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GSI Technology

Nasdaq:GSIT
Snowflake Description

Adequate balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GSIT
Nasdaq
$192M
Market Cap
  1. Home
  2. US
  3. Semiconductors
Company description

GSI Technology, Inc., a fabless semiconductor company, designs, develops, and markets memory products primarily for the networking and telecommunications markets in the United States, China, Singapore, Germany, the Netherlands, and internationally. The last earnings update was 11 days ago. More info.


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GSIT Share Price and Events
7 Day Returns
4.5%
NasdaqGS:GSIT
1.1%
US Semiconductor
-1%
US Market
1 Year Returns
29%
NasdaqGS:GSIT
5.2%
US Semiconductor
-0.4%
US Market
GSIT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GSI Technology (GSIT) 4.5% 4.9% 13.3% 29% 69.9% 52.8%
US Semiconductor 1.1% -2.1% 5.4% 5.2% 61.3% 86.2%
US Market -1% -3.3% 0.4% -0.4% 30.4% 37.1%
1 Year Return vs Industry and Market
  • GSIT outperformed the Semiconductor industry which returned 5.2% over the past year.
  • GSIT outperformed the Market in United States of America which returned -0.4% over the past year.
Price Volatility
GSIT
Industry
5yr Volatility vs Market
Related Companies

Value

 Is GSI Technology 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 GSI Technology 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for GSI Technology.

NasdaqGS:GSIT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
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.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:GSIT
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))
= 1.268 (1 + (1- 21%) (0.49%))
1.183
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.183 * 5.96%)
9.78%

Discounted Cash Flow Calculation for NasdaqGS:GSIT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for GSI Technology 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.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:GSIT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.78%)
2020 2.39 Est @ -3.24% 2.18
2021 2.36 Est @ -1.45% 1.96
2022 2.35 Est @ -0.2% 1.78
2023 2.37 Est @ 0.68% 1.63
2024 2.40 Est @ 1.3% 1.50
2025 2.44 Est @ 1.73% 1.39
2026 2.49 Est @ 2.03% 1.30
2027 2.55 Est @ 2.24% 1.21
2028 2.61 Est @ 2.39% 1.13
2029 2.67 Est @ 2.49% 1.05
Present value of next 10 years cash flows $15.12
NasdaqGS:GSIT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $2.67 × (1 + 2.73%) ÷ (9.78% – 2.73%)
$38.91
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $38.91 ÷ (1 + 9.78%)10
$15.31
NasdaqGS:GSIT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $15.12 + $15.31
$30.42
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $30.42 / 22.91
$1.33
NasdaqGS:GSIT Discount to Share Price
Calculation Result
Value per share (USD) From above. $1.33
Current discount Discount to share price of $8.36
= -1 x ($8.36 - $1.33) / $1.33
-529.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of GSI Technology is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 GSI Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GSI Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:GSIT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.08
NasdaqGS:GSIT Share Price ** NasdaqGS (2019-08-16) in USD $8.36
United States of America Semiconductor Industry PE Ratio Median Figure of 67 Publicly-Listed Semiconductor Companies 26.72x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of GSI Technology.

NasdaqGS:GSIT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:GSIT Share Price ÷ EPS (both in USD)

= 8.36 ÷ 0.08

109.95x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GSI Technology is overvalued based on earnings compared to the US Semiconductor industry average.
  • GSI Technology is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does GSI Technology's expected growth come at a high price?
Raw Data
NasdaqGS:GSIT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 109.95x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
Not available
United States of America Semiconductor Industry PEG Ratio Median Figure of 61 Publicly-Listed Semiconductor Companies 1.15x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.4x

*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 GSI Technology, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on GSI Technology's assets?
Raw Data
NasdaqGS:GSIT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $4.20
NasdaqGS:GSIT Share Price * NasdaqGS (2019-08-16) in USD $8.36
United States of America Semiconductor Industry PB Ratio Median Figure of 106 Publicly-Listed Semiconductor Companies 2.61x
United States of America Market PB Ratio Median Figure of 5,265 Publicly-Listed Companies 1.7x
NasdaqGS:GSIT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:GSIT Share Price ÷ Book Value per Share (both in USD)

= 8.36 ÷ 4.20

1.99x

* Primary Listing of GSI Technology.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GSI Technology is good value based on assets compared to the US Semiconductor industry average.
X
Value checks
We assess GSI Technology's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check)
  5. GSI Technology 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.

