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Taitron Components

Nasdaq:TAIT
Snowflake Description

Flawless balance sheet, undervalued and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TAIT
Nasdaq
$18M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Taitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components. The last earnings update was 70 days ago. More info.


Add to Portfolio Compare Print
  • Taitron Components has significant price volatility in the past 3 months.
TAIT Share Price and Events
7 Day Returns
3.4%
NasdaqCM:TAIT
-0.6%
US Electronic
-0.9%
US Market
1 Year Returns
71.1%
NasdaqCM:TAIT
1.6%
US Electronic
3.8%
US Market
TAIT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Taitron Components (TAIT) 3.4% -4.6% -16.3% 71.1% 167.8% 201.4%
US Electronic -0.6% -0.5% -7% 1.6% 53.8% 54.9%
US Market -0.9% 1.1% 1.1% 3.8% 35.5% 42.1%
1 Year Return vs Industry and Market
  • TAIT outperformed the Electronic industry which returned 1.6% over the past year.
  • TAIT outperformed the Market in United States of America which returned 3.8% over the past year.
Price Volatility
TAIT
Industry
5yr Volatility vs Market

Value

 Is Taitron Components 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 Taitron Components 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

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

NasdaqCM:TAIT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.2%
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 NasdaqCM:TAIT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.135 (1 + (1- 21%) (0%))
1.09
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.09 * 5.96%)
9.23%

Discounted Cash Flow Calculation for NasdaqCM:TAIT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Taitron Components 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.

NasdaqCM:TAIT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.23%)
2020 2.50 Est @ 22.02% 2.29
2021 2.90 Est @ 16.23% 2.43
2022 3.25 Est @ 12.18% 2.50
2023 3.56 Est @ 9.35% 2.50
2024 3.82 Est @ 7.36% 2.46
2025 4.05 Est @ 5.97% 2.38
2026 4.25 Est @ 5% 2.29
2027 4.43 Est @ 4.32% 2.19
2028 4.61 Est @ 3.84% 2.08
2029 4.77 Est @ 3.51% 1.97
Present value of next 10 years cash flows $23.09
NasdaqCM:TAIT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $4.77 × (1 + 2.73%) ÷ (9.23% – 2.73%)
$75.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $75.35 ÷ (1 + 9.23%)10
$31.17
NasdaqCM:TAIT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $23.09 + $31.17
$54.25
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $54.25 / 5.70
$9.52
NasdaqCM:TAIT Discount to Share Price
Calculation Result
Value per share (USD) From above. $9.52
Current discount Discount to share price of $3.08
= -1 x ($3.08 - $9.52) / $9.52
67.6%

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

Current Discount
Amount off the current price Taitron Components is available for.
Intrinsic value
>50%
Share price is $3.08 vs Future cash flow value of $9.52
Current Discount Checks
For Taitron Components to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Taitron Components's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Taitron Components's share price is below the future cash flow value, and 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 Taitron Components's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Taitron Components's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:TAIT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.27
NasdaqCM:TAIT Share Price ** NasdaqCM (2019-07-23) in USD $3.08
United States of America Electronic Industry PE Ratio Median Figure of 90 Publicly-Listed Electronic Companies 17.83x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.8x

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

** Primary Listing of Taitron Components.

NasdaqCM:TAIT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:TAIT Share Price ÷ EPS (both in USD)

= 3.08 ÷ 0.27

11.54x

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

  • Taitron Components is good value based on earnings compared to the US Electronic industry average.
  • Taitron Components is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Taitron Components's expected growth come at a high price?
Raw Data
NasdaqCM:TAIT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Electronic Industry PEG Ratio Median Figure of 58 Publicly-Listed Electronic Companies 1.23x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Taitron Components, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Taitron Components's assets?
Raw Data
NasdaqCM:TAIT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $2.23
NasdaqCM:TAIT Share Price * NasdaqCM (2019-07-23) in USD $3.08
United States of America Electronic Industry PB Ratio Median Figure of 138 Publicly-Listed Electronic Companies 2.16x
United States of America Market PB Ratio Median Figure of 5,249 Publicly-Listed Companies 1.78x
NasdaqCM:TAIT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:TAIT Share Price ÷ Book Value per Share (both in USD)

= 3.08 ÷ 2.23

1.38x

* Primary Listing of Taitron Components.

