A Business at a Glance
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Solitron Devices, Inc., a Delaware corporation (the "Company" or "Solitron"), designs, develops, manufactures and markets solid‑state semiconductor components and related devices primarily for the military and aerospace markets. The Company manufactures a large variety of bipolar and metal oxide semiconductor ("MOS") power transistors, power and control hybrids, junction and power MOS field effect transistors ("Power MOSFETS"), field effect transistors and other related products. Most of the Company's products are custom made pursuant to contracts with customers whose end products are sold to the United States government. Other products, such as Joint Army/Navy ("JAN") transistors, diodes and Standard Military Drawings (“SMD”) voltage regulators, are sold as standard or catalog items. The Company was incorporated under the laws of the State of New York in March 1959 and reincorporated under the laws of the State of Delaware in August 1987.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 15M | 14M | 13M | 6.4M | 12M | 11M |
| Net Income | 26K | 815K | 5.8M | 826K | 3.5M | 1.4M |
| EPS | $0.00 | $0.39 | $2.79 | $0.40 | $1.68 | $0.66 |
| Free Cash Flow | 814K | 560K | 1.6M | -1.2M | -1.6M | 1.6M |
| ROIC | 0.3% | 4.9% | 29.6% | 7.3% | 40.4% | 31.9% |
| Gross Margin | 23.8% | 28.4% | 29.8% | 21.9% | 39.1% | 31.1% |
| Debt/Equity | 0.19 | 0.21 | 0.15 | 0.34 | 0.00 | 0.11 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 90K | 998K | 934K | -651K | 2.3M | 1.2M |
| Operating Margin | 0.6% | 7.1% | 7.3% | -10.2% | 18.7% | 11.1% |
| ROE | 0.1% | 4.7% | 34.0% | 7.3% | 33.6% | 19.9% |
| Shares Outstanding | 2M | 2M | 2M | 2M | 2M | 2M |
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 9.4M | 9.2M | 11M | 12M | 6.4M | 13M | 14M | 15M |
| Gross Margin | 14.8% | 16.0% | 31.1% | 39.1% | 21.9% | 29.8% | 28.4% | 23.8% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | -1.3M | -629K | 1.2M | 2.3M | -651K | 934K | 998K | 90K |
| Op. Margin | -14.4% | -6.8% | 11.1% | 18.7% | -10.2% | 7.3% | 7.1% | 0.6% |
| Net Income | -1.4M | -606K | 1.4M | 3.5M | 826K | 5.8M | 815K | 26K |
| Net Margin | -15.4% | -6.6% | 13.1% | 28.6% | 12.9% | 45.5% | 5.8% | 0.2% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||||
| ROIC | -24.4% | -11.1% | 31.9% | 40.4% | 7.3% | 29.6% | 4.9% | 0.3% |
| ROE | -24.4% | -11.1% | 19.9% | 33.6% | 7.3% | 34.0% | 4.7% | 0.1% |
| ROA | -20.6% | -8.6% | 15.2% | 24.4% | 5.5% | 23.4% | 3.3% | 0.1% |
| Cash Flow | ||||||||
| Op. Cash Flow | -1.9M | 1.1M | 1.7M | 3.3M | 962K | 1.9M | 2.4M | 963K |
| Free Cash Flow | -2.0M | 1.0M | 1.6M | -1.6M | -1.2M | 1.6M | 560K | 814K |
| Owner Earnings | -2.1M | 616K | 1.4M | 3.1M | 599K | 1.4M | 1.8M | 404K |
| CapEx | 142K | 108K | 75K | 4.9M | 2.2M | 355K | 1.8M | 149K |
| Maint. CapEx | 215K | 220K | 225K | 264K | 363K | 506K | 559K | 559K |
| Growth CapEx | 0 | 0 | 0 | 4.6M | 1.8M | 0 | 1.3M | 0 |
| D&A | 215K | 220K | 225K | 264K | 363K | 506K | 559K | 559K |
| CapEx/OCF | N/A | 9.7% | 4.5% | 146.7% | 227.4% | 18.5% | 76.6% | 15.5% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 6K | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | 0.0% | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 0 | 282K | 75K | N/A | N/A | N/A | N/A | N/A |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||||
| Net Debt | N/A | -1.5M | -3.3M | -4.8M | N/A | -584K | -1.3M | -268K |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.9M |
| Long-Term Debt | N/A | 0 | 764K | 3K | N/A | 2.5M | 3.8M | 3.8M |
| Debt/Equity | 0.18 | 0.00 | 0.11 | 0.00 | 0.34 | 0.15 | 0.21 | 0.19 |
| Interest Coverage | N/A | N/A | 233.8 | 22.3 | -6.0 | 5.3 | 3.7 | 3.7 |
| Equity | 5.9M | 5.5M | 6.9M | 10M | 11M | 17M | 18M | 19M |
