Aankondiging • Jan 31
Taitron Announces Quarterly Cash Dividend, Payable on February 27, 2026 Taitron Components Incorporated announced that its Board of Directors has declared a quarterly cash dividend of $0.035 per share of common stock, payable on February 27, 2026 to stockholders of record as of the close of business on February 13, 2026. Under our current dividend policy, the Company will target a cash dividend to our stockholders in the amount of $0.14 per share per annum, payable in equal $0.035 per share quarterly installments. Aankondiging • Dec 09
Taitron Components Incorporated Files Form-15 Taitron Components Incorporated has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its Class A common stock, with $0.001 par value under the Securities Exchange Act of 1934, as amended. Aankondiging • Nov 15
Taitron Announces Voluntary Nasdaq Delisting Taitron Components Incorporated announced the Company will voluntarily delist its common stock from The Nasdaq Stock Market (“Nasdaq”) and, based upon ownership of its shares by fewer than 300 holders of record, deregister its common stock under the Securities Exchange Act of 1934 and suspend its public reporting obligations. Our Board of Directors concluded that the costs of maintaining the Nasdaq listing and remaining a public reporting company, including costs of compliance, the demands on management time and the Company resources required to maintain its listed and registered status, outweigh the benefits to the Company and its stockholders of continued Nasdaq listing and SEC reporting. The Company will file a Form 25 with the Securities and Exchange Commission on or about November 24, 2025, and the Nasdaq delisting is expected to become effective on or about December 4, 2025, at which time trading on Nasdaq will cease. The common stock may thereafter be eligible for quotation on the Pink tier of OTC Markets Group if market makers commit to making a market in the Company’s shares. The Company can provide no assurance that trading in its common stock will continue on the OTC Markets Group or otherwise. After the Nasdaq delisting becomes effective, the Company will file a Form 15 with the Securities and Exchange Commission on or about December 8, 2025, at which time the Company anticipates that its obligation to file periodic reports under the Exchange Act, including annual, quarterly and current reports on Form 10-K, Form 10-Q and Form 8-K, respectively, will be suspended, and that all requirements associated with being an Exchange Act-registered company, including the requirement to file current and periodic reports, will terminate permanently 90 days thereafter. Declared Dividend • Nov 05
Second quarter dividend of US$0.035 announced Shareholders will receive a dividend of US$0.035. Ex-date: 14th November 2025 Payment date: 26th November 2025 Dividend yield will be 7.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (440% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 9 years and payments have been stable during that time. Aankondiging • Nov 01
Taitron Components Incorporated Declares Quarterly Dividend, Payable on November 26, 2025 Taitron Components Incorporated declared a quarterly cash dividend of $0.035 per share of common stock, payable on November 26, 2025 to stockholders of record as of the close of business on November 14, 2025. Under current dividend policy, the Company will target a cash dividend to stockholders in the amount of $0.14 per share per annum, payable in equal $0.035 per share quarterly installments. New Risk • Sep 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 18% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 440% Earnings have declined by 12% per year over the past 5 years. Minor Risks Revenue is less than US$5m (US$4.2m revenue). Market cap is less than US$100m (US$12.9m market cap). Reported Earnings • Aug 15
Second quarter 2025 earnings released: US$0.054 loss per share (vs US$0.067 profit in 2Q 2024) Second quarter 2025 results: US$0.054 loss per share (down from US$0.067 profit in 2Q 2024). Revenue: US$1.17m (down 4.7% from 2Q 2024). Net loss: US$327.0k (down 181% from profit in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Declared Dividend • Aug 06
First quarter dividend reduced to US$0.035 Dividend of US$0.035 is 30% lower than last year. Ex-date: 15th August 2025 Payment date: 29th August 2025 Dividend yield will be 8.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 18x earnings) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.0% per year over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 1,991% to bring the payout ratio under control. However, EPS has declined by 38% over the last 5 years so the company would need to reverse this trend. Aankondiging • Aug 02
Taitron Components Incorporated Announces Quarterly Cash Dividend, Payable on August 29, 2025 Taitron Components Incorporated announced that its Board of Directors has declared a quarterly cash dividend of $0.035 per share of common stock, payable on August 29, 2025 to stockholders of record as of the close of business on August 15, 2025. Under our current dividend policy, the Company will target a cash dividend to stockholders in the amount of $0.14 per share per annum, payable in equal $0.035 per share quarterly installments. Board Change • Jun 01
