PCTEL INC (PCTI) Fundamental Analysis & Valuation

NASDAQ:PCTI • US69325Q1058

Current stock price

6.99 USD
-0.01 (-0.14%)
At close:
6.99 USD
0 (0%)
After Hours:

This PCTI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. PCTI Profitability Analysis

1.1 Basic Checks

  • PCTI had positive earnings in the past year.
  • PCTI had a positive operating cash flow in the past year.
PCTI Yearly Net Income VS EBIT VS OCF VS FCFPCTI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 0 10M -10M

1.2 Ratios

  • PCTI has a Return On Assets of 5.13%. This is in the better half of the industry: PCTI outperforms 76.27% of its industry peers.
  • PCTI's Return On Equity of 6.31% is fine compared to the rest of the industry. PCTI outperforms 71.19% of its industry peers.
  • With a decent Return On Invested Capital value of 4.25%, PCTI is doing good in the industry, outperforming 62.71% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for PCTI is significantly below the industry average of 10.22%.
  • The 3 year average ROIC (2.82%) for PCTI is below the current ROIC(4.25%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.13%
ROE 6.31%
ROIC 4.25%
ROA(3y)2.45%
ROA(5y)-0.83%
ROE(3y)3.09%
ROE(5y)-0.82%
ROIC(3y)2.82%
ROIC(5y)N/A
PCTI Yearly ROA, ROE, ROICPCTI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 0 5 -5 -10 -15 -20

1.3 Margins

  • PCTI has a better Profit Margin (4.90%) than 66.10% of its industry peers.
  • PCTI's Profit Margin has declined in the last couple of years.
  • PCTI has a Operating Margin (4.37%) which is comparable to the rest of the industry.
  • PCTI's Operating Margin has improved in the last couple of years.
  • PCTI's Gross Margin of 48.68% is fine compared to the rest of the industry. PCTI outperforms 71.19% of its industry peers.
  • PCTI's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 4.37%
PM (TTM) 4.9%
GM 48.68%
OM growth 3Y-2.07%
OM growth 5Y17.43%
PM growth 3Y-11.4%
PM growth 5Y-6.84%
GM growth 3Y0.12%
GM growth 5Y1.61%
PCTI Yearly Profit, Operating, Gross MarginsPCTI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 0 20 -20 40

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8

2. PCTI Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so PCTI is destroying value.
  • The number of shares outstanding for PCTI has been increased compared to 1 year ago.
  • Compared to 1 year ago, PCTI has an improved debt to assets ratio.
PCTI Yearly Shares OutstandingPCTI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 5M 10M 15M
PCTI Yearly Total Debt VS Total AssetsPCTI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M 80M

2.2 Solvency

  • An Altman-Z score of 6.12 indicates that PCTI is not in any danger for bankruptcy at the moment.
  • PCTI's Altman-Z score of 6.12 is amongst the best of the industry. PCTI outperforms 91.53% of its industry peers.
  • The Debt to FCF ratio of PCTI is 0.02, which is an excellent value as it means it would take PCTI, only 0.02 years of fcf income to pay off all of its debts.
  • With an excellent Debt to FCF ratio value of 0.02, PCTI belongs to the best of the industry, outperforming 88.14% of the companies in the same industry.
  • A Debt/Equity ratio of 0.00 indicates that PCTI is not too dependend on debt financing.
  • The Debt to Equity ratio of PCTI (0.00) is better than 74.58% of its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.02
Altman-Z 6.12
ROIC/WACC0.5
WACC8.53%
PCTI Yearly LT Debt VS Equity VS FCFPCTI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M 80M

2.3 Liquidity

  • A Current Ratio of 5.19 indicates that PCTI has no problem at all paying its short term obligations.
  • PCTI's Current ratio of 5.19 is amongst the best of the industry. PCTI outperforms 89.83% of its industry peers.
  • A Quick Ratio of 3.85 indicates that PCTI has no problem at all paying its short term obligations.
  • Looking at the Quick ratio, with a value of 3.85, PCTI belongs to the top of the industry, outperforming 88.14% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 5.19
Quick Ratio 3.85
PCTI Yearly Current Assets VS Current LiabilitesPCTI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M

