NasdaqGS:GILT

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Gilat Satellite Networks

Executive Summary

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions and services in Latin America, the Asia Pacific, North America, Europe, the Middle East, and Africa. More Details


Snowflake Analysis

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has Gilat Satellite Networks's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GILT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.4%

GILT

-1.1%

US Communications

-1.5%

US Market


1 Year Return

-33.9%

GILT

-17.0%

US Communications

12.9%

US Market

Return vs Industry: GILT underperformed the US Communications industry which returned -17% over the past year.

Return vs Market: GILT underperformed the US Market which returned 12.9% over the past year.


Shareholder returns

GILTIndustryMarket
7 Day0.4%-1.1%-1.5%
30 Day1.8%-7.1%-1.8%
90 Day-10.5%-10.5%6.6%
1 Year-33.9%-33.9%-14.7%-17.0%15.4%12.9%
3 Year-2.4%-7.3%16.9%8.8%39.6%30.2%
5 Year72.4%63.7%53.8%36.8%93.4%71.7%

Price Volatility Vs. Market

How volatile is Gilat Satellite Networks's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Gilat Satellite Networks undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GILT ($5.55) is trading below our estimate of fair value ($46.4)

Significantly Below Fair Value: GILT is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GILT is good value based on its PE Ratio (21.5x) compared to the US Communications industry average (36.4x).

PE vs Market: GILT is poor value based on its PE Ratio (21.5x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GILT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GILT is good value based on its PB Ratio (1.3x) compared to the US Communications industry average (1.7x).


Next Steps

Future Growth

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

13.4%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Gilat Satellite Networks has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Gilat Satellite Networks performed over the past 5 years?

70.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GILT has a large one-off loss of $2.6M impacting its June 30 2020 financial results.

Growing Profit Margin: GILT's current net profit margins (6.3%) are lower than last year (7.9%).


Past Earnings Growth Analysis

Earnings Trend: GILT has become profitable over the past 5 years, growing earnings by 70.4% per year.

Accelerating Growth: GILT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: GILT had negative earnings growth (-28.9%) over the past year, making it difficult to compare to the Communications industry average (-28.9%).


Return on Equity

High ROE: GILT's Return on Equity (6%) is considered low.


Next Steps

Financial Health

How is Gilat Satellite Networks's financial position?


Financial Position Analysis

Short Term Liabilities: GILT's short term assets ($193.9M) exceed its short term liabilities ($108.1M).

Long Term Liabilities: GILT's short term assets ($193.9M) exceed its long term liabilities ($13.2M).


Debt to Equity History and Analysis

Debt Level: GILT's debt to equity ratio (1.7%) is considered satisfactory.

Reducing Debt: GILT's debt to equity ratio has reduced from 16.6% to 1.7% over the past 5 years.

Debt Coverage: GILT's debt is well covered by operating cash flow (676.1%).

Interest Coverage: GILT earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Gilat Satellite Networks's current dividend yield, its reliability and sustainability?

8.11%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GILT's dividend (8.11%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: GILT's dividend (8.11%) is in the top 25% of dividend payers in the US market (4.7%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, GILT has been paying a dividend for less than 10 years.

Growing Dividend: GILT has only been paying a dividend for 2 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (174.3%), GILT's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Adi Sfadia (50 yo)

0.17

Tenure

US$489,556

Compensation

Mr. Adi Sfadia serves as Interim Chief Executive Officer of Gilat Satellite Networks Ltd. since July 2, 2020. Mr. Sfadia had been the Chief Financial Officer at Gilat Satellite Networks Ltd. since November ...


CEO Compensation Analysis

Compensation vs Market: Adi's total compensation ($USD489.56K) is below average for companies of similar size in the US market ($USD1.98M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Adi Sfadia
Interim CEO & Chief Integration Officer0.17yrUS$489.56kno data
Yuval Shani
Chief Operating Officer3.08yrsUS$469.46kno data
Bosmat Halpern-Levy
Interim Chief Financial Officer0.083yrno datano data
Alik Shimelmits
Chief Technology & Product Officer0.92yrUS$375.47kno data
Yael Shofar
General Counsel & Corporate Secretaryno datano datano data
Yossi Gal
Vice President of Sales Operations & Information Technologies9.42yrsno datano data
Lior Moyal
Vice President of Human Resources0.67yrno datano data

0.8yrs

Average Tenure

56yo

Average Age

Experienced Management: GILT's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Dov Baharav
Chairman of the Board6.33yrsUS$485.65k1.93%
$ 5.9m
Meir Shamir
Independent Director4.33yrsno datano data
Ishay Davidi
Director7.75yrsno datano data
Dafna Sharir
Independent Director4.33yrsno datano data
Amiram Boehm
Independent Director7.75yrsno datano data
Dafna Cohen
External Independent Director5.75yrsno datano data
Elyezer Shkedy
Independent External Director3.25yrsno datano data
Amir Ofek
Independent Director5.75yrsno datano data
Aylon Rafaeli
Independent Director4.33yrsno datano data

5.8yrs

Average Tenure

58yo

Average Age

Experienced Board: GILT's board of directors are considered experienced (5.8 years average tenure).


Ownership

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


Insider Trading Volume

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


Ownership Breakdown

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


Top Shareholders

Company Information

Gilat Satellite Networks Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gilat Satellite Networks Ltd.
  • Ticker: GILT
  • Exchange: NasdaqGS
  • Founded: 1987
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: US$307.988m
  • Shares outstanding: 55.49m
  • Website: https://www.gilat.com

Number of Employees


Location

  • Gilat Satellite Networks Ltd.
  • Gilat House
  • 21 Yegia Kapayim Street
  • Petah Tikva
  • 4913020
  • Israel

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GILTNasdaqGS (Nasdaq Global Select)YesOrdinary SharesUSUSDMar 1993
GILTTASE (The Tel-Aviv Stock Exchange)YesOrdinary SharesILILSMar 1993
GSADB (Deutsche Boerse AG)YesOrdinary SharesDEEURMar 1993

Biography

Gilat Satellite Networks Ltd., together with its subsidiaries, provides satellite-based broadband communication solutions and services in Latin America, the Asia Pacific, North America, Europe, the Middle ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/22 05:47
End of Day Share Price2020/09/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.