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. 2 experienced directors. 3 highly experienced directors. Independent Director Maria Pineda was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • May 17
New major risk - Revenue and earnings growth Earnings have declined by 0.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 18x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 0.8% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Revenue is less than US$5m (US$4.3m revenue). Market cap is less than US$100m (US$13.7m market cap). Declared Dividend • May 07
Fourth quarter dividend of US$0.05 announced Dividend of US$0.05 is the same as last year. Ex-date: 16th May 2025 Payment date: 30th May 2025 Dividend yield will be 9.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (134% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.0% per year over the past 9 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 48% to bring the payout ratio under control, which is more than the 2.1% EPS growth achieved over the last 5 years. Aankondiging • May 05
Taitron Components Incorporated Announces Quarterly Cash Dividend, Payable on May 30, 2025 Taitron Components Incorporated announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of common stock, payable on May 30, 2025 to stockholders of record as of the close of business on May 16, 2025. Under current dividend policy, the Company will target a cash dividend to stockholders in the amount of $0.20 per share per annum, payable in equal $0.05 per share quarterly installments. Aankondiging • May 01
Taitron Components Incorporated, Annual General Meeting, May 29, 2025 Taitron Components Incorporated, Annual General Meeting, May 29, 2025. Location: located at 28040 harrison parkway, ca 91355, valencia Spain New Risk • Apr 07
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 134% The company is paying a dividend despite having no free cash flows. Dividend yield: 9.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 134% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Revenue is less than US$5m (US$4.1m revenue). Market cap is less than US$100m (US$13.1m market cap). Reported Earnings • Apr 01
Full year 2024 earnings released: EPS: US$0.15 (vs US$0.31 in FY 2023) Full year 2024 results: EPS: US$0.15 (down from US$0.31 in FY 2023). Revenue: US$4.14m (down 32% from FY 2023). Net income: US$902.0k (down 51% from FY 2023). Profit margin: 22% (down from 30% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Declared Dividend • Feb 05
Third quarter dividend of US$0.05 announced Dividend of US$0.05 is the same as last year. Ex-date: 14th February 2025 Payment date: 28th February 2025 Dividend yield will be 7.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (89.6% earnings payout ratio) but not covered by cash flows (235% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 9 years and payments have been stable during that time. Earnings per share declined by 4.0% over the last 5 years, which if continued should see the payout ratio increase to a potentially unsustainable range. Aankondiging • Feb 01
Taitron Components Incorporated Announces Quarterly Cash Dividend, Payable on February 28, 2025 Taitron Components Incorporated announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of common stock, payable on February 28, 2025 to stockholders of record as of the close of business on February 14, 2025. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: US$0.041 (vs US$0.068 in 3Q 2023) Third quarter 2024 results: EPS: US$0.041 (down from US$0.068 in 3Q 2023). Revenue: US$1.19m (down 24% from 3Q 2023). Net income: US$245.0k (down 40% from 3Q 2023). Profit margin: 21% (down from 26% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Declared Dividend • Nov 06
Second quarter dividend of US$0.05 announced Dividend of US$0.05 is the same as last year. Ex-date: 15th November 2024 Payment date: 27th November 2024 Dividend yield will be 7.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but not adequately covered by cash flows (97% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 8 years and payments have been stable during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Aankondiging • Nov 02
Taitron Components Incorporated Announces Quarterly Cash Dividend, Payable on November 27, 2024 Taitron Components Incorporated announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of common stock, payable on November 27, 2024 to stockholders of record as of the close of business on November 15, 2024. Under current dividend policy, the Company will target a cash dividend to stockholders in the amount of $0.20 per share per annum, payable in equal $0.05 per share quarterly installments. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: US$0.067 (vs US$0.089 in 2Q 2023) Second quarter 2024 results: EPS: US$0.067 (down from US$0.089 in 2Q 2023). Revenue: US$1.22m (down 18% from 2Q 2023). Net income: US$406.0k (down 24% from 2Q 2023). Profit margin: 33% (down from 36% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Declared Dividend • Aug 07
