Bekanntmachung • Jul 29
SigmaTron International, Inc.(NasdaqCM:SGMA) dropped from NASDAQ Composite Index SigmaTron International, Inc. has been dropped from the NASDAQ Composite Bekanntmachung • Jul 26
SigmaTron International, Inc. announced delayed annual 10-K filing On 07/25/2025, SigmaTron International, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Bekanntmachung • May 21
Transom Capital Group, LLC entered into a merger agreement to acquire SigmaTron International, Inc. (NasdaqCM:SGMA) for $18.48 million. Transom Capital Group, LLC entered into a merger agreement to acquire SigmaTron International, Inc. (NasdaqCM:SGMA) for $18.48 million on May 20, 2025. Under the terms of the merger agreement, an affiliate of Transom will commence a tender offer to acquire all outstanding shares of the Company’s common stock, for $3.02 per share in cash, representing a total enterprise value of approximately $83 million. The transaction is subject to the Company’s stockholders validly tendering shares of Common Stock representing at least a majority of the voting power of the Company and other customary closing conditions. The transaction is approved unanimously by the boards of both companies. The transaction is expected to close during the third quarter of 2025. Marshall Shaffer, P.C., Andrew Norwich,
Daniel Yip, Roger S. Lucas, P.C. and Martin A. DiLoreto, Jr., P.C. of Kirkland & Ellis LLP acted as legal advisor to Transom Capital Group, LLC. Miriam L. Burkland of Howard & Howard Attorneys PLLC and Dmitriy A. Tartakovskiy of Greenberg, Traurig, PA acted as legal advisor and Lincoln International LLC acted as financial advisor and fairness opinion provider to SigmaTron International, Inc. New Risk • Apr 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (US$7.28m market cap). Minor Risks High level of debt (87% net debt to equity). Share price has been volatile over the past 3 months (12% average weekly change). New Risk • Mar 21
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 87% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. Market cap is less than US$10m (US$7.34m market cap). Minor Risk High level of debt (87% net debt to equity). Reported Earnings • Mar 16
Third quarter 2025 earnings released: EPS: US$0.63 (vs US$0.098 in 3Q 2024) Third quarter 2025 results: EPS: US$0.63 (up from US$0.098 in 3Q 2024). Revenue: US$71.1m (down 26% from 3Q 2024). Net income: US$3.88m (up US$3.28m from 3Q 2024). Profit margin: 5.5% (up from 0.6% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Bekanntmachung • Sep 23
SigmaTron International, Inc., Annual General Meeting, Oct 22, 2024 SigmaTron International, Inc., Annual General Meeting, Oct 22, 2024. Location: 2201 landmeier road, elk grove village, llinois60007, United States Bekanntmachung • Sep 17
SigmaTron International, Inc. announced delayed 10-Q filing On 09/16/2024, SigmaTron International, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Bekanntmachung • Sep 12
Sigmatron International Regains Compliance with Nasdaq Listing Rule 5250(c)(1) SigmaTron International, Inc. announced that on September 10, 2024, it received notice from the Listing Qualifications Department of the Nasdaq Stock Market LLC (Nasdaq) indicating the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1) by filing with the Securities and Exchange Commission (SEC) its Form 10-K for the annual period ended April 30, 2024, on September 3, 2024 (as amended on September 6, 2024, the Form 10-K). As previously disclosed, on August 16, 2024, the Company received notice from Nasdaq indicating that, as a result of the Company's delay in filing its Form 10-K, the Company was no longer in compliance with the timely filing requirements under Nasdaq Listing Rule 5250(c)(1). As a result of filing the Form 10-K, the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1). Bekanntmachung • Aug 24
SigmaTron International, Inc. Announces Resignation of Greg A. Fairhead as Executive Vice President, Assistant Secretary, Effective August 31, 2024 On August 19, 2024, SigmaTron International, Inc. received notice that Greg A. Fairhead, Executive Vice President, Assistant Secretary, is retiring and has resigned his position effective August 31, 2024. Bekanntmachung • Aug 22
SigmaTron International, Inc. Receives Nasdaq Notice Regarding Late Form 10-K Filing SigmaTron International, Inc. (the Company) announced that on August 16, 2024, it received a delinquency notification letter from the Nasdaq Stock Market LLC (Nasdaq) indicating that the Company is not in compliance with the continued listing requirements under Nasdaq Listing Rule 5250(c)(1) because the Company did not timely file its Form 10-K for the fiscal year ended April 30, 2024 (the Form 10-K). The notification letter has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Capital Market. The Company filed a Notification of Late Filing on Form 12b-25 on July 30, 2024, indicating that the filing of the Form 10-K would be delayed because the Company requires additional time to complete its year-end close procedures in light of ongoing negotiations with the Company's lenders with respect to amendments to the credit agreements with J.P. Morgan Chase Bank, N.A. and TCW Asset Management Company, as Administrative Agent. These processes require significant resources from the Company's financial, accounting and administrative personnel and, as a result, the Company requires additional time to complete its quarterly review, including the preparation and finalization of its Form 10-K. Nasdaq has informed the Company that the Company must submit a plan of compliance (the Plan) within 60 calendar days, or no later than October 15, 2024, addressing how it intends to regain compliance with Nasdaq's listing rules and, if Nasdaq accepts the Plan, it may grant an extension of up to 180 calendar days from the Form 10-K original filing due date, or until February 12, 2025, to regain compliance. The Company is working on completing the Form 10-K. Bekanntmachung • Jul 31
