DSP Group
- Home ›
- US ›
- Semiconductors
DSP Group, Inc., a fabless semiconductor company, provides wireless and audio chipset solutions for converged communications. The last earnings update was 68 days ago. More info.
Add to Portfolio Compare Print
DSPG Share Price and Events
7 Day Returns
1 Year Returns
DSPG Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| DSP Group (DSPG) | 6.6% | 5.3% | -0.2% | 15.4% | 39.9% | 72.2% |
| US Semiconductor | 2.8% | 10.2% | -5.6% | 2.2% | 75.9% | 88.1% |
| US Market | 0.6% | 3.8% | 2.8% | 4.1% | 37.3% | 42.5% |
1 Year Return vs Industry and Market
- DSPG outperformed the Semiconductor industry which returned 2.2% over the past year.
- DSPG outperformed the Market in United States of America which returned 4.1% over the past year.
DSPG Value
Is DSP Group undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
DSP Group
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for DSP Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 5 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.9% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Semiconductor Unlevered Beta | Simply Wall St/ S&P Global | 1.27 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.271 (1 + (1- 21%) (3.65%)) |
1.206 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.21 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.206 * 5.96%) |
9.92% |
Discounted Cash Flow Calculation for NasdaqGS:DSPG using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for DSP Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.92%) |
|
|---|---|---|---|
| 2020 | 6.58 | Est @ -4.77% | 5.98 |
| 2021 | 6.41 | Est @ -2.52% | 5.31 |
| 2022 | 6.35 | Est @ -0.94% | 4.78 |
| 2023 | 6.36 | Est @ 0.16% | 4.36 |
| 2024 | 6.42 | Est @ 0.93% | 4.00 |
| 2025 | 6.51 | Est @ 1.47% | 3.69 |
| 2026 | 6.64 | Est @ 1.85% | 3.42 |
| 2027 | 6.78 | Est @ 2.11% | 3.18 |
| 2028 | 6.93 | Est @ 2.3% | 2.96 |
| 2029 | 7.10 | Est @ 2.43% | 2.76 |
| Present value of next 10 years cash flows | $40.45 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2029
× (1 + g) ÷ (Discount Rate – g)
= $7.10 × (1 + 2.73%) ÷ (9.92% – 2.73%) |
$101.46 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $101.46 ÷ (1 + 9.92%)10 |
$39.41 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $40.45 + $39.41 |
$79.86 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $79.86 / 22.71 |
$3.52 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $3.52 |
| Current discount | Discount to share price of
$14.83
= -1 x ($14.83 - $3.52) / $3.52 |
-321.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of DSP Group is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for DSP Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
DSP Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $-0.06 |
| NasdaqGS:DSPG Share Price ** | NasdaqGS (2019-07-17) in USD | $14.83 |
| United States of America Semiconductor Industry PE Ratio | Median Figure of 68 Publicly-Listed Semiconductor Companies | 22.27x |
| United States of America Market PE Ratio | Median Figure of 3,082 Publicly-Listed Companies | 17.98x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of DSP Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:DSPG Share Price ÷ EPS (both in USD) = 14.83 ÷ -0.06 |
-262.48x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- DSP Group is loss making, we can't compare its value to the US Semiconductor industry average.
- DSP Group is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
DSP Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -262.48x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts |
145.6%per year |
| United States of America Semiconductor Industry PEG Ratio | Median Figure of 63 Publicly-Listed Semiconductor Companies | 1.05x |
| United States of America Market PEG Ratio | Median Figure of 2,122 Publicly-Listed Companies | 1.59x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for DSP Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
DSP Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $6.41 |
| NasdaqGS:DSPG Share Price * | NasdaqGS (2019-07-17) in USD | $14.83 |
| United States of America Semiconductor Industry PB Ratio | Median Figure of 107 Publicly-Listed Semiconductor Companies | 2.62x |
| United States of America Market PB Ratio | Median Figure of 5,241 Publicly-Listed Companies | 1.81x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:DSPG Share Price ÷ Book Value per Share (both in USD) = 14.83 ÷ 6.41 |
2.32x |
* Primary Listing of DSP Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- DSP Group is good value based on assets compared to the US Semiconductor industry average.
