AMEX:TRT

Stock Analysis Report

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Executive Summary

Trio-Tech International, together with its subsidiaries, provides manufacturing, testing, and distribution services to the semiconductor industry. More Details


Snowflake Analysis

Excellent balance sheet and slightly overvalued.

Share Price & News

How has Trio-Tech International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TRT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: TRT's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

-9.8%

TRT

4.1%

US Semiconductor

0.9%

US Market


1 Year Return

8.7%

TRT

55.5%

US Semiconductor

22.1%

US Market

Return vs Industry: TRT underperformed the US Semiconductor industry which returned 55.8% over the past year.

Return vs Market: TRT underperformed the US Market which returned 22.2% over the past year.


Shareholder returns

TRTIndustryMarket
7 Day-9.8%4.1%0.9%
30 Day-2.8%15.7%10.2%
90 Day9.9%19.2%9.7%
1 Year8.7%8.7%58.4%55.5%24.8%22.1%
3 Year-46.1%-46.1%102.9%92.2%48.6%38.7%
5 Year33.8%33.8%271.1%235.5%99.6%77.6%

Long-Term Price Volatility Vs. Market

How volatile is Trio-Tech International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Trio-Tech International undervalued compared to its fair value and its price relative to the market?

20.58x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TRT ($3.88) is trading above our estimate of fair value ($0.97)

Significantly Below Fair Value: TRT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TRT is good value based on its PE Ratio (20.6x) compared to the US Semiconductor industry average (38.1x).

PE vs Market: TRT is poor value based on its PE Ratio (20.6x) compared to the US market (19.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: TRT is good value based on its PB Ratio (0.6x) compared to the US Semiconductor industry average (3.5x).


Next Steps

Future Growth

How is Trio-Tech International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

20.1%

Forecasted Semiconductors 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 Trio-Tech International 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

Past Performance

How has Trio-Tech International performed over the past 5 years?

5.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TRT has a large one-off gain of $1.9M impacting its September 30 2020 financial results.

Growing Profit Margin: TRT's current net profit margins (2.2%) are lower than last year (4.5%).


Past Earnings Growth Analysis

Earnings Trend: TRT's earnings have grown by 5.5% per year over the past 5 years.

Accelerating Growth: TRT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TRT had negative earnings growth (-60.4%) over the past year, making it difficult to compare to the Semiconductor industry average (22.8%).


Return on Equity

High ROE: TRT's Return on Equity (3.1%) is considered low.


Next Steps

Financial Health

How is Trio-Tech International's financial position?


Financial Position Analysis

Short Term Liabilities: TRT's short term assets ($20.5M) exceed its short term liabilities ($7.1M).

Long Term Liabilities: TRT's short term assets ($20.5M) exceed its long term liabilities ($3.2M).


Debt to Equity History and Analysis

Debt Level: TRT's debt to equity ratio (9.8%) is considered satisfactory.

Reducing Debt: TRT's debt to equity ratio has reduced from 20.4% to 9.8% over the past 5 years.

Debt Coverage: TRT's debt is well covered by operating cash flow (99.3%).

Interest Coverage: Insufficient data to determine if TRT's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Trio-Tech International current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate TRT'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 TRT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TRT'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 TRT'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?

28.1yrs

Average management tenure


CEO

Siew Yong (67 yo)

30.92yrs

Tenure

US$402,398

Compensation

Mr. Siew Wai Yong has been the Chief Executive Officer and President at Trio-Tech International since 1990. Mr. Yong joined at Trio-Tech International Pte. Ltd. in 1976 and has been its Managing Director s...


CEO Compensation Analysis

Compensation vs Market: Siew's total compensation ($USD402.40K) is about average for companies of similar size in the US market ($USD561.84K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Siew Yong
President30.92yrsUS$402.40k13.05%
$ 1.9m
H. Ting
CFO, Corporate VP & Director10.25yrsUS$238.76k3.28%
$ 472.9k
Hwee Lim
Corporate Vice-President of Testing22.42yrsUS$134.70k2.21%
$ 318.1k

28.1yrs

Average Tenure

66yo

Average Age

Experienced Management: TRT's management team is seasoned and experienced (28.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Siew Yong
President30.92yrsUS$402.40k13.05%
$ 1.9m
H. Ting
CFO, Corporate VP & Director10.25yrsUS$238.76k3.28%
$ 472.9k
A. Wilson
Independent Chairman of the Board31.92yrsUS$112.40k8.64%
$ 1.2m
Jason Adelman
Independent Director23.67yrsUS$56.20k0%
$ 0
Richard Horowitz
Independent Director30.92yrsUS$56.20k9.62%
$ 1.4m

30.9yrs

Average Tenure

67yo

Average Age

Experienced Board: TRT's board of directors are seasoned and experienced ( 30.9 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: TRT insiders have only sold shares 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

Trio-Tech International's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Trio-Tech International
  • Ticker: TRT
  • Exchange: AMEX
  • Founded: 1958
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: US$14.397m
  • Shares outstanding: 3.71m
  • Website: https://www.triotech.com

Number of Employees


Location

  • Trio-Tech International
  • 16139 Wyandotte Street
  • Van Nuys
  • California
  • 91406
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TRTAMEX (NYSE MKT LLC)YesCommon StockUSUSDDec 1984

Biography

Trio-Tech International, together with its subsidiaries, provides manufacturing, testing, and distribution services to the semiconductor industry. The company’s Testing Services segment offers stabilizatio...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/03 23:29
End of Day Share Price2020/12/03 00:00
Earnings2020/09/30
Annual Earnings2020/06/30


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.