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1

3. PCTI Growth Analysis

3.1 Past

  • The earnings per share for PCTI have decreased by -7.89% in the last year.
  • Measured over the past years, PCTI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 10.07% on average per year.
  • The Revenue for PCTI has decreased by -12.72% in the past year. This is quite bad
  • PCTI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.69% yearly.
EPS 1Y (TTM)-7.89%
EPS 3Y-3.68%
EPS 5Y10.07%
EPS Q2Q%-100%
Revenue 1Y (TTM)-12.72%
Revenue growth 3Y3.14%
Revenue growth 5Y1.69%
Sales Q2Q%-33.09%

3.2 Future

  • PCTI is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -7.80% yearly.
  • Based on estimates for the next years, PCTI will show a decrease in Revenue. The Revenue will decrease by -3.06% on average per year.
EPS Next Y-29.57%
EPS Next 2Y-7.8%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-14.62%
Revenue Next 2Y-3.06%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
PCTI Yearly Revenue VS EstimatesPCTI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M
PCTI Yearly EPS VS EstimatesPCTI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 0.1 0.2 0.3 0.4

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4

4. PCTI Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 19.97, PCTI is valued on the expensive side.
  • 61.02% of the companies in the same industry are more expensive than PCTI, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 25.54, PCTI is valued a bit cheaper.
  • With a Price/Forward Earnings ratio of 19.58, PCTI is valued on the expensive side.
  • The rest of the industry has a similar Price/Forward Earnings ratio as PCTI.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, PCTI is valued at the same level.
Industry RankSector Rank
PE 19.97
Fwd PE 19.58
PCTI Price Earnings VS Forward Price EarningsPCTI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, PCTI is valued a bit cheaper than the industry average as 74.58% of the companies are valued more expensively.
  • PCTI's Price/Free Cash Flow ratio is rather cheap when compared to the industry. PCTI is cheaper than 83.05% of the companies in the same industry.
Industry RankSector Rank
P/FCF 14.1
EV/EBITDA 11.41
PCTI Per share dataPCTI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4

4.3 Compensation for Growth

  • A cheap valuation may be justified as PCTI's earnings are expected to decrease with -7.80% in the coming years.
PEG (NY)N/A
PEG (5Y)1.98
EPS Next 2Y-7.8%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. PCTI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 3.15%, PCTI has a reasonable but not impressive dividend return.
  • PCTI's Dividend Yield is rather good when compared to the industry average which is at 0.76. PCTI pays more dividend than 89.83% of the companies in the same industry.
  • PCTI's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 3.15%

5.2 History

  • The dividend of PCTI has a limited annual growth rate of 0.90%.
  • PCTI has paid a dividend for at least 10 years, which is a reliable track record.
  • PCTI has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.9%
Div Incr Years0
Div Non Decr Years11
PCTI Yearly Dividends per sharePCTI Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 0.05 0.1 0.15 0.2

5.3 Sustainability

  • 97.89% of the earnings are spent on dividend by PCTI. This is not a sustainable payout ratio.
  • The Dividend Rate of PCTI has been growing, while earnings will be declining. This means the dividend growth is most likely not sustainable.
DP97.89%
EPS Next 2Y-7.8%
EPS Next 3YN/A
PCTI Yearly Income VS Free CF VS DividendPCTI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 0 5M -5M -10M -15M
PCTI Dividend Payout.PCTI Dividend Payout, showing the Payout Ratio.PCTI Dividend Payout.PayoutRetained Earnings

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PCTI Fundamentals: All Metrics, Ratios and Statistics

PCTEL INC

NASDAQ:PCTI (12/15/2023, 8:09:10 PM)

After market: 6.99 0 (0%)

