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PCTEL

Nasdaq:PCTI
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PCTI
Nasdaq
$146M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

PCTEL, Inc., together with its subsidiaries, delivers performance critical telecom solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The last earnings update was 3 days ago. More info.


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  • PCTEL has significant price volatility in the past 3 months.
PCTI Share Price and Events
7 Day Returns
15.2%
NasdaqGS:PCTI
4.7%
US Communications
0.9%
US Market
1 Year Returns
86.1%
NasdaqGS:PCTI
1.1%
US Communications
10.5%
US Market
PCTI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
PCTEL (PCTI) 15.2% 0% 52.8% 86.1% 56.9% -0.7%
US Communications 4.7% 5.9% -3.8% 1.1% 42.8% 65.8%
US Market 0.9% 5.2% 5.4% 10.5% 40.1% 45%
1 Year Return vs Industry and Market
  • PCTI outperformed the Communications industry which returned 1.1% over the past year.
  • PCTI outperformed the Market in United States of America which returned 10.5% over the past year.
Price Volatility
PCTI
Industry
5yr Volatility vs Market
Related Companies

Value

 Is PCTEL undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of PCTEL to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for PCTEL.

NasdaqGS:PCTI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:PCTI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Communications Unlevered Beta Simply Wall St/ S&P Global 1.13
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.131 (1 + (1- 21%) (0%))
1.088
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.088 * 5.96%)
9.21%

Discounted Cash Flow Calculation for NasdaqGS:PCTI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for PCTEL is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:PCTI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.21%)
2020 6.39 Analyst x1 5.85
2021 7.17 Est @ 12.17% 6.01
2022 7.84 Est @ 9.34% 6.02
2023 8.42 Est @ 7.36% 5.92
2024 8.92 Est @ 5.97% 5.74
2025 9.37 Est @ 5% 5.52
2026 9.77 Est @ 4.32% 5.27
2027 10.14 Est @ 3.84% 5.01
2028 10.50 Est @ 3.51% 4.75
2029 10.84 Est @ 3.27% 4.49
Present value of next 10 years cash flows $54.00
NasdaqGS:PCTI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $10.84 × (1 + 2.73%) ÷ (9.21% – 2.73%)
$171.82
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $171.82 ÷ (1 + 9.21%)10
$71.17
NasdaqGS:PCTI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $54.00 + $71.17
$125.17
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $125.17 / 17.87
$7
NasdaqGS:PCTI Discount to Share Price
Calculation Result
Value per share (USD) From above. $7.00
Current discount Discount to share price of $8.19
= -1 x ($8.19 - $7.00) / $7.00
-16.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of PCTEL is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for PCTEL's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are PCTEL's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:PCTI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.41
NasdaqGS:PCTI Share Price ** NasdaqGS (2019-11-08) in USD $8.19
United States of America Communications Industry PE Ratio Median Figure of 30 Publicly-Listed Communications Companies 24.34x
United States of America Market PE Ratio Median Figure of 2,915 Publicly-Listed Companies 18.21x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of PCTEL.

NasdaqGS:PCTI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:PCTI Share Price ÷ EPS (both in USD)

= 8.19 ÷ -0.41

-20.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PCTEL is loss making, we can't compare its value to the US Communications industry average.
  • PCTEL is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does PCTEL's expected growth come at a high price?
Raw Data
NasdaqGS:PCTI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -20.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
Not available
United States of America Communications Industry PEG Ratio Median Figure of 19 Publicly-Listed Communications Companies 1.44x
United States of America Market PEG Ratio Median Figure of 2,014 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for PCTEL, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on PCTEL's assets?
Raw Data
NasdaqGS:PCTI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $3.85
NasdaqGS:PCTI Share Price * NasdaqGS (2019-11-08) in USD $8.19
United States of America Communications Industry PB Ratio Median Figure of 61 Publicly-Listed Communications Companies 1.85x
United States of America Market PB Ratio Median Figure of 5,041 Publicly-Listed Companies 1.74x
NasdaqGS:PCTI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:PCTI Share Price ÷ Book Value per Share (both in USD)

