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TransAct Technologies

Nasdaq:TACT
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TACT
Nasdaq
$66M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

TransAct Technologies Incorporated designs, develops, assembles, and markets transaction-based and specialty printers and terminals in the United States and internationally. The last earnings update was 13 days ago. More info.


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TACT Share Price and Events
7 Day Returns
0.9%
NasdaqGM:TACT
4.7%
US Tech
1.6%
US Market
1 Year Returns
-32%
NasdaqGM:TACT
3.9%
US Tech
3.2%
US Market
TACT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TransAct Technologies (TACT) 0.9% -15.1% -1% -32% 7.9% -22.8%
US Tech 4.7% 9.5% 14% 3.9% 67.2% 111.5%
US Market 1.6% 2.1% 12.8% 3.2% 38.6% 43.6%
1 Year Return vs Industry and Market
  • TACT underperformed the Tech industry which returned 3.9% over the past year.
  • TACT underperformed the Market in United States of America which returned 3.2% over the past year.
Price Volatility
TACT
Industry
5yr Volatility vs Market

Value

 Is TransAct Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TransAct Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for TransAct Technologies.

NasdaqGM:TACT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:TACT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.027 (1 + (1- 21%) (0%))
1.018
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.018 * 5.96%)
8.8%

Discounted Cash Flow Calculation for NasdaqGM:TACT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TransAct Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGM:TACT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.8%)
2019 4.90 Est @ 2.99% 4.50
2020 5.04 Est @ 2.91% 4.26
2021 5.18 Est @ 2.86% 4.02
2022 5.33 Est @ 2.82% 3.80
2023 5.48 Est @ 2.79% 3.59
2024 5.63 Est @ 2.77% 3.39
2025 5.78 Est @ 2.76% 3.20
2026 5.94 Est @ 2.75% 3.03
2027 6.11 Est @ 2.74% 2.86
2028 6.27 Est @ 2.74% 2.70
Present value of next 10 years cash flows $35.35
NasdaqGM:TACT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $6.27 × (1 + 2.73%) ÷ (8.8% – 2.73%)
$106.18
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $106.18 ÷ (1 + 8.8%)10
$45.69
NasdaqGM:TACT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $35.35 + $45.69
$81.04
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $81.04 / 7.39
$10.97
NasdaqGM:TACT Discount to Share Price
Calculation Result
Value per share (USD) From above. $10.97
Current discount Discount to share price of $8.88
= -1 x ($8.88 - $10.97) / $10.97
19%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price TransAct Technologies is available for.
Intrinsic value
19%
Share price is $8.88 vs Future cash flow value of $10.97
Current Discount Checks
For TransAct Technologies to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • TransAct Technologies's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • TransAct Technologies's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TransAct Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TransAct Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:TACT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.73
NasdaqGM:TACT Share Price ** NasdaqGM (2019-03-19) in USD $8.88
United States of America Tech Industry PE Ratio Median Figure of 15 Publicly-Listed Tech Companies 16.94x
United States of America Market PE Ratio Median Figure of 3,056 Publicly-Listed Companies 17.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TransAct Technologies.

NasdaqGM:TACT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:TACT Share Price ÷ EPS (both in USD)

= 8.88 ÷ 0.73

12.18x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TransAct Technologies is good value based on earnings compared to the US Tech industry average.
  • TransAct Technologies is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does TransAct Technologies's expected growth come at a high price?
Raw Data
NasdaqGM:TACT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
11%per year
United States of America Tech Industry PEG Ratio Median Figure of 8 Publicly-Listed Tech Companies 1.08x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

NasdaqGM:TACT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.18x ÷ 11%

1.1x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TransAct Technologies is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on TransAct Technologies's assets?
Raw Data
NasdaqGM:TACT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $3.71
NasdaqGM:TACT Share Price * NasdaqGM (2019-03-19) in USD $8.88
United States of America Tech Industry PB Ratio Median Figure of 37 Publicly-Listed Tech Companies 1.85x
United States of America Market PB Ratio Median Figure of 5,154 Publicly-Listed Companies 1.89x
NasdaqGM:TACT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:TACT Share Price ÷ Book Value per Share (both in USD)

