GILAT SATELLITE NETWORKS LTD (GILT) — payout ratio, three ways
Fiscal year ending 2021-12-31 · sector Technology · payout ratios computed from SEC filings, not taken from a data vendor.
| Basis | Payout | Why it differs |
|---|---|---|
| GAAP earnings | negative | The company lost $0.05 per share, so there are no earnings to pay a dividend out of and no ratio exists. |
| Operating cash flow | 185.2% | Before capital spending, so it understates the payout that free cash flow shows. |
| Free cash flow | 351.1% | What is left after maintaining the business. |
Spread between highest and lowest: 166 percentage points. Same filings, different denominators.
Coverage rating 0 / 100 — Not covered. ? Peer standing 0/50Direction 0/30Stability 0/20
Free cash flow payout, last 3 years
| Fiscal year | Payout |
|---|---|
| 2021-12-31 | 351.1% |
| 2020-12-31 | 52.0% |
| 2019-12-31 | 92.8% |
Coverage worsened sharply this year, 52.0% to 351.1%, after no clear trend before it. One year is not a trend, but it is worth knowing which direction the last one moved.
Among the 42 technology companies here, only 0% pay out a larger share on this basis — this is at the demanding end.
The arithmetic
- GAAP earnings — dividends declared per share $0.62 ÷ diluted EPS $-0.05
- Operating cash flow — dividends paid $35.0m ÷ operating cash flow $18.9m
- Free cash flow — dividends paid $35.0m ÷ (operating cash flow $18.9m − capex $8.9m)
Where the figures came from
- 20-F filed 2024-03-20 · accession
0001178913-24-000993 - 20-F/A filed 2022-09-14 · accession
0001178913-22-003422
Every one is public at sec.gov and free to check. That is the point — you should not have to take my word for any of it.
Caveats on this company
- DPS derived from dividends paid ($0.62); no per-share tag filed
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell me — that is more useful to me than agreement.