GigaMedia Story

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GIGM -- USA Stock  

USD 2.31  0.07  3.12%

Macroaxis News
By Achuva Shats
Today's write-up is for all stakeholders who are seriously contemplating on exiting a position in GigaMedia Limited. I will summarize the rationale of why GigaMedia stakeholders should not be insulted by the new pull down. In this post I will also go over different drivers effecting the entity products and services and how it may effect the stock investors. Macroaxis considers GigaMedia to be dangerous. GigaMedia Limited holds Efficiency (Sharpe) Ratio of -0.0109 which attests that the entity had -0.0109% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. GigaMedia Limited exposes twenty-eight different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out GigaMedia Market Risk Adjusted Performance of 7.65 and Risk Adjusted Performance of (0.023397) to validate risk estimate we provide.
GigaMedia gains 3.57 percent regardless of significant market hike

The company is fairly valued at 2.36 per share with modest projections ahead. The company retains Market Volatility (i.e. Beta) of -0.0073, which attests that as returns on market increase, returns on owning GigaMedia are expected to decrease at a much smaller rate. During bear market, GigaMedia is likely to outperform the market. Even though it is essential to pay attention to GigaMedia Limited current price history, it is always good to be careful when utilizing equity current price movements. Macroaxis philosophy towards determining future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. GigaMedia Limited exposes twenty-eight different technical indicators, which can help you to evaluate its performance. GigaMedia Limited has an expected return of -0.023%. Please be advised to check out GigaMedia Jensen Alpha, Semi Variance, Day Typical Price, as well as the relationship between Maximum Drawdown and Accumulation Distribution to decide if GigaMedia Limited stock performance from the past will be repeated at some point in the near future.

GigaMedia Limited has return on total asset (ROA) of (0.06) % which means that it has lost $0.06 on every $100 spent on asset. This is way below average. Similarly, it shows return on stockholders equity (ROE) of (0.07) % meaning that it created substantial loss on money invested by shareholders. The small decline in market price for the last few months may raise some interest from investors. The Stock closed today at a share price of 2.37 on 7,455 in trading volume. The company directors and management did not add much value to GigaMedia Limited investors in January. However, diversifying your holdings with GigaMedia Limited or similar stocks can still protect your portfolio during high-volatility market scenarios. The stock standard deviation of daily returns for 30 days (very short) investing horizon is currently 2.11. The current volatility is consistent with the ongoing market swings in January 2020 as well as with GigaMedia Limited unsystematic, company specific events. GigaMedia is selling for 2.43. This is 3.57 percent decrease. Opened at 2.43. GigaMedia Average Assets is decreasing over the last 8 years. The new value of GigaMedia Average Assets is 59,050,208. GigaMedia Earnings Before Interest Taxes and Depreciation Amortization EBITDA is increasing over the last 8 years. The previous year value of GigaMedia Earnings Before Interest Taxes and Depreciation Amortization EBITDA was 3,240,000. Furthermore, GigaMedia Average Equity is decreasing over the last 8 years.

 2017 2018 2019 2020 (projected)
Current Assets65.51 M60.59 M54.54 M82.93 M
Total Assets66.41 M61.45 M55.3 M135.33 M
GigaMedia Limited provides digital entertainment services in Taiwan, Hong Kong, and Macau. GigaMedia Limited was founded in 1998 and is headquartered in Taipei, Taiwan. GigaMedia operates under Electronic Gaming Multimedia classification in USA and is traded on BATS Exchange. It employs 154 people.
Current AssetsTotal Assets

To summarize, we believe that at this point GigaMedia is fairly valued with quite high chance of financial distress within the next 2 years. Our actual buy/sell advice on the business is Cautious Hold.

GigaMedia Valuation

Enterprise Value

Purchase by Sansar Capital Management Llc of 213200 shares of GigaMedia

GigaMedia Limited insider trading alert for perchase of common stock by Sansar Capital Management Llc, the corporate stakeholder, on March 8, 2020. This event was filed by Gigamedia Ltd with SEC on 2006-07-19. SEC Form: Changes in beneficial ownership [view details]   

About Contributor

Achuva Shats
   Achuva Shats is a Member of Macroaxs Editorial Board. Achuva writes about retail product and service companies from the perspective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce View Profile
This story should be regarded as informational only and should not be considered as solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Achuva Shats do not own shares of GigaMedia Limited. Please refer to our Terms of Use for any information regarding our disclosure principles.

Story Momentum

This media report from Macroaxis distributed on February 26, 2020 was a factor to the next trading day price decrease.The overall trading delta against the next closing price was 4.53% . The overall trading delta when the story was published against the current closing price is 17.70% .

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Purchase by Sansar Capital Management Llc of 213200 shares of GigaMedia
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Filed transaction by Gigamedia Ltd executive. General open market or private purchase of non-derivative or derivative security

Shares Outstanding

Shares Outstanding Comparative Analysis

  Shares Outstanding 
  GigaMedia Comparables 
GigaMedia is rated below average in shares outstanding category among related companies. Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted bases which include exotic instruments such as options, or convertibles bonds.
Please check GigaMedia Hype Analysis, GigaMedia Correlation and GigaMedia Performance. Please also try Equity Valuation module to check real value of public entities based on technical and fundamental data.
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Macroaxis is not a registered investment advisor or broker/dealer. All investments, including stocks, funds, ETFs, or cryptocurrencies, are speculative and involve substantial risk of loss. We encourage our investors to invest carefully. Much of our information is derived directly from data published by companies or submitted to governmental agencies which we believe are reliable, but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action you take in reliance on our statements or recommendations. Also, note that past performance is not necessarily indicative of future results. All investments carry risk, and all investment decisions of an individual remain the responsibility of that individual. There is no guarantee that systems, indicators, or signals will result in profits or that they will not result in losses. All investors are advised to fully understand all risks associated with any investing they choose to do. Hypothetical or simulated performance is not indicative of future results. We make no representations or warranties that any investor will, or is likely to, achieve profits similar to those shown because hypothetical or simulated performance is not necessarily indicative of future results. For more information please visit our terms and condition page