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DASAN Zhone Solutions

Nasdaq:DZSI
Snowflake Description

Mediocre balance sheet with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DZSI
Nasdaq
$269M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

DASAN Zhone Solutions, Inc. provides network access solutions and communications platforms for service provider and enterprise networks worldwide. The last earnings update was 37 days ago. More info.


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DZSI Share Price and Events
7 Day Returns
-3.9%
NasdaqCM:DZSI
-2%
US Communications
0.5%
US Market
1 Year Returns
27.7%
NasdaqCM:DZSI
12.2%
US Communications
0.8%
US Market
DZSI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
DASAN Zhone Solutions (DZSI) -3.9% 23.8% 9.8% 27.7% 127.5% -23.9%
US Communications -2% 2.4% -0.8% 12.2% 71.1% 83.2%
US Market 0.5% 0.2% 1.1% 0.8% 37.4% 37.5%
1 Year Return vs Industry and Market
  • DZSI outperformed the Communications industry which returned 12.2% over the past year.
  • DZSI outperformed the Market in United States of America which returned 0.8% over the past year.
Price Volatility
DZSI
Industry
5yr Volatility vs Market

DZSI Value

 Is DASAN Zhone Solutions 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 DASAN Zhone Solutions 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 DASAN Zhone Solutions.

NasdaqCM:DZSI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.1%
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:DZSI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.095 (1 + (1- 21%) (28.95%))
1.231
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.231 * 5.96%)
10.07%

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

The calculations below outline how an intrinsic value for DASAN Zhone Solutions 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:DZSI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.07%)
2019 14.45 Analyst x1 13.13
2020 17.07 Analyst x1 14.09
2021 19.19 Est @ 12.43% 14.39
2022 21.01 Est @ 9.52% 14.32
2023 22.58 Est @ 7.48% 13.98
2024 23.95 Est @ 6.06% 13.47
2025 25.16 Est @ 5.06% 12.86
2026 26.26 Est @ 4.36% 12.19
2027 27.28 Est @ 3.87% 11.50
2028 28.24 Est @ 3.53% 10.82
Present value of next 10 years cash flows $130.73
NasdaqCM:DZSI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $28.24 × (1 + 2.73%) ÷ (10.07% – 2.73%)
$395.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $395.26 ÷ (1 + 10.07%)10
$151.43
NasdaqCM:DZSI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $130.73 + $151.43
$282.16
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $282.16 / 20.71
$13.62
NasdaqCM:DZSI Discount to Share Price
Calculation Result
Value per share (USD) From above. $13.62
Current discount Discount to share price of $12.97
= -1 x ($12.97 - $13.62) / $13.62
4.8%

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

Current Discount
Amount off the current price DASAN Zhone Solutions is available for.
Intrinsic value
5%
Share price is $12.97 vs Future cash flow value of $13.62
Current Discount Checks
For DASAN Zhone Solutions to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • DASAN Zhone Solutions's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • DASAN Zhone Solutions's share price is below the future cash flow value, but not 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 DASAN Zhone Solutions's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are DASAN Zhone Solutions's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:DZSI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.06
NasdaqCM:DZSI Share Price ** NasdaqCM (2019-06-14) in USD $12.97
United States of America Communications Industry PE Ratio Median Figure of 36 Publicly-Listed Communications Companies 27.2x
United States of America Market PE Ratio Median Figure of 3,091 Publicly-Listed Companies 17.68x

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

** Primary Listing of DASAN Zhone Solutions.

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

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

= 12.97 ÷ 0.06

209.73x

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

  • DASAN Zhone Solutions is overvalued based on earnings compared to the US Communications industry average.
  • DASAN Zhone Solutions is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does DASAN Zhone Solutions's expected growth come at a high price?
Raw Data
NasdaqCM:DZSI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 209.73x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
Not available
United States of America Communications Industry PEG Ratio Median Figure of 21 Publicly-Listed Communications Companies 1.19x
United States of America Market PEG Ratio Median Figure of 2,125 Publicly-Listed Companies 1.52x

*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 DASAN Zhone Solutions, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on DASAN Zhone Solutions's assets?
Raw Data
NasdaqCM:DZSI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $4.54
NasdaqCM:DZSI Share Price * NasdaqCM (2019-06-14) in USD $12.97
United States of America Communications Industry PB Ratio Median Figure of 70 Publicly-Listed Communications Companies 1.84x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NasdaqCM:DZSI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 12.97 ÷ 4.54

2.86x

* Primary Listing of DASAN Zhone Solutions.

