Intrinsic value of Gilat Satellite Networks - GILT

Previous Close

$5.41

  Intrinsic Value

$42.81

stock screener

  Rating & Target

str. buy

+691%

  Value-price divergence*

+3185%

Previous close

$5.41

 
Intrinsic value

$42.81

 
Up/down potential

+691%

 
Rating

str. buy

 
Value-price divergence*

+3185%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of GILT stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  41.41
  20.80
  19.22
  17.80
  16.52
  15.37
  14.33
  13.40
  12.56
  11.80
  11.12
  10.51
  9.96
  9.46
  9.02
  8.61
  8.25
  7.93
  7.63
  7.37
  7.13
  6.92
  6.73
  6.56
  6.40
  6.26
  6.13
  6.02
  5.92
  5.83
  5.74
Revenue, $m
  280
  338
  403
  475
  553
  639
  730
  828
  932
  1,042
  1,158
  1,279
  1,407
  1,540
  1,679
  1,823
  1,974
  2,130
  2,293
  2,462
  2,637
  2,820
  3,010
  3,207
  3,412
  3,626
  3,848
  4,080
  4,321
  4,573
  4,836
Variable operating expenses, $m
 
  156
  185
  217
  253
  291
  332
  376
  422
  472
  524
  574
  631
  691
  753
  818
  885
  956
  1,029
  1,104
  1,183
  1,265
  1,350
  1,439
  1,531
  1,627
  1,727
  1,830
  1,939
  2,052
  2,170
Fixed operating expenses, $m
 
  157
  161
  165
  169
  173
  177
  182
  186
  191
  196
  201
  206
  211
  216
  222
  227
  233
  239
  245
  251
  257
  263
  270
  277
  284
  291
  298
  305
  313
  321
Total operating expenses, $m
  279
  313
  346
  382
  422
  464
  509
  558
  608
  663
  720
  775
  837
  902
  969
  1,040
  1,112
  1,189
  1,268
  1,349
  1,434
  1,522
  1,613
  1,709
  1,808
  1,911
  2,018
  2,128
  2,244
  2,365
  2,491
Operating income, $m
  1
  25
  57
  93
  132
  175
  221
  270
  323
  379
  438
  505
  570
  638
  709
  784
  861
  942
  1,026
  1,113
  1,203
  1,298
  1,396
  1,498
  1,605
  1,715
  1,831
  1,952
  2,077
  2,208
  2,345
EBITDA, $m
  14
  40
  74
  112
  154
  199
  248
  301
  357
  417
  479
  545
  615
  687
  763
  842
  924
  1,010
  1,099
  1,191
  1,288
  1,388
  1,492
  1,601
  1,714
  1,831
  1,954
  2,082
  2,215
  2,355
  2,500
Interest expense (income), $m
  1
  1
  2
  3
  5
  7
  8
  10
  12
  15
  17
  20
  22
  25
  28
  31
  34
  37
  41
  44
  48
  52
  56
  60
  64
  68
  73
  78
  83
  88
  93
Earnings before tax, $m
  -4
  25
  55
  90
  127
  168
  212
  260
  311
  364
  421
  485
  548
  613
  681
  753
  827
  904
  985
  1,069
  1,156
  1,246
  1,340
  1,439
  1,541
  1,647
  1,758
  1,874
  1,994
  2,120
  2,252
Tax expense, $m
  1
  7
  15
  24
  34
  45
  57
  70
  84
  98
  114
  131
  148
  166
  184
  203
  223
  244
  266
  289
  312
  336
  362
  388
  416
  445
  475
  506
  539
  573
  608
Net income, $m
  -5
  18
  40
  65
  93
  123
  155
  190
  227
  266
  307
  354
  400
  448
  497
  550
  604
  660
  719
  780
  844
  910
  979
  1,050
  1,125
  1,202
  1,283
  1,368
  1,456
  1,548
  1,644

