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Market Cap


Last Updated

2021/05/13 04:00 UTC

Data Sources

Company Financials

Executive Summary

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. More Details

Snowflake Analysis

Flawless balance sheet and fair value.

Share Price & News

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

Latest Share Price and Events

Stable Share Price: DSWL is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: DSWL's weekly volatility (4%) has been stable over the past year.

Market Performance

7 Day Return




US Electronic


US Market

1 Year Return




US Electronic


US Market

Return vs Industry: DSWL underperformed the US Electronic industry which returned 67.4% over the past year.

Return vs Market: DSWL exceeded the US Market which returned 49.4% over the past year.

Shareholder returns

7 Day-0.3%-3.7%-2.8%
30 Day1.1%-6.2%-2.3%
90 Day10.8%-3.1%-1.3%
1 Year76.6%65.7%71.1%67.4%51.8%49.4%
3 Year46.5%25.8%58.0%51.3%57.5%47.6%
5 Year210.5%142.7%167.0%149.8%121.7%97.1%

Long-Term Price Volatility Vs. Market

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

Simply Wall St News


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


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: DSWL ($3.81) is trading below our estimate of fair value ($81.03)

Significantly Below Fair Value: DSWL is trading below fair value by more than 20%.

Price To Earnings Ratio

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

PE vs Market: DSWL 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 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 (0.8x) compared to the US Electronic industry average (2.7x).

Future Growth

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


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?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DSWL is currently unprofitable.

Growing Profit Margin: DSWL is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: DSWL is unprofitable, but has reduced losses over the past 5 years at a rate of 27.4% per year.

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

Earnings vs Industry: DSWL is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (13.1%).

Return on Equity

High ROE: DSWL has a negative Return on Equity (-1.29%), as it is currently unprofitable.

Financial Health

How is Deswell Industries's financial position?

Financial Position Analysis

Short Term Liabilities: DSWL's short term assets ($72.1M) exceed its short term liabilities ($18.6M).

Long Term Liabilities: DSWL's short term assets ($72.1M) exceed its long term liabilities ($832.0K).

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


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


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: DSWL's dividend (4.72%) is higher than the bottom 25% of dividend payers in the US market (1.28%).

High Dividend: DSWL's dividend (4.72%) is in the top 25% of dividend payers in the US market (3.48%)

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 fallen over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: DSWL is paying a dividend but the company is unprofitable.

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


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


Average board tenure


Edward So (47 yo)



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 ( 21.4 years average tenure).


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

Insider Trading Volume

Insider Buying: DSWL 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 company bio, 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
  • Market Cap: US$60.637m
  • Shares outstanding: 15.92m
  • Website:

Number of Employees


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



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 manufactu...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/13 04:00
End of Day Share Price2021/05/12 00:00
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.