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GSE Systems

Nasdaq:GVP
Snowflake Description

High growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GVP
Nasdaq
$54M
Market Cap
  1. Home
  2. US
  3. Software
Company description

GSE Systems, Inc. provides simulation, training, and engineering solutions to the power and process industries worldwide. The last earnings update was 9 days ago. More info.


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  • GSE Systems has significant price volatility in the past 3 months.
GVP Share Price and Events
7 Day Returns
-10.8%
NasdaqCM:GVP
0.2%
US Software
-1.1%
US Market
1 Year Returns
-19.7%
NasdaqCM:GVP
31.2%
US Software
6.4%
US Market
GVP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GSE Systems (GVP) -10.8% -12.2% 18.2% -19.7% -1.8% 65.5%
US Software 0.2% 5% 24.9% 31.2% 108.9% 137.5%
US Market -1.1% 0.3% 16.7% 6.4% 37.9% 42.1%
1 Year Return vs Industry and Market
  • GVP underperformed the Software industry which returned 31.2% over the past year.
  • GVP underperformed the Market in United States of America which returned 6.4% over the past year.
Price Volatility
GVP
Industry
5yr Volatility vs Market

GVP Value

 Is GSE Systems 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 GSE Systems 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 GSE Systems.

NasdaqCM:GVP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 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 NasdaqCM:GVP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Software Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.14 (1 + (1- 21%) (14.74%))
1.182
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% + (1.182 * 5.96%)
9.78%

Discounted Cash Flow Calculation for NasdaqCM:GVP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for GSE Systems 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.

NasdaqCM:GVP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.78%)
2019 7.06 Analyst x2 6.43
2020 7.96 Analyst x2 6.61
2021 8.69 Est @ 9.21% 6.57
2022 9.33 Est @ 7.27% 6.42
2023 9.88 Est @ 5.91% 6.20
2024 10.37 Est @ 4.95% 5.92
2025 10.81 Est @ 4.29% 5.63
2026 11.22 Est @ 3.82% 5.32
2027 11.62 Est @ 3.49% 5.02
2028 11.99 Est @ 3.26% 4.72
Present value of next 10 years cash flows $58.83
NasdaqCM:GVP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $11.99 × (1 + 2.73%) ÷ (9.78% – 2.73%)
$174.84
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $174.84 ÷ (1 + 9.78%)10
$68.79
NasdaqCM:GVP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $58.83 + $68.79
$127.62
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $127.62 / 19.83
$6.43
NasdaqCM:GVP Discount to Share Price
Calculation Result
Value per share (USD) From above. $6.43
Current discount Discount to share price of $2.73
= -1 x ($2.73 - $6.43) / $6.43
57.6%

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

Current Discount
Amount off the current price GSE Systems is available for.
Intrinsic value
>50%
Share price is $2.73 vs Future cash flow value of $6.43
Current Discount Checks
For GSE Systems to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • GSE Systems's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • GSE Systems's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 GSE Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GSE Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:GVP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.02
NasdaqCM:GVP Share Price ** NasdaqCM (2019-03-22) in USD $2.73
United States of America Software Industry PE Ratio Median Figure of 84 Publicly-Listed Software Companies 53.16x
United States of America Market PE Ratio Median Figure of 3,061 Publicly-Listed Companies 17.15x

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

** Primary Listing of GSE Systems.

NasdaqCM:GVP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:GVP Share Price ÷ EPS (both in USD)

= 2.73 ÷ -0.02

-151.91x

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

  • GSE Systems is loss making, we can't compare its value to the US Software industry average.
  • GSE Systems is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does GSE Systems's expected growth come at a high price?
Raw Data
NasdaqCM:GVP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -151.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
104.9%per year
United States of America Software Industry PEG Ratio Median Figure of 66 Publicly-Listed Software Companies 3.32x
United States of America Market PEG Ratio Median Figure of 2,104 Publicly-Listed Companies 1.45x

*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 GSE Systems, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on GSE Systems's assets?
Raw Data
NasdaqCM:GVP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $1.57
NasdaqCM:GVP Share Price * NasdaqCM (2019-03-22) in USD $2.73
United States of America Software Industry PB Ratio Median Figure of 220 Publicly-Listed Software Companies 5.62x
United States of America Market PB Ratio Median Figure of 5,164 Publicly-Listed Companies 1.84x
NasdaqCM:GVP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:GVP Share Price ÷ Book Value per Share (both in USD)

= 2.73 ÷ 1.57

1.74x

* Primary Listing of GSE Systems.

