A Business at a Glance
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RICHARDSON ELECTRONICS, LTD.
RELL
$221M
Mkt Cap
$17.96
-17.69%
RICHARDSON ELECTRONICS, LTD. (RELL) has a 5-year average return on invested capital (ROIC) of 7.9%. This is below average and may indicate limited pricing power.
RICHARDSON ELECTRONICS, LTD. (RELL) has a market capitalization of $227M. It is classified as a small-cap stock.
Yes, RICHARDSON ELECTRONICS, LTD. (RELL) pays a dividend with a trailing twelve-month yield of 1.54%.
RICHARDSON ELECTRONICS, LTD. (RELL) operates in the Wholesale-Electronic Parts & Equipment, Nec industry, within the Consumer Cyclical sector.
RICHARDSON ELECTRONICS, LTD. (RELL) reported annual revenue of $209 million in its most recent fiscal year, based on SEC EDGAR filings.
RICHARDSON ELECTRONICS, LTD. (RELL) has a net profit margin of -0.5%. The company is currently unprofitable.
RICHARDSON ELECTRONICS, LTD. (RELL) generated $8 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Richardson Electronics, Ltd. (the "Company," "we," "our") is a leading global manufacturer of engineered solutions, green energy products, power grid and microwave tubes, and related consumables; power conversion and RF and microwave components including green energy solutions; tubes for diagnostic imaging equipment; and customized display solutions. More than 55% of our products are manufactured in LaFox, Illinois, Marlborough, Massachusetts, or Donaueschingen, Germany, or by one of our manufacturing partners throughout the world. All of our partners manufacture to our strict specifications and per our supplier code of conduct. We serve customers in the alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The Company’s strategy is to provide specialized technical expertise and “engineered solutions” based on our core engineering and manufacturing capabilities.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 209M | 196M | 263M | 225M | 177M |
| Net Income | 0 | -1.1M | 61K | 22M | 18M | 1.7M |
| EPS | $0.00 | $-0.09 | - | - | - | - |
| Free Cash Flow | 0 | 7.7M | 2.5M | -16M | -1.2M | -1.8M |
| ROIC | 0.0% | -0.7% | 0.2% | 19.0% | 18.4% | 2.5% |
| Gross Margin | - | 31.0% | 30.5% | 31.9% | 31.9% | 33.2% |
| Debt/Equity | 0.00 | 0.01 | 0.22 | 0.24 | 0.32 | 0.00 |
| Dividends/Share | $0.00 | $0.28 | - | - | - | - |
| Operating Income | 0 | -2.5M | 348K | 25M | 16M | 2.9M |
| Operating Margin | 0.0% | -1.2% | 0.2% | 9.5% | 7.1% | 1.6% |
| ROE | 0.0% | -0.7% | 0.0% | 15.1% | 13.9% | 1.4% |
| Shares Outstanding | 13M | 12M | - | - | - | - |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 138M | 137M | 142M | 137M | 163M | 167M | 156M | 177M | 225M | 263M | 196M | 209M | 0 |
| Gross Margin | 29.7% | 30.0% | 31.6% | 32.1% | 33.7% | 31.0% | 31.9% | 33.2% | 31.9% | 31.9% | 30.5% | 31.0% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 43M | 49M | 52M | 50M | 52M | 52M | 51M | 56M | 56M | 59M | 60M | 62M | 62M |
