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Gilat Satellite Networks

Nasdaq:GILT
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GILT
Nasdaq
$465M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions and services in Israel, Latin America, Asia, the Asia Pacific, North America, Africa, Europe, and CIS countries. The last earnings update was 67 days ago. More info.


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GILT Share Price and Events
7 Day Returns
-4.1%
NasdaqGS:GILT
-0.6%
US Communications
-1.2%
US Market
1 Year Returns
-4.3%
NasdaqGS:GILT
22.7%
US Communications
3.4%
US Market
GILT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gilat Satellite Networks (GILT) -4.1% -1.4% -4.5% -4.3% 85.3% 80.2%
US Communications -0.6% 2.6% -1.7% 22.7% 71.4% 88.6%
US Market -1.2% 1.2% 1.7% 3.4% 35.5% 41.6%
1 Year Return vs Industry and Market
  • GILT underperformed the Communications industry which returned 22.7% over the past year.
  • GILT underperformed the Market in United States of America which returned 3.4% over the past year.
Price Volatility
GILT
Industry
5yr Volatility vs Market

Value

 Is Gilat Satellite Networks 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 Gilat Satellite Networks 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 Gilat Satellite Networks.

NasdaqGS:GILT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.1%
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 NasdaqGS:GILT
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 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.083 (1 + (1- 23%) (2.89%))
1.072
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.072 * 5.96%)
9.12%

Discounted Cash Flow Calculation for NasdaqGS:GILT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gilat Satellite Networks 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.

NasdaqGS:GILT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.12%)
2020 4.05 Est @ -29.35% 3.71
2021 3.25 Est @ -19.73% 2.73
2022 2.83 Est @ -12.99% 2.18
2023 2.59 Est @ -8.27% 1.83
2024 2.47 Est @ -4.97% 1.59
2025 2.40 Est @ -2.66% 1.42
2026 2.37 Est @ -1.04% 1.29
2027 2.38 Est @ 0.09% 1.18
2028 2.40 Est @ 0.88% 1.09
2029 2.43 Est @ 1.44% 1.02
Present value of next 10 years cash flows $18.05
NasdaqGS:GILT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $2.43 × (1 + 2.73%) ÷ (9.12% – 2.73%)
$39.12
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $39.12 ÷ (1 + 9.12%)10
$16.35
NasdaqGS:GILT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $18.05 + $16.35
$34.40
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $34.40 / 55.44
$0.62
NasdaqGS:GILT Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.62
Current discount Discount to share price of $8.40
= -1 x ($8.40 - $0.62) / $0.62
-1253.1%

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

  • The current share price of Gilat Satellite Networks is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Gilat Satellite Networks's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gilat Satellite Networks's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:GILT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.34
NasdaqGS:GILT Share Price ** NasdaqGS (2019-07-19) in USD $8.4
United States of America Communications Industry PE Ratio Median Figure of 36 Publicly-Listed Communications Companies 29.41x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 17.88x

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

** Primary Listing of Gilat Satellite Networks.

NasdaqGS:GILT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:GILT Share Price ÷ EPS (both in USD)

= 8.4 ÷ 0.34

24.42x

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

  • Gilat Satellite Networks is good value based on earnings compared to the US Communications industry average.
  • Gilat Satellite Networks is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Gilat Satellite Networks's expected growth come at a high price?
Raw Data
NasdaqGS:GILT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
2.1%per year
United States of America Communications Industry PEG Ratio Median Figure of 22 Publicly-Listed Communications Companies 1.35x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*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 Gilat Satellite Networks, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gilat Satellite Networks's assets?
Raw Data
NasdaqGS:GILT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $3.98
NasdaqGS:GILT Share Price * NasdaqGS (2019-07-19) in USD $8.4
United States of America Communications Industry PB Ratio Median Figure of 70 Publicly-Listed Communications Companies 1.88x
United States of America Market PB Ratio Median Figure of 5,245 Publicly-Listed Companies 1.79x
NasdaqGS:GILT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:GILT Share Price ÷ Book Value per Share (both in USD)

= 8.4 ÷ 3.98

2.11x

* Primary Listing of Gilat Satellite Networks.

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

  • Gilat Satellite Networks is overvalued based on assets compared to the US Communications industry average.
X
Value checks
We assess Gilat Satellite Networks'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. Gilat Satellite Networks has a total score of 1/6, 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.

