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GIGACLOUD TECHNOLOGY INC - A (GCT) Stock Fundamental Analysis

NASDAQ:GCT - Nasdaq - KYG386441037 - Common Stock

20.62  +0.79 (+3.98%)

Premarket: 20.99 +0.37 (+1.79%)

Fundamental Rating

7

Overall GCT gets a fundamental rating of 7 out of 10. We evaluated GCT against 15 industry peers in the Distributors industry. While GCT has a great profitability rating, there are some minor concerns on its financial health. GCT is evaluated to be cheap and growing strongly. This does not happen too often! With these ratings, GCT could be worth investigating further for value and growth investing!.


Dividend Valuation Growth Profitability Health

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7

1. Profitability

1.1 Basic Checks

In the past year GCT was profitable.
GCT had a positive operating cash flow in the past year.
GCT had positive earnings in each of the past 5 years.
In the past 5 years GCT always reported a positive cash flow from operatings.
GCT Yearly Net Income VS EBIT VS OCF VS FCFGCT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2019 2020 2021 2022 2023 20M 40M 60M 80M 100M

1.2 Ratios

With an excellent Return On Assets value of 12.15%, GCT belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
Looking at the Return On Equity, with a value of 32.57%, GCT belongs to the top of the industry, outperforming 92.86% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 13.80%, GCT is in the better half of the industry, outperforming 78.57% of the companies in the same industry.
GCT had an Average Return On Invested Capital over the past 3 years of 15.64%. This is below the industry average of 18.88%.
Industry RankSector Rank
ROA 12.15%
ROE 32.57%
ROIC 13.8%
ROA(3y)6.48%
ROA(5y)6.94%
ROE(3y)15.7%
ROE(5y)14.55%
ROIC(3y)15.64%
ROIC(5y)20.04%
GCT Yearly ROA, ROE, ROICGCT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2019 2020 2021 2022 2023 10 20 30

1.3 Margins

With an excellent Profit Margin value of 11.75%, GCT belongs to the best of the industry, outperforming 92.86% of the companies in the same industry.
In the last couple of years the Profit Margin of GCT has grown nicely.
GCT's Operating Margin of 12.93% is amongst the best of the industry. GCT outperforms 92.86% of its industry peers.
In the last couple of years the Operating Margin of GCT has remained more or less at the same level.
GCT has a Gross Margin (26.13%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of GCT has remained more or less at the same level.
Industry RankSector Rank
OM 12.93%
PM (TTM) 11.75%
GM 26.13%
OM growth 3Y0.12%
OM growth 5YN/A
PM growth 3Y41.51%
PM growth 5YN/A
GM growth 3Y-0.56%
GM growth 5YN/A
GCT Yearly Profit, Operating, Gross MarginsGCT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2019 2020 2021 2022 2023 5 10 15 20 25

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6

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), GCT is creating some value.
GCT has more shares outstanding than it did 1 year ago.
Compared to 1 year ago, GCT has an improved debt to assets ratio.
GCT Yearly Shares OutstandingGCT Yearly Shares OutstandingYearly Shares Outstanding 2019 2020 2021 2022 2023 10M 20M 30M 40M
GCT Yearly Total Debt VS Total AssetsGCT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2019 2020 2021 2022 2023 200M 400M 600M 800M

2.2 Solvency

An Altman-Z score of 2.90 indicates that GCT is not a great score, but indicates only limited risk for bankruptcy at the moment.
GCT has a Altman-Z score (2.90) which is in line with its industry peers.
The Debt to FCF ratio of GCT is 0.00, which is an excellent value as it means it would take GCT, only 0.00 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.00, GCT belongs to the top of the industry, outperforming 85.71% of the companies in the same industry.
GCT has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of GCT (0.00) is better than 78.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 2.9
ROIC/WACC1.05
WACC13.16%
GCT Yearly LT Debt VS Equity VS FCFGCT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2019 2020 2021 2022 2023 50M 100M 150M 200M 250M

2.3 Liquidity

GCT has a Current Ratio of 2.13. This indicates that GCT is financially healthy and has no problem in meeting its short term obligations.
GCT has a Current ratio (2.13) which is in line with its industry peers.
GCT has a Quick Ratio of 1.39. This is a normal value and indicates that GCT is financially healthy and should not expect problems in meeting its short term obligations.
GCT's Quick ratio of 1.39 is fine compared to the rest of the industry. GCT outperforms 64.29% of its industry peers.
Industry RankSector Rank
Current Ratio 2.13
Quick Ratio 1.39
GCT Yearly Current Assets VS Current LiabilitesGCT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2019 2020 2021 2022 2023 100M 200M 300M

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9

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 106.58% over the past year.
GCT shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 92.98% yearly.
The Revenue has grown by 89.85% in the past year. This is a very strong growth!
Measured over the past years, GCT shows a very strong growth in Revenue. The Revenue has been growing by 36.70% on average per year.
EPS 1Y (TTM)106.58%
EPS 3Y92.98%
EPS 5YN/A
EPS Q2Q%66.1%
Revenue 1Y (TTM)89.85%
Revenue growth 3Y36.7%
Revenue growth 5YN/A
Sales Q2Q%70.24%

3.2 Future

GCT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 29.77% yearly.
Based on estimates for the next years, GCT will show a very strong growth in Revenue. The Revenue will grow by 33.53% on average per year.
EPS Next Y48.17%
EPS Next 2Y31.13%
EPS Next 3Y29.77%
EPS Next 5YN/A
Revenue Next Year61.73%
Revenue Next 2Y38.73%
Revenue Next 3Y33.53%
Revenue Next 5YN/A