Future Performance

 How is GSI Technology expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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 GSI Technology 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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!
Annual Growth Rate
19.4%
Expected Semiconductor industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GSI Technology expected to grow at an attractive rate?
  • Unable to compare GSI Technology's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare GSI Technology's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare GSI Technology's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:GSIT Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 19.4%
United States of America Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*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
Raw Data
NasdaqGS:GSIT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:GSIT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-03-31 52 -7 1
NasdaqGS:GSIT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 53 4 2
2019-03-31 51 3 0
2018-12-31 50 2 1
2018-09-30 46 1 -3
2018-06-30 43 0 -5
2018-03-31 43 1 -5
2017-12-31 42 0 -6
2017-09-30 42 1 -4
2017-06-30 46 4 -2
2017-03-31 48 2 0
2016-12-31 50 5 1
2016-09-30 51 1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if GSI Technology is high growth as no earnings estimate data is available.
  • Unable to determine if GSI Technology is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:GSIT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from GSI Technology Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:GSIT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-03-31 -0.29 -0.29 -0.29 1.00
NasdaqGS:GSIT Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.08
2019-03-31 0.01
2018-12-31 0.02
2018-09-30 -0.15
2018-06-30 -0.22
2018-03-31 -0.21
2017-12-31 -0.29
2017-09-30 -0.21
2017-06-30 -0.09
2017-03-31 -0.01
2016-12-31 0.05
2016-09-30 0.00

*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 GSI Technology will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine GSI Technology's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. GSI Technology's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Semiconductors companies here
  3. GSI Technology's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess GSI Technology's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
GSI Technology has a total score of 0/6, 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.

Past Performance

  How has GSI Technology 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
Below we compare GSI Technology's growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • GSI Technology has delivered over 20% year on year earnings growth in the past 5 years.
  • GSI Technology has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • GSI Technology has become profitable in the last year making it difficult to compare the US Semiconductor industry average.
Earnings and Revenue History
GSI Technology's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from GSI Technology Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:GSIT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 53.24 1.68 11.06 22.10
2019-03-31 51.49 0.16 10.78 21.36
2018-12-31 49.99 0.53 10.51 20.05
2018-09-30 46.41 -3.26 10.27 19.11
2018-06-30 43.22 -4.65 10.16 17.51
2018-03-31 42.64 -4.52 10.37 17.00
2017-12-31 41.84 -6.13 10.65 16.94
2017-09-30 42.21 -4.25 10.73 16.52
2017-06-30 45.92 -1.89 10.92 16.64
2017-03-31 48.18 -0.12 10.96 15.80
2016-12-31 50.00 1.15 10.46 14.97
2016-09-30 51.44 -0.02 13.17 13.94
2016-06-30 51.66 -0.99 14.77 12.60
2016-03-31 52.74 -2.17 17.24 12.10
2015-12-31 53.59 -4.81 21.05 11.77
2015-09-30 54.89 -3.85 20.34 11.84
2015-06-30 54.58 -4.45 20.22 11.84
2015-03-31 53.50 -4.98 19.25 11.92
2014-12-31 53.28 -7.65 18.05 13.25
2014-09-30 52.83 -8.53 18.09 13.18
2014-06-30 55.11 -7.19 18.14 13.19
2014-03-31 58.58 -6.19 18.81 13.11
2013-12-31 61.44 0.16 17.64 11.63
2013-09-30 65.18 1.74 17.04 11.71
2013-06-30 65.64 2.49 15.66 11.63
2013-03-31 66.01 3.85 13.70 11.47
2012-12-31 69.04 3.73 15.82 11.24
2012-09-30 71.50 3.87 17.38 11.01

*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.
  • GSI Technology has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • GSI Technology used its assets less efficiently than the US Semiconductor industry average last year based on Return on Assets.
  • GSI Technology has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess GSI Technology's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
GSI Technology has a total score of 2/6, 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.

Health

 How is GSI Technology'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 GSI Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GSI Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • GSI Technology's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of GSI Technology's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are -7.2565600075892E+17x debt.
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.
Raw Data

All data from GSI Technology Company Filings, last reported 1 month ago.

