Gilat Satellite Networks Ltd - Understand $gilt stock

$GILT Market Cap: $349.2 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$302.9M

TTM

Gross Margin

36.73%

TTM

Net Earnings

$16.53M

TTM

Current Assets

$257.5M

Q3 2024

Current Liabilities

$118.5M

Q3 2024

Current Ratio

217.22%

Q3 2024

Total Assets

$433.2M

Q3 2024

Total Liabilities

$141.7M

Q3 2024

Book Value

$291.5M

Q3 2024

Cash

$109.6M

Q3 2024

P/E

21.12

Nov 29, 2024 EST

Free Cash Flow

$19.16M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$266.1M	$239.8M	$215.0M	$165.9M	$263.5M	$266.4M	$282.8M	$279.6M	$197.5M	$235.1M	$234.9M	$271.6M	$245.3M	$233.0M	$228.1M	$267.5M	$282.6M	$248.7M	$209.4M	$241.5M
YoY Change	10.94%	11.57%	29.58%	-37.04%	-1.09%	-5.8%	1.14%	41.57%	-15.99%	0.09%	-13.51%	10.72%	5.28%	2.15%	-14.73%	-5.34%	13.63%	18.77%	-13.29%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Revenue	$266.1M	$239.8M	$215.0M	$165.9M	$263.5M	$266.4M	$282.8M	$279.6M	$197.5M	$235.1M	$234.9M	$271.6M	$245.3M	$233.0M	$228.1M	$267.5M	$282.6M	$248.7M	$209.4M	$241.5M
Cost Of Revenue	$161.1M	$152.9M	$143.7M	$124.7M	$167.6M	$172.4M	$200.3M	$204.1M	$143.3M	$151.5M	$155.2M	$173.6M	$142.4M	$153.1M	$157.6M	$181.6M	$180.8M	$158.3M	$133.2M	$162.4M
Gross Profit	$104.9M	$86.91M	$71.27M	$41.20M	$95.90M	$94.00M	$82.50M	$75.50M	$54.20M	$83.60M	$79.70M	$97.90M	$102.9M	$79.90M	$70.40M	$86.00M	$101.8M	$90.40M	$76.20M	$79.10M
Gross Profit Margin	39.44%	36.24%	33.15%	24.83%	36.39%	35.29%	29.17%	27.0%	27.44%	35.56%	33.93%	36.05%	41.95%	34.29%	30.86%	32.15%	36.02%	36.35%	36.39%	32.75%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Selling, General & Admin	$44.46M	$40.54M	$37.10M	$30.90M	$40.10M	$39.70M	$43.60M	$49.90M	$43.50M	$53.40M	$55.30M	$58.60M	$60.10M	$63.20M	$57.10M	$65.60M	$69.40M	$63.30M	$60.80M	$69.90M
YoY Change	9.65%	9.29%	20.06%	-22.94%	1.01%	-8.94%	-12.63%	14.71%	-18.54%	-3.44%	-5.63%	-2.5%	-4.91%	10.68%	-12.96%	-5.48%	9.64%	4.11%	-13.02%
% of Gross Profit	42.36%	46.65%	52.06%	75.0%	41.81%	42.23%	52.85%	66.09%	80.26%	63.88%	69.39%	59.86%	58.41%	79.1%	81.11%	76.28%	68.17%	70.02%	79.79%	88.37%
Research & Development	$41.17M	$35.64M	$304.0K	$300.0K	$300.0K					$25.20M	$27.90M	$29.20M	$31.70M		$14.00M	$16.90M	$15.00M	$13.60M	$14.00M	$13.90M
YoY Change	15.52%	11623.68%	1.33%	0.0%						-9.68%	-4.45%	-7.89%			-17.16%	12.67%	10.29%	-2.86%	0.72%
% of Gross Profit	39.23%	41.01%	0.43%	0.73%	0.31%					30.14%	35.01%	29.83%	30.81%		19.89%	19.65%	14.73%	15.04%	18.37%	17.57%
Depreciation & Amortization	$13.40M	$11.61M	$10.99M	$10.29M	$10.98M	$13.15M	$13.14M	$13.11M	$15.07M	$15.95M	$17.56M	$18.67M	$19.52M	$14.79M	$14.51M	$13.13M	$17.72M	$20.73M	$19.12M	$31.67M
