A Business at a Glance
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TRIO-TECH INTERNATIONAL
TRT
$82M
Mkt Cap
$10.03
-5.64%
Cautionary Statement Regarding Forward-Looking Statements The business and activities of Trio-Tech International, a California corporation (the “Company”), discussed in this Annual Report on Form 10-K (the “Annual Report”) and in other past and future reports and announcements by the Company may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and assumptions regarding future activities and results of operations of the Company.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 58M | 36M | 42M | 43M | 44M | 32M |
| Net Income | 348K | -41K | 1.1M | 1.5M | 2.4M | -591K |
| EPS | $0.07 | $-0.01 | $0.12 | $0.19 | $0.29 | $-0.08 |
| Free Cash Flow | 221K | -596K | 2.2M | 3.6M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 36M | 34M | 34M | 39M | 42M | 39M | 34M | 32M | 44M | 43M | 42M | 36M | 58M |
| Gross Margin | 22.9% | 26.3% | 25.5% | 24.6% | 25.1% | 23.0% | 21.1% | 23.6% | 26.6% | 27.1% | 25.4% | 25.1% | 17.6% |
| R&D | 196K | 182K | 200K | 208K | 451K | 345K | 355K | 357K | 375K | 397K | 392K | 384K | 391K |
| SG&A | 7.4M | 6.8M | 6.4M | 6.9M | 7.3M | 7.0M | 7.1M | 6.9M | 8.4M | 8.4M | 8.4M | 7.9M | 8.5M |
| EBIT | N/A | 517K | 788K | 1.3M | 1.2M | 1.5M | 879K | -61K | 2.4M | 2.2M | 1.1M | 254K | 529K |
| Op. Margin | N/A | 1.5% | 2.3% | 3.4% | 2.8% | 3.9% | 2.6% | -0.2% | 5.3% | 5.2% | 2.6% | 0.7% | 0.9% |
| Net Income | 57K | 521K | 779K | 1.3M | 1.2M | 1.5M | 878K | -591K | 2.4M | 1.5M | 1.1M | -41K | 348K |
| Net Margin | 0.2% | 1.5% | 2.3% | 3.4% | 2.8% | 3.9% | 2.5% | -1.8% | 5.4% | 3.6% | 2.5% | -0.1% | 0.6% |
| Non-Recurring | 66K | 169K | 16K | -47K | 81K | 685K | 1.3M | 0 | -1K | -7K | -46K | 102K | 102K |
| Returns on Capital | |||||||||||||
| ROIC | N/A | 1.8% | 3.8% | 6.4% | 4.3% | 9.7% | 5.5% | -0.3% | 10.4% | 9.9% | 5.0% | 0.8% | 1.6% |
| ROE | 0.3% | 2.5% | 3.7% | 6.2% | 5.3% | 6.4% | 3.5% | -2.3% | 8.6% | 5.3% | 3.4% | -0.1% | 1.0% |
| ROA | 0.2% | 1.6% | 2.4% | 4.0% | 3.4% | 4.2% | 2.4% | -1.6% | 5.5% | 3.7% | 2.5% | -0.1% | 0.8% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 3.9M | 4.1M | 1.0M | 4.0M | 4.4M | 4.5M | 3.0M | 1.6M | 2.1M | 8.1M | 2.7M | 371K | 1.7M |
| Free Cash Flow | 770K | 1.4M | -643K | 1.7M | 2.1M | 1.6M | 2.0M | 526K | 655K | 3.6M | 2.2M | -596K | 221K |
| Owner Earnings | 1.4M | 1.7M | -925K | 2.1M | 2.1M | 1.9M | -235K | -1.7M | -1.4M | 2.7M | -2.0M | -2.8M | -1.0M |
| CapEx | 3.1M | 2.7M | 1.7M | 2.3M | 2.3M | 2.8M | 1.0M | 1.1M | 1.5M | 4.5M | 542K | 967K | 1.4M |
| Maint. CapEx | 2.3M | 2.2M | 1.8M | 1.8M | 2.2M | 2.4M | 3.1M | 3.1M | 3.1M | 5.1M | 4.2M | 2.7M | 2.3M |