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

  • Taitron Components is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess Taitron Components'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Taitron Components has a total score of 5/6, 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 Taitron Components expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
14.3%
Expected Electronic industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Taitron Components expected to grow at an attractive rate?
  • Unable to compare Taitron Components's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Taitron Components's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Taitron Components's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:TAIT Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NasdaqCM:TAIT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:TAIT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 8 2 2
2018-12-31 8 2 1
2018-09-30 8 2 1
2018-06-30 7 1 1
2018-03-31 7 1 0
2017-12-31 8 0 1
2017-09-30 7 1 -3
2017-06-30 7 1 -3
2017-03-31 7 1 -3
2016-12-31 7 1 -3
2016-09-30 6 1 0
2016-06-30 6 1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Taitron Components is high growth as no earnings estimate data is available.
  • Unable to determine if Taitron Components is high growth as no revenue estimate data is available.
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
NasdaqCM:TAIT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Taitron Components Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:TAIT Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.27
2018-12-31 0.25
2018-09-30 0.14
2018-06-30 0.12
2018-03-31 0.08
2017-12-31 0.13
2017-09-30 -0.45
2017-06-30 -0.47
2017-03-31 -0.50
2016-12-31 -0.56
2016-09-30 -0.02
2016-06-30 -0.03

*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.
  • Unable to establish if Taitron Components will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Taitron Components is trading at Taitron Components'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Taitron Components's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Tech companies here
  3. Taitron Components's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Taitron Components'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.
Taitron Components has a total score of 0/6, 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 Taitron Components 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 Taitron Components's growth in the last year to its industry (Electronic).
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.
  • Taitron Components has delivered over 20% year on year earnings growth in the past 5 years.
  • Taitron Components's 1-year earnings growth exceeds its 5-year average (225.3% vs 30.7%)
  • Taitron Components's earnings growth has exceeded the US Electronic industry average in the past year (225.3% vs 55.5%).
Earnings and Revenue History
Taitron Components'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 Taitron Components Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:TAIT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 7.95 1.50 2.17
2018-12-31 8.22 1.38 2.20
2018-09-30 7.55 0.78 2.25
2018-06-30 7.49 0.65 2.24
2018-03-31 7.11 0.46 2.23
2017-12-31 7.62 0.70 2.21
2017-09-30 7.47 -2.51 2.15
2017-06-30 7.25 -2.63 2.12
2017-03-31 7.41 -2.77 2.12
2016-12-31 6.92 -3.11 2.12
2016-09-30 6.41 -0.10 2.12
2016-06-30 6.46 -0.16 2.10
2016-03-31 6.05 -0.30 2.04
2015-12-31 5.67 -0.59 2.10
2015-09-30 5.80 -1.01 2.09
2015-06-30 5.74 -1.12 2.12
2015-03-31 5.83 -1.20 2.17
2014-12-31 5.82 -1.13 2.14
2014-09-30 5.90 -0.87 2.18
2014-06-30 5.87 -0.89 2.23
2014-03-31 5.92 -0.97 2.29
2013-12-31 6.27 -0.93 2.33
2013-09-30 7.02 -0.63 2.42
2013-06-30 7.39 -0.61 2.45
2013-03-31 7.14 -0.69 2.45
2012-12-31 7.19 -0.74 2.48
2012-09-30 6.65 -0.87 2.49

*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.
  • Taitron Components has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Taitron Components used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.
  • Taitron Components has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Taitron Components'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 Electronic 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.
Taitron Components has a total score of 5/6, 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 Taitron Components'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 Taitron Components's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Taitron Components is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Taitron Components has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Taitron Components'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.
  • Taitron Components 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 Taitron Components Company Filings, last reported 3 months ago.