SigmaTron International, Inc. announced delayed annual 10-K filing On 07/30/2024, SigmaTron International, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Valuation Update With 7 Day Price Move • Jul 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$6.05, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 23x in the Electronic industry in the US. Total returns to shareholders of 11% over the past three years. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$5.16, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 21x in the Electronic industry in the US. Total returns to shareholders of 4.7% over the past three years. New Risk • Mar 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.5% Last year net profit margin: 4.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (US$20.4m market cap). Reported Earnings • Mar 10
Third quarter 2024 earnings released: EPS: US$0.10 (vs US$3.80 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.10 (up from US$3.80 loss in 3Q 2023). Revenue: US$95.9m (up 2.9% from 3Q 2023). Net income: US$599.0k (up US$23.7m from 3Q 2023). Profit margin: 0.6% (up from net loss in 3Q 2023). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. New Risk • Dec 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.1% Last year net profit margin: 3.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (US$17.1m market cap). Bekanntmachung • Dec 09
Sigmatron International, Inc. Provides Revenue Guidance for the Third Quarter of 2024 SigmaTron International, Inc. provided revenue guidance for the third quarter of 2024. The company expects the third quarter to be difficult and believe revenue levels will start to increase during its fourth quarter. Reported Earnings • Dec 09
Second quarter 2024 earnings released: EPS: US$0.005 (vs US$0.14 in 2Q 2023) Second quarter 2024 results: EPS: US$0.005 (down from US$0.14 in 2Q 2023). Revenue: US$98.7m (down 9.2% from 2Q 2023). Net income: US$28.3k (down 97% from 2Q 2023). Profit margin: 0% (down from 0.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 12
First quarter 2024 earnings released: EPS: US$0.04 (vs US$0.23 in 1Q 2023) First quarter 2024 results: EPS: US$0.04 (down from US$0.23 in 1Q 2023). Revenue: US$98.1m (down 7.0% from 1Q 2023). Net income: US$262.1k (down 81% from 1Q 2023). Profit margin: 0.3% (down from 1.3% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 4% per year. Bekanntmachung • Aug 25
SigmaTron International, Inc., Annual General Meeting, Sep 22, 2023 SigmaTron International, Inc., Annual General Meeting, Sep 22, 2023, at 10:00 Central Standard Time. Location: 2201 Landmeier Road, Elk Grove Village Illinois United States Agenda: To consider and elect two Class III Directors to hold office until the 2026 Annual Meeting; to consider and adopt an amendment of the Company’s Certificate of Incorporation, which will remove the creditor compromise provision that is contained in Article NINTH in the Certificate of Incorporation; to consider and approve and adopt an amendment of the Company’s Certificate of Incorporation, which will add officer exculpation to Article SEVENTH of the Certificate of Incorporation; to consider a proposal to ratify the selection of BDO USA, LLP as registered public accountants of the Company for the fiscal year ending April 30, 2024; to consider and provide, on an advisory basis, approval of compensation of the Company’s Named Executive Officers; and to consider other business matters. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$6.21, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 17x in the Electronic industry in the US. Total returns to shareholders of 100% over the past three years. New Risk • Jul 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (3.0x net interest cover). Share price has been highly volatile over the past 3 months (18% average weekly change). High level of non-cash earnings (25% accrual ratio). Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (US$32.5m market cap). Reported Earnings • Jul 20
Full year 2023 earnings released: EPS: US$2.34 (vs US$2.04 in FY 2022) Full year 2023 results: EPS: US$2.34 (up from US$2.04 in FY 2022). Revenue: US$414.4m (up 9.4% from FY 2022). Net income: US$14.2m (up 44% from FY 2022). Profit margin: 3.4% (up from 2.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Bekanntmachung • May 24
SigmaTron International Regains Compliance with Nasdaq Listing Rule 5250(c)(1) SigmaTron International, Inc. announced that on May 19, 2023, it received notice from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) indicating the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1) by filing with the Securities and Exchange Commission (“SEC”) its Form 10-Q for the quarterly period ended January 31, 2023 (“Form 10-Q”), on May 18, 2023. As previously disclosed, on March 23, 2023, the Company received notice from Nasdaq indicating that, as a result of the Company’s delay in filing its Form 10-Q, the Company was no longer in compliance with the timely filing requirements under Nasdaq Listing Rule 5250(c)(1). As a result of filing the Form 10-Q on May 18, 2023, the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1). Bekanntmachung • May 19