First quarter dividend of US$0.05 announced Dividend of US$0.05 is the same as last year. Ex-date: 16th August 2024 Payment date: 30th August 2024 Dividend yield will be 7.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 8 years and payments have been stable during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Reported Earnings • May 17
First quarter 2024 earnings released: EPS: US$0.092 (vs US$0.13 in 1Q 2023) First quarter 2024 results: EPS: US$0.092 (down from US$0.13 in 1Q 2023). Revenue: US$963.0k (down 54% from 1Q 2023). Net income: US$552.0k (down 28% from 1Q 2023). Profit margin: 57% (up from 37% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Declared Dividend • May 08
Fourth quarter dividend of US$0.05 announced Dividend of US$0.05 is the same as last year. Ex-date: 16th May 2024 Payment date: 31st May 2024 Dividend yield will be 6.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 8 years and payments have been stable during that time. Earnings per share has grown by 4.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • May 06
Taitron Components Incorporated Declares Quarterly Cash Dividend, Payable on May 31, 2024 Taitron Components Incorporated announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of common stock, payable on May 31, 2024 to stockholders of record as of the close of business on May 17, 2024. Under current dividend policy, the Company will target a cash dividend to stockholders in the amount of $0.20 per share per annum, payable in equal $0.05 per share quarterly installments. Aankondiging • May 01
Taitron Components Incorporated, Annual General Meeting, May 30, 2024 Taitron Components Incorporated, Annual General Meeting, May 30, 2024, at 10:00 Pacific Standard Time. Location: 28040 Harrison Parkway, Valencia, CA 91355 Valencia California United States Agenda: To elect five members to serve on Board of Directors until the next annual meeting of shareholders and/or until their successors have been duly elected and qualified; to act on an advisory vote to approve the Company's executive compensation; to act on an advisory vote on the frequency of the shareholder Say-On-Pay; and to transact other business properly presented at the meeting or any postponement or adjournment thereof. New Risk • Apr 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 55% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (US$19.3m market cap). Reported Earnings • Apr 02
Full year 2023 earnings released: EPS: US$0.31 (vs US$0.54 in FY 2022) Full year 2023 results: EPS: US$0.31 (down from US$0.54 in FY 2022). Revenue: US$6.11m (down 28% from FY 2022). Net income: US$1.85m (down 43% from FY 2022). Profit margin: 30% (down from 38% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 08
Upcoming dividend of US$0.05 per share at 6.2% yield Eligible shareholders must have bought the stock before 15 February 2024. Payment date: 29 February 2024. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 6.2%. Within top quartile of American dividend payers (4.8%). Higher than average of industry peers (1.4%). Declared Dividend • Feb 07
Third quarter dividend of US$0.05 announced Dividend of US$0.05 is the same as last year. Ex-date: 15th February 2024 Payment date: 29th February 2024 Dividend yield will be 6.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 8 years and payments have been stable during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Feb 03
Taitron Components Incorporated Announces Quarterly Cash Dividend, Payable on February 29, 2024 Taitron Components Incorporated announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of common stock, payable on February 29, 2024 to stockholders of record as of the close of business on February 16, 2024. Under current dividend policy, the Company will target a cash dividend to stockholders in the amount of $0.20 per share per annum, payable in equal $0.05 per share quarterly installments. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: US$0.068 (vs US$0.081 in 3Q 2022) Third quarter 2023 results: EPS: US$0.068 (down from US$0.081 in 3Q 2022). Revenue: US$1.56m (down 32% from 3Q 2022). Net income: US$411.0k (down 15% from 3Q 2022). Profit margin: 26% (up from 21% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 02
Upcoming dividend of US$0.05 per share at 5.9% yield Eligible shareholders must have bought the stock before 09 November 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of American dividend payers (5.3%). Higher than average of industry peers (1.6%). New Risk • Aug 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 26% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (24% net profit margin). Market cap is less than US$100m (US$22.8m market cap). Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: US$0.089 (vs US$0.10 in 2Q 2022) Second quarter 2023 results: EPS: US$0.089 (down from US$0.10 in 2Q 2022). Revenue: US$1.49m (down 47% from 2Q 2022). Net income: US$531.0k (down 13% from 2Q 2022). Profit margin: 36% (up from 22% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 03
Upcoming dividend of US$0.05 per share at 4.9% yield Eligible shareholders must have bought the stock before 10 August 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 4.9%. Within top quartile of American dividend payers (4.7%). Higher than average of industry peers (1.4%). Reported Earnings • May 17
