NasdaqCM:TAYD

Stock Analysis Report

Executive Summary

Taylor Devices, Inc. designs, develops, manufactures, and markets shock absorption, rate control, and energy storage devices for use in machinery, equipment, and structures in North America, Asia, and internationally.

Snowflake

Fundamentals

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has Taylor Devices's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.7%

TAYD

2.5%

US Machinery

0.5%

US Market


1 Year Return

-7.7%

TAYD

8.6%

US Machinery

6.8%

US Market

Return vs Industry: TAYD underperformed the US Machinery industry which returned 8.6% over the past year.

Return vs Market: TAYD underperformed the US Market which returned 6.8% over the past year.


Shareholder returns

TAYDIndustryMarket
7 Day0.7%2.5%0.5%
30 Day-3.5%1.6%-0.8%
90 Day-1.1%-0.6%-0.9%
1 Year-7.7%-7.7%10.9%8.6%9.2%6.8%
3 Year-25.7%-25.7%49.9%40.2%45.6%36.2%
5 Year12.1%12.1%57.8%38.6%63.2%45.4%

Price Volatility Vs. Market

How volatile is Taylor Devices's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Taylor Devices undervalued compared to its fair value and its price relative to the market?

17.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate TAYD's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate TAYD's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: TAYD is good value based on its PE Ratio (17.2x) compared to the Machinery industry average (20.1x).

PE vs Market: TAYD is good value based on its PE Ratio (17.2x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TAYD's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: TAYD is good value based on its PB Ratio (1x) compared to the US Machinery industry average (2.2x).


Next Steps

Future Growth

How is Taylor Devices forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

22.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TAYD's forecast earnings growth (22.7% per year) is above the savings rate (2.7%).

Earnings vs Market: TAYD's earnings (22.7% per year) are forecast to grow faster than the US market (14.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if TAYD's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if TAYD's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TAYD's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Taylor Devices performed over the past 5 years?

-8.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TAYD's earnings have declined by -8.6% per year over the past 5 years.

Accelerating Growth: TAYD's earnings growth over the past year (144.6%) exceeds its 5-year average (-8.6% per year).

Earnings vs Industry: TAYD earnings growth over the past year (144.6%) exceeded the Machinery industry 17.5%.


Return on Equity

High ROE: TAYD's Return on Equity (5.9%) is considered low.


Return on Assets

ROA vs Industry: TAYD's Return on Assets is below or equal to the Machinery industry average last year.


Return on Capital Employed

ROCE Improving: TAYD's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Taylor Devices's financial position?


Financial Position Analysis

Short Term Liabilities: TAYD's short term assets ($30.9M) exceeds its short term liabilities ($4.4M)

Long Term Liabilities: TAYD has no long term liabilities


Debt to Equity History and Analysis

Debt Level: TAYD is debt free.

Reducing Debt: TAYD had no debt 5 years ago.

Debt Coverage: TAYD has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: TAYD has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: TAYD has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if TAYD's debt is covered by short term assets.


Next Steps

Dividend

What is Taylor Devices's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate TAYD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TAYD's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if TAYD's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TAYD's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TAYD's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Taylor Devices's salary, the management and board of directors tenure and is there insider trading?

1.4yrs

Average management tenure


CEO

Timothy Sopko (53yo)

0.5yrs

Tenure

US$144,234

Compensation

Mr. Timothy J. Sopko has been Chief Executive Officer at Taylor Devices, Inc. since April 29, 2019. Mr. Sopko served as Vice President and General Manager of Carleton Technologies Inc. (d.b.a. Cobham Missi ...


CEO Compensation Analysis

Compensation vs. Market: Timothy has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Insufficient data to compare Timothy's compensation with company performance.


Management Age and Tenure

1.4yrs

Average Tenure

59.5yo

Average Age

Experienced Management: TAYD's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.


Board Age and Tenure

1.4yrs

Average Tenure

60yo

Average Age

Experienced Board: TAYD's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: TAYD insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$125,72117 Oct 19
Ira Sochet
EntityIndividual
Shares11,450
Max PriceUS$10.98
BuyUS$10,77003 Oct 19
Timothy Sopko
EntityIndividual
Role
Chief Executive Officer
Chief Executive Officer
Shares1,000
Max PriceUS$10.77

Ownership Breakdown


Management Team

  • Doug Taylor (71yo)

    Consultant

    • Tenure: 1.4yrs
    • Compensation: US$232.38k
  • Richard Hill (69yo)

    Consultant

    • Tenure: 1.4yrs
    • Compensation: US$257.84k
  • Mark McDonough (59yo)

    CFO, Treasurer & Director

    • Tenure: 1.3yrs
    • Compensation: US$341.90k
  • Alan Klembczyk (53yo)

    President & Director

    • Tenure: 1.3yrs
    • Compensation: US$364.29k
  • John Metzger

    Chief Engineer

    • Tenure: 0yrs
  • Fritz Armenat (60yo)

    Secretary & Director

    • Tenure: 1.5yrs
    • Compensation: US$38.57k
  • Benjamin Kujawinski

    Vice President

    • Tenure: 0yrs
  • Timothy Sopko (53yo)

    Chief Executive Officer

    • Tenure: 0.5yrs
    • Compensation: US$144.23k

Board Members

  • Randall Clark (76yo)

    Independent Director

    • Tenure: 23.8yrs
    • Compensation: US$38.57k
  • Mark McDonough (59yo)

    CFO, Treasurer & Director

    • Tenure: 1.3yrs
    • Compensation: US$341.90k
  • John Burgess (74yo)

    Independent Chairman of the Board

    • Tenure: 0yrs
    • Compensation: US$38.57k
  • Alan Klembczyk (53yo)

    President & Director

    • Tenure: 1.3yrs
    • Compensation: US$364.29k
  • Fritz Armenat (60yo)

    Secretary & Director

    • Tenure: 1.5yrs
    • Compensation: US$38.57k

Company Information

Taylor Devices, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Taylor Devices, Inc.
  • Ticker: TAYD
  • Exchange: NasdaqCM
  • Founded: 1955
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: US$37.267m
  • Shares outstanding: 3.48m
  • Website: https://www.taylordevices.com

Number of Employees


Location

  • Taylor Devices, Inc.
  • 90 Taylor Drive
  • North Tonawanda
  • New York
  • 14120
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TAYDNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJan 1980

Biography

Taylor Devices, Inc. designs, develops, manufactures, and markets shock absorption, rate control, and energy storage devices for use in machinery, equipment, and structures in North America, Asia, and inte ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 23:41
End of Day Share Price2019/10/18 00:00
Earnings2019/08/31
Annual Earnings2019/05/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.