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

  • GSE Systems is good value based on assets compared to the US Software industry average.
X
Value checks
We assess GSE Systems'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 Software 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 Software industry average (and greater than 0)? (1 check)
  5. GSE Systems has a total score of 3/6, 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.

GVP Future Performance

 How is GSE Systems expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
104.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GSE Systems expected to grow at an attractive rate?
  • GSE Systems's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • GSE Systems's earnings growth is expected to exceed the United States of America market average.
  • GSE Systems's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:GVP Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:GVP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 104.9%
NasdaqCM:GVP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 26.5%
United States of America Software Industry Earnings Growth Rate Market Cap Weighted Average 16%
United States of America Software Industry Revenue Growth Rate Market Cap Weighted Average 10.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
NasdaqCM:GVP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:GVP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 158 8 7 2
2019-12-31 122 8 3 2
NasdaqCM:GVP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 92 0
2018-09-30 91 -2 4
2018-06-30 85 -2 4
2018-03-31 77 1 4
2017-12-31 71 8 5
2017-09-30 62 9 1
2017-06-30 61 12 2
2017-03-31 56 10 1
2016-12-31 53 10 1
2016-09-30 54 4 1
2016-06-30 55 4 -2
2016-03-31 56 3 -4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • GSE Systems's earnings are expected to grow significantly at over 20% yearly.
  • GSE Systems's revenue is expected to grow significantly at over 20% yearly.
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
NasdaqCM:GVP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from GSE Systems Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:GVP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.29 0.32 0.26 2.00
2019-12-31 0.15 0.16 0.13 2.00
NasdaqCM:GVP Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.02
2018-09-30 0.22
2018-06-30 0.22
2018-03-31 0.21
2017-12-31 0.28
2017-09-30 0.05
2017-06-30 0.09
2017-03-31 0.05
2016-12-31 0.08
2016-09-30 0.08
2016-06-30 -0.14
2016-03-31 -0.23

*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.
  • GSE Systems is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess GSE Systems'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.
GSE Systems has a total score of 5/6, 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.

GVP Past Performance

  How has GSE Systems 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 GSE Systems's growth in the last year to its industry (Software).
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.
  • GSE Systems does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare GSE Systems's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare GSE Systems's 1-year growth to the US Software industry average as it is not currently profitable.
Earnings and Revenue History
GSE Systems'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 GSE Systems Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:GVP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 92.25 -0.35 17.47 0.90
2018-09-30 91.40 4.40 16.79 1.05
2018-06-30 85.01 4.31 16.19 1.16
2018-03-31 77.43 4.15 15.62 1.32
2017-12-31 70.88 5.38 14.43 1.39
2017-09-30 62.16 0.96 14.32 1.35
2017-06-30 61.18 1.73 14.37 1.34
2017-03-31 56.47 1.02 12.98 1.31
2016-12-31 53.10 1.42 12.47 1.26
2016-09-30 54.15 1.44 10.57 2.49
2016-06-30 54.53 -2.49 10.26 2.16
2016-03-31 55.77 -4.10 11.44 1.84
2015-12-31 56.80 -4.71 11.89 1.48
2015-09-30 55.19 -7.16 14.34
2015-06-30 48.20 -5.29 14.66
2015-03-31 42.83 -5.78 15.22
2014-12-31 37.54 -7.33 15.81
2014-09-30 37.09 -6.07 15.84
2014-06-30 41.15 -5.17 15.78
2014-03-31 43.90 -11.38 15.62
2013-12-31 47.56 -10.51 15.84
2013-09-30 47.97 -10.68 15.61
2013-06-30 49.09 -8.87 15.32
2013-03-31 51.24 -0.51 15.11
2012-12-31 52.25 1.17 14.51
2012-09-30 54.58 2.68 14.07
2012-06-30 54.12 2.72 13.84
2012-03-31 52.19 2.32 13.20

*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.
  • It is difficult to establish if GSE Systems has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if GSE Systems has efficiently used its assets last year compared to the US Software industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if GSE Systems improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess GSE Systems'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 Software 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.
GSE Systems has a total score of 0/6, 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.

GVP Health

 How is GSE Systems'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 GSE Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GSE Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • GSE Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of GSE Systems'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 covered by short term assets, assets are 4.4x 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 GSE Systems Company Filings, last reported 2 months ago.

