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xG Technology

Nasdaq:XGTI
Snowflake Description

Fair value with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
XGTI
Nasdaq
$7M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

xG Technology, Inc. designs, develops, and delivers advanced wireless communications solutions in North America, Europe, South America, Asia, and rest of world. The last earnings update was 96 days ago. More info.


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  • xG Technology has significant price volatility in the past 3 months.
XGTI Share Price and Events
7 Day Returns
8%
NasdaqCM:XGTI
1.6%
US Communications
1.2%
US Market
1 Year Returns
-75.8%
NasdaqCM:XGTI
6.9%
US Communications
0.9%
US Market
XGTI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
xG Technology (XGTI) 8% 4.6% -25.7% -75.8% -98.3% -100%
US Communications 1.6% 9.1% 1.5% 6.9% 74.1% 72.7%
US Market 1.2% 6.6% 1.2% 0.9% 44.3% 41.3%
1 Year Return vs Industry and Market
  • XGTI underperformed the Communications industry which returned 6.9% over the past year.
  • XGTI underperformed the Market in United States of America which returned 0.9% over the past year.
Price Volatility
XGTI
Industry
5yr Volatility vs Market

XGTI Value

 Is xG Technology 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 xG Technology 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 xG Technology.

NasdaqCM:XGTI 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 15.2%
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:XGTI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.028 (1 + (1- 21%) (84.28%))
1.712
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.71
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.712 * 7.27%)
15.18%

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

The calculations below outline how an intrinsic value for xG Technology is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqCM:XGTI DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 5.18 6.16 7.27 8.50 9.86
Source Est @ 20%, capped from 74.94% Est @ 19%, capped from 74.94% Est @ 18%, capped from 74.94% Est @ 17%, capped from 74.94% Est @ 16%, capped from 74.94%
Present Value
Discounted (@ 15.18%)
4.49 4.64 4.76 4.83 4.87
Present value of next 5 years cash flows $23.59
NasdaqCM:XGTI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $9.86 × (1 + 2.73%) ÷ (15.18% – 2.73%)
$81.39
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $81.39 ÷ (1 + 15.18%)5
$40.15
NasdaqCM:XGTI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $23.59 + $40.15
$63.74
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $63.74 / 19.18
$3.32
NasdaqCM:XGTI Discount to Share Price
Calculation Result
Value per share (USD) From above. $3.32
Current discount Discount to share price of $0.35
= -1 x ($0.35 - $3.32) / $3.32
89.5%

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

Current Discount
Amount off the current price xG Technology is available for.
Intrinsic value
>50%
Share price is $0.35 vs Future cash flow value of $3.32
Current Discount Checks
For xG Technology to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • xG Technology's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • xG Technology's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for xG Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are xG Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:XGTI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-1.51
NasdaqCM:XGTI Share Price ** NasdaqCM (2019-02-15) in USD $0.35
United States of America Communications Industry PE Ratio Median Figure of 35 Publicly-Listed Communications Companies 29.07x
United States of America Market PE Ratio Median Figure of 3,045 Publicly-Listed Companies 16.97x

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

** Primary Listing of xG Technology.

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

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

= 0.35 ÷ -1.51

-0.23x

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

  • xG Technology is loss making, we can't compare its value to the US Communications industry average.
  • xG Technology is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does xG Technology's expected growth come at a high price?
Raw Data
NasdaqCM:XGTI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Communications Industry PEG Ratio Median Figure of 22 Publicly-Listed Communications Companies 1.57x
United States of America Market PEG Ratio Median Figure of 2,115 Publicly-Listed Companies 1.36x

*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 xG Technology, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on xG Technology's assets?
Raw Data
NasdaqCM:XGTI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $0.57
NasdaqCM:XGTI Share Price * NasdaqCM (2019-02-15) in USD $0.35
United States of America Communications Industry PB Ratio Median Figure of 67 Publicly-Listed Communications Companies 1.87x
United States of America Market PB Ratio Median Figure of 5,122 Publicly-Listed Companies 1.82x
NasdaqCM:XGTI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.35 ÷ 0.57

0.61x

* Primary Listing of xG Technology.

