OTCPK:PTSC

Stock Analysis Report

Executive Summary

Patriot Scientific Corporation focuses on commercializing microprocessor technologies through broad and open licensing.

Snowflake

Fundamentals

Flawless balance sheet and overvalued.

Risks

  • Patriot Scientific has significant price volatility in the past 3 months.
  • Patriot Scientific is not covered by any analysts.

Share Price & News

How has Patriot Scientific's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-11.0%

PTSC

-0.8%

US Semiconductor

-0.2%

US Market


1 Year Return

-44.4%

PTSC

9.4%

US Semiconductor

1.1%

US Market

PTSC underperformed the Semiconductor industry which returned 9.4% over the past year.

PTSC underperformed the Market in United States of America which returned 1.1% over the past year.


Share holder returns

PTSCIndustryMarket
7 Day-11.0%-0.8%-0.2%
30 Day-8.2%4.9%2.5%
90 Day54.5%12.0%1.6%
1 Year-44.4%-44.4%11.5%9.4%3.4%1.1%
3 Year-36.4%-36.4%83.0%72.2%45.2%35.8%
5 Year-92.3%-92.3%123.0%100.4%62.6%44.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Patriot Scientific undervalued based on future cash flows and its price relative to the stock market?

1.05x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Patriot Scientific to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Patriot Scientific to establish if it is available at substantial discount.


Price Based on Earnings

Patriot Scientific is loss making, we can't compare its value to the US Semiconductor industry average.

Patriot Scientific is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Patriot Scientific, we can't assess if its growth is good value.


Price Based on Value of Assets

Patriot Scientific is good value based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

How is Patriot Scientific expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.0%

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 Patriot Scientific 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 Patriot Scientific performed over the past 5 years?

16.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Patriot Scientific does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare Patriot Scientific's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Patriot Scientific's 1-year growth to the US Semiconductor industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Patriot Scientific has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Patriot Scientific has efficiently used its assets last year compared to the US Semiconductor industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Patriot Scientific improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Patriot Scientific's financial position?


Financial Position Analysis

Patriot Scientific is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Patriot Scientific has no long term commitments.


Debt to Equity History and Analysis

Patriot Scientific has no debt.

Patriot Scientific has not taken on any debt in the past 5 years.


Balance Sheet

Low level of unsold assets.

Patriot Scientific has no debt, it does not need to be covered by short term assets.


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.

Patriot Scientific has sufficient cash runway for 2 years based on current free cash flow.

Patriot Scientific has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of -25.5% each year.


Next Steps

Dividend

What is Patriot Scientific's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Patriot Scientific's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Patriot Scientific's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Patriot Scientific has not reported any payouts.

Unable to verify if Patriot Scientific's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Patriot Scientific 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.


Next Steps

Management

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

US$122k

CEO Compensation


CEO

Carlton Johnson (60yo)

0.4yrs

Tenure

US$122,400

Compensation

Mr. Carlton M. Johnson, Jr. is a Securities Counsel at the Roswell Capital Partners, LLC. Mr. Johnson joined Roswell Capital Partners in April 1996 and his responsibilities include general corporate, secur ...


CEO Compensation Analysis

Carlton's remuneration is lower than average for companies of similar size in United States of America.

Carlton's compensation has increased whilst company is loss making.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Cliff Flowers (61yo)

    CFO, Secretary & Director

    • Tenure: 8.7yrs
    • Compensation: US$327.75k
  • Carlton Johnson (60yo)

    Chairman of the Board & Interim CEO

    • Tenure: 0.4yrs
    • Compensation: US$122.40k

Board Members

  • Cliff Flowers (61yo)

    CFO, Secretary & Director

    • Tenure: 8.7yrs
    • Compensation: US$327.75k
  • Carlton Johnson (60yo)

    Chairman of the Board & Interim CEO

    • Tenure: 0.4yrs
    • Compensation: US$122.40k
  • Gloria Felcyn (72yo)

    Director

    • Tenure: 16.9yrs

Company Information

Patriot Scientific Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Patriot Scientific Corporation
  • Ticker: PTSC
  • Exchange: OTCPK
  • Founded: 1987
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$1.786m
  • Shares outstanding: 401.39m
  • Website: https://www.ptsc.com

Number of Employees


Location

  • Patriot Scientific Corporation
  • 2038 Corte Del Nogal
  • Suite 141
  • Carlsbad
  • California
  • 92011
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PTSCOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 1992
PQEBST (Boerse-Stuttgart)YesCommon StockDEEURJun 1992

Biography

Patriot Scientific Corporation focuses on commercializing microprocessor technologies through broad and open licensing. The company was founded in 1987 and is based in Carlsbad, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 23:41
End of Day Share Price2019/09/20 00:00
Earnings2019/05/31
Annual Earnings2019/05/31


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.