= 8.88 ÷ 3.71

2.39x

* Primary Listing of TransAct Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TransAct Technologies is overvalued based on assets compared to the US Tech industry average.
X
Value checks
We assess TransAct Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Tech industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Tech industry average (and greater than 0)? (1 check)
  5. TransAct Technologies has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is TransAct Technologies expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TransAct Technologies expected to grow at an attractive rate?
  • TransAct Technologies's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • TransAct Technologies's earnings growth is positive but not above the United States of America market average.
  • TransAct Technologies's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:TACT Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:TACT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 11%
NasdaqGM:TACT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 4.7%
United States of America Tech Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
United States of America Tech Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:TACT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:TACT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 60 7 1
2019-12-31 55 5 1
NasdaqGM:TACT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 55 5
2018-09-30 56 6 4
2018-06-30 56 4 3
2018-03-31 55 7 3
2017-12-31 56 6 3
2017-09-30 57 5 5
2017-06-30 56 7 4
2017-03-31 57 6 4
2016-12-31 57 5 4
2016-09-30 56 6 3
2016-06-30 55 6 3
2016-03-31 58 3 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TransAct Technologies's earnings are expected to grow by 11% yearly, however this is not considered high growth (20% yearly).
  • TransAct Technologies's revenue is expected to grow by 4.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:TACT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from TransAct Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:TACT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.82 0.82 0.82 1.00
2019-12-31 0.60 0.60 0.60 1.00
NasdaqGM:TACT Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.73
2018-09-30 0.54
2018-06-30 0.44
2018-03-31 0.40
2017-12-31 0.43
2017-09-30 0.67
2017-06-30 0.54
2017-03-31 0.52
2016-12-31 0.48
2016-09-30 0.36
2016-06-30 0.38
2016-03-31 0.46

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • TransAct Technologies is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess TransAct Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TransAct Technologies has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has TransAct Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TransAct Technologies's growth in the last year to its industry (Tech).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TransAct Technologies's year on year earnings growth rate has been positive over the past 5 years.
  • TransAct Technologies's 1-year earnings growth exceeds its 5-year average (69% vs 19.2%)
  • TransAct Technologies's earnings growth has not exceeded the US Tech industry average in the past year (69% vs 94.9%).
Earnings and Revenue History
TransAct Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TransAct Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:TACT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 54.59 5.43 15.41 4.58
2018-09-30 56.03 4.05 15.64 4.65
2018-06-30 55.71 3.29 15.73 4.69
2018-03-31 54.56 2.95 15.65 4.53
2017-12-31 56.31 3.21 15.55 4.30
2017-09-30 56.72 4.98 14.69 4.13
2017-06-30 55.67 4.05 14.46 4.11
2017-03-31 56.88 3.94 14.15 4.18
2016-12-31 57.24 3.62 14.17 4.43
2016-09-30 55.75 2.79 14.50 4.56
2016-06-30 55.45 2.94 14.91 4.20
2016-03-31 57.87 3.57 15.22 3.97
2015-12-31 59.68 3.09 15.17 3.60
2015-09-30 59.86 -0.48 15.60 3.36
2015-06-30 59.07 -1.46 15.39 3.65
2015-03-31 55.65 -2.67 15.55 3.94
2014-12-31 53.11 -2.42 15.74 4.30
2014-09-30 53.34 1.73 14.97 4.45
2014-06-30 56.72 3.13 15.33 4.44
2014-03-31 58.70 4.17 14.87 4.28
2013-12-31 60.14 4.94 14.83 4.07
2013-09-30 67.23 5.71 15.24 4.04
2013-06-30 65.82 4.28 14.63 4.08
2013-03-31 65.88 3.57 14.41 4.04
2012-12-31 68.39 3.62 14.47 4.24
2012-09-30 62.42 2.31 14.26 4.24
2012-06-30 61.17 3.13 14.15 4.00
2012-03-31 62.83 4.06 14.02 3.86

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • TransAct Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TransAct Technologies used its assets more efficiently than the US Tech industry average last year based on Return on Assets.
  • TransAct Technologies has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TransAct Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Tech industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TransAct Technologies has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is TransAct Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TransAct Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TransAct Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TransAct Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TransAct Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • TransAct Technologies has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TransAct Technologies Company Filings, last reported 2 months ago.