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  40
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  383
  415
  494
  582
  678
  783
  895
  1,015
  1,142
  1,277
  1,419
  1,568
  1,724
  1,887
  2,057
  2,234
  2,419
  2,610
  2,810
  3,017
  3,232
  3,456
  3,688
  3,930
  4,182
  4,443
  4,716
  5,000
  5,296
  5,605
  5,926
Adjusted assets (=assets-cash), $m
  343
  415
  494
  582
  678
  783
  895
  1,015
  1,142
  1,277
  1,419
  1,568
  1,724
  1,887
  2,057
  2,234
  2,419
  2,610
  2,810
  3,017
  3,232
  3,456
  3,688
  3,930
  4,182
  4,443
  4,716
  5,000
  5,296
  5,605
  5,926
Revenue / Adjusted assets
  0.816
  0.814
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
  0.816
Average production assets, $m
  95
  115
  137
  161
  188
  216
  247
  281
  316
  353
  392
  434
  477
  522
  569
  618
  669
  722
  777
  835
  894
  956
  1,020
  1,087
  1,157
  1,229
  1,305
  1,383
  1,465
  1,550
  1,639
Working capital, $m
  92
  69
  82
  97
  113
  130
  149
  169
  190
  213
  236
  261
  287
  314
  342
  372
  403
  435
  468
  502
  538
  575
  614
  654
  696
  740
  785
  832
  882
  933
  987
Total debt, $m
  22
  52
  91
  134
  181
  232
  287
  346
  409
  475
  544
  617
  694
  774
  857
  944
  1,034
  1,128
  1,226
  1,327
  1,433
  1,542
  1,656
  1,775
  1,898
  2,026
  2,160
  2,299
  2,444
  2,595
  2,753
Total liabilities, $m
  173
  203
  242
  285
  332
  383
  438
  497
  560
  626
  695
  768
  845
  925
  1,008
  1,095
  1,185
  1,279
  1,377
  1,478
  1,584
  1,693
  1,807
  1,926
  2,049
  2,177
  2,311
  2,450
  2,595
  2,746
  2,904
Total equity, $m
  210
  211
  252
  297
  346
  399
  456
  517
  582
  651
  724
  800
  879
  962
  1,049
  1,139
  1,234
  1,331
  1,433
  1,539
  1,648
  1,762
  1,881
  2,004
  2,133
  2,266
  2,405
  2,550
  2,701
  2,858
  3,022
Total liabilities and equity, $m
  383
  414
  494
  582
  678
  782
  894
  1,014
  1,142
  1,277
  1,419
  1,568
  1,724
  1,887
  2,057
  2,234
  2,419
  2,610
  2,810
  3,017
  3,232
  3,455
  3,688
  3,930
  4,182
  4,443
  4,716
  5,000
  5,296
  5,604
  5,926
Debt-to-equity ratio
  0.105
  0.250
  0.360
  0.450
  0.520
  0.580
  0.630
  0.670
  0.700
  0.730
  0.750
  0.770
  0.790
  0.800
  0.820
  0.830
  0.840
  0.850
  0.860
  0.860
  0.870
  0.880
  0.880
  0.890
  0.890
  0.890
  0.900
  0.900
  0.900
  0.910
  0.910
Adjusted equity ratio
  0.496
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510
  0.510

