NasdaqCM:TAIT

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet, undervalued and pays a dividend.

Share Price & News

How has Taitron Components's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-6.9%

TAIT

3.8%

US Electronic

1.0%

US Market


1 Year Return

49.3%

TAIT

15.9%

US Electronic

8.0%

US Market

Return vs Industry: TAIT exceeded the US Electronic industry which returned 15.9% over the past year.

Return vs Market: TAIT exceeded the US Market which returned 8% over the past year.


Shareholder returns

TAITIndustryMarket
7 Day-6.9%3.8%1.0%
30 Day-9.2%3.9%-0.07%
90 Day-16.9%2.7%-1.0%
1 Year56.4%49.3%17.1%15.9%10.4%8.0%
3 Year159.0%115.1%54.6%50.2%46.2%36.7%
5 Year223.4%156.0%88.4%79.1%64.3%46.2%

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

Valuation

Is Taitron Components undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TAIT ($2.56) is trading below our estimate of fair value ($5.71)

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


Price To Earnings Ratio

PE vs Industry: TAIT is good value based on its PE Ratio (10.7x) compared to the Electronic industry average (19.5x).

PE vs Market: TAIT is good value based on its PE Ratio (10.7x) compared to the US market (17.6x).


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 (2x).


Next Steps

Future Growth

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

8.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TAIT's forecast earnings growth (8.4% per year) is above the savings rate (2.7%).

Earnings vs Market: TAIT's earnings (8.4% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: TAIT's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if TAIT's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if TAIT's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TAIT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Taitron Components performed over the past 5 years?

37.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TAIT has become profitable over the past 5 years, growing earnings by 37.5% per year.

Accelerating Growth: TAIT's earnings growth over the past year (110.5%) exceeds its 5-year average (37.5% per year).

Earnings vs Industry: TAIT earnings growth over the past year (110.5%) exceeded the Electronic industry 58.6%.


Return on Equity

High ROE: TAIT's Return on Equity (10.4%) is considered low.


Return on Assets

ROA vs Industry: TAIT has a higher Return on Assets than the Electronic industry average last year.


Return on Capital Employed

ROCE Improving: TAIT has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Taitron Components's financial position?


Financial Position Analysis

Short Term Liabilities: TAIT's short term assets ($9.6M) exceeds its short term liabilities ($724.0K)

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 9.1%.

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

Inventory Level: TAIT has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if TAIT's debt is covered by short term assets.


Next Steps

Dividend

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

4.69%

Current Dividend Yield


Dividend Yield vs Market

company4.7%marketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: TAIT's dividend (4.69%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: TAIT's dividend (4.69%) is in the top 25% of dividend payers in the US market (3.68%)

Stable Dividend: TAIT's dividend payments have been volatile in the past 10 years.

Growing Dividend: TAIT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (47.9%), TAIT's dividend payments are 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.


Next Steps

Management

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

30.8yrs

Average management tenure


CEO

Stewart Wang (69yo)

30.8yrs

Tenure

US$249,675

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

Compensation vs. Market: Stewart's total compensation ($USD249.68K) is below average for companies of similar size in the US market ($USD509.77K).

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


Management Age and Tenure

30.8yrs

Average Tenure

69yo

Average Age

Experienced Management: TAIT's management team is seasoned and experienced (30.8 years average tenure).


Board Age and Tenure

30.8yrs

Average Tenure

69yo

Average Age

Experienced Board: TAIT's board of directors are seasoned and experienced ( 30.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Johnson Ku (70yo)

    Co-Founder & Chairman

    • Tenure: 30.8yrs
  • Stewart Wang (69yo)

    Co-Founder

    • Tenure: 30.8yrs
    • Compensation: US$249.68k
  • David Vanderhorst (54yo)

    CFO & Corporate Secretary

    • Tenure: 11.4yrs
    • Compensation: US$169.47k

Board Members

  • Johnson Ku (70yo)

    Co-Founder & Chairman

    • Tenure: 30.8yrs
  • Stewart Wang (69yo)

    Co-Founder

    • Tenure: 30.8yrs
    • Compensation: US$249.68k
  • Richard Chiang (62yo)

    Independent Director

    • Tenure: 30.8yrs
    • Compensation: US$5.69k
  • Felix Sung (69yo)

    Independent Director

    • Tenure: 24.7yrs
    • Compensation: US$5.69k
  • Craig Miller (65yo)

    Independent Director

    • Tenure: 19.4yrs
    • Compensation: US$5.69k

Company Information

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


Key Information

  • Name: Taitron Components Incorporated
  • Ticker: TAIT
  • Exchange: NasdaqCM
  • Founded: 1989
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: US$14.727m
  • Shares outstanding: 5.75m
  • 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

Biography

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 semico ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 23:43
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.