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

  • xG Technology is good value based on assets compared to the US Communications industry average.
X
Value checks
We assess xG Technology'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. xG Technology has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

XGTI Future Performance

 How is xG Technology expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 xG Technology 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
19.9%
Expected Communications industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is xG Technology expected to grow at an attractive rate?
  • Unable to compare xG Technology's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare xG Technology's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare xG Technology's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:XGTI Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Communications Industry Earnings Growth Rate Market Cap Weighted Average 19.9%
United States of America Communications Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
NasdaqCM:XGTI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 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.
NasdaqCM:XGTI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NasdaqCM:XGTI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 42 -7 -24
2018-06-30 43 -9 -28
2018-03-31 48 -7 -23
2017-12-31 48 -4 -11
2017-09-30 36 -4 -7
2017-06-30 28 -3 -5
2017-03-31 15 -5 -10
2016-12-31 7 -8 -23
2016-09-30 4 -9 -21
2016-06-30 3 -9 -20
2016-03-31 1 -9 -21
2015-12-31 1 -8 -21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if xG Technology is high growth as no earnings estimate data is available.
  • Unable to determine if xG Technology 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
NasdaqCM:XGTI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from xG Technology Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:XGTI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NasdaqCM:XGTI Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -1.51
2018-06-30 -1.88
2018-03-31 -1.68
2017-12-31 -0.87
2017-09-30 -0.51
2017-06-30 -0.43
2017-03-31 -0.90
2016-12-31 -2.99
2016-09-30 -32.93
2016-06-30 -80.87
2016-03-31 -191.35
2015-12-31 -332.32

*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 xG Technology will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether xG Technology is trading at xG Technology'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. xG Technology's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Tech companies here
  3. xG Technology's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess xG Technology'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.
xG Technology 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.

XGTI Past Performance

  How has xG Technology 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 xG Technology'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.
  • xG Technology does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare xG Technology's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare xG Technology's 1-year growth to the US Communications industry average as it is not currently profitable.
Earnings and Revenue History
xG Technology'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 xG Technology Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:XGTI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 41.60 -24.37 24.05 9.31
2018-06-30 43.43 -27.51 25.44 10.78
2018-03-31 48.22 -22.61 25.08 10.37
2017-12-31 47.82 -10.55 24.32 9.80
2017-09-30 35.79 -7.25 19.71 8.62
2017-06-30 27.54 -5.01 15.85 7.29
2017-03-31 14.98 -9.99 12.56 6.32
2016-12-31 6.57 -22.71 9.53 6.11
2016-09-30 4.28 -20.86 8.65 5.90
2016-06-30 2.56 -20.44 8.32 5.47
2016-03-31 1.28 -20.76 7.89 5.04
2015-12-31 0.93 -20.94 7.57 4.93
2015-09-30 1.21 -18.65 8.52 5.00
2015-06-30 1.17 -20.24 8.22 5.75
2015-03-31 0.96 -18.43 7.87 6.69
2014-12-31 0.63 -18.98 8.04 7.60
2014-09-30 0.94 -17.74 6.43 6.95
2014-06-30 0.82 -29.38 6.94 6.98
2014-03-31 0.66 -28.42 6.71 6.27
2013-12-31 0.41 -27.45 6.30 5.47
2013-09-30 0.03 -28.35 6.91 6.52
2013-06-30 -15.67 6.19 5.91
2013-03-31 -15.09 6.36 5.39
2012-12-31 -13.79 6.10 4.81
2012-09-30 0.00 -13.94 6.14 5.19
2012-06-30 0.00 -15.29 5.08 5.72
2012-03-31 0.08 -15.43 5.65 5.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if xG Technology has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if xG Technology has efficiently used its assets last year compared to the US Communications industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if xG Technology improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess xG Technology'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.
xG Technology has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

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

XGTI Health

 How is xG Technology'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 xG Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • xG Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • xG Technology's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of xG Technology'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 3.9x 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 xG Technology Company Filings, last reported 4 months ago.