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

  • DASAN Zhone Solutions is overvalued based on assets compared to the US Communications industry average.
X
Value checks
We assess DASAN Zhone Solutions'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 Communications 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 Communications industry average (and greater than 0)? (1 check)
  5. DASAN Zhone Solutions has a total score of 0/6, 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.

DZSI Future Performance

 How is DASAN Zhone Solutions expected to perform in the next 1 to 3 years based on estimates from 3 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
13.9%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is DASAN Zhone Solutions expected to grow at an attractive rate?
  • Unable to compare DASAN Zhone Solutions's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare DASAN Zhone Solutions's earnings growth to the United States of America market average as no estimate data is available.
  • DASAN Zhone Solutions's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:DZSI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:DZSI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 13.9%
United States of America Communications Industry Earnings Growth Rate Market Cap Weighted Average 16%
United States of America Communications Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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:DZSI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:DZSI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 389 2
2019-12-31 353 3
NasdaqCM:DZSI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 297 -4 1
2018-12-31 282 -12 3
2018-09-30 276 -13 8
2018-06-30 271 -7 7
2018-03-31 255 -11 5
2017-12-31 247 2 1
2017-09-30 238 -10 -9
2017-06-30 203 -4 -16
2017-03-31 177 10 -15
2016-12-31 150 3 -15
2016-09-30 137 25 -7
2016-06-30 128 -5 -6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if DASAN Zhone Solutions is high growth as no earnings estimate data is available.
  • DASAN Zhone Solutions's revenue is expected to grow by 13.9% yearly, however this is not considered high growth (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:DZSI 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 3 Analyst Estimates (S&P Global) See Below

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

NasdaqCM:DZSI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31
2019-12-31
NasdaqCM:DZSI Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.06
2018-12-31 0.17
2018-09-30 0.46
2018-06-30 0.44
2018-03-31 0.30
2017-12-31 0.07
2017-09-30 -0.57
2017-06-30 -1.03
2017-03-31 -1.15
2016-12-31 -1.32
2016-09-30 -0.75
2016-06-30 -0.08

*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.
  • Unable to establish if DASAN Zhone Solutions will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess DASAN Zhone Solutions'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.
DASAN Zhone Solutions has a total score of 1/6, 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.

DZSI Past Performance

  How has DASAN Zhone Solutions 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 DASAN Zhone Solutions's growth in the last year to its industry (Communications).
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.
  • DASAN Zhone Solutions has delivered over 20% year on year earnings growth in the past 5 years.
  • DASAN Zhone Solutions's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • DASAN Zhone Solutions's 1-year earnings growth is negative, it can't be compared to the US Communications industry average.
Earnings and Revenue History
DASAN Zhone Solutions'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 DASAN Zhone Solutions Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:DZSI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 296.93 1.02 49.66 36.51
2018-12-31 282.35 2.77 46.92 35.31
2018-09-30 276.30 7.55 46.00 34.32
2018-06-30 270.82 7.15 46.56 34.61
2018-03-31 254.51 4.93 46.15 35.68
2017-12-31 247.11 1.07 44.64 36.08
2017-09-30 237.96 -9.42 42.48 37.28
2017-06-30 202.77 -15.55 39.10 34.22
2017-03-31 177.08 -15.31 32.69 30.10
2016-12-31 150.30 -15.33 26.45 25.78
2016-09-30 136.69 -7.47 21.77 20.37
2016-06-30 128.04 -5.51 17.42 19.34
2016-03-31 125.81 -7.49 17.96 20.23
2015-12-31 139.20 -3.34 17.53 21.33
2014-12-31 139.39 1.84 14.83 22.81
2013-12-31 118.21 6.51 14.02 18.77

*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.
  • DASAN Zhone Solutions has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • DASAN Zhone Solutions used its assets less efficiently than the US Communications industry average last year based on Return on Assets.
  • DASAN Zhone Solutions has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess DASAN Zhone Solutions'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 Communications 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.
DASAN Zhone Solutions has a total score of 2/6, 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.