| EBIT | -4.2M | -8.1M | -6.6M | -5.8M | 3.6M | -6.8M | -1.7M | 2.9M | 16M | 25M | 348K | -2.5M | 0 |
| Op. Margin | -3.0% | -5.9% | -4.6% | -4.2% | 2.2% | -4.1% | -1.1% | 1.6% | 7.1% | 9.5% | 0.2% | -1.2% | 0.0% |
| Net Income | -515K | -5.6M | -6.8M | -6.9M | 3.8M | -7.3M | -1.8M | 1.7M | 18M | 22M | 61K | -1.1M | 0 |
| Net Margin | -0.4% | -4.1% | -4.8% | -5.1% | 2.3% | -4.4% | -1.2% | 0.9% | 8.0% | 8.5% | 0.0% | -0.5% | 0.0% |
| Non-Recurring | 1.7M | 5K | 944K | 1.3M | 276K | 6.3M | -3K | -13K | -20K | 7K | -70K | -16K | -16K |
| Returns on Capital | |||||||||||||
| ROIC | -0.3% | -3.4% | -4.5% | -5.1% | 2.9% | -5.7% | -1.5% | 2.5% | 18.4% | 19.0% | 0.2% | -0.7% | 0.0% |
| ROE | -0.3% | -3.4% | -4.5% | -5.1% | 2.9% | -5.7% | -1.5% | 1.4% | 13.9% | 15.1% | 0.0% | -0.7% | 0.0% |
| ROA | -0.2% | -2.9% | -3.8% | -4.3% | 2.4% | -4.6% | -1.2% | 1.1% | 10.7% | 11.8% | 0.0% | -0.6% | 0.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 4.6M | -9.8M | -14M | 1.8M | 3.0M | -2.6M | 1.9M | 832K | 1.9M | -8.2M | 6.5M | 11M | 0 |
| Free Cash Flow | 1.8M | -15M | -18M | -3.4M | -2.3M | -6.4M | 147K | -1.8M | -1.2M | -16M | 2.5M | 7.7M | 0 |
| Owner Earnings | 2.8M | -12M | -17M | -1.4M | -574K | -6.4M | -2.1M | -3.3M | -2.2M | -13M | 891K | 5.0M | -5.5M |
| CapEx | 2.8M | 4.7M | 4.8M | 5.2M | 5.2M | 3.9M | 1.8M | 2.6M | 3.1M | 7.4M | 4.0M | 2.8M | 0 |
| Maint. CapEx | 1.1M | 1.7M | 2.4M | 2.7M | 3.0M | 3.2M | 3.4M | 3.4M | 3.4M | 3.7M | 4.3M | 4.0M | 4.0M |
| Growth CapEx | 1.7M | 3.0M | 2.4M | 2.5M | 2.2M | 701K | 0 | 0 | 0 | 3.7M | 0 | 0 | 0 |
| D&A | 1.1M | 1.7M | 2.4M | 2.7M | 3.0M | 3.2M | 3.4M | 3.4M | 3.4M | 3.7M | 4.3M | 4.0M | 4.0M |
| CapEx/OCF | 60.3% | N/A | N/A | 288.6% | 177.5% | N/A | 92.4% | 316.3% | 163.3% | N/A | 61.9% | 26.6% | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 3.3M | 3.3M | 3.1M | 3.0M | 3.0M | 3.1M | 3.1M | 3.1M | 3.2M | 3.3M | 3.4M | 3.4M | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.4% | N/A |
| Share Buybacks | 8.7M | 3.9M | 5.0M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 8.9% | 5.0% | 10.1% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 759K | 726K | 548K | 437K | 533K | 697K | 683K | 675K | 654K | 936K | 1.3M | 1.5M | 1.5M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.7M | 1.0M | 1.0M |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | -46M | -43M | N/A | N/A | N/A | -34M | -29M |
| Cash & Equiv. | 103M | 75M | 60M | 55M | 60M | 42M | 31M | 43M | 35M | 25M | 24M | 36M | 29M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | 163K | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.16 | 0.18 | 0.19 | 0.19 | 0.23 | 0.24 | 0.00 | 0.00 | 0.32 | 0.24 | 0.22 | 0.01 | 0.00 |
| Interest Coverage | N/A | N/A | N/A | N/A | N/A | N/A | -75.3 | 262.5 | 5319.0 | N/A | N/A | N/A | N/A |
| Equity | 175M | 157M | 142M | 132M | 135M | 124M | 119M | 122M | 136M | 159M | 158M | 157M | 160M |
| Total Assets | 204M | 185M | 168M | 157M | 166M | 153M | 151M | 157M | 180M | 198M | 192M | 196M | 200M |