= 8.19 ÷ 3.85

2.13x

* Primary Listing of PCTEL.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • PCTEL is overvalued based on assets compared to the US Communications industry average.
X
Value checks
We assess PCTEL's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check)
  5. PCTEL has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is PCTEL expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
133.7%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is PCTEL expected to grow at an attractive rate?
  • PCTEL's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • PCTEL's earnings growth is expected to exceed the United States of America market average.
  • PCTEL's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:PCTI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:PCTI Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 133.7%
NasdaqGS:PCTI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 4.9%
United States of America Communications Industry Earnings Growth Rate Market Cap Weighted Average 12%
United States of America Communications Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.2%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:PCTI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:PCTI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 95 3 2
2019-12-31 92 1
2019-11-10
NasdaqGS:PCTI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 89 7 -7
2019-06-30 84 7 -10
2019-03-31 82 7 -12
2018-12-31 83 4 -13
2018-09-30 85 7 0
2018-06-30 90 7 2
2018-03-31 90 6 3
2017-12-31 91 9 4
2017-09-30 92 10 -4
2017-06-30 89 10 -4
2017-03-31 89 11 -12
2016-12-31 85 11 -13

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • PCTEL's earnings are expected to grow significantly at over 20% yearly.
  • PCTEL's revenue is expected to grow by 4.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:PCTI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from PCTEL Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PCTI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.05 0.16 -0.06 2.00
2019-12-31 0.01 0.01 0.01 1.00
2019-11-10
NasdaqGS:PCTI Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.41
2019-06-30 -0.58
2019-03-31 -0.71
2018-12-31 -0.75
2018-09-30 -0.03
2018-06-30 0.11
2018-03-31 0.18
2017-12-31 0.24
2017-09-30 -0.23
2017-06-30 -0.27
2017-03-31 -0.75
2016-12-31 -0.79

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if PCTEL will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess PCTEL's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
PCTEL has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has PCTEL performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare PCTEL's growth in the last year to its industry (Communications).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • PCTEL does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare PCTEL's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare PCTEL's 1-year growth to the US Communications industry average as it is not currently profitable.
Earnings and Revenue History
PCTEL's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from PCTEL Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PCTI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 88.96 -7.18 24.92 12.05
2019-06-30 83.76 -10.18 24.76 11.87
2019-03-31 81.84 -12.35 23.97 11.91
2018-12-31 82.98 -12.89 23.94 11.85
2018-09-30 85.04 -0.47 24.40 12.02
2018-06-30 90.28 1.93 24.78 11.75
2018-03-31 90.20 2.97 24.97 11.37
2017-12-31 91.44 4.01 25.44 11.14
2017-09-30 91.76 -3.85 25.70 10.72
2017-06-30 88.99 -4.48 25.38 10.41
2017-03-31 88.79 -12.08 25.32 10.27
2016-12-31 85.01 -12.80 24.62 10.16
2016-09-30 87.52 -9.05 23.93 10.28
2016-06-30 93.16 -10.20 24.41 10.69
2016-03-31 99.47 -2.07 24.40 11.07
2015-12-31 90.53 -0.73 23.49 11.21
2015-09-30 109.87 1.25 24.32 11.27
2015-06-30 111.28 4.53 24.04 11.07
2015-03-31 109.83 4.73 24.49 11.23
2014-12-31 107.16 4.61 25.78 11.74
2014-09-30 103.73 3.07 23.26 12.07
2014-06-30 102.27 1.60 23.57 12.14
2014-03-31 102.84 1.24 23.68 11.76
2013-12-31 104.25 3.34 25.14 11.06
2013-09-30 104.13 -4.36 27.42 10.37
2013-06-30 103.51 -4.42 26.39 9.99
2013-03-31 96.76 -3.84 24.75 9.03
2012-12-31 88.85 -6.67 22.33 9.29

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if PCTEL has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if PCTEL has efficiently used its assets last year compared to the US Communications industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if PCTEL improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess PCTEL's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
PCTEL has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is PCTEL's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up PCTEL's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • PCTEL is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • PCTEL's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of PCTEL's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are -52.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from PCTEL Company Filings, last reported 1 month ago.

