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Altigen Communications

OTCPK:ATGN
Snowflake Description

Flawless balance sheet with outstanding track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ATGN
OTCPK
$31M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Altigen Communications, Inc. designs, delivers, and supports Voice over Internet Protocol (VoIP) phone systems and call center solutions worldwide. The last earnings update was 29 days ago. More info.


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  • Altigen Communications has significant price volatility in the past 3 months.
ATGN Share Price and Events
7 Day Returns
12.6%
OTCPK:ATGN
0.8%
US Communications
0.4%
US Market
1 Year Returns
135.4%
OTCPK:ATGN
13.3%
US Communications
3.5%
US Market
ATGN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Altigen Communications (ATGN) 12.6% 44% 139.2% 135.4% 361.9% 569.8%
US Communications 0.8% 5.1% 23.8% 13.3% 79.2% 87.5%
US Market 0.4% 1.6% 16.4% 3.5% 39.4% 44%
1 Year Return vs Industry and Market
  • ATGN outperformed the Communications industry which returned 13.3% over the past year.
  • ATGN outperformed the Market in United States of America which returned 3.5% over the past year.
Price Volatility
ATGN
Industry
5yr Volatility vs Market

ATGN Value

 Is Altigen Communications 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 Altigen Communications 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 Altigen Communications.

OTCPK:ATGN 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 OTCPK:ATGN
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))
= 1.085 (1 + (1- 21%) (2.1%))
1.069
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% + (1.069 * 5.96%)
9.1%

Discounted Cash Flow Calculation for OTCPK:ATGN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Altigen Communications 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.

OTCPK:ATGN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.1%)
2019 3.41 Est @ 96.04% 3.13
2020 5.74 Est @ 68.05% 4.82
2021 8.51 Est @ 48.45% 6.56
2022 11.47 Est @ 34.74% 8.10
2023 14.36 Est @ 25.13% 9.29
2024 17.00 Est @ 18.41% 10.08
2025 19.33 Est @ 13.71% 10.51
2026 21.34 Est @ 10.41% 10.63
2027 23.07 Est @ 8.11% 10.54
2028 24.57 Est @ 6.5% 10.28
Present value of next 10 years cash flows $83.92
OTCPK:ATGN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $24.57 × (1 + 2.73%) ÷ (9.1% – 2.73%)
$396.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $396.19 ÷ (1 + 9.1%)10
$165.81
OTCPK:ATGN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $83.92 + $165.81
$249.73
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $249.73 / 22.89
$10.91
OTCPK:ATGN Discount to Share Price
Calculation Result
Value per share (USD) From above. $10.91
Current discount Discount to share price of $1.34
= -1 x ($1.34 - $10.91) / $10.91
87.7%

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

Current Discount
Amount off the current price Altigen Communications is available for.
Intrinsic value
>50%
Share price is $1.34 vs Future cash flow value of $10.91
Current Discount Checks
For Altigen Communications to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Altigen Communications's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Altigen Communications'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 Altigen Communications's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Altigen Communications's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:ATGN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.44
OTCPK:ATGN Share Price ** OTCPK (2019-03-22) in USD $1.34
United States of America Communications Industry PE Ratio Median Figure of 33 Publicly-Listed Communications Companies 30.4x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.52x

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

** Primary Listing of Altigen Communications.

OTCPK:ATGN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:ATGN Share Price ÷ EPS (both in USD)

= 1.34 ÷ 0.44

3.02x

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

  • Altigen Communications is good value based on earnings compared to the US Communications industry average.
  • Altigen Communications is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Altigen Communications's expected growth come at a high price?
Raw Data
OTCPK:ATGN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.02x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-42%per year
United States of America Communications Industry PEG Ratio Median Figure of 21 Publicly-Listed Communications Companies 1.28x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*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 Altigen Communications, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Altigen Communications's assets?
Raw Data
OTCPK:ATGN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.52
OTCPK:ATGN Share Price * OTCPK (2019-03-22) in USD $1.34
United States of America Communications Industry PB Ratio Median Figure of 67 Publicly-Listed Communications Companies 1.88x
United States of America Market PB Ratio Median Figure of 5,157 Publicly-Listed Companies 1.88x
OTCPK:ATGN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:ATGN Share Price ÷ Book Value per Share (both in USD)

= 1.34 ÷ 0.52

2.59x

* Primary Listing of Altigen Communications.