DZSI Health

 How is DASAN Zhone Solutions'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 DASAN Zhone Solutions's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • DASAN Zhone Solutions is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • DASAN Zhone Solutions's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of DASAN Zhone Solutions'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.1x 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 DASAN Zhone Solutions Company Filings, last reported 2 months ago.

NasdaqCM:DZSI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 76.10 77.76 20.87
2018-12-31 77.85 45.90 27.71
2018-09-30 77.77 42.32 20.03
2018-06-30 74.27 52.47 27.31
2018-03-31 75.01 46.45 23.16
2017-12-31 73.77 29.58 17.48
2017-09-30 66.36 26.93 10.15
2017-06-30 65.04 27.00 9.90
2017-03-31 66.52 31.50 17.54
2016-12-31 66.87 24.40 18.89
2016-09-30 77.58 26.94 34.38
2016-06-30 38.83 23.28 8.94
2016-03-31 38.89 25.14 3.27
2015-12-31 41.47 21.85 9.10
2014-12-31 48.63 23.15 7.15
2013-12-31
  • DASAN Zhone Solutions's level of debt (72.8%) compared to net worth is high (greater than 40%).
  • Unable to establish if DASAN Zhone Solutions's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Interest payments on debt are well covered by earnings (EBIT is 3.8x coverage).
X
Financial health checks
We assess DASAN Zhone Solutions'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. DASAN Zhone Solutions 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.

DZSI Dividends

 What is DASAN Zhone Solutions'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 DASAN Zhone Solutions dividends.
If you bought $2,000 of DASAN Zhone Solutions 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 DASAN Zhone Solutions's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate DASAN Zhone Solutions'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:DZSI 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 3 Analyst Estimates (S&P Global) See Below
United States of America Communications Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
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:DZSI 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 DASAN Zhone Solutions has not reported any payouts.
  • Unable to verify if DASAN Zhone Solutions's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of DASAN Zhone Solutions's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as DASAN Zhone Solutions 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 DASAN Zhone Solutions's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 DASAN Zhone Solutions afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. DASAN Zhone Solutions 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.

DZSI Management

 What is the CEO of DASAN Zhone Solutions'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
Il Kim
COMPENSATION $905,473
AGE 62
TENURE AS CEO 1.8 years
CEO Bio

Mr. Il Yung Kim has been Chief Executive Officer and President at DASAN Zhone Solutions, Inc. since September 11, 2017. Mr. Kim served as Co-Chief Executive Officer at DASAN Zhone Solutions, Inc. since September 09, 2016 until September 11, 2017. He was Acting Chief Financial Officer at DASAN Zhone Solutions, Inc. since September 11, 2017. He served as a consultant to DASAN in connection with the merger from September 2014 to August 2016, served as Chief Executive Officer of tuktak in Korea. He also served as a Strategic Advisor for inmobi since December 2014. previously, he held various positions with Korea telecom, including as president and executive board member from 2013 to January 2014 and as chief strategy officer from 2010 to 2013. He commenced his career with British telecom in 1982, where he held various senior positions including Vice President of technology and innovation and programme director and head of technology and investment. He has been Director at DASAN Zhone Solutions, Inc since September 09, 2016. He holds a B.E. in Electrical and Electronic Engineering from university college London and an M.S. in Microwave Engineering and Modern Optics from the university of London.

CEO Compensation
  • Il's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Il's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the DASAN Zhone Solutions management team in years:

1.5
Average Tenure
51
Average Age
  • The average tenure for the DASAN Zhone Solutions management team is less than 2 years, this suggests a new team.
Management Team

Il Kim

TITLE
CEO, President & Director
COMPENSATION
$905K
AGE
62
TENURE
1.8 yrs

Michael Golomb

TITLE
CFO, Corporate Treasurer & Secretary
COMPENSATION
$563K
AGE
43
TENURE
1.5 yrs

