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CSPI

CSP NasdaqGM:CSPI Stock Report

Last Price

US$7.89

Market Cap

US$35.9m

7D

-6.4%

1Y

-11.2%

Updated

25 Sep, 2022

Data

Company Financials
CSPI fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance2/6
Financial Health4/6
Dividends2/6

CSPI Stock Overview

CSP Inc. develops and markets IT integration solutions, security products, managed IT services, purpose built network adapters, and cluster computer systems for commercial and defense customers worldwide.

CSP Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CSP
Historical stock prices
Current Share PriceUS$7.89
52 Week HighUS$9.98
52 Week LowUS$6.61
Beta1.37
1 Month Change-1.38%
3 Month Change-9.91%
1 Year Change-11.25%
3 Year Change-40.66%
5 Year Change-28.60%
Change since IPO82.64%

Recent News & Updates

Aug 10

CSP GAAP EPS of $0.15, revenue of $13.32M

CSP press release (NASDAQ:CSPI): Q3 GAAP EPS of $0.15. Revenue of $13.32M (-2.8% Y/Y).

Shareholder Returns

CSPIUS ITUS Market
7D-6.4%-5.9%-5.2%
1Y-11.2%-39.2%-23.0%

Return vs Industry: CSPI exceeded the US IT industry which returned -39.2% over the past year.

Return vs Market: CSPI exceeded the US Market which returned -23% over the past year.

Price Volatility

Is CSPI's price volatile compared to industry and market?
CSPI volatility
CSPI Average Weekly Movement4.4%
IT Industry Average Movement8.0%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: CSPI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: CSPI's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1968112Vic Dellovohttps://www.cspi.com

CSP Inc. develops and markets IT integration solutions, security products, managed IT services, purpose built network adapters, and cluster computer systems for commercial and defense customers worldwide. It operates in two segments, Technology Solutions and High Performance Products. The Technology Solutions segment provides third-party computer hardware and software as a value added reseller to various customers in Web and infrastructure hosting, education, telecommunications, healthcare services, distribution, financial and professional services, and manufacturing industries.

CSP Fundamentals Summary

How do CSP's earnings and revenue compare to its market cap?
CSPI fundamental statistics
Market CapUS$35.95m
Earnings (TTM)US$770.00k
Revenue (TTM)US$47.69m

46.7x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CSPI income statement (TTM)
RevenueUS$47.69m
Cost of RevenueUS$30.73m
Gross ProfitUS$16.96m
Other ExpensesUS$16.19m
EarningsUS$770.00k

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.17
Gross Margin35.57%
Net Profit Margin1.61%
Debt/Equity Ratio11.5%

How did CSPI perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

182%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is CSPI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CSPI?

Other financial metrics that can be useful for relative valuation.

CSPI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA-48.1x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does CSPI's PE Ratio compare to its peers?

CSPI PE Ratio vs Peers
The above table shows the PE ratio for CSPI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.2x
DPSI Decisionpoint Systems
27.6x25.0%US$40.9m
CLPS CLPS Incorporation
4xn/aUS$32.9m
CTG Computer Task Group
6.9x-20.7%US$101.5m
2.3xn/aUS$16.1m
46.7xn/aUS$35.9m

Price-To-Earnings vs Peers: CSPI is expensive based on its Price-To-Earnings Ratio (46.7x) compared to the peer average (10.2x).


Price to Earnings Ratio vs Industry

How does CSPI's PE Ratio compare vs other companies in the US IT Industry?

Price-To-Earnings vs Industry: CSPI is expensive based on its Price-To-Earnings Ratio (46.7x) compared to the US IT industry average (25.9x)


Price to Earnings Ratio vs Fair Ratio

What is CSPI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CSPI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio46.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CSPI's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of CSPI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CSPI ($7.89) is trading above our estimate of fair value ($1.62)

Significantly Below Fair Value: CSPI is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


18.6%

Forecasted Software 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 CSP 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.


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  • Examine CSP'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.

Past Performance

How has CSP performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-15.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CSPI has high quality earnings.

Growing Profit Margin: CSPI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: CSPI's earnings have declined by 15.7% per year over the past 5 years.

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

Earnings vs Industry: CSPI has become profitable in the last year, making it difficult to compare its past year earnings growth to the IT industry (20.5%).


Return on Equity

High ROE: CSPI's Return on Equity (2.4%) is considered low.


Discover strong past performing companies

Financial Health

How is CSP's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CSPI's short term assets ($52.3M) exceed its short term liabilities ($22.0M).

Long Term Liabilities: CSPI's short term assets ($52.3M) exceed its long term liabilities ($8.1M).


Debt to Equity History and Analysis

Debt Level: CSPI has more cash than its total debt.

Reducing Debt: Insufficient data to determine if CSPI's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: CSPI's debt is well covered by operating cash flow (31.5%).

Interest Coverage: Insufficient data to determine if CSPI's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is CSP current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.52%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: CSPI's dividend (1.52%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: CSPI's dividend (1.52%) is low compared to the top 25% of dividend payers in the US market (4.57%).


Stability and Growth of Payments

Stable Dividend: CSPI's dividend payments have been volatile in the past 10 years.