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

  • Altigen Communications is overvalued based on assets compared to the US Communications industry average.
X
Value checks
We assess Altigen Communications'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. Altigen Communications has a total score of 4/6, 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.

ATGN Future Performance

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

  • No analysts cover Altigen Communications, 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
-42%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Altigen Communications expected to grow at an attractive rate?
  • Altigen Communications's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Altigen Communications's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Unable to compare Altigen Communications's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:ATGN Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:ATGN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -42%
United States of America Communications Industry Earnings Growth Rate Market Cap Weighted Average 14.9%
United States of America Communications Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*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
OTCPK:ATGN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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.
OTCPK:ATGN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 10 2 10
2018-09-30 10 0 10
2018-06-30 10 0 5
2018-03-31 9 1 1
2017-12-31 9 0 1
2017-09-30 8 0 0
2017-06-30 8 -1 0
2017-03-31 8 -1 -1
2016-12-31 8 -1 -1
2016-09-30 8 0 -1
2016-06-30 9 1 0
2016-03-31 9 1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Altigen Communications's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Altigen Communications 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
OTCPK:ATGN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

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

OTCPK:ATGN Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.44
2018-09-30 0.43
2018-06-30 0.24
2018-03-31 0.05
2017-12-31 0.03
2017-09-30 0.02
2017-06-30 -0.01
2017-03-31 -0.04
2016-12-31 -0.03
2016-09-30 -0.04
2016-06-30 -0.01
2016-03-31 0.01

*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 Altigen Communications will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Altigen Communications'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.
Altigen Communications 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.

ATGN Past Performance

  How has Altigen Communications 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 Altigen Communications'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.
  • Altigen Communications has delivered over 20% year on year earnings growth in the past 5 years.
  • Altigen Communications's 1-year earnings growth exceeds its 5-year average (1500.3% vs 77.6%)
  • Altigen Communications's earnings growth has exceeded the US Communications industry average in the past year (1500.3% vs 19.6%).
Earnings and Revenue History
Altigen Communications'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 Altigen Communications Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:ATGN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 10.46 10.11 3.97 2.74
2018-09-30 10.00 9.84 3.77 2.83
2018-06-30 9.50 5.49 3.67 2.84
2018-03-31 9.00 1.03 3.61 2.88
2017-12-31 8.57 0.63 3.67 2.85
2017-09-30 8.39 0.38 3.81 2.85
2017-06-30 8.28 -0.28 3.83 2.91
2017-03-31 8.22 -0.83 4.24 2.96
2016-12-31 8.34 -0.78 4.29 2.91
2016-09-30 8.43 -0.84 4.35 2.90
2016-06-30 8.81 -0.16 4.48 2.83
2016-03-31 8.99 0.18 4.26 2.82
2015-12-31 9.37 0.25 4.36 2.93
2015-09-30 9.80 0.64 4.26 2.95
2015-06-30 9.88 0.58 4.25 2.94
2015-03-31 9.91 0.52 4.17 2.88
2014-12-31 9.78 0.33 4.13 2.84
2014-09-30 9.58 -0.27 4.33 2.87
2014-06-30 9.53 -0.56 4.34 2.96
2014-03-31 9.98 -0.41 4.45 3.03
2013-12-31 9.42 -0.55 4.27 2.82
2013-09-30 10.82 -0.41 4.87 3.06
2013-06-30 11.92 -1.85 5.46 3.50
2013-03-31 13.24 -2.04 6.08 3.79
2012-12-31 16.00 -1.81 6.93 4.41
2012-09-30 14.10 -1.27 5.52 3.77
2012-06-30 17.76 -1.05 7.61 5.09
2012-03-31 18.27 -1.75 7.91 5.83

*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.
  • Altigen Communications made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Altigen Communications used its assets more efficiently than the US Communications industry average last year based on Return on Assets.
  • Altigen Communications has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Altigen Communications'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.
Altigen Communications has a total score of 6/6, 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.