NasdaqCM:XGTI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 9.84 5.63 1.21
2018-06-30 11.16 5.53 2.19
2018-03-31 14.85 2.04 0.46
2017-12-31 17.63 2.05 2.80
2017-09-30 28.06 2.06 4.71
2017-06-30 28.05 2.08 4.66
2017-03-31 27.47 2.09 4.72
2016-12-31 12.64 2.11 9.05
2016-09-30 10.94 2.12 1.83
2016-06-30 11.77 2.77 0.15
2016-03-31 9.64 5.45 0.48
2015-12-31 10.29 2.94 0.37
2015-09-30 14.69 3.07 1.14
2015-06-30 14.65 3.35 0.16
2015-03-31 17.20 2.22 0.22
2014-12-31 16.74 2.37 0.76
2014-09-30 19.66 2.15 1.89
2014-06-30 22.28 2.19 4.96
2014-03-31 17.68 2.22 0.69
2013-12-31 22.42 2.25 5.52
2013-09-30 16.00 2.00 2.56
2013-06-30 1.94 10.05 0.03
2013-03-31 5.13 8.01 0.29
2012-12-31 -5.89 19.20 0.27
2012-09-30 -1.01 16.41 0.15
2012-06-30 34.34 0.00 0.28
2012-03-31 6.68 8.88 0.13
  • xG Technology's level of debt (57.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (12.5% vs 57.3% today).
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • xG Technology has less than a year of cash runway based on current free cash flow.
  • xG Technology has less than a year of cash runway if free cash flow continues to reduce at historical rates of -19.2% each year.
X
Financial health checks
We assess xG Technology'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. xG Technology has a total score of 2/6, 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.

XGTI Dividends

 What is xG Technology'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 xG Technology dividends.
If you bought $2,000 of xG Technology 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 xG Technology's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate xG Technology'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:XGTI 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 13 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1998 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 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

NasdaqCM:XGTI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as xG Technology has not reported any payouts.
  • Unable to verify if xG Technology's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of xG Technology's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as xG Technology 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 xG Technology'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 xG Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. xG Technology 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.

XGTI Management

 What is the CEO of xG Technology'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
Roger Branton
COMPENSATION $320,933
AGE 51
TENURE AS CEO 0.6 years
CEO Bio

Mr. Roger Glenn Branton has been the Chief Financial Officer of xG Technology, Inc. since August 26, 2002 and has been its Chief Executive Officer since July 25, 2018. Mr. Branton is a Co-Founder of xG Technology, Inc. He served as a Secretary of xG Technology, Inc. and served as its Chief Operating Officer until June 29, 2010. Mr. Branton, together with Richard Mooers, co-founded the xG Technology, Inc. in August 2002. Prior to xG Technology, he co-founded Mooers Branton & Company in 1997 and MB Merchant Group, Inc. Before that, he was with Dominion Group Limited. His work at Dominion Group Limited included, acted as interim chief financial officer for several companies within its investment portfolio. Mr. Branton also serves in similar capacities at Chester, a company he co-founded with Richard Mooers and George Schmitt in 2010. He trained as a Certified Public Accountant until 1992 and worked for Horty & Horty in Wilmington, Delaware, USA. He took an operational role in the companies managed by Mooers Branton & Company and his merchant banking work has given him a wide range of international experience including experience in restructurings, turnarounds and mergers and acquisitions. He specialized in the technology, agriculture and environmental industries. He serves as a Director at MB Technology Holdings, LLC. He serves as Director at xG Technology Inc. In 1989, Mr. Branton graduated from West Chester University in Pennsylvania with a Bachelor of Science Degree in Accounting.

