DB:1GK

Stock Analysis Report

Gatekeeper Systems

Executive Summary

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


Snowflake Analysis

Adequate balance sheet with questionable track record.

Share Price & News

How has Gatekeeper Systems's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 1GK's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-13.7%

1GK

4.2%

DE Electronic

7.3%

DE Market


1 Year Return

28.7%

1GK

-26.3%

DE Electronic

-17.7%

DE Market

Return vs Industry: 1GK exceeded the German Electronic industry which returned -26.4% over the past year.

Return vs Market: 1GK exceeded the German Market which returned -17.5% over the past year.


Shareholder returns

1GKIndustryMarket
7 Day-13.7%4.2%7.3%
30 Day-35.7%-20.8%-17.9%
90 Day-52.4%-24.0%-25.8%
1 Year28.7%28.7%-24.8%-26.3%-15.1%-17.7%
3 Year-50.9%-50.9%-2.4%-5.6%-18.7%-25.6%
5 Yearn/a55.0%43.6%-17.7%-29.0%

Price Volatility Vs. Market

How volatile is Gatekeeper Systems's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

31.41x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 1GK's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 1GK's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 1GK is poor value based on its PE Ratio (31.4x) compared to the Electronic industry average (15.8x).

PE vs Market: 1GK is poor value based on its PE Ratio (31.4x) compared to the German market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 1GK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 1GK is overvalued based on its PB Ratio (1.7x) compared to the DE Electronic industry average (1.1x).


Next Steps

Future Growth

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

15.2%

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.


Next Steps

Past Performance

How has Gatekeeper Systems performed over the past 5 years?

8.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 1GK has a high level of non-cash earnings.

Growing Profit Margin: 1GK became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 1GK has become profitable over the past 5 years, growing earnings by 8.5% per year.

Accelerating Growth: 1GK has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 1GK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (-7.4%).


Return on Equity

High ROE: 1GK's Return on Equity (5.4%) is considered low.


Next Steps

Financial Health

How is Gatekeeper Systems's financial position?


Financial Position Analysis

Short Term Liabilities: 1GK's short term assets (CA$8.1M) exceed its short term liabilities (CA$1.9M).

Long Term Liabilities: 1GK's short term assets (CA$8.1M) exceed its long term liabilities (CA$68.2K).


Debt to Equity History and Analysis

Debt Level: 1GK's debt to equity ratio (4.7%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if 1GK's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

Inventory Level: 1GK has a high level of physical assets or inventory.

Debt Coverage by Assets: 1GK's debt is covered by short term assets (assets are 24.9x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 1GK is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: 1GK is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 1GK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 1GK's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 1GK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 1GK'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 1GK's dividend in 3 years as they are not forecast to pay a notable one for the German 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 (55yo)

7s

Tenure

CA$225,263

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Doug's total compensation ($USD0.00) is below average for companies of similar size in the German market ($USD432.27K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Douglas Dyment
Founder7yrsCA$225.26k7.87% CA$598.2k
Kelsey Chin
CFO, Company Ethics Officer & Corporate Secretary0.92yrCA$36.00kno data
Jeff Gruban
Vice President of Sales & Business Development0.92yrno datano data
Daniel Brennan
Consultant3.83yrsno datano data

2.4yrs

Average Tenure

Experienced Management: 1GK's management team is considered experienced (2.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Douglas Dyment
Founder7yrsCA$225.26k7.87% CA$598.2k
Robert Galbraith
Independent Director4.83yrsCA$16.00k0.56% CA$42.6k
Charlie Bruce
Independent Director2.33yrsCA$3.00k0.068% CA$5.2k
David Stumpo
Independent Director2.33yrsCA$3.00k0.11% CA$8.7k

3.6yrs

Average Tenure

Experienced Board: 1GK's board of directors are considered experienced (3.6 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: 1GK insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: Gatekeeper Systems Inc.
  • Ticker: 1GK
  • Exchange: DB
  • Founded: 1992
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: CA$11.866m
  • Listing Market Cap: CA$7.604m
  • Shares outstanding: 87.90m
  • 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

Biography

Gatekeeper Systems Inc. designs, manufactures, markets, and sells video security solutions for mobile and extreme environments in Canada and the United States. The company offers interior cameras, exterior cameras, DVR recorders, military DVRs, and dashboard cameras, as well as G4 vision and viewer, wireless systems, such as health check, access point, and mobile wireless modules. It also provides traffic infraction management software, a Web based portal that provides functionality for the public who have received a stop arm violation citation/ticket and for internal staff, to document, review, and track the status of alleged stop arm infraction. The company serves transit, rail, school bus, police, ambulance, taxi, transport, and military markets. Gatekeeper Systems Inc. was founded in 1992 and is headquartered in Abbotsford, Canada. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 00:03
End of Day Share Price2020/03/27 00:00
Earnings2019/11/30
Annual Earnings2019/08/31


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.