6.99

-0.01 (-0.14%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)11-08
Earnings (Next)03-05
Inst Owners0.34%
Inst Owner Change0%
Ins Owners5.47%
Ins Owner Change0%
Market Cap135.26M
Revenue(TTM)86.86M
Net Income(TTM)4.26M
Analysts43.33
Price Target7.14 (2.15%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 3.15%
Yearly Dividend0.22
Dividend Growth(5Y)0.9%
DP97.89%
Div Incr Years0
Div Non Decr Years11
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)14.38%
Min EPS beat(2)-100%
Max EPS beat(2)128.76%
EPS beat(4)2
Avg EPS beat(4)40.52%
Min EPS beat(4)-100%
Max EPS beat(4)135.29%
EPS beat(8)6
Avg EPS beat(8)75.74%
EPS beat(12)9
Avg EPS beat(12)66.61%
EPS beat(16)11
Avg EPS beat(16)55.36%
Revenue beat(2)0
Avg Revenue beat(2)-9.21%
Min Revenue beat(2)-16.83%
Max Revenue beat(2)-1.58%
Revenue beat(4)1
Avg Revenue beat(4)-5.15%
Min Revenue beat(4)-16.83%
Max Revenue beat(4)0.09%
Revenue beat(8)3
Avg Revenue beat(8)-1.58%
Revenue beat(12)4
Avg Revenue beat(12)-1.44%
Revenue beat(16)4
Avg Revenue beat(16)-2.24%
PT rev (1m)0%
PT rev (3m)-22.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)99900%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.06%
Valuation
Industry RankSector Rank
PE 19.97
Fwd PE 19.58
P/S 1.56
P/FCF 14.1
P/OCF 12.19
P/B 2.01
P/tB 2.22
EV/EBITDA 11.41
EPS(TTM)0.35
EY5.01%
EPS(NY)0.36
Fwd EY5.11%
FCF(TTM)0.5
FCFY7.09%
OCF(TTM)0.57
OCFY8.21%
SpS4.49
BVpS3.48
TBVpS3.14
PEG (NY)N/A
PEG (5Y)1.98
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 5.13%
ROE 6.31%
ROCE 5.37%
ROIC 4.25%
ROICexc 8.05%
ROICexgc 9.78%
OM 4.37%
PM (TTM) 4.9%
GM 48.68%
FCFM 11.04%
ROA(3y)2.45%
ROA(5y)-0.83%
ROE(3y)3.09%
ROE(5y)-0.82%
ROIC(3y)2.82%
ROIC(5y)N/A
ROICexc(3y)5.1%
ROICexc(5y)N/A
ROICexgc(3y)5.89%
ROICexgc(5y)N/A
ROCE(3y)3.57%
ROCE(5y)N/A
ROICexgc growth 3Y-1.03%
ROICexgc growth 5Y22.36%
ROICexc growth 3Y-3.65%
ROICexc growth 5Y21.11%
OM growth 3Y-2.07%
OM growth 5Y17.43%
PM growth 3Y-11.4%
PM growth 5Y-6.84%
GM growth 3Y0.12%
GM growth 5Y1.61%
F-Score6
Asset Turnover1.05
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.02
Debt/EBITDA 0.02
Cap/Depr 59.68%
Cap/Sales 1.74%
Interest Coverage 250
Cash Conversion 175.36%
Profit Quality 225.12%
Current Ratio 5.19
Quick Ratio 3.85
Altman-Z 6.12
F-Score6
WACC8.53%
ROIC/WACC0.5
Cap/Depr(3y)75.25%
Cap/Depr(5y)71.31%
Cap/Sales(3y)2.92%
Cap/Sales(5y)2.91%
Profit Quality(3y)686.53%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-7.89%
EPS 3Y-3.68%
EPS 5Y10.07%
EPS Q2Q%-100%
EPS Next Y-29.57%
EPS Next 2Y-7.8%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-12.72%
Revenue growth 3Y3.14%
Revenue growth 5Y1.69%
Sales Q2Q%-33.09%
Revenue Next Year-14.62%
Revenue Next 2Y-3.06%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y44.49%
EBIT growth 3Y1%
EBIT growth 5Y19.42%
EBIT Next Year-3.23%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y48.91%
FCF growth 3Y-27.21%
FCF growth 5Y-11.92%
OCF growth 1Y21.05%
OCF growth 3Y-27.57%
OCF growth 5Y-14.29%

PCTEL INC / PCTI Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for PCTEL INC?

ChartMill assigns a fundamental rating of 5 / 10 to PCTI.


What is the valuation status for PCTI stock?

ChartMill assigns a valuation rating of 4 / 10 to PCTEL INC (PCTI). This can be considered as Fairly Valued.


How profitable is PCTEL INC (PCTI) stock?

PCTEL INC (PCTI) has a profitability rating of 6 / 10.


What is the expected EPS growth for PCTEL INC (PCTI) stock?

The Earnings per Share (EPS) of PCTEL INC (PCTI) is expected to decline by -29.57% in the next year.


How sustainable is the dividend of PCTEL INC (PCTI) stock?

The dividend rating of PCTEL INC (PCTI) is 5 / 10 and the dividend payout ratio is 97.89%.