Future Performance

 How is Gilat Satellite Networks expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Gilat Satellite Networks, future earnings growth has been estimated based on fundamentals.
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
2.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gilat Satellite Networks expected to grow at an attractive rate?
  • Gilat Satellite Networks's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Gilat Satellite Networks's earnings growth is positive but not above the United States of America market average.
  • Unable to compare Gilat Satellite Networks's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:GILT Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:GILT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 2.1%
United States of America Communications Industry Earnings Growth Rate Market Cap Weighted Average 16.5%
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 7.4%

*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
NasdaqGS:GILT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:GILT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 261 12 19
2018-12-31 266 32 18
2018-09-30 279 45 17
2018-06-30 286 35 10
2018-03-31 286 61 10
2017-12-31 283 -17 7
2017-09-30 280 49 8
2017-06-30 289 53 4
2017-03-31 291 39 -2
2016-12-31 280 -37 -5
2016-09-30 267 4 -15
2016-06-30 229 -6 -45

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gilat Satellite Networks's earnings are expected to grow by 2.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Gilat Satellite Networks is high growth as no revenue estimate data is available.
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
NasdaqGS:GILT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Gilat Satellite Networks Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:GILT Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.34
2018-12-31 0.34
2018-09-30 0.30
2018-06-30 0.18
2018-03-31 0.18
2017-12-31 0.12
2017-09-30 0.15
2017-06-30 0.07
2017-03-31 -0.04
2016-12-31 -0.10
2016-09-30 -0.31
2016-06-30 -0.96

*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 Gilat Satellite Networks will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Gilat Satellite Networks'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.
Gilat Satellite Networks has a total score of 0/6, 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.

Past Performance

  How has Gilat Satellite Networks 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 Gilat Satellite Networks'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.
  • Gilat Satellite Networks has delivered over 20% year on year earnings growth in the past 5 years.
  • Gilat Satellite Networks's 1-year earnings growth exceeds its 5-year average (91.2% vs 46.1%)
  • Gilat Satellite Networks's earnings growth has exceeded the US Communications industry average in the past year (91.2% vs 14.9%).
Earnings and Revenue History
Gilat Satellite Networks'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 Gilat Satellite Networks Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:GILT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 261.13 18.92 40.80 33.35
2018-12-31 266.39 18.41 39.73 33.02
2018-09-30 279.31 16.52 42.45 32.26
2018-06-30 286.47 9.92 41.65 30.99
2018-03-31 286.20 9.90 42.75 29.29
2017-12-31 282.76 6.80 43.62 28.01
2017-09-30 280.45 7.93 39.04 26.32
2017-06-30 289.16 3.68 46.43 25.84
2017-03-31 290.82 -2.10 46.54 25.76
2016-12-31 279.55 -5.34 49.88 24.85
2016-09-30 266.89 -15.12 48.18 22.10
2016-06-30 228.59 -45.12 41.86 21.65
2016-03-31 205.02 -50.55 42.17 21.87
2015-12-31 197.54 -52.13 42.67 22.41
2015-09-30 202.96 -44.45 48.10 24.81
2015-06-30 219.75 -11.32 48.06 24.71
2015-03-31 229.47 -3.67 49.69 24.62
2014-12-31 235.13 -0.70 53.44 25.16
2014-09-30 162.57 -2.34 39.65 26.51
2014-06-30 212.43 -10.72 55.53 27.16
2014-03-31 202.89 -9.86 50.65 27.49
2013-12-31 234.87 -9.58 55.29 27.90
2013-09-30 331.76 -34.68 76.42 27.73
2013-06-30 349.47 -27.31 77.26 28.26
2013-03-31 354.58 -22.49 76.84 28.78
2012-12-31 271.57 -20.92 58.61 29.24
2012-09-30 344.54 -10.42 76.26 30.26

*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.
  • Gilat Satellite Networks has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Gilat Satellite Networks used its assets more efficiently than the US Communications industry average last year based on Return on Assets.
  • Gilat Satellite Networks 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 Gilat Satellite Networks'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.
Gilat Satellite Networks has a total score of 5/6, 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.

Health

 How is Gilat Satellite Networks'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 Gilat Satellite Networks's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gilat Satellite Networks is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gilat Satellite Networks's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Gilat Satellite Networks'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 28.8x 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 Gilat Satellite Networks Company Filings, last reported 3 months ago.

NasdaqGS:GILT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 219.58 8.43 69.11
2018-12-31 239.07 12.56 67.38
2018-09-30 233.55 12.68 59.83
2018-06-30 223.14 12.80 57.01
2018-03-31 222.43 13.09 78.93
2017-12-31 218.32 17.06 52.96
2017-09-30 214.51 17.17 77.23
2017-06-30 212.66 17.28 78.83
2017-03-31 210.26 17.33 65.08
2016-12-31 209.83 21.55 40.13
2016-09-30 205.69 21.67 53.44
2016-06-30 206.64 21.81 50.76
2016-03-31 191.03 26.24 33.16
2015-12-31 178.08 33.04 18.44
2015-09-30 183.23 35.36 27.72
2015-06-30 215.04 35.59 25.60
2015-03-31 219.67 31.12 30.37
2014-12-31 225.14 46.72 27.73
2014-09-30 222.63 44.64 24.64
2014-06-30 223.97 39.07 33.40
2014-03-31 224.21 33.41 48.58
2013-12-31 226.03 35.92 58.42
2013-09-30 232.73 39.42 53.91
2013-06-30 236.09 45.75 65.84
2013-03-31 240.17 47.63 71.52
2012-12-31 241.96 52.23 66.97
2012-09-30 264.36 68.13 61.03
  • Gilat Satellite Networks's level of debt (3.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (14.9% vs 3.8% today).
  • Debt is well covered by operating cash flow (140.6%, greater than 20% of total debt).
  • Gilat Satellite Networks earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Gilat Satellite Networks'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. Gilat Satellite Networks has a total score of 6/6, 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.