YoY Change	15.45%	5.61%	6.81%	-6.28%	-16.5%	0.08%	0.23%	-13.01%	-5.52%	-9.17%	-5.95%	-4.35%	31.98%	1.93%	10.51%	-25.9%	-14.52%	8.42%	-39.63%
% of Gross Profit	12.77%	13.36%	15.42%	24.98%	11.45%	13.99%	15.93%	17.36%	27.8%	19.08%	22.03%	19.07%	18.97%	18.51%	20.61%	15.27%	17.41%	22.93%	25.09%	40.04%
Operating Expenses	$76.86M	$76.96M	$68.43M	$57.20M	$70.30M	$72.70M	$71.60M	$74.70M	$65.90M	$78.60M	$83.20M	$87.90M	$91.80M	$82.30M	$71.10M	$82.50M	$84.40M	$77.00M	$74.80M	$83.50M
YoY Change	-0.12%	12.45%	19.64%	-18.63%	-3.3%	1.54%	-4.15%	13.35%	-16.16%	-5.53%	-5.35%	-4.25%	11.54%	15.75%	-13.82%	-2.25%	9.61%	2.94%	-10.42%
Operating Profit	$28.09M	$9.953M	$2.832M	-$16.00M	$25.60M	$21.30M	$10.90M	$800.0K	-$11.70M	$5.000M	-$3.500M	$10.00M	$11.10M	-$2.400M	-$700.0K	$3.500M	$17.40M	$13.40M	$1.400M	-$4.400M
YoY Change	182.18%	251.45%	-117.7%	-162.5%	20.19%	95.41%	1262.5%	-106.84%	-334.0%	-242.86%	-135.0%	-9.91%	-562.5%	242.86%	-120.0%	-79.89%	29.85%	857.14%	-131.82%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Interest Expense	-$3.647M	$3.816M	-$228.0K	$0.00	$1.000M	-$700.0K	-$600.0K	-$500.0K	-$4.900M	-$3.800M	-$6.200M	-$3.400M	-$3.200M	-$600.0K	$3.500M	$4.000M	$8.200M	$1.700M	-$1.200M	$700.0K
YoY Change	-195.57%	-1773.68%		-100.0%	-242.86%	16.67%	20.0%	-89.8%	28.95%	-38.71%	82.35%	6.25%	433.33%	-117.14%	-12.5%	-51.22%	382.35%	-241.67%	-271.43%
% of Operating Profit	-12.99%	38.34%	-8.05%		3.91%	-3.29%	-5.5%	-62.5%		-76.0%		-34.0%	-28.83%			114.29%	47.13%	12.69%	-85.71%
Other Income/Expense, Net	$82.00K	-$1.779M	-$1.494M	-$1.900M	-$3.600M	-$3.600M	-$3.700M	-$4.300M	-$2.400M	$0.00		$0.00	$5.500M	$37.40M	-$100.0K	-$2.100M	-$2.300M	-$2.300M	-$1.200M	-$1.200M
YoY Change	-104.61%	19.08%	-21.37%	-47.22%	0.0%	-2.7%	-13.95%	79.17%				-100.0%	-85.29%	-37500.0%	-95.24%	-8.7%	0.0%	91.67%	0.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Pretax Income	$28.19M	$7.135M	$459.0K	$35.70M	$23.00M	$17.00M	$6.600M	-$4.100M	-$50.90M	$1.200M	-$10.30M	-$22.80M	-$2.300M	$30.60M	$2.800M	$300.0K	$11.10M	$12.80M	-$1.000M	-$9.100M
YoY Change	295.15%	1454.47%	-98.71%	55.22%	35.29%	157.58%	-260.98%	-91.94%	-4341.67%	-111.65%	-54.82%	891.3%	-107.52%	992.86%	833.33%	-97.3%	-13.28%	-1380.0%	-89.01%
Income Tax	$4.690M	$13.06M	$3.492M	$800.0K	-$13.60M	-$1.500M	-$2.400M	$1.300M	$1.200M	$1.900M	-$800.0K	-$1.900M	-$400.0K	$0.00	$900.0K	$1.400M	$1.000M	$2.400M	$3.100M	$4.400M
% Of Pretax Income	16.63%	183.08%	760.78%	2.24%	-59.13%	-8.82%	-36.36%			158.33%				0.0%	32.14%	466.67%	9.01%	18.75%
Net Earnings	$23.50M	-$5.928M	-$3.033M	$34.90M	$36.50M	$18.40M	$6.800M	-$5.300M	-$52.30M	-$1.500M	-$17.90M	-$23.20M	-$5.900M	$30.60M	$1.900M	-$1.100M	$10.10M	$10.50M	-$3.700M	-$11.50M
