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GSI

Gatekeeper Systems TSXV:GSI Stock Report

Last Price

CA$0.21

Market Cap

CA$19.7m

7D

-4.4%

1Y

-63.6%

Updated

06 Oct, 2022

Data

Company Financials
GSI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

GSI Stock Overview

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

Risk Analysis

Does not have a meaningful market cap (CA$20M)


Gatekeeper Systems Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Gatekeeper Systems
Historical stock prices
Current Share PriceCA$0.21
52 Week HighCA$0.70
52 Week LowCA$0.18
Beta1.56
1 Month Change-15.69%
3 Month Change-30.65%
1 Year Change-63.56%
3 Year Change19.44%
5 Year Change79.17%
Change since IPO-52.22%

Recent News & Updates

Jun 28
Is Gatekeeper Systems (CVE:GSI) Using Too Much Debt?

Is Gatekeeper Systems (CVE:GSI) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

GSICA ElectronicCA Market
7D-4.4%3.6%3.2%
1Y-63.6%-17.9%-4.9%

Return vs Industry: GSI underperformed the Canadian Electronic industry which returned -17.5% over the past year.

Return vs Market: GSI underperformed the Canadian Market which returned -3% over the past year.

Price Volatility

Is GSI's price volatile compared to industry and market?
GSI volatility
GSI Average Weekly Movement9.3%
Electronic Industry Average Movement9.3%
Market Average Movement10.1%
10% most volatile stocks in CA Market18.4%
10% least volatile stocks in CA Market3.8%

Stable Share Price: GSI is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: GSI's weekly volatility (9%) 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.

Gatekeeper Systems Fundamentals Summary

How do Gatekeeper Systems's earnings and revenue compare to its market cap?
GSI fundamental statistics
Market CapCA$19.65m
Earnings (TTM)-CA$294.97k
Revenue (TTM)CA$15.34m

1.3x

P/S Ratio

-66.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GSI income statement (TTM)
RevenueCA$15.34m
Cost of RevenueCA$8.55m
Gross ProfitCA$6.78m
Other ExpensesCA$7.08m
Earnings-CA$294.97k

Last Reported Earnings

May 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.0032
Gross Margin44.21%
Net Profit Margin-1.92%
Debt/Equity Ratio24.5%

How did GSI perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is GSI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GSI?

Other financial metrics that can be useful for relative valuation.

GSI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.3x
Enterprise Value/EBITDA-24.9x
PEG Ration/a

Price to Sales Ratio vs Peers

How does GSI's PS Ratio compare to its peers?

GSI PS Ratio vs Peers
The above table shows the PS ratio for GSI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average22x
LPS Legend Power Systems
12.2x141.5%CA$21.2m
EDY Eddy Smart Home Solutions
71.4xn/aCA$14.3m
GRID Tantalus Systems Holding
0.9x13.9%CA$42.4m
TLA Titan Logix
3.6xn/aCA$14.0m
GSI Gatekeeper Systems
1.3xn/aCA$19.7m

Price-To-Sales vs Peers: GSI is good value based on its Price-To-Sales Ratio (1.3x) compared to the peer average (22x).


Price to Earnings Ratio vs Industry

How does GSI's PE Ratio compare vs other companies in the CA Electronic Industry?

Price-To-Sales vs Industry: GSI is good value based on its Price-To-Sales Ratio (1.3x) compared to the Canadian Electronic industry average (2.3x)


Price to Sales Ratio vs Fair Ratio

What is GSI's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GSI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.3x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate GSI's Price-To-Sales Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of GSI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate GSI's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate GSI's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


25.0%

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.


Discover growth companies

  • Take a look at our analysis of GSI’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • Gatekeeper Systems competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has Gatekeeper Systems performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


38.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GSI is currently unprofitable.

Growing Profit Margin: GSI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GSI is unprofitable, but has reduced losses over the past 5 years at a rate of 38.3% per year.

Accelerating Growth: Unable to compare GSI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GSI is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (26.8%).


Return on Equity

High ROE: GSI has a negative Return on Equity (-2.72%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Gatekeeper Systems's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GSI's short term assets (CA$14.9M) exceed its short term liabilities (CA$6.3M).

