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DSWL

Deswell IndustriesNasdaqGM:DSWL Stock Report

Last Price

US$3.79

Market Cap

US$60.4m

7D

0.3%

1Y

21.9%

Updated

17 Jan, 2022

Data

Company Financials
DSWL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends3/6

DSWL Stock Overview

Deswell Industries, Inc. manufactures and sells injection-molded plastic parts and components, electronic products and subassemblies, and metallic molds and accessory parts for original equipment manufacturers and contract manufacturers.

Price History & Performance

Summary of all time highs, changes and price drops for Deswell Industries
Historical stock prices
Current Share PriceUS$3.79
52 Week HighUS$5.60
52 Week LowUS$3.10
Beta0.40
1 Month Change-4.29%
3 Month Change-5.60%
1 Year Change21.87%
3 Year Change25.61%
5 Year Change111.73%
Change since IPO-17.81%

Recent News & Updates

Oct 01
Calculating The Fair Value Of Deswell Industries, Inc. (NASDAQ:DSWL)

Calculating The Fair Value Of Deswell Industries, Inc. (NASDAQ:DSWL)

In this article we are going to estimate the intrinsic value of Deswell Industries, Inc. ( NASDAQ:DSWL ) by taking the...

Aug 26

Deswell Industries: Upward Trend About To Continue

A buy signal is approaching technically. The fundamentals back this up with earnings set to grow significantly this year. We expect the valuation to revert back up towards its mean.

Shareholder Returns

DSWLUS ElectronicUS Market
7D0.3%-0.8%-0.5%
1Y21.9%9.7%13.7%

Return vs Industry: DSWL exceeded the US Electronic industry which returned 9.7% over the past year.

Return vs Market: DSWL exceeded the US Market which returned 13.7% over the past year.

Price Volatility

Is DSWL's price volatile compared to industry and market?
DSWL volatility
DSWL Average Weekly Movement7.9%
Electronic Industry Average Movement7.5%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: DSWL is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: DSWL's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19871,130Edward Sohttps://www.deswell.com

Deswell Industries, Inc. manufactures and sells injection-molded plastic parts and components, electronic products and subassemblies, and metallic molds and accessory parts for original equipment manufacturers and contract manufacturers. It operates in two segments, Plastic Injection Molding and Electronic Products Assembling. The company produces a range of plastic parts and components that are used in the manufacture of consumer and industrial products, which include plastic components for electronic entertainment products, power tools, accessories, and outdoor equipment; cases for flashlights, telephones, paging machines, projectors, and alarm clocks; parts for electrical products, such as air-conditioning and ventilators, as well as parts for audio equipment, and cases and key tops for personal organizers and remote controls; double injection caps; parts for medical products comprising apparatus for blood tests; laser key caps; automobile components; and plastic components of automatic robot.

Deswell Industries Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
DSWL income statement (TTM)
RevenueUS$76.98m
Cost of RevenueUS$62.99m
Gross ProfitUS$13.99m
ExpensesUS$2.99m
EarningsUS$11.00m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.69
Gross Margin18.18%
Net Profit Margin14.29%
Debt/Equity Ratio0.0%

How did DSWL perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

29%

Payout Ratio

Valuation

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

5.49x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DSWL ($3.79) is trading above our estimate of fair value ($3.54)

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


Price To Earnings Ratio

PE vs Industry: DSWL is good value based on its PE Ratio (5.5x) compared to the US Electronic industry average (18.4x).

PE vs Market: DSWL is good value based on its PE Ratio (5.5x) compared to the US market (17.4x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: DSWL is good value based on its PB Ratio (0.7x) compared to the US Electronic industry average (2.5x).


Future Growth

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

15.3%

Forecasted Tech 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 Deswell Industries 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.


Past Performance

How has Deswell Industries performed over the past 5 years?

19.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DSWL has a high level of non-cash earnings.

Growing Profit Margin: DSWL became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: DSWL has become profitable over the past 5 years, growing earnings by 19.4% per year.

Accelerating Growth: DSWL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: DSWL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (42.1%).


Return on Equity

High ROE: DSWL's Return on Equity (12.4%) is considered low.


Financial Health

How is Deswell Industries's financial position?


Financial Position Analysis

Short Term Liabilities: DSWL's short term assets ($88.2M) exceed its short term liabilities ($26.4M).

Long Term Liabilities: DSWL's short term assets ($88.2M) exceed its long term liabilities ($923.0K).


Debt to Equity History and Analysis

Debt Level: DSWL is debt free.

Reducing Debt: DSWL has not had any debt for past 5 years.

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

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


Balance Sheet


Dividend

What is Deswell Industries's current dividend yield, its reliability and sustainability?

5.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: DSWL's dividend (5.28%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: DSWL's dividend (5.28%) is in the top 25% of dividend payers in the US market (3.44%)


Stability and Growth of Payments

Stable Dividend: DSWL's dividend payments have been volatile in the past 10 years.

Growing Dividend: DSWL's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (29%), DSWL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

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

22.1yrs

Average board tenure


CEO

Edward So (48 yo)

8.08yrs

Tenure

Mr. Kin Chung So, also known as Edward has been the Chief Executive Officer at Deswell Industries, Inc. since December 2, 2013. Mr. So has been in the electronic manufacturing industry internationally and...


Board Members

Experienced Board: DSWL's board of directors are seasoned and experienced ( 22.1 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

Deswell Industries, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Deswell Industries, Inc.
  • Ticker: DSWL
  • Exchange: NasdaqGM
  • Founded: 1987
  • Industry: Electronic Manufacturing Services
  • Sector: Tech
  • Implied Market Cap: US$60.395m
  • Shares outstanding: 15.94m
  • Website: https://www.deswell.com

Number of Employees


Location

  • Deswell Industries, Inc.
  • 10B Edif. Associacao Industrial De Macau
  • No. 32-36 Rua do Comandante Mata e Olive
  • Macau
  • Macau

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 23:21
End of Day Share Price2022/01/14 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.