| Total Liabilities | 29M | 28M | 26M | 25M | 31M | 29M | 32M | 35M | 44M | 39M | 34M | 39M | 40M |
| Intangibles | 843K | 743K | 3.8M | 3.4M | 3.0M | 2.8M | 2.5M | 2.3M | 2.0M | 1.9M | 1.6M | 345K | 300K |
| Retained Earnings | 98M | 89M | 79M | 69M | 70M | 60M | 55M | 53M | 68M | 87M | 84M | 79M | 79M |
| Working Capital | 171M | 135M | 112M | 104M | 108M | 102M | 97M | 102M | 112M | 131M | 130M | 129M | 132M |
| Current Assets | 192M | 161M | 136M | 128M | 138M | 131M | 127M | 134M | 153M | 168M | 162M | 166M | 170M |
| Current Liabilities | 22M | 26M | 24M | 24M | 30M | 28M | 29M | 32M | 41M | 37M | 32M | 37M | 38M |
| Per Share Data | |||||||||||||
| EPS | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -0.09 | 0.00 |
| Owner EPS | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.41 | -0.44 |
| Book Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 12.74 | 12.68 |
| Cash Flow/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.86 | 0.32 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.28 | 0.00 |
| Shares Out. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 12.3M | 12.6M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | 25.4 | N/A | N/A | 64.6 | 10.3 | 10.5 | N/A | N/A | N/A |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 14.0 | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 0.6 | 0.5 | 0.4 | 0.5 | 0.7 | 0.5 | 0.4 | 0.9 | 1.4 | 1.5 | 1.0 | 0.8 | 1.4 |
| Price/Sales | 0.8 | 0.6 | 0.4 | 0.4 | 0.4 | 0.5 | 0.4 | 0.4 | 0.6 | 1.0 | 0.8 | 0.8 | N/A |
| FCF Yield | 1.9% | -18.3% | -37.1% | -5.6% | -2.4% | -11.1% | 0.3% | -1.7% | -0.7% | -6.6% | 1.5% | 6.1% | N/A |
| Market Cap | 99M | 79M | 50M | 61M | 97M | 58M | 47M | 107M | 185M | 235M | 160M | 127M | 227M |
| Avg. Price | 7.72 | 6.81 | 4.30 | 4.60 | 5.50 | 6.38 | 4.35 | 4.79 | 9.95 | 17.93 | 11.25 | 11.76 | 17.96 |
| Year-End Price | 7.21 | 6.17 | 3.86 | 4.69 | 7.50 | 4.38 | 3.52 | 7.77 | 13.00 | 16.37 | 11.07 | 8.79 | 17.96 |
RICHARDSON ELECTRONICS, LTD. passes 2 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 33.6x vs a median of 14.0x. The company's 5-year average ROIC is 7.9% with a gross margin of 31.7%. Total shareholder yield (dividends) is 1.5%. At current prices, the estimated annualized return to fair value is +46.8%.
RICHARDSON ELECTRONICS, LTD. (RELL) has a debt-to-equity ratio of 0.01. This indicates a conservatively financed balance sheet.
RICHARDSON ELECTRONICS, LTD. (RELL) reported earnings per share (EPS) of $-0.09 in its most recent fiscal year.
RICHARDSON ELECTRONICS, LTD. (RELL) has a return on equity (ROE) of -0.7%. A negative ROE may indicate losses or negative equity.
RICHARDSON ELECTRONICS, LTD. (RELL) has a 5-year average gross margin of 31.7%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for RICHARDSON ELECTRONICS, LTD. (RELL), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
RICHARDSON ELECTRONICS, LTD. (RELL) has a book value per share of $12.74, based on its most recent annual SEC filing.