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -5
  18
  40
  65
  93
  123
  155
  190
  227
  266
  307
  354
  400
  448
  497
  550
  604
  660
  719
  780
  844
  910
  979
  1,050
  1,125
  1,202
  1,283
  1,368
  1,456
  1,548
  1,644
Depreciation, amort., depletion, $m
  13
  15
  17
  19
  22
  25
  28
  31
  34
  38
  41
  41
  45
  49
  54
  58
  63
  68
  73
  79
  84
  90
  96
  103
  109
  116
  123
  130
  138
  146
  155
Funds from operations, $m
  14
  33
  58
  85
  115
  147
  183
  221
  261
  304
  349
  395
  445
  497
  551
  608
  667
  728
  792
  859
  928
  1,000
  1,075
  1,153
  1,234
  1,318
  1,406
  1,498
  1,594
  1,694
  1,799
Change in working capital, $m
  3
  12
  13
  15
  16
  17
  19
  20
  21
  22
  24
  25
  26
  27
  28
  29
  31
  32
  33
  34
  36
  37
  39
  40
  42
  44
  45
  47
  49
  51
  54
Cash from operations, $m
  11
  21
  44
  70
  99
  130
  164
  201
  240
  281
  325
  370
  419
  470
  523
  578
  636
  696
  759
  824
  892
  963
  1,036
  1,112
  1,192
  1,275
  1,361
  1,451
  1,545
  1,643
  1,745
Maintenance CAPEX, $m
  0
  -9
  -11
  -13
  -15
  -18
  -20
  -23
  -26
  -30
  -33
  -37
  -41
  -45
  -49
  -54
  -58
  -63
  -68
  -73
  -79
  -84
  -90
  -96
  -103
  -109
  -116
  -123
  -130
  -138
  -146
New CAPEX, $m
  -4
  -20
  -22
  -24
  -27
  -29
  -31
  -33
  -35
  -37
  -39
  -41
  -43
  -45
  -47
  -49
  -51
  -53
  -55
  -57
  -60
  -62
  -64
  -67
  -70
  -72
  -75
  -79
  -82
  -85
  -89
Cash from investing activities, $m
  -14
  -29
  -33
  -37
  -42
  -47
  -51
  -56
  -61
  -67
  -72
  -78
  -84
  -90
  -96
  -103
  -109
  -116
  -123
  -130
  -139
  -146
  -154
  -163
  -173
  -181
  -191
  -202
  -212
  -223
  -235
Free cash flow, $m
  -3
  -7
  12
  33
  57
  84
  113
  144
  178
  214
  252
  292
  335
  380
  427
  476
  527
  580
  636
  694
  754
  816
  882
  949
  1,020
  1,093
  1,170
  1,249
  1,333
  1,419
  1,510
Issuance/(repayment) of debt, $m
  -12
  35
  39
  43
  47
  51
  55
  59
  62
  66
  70
  73
  76
  80
  83
  87
  90
  94
  98
  101
  105
  110
  114
  118
  123
  128
  134
  139
  145
  151
  158
Issuance/(repurchase) of shares, $m
  36
  18
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  24
  53
  39
  43
  47
  51
  55
  59
  62
  66
  70
  73
  76
  80
  83
  87
  90
  94
  98
  101
  105
  110
  114
  118
  123
  128
  134
  139
  145
  151
  158
Total cash flow (excl. dividends), $m
  22
  46
  51
  76
  104
  135
  168
  203
  240
  280
  322
  365
  411
  459
  510
  562
  617
  674
  734
  795
  859
  926
  996
  1,068
  1,143
  1,222
  1,303
  1,389
  1,478
  1,570
  1,667
Retained Cash Flow (-), $m
  -32
  -36
  -41
  -45
  -49
  -53
  -57
  -61
  -65
  -69
  -72
  -76
  -80
  -83
  -87
  -90
  -94
  -98
  -102
  -106
  -110
  -114
  -119
  -123
  -128
  -134
  -139
  -145
  -151
  -157
  -164
Prev. year cash balance distribution, $m
 
  35
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  45
  10
  31
  55
  81
  110
  142
  175
  211
  250
  289
  332
  376
  423
  472
  523
  576
  632
  690
  750
  812
  877
  945
  1,015
  1,088
  1,164
  1,244
  1,327
  1,413
  1,503
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  43
  9
  27
  45
  63
  80
  96
  110
  121
  131
  137
  141
  143
  142
  139
  133
  125
  116
  106
  95
  84
  73
  62
  52
  42
  34
  27
  21
  15
  11
Current shareholders' claim on cash, %
  100
  92.9
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8
  92.8

Gilat Satellite Networks Ltd., together with its subsidiaries, provides broadband satellite communication, and networking solutions and services worldwide. The company designs, manufactures, and provides network management and equipment for satellite communication (Satcom), as well as professional services. Its equipment consists of very small aperture terminals, solid-state power amplifiers, block up converters, low-profile antennas, and on-the-move/on-the-pause terminals. In addition, the company offers various solutions, including fully managed Satcom, satellite capacity, remote network operation, call center support, hub and field operations, and build operate transfer of rural communication networks. It sells its products and solutions to communication service providers and operators, mobile network operators, and system integrators, as well as to defense and homeland security organizations, and directly to end-users. The company has a strategic partnership with Air Esurfing to provide in-flight connectivity for China’s domestic airline market; and a strategic collaboration with SES S.A. to focus on delivering affordable connectivity to a range of small ships and vessels left underserved at sea in the Caribbean and beyond. Gilat Satellite Networks Ltd. was founded in 1987 and is headquartered in Petah Tikva, Israel.

