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.

Risks

  • Taitron Components has significant price volatility in the past 3 months.
  • Taitron Components is not covered by any analysts.

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

-5.8%

NasdaqCM:TAIT

-1.2%

US Electronic

-1.0%

US Market


1 Year Return

35.3%

NasdaqCM:TAIT

-6.8%

US Electronic

-0.4%

US Market

TAIT outperformed the Electronic industry which returned -6.8% over the past year.

TAIT outperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

TAITIndustryMarket
7 Day-5.8%-1.2%-1.0%
30 Day-5.8%-4.8%-3.3%
90 Day-17.1%-0.4%0.8%
1 Year41.8%35.3%-5.9%-6.8%1.9%-0.4%
3 Year194.3%144.4%43.2%39.3%39.4%30.4%
5 Year265.3%189.2%51.4%44.0%54.2%37.1%

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 based on future cash flows and its price relative to the stock market?

49%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

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 Based on Earnings

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

Unable to calculate PEG ratio for Taitron Components, we can't assess if its growth is good value.


Price Based on Value of Assets

Taitron Components is good value based on assets compared to the US Electronic industry average.


Next Steps

Future Growth

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

6.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Taitron Components is high growth as no revenue estimate data is available.

Taitron Components's earnings are expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).

Unable to compare Taitron Components's revenue growth to the United States of America market average as no estimate data is available.

Taitron Components's earnings growth is positive but not above the United States of America market average.

Taitron Components's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

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


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

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 (110.5% vs 37.5%)

Taitron Components's earnings growth has exceeded the US Electronic industry average in the past year (110.5% vs 51.2%).


Return on Equity

Taitron Components has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Taitron Components used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.


Return on Capital Employed

Taitron Components has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Taitron Components's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Taitron Components has no debt.

Taitron Components has no debt compared to 5 years ago when it was 9.1%.

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.


Balance Sheet

High level of physical assets or inventory.

Taitron Components has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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

4.07%

Current Dividend Yield


Dividend Yield and Payments Analysis

Taitron Components's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Taitron Components's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).

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

Dividends paid are well covered by earnings (2.3x 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.


Next Steps

Management

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

30.6yrs

Average management tenure


CEO

Stewart Wang (69yo)

30.6yrs

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

Stewart's remuneration is lower than average for companies of similar size in United States of America.

Stewart's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

30.6yrs

Average Tenure

69yo

Average Age

The average tenure for the Taitron Components management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

30.6yrs

Average Tenure

69yo

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.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Johnson Ku (70yo)

    Co-Founder & Chairman

    • Tenure: 30.6yrs
  • Stewart Wang (69yo)

    Co-Founder

    • Tenure: 30.6yrs
    • Compensation: $249.68k
  • David Vanderhorst (54yo)

    CFO & Corporate Secretary

    • Tenure: 11.3yrs
    • Compensation: $169.47k

Board Members

  • Johnson Ku (70yo)

    Co-Founder & Chairman

    • Tenure: 30.6yrs
  • Stewart Wang (69yo)

    Co-Founder

    • Tenure: 30.6yrs
    • Compensation: $249.68k
  • Richard Chiang (62yo)

    Independent Director

    • Tenure: 30.6yrs
    • Compensation: $5.69k
  • Felix Sung (69yo)

    Independent Director

    • Tenure: 24.5yrs
    • Compensation: $5.69k
  • Craig Miller (65yo)

    Independent Director

    • Tenure: 19.3yrs
    • Compensation: $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$16.971m
  • Shares outstanding: 5.75m
  • Website: Click here

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 Analysis2019/08/17 23:46
End of Day Share Price2019/08/16 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.