ATGN Health

 How is Altigen Communications'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 Altigen Communications's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Altigen Communications is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Altigen Communications's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Altigen Communications'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 8.7x 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 Altigen Communications Company Filings, last reported 2 months ago.

OTCPK:ATGN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 11.83 0.64 4.06
2018-09-30 11.21 0.72 2.28
2018-06-30 11.21 0.72 2.28
2018-03-31 2.08 0.72 3.24
2017-12-31 1.68 0.79 3.83
2017-09-30 1.34 0.87 2.88
2017-06-30 1.12 0.94 2.33
2017-03-31 1.02 1.02 2.43
2016-12-31 1.03 1.02 2.40
2016-09-30 0.94 1.02 4.49
2016-06-30 1.41 1.09 3.13
2016-03-31 1.77 1.17 3.50
2015-12-31 1.66 1.24 3.26
2015-09-30 1.51 1.32 4.56
2015-06-30 1.16 1.39 2.02
2015-03-31 1.05 1.47 2.38
2014-12-31 0.69 1.54 2.07
2014-09-30 0.25 1.54 1.81
2014-06-30 0.24 1.54 3.88
2014-03-31 0.37 1.54 3.65
2013-12-31 1.15 1.59 4.19
2013-09-30 0.48 1.59 2.94
2013-06-30 0.84 1.59 3.47
2013-03-31 1.14 1.59 4.00
2012-12-31 1.58 1.59 4.49
2012-09-30 1.59 1.59 4.15
2012-06-30 3.12 0.00 4.13
2012-03-31 3.23 0.00 4.40
  • Altigen Communications's level of debt (5.4%) 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 (139.5% vs 5.4% today).
  • Debt is well covered by operating cash flow (277.3%, greater than 20% of total debt).
  • Altigen Communications earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Altigen Communications'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. Altigen Communications 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.

ATGN Dividends

 What is Altigen Communications'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 Altigen Communications dividends.
If you bought $2,000 of Altigen Communications 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 Altigen Communications's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Altigen Communications'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
OTCPK:ATGN 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 14 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2006 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

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

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

ATGN Management

 What is the CEO of Altigen Communications'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
Jerry Fleming
COMPENSATION $273,729
AGE 60
TENURE AS CEO 11.9 years
CEO Bio

Mr. Jeremiah J. Fleming, also known as Jerry, serves as the Chairman of the Board at AltiGen Communications, Inc. and has been its President since and Chief Executive Officer since April 2, 2007. Mr. Fleming's primary initiatives is to ensure the acceleration of growth in AltiGen Communications' business by focusing on its new strategies, product offerings, marketing and business operations. He served as Chief Operating Officer of AltiGen Communications Inc. from April 2, 2007 to September 2010. He served as Vice President of Business Development of Interactive Intelligence Inc. He originally joined Interactive Intelligence, Inc. in 1997 as Vice President of Sales. He served as an Executive Vice President of Sales, The Americas and Europe, Middle East and Africa of Interactive Intelligence Inc. since May 2001. He served as Vice President of Sales, The Americas since joining Interactive Intelligence Inc. in March 1997. He served as President of Vonexus Inc., a subsidiary of Interactive Intelligence Inc. since July 2004. In this role, he was responsible for corporate strategy, management, business development and overall financial performance. From January 1995 to February 1997, Mr. Fleming served as Vice President, Domestic Sales of Software Artistry. From 1992 to December 1994, he held sales positions of increasing responsibility at Software Artistry, including Manager, Central Region Sales from January 1993 to December 1994. He performed various sales capacities at Pansophic Systems, Inc., from 1989 to 1991, including as the Midwest Regional Manager. He has been a Director at AltiGen Communications Inc. since July 24, 2007. Mr. Fleming holds both a M.B.A. degree and a B.A. degree in political science and philosophy from the University of Missouri.