First quarter 2023 earnings released: EPS: US$0.13 (vs US$0.35 in 1Q 2022) First quarter 2023 results: EPS: US$0.13 (down from US$0.35 in 1Q 2022). Revenue: US$2.09m (up 34% from 1Q 2022). Net income: US$762.0k (down 63% from 1Q 2022). Profit margin: 37% (down from 132% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 04
Upcoming dividend of US$0.05 per share at 5.5% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 5.5%. Within top quartile of American dividend payers (5.1%). Higher than average of industry peers (1.6%). Aankondiging • Jan 28
Taitron Components Incorporated Announces Quarterly Cash Dividend, Payable on February 28, 2023 Taitron Components Incorporated announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of common stock, payable on February 28, 2023 to stockholders of record as of the close of business on February 10, 2023. Under the company's current dividend policy, the Company will target a cash dividend to stockholders in the amount of $0.20 per share per annum, payable in equal $0.05 per share quarterly installments. Board Change • Nov 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Teresa Chung was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 29
Taitron Components Incorporated Declares Quarterly Cash Dividend, Payable on November 30, 2022 Taitron Components Incorporated announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share of common stock, payable on November 30, 2022 to stockholders of record as of the close of business on November 11, 2022. Under revised dividend policy, the Company will now target a cash dividend to stockholders in the amount of $0.20 per share per annum, payable in equal $0.05 per share quarterly installments. This effectively increases by 11.1% quarterly cash dividends from $0.045 per share to $0.05 per share. Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: US$0.10 (vs US$0.10 in 2Q 2021) Second quarter 2022 results: EPS: US$0.10 (up from US$0.10 in 2Q 2021). Revenue: US$2.79m (up 45% from 2Q 2021). Net income: US$613.0k (up 3.9% from 2Q 2021). Profit margin: 22% (down from 31% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 04
Upcoming dividend of US$0.045 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 4.6%. Within top quartile of American dividend payers (4.1%). Higher than average of industry peers (1.5%). Aankondiging • Jul 30
Taitron Components Incorporated Announces Quarterly Cash Dividend, Payable on August 31, 2022 Taitron Components Incorporated announced that its Board of Directors has declared a quarterly cash dividend of $0.045 per share of common stock, payable on August 31, 2022 to stockholders of record as of the close of business on August 12, 2022. Under current dividend policy, the Company will target a cash dividend to stockholders in the amount of $0.18 per share per annum, payable in equal $0.045 per share quarterly installments. Board Change • Jun 04
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Teresa Chung was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Jun 01
Taitron Components Incorporated Elects Dubravka (Maria) Pineda as Director Taitron Components Incorporated held its 2022 Annual Meeting of Shareholders on May 26, 2022, elected Dubravka (Maria) Pineda as Director. Reported Earnings • May 18
First quarter 2022 earnings released: EPS: US$0.35 (vs US$0.058 in 1Q 2021) First quarter 2022 results: EPS: US$0.35 (up from US$0.058 in 1Q 2021). Revenue: US$1.55m (down 21% from 1Q 2021). Net income: US$2.04m (up US$1.71m from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Recent Insider Transactions Derivative • May 14
Co-Founder exercised options to buy US$333k worth of stock. On the 10th of May, Stewart Wang exercised options to buy 90k shares at a strike price of around US$1.78, costing a total of US$160k. This transaction amounted to 15% of their direct individual holding at the time of the trade. Since December 2021, Stewart's direct individual holding has increased from 1.37m shares to 1.45m. Company insiders have collectively bought US$516k more than they sold, via options and on-market transactions, in the last 12 months. Buying Opportunity • May 06
Now 21% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be US$5.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 17%. Upcoming Dividend • May 05
Upcoming dividend of US$0.14 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 31 May 2022. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of American dividend payers (3.8%). Higher than average of industry peers (1.5%). Buying Opportunity • Apr 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.2%. The fair value is estimated to be US$4.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 17%. Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: US$0.40 (vs US$0.23 in FY 2020) Full year 2021 results: EPS: US$0.40 (up from US$0.23 in FY 2020). Revenue: US$8.64m (up 29% from FY 2020). Net income: US$2.01m (up 48% from FY 2020). Profit margin: 23% (up from 20% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 30