NasdaqGS:GSIT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 96.08 0.00 64.72
2019-03-31 93.16 0.00 61.84
2018-12-31 91.21 0.00 57.09
2018-09-30 88.12 0.00 56.55
2018-06-30 87.20 0.00 52.59
2018-03-31 86.82 0.00 58.37
2017-12-31 85.46 0.00 56.77
2017-09-30 85.65 0.00 49.64
2017-06-30 86.62 0.00 49.09
2017-03-31 86.44 0.00 49.94
2016-12-31 86.24 0.00 47.01
2016-09-30 85.57 0.00 47.83
2016-06-30 86.95 0.00 49.96
2016-03-31 89.87 0.00 55.11
2015-12-31 92.35 0.00 50.11
2015-09-30 93.59 0.00 60.35
2015-06-30 93.81 0.00 58.48
2015-03-31 96.40 0.00 58.98
2014-12-31 101.38 0.00 65.83
2014-09-30 101.32 0.00 62.73
2014-06-30 126.91 0.00 84.01
2014-03-31 128.38 0.00 80.93
2013-12-31 133.46 0.00 74.82
2013-09-30 135.64 0.00 74.96
2013-06-30 133.20 0.00 63.85
2013-03-31 132.18 0.00 67.26
2012-12-31 130.37 0.00 65.65
2012-09-30 129.15 0.00 67.08
  • GSI Technology's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if GSI Technology's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • GSI Technology has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess GSI Technology's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. GSI Technology has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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.

Dividends

 What is GSI Technology'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
Dividend payments
0%
Current annual income from GSI Technology dividends.
If you bought $2,000 of GSI Technology shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate GSI Technology's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate GSI Technology'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.
Raw Data
NasdaqGS:GSIT Annualized Past and Future Dividends
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 1 Analyst Estimates (S&P Global) See Below
United States of America Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:GSIT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-03-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as GSI Technology has not reported any payouts.
  • Unable to verify if GSI Technology's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of GSI Technology's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as GSI Technology has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess GSI Technology's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can GSI Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GSI Technology 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.

Management

 What is the CEO of GSI Technology's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Lee-Lean Shu
COMPENSATION $1,046,497
AGE 64
TENURE AS CEO 24.4 years
CEO Bio

Mr. Lee-Lean Shu co-founded GSI Technology, Inc. in March 1995 and has been its President and Chief Executive Officer since March 1995 and Chairman of the Board since October 2000. From January 1995 to March 1995, Mr. Shu served as Director of SRAM Design at Sony Microelectronics Corporation, a semiconductor company and a subsidiary of Sony Corporation and from July 1990 to January 1995, he served as a Design Manager of Sony Microelectronics Corporation. Mr. Shu has been a Director of GSI Technology Inc. since March 1995.

CEO Compensation
  • Lee-Lean's compensation has increased in line with GSI Technology recently becoming profitable.
  • Lee-Lean's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the GSI Technology management team in years:

21.7
Average Tenure
64
Average Age
  • The average tenure for the GSI Technology management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Lee-Lean Shu

TITLE
Co-Founder
COMPENSATION
$1M
AGE
64
TENURE
24.4 yrs

Robert Yau

TITLE
Co-Founder
COMPENSATION
$572K
AGE
66
TENURE
24.4 yrs

Douglas Schirle

TITLE
Chief Financial Officer
COMPENSATION
$587K
AGE
64
TENURE
19 yrs

Didier Lasserre

TITLE
Vice President of Sales
COMPENSATION
$608K
AGE
54
TENURE
17.1 yrs
Board of Directors Tenure

Average tenure and age of the GSI Technology board of directors in years:

11
Average Tenure
66
Average Age
  • The average tenure for the GSI Technology board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Lee-Lean Shu

TITLE
Co-Founder
COMPENSATION
$1M
AGE
64
TENURE
18.8 yrs

Robert Yau

TITLE
Co-Founder
COMPENSATION
$572K
AGE
66
TENURE
24.4 yrs

Arthur Whipple

TITLE
Lead Director
COMPENSATION
$113K
AGE
71
TENURE
9.2 yrs

Jack Bradley

TITLE
Independent Director
COMPENSATION
$75K
AGE
70
TENURE
4.4 yrs

Tom Hart

TITLE
Independent Director
COMPENSATION
$72K
AGE
77
TENURE
4.4 yrs

Ruey Lu

TITLE
Independent Director
COMPENSATION
$66K
AGE
63
TENURE
18.8 yrs

Haydn Hsieh

TITLE
Independent Director
COMPENSATION
$72K
AGE
64
TENURE
11 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess GSI Technology's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. GSI Technology 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.

News

Simply Wall St News

GSI Technology, Inc. (NASDAQ:GSIT): What Does Its Beta Value Mean For Your Portfolio?