NasdaqGS:PCTI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 71.48 0.00 38.07
2019-06-30 70.13 0.00 36.76
2019-03-31 68.90 0.00 35.04
2018-12-31 69.61 0.00 35.20
2018-09-30 79.28 0.00 37.15
2018-06-30 81.09 0.00 36.51
2018-03-31 82.55 0.00 34.74
2017-12-31 83.32 0.00 38.06
2017-09-30 79.86 0.00 36.51
2017-06-30 79.08 0.00 34.22
2017-03-31 78.64 0.00 32.96
2016-12-31 78.53 0.00 33.31
2016-09-30 84.39 0.00 31.20
2016-06-30 84.20 0.00 29.28
2016-03-31 95.02 0.00 27.88
2015-12-31 100.40 0.00 31.78
2015-09-30 104.23 0.00 34.32
2015-06-30 112.13 0.00 41.26
2015-03-31 115.20 0.00 38.86
2014-12-31 115.52 0.00 60.01
2014-09-30 113.64 0.00 58.89
2014-06-30 110.59 0.00 53.89
2014-03-31 111.28 0.00 56.17
2013-12-31 112.05 0.00 57.90
2013-09-30 111.13 0.00 54.94
2013-06-30 109.63 0.00 51.48
2013-03-31 109.44 0.00 52.00
2012-12-31 108.15 0.00 51.14
  • Unable to establish if PCTEL's level of debt is high without past debt data.
  • Unable to establish if PCTEL's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making PCTEL has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making PCTEL has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 29.2% per year.
X
Financial health checks
We assess PCTEL's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. PCTEL has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is PCTEL's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.69%
Current annual income from PCTEL dividends.
If you bought $2,000 of PCTEL shares you are expected to receive $54 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • PCTEL's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • PCTEL's dividend is below the markets top 25% of dividend payers in United States of America (3.66%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:PCTI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Communications Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1944 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:PCTI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
2019-11-10
NasdaqGS:PCTI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-10-25 0.220 3.031
2019-07-26 0.220 3.333
2019-04-25 0.220 4.537
2019-01-25 0.220 4.276
2018-10-26 0.220 5.043
2018-04-27 0.220 4.049
2018-01-26 0.220 3.099
2017-10-27 0.220 2.991
2017-06-26 0.220 3.344
2017-04-28 0.200 2.914
2017-01-27 0.200 3.257
2016-10-25 0.200 3.831
2016-07-25 0.200 3.846
2016-04-22 0.200 4.325
2016-01-28 0.200 4.007
2015-10-23 0.200 4.048
2015-07-24 0.200 3.355
2015-04-24 0.200 2.714
2014-11-13 0.200 2.432
2014-10-27 0.160 2.066
2014-07-25 0.160 2.091
2014-04-22 0.160 2.082
2013-11-18 0.160 1.793
2013-10-24 0.140 1.492
2013-07-25 0.140 1.577
2013-04-25 0.140 1.817
2012-11-16 0.140 2.010
2012-10-25 0.120 1.931
2012-07-25 0.120 1.861
2012-04-25 0.120 1.879
2012-01-25 0.120 1.705
2011-10-24 0.120 1.698

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, PCTEL has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but PCTEL only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of PCTEL's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess PCTEL's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can PCTEL afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. PCTEL has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of PCTEL's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
David Neumann
COMPENSATION $677,774
AGE 53
TENURE AS CEO 2.8 years
CEO Bio

Mr. David A. Neumann has been the Chief Executive Officer and Director of PCTEL, Inc. since January 2, 2017. Mr. Neumann served as Senior Vice President and General Manager of PCTEL RF Solutions Inc. from March 12, 2015 to September 2016. Mr. Neumann served as Senior Vice President at PCTEL, Inc. since March 2015 and as its General Manager of RF Solutions since December 2012. He has worked in the industry for over 20 years. He served as Vice President at PCTEL, Inc. since December 2012. Mr. Neumann served as Vice President of Global RFS Sales at PCTEL, Inc. since April 2010 until January 2013. He served as Global Vice President of Sales for RF Solutions since April, 2010. From February, 2009, when he joined PCTEL, until April, 2010, he served as Senior Director of Sales within RF Solutions. Prior to joining PCTEL, he served as Managing Director of E-magine Communications, LLC, from January 2006 to February 2009. From January, 2002 to January, 2006, he served as the Vice President of Sales and Marketing for X-TEL Communications, Inc. From July 1999 to January 2002 and from January 2002 until 2006, Mr. Neumann served as Market Development Director for Acterna, which was later purchased by JDSU. He served as a Principal at Intelinet, Inc. since 1997 until 1999. Mr. Neumann holds a Bachelor of Science in Electrical Engineering from The Pennsylvania State University and a Master of Business Administration from the University of Chicago Booth School of Business.