Growing Dividend: CSPI's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (181.6%), CSPI's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (54.2%), CSPI's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

7.9yrs

Average management tenure


CEO

Vic Dellovo (52 yo)

10.08yrs

Tenure

US$932,276

Compensation

Mr. Victor J. Dellovo, also known as Vic, has been the Chief Executive Officer of CSP Inc, since August 20, 2012 and has been its President since August 2012. He serves as President of Modcomp worldwide op...


CEO Compensation Analysis

Compensation vs Market: Vic's total compensation ($USD932.28K) is about average for companies of similar size in the US market ($USD780.01K).

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


Leadership Team

Experienced Management: CSPI's management team is seasoned and experienced (7.9 years average tenure).


Board Members

Experienced Board: CSPI's board of directors are considered experienced (9.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CSPI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NasdaqGM:CSPI Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
15 Sep 22BuyUS$44,074Joseph NergesIndividual5,319US$8.45
12 Sep 22BuyUS$123,506Joseph NergesIndividual15,394US$8.20
16 Aug 22BuyUS$73,270Joseph NergesIndividual8,837US$8.40
16 Jun 22BuyUS$48,841Joseph NergesIndividual5,555US$8.99
15 Jun 22BuyUS$18Joseph NergesIndividual2US$8.80
13 Jun 22BuyUS$8,660Joseph NergesIndividual1,000US$8.66
10 Jun 22BuyUS$55,343Joseph NergesIndividual5,923US$9.52
08 Jun 22BuyUS$53,193Joseph NergesIndividual5,659US$9.60
03 Jun 22BuyUS$34,089Joseph NergesIndividual3,840US$9.08
31 May 22BuyUS$60,023Joseph NergesIndividual7,050US$8.94
25 May 22BuyUS$47,705Joseph NergesIndividual5,952US$8.30
20 May 22BuyUS$57,527Joseph NergesIndividual7,404US$7.96
20 May 22BuyUS$3,927Joseph NergesIndividual502US$7.82
17 May 22BuyUS$73,184Joseph NergesIndividual9,950US$7.50
27 Apr 22BuyUS$21,110Joseph NergesIndividual3,000US$7.17
08 Apr 22BuyUS$18,318Joseph NergesIndividual2,491US$7.41
15 Mar 22SellUS$7,800Gary LevineIndividual1,000US$7.80
09 Feb 22BuyUS$35,110Joseph NergesIndividual4,200US$8.60
25 Jan 22BuyUS$19,716Joseph NergesIndividual2,345US$8.55
13 Jan 22BuyUS$37,866Joseph NergesIndividual4,400US$8.69

Ownership Breakdown

What is the ownership structure of CSPI?
Owner TypeNumber of SharesOwnership Percentage
Institutions1,162,98225.5%
Individual Insiders1,182,56826.0%
General Public2,210,26648.5%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.1%.


Top Shareholders

Top 25 shareholders own 51.46% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
11.81%
Joseph Nerges
538,030$4.2m5.81%no data
7.17%
Victor Dellovo
326,605$2.6m0%no data
6.01%
Visionary Wealth Advisors, LLC
273,675$2.2m0.25%0.2%
5.82%
Dimensional Fund Advisors LP
265,070$2.1m0.38%no data
4.3%
The Vanguard Group, Inc.
195,698$1.5m0%no data
4.11%
Renaissance Technologies LLC
187,088$1.5m-0.16%no data
1.79%
Gary Levine
81,680$644.5k0%no data
1.3%
PEH Wertpapier AG
59,290$467.8k0%0.05%
1.05%
C. James
47,803$377.2k0%no data
1.03%
Bridgeway Capital Management, LLC
47,100$371.6k0%0.01%
0.97%
Raymond Blackmon
44,250$349.1k0%no data
0.97%
Marilyn Smith
44,250$349.1k0%no data
0.86%
Mercer Global Advisors Inc.
39,389$310.8k0%no data
0.83%
Ismail Azeri
37,995$299.8k0%no data
0.73%
Michael Newbanks
33,307$262.8k0%no data
0.67%
Integrated Wealth Concepts LLC
30,472$240.4k0%0.01%
0.63%
Gary Southwell
28,648$226.0k0%no data
0.53%
Dakota Wealth, LLC
24,250$191.3k0%0.02%
0.24%
Geode Capital Management, LLC
11,161$88.1k7.68%no data
0.24%
BlackRock, Inc.
11,057$87.2k-1.5%no data
0.23%
State Street Global Advisors, Inc.
10,694$84.4k3.89%no data
0.088%
JPMorgan Chase & Co, Brokerage and Securities Investments
4,000$31.6k0%no data
0.021%
Tower Research Capital LLC
953$7.5k-23.58%no data
0.02%
UBS Asset Management
927$7.3k0%no data
0.019%
Lord, Abbett & Co. LLC
844$6.7k0%no data

Company Information

CSP Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: CSP Inc.
  • Ticker: CSPI
  • Exchange: NasdaqGM
  • Founded: 1968
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Implied Market Cap: US$35.945m
  • Shares outstanding: 4.56m
  • Website: https://www.cspi.com

Number of Employees


Location

  • CSP Inc.
  • 175 Cabot Street
  • Suite 210
  • Lowell
  • Massachusetts
  • 1854
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CSPINasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDJan 1982

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/25 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/09/30


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.