Clearfield, Inc. (CLFD) vs Gilat Satellite Networks Ltd. (GILT)

Clearfield, Inc. and Gilat Satellite Networks Ltd. are both Communication Equipment companies. Gilat Satellite Networks Ltd. is the larger, with a market value of $771.8M against $414.7M — 1.9× the size. Clearfield, Inc. has negative trailing earnings, so its P/E is not meaningful; Gilat Satellite Networks Ltd. trades at 22.0×. Gilat Satellite Networks Ltd. grew revenue faster over the last twelve months: 39.5% against 34.0%. Gilat Satellite Networks Ltd. has the higher net margin (6.21% vs −4.70%) and the higher return on invested capital (4.77% vs −0.16%). Across the 20 metrics below, Gilat Satellite Networks Ltd. leads on 12 and Clearfield, Inc. on 8.

Valuation

Metric CLFD GILT Communication Equipment median
P/E n/m 22.04 33.61
P/S 2.74 1.60 2.16
P/B 1.72 1.43 2.40
Price to free cash flow 52.13 n/m 25.02
EV/EBITDA 62.91 12.64 13.78
EV/Sales 2.12 1.39 2.27
Earnings yield (1.64%) 4.54% (0.65%)
Free cash flow yield 1.92% (0.43%) 1.61%

Profitability

Metric CLFD GILT Communication Equipment median
Gross margin 33.01% 30.33% 39.47%
Operating margin (0.24%) 6.06% 2.39%
Net margin (4.70%) 6.21% (0.74%)
Free cash flow margin 5.37% (0.69%) 1.39%
Return on equity (2.83%) 7.04% (1.91%)
Return on assets (2.48%) 4.53% (0.20%)
Return on invested capital (0.16%) 4.77% 0.72%

Growth

Metric CLFD GILT Communication Equipment median
Revenue growth (TTM) 33.95% 39.47% 11.48%
EPS growth (last fiscal year) 31.76% (22.73%) —
Revenue growth, 5-year CAGR 10.03% 22.14% 4.92%
Net income growth, 5-year CAGR 0.00% (9.99%) 0.00%

Health

Metric CLFD GILT Communication Equipment median
Debt to equity 0.00 0.00 0.06
Current ratio 12.53 1.97 2.01
Net debt to EBITDA (16.40) (3.90) 0.67

Dividend

Metric CLFD GILT Communication Equipment median
Dividend yield — 11.57% 2.63%
Payout ratio 0.00 0.00 0.00

Size

Metric CLFD GILT Communication Equipment median
Market cap 414.72m 771.84m 563.45m

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