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Gilat Satellite Networks Ltd.
Gilat Satellite Networks Ltd. (NASDAQ: GILT) is a global leader in satellite-based broadband communications services. It designs and manufactures modern ground segment equipment with cutting-edge technology and offers complete solutions and end-to-end services. The company's products include a cloud-based VSAT network platform, high-speed modems, high-performance on-the-go antennas, high-efficiency, high-power Solid-State Amplifiers (SSPA), and Block Upconverters (BUC).
Why Should Investors Make An Exit?
Valuation Methodology: EV/Sales Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's FY1 trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
Stock Recommendation:
SMED's share price has declined 21.19% in the past nine months and is currently leaning towards the lower band of the 52-week range of USD 6.58 to USD 11.20. We have valued the stock using the EV/Sales-based relative valuation methodology and arrived at a target price of USD 7.22.
Considering the company's long cash conversion cycle, declining margins, current valuation and associated risks. we recommend a "Sell" rating on the stock at the current price of USD 8.21, down 2.72% as of April 08, 2022, at 10:46 AM PDT.
Three-Year Technical Price Chart (as of April 08, 2022, at 10:46 AM PDT). Source: REFINITIV, Analysis by Kalkine Group
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.