NasdaqGM:TACT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 27.57 0.00 4.69
2018-09-30 26.97 0.00 3.80
2018-06-30 24.74 0.00 3.76
2018-03-31 24.47 0.00 4.67
2017-12-31 26.01 0.00 5.51
2017-09-30 26.12 0.00 3.53
2017-06-30 24.94 0.00 4.88
2017-03-31 24.50 0.00 2.43
2016-12-31 24.11 0.00 2.50
2016-09-30 23.56 0.00 2.20
2016-06-30 24.01 0.00 2.56
2016-03-31 25.46 0.00 2.89
2015-12-31 25.73 0.00 4.47
2015-09-30 25.61 0.00 2.45
2015-06-30 25.06 0.00 2.29
2015-03-31 24.15 0.00 4.05
2014-12-31 25.39 0.00 3.13
2014-09-30 30.90 0.00 3.07
2014-06-30 32.21 0.00 5.09
2014-03-31 32.54 0.00 3.21
2013-12-31 32.52 0.00 2.94
2013-09-30 31.41 0.00 2.76
2013-06-30 34.50 0.00 8.83
2013-03-31 33.62 0.00 8.45
2012-12-31 33.37 0.00 7.54
2012-09-30 32.23 0.00 8.58
2012-06-30 32.49 0.00 7.21
2012-03-31 36.74 0.00 7.87
  • TransAct Technologies has no debt.
  • TransAct Technologies has not taken on any debt in the past 5 years.
  • TransAct Technologies has no debt, it does not need to be covered by operating cash flow.
  • TransAct Technologies has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess TransAct Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TransAct Technologies has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is TransAct Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.05%
Current annual income from TransAct Technologies dividends.
If you bought $2,000 of TransAct Technologies shares you are expected to receive $81 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • TransAct Technologies's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • TransAct Technologies's dividend is above the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:TACT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Tech Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 1.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:TACT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
NasdaqGM:TACT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-14 0.360 3.702
2018-11-05 0.360 3.527
2018-07-30 0.360 2.515
2018-04-30 0.360 3.143
2018-02-05 0.360 2.748
2017-10-30 0.360 2.668
2017-07-31 0.360 3.726
2017-05-01 0.360 4.173
2017-02-06 0.320 4.111
2016-10-31 0.320 4.794
2016-08-01 0.320 4.338
2016-04-29 0.320 4.186
2016-02-03 0.320 4.066
2015-11-03 0.320 3.736
2015-08-03 0.320 3.763
2015-05-04 0.320 4.643
2015-02-04 0.320 5.485
2014-11-03 0.320 5.637
2014-08-04 0.320 4.731
2014-05-06 0.320 3.180
2014-02-05 0.280 2.506
2013-11-05 0.280 2.236
2013-08-05 0.280 2.547
2013-05-06 0.280 3.393
2013-02-05 0.240 3.087
2012-11-05 0.240 3.159

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, TransAct Technologies has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but TransAct Technologies only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of TransAct Technologies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess TransAct Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TransAct Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TransAct Technologies has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of TransAct Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bart Shuldman
COMPENSATION $1,388,045
AGE 61
TENURE AS CEO 22.8 years
CEO Bio

Mr. Bart C. Shuldman has been the Chief Executive Officer of Transact Technologies Inc. since June 1996 and its Executive Chairman since February 2001. Mr. Shuldman serves as the Chief Executive Officer and President of MagneTec Inc. He served as the President of TransAct Technologies Incorporated since June 1996 until June 1, 2010. He joined Magnetec Corporation, a subsidiary of Tridex Corporation, in April 1994, served as its Group President of Printer Operations and then served as its President from August 1994 to December 1995. Previously, Mr. Shuldman served as Vice President of Sales and Marketing of Magnetec Corporation, a former subsidiary of Tridex, from April 1993 to August 1993 and served as President of Magnetec and later the combined operations of Magnetec and Ithaca Peripherals Incorporated, another former Tridex subsidiary, from August 1993 to June 1996. Prior to joining Magnetec, Mr. Shuldman held several management positions with Mars Electronics International, a division of Mars, Incorporated, from 1989 to 1993, including serving as Business Manager for the North American Amusement, Gaming and Lottery operations. From 1979 to 1989, he held manufacturing and sales management positions with General Electric Company. He has been an Executive Director of Transact Technologies Inc. since June 1996. He serves as a Member of the Board of Visitors, College of Engineering and Ward College of Technology, University of Hartford. He serves as a Board Member of the Fairchester Chapter of YPO (Young President Organization). Mr. Shuldman has a B.S. in electrical engineering and an MBA.