CEO Compensation
  • David's compensation has been consistent with company performance over the past year, both up more than 20%.
  • David's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the PCTEL management team in years:

2.8
Average Tenure
53.5
Average Age
  • The tenure for the PCTEL management team is about average.
Management Team

David Neumann

TITLE
CEO & Director
COMPENSATION
$678K
AGE
53
TENURE
2.8 yrs

Rishi Bharadwaj

TITLE
COO & Senior VP
COMPENSATION
$472K
AGE
45
TENURE
1.3 yrs

Arnt Arvik

TITLE
VP & Chief Sales Officer
COMPENSATION
$430K
AGE
54
TENURE
1.3 yrs

Kevin McGowan

TITLE
VP & CFO
AGE
52
TENURE
0.9 yrs

Sumeet Paul

TITLE
VP & Chief Information Officer
AGE
44
TENURE
2.8 yrs

Shelley Bacastow

TITLE
VP, General Counsel & Corporate Secretary
COMPENSATION
$426K
AGE
59
TENURE
4.8 yrs

Michael Rosenberg

TITLE
Director of Marketing

Marty Singer

TITLE
Vice Chair
COMPENSATION
$925K
AGE
68
TENURE
2.8 yrs

Leslie Sgnilek

TITLE
VP of Corporate Resources & Chief Risk Officer
AGE
70
TENURE
4 yrs
Board of Directors Tenure

Average tenure and age of the PCTEL board of directors in years:

4
Average Tenure
62
Average Age
  • The tenure for the PCTEL board of directors is about average.
Board of Directors

Steve Levy

TITLE
Independent Chairman of the Board
COMPENSATION
$131K
AGE
63
TENURE
2.8 yrs

David Neumann

TITLE
CEO & Director
COMPENSATION
$678K
AGE
53
TENURE
2.8 yrs

Cindy Andreotti

TITLE
Independent Director
COMPENSATION
$109K
AGE
63
TENURE
6.2 yrs

Michael Sinder

TITLE
Independent Director
COMPENSATION
$102K
AGE
52
TENURE
4.9 yrs

Gina Haspilaire

TITLE
Independent Director
COMPENSATION
$113K
AGE
56
TENURE
4 yrs

Giacomo Marini

TITLE
Independent Director
COMPENSATION
$98K
AGE
67
TENURE
23.1 yrs

Cindi Keith

TITLE
Independent Director
COMPENSATION
$104K
AGE
62
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by PCTEL individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
02. Oct 19 Buy Shelley Bacastow Individual 12. Jun 19 12. Jun 19 1,000 $4.65 $4,650
10. Sep 19 Buy David Neumann Individual 09. Sep 19 09. Sep 19 1,000 $7.00 $7,000
14. Jun 19 Buy Chain Of Lakes Investment Fund, LLC Company 26. Apr 19 12. Jun 19 23,192 $4.70 $107,591
14. Jun 19 Buy Kevin McGowan Individual 14. Jun 19 14. Jun 19 1,000 $4.64 $4,628
07. Jun 19 Buy David Neumann Individual 07. Jun 19 07. Jun 19 1,000 $4.66 $4,658
05. Jun 19 Buy Kevin McGowan Individual 05. Jun 19 05. Jun 19 1,000 $4.98 $4,980
21. May 19 Buy David Neumann Individual 21. May 19 21. May 19 2,000 $5.28 $10,560
27. Dec 18 Buy Chain Of Lakes Investment Fund, LLC Company 30. Nov 18 26. Dec 18 1,539,854 $4.24 $6,528,981
20. Nov 18 Buy David Neumann Individual 20. Nov 18 20. Nov 18 2,000 $4.22 $8,440
X
Management checks
We assess PCTEL's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. PCTEL has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Can We See Significant Insider Ownership On The PCTEL, Inc. (NASDAQ:PCTI) Share Register?