| Total Assets | 7.0M | 7.0M | 9.1M | 14M | 15M | 25M | 24M | 26M |
| Total Liabilities | 1.1M | 1.6M | 2.2M | 3.9M | 3.8M | 7.7M | 6.6M | 6.7M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | 6.2M | 5.8M | 5.8M |
| Retained Earnings | 5.8M | 5.1M | 6.5M | 10.0M | 11M | 17M | 17M | 17M |
| Working Capital | 5.3M | 4.7M | 7.0M | 7.7M | 6.5M | 6.2M | 8.6M | 8.6M |
| Current Assets | 6.4M | 5.9M | 8.4M | 8.8M | 7.7M | 11M | 11M | 11M |
| Current Liabilities | 1.1M | 1.2M | 1.4M | 1.2M | 1.2M | 4.4M | 2.1M | 2.1M |
| Per Share Data | ||||||||
| EPS | -0.76 | -0.30 | 0.66 | 1.68 | 0.40 | 2.79 | 0.39 | 0.00 |
| Owner EPS | -1.10 | 0.30 | 0.66 | 1.47 | 0.29 | 0.68 | 0.88 | 0.19 |
| Book Value | 3.11 | 2.71 | 3.33 | 5.01 | 5.41 | 8.20 | 8.59 | 8.83 |
| Cash Flow/Share | -0.99 | 0.55 | 0.80 | 1.60 | 0.46 | 0.92 | 1.15 | 0.27 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 1.9M | 2.0M | 2.1M | 2.1M | 2.1M | 2.1M | 2.1M | 2.1M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | 10.2 | 5.9 | 25.4 | 6.1 | 40.6 | N/A |
| P/FCF | N/A | 5.5 | 8.8 | N/A | N/A | 22.7 | 59.1 | 71.2 |
| EV/EBIT | N/A | N/A | 9.2 | 7.0 | N/A | 37.4 | 31.9 | 641.3 |
| Price/Book | 0.8 | 1.0 | 2.0 | 2.0 | 1.9 | 2.1 | 1.9 | 3.1 |
| Price/Sales | 0.6 | 0.5 | 0.7 | 1.5 | 3.2 | 2.0 | 2.6 | 3.9 |
| FCF Yield | -45.2% | 18.1% | 11.4% | -7.5% | -5.8% | 4.4% | 1.7% | 1.4% |
| Market Cap | 4.5M | 5.6M | 14M | 21M | 21M | 36M | 33M | 58M |
| Avg. Price | 3.07 | 2.15 | 3.32 | 9.09 | 9.90 | 12.33 | 17.43 | 27.00 |
| Year-End Price | 2.35 | 2.77 | 6.74 | 10.00 | 10.08 | 17.05 | 15.90 | 27.00 |
SOLITRON DEVICES INC passes 4 of 9 quality checks, suggesting mixed fundamentals.
On a free-cash-flow basis, the stock trades at 71.2x vs a median of 15.8x. The company's 5-year average ROIC is 22.8% with a gross margin of 30.1%. At current prices, the estimated annualized return to fair value is -3.7%.
SOLITRON DEVICES INC (SODI) has a current P/E ratio of 7674.9, compared to its historical median P/E of 10.2. The stock is currently considered Expensive based on its historical valuation range.
SOLITRON DEVICES INC (SODI) has a 5-year average return on invested capital (ROIC) of 22.8%. This indicates strong capital allocation and a potential competitive advantage.
SOLITRON DEVICES INC (SODI) has a market capitalization of $58M. It is classified as a small-cap stock.
SOLITRON DEVICES INC (SODI) does not currently pay a regular dividend.
Based on historical P/E analysis, SOLITRON DEVICES INC (SODI) appears expensive. The current P/E of 7674.9 is 75379% above its historical median of 10.2. The estimated fair value CAGR (P/E method) is 5.0%.
SOLITRON DEVICES INC (SODI) operates in the Semiconductors & Related Devices industry, within the Technology sector.
SOLITRON DEVICES INC (SODI) reported annual revenue of $14 million in its most recent fiscal year, based on SEC EDGAR filings.
SOLITRON DEVICES INC (SODI) has a net profit margin of 5.8%. This is a modest margin.
SOLITRON DEVICES INC (SODI) generated $560 thousand in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
SOLITRON DEVICES INC (SODI) has a debt-to-equity ratio of 0.21. This indicates a conservatively financed balance sheet.
SOLITRON DEVICES INC (SODI) reported earnings per share (EPS) of $0.39 in its most recent fiscal year.
SOLITRON DEVICES INC (SODI) has a return on equity (ROE) of 4.7%. This indicates moderate shareholder returns.
SOLITRON DEVICES INC (SODI) has a 5-year average gross margin of 30.1%. This indicates decent pricing power.
The Ledger Terminal provides 7 years of financial data for SOLITRON DEVICES INC (SODI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SOLITRON DEVICES INC (SODI) has a book value per share of $8.59, based on its most recent annual SEC filing.
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