TechPrecision Corporation, together with its subsidiaries, manufactures and sells precision, large-scale fabricated, and machined metal components and systems primarily in the United States.
Excellent balance sheet with questionable track record.
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.
7 Day Return
1 Year Return
Return vs Industry: TPCS exceeded the US Machinery industry which returned 11.4% over the past year.
Return vs Market: TPCS exceeded the US Market which returned 20.1% over the past year.
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
Is TechPrecision undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TPCS ($1.57) is trading above our estimate of fair value ($0.26)
Significantly Below Fair Value: TPCS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TPCS is poor value based on its PE Ratio (310.6x) compared to the Machinery industry average (21.4x).
PE vs Market: TPCS is poor value based on its PE Ratio (310.6x) compared to the US market (18.4x).
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 (4.9x) compared to the US Machinery industry average (2.2x).
How is TechPrecision forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Examine TechPrecision's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access TechPrecision's filings and announcements here.
- Explore growth companies in the Capital Goods industry.
How has TechPrecision performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TPCS has high quality earnings.
Growing Profit Margin: TPCS's current net profit margins (0.9%) are lower than last year (1.2%).
Past Earnings Growth Analysis
Earnings Trend: TPCS has become profitable over the past 5 years, growing earnings by 31.5% per year.
Accelerating Growth: TPCS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TPCS had negative earnings growth (-24.7%) over the past year, making it difficult to compare to the Machinery industry average (0.9%).
Return on Equity
High ROE: TPCS's Return on Equity (1.6%) is considered low.
Return on Assets
Return on Capital Employed
How is TechPrecision's financial position?
Financial Position Analysis
Short Term Liabilities: TPCS's short term assets ($8.8M) exceed its short term liabilities ($3.4M).
Long Term Liabilities: TPCS's short term assets ($8.8M) exceed its long term liabilities ($2.5M).
Debt to Equity History and Analysis
Debt Level: TPCS's debt to equity ratio (38.5%) is considered satisfactory.
Reducing Debt: TPCS's debt to equity ratio has reduced from 638% to 38.5% over the past 5 years.
Inventory Level: TPCS has a high level of physical assets or inventory.
Debt Coverage by Assets: TPCS's debt is covered by short term assets (assets are 2.4x debt).
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: TPCS is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: TPCS is profitable, therefore cash runway is not a concern.
What is TechPrecision's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate TPCS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TPCS's dividend yield against the top 25% of dividend payers, as the company has not reported any 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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Alex Shen (57yo)
Mr. Alexander Shen, also known as Alex, has been the President and Chief Executive Officer of TechPrecision Corporation since November 17, 2014. Mr. Shen serves as the President of Ranor, Inc. at TechPreci ...
CEO Compensation Analysis
Compensation vs Market: Alex's total compensation ($USD346.94K) is below average for companies of similar size in the US market ($USD521.92K).
Compensation vs Earnings: Alex's compensation has been consistent with company performance over the past year.
|CEO & President||5.3yrs||US$346.94k||0.043% $19.6k|
|Chief Financial Officer||4.3yrs||US$237.99k||0.043% $19.6k|
|President of WCMC Division||8.6yrs||no data||no data|
Experienced Management: TPCS's management team is considered experienced (2.9 years average tenure).
|Independent Director||3.2yrs||US$65.97k||0.085% $39.3k|
|Independent Director||10.9yrs||US$60.97k||6.11% $2.8m|
|Independent Director||3.2yrs||US$60.97k||0.28% $130.3k|
|Chairman of the Board||2.9yrs||US$72.97k||1.43% $654.8k|
Experienced Board: TPCS's board of directors are considered experienced (3.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TPCS insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
TechPrecision Corporation's company bio, employee growth, exchange listings and data sources
- Name: TechPrecision Corporation
- Ticker: TPCS
- Exchange: OTCPK
- Founded: 1956
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: US$45.930m
- Shares outstanding: 29.25m
- Website: https://www.techprecision.com
Number of Employees
- TechPrecision Corporation
- 1 Bella Drive
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TPCS||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Nov 2007|
TechPrecision Corporation, together with its subsidiaries, manufactures and sells precision, large-scale fabricated, and machined metal components and systems primarily in the United States. It offers custom components for ships and submarines, aerospace equipment, nuclear power plants, and large scale medical systems. The company also provides manufacturing engineering services to assist customers. It serves customers in defense, aerospace, nuclear, energy, medical, and precision industrial markets. The company was founded in 1956 and is headquartered in Westminster, Massachusetts.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/18 00:18|
|End of Day Share Price||2020/02/14 00:00|
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.