NasdaqCM:TAIT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 12.80 0.00 4.48
2018-12-31 12.70 0.00 4.49
2018-09-30 12.24 0.00 3.79
2018-06-30 12.06 0.00 3.28
2018-03-31 11.78 0.50 3.59
2017-12-31 11.86 0.50 3.25
2017-09-30 11.96 1.00 3.69
2017-06-30 11.94 1.00 3.71
2017-03-31 11.83 1.00 3.47
2016-12-31 11.69 1.00 4.02
2016-09-30 14.99 1.00 3.66
2016-06-30 15.09 1.50 3.82
2016-03-31 15.14 1.50 3.38
2015-12-31 15.21 1.50 3.69
2015-09-30 15.37 1.50 3.43
2015-06-30 15.40 1.50 3.51
2015-03-31 15.46 1.50 3.41
2014-12-31 15.79 1.50 3.47
2014-09-30 16.34 1.50 3.29
2014-06-30 16.49 1.50 3.04
2014-03-31 16.62 1.50 2.65
2013-12-31 16.88 1.50 2.72
2013-09-30 17.19 1.50 2.63
2013-06-30 17.36 1.50 2.52
2013-03-31 17.59 1.50 2.92
2012-12-31 17.81 1.50 2.48
2012-09-30 17.80 1.50 2.08
  • Taitron Components has no debt.
  • Taitron Components has no debt compared to 5 years ago when it was 9%.
  • Taitron Components has no debt, it does not need to be covered by operating cash flow.
  • Taitron Components has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Taitron Components'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. Taitron Components 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 Taitron Components'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
3.9%
Current annual income from Taitron Components dividends.
If you bought $2,000 of Taitron Components shares you are expected to receive $78 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?
  • Taitron Components's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Taitron Components's dividend is above the markets top 25% of dividend payers in United States of America (3.77%).
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
NasdaqCM:TAIT 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 0 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
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 3.8%

Industry and Market average data is calculated daily.

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

NasdaqCM:TAIT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-03 0.120 3.583
2019-02-01 0.120 4.871
2018-11-02 0.120 6.606
2018-08-03 0.100 5.105
2018-05-04 0.100 5.743
2018-02-02 0.100 6.816
2017-11-03 0.100 6.006
2017-08-04 0.100 6.244
2017-05-05 0.100 6.419
2017-02-03 0.100 8.462
2016-11-04 0.100 8.339
2016-08-08 0.100 8.732
2016-05-16 0.100 9.553
2011-03-31 0.000 0.000
2010-11-15 0.000 0.000
2010-08-16 0.000 0.000
2010-05-17 0.000 0.000
2010-03-31 0.000 0.000
2009-06-02 0.050 4.284

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Taitron Components's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.4x 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 Taitron Components'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 Taitron Components afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Taitron Components has a total score of 4/6, 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 Taitron Components'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
Stewart Wang
COMPENSATION $249,675
AGE 69
TENURE AS CEO 30.5 years
CEO Bio

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 November 2002 to May 2008 and also served as its Principal Accounting Officer. From 1985 to 1986, he was employed by Diodes Incorporated, a manufacturer and reseller of discrete rectifiers located in Southern California, as Purchasing and MIS Manager and later as Chief Operating Officer and President from 1986 to 1987. Prior thereto, from 1983 to 1985, he served as Sales Manager for Rectron Limited, a rectifier manufacturer in Taiwan. Mr. Wang has been a Director of Taitron Components Inc. since 1989. Mr. Wang attended Pepperdine University, where he received his Masters of Business Administration degree in 1989.

CEO Compensation
  • Stewart's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Stewart's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Taitron Components management team in years:

30.5
Average Tenure
69
Average Age
  • The average tenure for the Taitron Components management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Stewart Wang

TITLE
Co-Founder
COMPENSATION
$250K
AGE
69
TENURE
30.5 yrs

David Vanderhorst

TITLE
CFO & Corporate Secretary
COMPENSATION
$169K
AGE
54
TENURE
11.2 yrs

Johnson Ku

TITLE
Co-Founder & Chairman
AGE
70
TENURE
30.5 yrs
Board of Directors Tenure

Average tenure and age of the Taitron Components board of directors in years:

30.5
Average Tenure
69
Average Age
  • The average tenure for the Taitron Components board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Stewart Wang

TITLE
Co-Founder
COMPENSATION
$250K
AGE
69
TENURE
30.5 yrs

Johnson Ku

TITLE
Co-Founder & Chairman
AGE
70
TENURE
30.5 yrs

Richard Chiang

TITLE
Independent Director
COMPENSATION
$6K
AGE
62
TENURE
30.5 yrs

Craig Miller

TITLE
Independent Director
COMPENSATION
$6K
AGE
65
TENURE
19.2 yrs

Felix Sung

TITLE
Independent Director
COMPENSATION
$6K
AGE
69
TENURE
24.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Taitron Components'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. Taitron Components 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

Did Business Growth Power Taitron Components's (NASDAQ:TAIT) Share Price Gain of 209%?

One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During the five years of share price growth, Taitron Components moved from a loss to profitability. … As it happens, Taitron Components's TSR for the last 5 years was 287%, which exceeds the share price return mentioned earlier.