Value checks
We assess DSP Group's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check) DSP Group has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
DSPG Future Performance
How is DSP Group expected to perform in the next 1 to 3 years based on estimates from 5 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- DSP Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- DSP Group's earnings growth is expected to exceed the United States of America market average.
- DSP Group's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:DSPG Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts | 145.6% |
| NasdaqGS:DSPG Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts | 8.5% |
| United States of America Semiconductor Industry Earnings Growth Rate | Market Cap Weighted Average | 18.4% |
| United States of America Semiconductor Industry Revenue Growth Rate | Market Cap Weighted Average | 7.9% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.1% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 134 | 11 | 4 | 5 |
| 2019-12-31 | 122 | -6 | -3 | 5 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 118 | 9 | -1 |
| 2018-12-31 | 117 | 9 | -2 |
| 2018-09-30 | 123 | 9 | -2 |
| 2018-06-30 | 124 | 7 | -2 |
| 2018-03-31 | 125 | 9 | -2 |
| 2017-12-31 | 125 | 9 | -3 |
| 2017-09-30 | 129 | 12 | -2 |
| 2017-06-30 | 133 | 15 | 3 |
| 2017-03-31 | 138 | 17 | 5 |
| 2016-12-31 | 138 | 17 | 5 |
| 2016-09-30 | 136 | 14 | 3 |
| 2016-06-30 | 133 | 15 | -2 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
All data from DSP Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 0.15 | 0.44 | -0.08 | 3.00 |
| 2019-12-31 | -0.13 | -0.05 | -0.21 | 2.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | -0.06 |
| 2018-12-31 | -0.09 |
| 2018-09-30 | -0.08 |
| 2018-06-30 | -0.07 |
| 2018-03-31 | -0.08 |
| 2017-12-31 | -0.14 |
| 2017-09-30 | -0.07 |
| 2017-06-30 | 0.15 |
| 2017-03-31 | 0.22 |
| 2016-12-31 | 0.22 |
| 2016-09-30 | 0.16 |
| 2016-06-30 | -0.08 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if DSP Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess DSP Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
DSP Group has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
DSPG Past Performance
How has DSP Group performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- DSP Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare DSP Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare DSP Group's 1-year growth to the US Semiconductor industry average as it is not currently profitable.
Earnings and Revenue History
All data from DSP Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 117.60 | -1.27 | 25.67 | 36.03 |
| 2018-12-31 | 117.44 | -1.96 | 25.28 | 36.11 |
| 2018-09-30 | 122.62 | -1.77 | 25.20 | 36.59 |
| 2018-06-30 | 124.28 | -1.59 | 25.32 | 36.19 |
| 2018-03-31 | 124.93 | -1.89 | 24.69 | 36.46 |
| 2017-12-31 | 124.75 | -3.00 | 24.10 | 36.66 |
| 2017-09-30 | 128.79 | -1.56 | 23.90 | 36.02 |
| 2017-06-30 | 133.28 | 3.19 | 23.46 | 35.31 |
| 2017-03-31 | 138.14 | 4.86 | 23.26 | 35.19 |
| 2016-12-31 | 137.87 | 4.81 | 22.87 | 34.89 |
| 2016-09-30 | 136.36 | 3.39 | 22.44 | 35.23 |
| 2016-06-30 | 132.81 | -1.77 | 22.23 | 35.44 |
| 2016-03-31 | 133.90 | -2.12 | 22.07 | 35.26 |
| 2015-12-31 | 144.27 | 1.56 | 21.98 | 35.48 |
| 2015-09-30 | 147.66 | 4.40 | 22.08 | 35.84 |
| 2015-06-30 | 149.16 | 5.01 | 22.07 | 35.21 |
| 2015-03-31 | 148.19 | 5.36 | 22.23 | 34.38 |