Philip Yim

TITLE
Chief Operating Officer
COMPENSATION
$610K
AGE
56
TENURE
0.8 yrs

Seung-Dong Lee

TITLE
Global Chief Technology Officer
COMPENSATION
$637K
AGE
49
TENURE
2 yrs

Pei-Hua Hung

TITLE
Vice President of Finance & Investor Relations
TENURE
1.4 yrs

Alex Yastremski

TITLE
General Counsel

Jun-Sick Bahk

TITLE
Senior Vice President of Global Sales
AGE
51

Laura Larsen-Misunas

TITLE
Vice President of Human Resources

Michael Fischer

TITLE
Senior Vice President of Sales - Americas
COMPENSATION
$323K

Keith Nauman

TITLE
Senior Vice President Quality & Service
Board of Directors Tenure

Average tenure and age of the DASAN Zhone Solutions board of directors in years:

2.8
Average Tenure
59
Average Age
  • The average tenure for the DASAN Zhone Solutions board of directors is less than 3 years, this suggests a new board.
Board of Directors

Min Nam

TITLE
Chairman of the Board
COMPENSATION
$100K
AGE
56
TENURE
2.8 yrs

Il Kim

TITLE
CEO, President & Director
COMPENSATION
$905K
AGE
62
TENURE
2.8 yrs

Seong-Gyun Kim

TITLE
Director
COMPENSATION
$105K
AGE
52
TENURE
2.8 yrs

Michael Connors

TITLE
Director
COMPENSATION
$115K
AGE
76
TENURE
15.6 yrs

Rolf Unterberger

TITLE
Director
COMPENSATION
$75K
AGE
52
TENURE
1.2 yrs

Dave Schopp

TITLE
Director
COMPENSATION
$39K
AGE
69
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by DASAN Zhone Solutions insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
21. May 19 Buy Mikhail Golomb Individual 20. May 19 20. May 19 10,256 $9.75 $99,996
11. Sep 18 Sell Michael Connors Individual 10. Sep 18 10. Sep 18 -3,333 $10.24 $-34,130
X
Management checks
We assess DASAN Zhone Solutions'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. DASAN Zhone Solutions 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.

DZSI News

Simply Wall St News

Is DASAN Zhone Solutions Inc's (NASDAQ:DZSI) ROE Of 9.5% Sustainable?

We'll use ROE to examine DASAN Zhone Solutions Inc (NASDAQ:DZSI), by way of a worked example. … Over the last twelve months DASAN Zhone Solutions has recorded a ROE of 9.5%. … View our latest analysis for DASAN Zhone Solutions?

Simply Wall St -

Is DASAN Zhone Solutions Inc's (NASDAQ:DZSI) Balance Sheet Strong Enough To Weather A Storm?

While small-cap stocks, such as DASAN Zhone Solutions Inc (NASDAQ:DZSI) with its market cap of US$167.5m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

DASAN Zhone Solutions Inc (NASDAQ:DZSI): Why Return On Capital Employed Is Important

and looking to gauge the potential return on investment in DASAN Zhone Solutions Inc (NASDAQ:DZSI). … Therefore, looking at how efficiently DASAN Zhone Solutions is able to use capital to create earnings will help us understand your potential return. … DASAN Zhone Solutions's Return On Capital Employed

Simply Wall St -

Should You Be Holding DASAN Zhone Solutions Inc (NASDAQ:DZSI) Right Now?

If you are looking to invest in DASAN Zhone Solutions Inc’s (NASDAQ:DZSI), or currently own the stock, then you need to understand its beta in order to understand how it can affect the risk of your portfolio. … The second risk is market-wide, which arises from investing in the stock market. … A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one.

Simply Wall St -

What Is DASAN Zhone Solutions Inc's (NASDAQ:DZSI) Share Price Doing?

DASAN Zhone Solutions Inc (NASDAQ:DZSI), a communications company based in United States,. … A question to answer is whether DASAN Zhone Solutions's current trading price of $10.22 reflective of the actual value of the? … Let’s take a look at DASAN Zhone Solutions’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 -

Is DASAN Zhone Solutions Inc's (NASDAQ:DZSI) PE Ratio A Signal To Sell For Investors?

and want to better understand how you can grow your money by investing in DASAN Zhone Solutions Inc (NASDAQ:DZSI). … DASAN Zhone Solutions Inc (NASDAQ:DZSI) is trading with a trailing P/E of 33.2x, which is higher than the industry average of 31x. … While this makes DZSI appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio

