NasdaqGS:GSIT

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

How has GSI Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.8%

GSIT

0.08%

US Semiconductor

0.4%

US Market


1 Year Return

23.3%

GSIT

21.6%

US Semiconductor

6.9%

US Market

Return vs Industry: GSIT exceeded the US Semiconductor industry which returned 21.6% over the past year.

Return vs Market: GSIT exceeded the US Market which returned 6.9% over the past year.


Shareholder returns

GSITIndustryMarket
7 Day-2.8%0.08%0.4%
30 Day-11.3%-1.1%-1.2%
90 Day-6.8%3.6%-0.4%
1 Year23.3%23.3%24.0%21.6%9.3%6.9%
3 Year45.8%45.8%80.7%70.0%45.8%36.4%
5 Year57.3%57.3%132.7%108.5%62.9%45.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is GSI Technology undervalued compared to its fair value and its price relative to the market?

99.69x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: GSIT ($7.58) is trading above our estimate of fair value ($1.32)

Significantly Undervalued: GSIT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: GSIT is poor value based on its PE Ratio (99.7x) compared to the Semiconductor industry average (27.4x).

PE vs Market: GSIT is poor value based on its PE Ratio (99.7x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GSIT is good value based on its PB Ratio (1.8x) compared to the US Semiconductor industry average (2.7x).


Next Steps

Future Growth

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

19.1%

Forecasted Semiconductors 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 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 SimplyWall St do have past financial data.


Next Steps

Past Performance

How has GSI Technology performed over the past 5 years?

33.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GSIT has become profitable over the past 5 years, growing earnings by 33.9% per year.

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

Earnings vs Industry: GSIT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (-6.2%).


Return on Equity

High ROE: GSIT's Return on Equity (1.8%) is considered low.


Return on Assets

ROA vs Industry: GSIT's Return on Assets is below or equal to the Semiconductor industry average last year.


Return on Capital Employed

ROCE Improving: GSIT's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is GSI Technology's financial position?


Financial Position Analysis

Short Term Liabilities: GSIT's short term assets ($80.6M) exceeds its short term liabilities ($7.4M)

Long Term Liabilities: GSIT's short term assets (80.6M) exceeds its long term liabilities (4.7M)


Debt to Equity History and Analysis

Debt Level: GSIT is debt free.

Reducing Debt: GSIT has not had any debt for past 5 years.

Debt Coverage: GSIT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GSIT has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: GSIT has a low level of unsold assets or inventory.

Debt Coverage by Assets: GSIT's debt is not covered by short term assets (assets are -7.2565600075892E+17x debt).


Next Steps

Dividend

What is GSI Technology's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Next Steps

Management

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

21.9yrs

Average management tenure


CEO

Lee-Lean Shu (64yo)

24.6yrs

Tenure

US$1,046,497

Compensation

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 Mar ...


CEO Compensation Analysis

Compensation vs. Market: Lee-Lean's total compensation ($USD1.05M) is about average for companies of similar size in the US market ($USD1.16M).

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


Management Age and Tenure

21.9yrs

Average Tenure

64yo

Average Age

Experienced Management: GSIT's management team is seasoned and experienced (21.9 years average tenure).


Board Age and Tenure

10.3yrs

Average Tenure

65yo

Average Age

Experienced Board: GSIT's board of directors are seasoned and experienced ( 10.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Lee-Lean Shu (64yo)

    Co-Founder

    • Tenure: 24.6yrs
    • Compensation: US$1.05m
  • Robert Yau (66yo)

    Co-Founder

    • Tenure: 24.6yrs
    • Compensation: US$572.44k
  • Douglas Schirle (64yo)

    Chief Financial Officer

    • Tenure: 19.2yrs
    • Compensation: US$587.06k
  • Didier Lasserre (54yo)

    Vice President of Sales

    • Tenure: 17.3yrs
    • Compensation: US$608.11k

Board Members

  • Tom Hart (77yo)

    Independent Director

    • Tenure: 4.6yrs
    • Compensation: US$72.40k
  • Arthur Whipple (71yo)

    Lead Director

    • Tenure: 9.3yrs
    • Compensation: US$113.38k
  • Elizabeth Cholawsky (63yo)

    Independent Director

    • Tenure: 0.08yrs
  • Jack Bradley (70yo)

    Independent Director

    • Tenure: 4.6yrs
    • Compensation: US$75.13k
  • Lee-Lean Shu (64yo)

    Co-Founder

    • Tenure: 24.6yrs
    • Compensation: US$1.05m
  • Robert Yau (66yo)

    Co-Founder

    • Tenure: 24.6yrs
    • Compensation: US$572.44k
  • Ruey Lu (63yo)

    Independent Director

    • Tenure: 19yrs
    • Compensation: US$65.57k
  • Haydn Hsieh (64yo)

    Independent Director

    • Tenure: 11.2yrs
    • Compensation: US$71.72k

Company Information

GSI Technology, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GSI Technology, Inc.
  • Ticker: GSIT
  • Exchange: NasdaqGS
  • Founded: 1995
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$173.644m
  • Shares outstanding: 22.91m
  • Website: https://www.gsitechnology.com

Number of Employees


Location

  • GSI Technology, Inc.
  • 1213 Elko Drive
  • Sunnyvale
  • California
  • 94089
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GSITNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMar 2007

Biography

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, Ger ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 00:09
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.