PCTEL (NasdaqGS:PCTI) - Share price, News & Analysis

PCTI fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	4/6
Past Performance	0/6
Financial Health	6/6
Dividends	4/6

PCTI Stock Overview

PCTEL, Inc., together with its subsidiaries, provides industrial Internet of Thing devices (IoT), antenna systems, and test and measurement solutions worldwide.

Rewards

Earnings are forecast to grow 167.77% per year

Risk Analysis

Dividend of 5.47% is not well covered by earnings or forecast to be in the next 3 years

Does not have a meaningful market cap ($73M)

PCTEL Competitors

Ubiquiti

NYSE:UI

US$15.1b

Viavi Solutions

NasdaqGS:VIAV

US$3.2b

Amphenol

NYSE:APH

US$40.9b

TE Connectivity

NYSE:TEL

US$40.6b

Price History & Performance

Summary of all time highs, changes and price drops for PCTEL
Historical stock prices
Current Share Price	US$4.02
52 Week High	US$7.15
52 Week Low	US$3.96
Beta	0.39
1 Month Change	-9.87%
3 Month Change	-22.09%
1 Year Change	-39.73%
3 Year Change	-20.87%
5 Year Change	-37.38%
Change since IPO	-82.89%

Recent News & Updates

Apr 25

PCTEL (NASDAQ:PCTI) Will Pay A Dividend Of US$0.055

The board of PCTEL, Inc. ( NASDAQ:PCTI ) has announced that it will pay a dividend on the 13th of May, with investors...

Shareholder Returns

	PCTI	US Communications	US Market
7D	-3.1%	-10.4%	-2.7%
1Y	-39.7%	-13.5%	-12.9%

Return vs Industry: PCTI underperformed the US Communications industry which returned -13.5% over the past year.

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

Price Volatility

Is PCTI's price volatile compared to industry and market?
PCTI volatility
PCTI Average Weekly Movement	4.5%
Communications Industry Average Movement	7.2%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	2.9%

Stable Share Price: PCTI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PCTI's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1994	304	David Neumann	https://www.pctel.com

PCTEL, Inc., together with its subsidiaries, provides industrial Internet of Thing devices (IoT), antenna systems, and test and measurement solutions worldwide. The company designs and manufactures precision antennas and industrial IoT devices that are deployed in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the industrial IoT. Its antenna portfolio includes Wi-Fi, Bluetooth, land mobile radio, tetra, global navigation satellite systems, cellular, industrial, scientific, medical, long range, and combination antenna solutions for used in public safety and military communications, utilities and energy, precision agriculture, smart traffic management, electric vehicle charging stations, embedded vehicles, forestry machinery, and off-road vehicles, as well as offers engineering design services.

PCTEL Fundamentals Summary

How do PCTEL's earnings and revenue compare to its market cap?
PCTI fundamental statistics
Market Cap	US$73.02m
Earnings (TTM)	-US$749.00k
Revenue (TTM)	US$92.64m

0.8x

P/S Ratio

-97.5x

P/E Ratio

Is PCTI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
PCTI income statement (TTM)
Revenue	US$92.64m
Cost of Revenue	US$51.17m
Gross Profit	US$41.47m
Other Expenses	US$42.22m
Earnings	-US$749.00k

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.041
Gross Margin	44.77%
Net Profit Margin	-0.81%
Debt/Equity Ratio	0%

How did PCTI perform over the long term?

See historical performance and comparison

Dividends

5.5%

Current Dividend Yield

-528%

Payout Ratio

Valuation

Is PCTEL undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

1.13x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: PCTI ($4.02) is trading above our estimate of fair value ($3.22)

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

Price To Earnings Ratio

PE vs Industry: PCTI is unprofitable, so we can't compare its PE Ratio to the US Communications industry average.

PE vs Market: PCTI is unprofitable, so we can't compare its PE Ratio to the US market.

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: PCTI is good value based on its PB Ratio (1.1x) compared to the US Communications industry average (1.7x).

Future Growth

How is PCTEL forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

4/6

Future Growth Score 4/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

167.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PCTI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: PCTI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PCTI's is expected to become profitable in the next 3 years.

Revenue vs Market: PCTI's revenue (9.8% per year) is forecast to grow faster than the US market (7.8% per year).

High Growth Revenue: PCTI's revenue (9.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if PCTI's Return on Equity is forecast to be high in 3 years time

Past Performance

How has PCTEL performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

34.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PCTI is currently unprofitable.

Growing Profit Margin: PCTI is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: PCTI is unprofitable, but has reduced losses over the past 5 years at a rate of 34.1% per year.

Accelerating Growth: Unable to compare PCTI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PCTI is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (38.2%).

Return on Equity

High ROE: PCTI has a negative Return on Equity (-1.16%), as it is currently unprofitable.

Financial Health

How is PCTEL's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: PCTI's short term assets ($59.8M) exceed its short term liabilities ($13.0M).

Long Term Liabilities: PCTI's short term assets ($59.8M) exceed its long term liabilities ($3.8M).

Debt to Equity History and Analysis

Debt Level: PCTI is debt free.

Reducing Debt: PCTI has not had any debt for past 5 years.

Balance Sheet

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.

Stable Cash Runway: Whilst unprofitable PCTI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: PCTI is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 2.8% per year.

Dividend

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

Dividend Score

4/6

Dividend Score 4/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

5.47%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PCTI's dividend (5.47%) is higher than the bottom 25% of dividend payers in the US market (1.58%).

High Dividend: PCTI's dividend (5.47%) is in the top 25% of dividend payers in the US market (4.11%)

Stability and Growth of Payments

Stable Dividend: PCTI's dividends per share have been stable in the past 10 years.

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

Earnings Payout to Shareholders

Earnings Coverage: PCTI is paying a dividend but the company is unprofitable.

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (1016.8%), PCTI's dividend payments are not well covered by cash flows.

Discover strong dividend paying companies

Management

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

5.3yrs

Average management tenure

CEO

David Neumann (55 yo)

5.33yrs

Tenure

US$893,761

Compensation

Mr. David A. Neumann has been the Chief Executive Officer and Director of PCTEL, Inc. since January 2, 2017. Mr. Neumann served as Senior Vice President and General Manager of PCTEL RF Solutions Inc. from...

CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD893.76K) is about average for companies of similar size in the US market ($USD771.12K).

Compensation vs Earnings: David's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: PCTI's management team is seasoned and experienced (5.3 years average tenure).

Board Members

Experienced Board: PCTI's board of directors are considered experienced (7.4 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.

Recent Insider Transactions

Ownership Breakdown

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

Data	Last Updated (UTC time)
Company Analysis	2022/05/21 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31