CEO Compensation
  • Roger's compensation has increased whilst company is loss making.
  • Roger's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the xG Technology management team in years:

1.5
Average Tenure
61
Average Age
  • The average tenure for the xG Technology management team is less than 2 years, this suggests a new team.
Management Team

Roger Branton

TITLE
Co-Founder
COMPENSATION
$321K
AGE
51
TENURE
0.6 yrs

John Coleman

TITLE
Non-Executive Director
COMPENSATION
$350K
AGE
64
TENURE
4 yrs

John Payne

TITLE
President & COO
COMPENSATION
$218K
AGE
48
TENURE
0.3 yrs

Ben Dickens

TITLE
General Councel
AGE
65

John Procacci

TITLE
Vice President of Sales

Daniel Carpini

TITLE
Vice President of Marketing & PR
TENURE
1.5 yrs

Belinda Marino

TITLE
Secretary
AGE
58
TENURE
5.5 yrs

Louis Fiore

TITLE
Consultant & Member of Advisory Board
AGE
80

Hal Mordkofsky

TITLE
Legal Advisor

Dennis Cook

TITLE
Legal Advisor
Board of Directors Tenure

Average tenure and age of the xG Technology board of directors in years:

8
Average Tenure
66.5
Average Age
  • The tenure for the xG Technology board of directors is about average.
Board of Directors

Susan Swenson

TITLE
Non-Executive Chairman of the Board
AGE
69
TENURE
0.3 yrs

Roger Branton

TITLE
Co-Founder
COMPENSATION
$321K
AGE
51

John Coleman

TITLE
Non-Executive Director
COMPENSATION
$350K
AGE
64
TENURE
8.1 yrs

Louis Fiore

TITLE
Consultant & Member of Advisory Board
AGE
80

Brian Lasagna

TITLE
Chairman of Advisory Board

James Conway

TITLE
Non-Executive Independent Director
COMPENSATION
$57K
AGE
70
TENURE
4.1 yrs

Rick Mooers

TITLE
Non-Executive Director
COMPENSATION
$50K
AGE
55
TENURE
15 yrs

George Schmitt

TITLE
Non-Executive Director
COMPENSATION
$363K
AGE
74
TENURE
8 yrs

Randy Houdek

TITLE
Member of Advisory Board
TENURE
8.3 yrs

Ray Sidney

TITLE
Non-Executive Independent Director
COMPENSATION
$53K
AGE
48
TENURE
5.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
19. Jun 18 Sell Belinda Marino Individual 07. Jun 18 11. Jun 18 -7,500 $0.73 $-5,356
X
Management checks
We assess xG Technology'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. xG Technology 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.

XGTI News

Simply Wall St News

Could xG Technology Inc's (NASDAQ:XGTI) Investor Composition Influence The Stock Price?

A look at the shareholders of xG Technology Inc (NASDAQ:XGTI) can tell us which group is most powerful. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … See our latest analysis for xG Technology

Simply Wall St -

Should You Wait Before Investing In xG Technology Inc (NASDAQ:XGTI)?

xG Technology may need to come to market again, but the question is, when? … NasdaqCM:XGTI Income Statement May 16th 18 When will xG Technology need to raise more cash? … This means that, if xG Technology continues to grow its opex at this rate, given how much money it currently has in the bank, it will actually need to raise capital again within the next couple of months!

Simply Wall St -

Who Are The Top Investors In xG Technology Inc (NASDAQ:XGTI)?

Insider Ownership Another important group of shareholders are company insiders. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Private Company Ownership Potential investors in XGTI should also look at another important group of investors: private companies, with a stake of 1.39%, who are primarily invested because of strategic and capital gain interests.

Simply Wall St -

Are xG Technology Inc's (NASDAQ:XGTI) Interest Costs Too High?