| 2014-12-31 | 143.04 | 3.60 | 22.45 | 33.47 |
| 2014-09-30 | 141.22 | 1.23 | 22.41 | 32.83 |
| 2014-06-30 | 139.88 | 0.85 | 22.28 | 32.90 |
| 2014-03-31 | 144.30 | 0.52 | 23.22 | 34.05 |
| 2013-12-31 | 151.06 | 2.68 | 23.09 | 35.00 |
| 2013-09-30 | 154.15 | 2.18 | 22.96 | 35.99 |
| 2013-06-30 | 155.44 | -0.63 | 23.44 | 37.48 |
| 2013-03-31 | 158.94 | -3.61 | 23.49 | 39.71 |
| 2012-12-31 | 162.79 | -8.04 | 24.88 | 42.54 |
| 2012-09-30 | 162.56 | -12.72 | 26.57 | 45.30 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if DSP Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
- It is difficult to establish if DSP Group has efficiently used its assets last year compared to the US Semiconductor industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if DSP Group improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess DSP Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
DSP Group has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
DSPG Health
How is DSP Group's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up DSP Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- DSP Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- DSP Group's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- DSP Group has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from DSP Group Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 145.41 | 0.00 | 42.53 |
| 2018-12-31 | 141.87 | 0.00 | 48.09 |
| 2018-09-30 | 142.37 | 0.00 | 45.77 |
| 2018-06-30 | 143.11 | 0.00 | 46.83 |
| 2018-03-31 | 146.25 | 0.00 | 46.60 |
| 2017-12-31 | 146.95 | 0.00 | 46.27 |
| 2017-09-30 | 145.75 | 0.00 | 42.81 |
| 2017-06-30 | 144.12 | 0.00 | 51.34 |
| 2017-03-31 | 144.46 | 0.00 | 51.49 |
| 2016-12-31 | 145.55 | 0.00 | 47.09 |
| 2016-09-30 | 147.98 | 0.00 | 39.34 |
| 2016-06-30 | 142.39 | 0.00 | 40.59 |
| 2016-03-31 | 141.13 | 0.00 | 29.06 |
| 2015-12-31 | 143.32 | 0.00 | 32.03 |
| 2015-09-30 | 144.62 | 0.00 | 30.19 |
| 2015-06-30 | 147.08 | 0.00 | 27.71 |
| 2015-03-31 | 149.47 | 0.00 | 24.85 |
| 2014-12-31 | 146.62 | 0.00 | 32.26 |
| 2014-09-30 | 141.63 | 0.00 | 23.78 |
| 2014-06-30 | 144.01 | 0.00 | 28.19 |
| 2014-03-31 | 143.73 | 0.00 | 27.92 |
| 2013-12-31 | 147.41 | 0.00 | 37.67 |
| 2013-09-30 | 149.58 | 0.00 | 33.94 |
| 2013-06-30 | 146.61 | 0.00 | 35.20 |
| 2013-03-31 | 145.73 | 0.00 | 36.95 |
| 2012-12-31 | 142.23 | 0.00 | 42.30 |
| 2012-09-30 | 141.92 | 0.00 | 40.21 |
- DSP Group has no debt.
- DSP Group has not taken on any debt in the past 5 years.
- DSP Group has no debt, it does not need to be covered by operating cash flow.
- DSP Group has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess DSP Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) DSP Group has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
DSPG Dividends
What is DSP Group's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
DSP Group
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate DSP Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate DSP Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 5 Analyst Estimates (S&P Global) | See Below |
| United States of America Semiconductor Industry Average Dividend Yield | Market Cap Weighted Average of 32 Stocks | 2.2% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2017 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | ||
| 2019-12-31 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as DSP Group has not reported any payouts.