CEO Compensation
  • Jerry's compensation has been consistent with company performance over the past year.
  • Insufficient data for Jerry to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Altigen Communications management team in years:

14.7
Average Tenure
58
Average Age
  • The average tenure for the Altigen Communications management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jerry Fleming

TITLE
Chairman
COMPENSATION
$274K
AGE
60
TENURE
11.9 yrs

Carolyn David

TITLE
VP of Finance & Investor Relations Officer

David Tang

TITLE
Chief Operations Officer

Mike Plumer

TITLE
Vice President of Sales
COMPENSATION
$245K
AGE
54
TENURE
14.7 yrs

Shirley Sun

TITLE
Vice President of Research and Development
COMPENSATION
$177K
AGE
58
TENURE
19.4 yrs
Board of Directors Tenure

Average tenure and age of the Altigen Communications board of directors in years:

3.1
Average Tenure
62.5
Average Age
  • The tenure for the Altigen Communications board of directors is about average.
Board of Directors

Phil McDermott

TITLE
Director
COMPENSATION
$221K
AGE
72
TENURE
7.2 yrs

Jerry Fleming

TITLE
Chairman
COMPENSATION
$274K
AGE
60

Simon Chouldjian

TITLE
Director
COMPENSATION
$143K
AGE
65
TENURE
1.8 yrs

Joe Antellocy

TITLE
Independent Director
TENURE
4.4 yrs

Keith Midkiff

TITLE
Director
AGE
55

Ken Epps

TITLE
Director
TENURE
1.8 yrs

Tacheng Wang

TITLE
Director

Mike Yen Tsai

TITLE
Director

Kenneth Tai

TITLE
Director
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 ($) Value ($)
X
Management checks
We assess Altigen Communications'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. Altigen Communications 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.

ATGN News

Simply Wall St News

ATGN Company Info

Description

Altigen Communications, Inc. designs, delivers, and supports Voice over Internet Protocol (VoIP) phone systems and call center solutions worldwide. The company offers MaxCommunications Server (MaxCS) IP-PBX, a software-based phone system that provides customers with business communications solutions; MaxACD VoIP Contact Center, a software-based automatic call distribution engine, which offers call routing and call distribution options; MaxMobile that extends a set of business PBX functionality to smart phone devices; and MaxCommunicator, a Windows-based desktop application, which provides call control and visual voice mail management to the desktop. It also offers MaxAgent, a Windows-based desktop application to bring call control and workgroup information to call center agents; MaxSupervisor, a Windows-based desktop application for call center supervisors; and MaxACD for Lync, a call center solution. In addition, the company provides hosted services; and service support programs, which offer customers with updates, patches, new releases, and technical support for the applications they are licensed to use. It sells its products to small-to-medium sized and multi-site businesses, corporate branch offices, call centers, credit unions, and community banks through a channel of distributors and resellers. Altigen Communications, Inc. was founded in 1994 and is headquartered in San Jose, California.

Details
Name: Altigen Communications, Inc.
ATGN
Exchange: OTCPK
Founded: 1994
$30,657,466
22,887,246
Website: http://www.altigen.com
Address: Altigen Communications, Inc.
679 River Oaks Parkway,
San Jose,
California, 95134,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK ATGN Common Stock Pink Sheets LLC US USD 05. Oct 1999
Number of employees
Current staff
Staff numbers
46
Altigen Communications employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/22 23:32
End of day share price update: 2019/03/22 00:00
Last earnings filing: 2019/02/21
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/09/30


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.