How does XGTI’s operating cash flow stack up against its debt? … At this constant level of debt, XGTI's cash and short-term investments stands at US$2.80M for investing into the business. … Investors' risk associated with debt is very low with XGTI, and the company has plenty of headroom and ability to raise debt should it need to in the future.Next Steps: XGTI’s low debt is also met with low coverage.

Simply Wall St -

Where xG Technology Inc (NASDAQ:XGTI) Stands In Earnings Growth Against Its Industry

Today I will take you through a basic sense check to gain perspective on how xG Technology is doing by evaluating its latest earnings with its longer term trend as well as its industry peers' performance over the same period. … View our latest analysis for xG Technology How XGTI fared against its long-term earnings performance and its industry To account for any quarterly or half-yearly updates, I use the ‘latest twelve-month’ data, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … This means that though xG Technology is currently running a loss, any near-term headwind the industry is enduring, xG Technology is relatively better-cushioned than its peers.What does this mean?

Simply Wall St -

Megatrends Impacting Tech Stock xG Technology Inc (XGTI)

Tech analysts are forecasting for the entire hardware tech industry, a relatively muted growth of 1.48% in the upcoming year , and a whopping growth of 30.06% over the next couple of years. … However this rate still came in below the growth rate of the US stock market as a whole. … NasdaqCM:XGTI PE PEG Gauge Nov 13th 17 Tech hardware companies are typically trading at a PE of 25x, relatively similar to the rest of the US stock market PE of 22x.

Simply Wall St -

What Investors Should Know About xG Technology Inc's (XGTI) Financial Strength

Check out our latest analysis for xG Technology How does XGTI’s operating cash flow stack up against its debt? … Last year, XGTI’s operating cash flow was -1.61x its current debt. … But its current cash flow coverage of existing debt, in addition to the low liquidity, is concerning.

Simply Wall St -

XGTI Company Info

Map
Description

xG Technology, Inc. designs, develops, and delivers advanced wireless communications solutions in North America, Europe, South America, Asia, and rest of world. Its business lines include the brands of Integrated Microwave Technologies LLC (IMT) and Vislink Communication Systems (VCS). IMT develops, manufactures, and sells microwave communications equipment utilizing COFDM (Coded Orthogonal Frequency Division Multiplexing) technology, a transmission technique that combines encoding technology with OFDM (Orthogonal Frequency Division Multiplexing) modulation to provide the low latency and high image clarity required for real-time live broadcasting video transmissions. The company develops integrated solutions that deliver video footage captured from aerial and ground-based sources to fixed and mobile receiver locations. VCS designs and manufactures products encompassing microwave radio components, satellite communication, cellular and wireless camera systems, and associated amplifier items for broadcast and media, law enforcement, public safety, and surveillance markets. It provides broadcast communication links for the collection of live news and sports and entertainment events for national broadcasters, multi-channel broadcasters, network owners and station groups, sports and live broadcasters, and hosted service providers; and secure video communications and mission-critical solutions for law enforcement, defense, and homeland security applications. The company markets its products through sales channels, including direct-to-end customer sales, network group sales, reseller/integrators, and original equipment manufacturers. xG Technology, Inc. was founded in 2002 and is headquartered in Sarasota, Florida.

Details
Name: xG Technology, Inc.
XGTI
Exchange: NasdaqCM
Founded: 2002
$6,682,417
19,180,304
Website: http://www.xgtechnology.com
Address: xG Technology, Inc.
240 South Pineapple Avenue,
Suite 701,
Sarasota,
Florida, 34236,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM XGTI Common Stock Nasdaq Capital Market US USD 10. May 2011
DB 15X2 Common Stock Deutsche Boerse AG DE EUR 10. May 2011
BST 15XA Common Stock Boerse-Stuttgart DE EUR 10. May 2011
Number of employees
Current staff
Staff numbers
222
xG Technology employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 02:52
End of day share price update: 2019/02/15 00:00
Last estimates confirmation: 2018/04/02
Last earnings filing: 2018/11/14
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.