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Gigamedia Limited (GIGM)
NASDAQ:GIGM
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Gigamedia
(NASDAQ:GIGM)
54Neutral
Gigamedia (GIGM) vs. S&P 500 (SPY)
Market Cap
$17.96M
Dividend YieldN/A
Average Volume (3M)16.09K
Price to Earnings (P/E)―
Beta (1Y)0.17
Revenue Growth-31.80%
EPS Growth-192.09%
CountryUS
Employees96
SectorCommunication Services
Sector Strength73
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-0.21
Shares Outstanding11,052,235
10 Day Avg. Volume26,855
30 Day Avg. Volume16,087
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)20.32
Price to Cash Flow (P/CF)N/A
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Gigamedia Business Overview & Revenue Model
Company DescriptionGigamedia Limited (GIGM) is a diversified provider of online and digital entertainment services. Based in Taiwan, the company primarily operates within the online gaming industry, offering a range of online games and entertainment software. Gigamedia focuses on developing and publishing high-quality gaming content, catering to both casual and hardcore gamers across various platforms.
How the Company Makes MoneyGigamedia makes money through a combination of subscription fees, in-game purchases, and advertising revenue. The company generates income by offering premium content and virtual goods within their games, which players can purchase to enhance their gaming experience. Additionally, Gigamedia may partner with other gaming companies for co-development or distribution, further contributing to its revenue. Advertising within its gaming platforms also provides a steady stream of income, as advertisers pay for exposure to the company's gaming audience.
Gigamedia Financial Statement Overview
Summary
Gigamedia exhibits a strong balance sheet with low leverage, but struggles with declining revenues and persistent losses affecting profitability. Cash flow remains negative, reflecting operational inefficiencies and insufficient cash generation.Income Statement
Gigamedia has experienced declining revenues, with a significant drop of 23.2% from $5,585,340 in 2022 to $4,292,000 in 2023. Gross profit margins decreased slightly to 56.98% in 2023. Net profit margins are negative, indicating ongoing losses, with a net loss of $3,399,000 in 2023. The company continues to report negative EBIT and EBITDA margins, demonstrating operational challenges.40
Negative
Balance Sheet
The balance sheet remains strong with a high equity ratio of 93.61% in 2023, showcasing financial stability and low leverage. The debt-to-equity ratio is minimal at 0.01, indicating low financial risk. However, the return on equity is negative due to consistent net losses, indicating inefficiencies in generating returns on shareholder investments.70
Positive
Cash Flow
Operating cash flow improved but remains negative at -$1,193,000 in 2023. Free cash flow slightly improved but is still negative, indicating the company is not generating sufficient cash to cover its operating expenses and capital expenditures. The operating cash flow to net income ratio is below 1, showing cash flow inadequacy relative to net losses.45
Neutral
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 3.08M | 4.29M | 5.59M | 5.49M | 6.88M | 6.64M | Gross Profit |
| 1.58M | 2.45M | 3.25M | 2.91M | 3.92M | 3.58M | EBIT |
| -3.81M | -3.15M | -3.02M | -3.97M | -2.15M | -2.78M | EBITDA |
| -3.76M | -3.10M | -2.99M | -3.95M | -2.14M | -2.70M | Net Income Common Stockholders |
| -3.92M | -3.40M | -3.06M | -2.93M | -473.69K | -1.60M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 106.40M | 38.47M | 46.93M | 41.45M | 45.70M | 57.74M | Total Assets |
| 191.70M | 46.50M | 52.14M | 55.52M | 57.02M | 59.22M | Total Debt |
| 11.80M | 495.00K | 893.00K | 1.45M | 3.00K | 94.00K | Net Debt |
| -45.60M | -37.98M | -37.90M | -40.01M | -45.70M | -57.65M | Total Liabilities |
| 33.80M | 2.96M | 3.53M | 4.67M | 2.93M | 3.68M | Stockholders Equity |
| 157.90M | 43.54M | 48.61M | 50.85M | 54.10M | 55.54M |
| Cash Flow | Free Cash Flow | ||||
| 0.00 | -1.25M | -2.11M | -4.23M | -2.11M | -1.63M | Operating Cash Flow |
| 0.00 | -1.19M | -2.08M | -4.13M | -2.08M | -1.57M | Investing Cash Flow |
| 0.00 | 837.00K | -10.04M | -17.00K | -10.04M | -73.00K | Financing Cash Flow |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Gigamedia Technical Analysis
Neutral
1.62
Price Trends
1.58
Positive
1.55
Positive
1.44
Positive
Market Momentum
0.04
Negative
53.43
Neutral
60.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GIGM, the sentiment is Neutral. The current price of 1.62 is below the 20-day moving average (MA) of 1.64, above the 50-day MA of 1.58, and above the 200-day MA of 1.44, indicating a neutral trend. The MACD of 0.04 indicates Negative momentum. The RSI at 53.43 is Neutral, neither overbought nor oversold. The STOCH value of 60.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GIGM.
Gigamedia Risk Analysis
Gigamedia disclosed 35 risk factors in its most recent earnings report. Gigamedia reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Gigamedia Peers Comparison
Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $66.20B | 15.48 | 22.60% | 2.60% | 0.23% | -0.09% | |
74 Outperform | $35.27B | 34.44 | 14.04% | 0.56% | -2.99% | -0.46% | |
62 Neutral | $34.34B | ― | -51.45% | ― | 1.00% | -148.89% | |
58 Neutral | $25.21B | 3.07 | -13.86% | 4.29% | 2.47% | -43.03% | |
54 Neutral | $17.96M | ― | -5.49% | ― | -31.80% | -192.09% |
* Communication Services Sector Average
Performance Comparison
GIGM
Gigamedia
1.62
0.32
24.62%
EA
Electronic Arts
135.34
6.03
4.66%
NTES
NetEase
98.86
4.54
4.81%
TTWO
Take-Two
194.58
40.93
26.64%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.