YoY Change	-496.49%	95.45%	-108.69%	-4.38%	98.37%	170.59%	-228.3%	-89.87%	3386.67%	-91.62%	-22.84%	293.22%	-119.28%	1510.53%	-272.73%	-110.89%	-3.81%	-383.78%	-67.83%
Net Earnings / Revenue	8.83%	-2.47%	-1.41%	21.04%	13.85%	6.91%	2.4%	-1.9%	-26.48%	-0.64%	-7.62%	-8.54%	-2.41%	13.13%	0.83%	-0.41%	3.57%	4.22%	-1.77%	-4.76%
Basic Earnings Per Share	$0.41	-$0.10	-$0.05	$0.63
Diluted Earnings Per Share	$0.41	-$0.10	-$53.78K	$627.7K	$651.8K	$329.7K	$123.9K	-$101.9K	-$1.197M	-$35.38K	-$426.2K	-$560.4K	-$144.3K	$728.6K	$45.78K	-$27.57K	$242.8K	$407.0K	-$165.2K	-$518.0K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Cash & Short-Term Investments	$104.0M	$86.59M	$81.86M	$88.80M	$74.80M	$67.40M	$53.00M	$40.10M	$18.40M	$27.70M	$58.40M	$67.00M	$56.20M	$57.20M	$154.4M	$136.9M	$168.4M	$149.5M	$78.20M	$75.80M
YoY Change	20.06%	5.78%	-7.82%	18.72%	10.98%	27.17%	32.17%	117.93%	-33.57%	-52.57%	-12.84%	19.22%	-1.75%	-62.95%	12.78%	-18.71%	12.64%	91.18%	3.17%
Cash & Equivalents	$104.0M	$86.59M	$81.86M	$88.80M	$74.80M	$67.40M	$53.00M	$40.10M	$18.40M	$27.70M	$58.40M	$67.00M	$56.20M	$57.20M	$122.7M	$73.90M	$122.8M	$149.5M	$74.90M	$75.80M
Short-Term Investments														$0.00	$31.70M	$63.00M	$45.60M	$0.00	$3.300M
Other Short-Term Assets	$25.04M	$19.82M	$18.07M	$35.60M	$39.90M	$52.70M	$44.90M	$85.70M	$117.4M	$48.10M	$27.90M	$65.30M	$17.70M	$18.20M	$23.00M	$32.80M	$14.50M	$12.30M	$22.50M	$24.80M
YoY Change	26.29%	9.68%	-49.23%	-10.78%	-24.29%	17.37%	-47.61%	-27.0%	144.07%	72.4%	-57.27%	268.93%	-2.75%	-20.87%	-29.88%	126.21%	17.89%	-45.33%	-9.27%
Inventory	$38.53M	$33.02M	$28.43M	$31.30M	$27.20M	$23.80M	$30.00M	$23.30M	$28.20M	$28.70M	$28.30M	$24.40M	$33.20M	$31.20M	$13.70M	$20.70M	$24.80M	$26.40M	$23.30M	$22.50M
Prepaid Expenses
Receivables	$73.05M	$75.62M	$65.17M	$69.50M	$71.40M	$94.90M	$108.8M	$89.40M	$51.00M	$57.70M	$56.50M	$52.70M	$51.70M	$52.00M	$45.60M	$59.00M	$43.70M	$29.60M	$33.70M	$31.40M
Other Receivables	$0.00	$0.00	$5.871M	$8.200M	$10.20M	$7.300M	$7.000M	$800.0K	$5.300M	$4.500M	$3.100M	$9.200M	$15.30M	$8.000M	$0.00	$22.10M	$24.80M	$40.40M	$27.20M	$27.40M
Total Short-Term Assets	$240.6M	$215.1M	$199.4M	$233.4M	$223.5M	$246.1M	$243.7M	$239.3M	$220.3M	$166.8M	$174.3M	$218.5M	$174.2M	$166.7M	$236.7M	$271.5M	$276.2M	$258.2M	$184.9M	$181.8M
YoY Change	11.87%	7.85%	-14.57%	4.43%	-9.18%	0.98%	1.84%	8.62%	32.07%	-4.3%	-20.23%	25.43%	4.5%	-29.57%	-12.82%	-1.7%	6.97%	39.64%	1.71%
Property, Plant & Equipment	$79.42M	$80.47M	$76.87M	$82.10M	$87.80M	$84.40M	$82.20M	$80.80M	$82.00M	$90.90M	$85.40M	$87.20M	$100.9M	$103.5M	$100.5M	$109.4M	$105.2M	$121.4M	$124.2M	$137.2M
