OTCPK:PTSC

Stock Analysis Report

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Executive Summary

Patriot Scientific Corporation does not have significant operations.


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: PTSC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.9%

PTSC

6.5%

US Semiconductor

2.2%

US Market


1 Year Return

35.9%

PTSC

48.2%

US Semiconductor

16.2%

US Market

Return vs Industry: PTSC underperformed the US Semiconductor industry which returned 46.6% over the past year.

Return vs Market: PTSC exceeded the US Market which returned 15.9% over the past year.


Shareholder returns

PTSCIndustryMarket
7 Day1.9%6.5%2.2%
30 Day307.7%6.9%4.9%
90 Day165.9%23.6%17.8%
1 Year35.9%35.9%50.9%48.2%18.7%16.2%
3 Year-44.4%-44.4%90.2%80.2%41.1%32.0%
5 Year-79.5%-79.5%218.2%187.4%74.5%55.7%

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 compared to its fair value and its price relative to the market?

3.32x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PTSC's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PTSC's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

PE vs Market: PTSC 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 PTSC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PTSC is good value based on its PB Ratio (3.3x) compared to the US Semiconductor industry average (3.5x).


Next Steps

Future Growth

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

24.8%

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?

3.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PTSC is currently unprofitable.

Growing Profit Margin: PTSC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PTSC is unprofitable, but has reduced losses over the past 5 years at a rate of 3.9% per year.

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

Earnings vs Industry: PTSC is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-5.9%).


Return on Equity

High ROE: PTSC has a negative Return on Equity (-163.35%), as it is currently unprofitable.


Next Steps

Financial Health

How is Patriot Scientific's financial position?


Financial Position Analysis

Short Term Liabilities: PTSC's short term assets ($1.0M) exceed its short term liabilities ($305.7K).

Long Term Liabilities: PTSC has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: PTSC is debt free.

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


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: PTSC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PTSC has less than a year of cash runway if free cash flow continues to grow at historical rates of 11.3% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if PTSC'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 PTSC'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?

US$374k

CEO Compensation


CEO

Carlton Johnson (61 yo)

1.33yrs

Tenure

US$374,400

Compensation

Mr. Carlton M. Johnson, Jr., serves as Interim Chief Executive Officer at Patriot Scientific Corporation since April 01, 2019 and its Interim Chief Financial Officer since October 3, 2019. He is a Securiti ...


CEO Compensation Analysis

Compensation vs Market: Carlton's total compensation ($USD374.40K) is below average for companies of similar size in the US market ($USD607.19K).

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


Ownership

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


Insider Trading Volume

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


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$2.621m
  • 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

Biography

Patriot Scientific Corporation does not have significant operations. Previously, the company was engaged in commercializing microprocessor technologies through broad and open licensing. It focuses on devel ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/05 00:19
End of Day Share Price2020/08/04 00:00
Earnings2020/02/29
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.