OTCPK:TPCS

Stock Analysis Report

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Executive Summary

TechPrecision Corporation, together with its subsidiaries, manufactures and sells precision, large-scale fabricated, and machined metal structural components and systems primarily in the United States. More Details


Snowflake Analysis

Mediocre balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TPCS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.7%

TPCS

1.5%

US Machinery

0.4%

US Market


1 Year Return

-17.6%

TPCS

13.3%

US Machinery

17.8%

US Market

Return vs Industry: TPCS underperformed the US Machinery industry which returned 13.6% over the past year.

Return vs Market: TPCS underperformed the US Market which returned 18.3% over the past year.


Shareholder returns

TPCSIndustryMarket
7 Day1.7%1.5%0.4%
30 Day1.7%10.4%6.1%
90 Day-1.6%15.1%8.9%
1 Year-17.6%-17.6%16.3%13.3%20.5%17.8%
3 Year103.3%103.3%26.6%17.4%42.3%32.9%
5 Year577.8%577.8%105.6%82.4%84.2%63.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

3.81x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: TPCS is unprofitable, so we can't compare its PE Ratio to the US Machinery industry average.

PE vs Market: TPCS is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TPCS is overvalued based on its PB Ratio (3.8x) compared to the US Machinery industry average (2.4x).


Next Steps

Future Growth

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

21.3%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as TechPrecision has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of TPCS’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on theOTC Markets Website. If you are looking for more of a qualitative research into the company, you can access TechPrecision's filings and announcementshere.
  • Explore growth companies in the Capital Goods industry.

Past Performance

How has TechPrecision performed over the past 5 years?

-9.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TPCS is currently unprofitable.

Growing Profit Margin: TPCS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: TPCS is unprofitable, and losses have increased over the past 5 years at a rate of 9.4% per year.

Accelerating Growth: Unable to compare TPCS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: TPCS is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-13.9%).


Return on Equity

High ROE: TPCS has a negative Return on Equity (-7.21%), as it is currently unprofitable.


Next Steps

Financial Health

How is TechPrecision's financial position?


Financial Position Analysis

Short Term Liabilities: TPCS's short term assets ($9.6M) exceed its short term liabilities ($3.2M).

Long Term Liabilities: TPCS's short term assets ($9.6M) exceed its long term liabilities ($3.2M).


Debt to Equity History and Analysis

Debt Level: TPCS's debt to equity ratio (40.7%) is considered high.

Reducing Debt: TPCS's debt to equity ratio has reduced from 1045.4% to 40.7% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if TPCS has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if TPCS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is TechPrecision current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if TPCS'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 TPCS's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Alex Shen (58 yo)

5.92yrs

Tenure

US$305,020

Compensation

Mr. Alexander Shen, also known as Alex, has been Chief Executive Officer of TechPrecision Corporation since November 14, 2014 and its President. Mr. Shen serves as the President of Ranor, Inc. (Ranor Divis ...


CEO Compensation Analysis

Compensation vs Market: Alex's total compensation ($USD305.02K) is below average for companies of similar size in the US market ($USD578.04K).

Compensation vs Earnings: Alex's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Alexander Shen
CEO & President5.92yrsUS$305.02k0.14%
$ 51.1k
Thomas Sammons
Chief Financial Officer5yrsUS$210.32k0.092%
$ 33.2k
Christopher Poplaski
President of WCMC Division9.25yrsno datano data
Michael Holly
Consultant3.58yrsUS$10.09kno data
Philip Dur
Consultant3.58yrsUS$10.09kno data
Leonard Anthony
Consultant3.58yrsUS$10.09kno data
Robert Isaman
Consultant3.58yrsUS$10.09kno data

3.6yrs

Average Tenure

65.5yo

Average Age

Experienced Management: TPCS's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robert Crisafulli
Independent Director3.83yrsUS$56.75k0.26%
$ 91.5k
Andrew Levy
Independent Director11.58yrsUS$51.75k6.25%
$ 2.2m
Walter Schenker
Independent Director3.83yrsUS$51.75k0.45%
$ 162.3k
Richard McGowan
Independent Chairman of the Board3.58yrsUS$63.75k1.51%
$ 543.0k

3.8yrs

Average Tenure

69yo

Average Age

Experienced Board: TPCS's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

TechPrecision Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TechPrecision Corporation
  • Ticker: TPCS
  • Exchange: OTCPK
  • Founded: 1956
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: US$35.866m
  • Shares outstanding: 29.40m
  • Website: https://www.techprecision.com

Number of Employees


Location

  • TechPrecision Corporation
  • 1 Bella Drive
  • Westminster
  • Massachusetts
  • 1473
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TPCSOTCPK (Pink Sheets LLC)YesCommon StockUSUSDNov 2007

Biography

TechPrecision Corporation, together with its subsidiaries, manufactures and sells precision, large-scale fabricated, and machined metal structural components and systems primarily in the United States. It ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/25 23:59
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.