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TAIT

Taitron Components NasdaqCM:TAIT Stock Report

Last Price

US$3.86

Market Cap

US$23.1m

7D

0.3%

1Y

-0.8%

Updated

01 Oct, 2022

Data

Company Financials
TAIT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends2/6

TAIT Stock Overview

Taitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components.

Taitron Components Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Taitron Components
Historical stock prices
Current Share PriceUS$3.86
52 Week HighUS$4.97
52 Week LowUS$3.16
Beta1.13
1 Month Change1.58%
3 Month Change8.43%
1 Year Change-0.77%
3 Year Change35.44%
5 Year Change138.27%
Change since IPO-47.66%

Recent News & Updates

Aug 03
Calculating The Fair Value Of Taitron Components Incorporated (NASDAQ:TAIT)

Calculating The Fair Value Of Taitron Components Incorporated (NASDAQ:TAIT)

In this article we are going to estimate the intrinsic value of Taitron Components Incorporated ( NASDAQ:TAIT ) by...

Jul 29

Taitron Components declares $0.045 dividend

Taitron Components (NASDAQ:TAIT) declares $0.045/share quarterly dividend, in line with previous. Forward yield 4.82% Payable Aug. 12; for shareholders of record Aug. 31; ex-div Aug. 30. See TAIT Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

TAITUS ElectronicUS Market
7D0.3%-2.2%-2.5%
1Y-0.8%-24.1%-23.2%

Return vs Industry: TAIT exceeded the US Electronic industry which returned -24.1% over the past year.

Return vs Market: TAIT exceeded the US Market which returned -23.2% over the past year.

Price Volatility

Is TAIT's price volatile compared to industry and market?
TAIT volatility
TAIT Average Weekly Movement4.7%
Electronic Industry Average Movement6.7%
Market Average Movement6.9%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.8%

Stable Share Price: TAIT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: TAIT's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
198914Stewart Wanghttps://www.taitroncomponents.com

Taitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components. The company distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components. It also offers value-added engineering and turn-key solutions focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM products for their turn-key projects.

Taitron Components Fundamentals Summary

How do Taitron Components's earnings and revenue compare to its market cap?
TAIT fundamental statistics
Market CapUS$23.15m
Earnings (TTM)US$3.74m
Revenue (TTM)US$9.10m

6.2x

P/E Ratio

2.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TAIT income statement (TTM)
RevenueUS$9.10m
Cost of RevenueUS$4.47m
Gross ProfitUS$4.62m
Other ExpensesUS$885.00k
EarningsUS$3.74m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.62
Gross Margin50.82%
Net Profit Margin41.09%
Debt/Equity Ratio0.0%

How did TAIT perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

28%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is TAIT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TAIT?

Other financial metrics that can be useful for relative valuation.

TAIT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.9x
Enterprise Value/EBITDA6.3x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does TAIT's PE Ratio compare to its peers?

TAIT PE Ratio vs Peers
The above table shows the PE ratio for TAIT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.3x
SPRS Surge Components
5.5xn/aUS$17.0m
PGNT Paragon Technologies
3.8xn/aUS$15.2m
EACO EACO
5.4xn/aUS$99.7m
WSTG Wayside Technology Group
10.5xn/aUS$116.6m
TAIT Taitron Components
6.2xn/aUS$23.1m

Price-To-Earnings vs Peers: TAIT is good value based on its Price-To-Earnings Ratio (6.2x) compared to the peer average (6.3x).


Price to Earnings Ratio vs Industry

How does TAIT's PE Ratio compare vs other companies in the US Electronic Industry?

Price-To-Earnings vs Industry: TAIT is good value based on its Price-To-Earnings Ratio (6.2x) compared to the US Electronic industry average (14.1x)


Price to Earnings Ratio vs Fair Ratio

What is TAIT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TAIT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate TAIT's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of TAIT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TAIT ($3.86) is trading above our estimate of fair value ($3.35)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.7%

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 Taitron Components 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.


Discover growth companies

Past Performance

How has Taitron Components performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


49.9%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: TAIT's current net profit margins (41.1%) are higher than last year (26.6%).


Past Earnings Growth Analysis

Earnings Trend: TAIT has become profitable over the past 5 years, growing earnings by 49.9% per year.

Accelerating Growth: TAIT's earnings growth over the past year (80%) exceeds its 5-year average (49.9% per year).

Earnings vs Industry: TAIT earnings growth over the past year (80%) exceeded the Electronic industry 20.1%.


Return on Equity

High ROE: TAIT's Return on Equity (23.2%) is considered high.


Discover strong past performing companies

Financial Health

How is Taitron Components's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: TAIT's short term assets ($14.2M) exceed its short term liabilities ($1.3M).

Long Term Liabilities: TAIT has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: TAIT is debt free.

Reducing Debt: TAIT has no debt compared to 5 years ago when its debt to equity ratio was 8.4%.

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

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


Balance Sheet


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Dividend

What is Taitron Components's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


4.66%

Current Dividend Yield

Dividend Yield vs Market

Taitron Components Dividend Yield vs Market
How does Taitron Components dividend yield compare to the market?
SegmentDividend Yield
Company (Taitron Components)4.7%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Electronic)1.8%
Analyst forecast in 3 Years (Taitron Components)n/a

Notable Dividend: TAIT's dividend (4.66%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: TAIT's dividend (4.66%) is low compared to the top 25% of dividend payers in the US market (4.73%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, TAIT has been paying a dividend for less than 10 years.