Simply Wall St -

How Does Taitron Components Incorporated (NASDAQ:TAIT) Fare As A Dividend Stock?

Today we'll take a closer look at Taitron Components Incorporated (NASDAQ:TAIT) from a dividend investor's perspective. … Remember though, due to the recent spike in its share price, Taitron Components's yield will look lower, even though the market may now be factoring in an improvement in its long-term prospects. … It's good to see Taitron Components has been growing its earnings per share at 31% a year over the past 5 years.

Simply Wall St -

Why Taitron Components Incorporated (NASDAQ:TAIT) Is An Attractive Investment To Consider

According to my intrinsic value of the stock, which is driven by analyst consensus forecast of TAIT's earnings, investors now have the opportunity to buy into the stock to reap capital gains. … Also, relative to the rest of its peers with similar levels of earnings, TAIT's share price is trading below the group's average. … Dividend Income vs Capital Gains: Does TAIT return gains to shareholders through reinvesting in itself and growing earnings, or redistribute a decent portion of earnings as dividends?

Simply Wall St -

Is Taitron Components Incorporated's (NASDAQ:TAIT) 12% ROE Strong Compared To Its Industry?

View our latest analysis for Taitron Components How Do I Calculate Return On Equity? … The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Taitron Components: 12% = US$1.5m ÷ US$13m (Based on the trailing twelve months to March 2019.) It's easy to understand the 'net profit' part of that equation, but 'shareholders' equity' requires further explanation. … Combining Taitron Components's Debt And Its 12% Return On Equity Taitron Components is free of net debt, which is a positive for shareholders.

Simply Wall St -

Should You Be Adding Taitron Components (NASDAQ:TAIT) To Your Watchlist Today?

So as you can imagine, the fact that Taitron Components insiders own a significant number of shares certainly appeals to me. … Although Taitron Components certainly looks good to me, I would like it more if insiders were buying up shares. … If you like to see insider buying, too, then this free list of growing companies that insiders are buying, could be exactly what you're looking for.

Simply Wall St -

Do Institutions Own Taitron Components Incorporated (NASDAQ:TAIT) Shares?

If you want to know who really controls Taitron Components Incorporated (NASDAQ:TAIT), then you'll have to look at the makeup of its share registry. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Taitron Components is not a large company by global standards.

Simply Wall St -

Do You Know What Taitron Components Incorporated's (NASDAQ:TAIT) P/E Ratio Means?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at Taitron Components Incorporated's (NASDAQ:TAIT) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Does Market Volatility Impact Taitron Components Incorporated's (NASDAQ:TAIT) Share Price?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Did You Manage To Avoid Taitron Components's (NASDAQ:TAIT) -147% Share Price Drop?

For example, the Taitron Components Incorporated (NASDAQ:TAIT) share price has soared 147% in the last three years. … Given that Taitron Components only made minimal earnings in the last twelve months, we'll focus on revenue to gauge its business development. … Many high growth companies focus on growing revenue before profits, but if revenue is the focus, it really needs to grow.

Simply Wall St -

An Examination Of Taitron Components Incorporated (NASDAQ:TAIT)

Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Taitron Components Incorporated (NASDAQ:TAIT) due to its excellent fundamentals in more than one area.

Simply Wall St -

Company Info

Description

Taitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components. It distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components. The company also provides value-added engineering and turn-key solutions focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM services for their turn-key projects. It serves other electronic distributors, CEMs, and OEMs in the United States, South Korea, China, Taiwan, and internationally. The company has strategic alliances with Teamforce Co. Ltd.; Grand Shine Management Limited; and Zowie Technology Corporation. Taitron Components Incorporated was founded in 1989 and is headquartered in Valencia, California.

Details
Name: Taitron Components Incorporated
TAIT
Exchange: NasdaqCM
Founded: 1989
$17,555,528
5,699,847
Website: http://www.taitroncomponents.com
Address: Taitron Components Incorporated
28040 West Harrison Parkway,
Valencia,
California, 91355,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM TAIT Class A Common Stock Nasdaq Capital Market US USD 19. Apr 1995
Number of employees
Current staff
Staff numbers
17
Taitron Components employees.
Industry
Technology Distributors
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 01:35
End of day share price update: 2019/07/23 00:00
Last earnings filing: 2019/05/15
Last earnings reported: 2019/03/31
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.