Gilat Satellite Networks Ltd. (GILT) intrinsic value & 10-year financials
Gilat Satellite Networks Ltd. (GILT) has a Graham intrinsic value of $10.65 per share. Over the last 10 fiscal years revenue grew 5.5% a year to $451.7M, with an average return on invested capital of 9.2%.
- Graham intrinsic value
- $10.65
- Revenue (FY2025)
- $451.7M
- Revenue growth (10-yr CAGR)
- 5.5%
- ROIC (10-yr avg)
- 9.2%
- Free cash flow (FY2025)
- $9.2M
GILT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $451.7M | $20.7M | $0.34 | $9.2M | 5.2% | 9.0% |
| FY2024 | $305.4M | $24.8M | $0.44 | $25.1M | 9.1% | 13.1% |
| FY2023 | $266.1M | $23.5M | $0.41 | $21.2M | 10.6% | 14.2% |
| FY2022 | $239.8M | -$5.9M | -$0.10 | -$2.0M | 4.1% | 3.1% |
| FY2021 | $215.0M | -$3.0M | -$0.05 | $10.0M | 1.0% | 0.7% |
| FY2020 | $165.9M | $34.9M | $0.63 | $38.4M | 22.7% | 21.0% |
| FY2019 | $263.5M | $36.5M | $0.65 | $26.8M | 9.7% | 13.4% |
| FY2018 | $266.4M | $18.4M | $0.33 | $21.3M | 8.0% | 11.3% |
| FY2017 | $282.8M | $6.8M | $0.12 | $17.1M | 3.8% | 5.7% |
| FY2016 | $279.6M | -$5.3M | -$0.10 | $6.5M | 0.3% | 0.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
GILAT SATELLITE NETWORKS LTD has demonstrated mature, steady growth, with revenue compounding at 5.5% annually over the past decade.
GILAT SATELLITE NETWORKS LTD returns on capital have been average, hovering around 9.2% ROIC over the decade.
GILAT SATELLITE NETWORKS LTD has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, GILAT SATELLITE NETWORKS LTD is modeled at 13.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $10.65 per share.