Growing Dividend: TAIT's dividend payments have increased, but the company has only paid a dividend for 6 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (27.5%), TAIT's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (147.4%), TAIT's dividend payments are not well covered by cash flows.


Discover strong dividend paying companies

Management

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

33.7yrs

Average management tenure


CEO

Stewart Wang (72 yo)

33.67yrs

Tenure

US$226,400

Compensation

Mr. Stewart Wang co-founded Taitron Components Inc. in 1989 and has been its Chief Executive Officer and President since 1989. Mr. Wang served as Chief Financial Officer of Taitron Components Inc. from Nov...


CEO Compensation Analysis

Stewart Wang's Compensation vs Taitron Components Earnings
How has Stewart Wang's remuneration changed compared to Taitron Components's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$4m

Mar 31 2022n/an/a

US$4m

Dec 31 2021US$226kUS$187k

US$2m

Sep 30 2021n/an/a

US$2m

Jun 30 2021n/an/a

US$2m

Mar 31 2021n/an/a

US$2m

Dec 31 2020US$227kUS$182k

US$1m

Sep 30 2020n/an/a

US$503k

Jun 30 2020n/an/a

US$538k

Mar 31 2020n/an/a

US$677k

Dec 31 2019US$233kUS$182k

US$773k

Sep 30 2019n/an/a

US$2m

Jun 30 2019n/an/a

US$1m

Mar 31 2019n/an/a

US$2m

Dec 31 2018US$250kUS$182k

US$1m

Sep 30 2018n/an/a

US$784k

Jun 30 2018n/an/a

US$646k

Mar 31 2018n/an/a

US$462k

Dec 31 2017US$230kUS$182k

US$701k

Sep 30 2017n/an/a

-US$3m

Jun 30 2017n/an/a

-US$3m

Mar 31 2017n/an/a

-US$3m

Dec 31 2016US$221kUS$182k

-US$3m

Sep 30 2016n/an/a

-US$97k

Jun 30 2016n/an/a

-US$158k

Mar 31 2016n/an/a

-US$301k

Dec 31 2015US$223kUS$182k

-US$587k

Compensation vs Market: Stewart's total compensation ($USD226.40K) is below average for companies of similar size in the US market ($USD774.31K).

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


Leadership Team

Experienced Management: TAIT's management team is seasoned and experienced (33.7 years average tenure).


Board Members

Experienced Board: TAIT's board of directors are seasoned and experienced ( 33.7 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

NasdaqCM:TAIT Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
03 Jan 22SellUS$8,060Craig MillerIndividual2,000US$4.05
03 Jan 22SellUS$1,365Craig MillerIndividual333US$4.10
21 Dec 21SellUS$6,591Craig MillerIndividual1,667US$3.96
06 Dec 21SellUS$1,960Craig MillerIndividual500US$3.92

Ownership Breakdown

What is the ownership structure of TAIT?
Owner TypeNumber of SharesOwnership Percentage
Hedge Funds362,9726.1%
Institutions450,9147.5%
General Public2,303,89138.4%
Individual Insiders2,878,40348.0%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.


Top Shareholders

Top 16 shareholders own 61.58% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
24.16%
Stewart Wang
1,448,438$5.6m5.38%no data
19.8%
Tzu Ku
1,187,271$4.6m0%no data
6.05%
Renaissance Technologies LLC
362,972$1.4m-6.54%no data
2.91%
Richard Chiang
174,694$674.3k0%no data
2.12%
Noesis Capital Management Corp
127,000$490.2k0%0.15%
2.1%
The Vanguard Group, Inc.
126,100$486.7k0%no data
1.3%
Bridgeway Capital Management, LLC
78,200$301.9k-0.38%0.01%
1.13%
David Vanderhorst
68,000$262.5k24.15%no data
0.56%
Dimensional Fund Advisors LP
33,564$129.6k8.07%no data
0.5%
State Street Global Advisors, Inc.
30,194$116.5k0%no data
0.38%
Acadian Asset Management LLC
22,925$88.5k-4.53%no data
0.29%
Koss-Olinger Consulting, LLC
17,415$67.2k0%0.01%
0.22%
Geode Capital Management, LLC
13,404$51.7k6.22%no data
0.022%
Tower Research Capital LLC
1,291$5.0k-38.84%no data
0.013%
BlackRock, Inc.
800$3.1k0%no data
0.00035%
Wells Fargo & Company, Private Banking and Investment Banking Arm
21$81.110.53%no data

Company Information

Taitron Components Incorporated's employee growth, exchange listings and data sources


Key Information

  • Name: Taitron Components Incorporated
  • Ticker: TAIT
  • Exchange: NasdaqCM
  • Founded: 1989
  • Industry: Technology Distributors
  • Sector: Tech
  • Implied Market Cap: US$23.145m
  • Shares outstanding: 6.00m
  • Website: https://www.taitroncomponents.com

Number of Employees


Location

  • Taitron Components Incorporated
  • 28040 West Harrison Parkway
  • Valencia
  • California
  • 91355
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TAITNasdaqCM (Nasdaq Capital Market)YesClass A Common StockUSUSDApr 1995

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/01 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.