(NASDAQ:GSIT), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … Given that it has a beta of 1.29, we can surmise that the GSI Technology share price has been fairly sensitive to market volatility (over the last 5 years).

Simply Wall St -

What Kind Of Shareholder Appears On The GSI Technology, Inc.'s (NASDAQ:GSIT) Shareholder Register?

Taking a look at our data on the ownership groups (below), it's seems that institutional investors have bought into the company. … Check out our latest analysis for GSI Technology NasdaqGS:GSIT Ownership Summary, June 13th 2019 What Does The Institutional Ownership Tell Us About GSI Technology? … As you can see, institutional investors own 31% of GSI Technology.

Simply Wall St -

Should You Be Concerned About GSI Technology, Inc.'s (NASDAQ:GSIT) Historical Volatility?

Some stocks mimic the volatility of the market quite closely, while others demonstrate muted, exagerrated or uncorrelated price movements. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

What Type Of Shareholder Owns GSI Technology, Inc.'s (NASDAQ:GSIT)?

If you want to know who really controls GSI Technology, Inc. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … institutions are noticeable on the share registry.

Simply Wall St -

Is GSI Technology's 114% Share Price Increase Well Justified?

It's also good to see the share price up 43% over the last quarter. … Many high growth companies focus on growing revenue before profits, but if revenue is the focus, it really needs to grow. … That's because it's hard for shareholders to have confidence a company will grow profits significantly if it isn't growing revenue.

Simply Wall St -

Should GSI Technology, Inc. (NASDAQ:GSIT) Focus On Improving This Fundamental Metric?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.0058. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is GSI Technology, Inc.'s (NASDAQ:GSIT) CEO Paid At A Competitive Rate?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Lee-Lean Shu's Compensation Compare With Similar Sized Companies. … We examined a group of similar sized companies, with market capitalizations of below US$200m

Simply Wall St -

What Kind Of Shareholder Appears On The GSI Technology Inc's (NASDAQ:GSIT) Shareholder Register?

A look at the shareholders of GSI Technology Inc (NASDAQ:GSIT) can tell us which group is most powerful. … Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'.

Simply Wall St -

Does GSI Technology Inc (NASDAQ:GSIT) Have A Particularly Volatile Share Price?

Anyone researching GSI Technology Inc (NASDAQ:GSIT) might want to consider the historical volatility of the share price. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Why GSI Technology Inc's (NASDAQ:GSIT) CEO Pay Matters To You

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … We looked at a group of companies with market capitalizations under US$200m, and the median CEO compensation was US$288k. … Thus we can conclude that Lee-Lean Shu receives more in total compensation than the median of a group of companies in the same market, and of similar size to GSI Technology Inc

Simply Wall St -

Company Info

Description

GSI Technology, Inc., a fabless semiconductor company, designs, develops, and markets memory products primarily for the networking and telecommunications markets in the United States, China, Singapore, Germany, the Netherlands, and internationally. It offers synchronous static random access memory (SRAM) products, such as BurstRAMs for microprocessor cache applications; No Bus Turnaround SRAMs to address the needs of moderate performance networking applications; SigmaQuad and SigmaDDR products that are double data rate and quad data rate synchronous SRAMs; and radiation-hardened SRAMs for aerospace and military applications, such as networking satellites and missiles. The company also provides low latency dynamic random access memory products. Its products are used in a range of networking and telecommunications equipment, including core routers, multi-service access routers, universal gateways, enterprise edge routers, service provider edge routers, optical edge routers, fast Ethernet switches, wireless base stations, and network access equipment. The company markets its products through a network of independent sales representatives and distributors to original equipment manufacturers, as well as to military, industrial, test and measurement equipment, automotive, and medical markets. GSI Technology, Inc. was founded in 1995 and is headquartered in Sunnyvale, California.

Details
Name: GSI Technology, Inc.
GSIT
Exchange: NasdaqGS
Founded: 1995
$191,512,911
22,908,243
Website: http://www.gsitechnology.com
Address: GSI Technology, Inc.
1213 Elko Drive,
Sunnyvale,
California, 94089,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS GSIT Common Stock Nasdaq Global Select US USD 29. Mar 2007
Number of employees
Current staff
Staff numbers
166
GSI Technology employees.
Industry
Semiconductors
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 23:58
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/07/26
Last earnings filing: 2019/08/06
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/03/31


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.