CEO Compensation
  • Bart's compensation has been consistent with company performance over the past year.
  • Bart's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the TransAct Technologies management team in years:

7.8
Average Tenure
59
Average Age
  • The average tenure for the TransAct Technologies management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Bart Shuldman

TITLE
Executive Chairman & CEO
COMPENSATION
$1M
AGE
61
TENURE
22.8 yrs

Steve DeMartino

TITLE
President
COMPENSATION
$678K
AGE
48
TENURE
8.8 yrs

Andrew Hoffman

TITLE
Senior Vice President of Operations
COMPENSATION
$336K
AGE
60
TENURE
14.3 yrs

Tracey Chernay

TITLE
Senior Vice President Casino
COMPENSATION
$276K
AGE
58
TENURE
13.8 yrs

David Peters

TITLE
VP & Chief Accounting Officer
AGE
39
TENURE
1 yrs

Don Brooks

TITLE
Senior Vice President of Engineering
COMPENSATION
$289K
AGE
65
TENURE
6.9 yrs

Ray Walsh

TITLE
Senior Vice President of Global Restaurant Solution Sales
TENURE
0.1 yrs

David Block

TITLE
Senior Vice President of Software Engineering
TENURE
2 yrs
Board of Directors Tenure

Average tenure and age of the TransAct Technologies board of directors in years:

18.1
Average Tenure
69
Average Age
  • The average tenure for the TransAct Technologies board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Bart Shuldman

TITLE
Executive Chairman & CEO
COMPENSATION
$1M
AGE
61
TENURE
18.1 yrs

Thomas Schwarz

TITLE
Independent Director
COMPENSATION
$75K
AGE
81
TENURE
22.8 yrs

Graham Tanaka

TITLE
Independent Director
COMPENSATION
$75K
AGE
70
TENURE
22.8 yrs

John Dillon

TITLE
Director
COMPENSATION
$75K
AGE
68
TENURE
7.8 yrs

Haydee Olinger

TITLE
Independent Director
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by TransAct Technologies insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
12. Mar 19 Sell Thomas Schwarz Individual 11. Mar 19 11. Mar 19 -8,000 $8.67 $-69,360
12. Mar 19 Buy John Dillon Individual 11. Mar 19 11. Mar 19 10,000 $8.81 $88,100
18. Dec 18 Buy Grand Slam Asset Management, LLC Company 29. Nov 18 30. Nov 18 13,700 $10.54 $143,628
11. Dec 18 Sell Graham Tanaka Individual 07. Dec 18 10. Dec 18 -7,552 $9.51 $-71,738
06. Dec 18 Sell Graham Tanaka Individual 04. Dec 18 06. Dec 18 -8,456 $10.06 $-84,345
03. Dec 18 Sell Graham Tanaka Individual 29. Nov 18 03. Dec 18 -23,228 $10.59 $-243,465
28. Nov 18 Sell Graham Tanaka Individual 27. Nov 18 28. Nov 18 -6,477 $10.39 $-67,152
26. Nov 18 Sell Graham Tanaka Individual 21. Nov 18 23. Nov 18 -32,385 $10.62 $-339,879
16. Nov 18 Sell Graham Tanaka Individual 15. Nov 18 16. Nov 18 -15,768 $11.94 $-181,096
15. Nov 18 Sell Graham Tanaka Individual 13. Nov 18 13. Nov 18 -1,621 $12.51 $-20,279
13. Nov 18 Sell Graham Tanaka Individual 09. Nov 18 12. Nov 18 -12,611 $12.30 $-154,423
07. Sep 18 Sell Bart Shuldman Individual 05. Sep 18 05. Sep 18 -1,466 $14.16 $-20,759
05. Sep 18 Sell Bart Shuldman Individual 31. Aug 18 04. Sep 18 -1,272 $14.35 $-18,253
31. Aug 18 Sell Bart Shuldman Individual 29. Aug 18 30. Aug 18 -3,462 $14.43 $-49,854
16. Aug 18 Buy Haydee Olinger Individual 14. Aug 18 15. Aug 18 1,000 $13.97 $13,904
10. Aug 18 Sell Bart Shuldman Individual 08. Aug 18 08. Aug 18 -5,823 $14.53 $-84,608
09. Aug 18 Sell Thomas Schwarz Individual 07. Aug 18 07. Aug 18 -5,000 $14.72 $-73,600
12. Jun 18 Sell Thomas Schwarz Individual 08. Jun 18 08. Jun 18 -5,000 $11.06 $-55,300
X
Management checks
We assess TransAct Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TransAct Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does TransAct Technologies Incorporated's (NASDAQ:TACT) CEO Salary Reflect Performance?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Bart Shuldman's Compensation Compare With Similar Sized Companies. … According to our data, TransAct Technologies Incorporated has a market capitalization of US$64m, and pays its CEO total annual compensation worth US$1.4m.