Taitron Components Incorporated Announces Quarterly Cash Dividend, Payable on February 28, 2022 Taitron Components Incorporated announced that its Board of Directors has declared a quarterly cash dividend of $0.045 per share of common stock, payable on February 28, 2022 to stockholders of record as of the close of business on February 11, 2022. Under revised dividend policy, the Company will now target a cash dividend to stockholders in the amount of $0.18 per share per annum, payable in equal $0.045 per share quarterly installments. Recent Insider Transactions Derivative • Dec 05
Independent Director exercised options and sold US$316k worth of stock On the 1st of December, Craig Miller exercised 2.50k options to receive shares at no cost, then sold 2k of them for an average price of -US$154 per share and kept the remainder. Company insiders have collectively bought US$320k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Nov 18
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$2.49m (up 25% from 3Q 2020). Net income: US$678.0k (up 53% from 3Q 2020). Profit margin: 27% (up from 22% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improved over the past week After last week's 16% share price gain to US$4.69, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 20x in the Electronic industry in the US. Total returns to shareholders of 190% over the past three years. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS US$0.10 (vs US$0.021 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$1.93m (up 48% from 2Q 2020). Net income: US$590.0k (up 396% from 2Q 2020). Profit margin: 31% (up from 9.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Aug 05
Upcoming dividend of US$0.04 per share Eligible shareholders must have bought the stock before 12 August 2021. Payment date: 31 August 2021. Trailing yield: 3.4%. Lower than top quartile of American dividend payers (3.5%). Higher than average of industry peers (1.2%). Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorated over the past week After last week's 19% share price decline to US$4.95, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 25x in the Electronic industry in the US. Total returns to shareholders of 236% over the past three years. Recent Insider Transactions • Jun 08
CFO & Corporate Secretary recently sold US$76k worth of stock On the 4th of June, David Vanderhorst sold around 13k shares on-market at roughly US$6.05 per share. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • May 25
Investor sentiment improved over the past week After last week's 25% share price gain to US$5.69, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 26x in the Electronic industry in the US. Total returns to shareholders of 284% over the past three years. Reported Earnings • May 18
First quarter 2021 earnings released: EPS US$0.058 (vs US$0.016 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$1.96m (up 33% from 1Q 2020). Net income: US$337.0k (up 274% from 1Q 2020). Profit margin: 17% (up from 6.1% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 06
Upcoming dividend of US$0.04 per share Eligible shareholders must have bought the stock before 13 May 2021. Payment date: 28 May 2021. Trailing yield: 3.5%. Within top quartile of American dividend payers (3.4%). Higher than average of industry peers (1.3%). Aankondiging • May 01
Taitron Components Incorporated Announces Quarterly Cash Dividend, Payable on May 28, 2021 Taitron Components Incorporated announced that its Board of Directors has declared a quarterly cash dividend of $0.04 per share of common stock, payable on May 28, 2021 to stockholders of record as of the close of business on May 14, 2021. Under revised dividend policy, the Company will now target a cash dividend to stockholders in the amount of $0.16 per share per annum, payable in equal $0.04 per share quarterly installments. Reported Earnings • Apr 03
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$6.70m (down 1.3% from FY 2019). Net income: US$1.36m (up 76% from FY 2019). Profit margin: 20% (up from 11% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 50% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improved over the past week After last week's 21% share price gain to US$5.09, the stock is trading at a trailing P/E ratio of 58.5x, up from the previous P/E ratio of 48.5x. This compares to an average P/E of 29x in the Electronic industry in the US. Total returns to shareholders over the past three years are 283%. Is New 90 Day High Low • Feb 19
New 90-day high: US$4.75 The company is up 68% from its price of US$2.82 on 20 November 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 19% over the same period. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improved over the past week After last week's 30% share price gain to US$4.45, the stock is trading at a trailing P/E ratio of 51.1x, up from the previous P/E ratio of 39.4x. This compares to an average P/E of 26x in the Electronic industry in the US. Total returns to shareholders over the past three years are 236%. Is New 90 Day High Low • Feb 02
New 90-day high: US$3.70 The company is up 46% from its price of US$2.54 on 03 November 2020. The American market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 21% over the same period.