NasdaqCM:GVP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 31.13 7.98 12.12
2018-09-30 30.11 9.03 9.83
2018-06-30 30.40 9.48 9.96
2018-03-31 29.36 0.00 11.76
2017-12-31 29.67 0.00 19.11
2017-09-30 22.51 0.00 15.53
2017-06-30 22.26 0.00 23.53
2017-03-31 20.95 0.00 21.63
2016-12-31 21.12 0.00 21.75
2016-09-30 20.11 0.00 14.09
2016-06-30 19.30 0.00 10.90
2016-03-31 18.81 0.00 11.23
2015-12-31 18.37 0.00 11.08
2015-09-30 18.38 0.00 12.83
2015-06-30 21.87 0.00 9.76
2015-03-31 23.09 0.00 11.59
2014-12-31 22.74 0.34 13.58
2014-09-30 24.63 0.00 17.23
2014-06-30 26.62 0.00 18.10
2014-03-31 28.55 0.00 20.76
2013-12-31 30.39 0.00 15.64
2013-09-30 30.61 0.00 17.56
2013-06-30 31.43 0.00 21.09
2013-03-31 39.93 0.00 18.71
2012-12-31 40.83 0.00 23.23
2012-09-30 41.11 0.00 21.30
2012-06-30 39.69 0.00 12.27
2012-03-31 39.66 0.00 17.19
  • GSE Systems's level of debt (25.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 25.6% today).
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.

  • Information is not available.
  • Unable to confirm if GSE Systems has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess GSE Systems'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. GSE Systems has a total score of 3/6, 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.

GVP Dividends

 What is GSE Systems'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 GSE Systems dividends.
If you bought $2,000 of GSE Systems 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 GSE Systems's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate GSE Systems'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
NasdaqCM:GVP 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 2 Analyst Estimates (S&P Global) See Below
United States of America Software Industry Average Dividend Yield Market Cap Weighted Average of 24 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

NasdaqCM:GVP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31

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

  • Unable to perform a dividend volatility check as GSE Systems has not reported any payouts.
  • Unable to verify if GSE Systems's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of GSE Systems's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as GSE Systems 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 GSE Systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 GSE Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GSE Systems 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.

GVP Management

 What is the CEO of GSE Systems'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
Kyle Loudermilk
COMPENSATION $929,557
AGE 50
TENURE AS CEO 3.6 years
CEO Bio

Mr. Kyle J. Loudermilk has been the Chief Executive Officer and President of GSE Systems Inc., since August 3, 2015. Mr. Loudermilk served as a Vice President of Product Management at Ellucian, Inc. from 2009 to 2012. He has more than 16 years of experience in helping clients to leverage technology to solve critical and complex business problems. Before coming to Datatel in March 2009, he served as a Vice President of Corporate Development from 2005 to 2009 at Microstrategy Inc., a global leader in business intelligence. He served in a number of executive and management capacities at Aspen Technology, Inc., a technology company serving petroleum, chemical, pharmaceutical and consumer goods manufacturers. He began his career at Mobil Oil Corporation as a Process/Project Engineer, based in the United States and Germany. He also has served on the Dean’s Engineering Council of the School of Engineering and Applied Science of Columbia University. Mr. Loudermilk held management roles including VP of the Design and Simulation Business Unit and VP of R&D/Operations at Aspen Technology. He has been a Director of GSE Systems Inc. since August 3, 2015. Mr. Loudermilk holds BS and MS degrees in Chemical Engineering from Columbia University and an Executive MBA from the General Management Program at Harvard Business School.

CEO Compensation
  • Kyle's compensation has been consistent with company performance over the past year.
  • Kyle's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the GSE Systems management team in years:

3.2
Average Tenure
51
Average Age
  • The tenure for the GSE Systems management team is about average.
Management Team

Kyle Loudermilk

TITLE
President
COMPENSATION
$930K
AGE
50
TENURE
3.6 yrs

Emmett Pepe

TITLE
Chief Financial Officer & Treasurer
COMPENSATION
$490K
AGE
53
TENURE
2.7 yrs

Chris Sorrells

TITLE
COO & Director
COMPENSATION
$687K
AGE
50
TENURE
3.6 yrs

Bahram Meyssami

TITLE
Chief Technology Officer
COMPENSATION
$231K
AGE
56
TENURE
3.3 yrs

Dan Pugh

TITLE
Chief Legal and Risk Officer & Corporate Secretary
AGE
51
TENURE
3.1 yrs

Gill Grady

TITLE
Senior Vice President of Marketing & Business Development
COMPENSATION
$243K
AGE
61