Simply Wall St -

Investors Who Bought TransAct Technologies Shares Three Years Ago Are Now Up 36%

For example, the TransAct Technologies Incorporated (NASDAQ:TACT) share price return of 36% over three years lags the market return in the same period. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … That would generally be considered a positive, so we'd expect the share price to be up.

Simply Wall St -

At US$10.60, Is It Time To Put TransAct Technologies Incorporated (NASDAQ:TACT) On Your Watch List?

TransAct Technologies Incorporated (NASDAQ:TACT), which is in the tech business, and is based in United States,. … So, could the stock still be trading at a low price relative to its actual value. … Let’s take a look at TransAct Technologies’s outlook and value based on the most recent financial data to see if the opportunity still exists

Simply Wall St -

Is TransAct Technologies Incorporated (NASDAQ:TACT) A Strong Dividend Stock?

Historically, TransAct Technologies Incorporated (NASDAQ:TACT) has paid a dividend to shareholders. … Let's dig deeper into whether TransAct Technologies should have a place in your portfolio. … View our latest analysis for TransAct Technologies

Simply Wall St -

TransAct Technologies Incorporated (NASDAQ:TACT) Delivered A Weaker ROE Than Its Industry

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows TransAct Technologies has a return on equity of 15% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Many Insiders Sold TransAct Technologies Incorporated (NASDAQ:TACT) Shares?

So we'll take a look at whether insiders have been buying or selling shares in TransAct Technologies Incorporated (NASDAQ:TACT). … That means that an insider was selling shares at below the current price (US$10.69) … We generally consider it a negative if insiders have been selling on market, especially if they did so below the current price

Simply Wall St -

Should You Like TransAct Technologies Incorporated’s (NASDAQ:TACT) High Return On Capital Employed?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … How Do You Calculate Return On Capital Employed

Simply Wall St -

Should You Be Tempted To Sell TransAct Technologies Incorporated (NASDAQ:TACT) Because Of Its P/E Ratio?

We'll show how you can use TransAct Technologies Incorporated's (NASDAQ:TACT) P/E ratio to inform your assessment of the investment opportunity. … TransAct Technologies has a P/E ratio of 16.95, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Could The TransAct Technologies Incorporated (NASDAQ:TACT) Ownership Structure Tell Us Something Useful?

Every investor in TransAct Technologies Incorporated (NASDAQ:TACT) should be aware of the most powerful shareholder groups. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … With a market capitalization of US$78m, TransAct Technologies is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

How Much is TransAct Technologies Incorporated's (NASDAQ:TACT) CEO Getting Paid?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Bart Shuldman's Compensation Compare With Similar Sized Companies. … Our data indicates that TransAct Technologies Incorporated is worth US$77m, and total annual CEO compensation is US$1.4m

Simply Wall St -

Company Info

Description

TransAct Technologies Incorporated designs, develops, assembles, and markets transaction-based and specialty printers and terminals in the United States and internationally. It offers thermal, inkjet, and impact printers and terminals to generate labels and transaction records, such as receipts, tickets, coupons, register journals, and other documents, as well as printed logging and plotting of data. The company also provides consumable products, including inkjet cartridges, ribbons, receipt papers, color thermal papers, food safety labels, and other printing supplies, as well as replacement parts; maintenance, repair, and testing services; and refurbished printers. In addition, it offers EPICENTRAL print system, a software solution that enables casino operators to create promotional coupons and marketing messages, and print them at the slot machine; and technical support services, as well as spare parts and accessories. Further, the company provides AccuDate terminals for the restaurant solutions market combine hardware and software in a device that includes an operating system, touchscreen, and one or two thermal print mechanisms. The company markets its products under the AccuDate, Epic, EPICENTRAL, Ithaca, Responder, and Printrex brand names for restaurant, point of sale automation and banking, casino and gaming, lottery, mobile, oil and gas, and hospitality markets, as well as government. It sells its products to original equipment manufacturers, value-added resellers, and distributors, as well as directly and online to end-users. TransAct Technologies Incorporated was founded in 1996 and is headquartered in Hamden, Connecticut.

Details
Name: TransAct Technologies Incorporated
TACT
Exchange: NasdaqGM
Founded: 1996
$65,632,328
7,391,028
Website: http://www.transact-tech.com
Address: TransAct Technologies Incorporated
One Hamden Center,
Suite 3B,
Hamden,
Connecticut, 06518,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM TACT Common Stock Nasdaq Global Market US USD 22. Aug 1996
Number of employees
Current staff
Staff numbers
123
TransAct Technologies employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 23:44
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/03/07
Last earnings filing: 2019/03/06
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.