3.3 Evolution

The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
GCT Yearly Revenue VS EstimatesGCT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 500M 1B 1.5B
GCT Yearly EPS VS EstimatesGCT Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3 4

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8

4. Valuation

4.1 Price/Earnings Ratio

GCT is valuated cheaply with a Price/Earnings ratio of 5.44.
Based on the Price/Earnings ratio, GCT is valued cheaper than 100.00% of the companies in the same industry.
When comparing the Price/Earnings ratio of GCT to the average of the S&P500 Index (28.29), we can say GCT is valued rather cheaply.
Based on the Price/Forward Earnings ratio of 5.79, the valuation of GCT can be described as very cheap.
GCT's Price/Forward Earnings ratio is rather cheap when compared to the industry. GCT is cheaper than 100.00% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 24.44, GCT is valued rather cheaply.
Industry RankSector Rank
PE 5.44
Fwd PE 5.79
GCT Price Earnings VS Forward Price EarningsGCT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, GCT is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
GCT's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 6.88
EV/EBITDA 3.59
GCT Per share dataGCT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

GCT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
GCT has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as GCT's earnings are expected to grow with 29.77% in the coming years.
PEG (NY)0.11
PEG (5Y)N/A
EPS Next 2Y31.13%
EPS Next 3Y29.77%

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0

5. Dividend

5.1 Amount

GCT does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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GIGACLOUD TECHNOLOGY INC - A

NASDAQ:GCT (1/21/2025, 8:02:54 PM)

Premarket: 20.99 +0.37 (+1.79%)

20.62

+0.79 (+3.98%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryDistributors
Earnings (Last)11-07 2024-11-07/amc
Earnings (Next)N/A N/A
Inst Owners38.53%
Inst Owner ChangeN/A
Ins Owners7.14%
Ins Owner Change4.37%
Market Cap844.80M
Analysts80
Price Target51.59 (150.19%)
Short Float %20.08%
Short Ratio4.13
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)43.87%
Min EPS beat(2)43.63%
Max EPS beat(2)44.1%
EPS beat(4)4
Avg EPS beat(4)45.32%
Min EPS beat(4)33.07%
Max EPS beat(4)60.46%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)9.42%
Min Revenue beat(2)7.42%
Max Revenue beat(2)11.42%
Revenue beat(4)4
Avg Revenue beat(4)7.31%
Min Revenue beat(4)2.3%
Max Revenue beat(4)11.42%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.56%
PT rev (3m)-1.56%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-19.8%
EPS NY rev (1m)0%
EPS NY rev (3m)4.74%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.95%
Revenue NY rev (1m)-0.09%
Revenue NY rev (3m)-0.89%
Valuation
Industry RankSector Rank
PE 5.44
Fwd PE 5.79
P/S 0.76
P/FCF 6.88
P/OCF 6.02
P/B 2.11
P/tB 2.22
EV/EBITDA 3.59
EPS(TTM)3.79
EY18.38%
EPS(NY)3.56
Fwd EY17.27%
FCF(TTM)3
FCFY14.54%
OCF(TTM)3.43
OCFY16.62%
SpS27.09
BVpS9.77
TBVpS9.3
PEG (NY)0.11
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 12.15%
ROE 32.57%
ROCE 17.38%
ROIC 13.8%
ROICexc 20.12%
ROICexgc 20.84%
OM 12.93%
PM (TTM) 11.75%
GM 26.13%
FCFM 11.06%
ROA(3y)6.48%
ROA(5y)6.94%
ROE(3y)15.7%
ROE(5y)14.55%
ROIC(3y)15.64%
ROIC(5y)20.04%
ROICexc(3y)27.57%
ROICexc(5y)45.19%
ROICexgc(3y)27.88%
ROICexgc(5y)45.38%
ROCE(3y)19.7%
ROCE(5y)25.25%
ROICexcg growth 3Y-45.29%
ROICexcg growth 5YN/A
ROICexc growth 3Y-46.14%
ROICexc growth 5YN/A
OM growth 3Y0.12%
OM growth 5YN/A
PM growth 3Y41.51%
PM growth 5YN/A
GM growth 3Y-0.56%
GM growth 5YN/A
F-Score5
Asset Turnover1.03
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 220.6%
Cap/Sales 1.59%
Interest Coverage 250
Cash Conversion 92.64%
Profit Quality 94.15%
Current Ratio 2.13
Quick Ratio 1.39
Altman-Z 2.9
F-Score5
WACC13.16%
ROIC/WACC1.05
Cap/Depr(3y)146.05%
Cap/Depr(5y)288.77%
Cap/Sales(3y)0.4%
Cap/Sales(5y)0.44%
Profit Quality(3y)181.64%
Profit Quality(5y)160.7%
High Growth Momentum
Growth
EPS 1Y (TTM)106.58%
EPS 3Y92.98%
EPS 5YN/A
EPS Q2Q%66.1%
EPS Next Y48.17%
EPS Next 2Y31.13%
EPS Next 3Y29.77%
EPS Next 5YN/A
Revenue 1Y (TTM)89.85%
Revenue growth 3Y36.7%
Revenue growth 5YN/A
Sales Q2Q%70.24%
Revenue Next Year61.73%
Revenue Next 2Y38.73%
Revenue Next 3Y33.53%
Revenue Next 5YN/A
EBIT growth 1Y63.14%
EBIT growth 3Y36.86%
EBIT growth 5YN/A
EBIT Next Year59.04%
EBIT Next 3Y35.67%
EBIT Next 5YN/A
FCF growth 1Y165.56%
FCF growth 3Y58.15%
FCF growth 5YN/A
OCF growth 1Y197.56%
OCF growth 3Y58.87%
OCF growth 5YN/A