YoY Change	-1.3%	4.68%	-6.37%	-6.49%	4.03%	2.68%	1.73%	-1.46%	-9.79%	6.44%	-2.06%	-13.58%	-2.51%	2.99%	-8.14%	3.99%	-13.34%	-2.25%	-9.48%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments																$5.700M	$22.90M	$22.00M	$20.40M	$26.50M
YoY Change																-75.11%	4.09%	7.84%	-23.02%
Other Assets	$26.82M	$34.96M	$24.36M	$26.00M	$25.40M	$11.10M	$9.200M	$7.800M	$7.700M	$8.300M	$16.10M	$10.10M	$15.20M	$18.80M	$14.80M	$11.70M	$12.70M	$14.30M	$14.60M	$10.30M
YoY Change	-23.29%	43.53%	-6.32%	2.36%	128.83%	20.65%	17.95%	1.3%	-7.23%	-48.45%	59.41%	-33.55%	-19.15%	27.03%	26.5%	-7.87%	-11.19%	-2.05%	41.75%
Total Long-Term Assets	$186.3M	$170.4M	$168.3M	$160.4M	$168.3M	$148.6M	$147.9M	$143.9M	$150.5M	$198.1M	$194.5M	$196.1M	$272.5M	$288.7M	$120.5M	$139.1M	$153.9M	$182.0M	$188.1M	$209.3M
YoY Change	9.37%	1.2%	4.94%	-4.69%	13.26%	0.47%	2.78%	-4.39%	-24.03%	1.85%	-0.82%	-28.04%	-5.61%	139.59%	-13.37%	-9.62%	-15.44%	-3.24%	-10.13%
Total Assets	$426.9M	$385.4M	$367.7M	$393.8M	$391.8M	$394.7M	$391.6M	$383.2M	$370.8M	$364.9M	$368.8M	$414.6M	$446.7M	$455.4M	$357.2M	$410.6M	$430.1M	$440.2M	$373.0M	$391.1M
YoY Change
Accounts Payable	$13.87M	$20.67M	$19.78M	$20.50M	$20.70M	$24.60M	$33.70M	$29.60M	$17.20M	$22.90M	$20.90M	$22.20M	$25.50M	$18.30M	$16.80M	$23.30M	$26.00M	$21.30M	$24.20M	$21.20M
YoY Change	-32.88%	4.51%	-3.53%	-0.97%	-15.85%	-27.0%	13.85%	72.09%	-24.89%	9.57%	-5.86%	-12.94%	39.34%	8.93%	-27.9%	-10.38%	22.07%	-11.98%	14.15%
Accrued Expenses	$68.35M	$52.30M	$62.61M	$58.80M	$68.20M	$80.80M	$89.90M	$64.40M	$28.30M	$29.30M	$23.10M	$28.00M	$33.20M	$32.50M	$20.10M	$25.80M	$20.30M	$21.40M	$22.40M	$26.20M
YoY Change	30.69%	-16.47%	6.48%	-13.78%	-15.59%	-10.12%	39.6%	127.56%	-3.41%	26.84%	-17.5%	-15.66%	2.15%	61.69%	-22.09%	27.09%	-5.14%	-4.46%	-14.5%
Deferred Revenue
YoY Change
Short-Term Debt	$7.453M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$7.000M	$15.90M	$0.00	$3.500M	$3.000M	$2.100M	$0.00	$6.500M	$5.800M	$1.200M	$8.200M	$4.200M
YoY Change								-100.0%	-55.97%		-100.0%	16.67%	42.86%		-100.0%	12.07%	383.33%	-85.37%	95.24%
Long-Term Debt Due			$0.00	$4.000M	$4.100M	$4.500M	$4.500M	$4.600M	$4.500M	$4.600M	$4.700M	$8.000M	$19.10M	$2.200M	$5.200M	$4.300M	$5.400M	$6.500M	$7.700M	$8.900M
YoY Change			-100.0%	-2.44%	-8.89%	0.0%	-2.17%	2.22%	-2.17%	-2.13%	-41.25%	-58.12%	768.18%	-57.69%	20.93%	-20.37%	-16.92%	-15.58%	-13.48%
Total Short-Term Liabilities	$126.6M	$125.8M	$108.5M	$147.4M	$121.0M	$140.3M	$151.6M	$146.7M	$159.8M	$100.2M	$97.00M	$110.1M	$111.5M	$87.90M	$72.40M	$118.7M	$131.1M	$137.6M	$114.7M	$114.0M
YoY Change	0.63%	15.92%	-26.39%	21.82%	-13.76%	-7.45%	3.34%	-8.2%	59.48%	3.3%	-11.9%	-1.26%	26.85%	21.41%	-39.01%	-9.46%	-4.72%	19.97%	0.61%
Long-Term Debt	$2.000M	$0.00	$0.00	$0.00	$4.000M	$8.100M	$12.60M	$16.90M	$21.50M	$26.30M	$31.30M	$40.70M	$40.40M	$75.50M	$25.10M	$14.00M	$27.70M	$39.20M	$112.1M	$124.4M