Simply Wall St -

What Investors Should Know About DASAN Zhone Solutions Inc's (NASDAQ:DZSI) Financial Strength

With this increase in debt, the current cash and short-term investment levels stands at US$17.48M , ready to deploy into the business. … Additionally, DZSI has generated US$1.90M in operating cash flow during the same period of time, leading to an operating cash to total debt ratio of 6.43%, indicating that DZSI’s operating cash is not sufficient to cover its debt. … In DZSI's case, the ratio of 3.96x suggests that interest is appropriately covered, which means that lenders may be less hesitant to lend out more funding as DZSI’s high interest coverage is seen as responsible and safe practice.Next Steps: At its current level of cash flow coverage, DZSI has room for improvement to better cushion for events which may require debt repayment.

Simply Wall St -

What Does DASAN Zhone Solutions Inc's (NASDAQ:DZSI) Share Price Indicate?

DASAN Zhone Solutions Inc (NASDAQ:DZSI), a communications company based in United States, saw a double-digit share price rise of over 10% in the past couple of months on the NasdaqCM. … Check out our latest analysis for DASAN Zhone Solutions What's the opportunity in DASAN Zhone Solutions? … Since DASAN Zhone Solutions’s share price is quite volatile, this could mean it can sink lower (or rise even further) in the future, giving us another chance to invest.

Simply Wall St -

With An ROE Of 1.59%, Can DASAN Zhone Solutions Inc (NASDAQ:DZSI) Catch Up To The Industry?

See our latest analysis for DASAN Zhone Solutions Peeling the layers of ROE – trisecting a company’s profitability Return on Equity (ROE) weighs DASAN Zhone Solutions’s profit against the level of its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is measured against cost of equity in order to determine the efficiency of DASAN Zhone Solutions’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:DZSI Last Perf Apr 2nd 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

Is It Time To Sell DASAN Zhone Solutions Inc (NASDAQ:DZSI) Based Off Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for DZSI Price per share = $10.29 Earnings per share = $0.065 ∴ Price-Earnings Ratio = $10.29 ÷ $0.065 = 157.4x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you inadvertently compared riskier firms with DZSI, then investors would naturally value DZSI at a higher price since it is a less risky investment. … Similarly, if you accidentally compared lower growth firms with DZSI, investors would also value DZSI at a higher price since it is a higher growth investment.

Simply Wall St -

DZSI Company Info

Description

DASAN Zhone Solutions, Inc. provides network access solutions and communications platforms for service provider and enterprise networks worldwide. It offers broadband access products, including customer premise equipment, such as digital subscriber line (DSL) modems; Ethernet access demarcation devices; and gigabit passive optical network (GPON) and 10G point-to-point active Ethernet optical network terminals. The company also provides central office products, such as broadband loop carriers for DSL and voice-grade telephone service; DSL access multiplexers (DSLAMs); optical line terminals for passive optical distribution networks like GPONs; and 10G passive optical networks and 10G point-to-point active Ethernet. In addition, it offers Ethernet switching products; mobile backhaul products comprising standard Ethernet/IP or multiprotocol label switching interfaces; software defined networks and network function virtualization tools and building blocks; and passive optical LAN products consisting of integrated power over Ethernet units, as well as broadband copper access based on very-high-bit-rate DSL and G. fast technology. The company was formerly known as Zhone Technologies, Inc. and changed its name to DASAN Zhone Solutions, Inc. as a result of merger with Dasan Network Solutions, Inc. in September 2016. The company was incorporated in 1999 and is headquartered in Oakland, California. DASAN Zhone Solutions, Inc. is a subsidiary of DASAN Networks, Inc.

Details
Name: DASAN Zhone Solutions, Inc.
DZSI
Exchange: NasdaqCM
Founded: 1999
$268,605,094
20,709,722
Website: http://www.dasanzhone.com
Address: DASAN Zhone Solutions, Inc.
7195 Oakport Street,
Oakland,
California, 94621,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM DZSI Common Stock Nasdaq Capital Market US USD 03. Dec 2007
DB TLFP Common Stock Deutsche Boerse AG DE EUR 03. Dec 2007
Number of employees
Current staff
Staff numbers
670
DASAN Zhone Solutions employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/16 00:46
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/28
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
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.