Ravi Khanna

TITLE
Senior Vice President of Professional Services
AGE
41
TENURE
1.1 yrs

Paul Abbott

TITLE
President of Hyperspring LLC & Absolute Consulting Inc
AGE
51
Board of Directors Tenure

Average tenure and age of the GSE Systems board of directors in years:

2.5
Average Tenure
56
Average Age
  • The average tenure for the GSE Systems board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jack Fuller

TITLE
Chairman of the Board
COMPENSATION
$43K
AGE
67
TENURE
1.2 yrs

Kyle Loudermilk

TITLE
President
COMPENSATION
$930K
AGE
50
TENURE
3.6 yrs

Chris Sorrells

TITLE
COO & Director
COMPENSATION
$687K
AGE
50
TENURE
7 yrs

Jim Stanker

TITLE
Director
COMPENSATION
$59K
AGE
60
TENURE
2.6 yrs

Suresh Sundaram

TITLE
Director
COMPENSATION
$54K
AGE
52
TENURE
2.5 yrs

James Beasley

TITLE
Director
AGE
66
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Sep 18 Sell Daniel Pugh Individual 13. Sep 18 13. Sep 18 -4,400 $3.75 $-16,496
X
Management checks
We assess GSE Systems'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. GSE Systems 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.

GVP News

Simply Wall St News

Should You Be Excited About GSE Systems Inc's (NASDAQ:GVP) 15% Return On Equity?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.15 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What Does GSE Systems Inc's (NASDAQ:GVP) Ownership Structure Look Like?

In this article, I'm going to take a look at GSE Systems Inc’s (NASDAQ:GVP) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment.

Simply Wall St -

Is GSE Systems Inc's (NASDAQ:GVP) PE Ratio A Signal To Buy For Investors?

I am writing today to help inform people who are new to the stock market. … and want to learn about the link between company’s fundamentals and stock market performance. … Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ratio might change your mind.

Simply Wall St -

What Does GSE Systems Inc's (NASDAQ:GVP) Share Price Indicate?

saw significant share price volatility over the past couple of months on the NasdaqCM, rising to the highs of $3.45 and falling to the lows of $3.1. … A question to answer is whether GSE Systems's current trading price of $3.3 reflective of the actual value of the? … Let’s take a look at GSE Systems’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

You Should Buy GSE Systems Inc (NASDAQ:GVP) Because Of These Reasons

GSE Systems Inc (NASDAQ:GVP) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … company with a

Simply Wall St -

Is GSE Systems Inc's (NASDAQ:GVP) ROE Of 18.15% Sustainable?

Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of GSE Systems’s equity capital deployed. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NasdaqCM:GVP Last Perf May 15th 18 Essentially, profit margin shows how much money the company makes after paying for all its expenses. … Currently, GSE Systems has no debt which means its returns are driven purely by equity capital.

Simply Wall St -

GVP Company Info

Description

GSE Systems, Inc. provides simulation, training, and engineering solutions to the power and process industries worldwide. It operates through two segments, Performance Improvement Solutions and Nuclear Industry Training and Consulting. The Performance Improvement Solutions segment provides various simulation products, engineering services, and operation training systems for the nuclear, fossil fuel power generation, and process industries. The Nuclear Industry Training and Consulting segment offers instructors, procedure writers, technical engineers, and other consultants for the nuclear power industry. The company markets its products and services through a network of direct sales staff, agents and representatives, and strategic alliance partners. GSE Systems, Inc. was founded in 1994 and is headquartered in Sykesville, Maryland.

Details
Name: GSE Systems, Inc.
GVP
Exchange: NasdaqCM
Founded: 1994
$54,144,371
19,833,103
Website: http://www.gses.com
Address: GSE Systems, Inc.
1332 Londontown Boulevard,
Suite 200,
Sykesville,
Maryland, 21784,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM GVP Common Stock Nasdaq Capital Market US USD 27. Jul 1995
DB GSE Common Stock Deutsche Boerse AG DE EUR 27. Jul 1995
Number of employees
Current staff
Staff numbers
447
GSE Systems employees.
Industry
Application Software
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/23 23:37
End of day share price update: 2019/03/22 00:00
Last estimates confirmation: 2019/03/15
Last earnings filing: 2019/03/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.