.6%
1Y-26.7%4.2%28.9%

Return vs Industry: GSI underperformed the Canadian Electronic industry which returned 4.2% over the past year.

Return vs Market: GSI underperformed the Canadian Market which returned 29% over the past year.

Price Volatility

Is GSI's price volatile compared to industry and market?
GSI volatility
GSI Beta1.23
Industry Beta2.26
Market Beta1

Stable Share Price: GSI is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: GSI's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1997n/aDoug Dymenthttps://www.gatekeeper-systems.com

Gatekeeper Systems Inc. designs, manufactures, markets, and sells video security solutions for mobile and extreme environments in Canada and the United States. Its mobile video solutions integrate high-definition digital video with the global positioning system (GPS) for real-time vehicle location, time, date, and telematics data; and provide a 360-degree view inside and outside vehicles. The company’s wireless devices provide real-time connectivity, streaming video, and vehicle tracking; video management software is used as a desktop application for managing basic incidents; and enterprise software to stream live video from any vehicle.

Valuation

Is Gatekeeper Systems undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GSI (CA$0.66) is trading below our estimate of fair value (CA$6.01)

Significantly Below Fair Value: GSI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GSI is poor value based on its PE Ratio (31.4x) compared to the Canadian Electronic industry average (28.3x).

PE vs Market: GSI is poor value based on its PE Ratio (31.4x) compared to the Canadian market (12.9x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GSI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GSI is good value based on its PB Ratio (5.5x) compared to the CA Electronic industry average (7.2x).


Future Growth

How is Gatekeeper Systems forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

45.0%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Gatekeeper Systems has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Gatekeeper Systems performed over the past 5 years?

43.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GSI has high quality earnings.

Growing Profit Margin: GSI's current net profit margins (9.6%) are higher than last year (8.6%).


Past Earnings Growth Analysis

Earnings Trend: GSI has become profitable over the past 5 years, growing earnings by 43.4% per year.

Accelerating Growth: GSI's earnings growth over the past year (26.2%) is below its 5-year average (43.4% per year).

Earnings vs Industry: GSI earnings growth over the past year (26.2%) underperformed the Electronic industry 38.9%.


Return on Equity

High ROE: GSI's Return on Equity (17.5%) is considered low.


Financial Health

How is Gatekeeper Systems's financial position?


Financial Position Analysis

Short Term Liabilities: GSI's short term assets (CA$10.0M) exceed its short term liabilities (CA$1.2M).

Long Term Liabilities: GSI's short term assets (CA$10.0M) exceed its long term liabilities (CA$1.8M).


Debt to Equity History and Analysis

Debt Level: GSI is debt free.

Reducing Debt: GSI has no debt compared to 5 years ago when its debt to equity ratio was 12.4%.

Debt Coverage: GSI has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GSI has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate GSI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GSI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GSI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GSI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GSI's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.4yrs

Average management tenure


CEO

Doug Dyment (57 yo)

8.58yrs

Tenure

CA$175,000

Compensation

Mr. Douglas A. Dyment, also known as Doug, founded Gatekeeper Systems Inc. and has been its Executive Chairman, Chief Executive Officer and President since February 2013. He has been a Director at Gatekeep...


CEO Compensation Analysis

Compensation vs Market: Doug's total compensation ($USD137.27K) is about average for companies of similar size in the Canadian market ($USD161.22K).

Compensation vs Earnings: Doug's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: GSI's management team is considered experienced (2.4 years average tenure).


Board Members

Experienced Board: GSI's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Gatekeeper Systems Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Gatekeeper Systems Inc.
  • Ticker: GSI
  • Exchange: TSXV
  • Founded: 1997
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: CA$59.601m
  • Shares outstanding: 90.30m
  • Website: https://www.gatekeeper-systems.com

Location

  • Gatekeeper Systems Inc.
  • 31127 Wheel Avenue
  • Suite 301
  • Abbotsford
  • British Columbia
  • V2T 6H1
  • Canada

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 22:11
End of Day Share Price2021/09/17 00:00
Earnings2021/05/31
Annual Earnings2020/08/31


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.