Long Term Liabilities: GSI's short term assets (CA$14.9M) exceed its long term liabilities (CA$688.3K).


Debt to Equity History and Analysis

Debt Level: GSI has more cash than its total debt.

Reducing Debt: GSI's debt to equity ratio has increased from 3.3% to 24.5% over the past 5 years.

Debt Coverage: GSI's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if GSI's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Gatekeeper Systems Dividend Yield vs Market
How does Gatekeeper Systems dividend yield compare to the market?
SegmentDividend Yield
Company (Gatekeeper Systems)n/a
Market Bottom 25% (CA)1.9%
Market Top 25% (CA)6.0%
Industry Average (Electronic)1.6%
Analyst forecast in 3 Years (Gatekeeper Systems)n/a

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as GSI has not reported any payouts.


Discover strong dividend paying companies

Management

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

5.0yrs

Average management tenure


CEO

Doug Dyment (58 yo)

9.67yrs

Tenure

CA$680,000

Compensation

Mr. Douglas A. Dyment, also known as Doug, founded Gatekeeper Systems Inc. in 1997 and has been its Executive Chairman, Chief Executive Officer and President since February 2013. He has been a Director at...


CEO Compensation Analysis

Doug Dyment's Compensation vs Gatekeeper Systems Earnings
How has Doug Dyment's remuneration changed compared to Gatekeeper Systems's earnings?
DateTotal Comp.SalaryCompany Earnings
May 31 2022n/an/a

-CA$295k

Feb 28 2022n/an/a

-CA$218k

Nov 30 2021n/an/a

CA$108k

Aug 31 2021CA$680kCA$400k

CA$121k

May 31 2021n/an/a

CA$2m

Feb 28 2021n/an/a

CA$3m

Nov 30 2020n/an/a

CA$4m

Aug 31 2020CA$175kCA$175k

CA$4m

May 31 2020n/an/a

CA$2m

Feb 29 2020n/an/a

CA$900k

Nov 30 2019n/an/a

CA$377k

Aug 31 2019CA$343kCA$168k

-CA$295k

May 31 2019n/an/a

-CA$884k

Feb 28 2019n/an/a

-CA$2m

Nov 30 2018n/an/a

-CA$2m

Aug 31 2018CA$225kCA$171k

-CA$1m

May 31 2018n/an/a

-CA$852k

Feb 28 2018n/an/a

-CA$586k

Nov 30 2017n/an/a

-CA$395k

Aug 31 2017CA$160kCA$160k

-CA$332k

May 31 2017n/an/a

CA$439k

Feb 28 2017n/an/a

CA$621k

Nov 30 2016n/an/a

CA$996k

Aug 31 2016CA$197kCA$160k

CA$696k

Compensation vs Market: Doug's total compensation ($USD495.54K) is above average for companies of similar size in the Canadian market ($USD177.91K).

Compensation vs Earnings: Doug's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: GSI's management team is considered experienced (5 years average tenure).


Board Members

Experienced Board: GSI's board of directors are considered experienced (3.3 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

What is the ownership structure of GSI?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders11,280,39212.3%
General Public80,119,00287.7%

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


Top Shareholders

Top 5 shareholders own 12.34% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
10.21%
Douglas Dyment
9,330,792CA$2.0m0%no data
1.94%
Colin Sutherland
1,768,600CA$380.2k0%no data
0.11%
David Stumpo
100,000CA$21.5k0%no data
0.082%
Charlie Bruce
75,000CA$16.1k0%no data
0.0066%
Leanne Hudson
6,000CA$1.3k0%no data

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
  • Implied Market Cap: CA$19.651m
  • Shares outstanding: 91.40m
  • Website: https://www.gatekeeper-systems.com

Location

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


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GSITSXV (TSX Venture Exchange)YesNew Common SharesCACADFeb 2013
GKPR.FOTCPK (Pink Sheets LLC)YesNew Common SharesUSUSDFeb 2013
1GKDB (Deutsche Boerse AG)YesNew Common SharesDEEURFeb 2013

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/06 00:00
End of Day Share Price2022/10/06 00:00
Earnings2022/05/31
Annual Earnings2021/08/31


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.