Taitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components.
Flawless balance sheet unattractive dividend payer.
Share Price & News
How has Taitron Components's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TAIT has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TAIT underperformed the US Electronic industry which returned 6.8% over the past year.
Return vs Market: TAIT underperformed the US Market which returned 8.5% over the past year.
Price Volatility Vs. Market
How volatile is Taitron Components's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StWhat Kind Of Share Price Volatility Should You Expect For Taitron Components Incorporated (NASDAQ:TAIT)?
3 weeks ago | Simply Wall StIs It Worth Considering Taitron Components Incorporated (NASDAQ:TAIT) For Its Upcoming Dividend?
4 weeks ago | Simply Wall StHere's What You Should Know About Taitron Components Incorporated's (NASDAQ:TAIT) 5.7% Dividend Yield
Is Taitron Components undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TAIT ($2.47) is trading above our estimate of fair value ($2.18)
Significantly Below Fair Value: TAIT is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TAIT is poor value based on its PE Ratio (21x) compared to the Electronic industry average (19.5x).
PE vs Market: TAIT is poor value based on its PE Ratio (21x) compared to the US market (15.8x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate TAIT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: TAIT is good value based on its PB Ratio (1.1x) compared to the US Electronic industry average (1.8x).
How is Taitron Components forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Tech industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as 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.
How has Taitron Components performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TAIT has a large one-off loss of $193.0K impacting its March 31 2020 financial results.
Growing Profit Margin: TAIT's current net profit margins (9.9%) are lower than last year (18.9%).
Past Earnings Growth Analysis
Earnings Trend: TAIT has become profitable over the past 5 years, growing earnings by 48.7% per year.
Accelerating Growth: TAIT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TAIT had negative earnings growth (-54.9%) over the past year, making it difficult to compare to the Electronic industry average (-8%).
Return on Equity
High ROE: TAIT's Return on Equity (5.6%) is considered low.
How is Taitron Components's financial position?
Financial Position Analysis
Short Term Liabilities: TAIT's short term assets ($10.1M) exceed its short term liabilities ($930.0K).
Long Term Liabilities: TAIT has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: TAIT is debt free.
Reducing Debt: TAIT has no debt compared to 5 years ago when its debt to equity ratio was 9.7%.
Debt Coverage: TAIT has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TAIT has no debt, therefore coverage of interest payments is not a concern.
What is Taitron Components's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TAIT's dividend (5.67%) is higher than the bottom 25% of dividend payers in the US market (1.67%).
High Dividend: TAIT's dividend (5.67%) is in the top 25% of dividend payers in the US market (4.48%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, TAIT has been paying a dividend for less than 10 years.
Growing Dividend: TAIT's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (110.4%), TAIT's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Stewart Wang (69yo)
Mr. Stewart Wang co-founded Taitron Components Inc. in 1989 and has been its Chief Executive Officer and President since 1989. Mr. Wang served as Chief Financial Officer of Taitron Components Inc. from Nov ...
CEO Compensation Analysis
Compensation vs Market: Stewart's total compensation ($USD233.30K) is below average for companies of similar size in the US market ($USD591.64K).
Compensation vs Earnings: Stewart's compensation has been consistent with company performance over the past year.
|CFO & Corporate Secretary||12.08yrs||US$167.30k||0.64% $91.1k|
|Co-Founder & Chairman||31.42yrs||no data||20.39% $2.9m|
Experienced Management: TAIT's management team is seasoned and experienced (31.4 years average tenure).
|Co-Founder & Chairman||31.42yrs||no data||20.39% $2.9m|
|Independent Director||31.42yrs||US$3.90k||3.01% $431.5k|
|Independent Director||20.08yrs||US$3.90k||no data|
|Independent Director||0.50yr||no data||no data|
Experienced Board: TAIT's board of directors are seasoned and experienced ( 31.4 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Taitron Components Incorporated's company bio, employee growth, exchange listings and data sources
- Name: Taitron Components Incorporated
- Ticker: TAIT
- Exchange: NasdaqCM
- Founded: 1989
- Industry: Technology Distributors
- Sector: Tech
- Market Cap: US$14.321m
- Shares outstanding: 5.80m
- Website: https://www.taitroncomponents.com
Number of Employees
- Taitron Components Incorporated
- 28040 West Harrison Parkway
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TAIT||NasdaqCM (Nasdaq Capital Market)||Yes||Class A Common Stock||US||USD||Apr 1995|
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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/04 02:25|
|End of Day Share Price||2020/06/03 00:00|
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.