Insider Ownership Of PCTEL The definition of an insider can differ slightly between different countries, but members of the board of directors always count. … Private Company Ownership It seems that Private Companies own 9.7%, of the PCTI stock. … Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Simply Wall St -

Why You Should Leave PCTEL, Inc. (NASDAQ:PCTI)'s Upcoming Dividend On The Shelf

Last year's total dividend payments show that PCTEL has a trailing yield of 4.8% on the current share price of $4.62. … That's why we should always check whether the dividend payments appear sustainable, and if the company is growing. … If PCTEL didn't generate enough cash to pay the dividend, then it must have either paid from cash in the bank or by borrowing money, neither of which is sustainable in the long term.

Simply Wall St -

Does PCTEL (NASDAQ:PCTI) Have A Healthy Balance Sheet?

Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. … PCTEL boasts net cash, so it's fair to say it does not have a heavy debt load! … When analysing debt levels, the balance sheet is the obvious place to start.

Simply Wall St -

Zooming in on NASDAQ:PCTI's 4.3% Dividend Yield

On the other hand, investors have been known to buy a stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … We're a bit uncomfortable with the company paying a dividend while being loss-making, although at least the dividend was covered by free cash flow. … Earnings per share are down, and to our mind PCTEL has not been paying a dividend long enough to demonstrate its resilience across economic cycles.

Simply Wall St -

Investors Who Bought PCTEL (NASDAQ:PCTI) Shares Five Years Ago Are Now Down 40%

PCTEL isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. … In the last five years PCTEL saw its revenue shrink by 5.0% per year.

Simply Wall St -

Is PCTEL, Inc. (NASDAQ:PCTI) A Top Dividend Stock?

(NASDAQ:PCTI) has been paying a dividend to shareholders. … Does PCTEL tick all the boxes of a great dividend stock? … How I analyze a dividend stock

Simply Wall St -

What Percentage Of PCTEL, Inc. (NASDAQ:PCTI) Shares Do Insiders Own?

As Nassim Nicholas Taleb said, 'Don’t tell me what you think, tell me what you have in your portfolio.'. … institutional investors have bought into the company … Let's take a closer look to see what the different types of shareholder can tell us about PCTI

Simply Wall St -

Is Buying PCTEL Inc (NASDAQ:PCTI) For Its Upcoming US$0.055 Dividend A Good Choice?

To qualify for the dividend check of US$0.055 per share, investors must have owned the shares prior to 07 August 2018, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?

Simply Wall St -

Should You Be Tempted To Sell PCTEL Inc (NASDAQ:PCTI) At Its Current PE Ratio?

I am writing today to help inform people who are new to the stock market. … and want to start learning about core concepts of fundamental analysis on practical examples from today's market. … While this makes PCTI appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio.

Simply Wall St -

Is PCTEL Inc (NASDAQ:PCTI) A Smart Pick For Income Investors?

Over the past 7 years, PCTEL Inc (NASDAQ:PCTI) has returned an average of 3.00% per year to shareholders in terms of dividend yield. … Does PCTEL tick all the boxes of a great dividend stock? … See our latest analysis for PCTEL

Simply Wall St -

Company Info

Description

PCTEL, Inc., together with its subsidiaries, delivers performance critical telecom solutions in the Asia Pacific, Europe, the Middle East, Africa, and the Americas. The company designs and manufactures precision antennas, which are used primarily in small cells, enterprise Wi-Fi access points, fleet management and transit systems, and in equipment and devices for the Industrial Internet of Things. It also offers radio frequency test and measurement tools that enhance the performance of wireless networks. The company serves public and private carriers, wireless infrastructure providers, wireless equipment distributors, and value added resellers, as well as original equipment manufacturers. PCTEL, Inc. was founded in 1994 and is headquartered in Bloomingdale, Illinois.

Details
Name: PCTEL, Inc.
PCTI
Exchange: NasdaqGS
Founded: 1994
$146,373,023
17,872,164
Website: http://www.pctel.com
Address: PCTEL, Inc.
471 Brighton Drive,
Bloomingdale,
Illinois, 60108,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PCTI Common Stock Nasdaq Global Select US USD 19. Oct 1999
DB PEW Common Stock Deutsche Boerse AG DE EUR 19. Oct 1999
Number of employees
Current staff
Staff numbers
454
PCTEL employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/10 23:39
End of day share price update: 2019/11/08 00:00
Last estimates confirmation: 2019/11/08
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.