- Unable to verify if DSP Group's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess DSP Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can DSP Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) DSP Group has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
DSPG Management
CEO
| COMPENSATION | $1,369,988 |
| AGE | 49 |
| TENURE AS CEO | 10 years |
CEO Bio
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, 2008 to July 2009. Mr. Elyakim joined DSP Group in January 2006 and served as its Director of Investor Relations & Business Development and also served as its Vice President of Business Development since May 2007. Previously, Mr. Elyakim served as a Research Analyst covering media and broadcasting companies at CIBC World Markets in New York. Prior to that, Mr. Elyakim served several management positions at Radvision, Tundo Communications and Kost Forer Gabbay & Kasierer, a Member of Ernst & Young Global. Mr. Elyakim has been a Director of DSP Group Inc. since May 20, 2011. Mr. Elyakim is a Certified Public Accountant. Mr. Elyakim holds an MBA with honors from Columbia Business School and a BA degree in Computer Science and Accounting from Tel Aviv University.
CEO Compensation
- Ofer's compensation has increased whilst company is loss making.
- Ofer's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the DSP Group management team in years:
- The average tenure for the DSP Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Ofer Elyakim
CEO & Director
$1M
49
10 yrs
Dror Levy
CFO & Secretary
$729K
46
13 yrs
Dima Friedman
Corporate Vice President of Operations
Lior Blanka
CTO & Corporate VP
$411K
59
9 yrs
Tali Chen
Chief Marketing Officer
0.5 yrs
Alex Sin
Corporate Vice President of Sales
Naama Luquer-Hareli
Corporate Vice President of Human Resources
1.5 yrs
Eric Stauffer
Chief Revenue Officer
0.7 yrs
Ran Klier
Corporate Vice President of Sales
7.5 yrs
Board of Directors Tenure
Average tenure and age of the DSP Group board of directors in years:
- The tenure for the DSP Group board of directors is about average.
Board of Directors
Ken Traub
Chairman of the Board
$150K
57
2.2 yrs
Ofer Elyakim
CEO & Director
$1M
49
8.2 yrs
Tom Lacey
Independent Director
$145K
60
7.2 yrs
Gabi Seligsohn
Independent Director
$134K
53
6.2 yrs
Yair Seroussi
Independent Director
$144K
64
17.4 yrs
Norm Taffe
Independent Director
$136K
53
6.2 yrs
Cynthia Paul
Director
$93K
1.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 01. Jul 19 | Sell | Raging Capital Management, LLC | Company | 25. Jun 19 | 28. Jun 19 | -562,906 | $14.41 | $-8,068,606 | ||
| 25. Jun 19 | Sell | Raging Capital Management, LLC | Company | 12. Jun 19 | 24. Jun 19 | -333,565 | $14.65 | $-4,789,659 | ||
| 11. Jun 19 | Sell | Raging Capital Management, LLC | Company | 10. Apr 19 | 11. Jun 19 | -336,679 | $14.85 | $-4,834,291 | ||
| 21. Nov 18 | Buy | Thomas Lacey | Individual | 20. Nov 18 | 20. Nov 18 | 4,000 | $11.40 | $45,600 | ||
Management checks
We assess DSP Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) DSP Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
DSPG News
Simply Wall St News
Should You Be Pleased About The CEO Pay At DSP Group, Inc.'s (NASDAQ:DSPG)
See our latest analysis for DSP Group How Does Ofer Elyakim's Compensation Compare With Similar Sized Companies? … We examined companies with market caps from US$200m to US$800m, and discovered that the median CEO total compensation of that group was US$1.8m. … So we think most shareholders wouldn't be too worried about CEO compensation, which is close to the median for similar sized companies.
Simply Wall St - – Full articleHow Many DSP Group, Inc. (NASDAQ:DSPG) Shares Do Institutions Own?
DSP Group is a smaller company with a market capitalization of US$319m, so it may still be flying under the radar of many institutional investors. … Insider Ownership Of DSP Group The definition of company insiders can be subjective, and does vary between jurisdictions. … However, high insider ownership can also give immense power to a small group within the company.