SigmaTron International, Inc. Reports Consolidated Impairment of Goodwill and Long-Term Assets for the Third Quarter Ended January 31, 2023 SigmaTron International, Inc. reported consolidated impairment of goodwill and long-term assets of $23,096,771 for the third quarter ended January 31, 2023. Reported Earnings • May 19
Third quarter 2023 earnings released: US$3.80 loss per share (vs US$0.58 loss in 3Q 2022) Third quarter 2023 results: US$3.80 loss per share (further deteriorated from US$0.58 loss in 3Q 2022). Revenue: US$93.2m (flat on 3Q 2022). Net loss: US$23.1m (loss widened US$20.4m from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Bekanntmachung • May 06
Vynetic LLC acquired 81% stake in Wagz, Inc. from SigmaTron International, Inc. (NasdaqCM:SGMA) for $1. Vynetic LLC agreed to acquire 81% stake in Wagz, Inc. from SigmaTron International, Inc. (NasdaqCM:SGMA) for $1 on April 28, 2023. Miriam Leskovar Burkland of Howard & Howard Attorneys acted as legal advisor to SigmaTron International. Scott E. Pueschel of Pierce Atwood acted as legal advisor to Vynetic.
Vynetic LLC completed the acquisition of 81% stake in Wagz, Inc. from SigmaTron International, Inc. (NasdaqCM:SGMA) on April 28, 2023. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$2.18, the stock trades at a trailing P/E ratio of 79.8x. Average trailing P/E is 16x in the Electronic industry in the US. Total loss to shareholders of 30% over the past three years. Bekanntmachung • Jan 05
SigmaTron International, Inc. Promotes John P. Sheehan as President of EMS Operations SigmaTron International, Inc. announced that the Company’s Board of Directors has appointed John P. Sheehan as President of EMS Operations, effective January 4, 2023. Mr. Sheehan has been with the Company since September 1986 and has risen through the ranks, most recently holding the position of Vice President, Director of Supply Chain. His experience at SigmaTron has been focused on supply chain, including material procurement and logistics. In addition, he has been involved in business development and customer related activities, IT systems and operations. Through his supply chain activities, he has worked with all seven manufacturing locations. In addition, he has been responsible for the Company’s international purchasing office in Taiwan over the past decade. He holds a BA in Business Accountancy from Northern Illinois University earned in 1982 and subsequently earned his Illinois CPA Certification. Reported Earnings • Dec 10
Second quarter 2023 earnings released: EPS: US$0.14 (vs US$0.73 in 2Q 2022) Second quarter 2023 results: EPS: US$0.14 (down from US$0.73 in 2Q 2022). Revenue: US$108.7m (up 8.4% from 2Q 2022). Net income: US$871.9k (down 72% from 2Q 2022). Profit margin: 0.8% (down from 3.1% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Nov 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. Independent Director Paul Plante was the last director to join the board, commencing their role in 2011. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 17% share price gain to US$5.57, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 15x in the Electronic industry in the US. Total returns to shareholders of 24% over the past three years. Recent Insider Transactions Derivative • Sep 26
Independent Director notifies of intention to sell stock Barry Horek intends to sell 23k shares in the next 90 days after lodging an Intent To Sell Form on the 19th of September. If the sale is conducted around the recent share price of US$6.10, it would amount to US$140k. Since March 2022, Barry has owned 23.00k shares directly. Company insiders have collectively sold US$383k more than they bought, via options and on-market transactions in the last 12 months. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$5.88, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 15x in the Electronic industry in the US. Total returns to shareholders of 42% over the past three years. Reported Earnings • Sep 13
First quarter 2023 earnings released: EPS: US$0.23 (vs US$2.06 in 1Q 2022) First quarter 2023 results: EPS: US$0.23 (down from US$2.06 in 1Q 2022). Revenue: US$105.6m (up 23% from 1Q 2022). Net income: US$1.38m (down 84% from 1Q 2022). Profit margin: 1.3% (down from 10% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment deteriorated over the past week After last week's 16% share price decline to US$7.09, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 17x in the Electronic industry in the US. Total returns to shareholders of 67% over the past three years. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improved over the past week After last week's 16% share price gain to US$8.08, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 17x in the Electronic industry in the US. Total returns to shareholders of 199% over the past three years. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment deteriorated over the past week After last week's 19% share price decline to US$6.15, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 17x in the Electronic industry in the US. Total returns to shareholders of 151% over the past three years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 20% share price gain to US$6.63, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 16x in the Electronic industry in the US. Total returns to shareholders of 177% over the past three years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 25% share price decline to US$5.50, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 15x in the Electronic industry in the US. Total returns to shareholders of 106% over the past three years. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 7 highly experienced directors. Independent Director Paul Plante was the last director to join the board, commencing their role in 2011. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$7.00, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 16x in the Electronic industry in the US. Total returns to shareholders of 143% over the past three years. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 15% share price gain to US$8.78, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 16x in the Electronic industry in the US. Total returns to shareholders of 196% over the past three years. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment deteriorated over the past week After last week's 18% share price decline to US$9.71, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 18x in the Electronic industry in the US. Total returns to shareholders of 264% over the past three years. Recent Insider Transactions Derivative • Dec 31
Insider exercised options and sold US$50k worth of stock On the 28th of December, John Sheehan exercised 6k options at a strike price of around US$3.60 and sold these shares for an average price of US$12.01 per share. This trade did not impact their existing holding. Since September 2021, John has owned 26.57k shares directly. Company insiders have collectively sold US$547k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Dec 24
Independent Director exercised options and sold US$144k worth of stock On the 16th of December, Linda Frauendorfer exercised 25k options at a strike price of around US$6.45 and sold these shares for an average price of US$12.22 per share. This trade did not impact their existing holding. Since September 2021, Linda has not owned shares directly. Company insiders have collectively sold US$497k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Dec 13
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: US$0.73 (up from US$0.15 in 2Q 2021). Revenue: US$100.2m (up 44% from 2Q 2021). Net income: US$3.15m (up 403% from 2Q 2021). Profit margin: 3.1% (up from 0.9% in 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 130% per year but the company’s share price has only increased by 77% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improved over the past week After last week's 104% share price gain to US$14.94, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 18x in the Electronic industry in the US. Total returns to shareholders of 457% over the past three years. Valuation Update With 7 Day Price Move • Nov 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to US$8.70, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 19x in the Electronic industry in the US. Total returns to shareholders of 115% over the past three years. Reported Earnings • Sep 11
First quarter 2022 earnings released: EPS US$2.02 (vs US$0.21 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: US$85.7m (up 42% from 1Q 2021). Net income: US$8.80m (up US$9.70m from 1Q 2021). Profit margin: 10% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improved over the past week After last week's 32% share price gain to US$8.30, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 23x in the Electronic industry in the US. Total returns to shareholders of 30% over the past three years. Reported Earnings • Jul 23
Full year 2021 earnings released: EPS US$0.36 (vs US$0.10 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: US$277.7m (down 1.2% from FY 2020). Net income: US$1.54m (up 248% from FY 2020). Profit margin: 0.6% (up from 0.2% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 12
Third quarter 2021 earnings released: EPS US$0.06 (vs US$0.051 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$71.5m (up 6.1% from 3Q 2020). Net income: US$249.3k (up US$466.3k from 3Q 2020). Profit margin: 0.3% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 06
New 90-day high: US$5.45 The company is up 63% from its price of US$3.34 on 06 November 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 20% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: US$5.11 The company is up 37% from its price of US$3.72 on 15 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 27% over the same period. Reported Earnings • Dec 12
Second quarter 2021 earnings released: EPS US$0.15 The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: US$69.6m (down 7.0% from 2Q 2020). Net income: US$626.9k (down 5.2% from 2Q 2020). Profit margin: 0.9% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 08
New 90-day high: US$3.77 The company is up 23% from its price of US$3.07 on 09 September 2020. The American market is up 14% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 27% over the same period. Is New 90 Day High Low • Oct 09
New 90-day high: US$3.53 The company is up 6.0% from its price of US$3.32 on 10 July 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 14% over the same period.