Dividends

 What is Gilat Satellite Networks'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
5.36%
Current annual income from Gilat Satellite Networks dividends.
If you bought $2,000 of Gilat Satellite Networks shares you are expected to receive $107 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?
  • Gilat Satellite Networks's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Gilat Satellite Networks's dividend is above the markets top 25% of dividend payers in United States of America (3.76%).
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
NasdaqGS:GILT 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 0 Analyst Estimates (S&P Global) See Below
United States of America Communications Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2016 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

NasdaqGS:GILT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-18 0.450 5.242

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

  • It is too early to tell whether Gilat Satellite Networks has stable dividend payments.
  • Gilat Satellite Networks only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Gilat Satellite Networks's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
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 Gilat Satellite Networks'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 Gilat Satellite Networks afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gilat Satellite Networks has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Gilat Satellite Networks'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
Yona Ovadia
COMPENSATION $920,176
AGE 60
TENURE AS CEO 3.3 years
CEO Bio

Mr. Yona Ovadia has been Chief Executive Officer of Gilat Satellite Networks Ltd. since March 31, 2016 and served as its Vice President of Services and Commercial Divisions since October 2015 until March 31, 2016. Mr. Ovadia joined Gilat Satellite Networks Ltd. in March 2015 in the Services Division. Mr. Ovadia served as Group President & Head of Services Group at Amdocs since 2013. From 2010 to 2013, He served as Head of Delivery & Managed Services at Amdocs Ltd. and served in various executive positions at Amdocs, mainly in the areas of services and managed services, with a position of management member since 1997. He serves as a Member of Advisory Board of REAN Cloud LLC. Mr. Ovadia holds a B.Sc. in Math and Computer Science from Tel Aviv University.

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

Average tenure and age of the Gilat Satellite Networks management team in years:

3.7
Average Tenure
53
Average Age
  • The tenure for the Gilat Satellite Networks management team is about average.
Management Team

Yona Ovadia

TITLE
Chief Executive Officer
COMPENSATION
$920K
AGE
60
TENURE
3.3 yrs

Adi Sfadia

TITLE
Chief Financial Officer
COMPENSATION
$438K
AGE
49
TENURE
3.7 yrs

Yuval Shani

TITLE
Chief Operating Officer
COMPENSATION
$472K
AGE
53
TENURE
1.9 yrs

Yael Shofar

TITLE
General Counsel & Corporate Secretary

Yossi Gal

TITLE
Vice President of Sales Operations & Information Technologies
AGE
58
TENURE
8.3 yrs

Nirit Barnea

TITLE
Vice President of Human Resources
AGE
51
TENURE
4.1 yrs
Board of Directors Tenure

Average tenure and age of the Gilat Satellite Networks board of directors in years:

4.6
Average Tenure
57
Average Age
  • The tenure for the Gilat Satellite Networks board of directors is about average.
Board of Directors

Dov Baharav

TITLE
Chairman of the Board
COMPENSATION
$486K
AGE
69
TENURE
5.2 yrs

Ami Boehm

TITLE
Independent Director
AGE
48
TENURE
6.6 yrs

Ishay Davidi

TITLE
Director
AGE
57
TENURE
6.6 yrs

Amir Ofek

TITLE
Independent Director
AGE
43
TENURE
4.6 yrs

Dafna Cohen

TITLE
External Independent Director
AGE
49
TENURE
4.6 yrs

Lonny Rafaeli

TITLE
Independent Director
AGE
65
TENURE
3.2 yrs

Homi Shamir

TITLE
Independent Director
AGE
68
TENURE
3.2 yrs

Dafna Sharir

TITLE
Independent Director
AGE
51
TENURE
3.2 yrs

Elyezer Shkedy

TITLE
External Director
AGE
62
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Gilat Satellite Networks'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. Gilat Satellite Networks 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.