Simply Wall St - – Full articleInvestors Who Bought DSP Group (NASDAQ:DSPG) Shares Five Years Ago Are Now Up 69%
Because DSP Group is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … Shareholders of unprofitable companies usually expect strong revenue growth. … As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.
Simply Wall St - – Full articleHow Much Of DSP Group, Inc. (NASDAQ:DSPG) Do Institutions Own?
Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Taking a look at our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleOur Take On DSP Group, Inc.'s (NASDAQ:DSPG) CEO Salary
This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … Take the survey and be part of one of the most advanced studies of stock market investors to date … How Does Ofer Elyakim's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleHow Much Are DSP Group, Inc. (NASDAQ:DSPG) Insiders Spending On Buying Shares?
It is not uncommon to see companies perform well in the years after insiders buy shares. … Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. … The Last 12 Months Of Insider Transactions At DSP Group.
Simply Wall St - – Full articleIs DSP Group Inc's (NASDAQ:DSPG) Balance Sheet A Threat To Its Future?
The direct benefit for DSP Group Inc (NASDAQ:DSPG), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … However, the trade-off is DSPG will have to adhere to stricter debt covenants and have less financial flexibility. … Is DSPG right in choosing financial flexibility over lower cost of capital.
Simply Wall St - – Full articleDSP Group Inc (NASDAQ:DSPG): Should The Recent Earnings Drop Worry You?
For long-term investors, assessing earnings trend over time and against industry benchmarks is more beneficial than examining a single earnings announcement at a point in time. … DSPG is loss-making, with the most recent trailing twelve-month earnings of -US$2m (from 30 September 2018), which compared to last year has become. … Furthermore, the company's loss seem to be growing over time, with the five-year earnings average of -US$1m
Simply Wall St - – Full articleDSP Group Inc (NASDAQ:DSPG): How Does It Impact Your Portfolio?
The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … Not all stocks are expose to the same level of market risk. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one.
Simply Wall St - – Full articleWhat does DSP Group Inc's (NASDAQ:DSPG) Balance Sheet Tell Us About Its Future?
The direct benefit for DSP Group Inc (NASDAQ:DSPG), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Does DSPG's growth rate justify its decision for financial flexibility over lower cost of capital … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital.
Simply Wall St - – Full articleDSPG Company Info
Description
DSP Group, Inc., a fabless semiconductor company, provides wireless and audio chipset solutions for converged communications. It operates through three segments: Home, Office, and SmartVoice. The company provides a portfolio of wireless chipsets that integrate DECT/CAT-iq, ULE, Wi-Fi, PSTN, HDClear, video, and VoIP technologies. It also enables converged voice, audio, video, and data connectivity across various mobile, consumer, and enterprise products, including mobile phones, Internet of Things and wearable devices, connected multimedia screens, home automation and security, cordless phones, VoIP systems, and home gateways. The company operates in the United States, Hong Kong, Japan, Europe, China, Taiwan, Korea, and internationally. It sells its products primarily through distributors, as well as directly to original equipment manufacturers and original design manufacturers. DSP Group, Inc. was founded in 1979 and is headquartered in San Jose, California.
Details
| Name: | DSP Group, Inc. |
| DSPG | |
| Exchange: | NasdaqGS |
| Founded: | 1979 |
| $336,862,204 | |
| 22,714,916 | |
| Website: | http://www.dspg.com |
| Address: |
DSP Group, Inc. 2055 Gateway Place, Suite 480, San Jose, California, 95110, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | DSPG | Common Stock | Nasdaq Global Select | US | USD | 11. Feb 1994 | |
| DB | DP3 | Common Stock | Deutsche Boerse AG | DE | EUR | 11. Feb 1994 |
Number of employees
Current staff
Industry
| Semiconductors | |
| Semiconductors |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/07/17 23:35 |
| End of day share price update: | 2019/07/17 00:00 |
| Last estimates confirmation: | 2019/06/07 |
| Last earnings filing: | 2019/05/10 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
