Complete GSIT Stock Valuation Analysis
Comprehensive intrinsic value analysis using 2 different methodologies
GSIT DCF Analysis
GSIT (GSI Technology, Inc.) discounted cash flow analysis with multiple scenarios, growth assumptions, and terminal value calculations
Financial Projections
| Metrics | 2023 (Historical) | 2024 (Historical) | 2025 (Historical) | 2026 (Projected) | 2027 (Projected) | 2028 (Projected) | 2029 (Projected) | 2030 (Projected) |
|---|---|---|---|---|---|---|---|---|
| Revenue | $29.7M | $21.8M | $20.5M | $18.5M | $16.7M | $15.3M | $14.1M | $13.2M |
| Revenue Growth % | - | -26.7% | -5.7% | -10.0% | -9.4% | -8.5% | -7.6% | -6.9% |
| EBIT | $-15.8M | $-20.4M | $-16.6M | $923.3K | $836.3K | $765.3K | $706.9K | $658.3K |
| EBIT Margin % | -53.2% | -93.9% | -81.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% |
| Tax Rate % | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% | 25.0% |
| NOPAT | $-11.9M | $-15.3M | $-12.5M | $692.5K | $627.2K | $574.0K | $530.2K | $493.7K |
| NOPAT Margin % | -39.9% | -70.4% | -60.8% | 3.8% | 3.8% | 3.8% | 3.8% | 3.8% |
| Capex | $774.0K | $316.0K | $645.0K | $332.5K | $286.1K | $248.8K | $218.3K | $193.1K |
| Capex / Revenue % | 2.6% | 1.5% | 3.1% | 1.8% | 1.7% | 1.6% | 1.5% | 1.5% |
| Depreciation | $1.0M | $1.0M | $927.0K | $773.3K | $700.4K | $641.0K | $592.0K | $551.4K |
| D&A / Revenue % | 3.4% | 4.7% | 4.5% | 4.2% | 4.2% | 4.2% | 4.2% | 4.2% |
| Change in NWC | $-10.2M | $-11.2M | $-9.9M | $0 | $0 | $0 | $0 | $0 |
| NWC Change / Revenue % | -34.2% | -51.3% | -48.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Unlevered FCF | $-1.5M | $-3.5M | $-2.3M | $1.1M | $1.0M | $966.2K | $903.9K | $852.0K |
| UFCF % Chg. | - | -135.7% | 34.9% | 150.2% | -8.1% | -7.2% | -6.4% | -5.7% |
| FCF / Revenue % | -5.0% | -15.9% | -11.0% | 6.1% | 6.2% | 6.3% | 6.4% | 6.5% |
| Discount Factor | - | - | - | 0.917 | 0.840 | 0.770 | 0.706 | 0.647 |
| Present Value of FCF | - | - | - | $1.0M | $875.1K | $744.2K | $638.2K | $551.4K |
| Sum of PV of UFCF | - | - | - | $1.0M | $1.9M | $2.7M | $3.3M | $3.8M |
WACC Calculation
Weighted Average Cost of Capital used for discounting cash flows.
| WACC Calculation | Value |
|---|---|
| Cost of Debt | 6.9% |
| Tax Rate | 25.0% |
| After Tax Cost of Debt | 5.2% |
| Risk Free Rate | 4.40% |
| Market Risk Premium | 4.3% |
| Beta | 1.10 |
| Cost of Equity | 9.2% |
| Total Debt | $1.5M |
| Market Cap | $85.6M |
| Total Capital | $87.2M |
| Debt Weighting | 1.7% |
| Equity Weighting | 98.3% |
| WACC | 9.1% |
Terminal Value
Choose between perpetuity growth or exit multiple methods.
| Terminal Value Calculation | Value |
|---|---|
| Terminal Growth Rate | 2.5% |
| Final Year FCF | $852.0K |
| Terminal Value | $13.2M |
| PV of Terminal Value | $8.6M |
| Cumulative PV of UFCF | $3.8M |
| Net Debt | $-12.9M |
| Equity Value | $25.3M |
| Shares Outstanding | 25.5M |
| Implied Share Price | $1 |
| Current Share Price | $3 |
| Implied Upside/(Downside) | -70.4% |
Valuation Summary
$0.99
Implied Price
$3.35
Current Price
-70.4%
Upside/Downside
9.1%
WACC
GSIT Peer Valuation Analysis
Relative valuation based on comparable company trading multiples
Peer Valuation Analysis
Fair Value Range Analysis
Based on median multiples from 11 peer companies in Technology
P/E Ratio
$-20.00
-698.0%
Peer Median: 48.0x
EV/EBITDA
$0.00
-100.0%
Peer Median: 35.6x
P/S Ratio
$3.35
+0.0%
Peer Median: 4.2x
Interpretation: Each multiple provides a different perspective on fair value. Consider which multiple is most relevant for GSIT's business model and current situation.
Multiple Comparison
| Multiple | GSIT Current | Peer Median | Peer Average | Premium/Discount | Assessment |
|---|---|---|---|---|---|
| P/E Ratio | -8.0x | 48.0x | 41.2x | -116.7% | Undervalued |
| EV/EBITDA | Infinityx | 35.6x | 32.5x | Infinity% | Overvalued |
| P/S Ratio | 4.2x | 4.2x | 4.4x | 0.0% | Fair Value |
Peer Companies
Click any company to view their valuation
| Company | Market Cap | P/E Ratio | EV/EBITDA | P/S Ratio |
|---|---|---|---|---|
| $0.35B | 23.5x | 21.6x | 13.7x | |
| $0.23B | 0.0x | 0.0x | 0.3x | |
| $0.24B | 0.0x | 0.0x | 0.0x | |
| $0.28B | 0.0x | 0.0x | 179.3x | |
| $0.13B | 88.7x | 269.9x | 2.7x | |
| $0.09B | 0.0x | 0.0x | 4.2x | |
| $0.09B | 0.0x | 0.0x | 4.9x | |
| $0.06B | 0.0x | 0.0x | 21.0x | |
| $0.05B | 4.8x | 35.6x | 6.0x | |
| $0.04B | 0.0x | 0.0x | 3.8x | |
| $3457.11B | 48.0x | 40.2x | 26.5x |