YoY Change				-100.0%	-50.62%	-35.71%	-25.44%	-21.4%	-18.25%	-15.97%	-23.1%	0.74%	-46.49%	200.8%	79.29%	-49.46%	-29.34%	-65.03%	-9.89%
Other Long-Term Liabilities	$23.61M	$15.50M	$10.90M	$12.60M	$13.30M	$6.600M	$8.000M	$9.800M	$11.50M	$13.30M	$14.50M	$19.10M	$28.40M	$19.80M	$27.50M	$47.70M	$43.50M	$51.40M	$60.70M	$71.30M
YoY Change	52.36%	42.14%	-13.46%	-5.26%	101.52%	-17.5%	-18.37%	-14.78%	-13.53%	-8.28%	-24.08%	-32.75%	43.43%	-28.0%	-42.35%	9.66%	-15.37%	-15.32%	-14.87%
Total Long-Term Liabilities	$25.61M	$15.50M	$10.90M	$12.60M	$17.30M	$14.70M	$20.60M	$26.70M	$33.00M	$39.60M	$45.80M	$59.80M	$68.80M	$95.30M	$52.60M	$61.70M	$71.20M	$90.60M	$172.8M	$195.7M
YoY Change	65.26%	42.14%	-13.46%	-27.17%	17.69%	-28.64%	-22.85%	-19.09%	-16.67%	-13.54%	-23.41%	-13.08%	-27.81%	81.18%	-14.75%	-13.34%	-21.41%	-47.57%	-11.7%
Total Liabilities	$152.2M	$141.3M	$119.4M	$160.0M	$138.2M	$155.7M	$173.2M	$173.4M	$192.8M	$139.8M	$142.7M	$172.7M	$186.6M	$191.3M	$124.9M	$180.4M	$202.3M	$228.2M	$287.5M	$309.7M
YoY Change	7.72%	18.32%	-25.37%	15.77%	-11.24%	-10.1%	-0.12%	-10.06%	37.91%	-2.03%	-17.37%	-7.45%	-2.46%	53.16%	-30.76%	-10.83%	-11.35%	-20.63%	-7.17%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	56.67M shares	56.59M shares	56.40M shares	55.52M shares
Diluted Shares Outstanding	56.67M shares	56.59M shares	56.40M shares	55.58M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $349.23 Million

About GILAT SATELLITE NETWORKS LTD

Gilat Satellite Networks Ltd. engages in the provision of broadband satellite communication and networking solutions and services. The firm operates through three segments: Commercial, Mobility, and Services divisions. The firm designs and manufactures satellite ground segment and networking communications equipment, which it sells to its customers either as network components (modems, Block Up converters (BUCs), antennas) or as complete network solutions (which include hubs and related terminals and services) or turnkey projects. The equipment that the Company develops includes commercial Very Small Aperture Terminals (VSAT) systems, defense and homeland security satellite communications systems, solid-state power amplifiers (SSPAs), BUCs, low-profile antennas, on-the-move/on-the-pause terminals, and modems. The firm's equipment is used by satellite operators, service providers, telecommunications operators, system integrators, government and defense organizations, large corporations, and enterprises.

Industry: Radio & Tv Broadcasting & Communications Equipment Peers: AUDIOCODES LTD CERAGON NETWORKS LTD Ituran Location & Control Ltd. RADWARE LTD SILICOM LTD.