News

Simply Wall St News

Gilat Satellite Networks Ltd. (NASDAQ:GILT) Earns A Nice Return On Capital Employed

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Gilat Satellite Networks: 0.094 = US$22m ÷ (US$395m - US$161m) (Based on the trailing twelve months to March 2019.) Therefore, Gilat Satellite Networks has an ROCE of 9.4%. … Gilat Satellite Networks's Current Liabilities And Their Impact On Its ROCE Liabilities, such as supplier bills and bank overdrafts, are referred to as current liabilities if they need to be paid within 12 months. … Gilat Satellite Networks has a medium level of current liabilities, which would boost its ROCE somewhat.

Simply Wall St -

With EPS Growth And More, Gilat Satellite Networks (NASDAQ:GILT) Is Interesting

So if you're like me, you might be more interested in profitable, growing companies, like Gilat Satellite Networks (NASDAQ:GILT). … I discovered that the median total compensation for the CEOs of companies like Gilat Satellite Networks with market caps between US$200m and US$800m is about US$1.7m. … Although Gilat Satellite Networks certainly looks good to me, I would like it more if insiders were buying up shares.

Simply Wall St -

Gilat Satellite Networks Ltd. (NASDAQ:GILT): The Best Of Both Worlds

In the case of Gilat Satellite Networks Ltd. … is a company with great financial health as well as a. … For those interested in understanding where the figures come from and want to see the analysis,

Simply Wall St -

Why Gilat Satellite Networks Ltd.'s (NASDAQ:GILT) CEO Pay Matters To You

How Does Yona Ovadia's Compensation Compare With Similar Sized Companies. … is worth US$462m, and total annual CEO compensation is US$883k. … While this analysis focuses on total compensation, it's worth noting the salary is lower, valued at US$369k

Simply Wall St -

Evaluating Gilat Satellite Networks Ltd.’s (NASDAQ:GILT) Investments In Its Business

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Here's What Gilat Satellite Networks Ltd.'s (NASDAQ:GILT) P/E Is Telling Us

We'll look at Gilat Satellite Networks Ltd.'s (NASDAQ:GILT) P/E ratio and reflect on what it tells us about the company's share price. … Based on the last twelve months, Gilat Satellite Networks's P/E ratio is 29.54. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What Kind Of Shareholders Own Gilat Satellite Networks Ltd. (NASDAQ:GILT)?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Gilat Satellite Networks is a smaller company with a market capitalization of US$481m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Taking A Look At Gilat Satellite Networks Ltd's (NASDAQ:GILT) ROE

Our data shows Gilat Satellite Networks has a return on equity of 7.1% for the last year. … That means that for every $1 worth of shareholders' equity, it generated $0.071 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Why Gilat Satellite Networks Ltd's (NASDAQ:GILT) High P/E Ratio Isn't Necessarily A Bad Thing

We'll show how you can use Gilat Satellite Networks Ltd's (NASDAQ:GILT) P/E ratio to inform your assessment of the investment opportunity. … Gilat Satellite Networks has a price to earnings ratio of 54.13, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Gilat Satellite Networks Ltd (NASDAQ:GILT): What Does It Mean For Your Portfolio?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Company Info

Description

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions and services in Israel, Latin America, Asia, the Asia Pacific, North America, Africa, Europe, and CIS countries. It operates through three segments: Fixed Networks, Mobility Solutions, and Terrestrial Infrastructure Projects. The company designs and manufactures ground-based satellite communications equipment; and provides solutions and end-to-end services. Its portfolio consists of very small aperture terminals, amplifiers, modems, on-the-move antennas, solid state amplifiers, block upconverters, low-profile antennas, and on-the-move/on-the-pause terminals. In addition, the company offers various solutions, including managed satellite network services, network planning and optimization, satellite capacity, remote network operation, call center support, hub and field operations, and communication networks construction and installation services. Further, it provides connectivity services, Internet access, and telephony services to enterprise, government, and residential customers; and builds telecommunication infrastructure using fiber-optic and wireless technologies for broadband connectivity. Gilat Satellite Networks Ltd. sells its products and solutions to communication service providers and operators, mobile network operators, telecommunication companies, and system integrators, as well as to defense and homeland security organizations, and directly to end-users. The company was founded in 1987 and is headquartered in Petah Tikva, Israel.

Details
Name: Gilat Satellite Networks Ltd.
GILT
Exchange: NasdaqGS
Founded: 1987
$465,429,738
55,441,303
Website: http://www.gilat.com
Address: Gilat Satellite Networks Ltd.
Gilat House,
21 Yegia Kapayim Street,
Petah Tikva,
4913020,
Israel
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS GILT Ordinary Shares Nasdaq Global Select US USD 26. Mar 1993
DB GSA Ordinary Shares Deutsche Boerse AG DE EUR 26. Mar 1993
TASE GILT Ordinary Shares The Tel-Aviv Stock Exchange IL ILS 26. Mar 1993
Number of employees
Current staff
Staff numbers
1,012
Gilat Satellite Networks employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 23:50
End of day share price update: 2019/07/19 00:00
Last earnings filing: 2019/05/14
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.