FINANCIAL RATIOS  of  Gilat Satellite Networks (GILT)

Valuation Ratios
P/E Ratio -59.1
Price to Sales 1.1
Price to Book 1.4
Price to Tangible Book
Price to Cash Flow 26.8
Price to Free Cash Flow 42.2
Growth Rates
Sales Growth Rate 41.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 0%
Cap. Spend. - 3 Yr. Gr. Rate 0%
Financial Strength
Quick Ratio 8
Current Ratio 0.6
LT Debt to Equity 8.1%
Total Debt to Equity 10.5%
Interest Coverage -3
Management Effectiveness
Return On Assets -1%
Ret/ On Assets - 3 Yr. Avg. -5.2%
Return On Total Capital -2.3%
Ret/ On T. Cap. - 3 Yr. Avg. -8.2%
Return On Equity -2.6%
Return On Equity - 3 Yr. Avg. -9.8%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 26.8%
Gross Margin - 3 Yr. Avg. 29.9%
EBITDA Margin 3.6%
EBITDA Margin - 3 Yr. Avg. -1.8%
Operating Margin 0.4%
Oper. Margin - 3 Yr. Avg. -6.4%
Pre-Tax Margin -1.4%
Pre-Tax Margin - 3 Yr. Avg. -8.9%
Net Profit Margin -1.8%
Net Profit Margin - 3 Yr. Avg. -9.6%
Effective Tax Rate -25%
Eff/ Tax Rate - 3 Yr. Avg. 57.7%
Payout Ratio 0%

GILT stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the GILT stock intrinsic value calculation we used $280 million for the last fiscal year's total revenue generated by Gilat Satellite Networks. The default revenue input number comes from 2016 income statement of Gilat Satellite Networks. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our GILT stock valuation model: a) initial revenue growth rate of 20.8% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for GILT is calculated based on our internal credit rating of Gilat Satellite Networks, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Gilat Satellite Networks.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of GILT stock the variable cost ratio is equal to 46.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $153 million in the base year in the intrinsic value calculation for GILT stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.6% for Gilat Satellite Networks.

Corporate tax rate of 27% is the nominal tax rate for Gilat Satellite Networks. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the GILT stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for GILT are equal to 33.9%.

Life of production assets of 10.6 years is the average useful life of capital assets used in Gilat Satellite Networks operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for GILT is equal to 20.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $210 million for Gilat Satellite Networks - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 53.102 million for Gilat Satellite Networks is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Gilat Satellite Networks at the current share price and the inputted number of shares is $0.3 billion.

RELATED COMPANIES Price Int.Val. Rating
CMTL Comtech Teleco 19.10 37.07  str.buy
VSAT ViaSat 59.12 9.95  str.sell
LLL L3 Technologie 178.59 198.00  hold
NSAT Norsat Interna 11.43 11.08  hold
GD General Dynami 197.99 201.80  hold
SATS EchoStar 57.63 55.61  hold

COMPANY NEWS

▶ Gilat posts 2Q profit   [Aug-08-17 11:59PM  Associated Press]
▶ Gilat to Report Second Quarter 2017 Results on August 8   [Jul-17-17 06:02AM  GlobeNewswire]
▶ Gilat reports 1Q loss   [07:18AM  Associated Press]
▶ Gilat to Report First Quarter 2017 Results on May 16   [Apr-20-17 06:15AM  GlobeNewswire]
▶ Gilat Announces Filing of 2016 Annual Report   [Mar-29-17 03:12PM  GlobeNewswire]
▶ Gilat posts 4Q profit   [Feb-14-17 10:32AM  Associated Press]
▶ Gilat Announces Third Quarter 2016 Results   [06:50AM  GlobeNewswire]
▶ Gilat reports 2Q loss   [Aug-10-16 08:15AM  AP]
▶ Gilat Announces Second Quarter 2016 Results   [08:03AM  GlobeNewswire]
▶ Gilats Second Quarter 2016 Earnings Announcement Schedule   [Jul-14-16 07:34AM  GlobeNewswire]
▶ SES and Gilat to Launch Hybrid Broadband Solution in Asia   [May-30-16 05:44AM  GlobeNewswire]
▶ Gilats First Quarter 2016 Earnings Announcement Schedule   [Apr-19-16 08:26AM  GlobeNewswire]
▶ Gilat Announces Results of Rights Offering   [Mar-24-16 07:05AM  GlobeNewswire]
▶ Gilat Announces Filing of 2015 Annual Report   [Mar-22-16 07:32AM  GlobeNewswire]
▶ Gilat Announces Commencement of Rights Offering   [Feb-18-16 10:40AM  GlobeNewswire]
▶ Gilat reports 4Q loss   [Feb-17-16 07:45AM  AP]
▶ Gilat Wins Bid of $108 Million for a New Project in Peru   [Dec-17  07:50AM  GlobeNewswire]
▶ Gilat reports 3Q loss   [Nov-18  07:57AM  AP]
Stock chart of GILT Financial statements of GILT
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.