NasdaqGS:DSPG

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Executive Summary

DSP Group, Inc., a fabless semiconductor company, provides wireless, audio, voice, and AI chipsets for smart-enabled devices. More Details


Snowflake Analysis

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

How has DSP Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: DSPG is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: DSPG's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-3.7%

DSPG

-5.4%

US Semiconductor

-2.4%

US Market


1 Year Return

7.1%

DSPG

54.7%

US Semiconductor

31.2%

US Market

Return vs Industry: DSPG underperformed the US Semiconductor industry which returned 54.7% over the past year.

Return vs Market: DSPG underperformed the US Market which returned 31.2% over the past year.


Shareholder returns

DSPGIndustryMarket
7 Day-3.7%-5.4%-2.4%
30 Day-13.1%-7.4%-3.0%
90 Day-14.7%0.06%3.2%
1 Year7.1%7.1%57.3%54.7%34.1%31.2%
3 Year16.1%16.1%88.7%79.1%48.1%38.6%
5 Year70.5%70.5%300.7%261.9%116.5%92.3%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is DSP Group undervalued compared to its fair value and its price relative to the market?

2.23x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: DSPG ($14.75) is trading above our estimate of fair value ($11.6)

Significantly Below Fair Value: DSPG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DSPG is unprofitable, so we can't compare its PE Ratio to the US Semiconductor industry average.

PE vs Market: DSPG is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: DSPG is good value based on its PB Ratio (2.2x) compared to the US Semiconductor industry average (4.4x).


Next Steps

Future Growth

How is DSP Group forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

75.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DSPG is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: DSPG is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: DSPG is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: DSPG's revenue (9.1% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: DSPG's revenue (9.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if DSPG's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has DSP Group performed over the past 5 years?

-47.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DSPG is currently unprofitable.

Growing Profit Margin: DSPG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DSPG is unprofitable, and losses have increased over the past 5 years at a rate of 47.9% per year.

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

Earnings vs Industry: DSPG is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (18.2%).


Return on Equity

High ROE: DSPG has a negative Return on Equity (-4.35%), as it is currently unprofitable.


Next Steps

Financial Health

How is DSP Group's financial position?


Financial Position Analysis

Short Term Liabilities: DSPG's short term assets ($91.4M) exceed its short term liabilities ($29.4M).

Long Term Liabilities: DSPG's short term assets ($91.4M) exceed its long term liabilities ($30.9M).


Debt to Equity History and Analysis

Debt Level: DSPG is debt free.

Reducing Debt: DSPG had no debt 5 years ago.


Balance Sheet


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: Whilst unprofitable DSPG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: DSPG is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 3.2% per year.


Next Steps

Dividend

What is DSP Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate DSPG'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 DSPG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DSPG'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 DSPG's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

9.2yrs

Average management tenure


CEO

Ofer Elyakim (50 yo)

11.67yrs

Tenure

US$1,888,477

Compensation

Mr. Ofer Elyakim has been the Chief Executive Officer at DSP Group Inc. since July 2009. Mr. Elyakim served as President of South East Asia Operations and Senior Vice President at DSP Group Inc. from May 1...


CEO Compensation Analysis

Compensation vs Market: Ofer's total compensation ($USD1.89M) is about average for companies of similar size in the US market ($USD1.47M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Ofer Elyakim
CEO & Director11.67yrsUS$1.89m2.67%
$ 9.7m
Dror Levy
CFO & Secretary14.67yrsUS$891.75k0.10%
$ 366.5k
Dima Friedman
Corporate Vice President of Operationsno datano datano data
Lior Blanka
CTO & Corporate VP10.67yrsUS$410.61kno data
Tali Chen
Corporate VP2.17yrsno data0.045%
$ 162.8k
Alex Sin
Corporate Vice President of Salesno datano datano data
Naama Luquer-Hareli
Corporate Vice President of Human Resources3.17yrsno datano data
Eric Stauffer
Chief Revenue Officer2.33yrsno datano data
Ran Klier
Corporate Vice President of Sales9.17yrsno datano data

9.2yrs

Average Tenure

50yo

Average Age

Experienced Management: DSPG's management team is seasoned and experienced (9.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ofer Elyakim
CEO & Director11.67yrsUS$1.89m2.67%
$ 9.7m
Kenneth Traub
Independent Chairman of the Board3.83yrsUS$169.34k0.25%
$ 919.2k
Yair Seroussi
Independent Director19.08yrsUS$146.34k0.099%
$ 361.4k
Thomas Lacey
Independent Director8.83yrsUS$154.34k0.42%
$ 1.5m
Norman Taffe
Independent Director7.83yrsUS$145.84k0.16%
$ 571.2k
Gabriel Seligsohn
Independent Director7.83yrsUS$142.34k0.12%
$ 423.1k
Cynthia Paul
Independent Director2.92yrsUS$143.34k0.078%
$ 284.2k

7.8yrs

Average Tenure

56yo

Average Age

Experienced Board: DSPG's board of directors are considered experienced (7.8 years average tenure).


Ownership

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


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.6%.


Top Shareholders

Company Information

DSP Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: DSP Group, Inc.
  • Ticker: DSPG
  • Exchange: NasdaqGS
  • Founded: 1987
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$364.103m
  • Shares outstanding: 23.60m
  • Website: https://www.dspg.com

Number of Employees


Location

  • DSP Group, Inc.
  • 2055 Gateway Place
  • Suite 480
  • San Jose
  • California
  • 95110
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DSPGNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDFeb 1994
DP3DB (Deutsche Boerse AG)YesCommon StockDEEURFeb 1994

Biography

DSP Group, Inc., a fabless semiconductor company, provides wireless, audio, voice, and AI chipsets for smart-enabled devices. It operates through three segments: Home, Unified Communications, and SmartVoic...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/03/04 23:22
End of Day Share Price2021/03/04 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.