| Growth CapEx | 796K | 454K | 0 | 449K | 95K | 391K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 2.3M | 2.2M | 1.8M | 1.8M | 2.2M | 2.4M | 3.1M | 3.1M | 3.1M | 5.1M | 4.2M | 2.7M | 2.3M |
| CapEx/OCF | 80.1% | 65.9% | 163.4% | 57.8% | 52.5% | 63.8% | 33.8% | 67.9% | 69.1% | 55.5% | 19.9% | 260.6% | 86.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 312K | 6K | 181K | 177K | 189K | 125K | 235K | 189K | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | 1.7% | 0.1% | 1.7% | 1.3% | 0.9% | 0.9% | 1.9% | 1.1% | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 216K | 106K | 101K | 18K | 43K | 56K | 146K | 249K | 475K | 358K | 465K | 448K | 428K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | -3.3M | -3.6M | -5.0M | N/A | -10.0M | -12M | -10M | -11M | -13M | -16M | -16M | -15M |
| Cash & Equiv. | 2.9M | 3.7M | 3.8M | 4.8M | 6.5M | 6.6M | 5.8M | 5.8M | 7.7M | 7.6M | 10M | 11M | 16M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | 442K | 435K | 2.1M | 1.3M | 877K | 613K | 428K | 515K |
| Debt/Equity | 0.66 | 0.02 | 0.02 | 0.02 | 0.55 | 0.03 | 0.03 | 0.09 | 0.08 | 0.05 | 0.02 | 0.02 | 0.02 |
| Interest Coverage | N/A | 2.1 | 3.9 | 6.6 | 5.1 | 4.9 | 3.8 | -0.5 | 19.3 | 21.2 | 14.2 | 5.6 | 529.0 |
| Equity | 21M | 21M | 21M | 22M | 24M | 25M | 25M | 26M | 28M | 29M | 31M | 34M | 34M |
| Total Assets | 35M | 32M | 32M | 33M | 36M | 37M | 36M | 38M | 43M | 42M | 43M | 41M | 45M |
| Total Liabilities | 14M | 11M | 11M | 12M | 13M | 12M | 11M | 12M | 15M | 13M | 11M | 7.1M | 12M |
| Intangibles | 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 |
| Retained Earnings | 1.7M | 2.2M | 3.0M | 4.3M | 5.5M | 7.1M | 7.4M | 6.8M | 9.2M | 11M | 12M | 12M | 11M |
| Working Capital | 2.6M | 5.3M | 6.5M | 7.5M | 9.2M | 12M | 13M | 15M | 17M | 20M | 23M | 25M | 23M |
| Current Assets | 13M | 14M | 15M | 17M | 19M | 20M | 20M | 24M | 29M | 29M | 32M | 32M | 33M |
| Current Liabilities | 11M | 8.3M | 8.9M | 9.5M | 9.8M | 8.1M | 7.2M | 8.8M | 12M | 9.3M | 9.4M | 6.3M | 9.9M |
| Per Share Data | |||||||||||||
| EPS | 0.01 | 0.08 | 0.11 | 0.18 | 0.16 | 0.21 | 0.12 | -0.08 | 0.29 | 0.19 | 0.12 | -0.01 | 0.07 |
| Owner EPS | 0.12 | 0.25 | -0.13 | 0.29 | 0.28 | 0.26 | -0.03 | -0.21 | -0.17 | 0.32 | -0.23 | -0.34 | -0.12 |
| Book Value | 1.83 | 2.98 | 2.95 | 2.94 | 3.08 | 3.30 | 3.44 | 3.25 | 3.32 | 3.52 | 3.58 | 4.15 | 3.83 |
| Cash Flow/Share | 0.34 | 0.59 | 0.14 | 0.54 | 0.58 | 0.59 | 0.41 | 0.21 | 0.25 | 0.97 | 0.31 | 0.05 | 0.29 |
| Dividends/Share | 0.03 | 0.00 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 11.4M | 6.9M | 7.1M | 7.3M | 7.6M | 7.5M | 7.3M | 7.9M | 8.4M | 8.3M | 8.8M | 8.2M | 9.0M |
| Valuation | |||||||||||||
| P/E Ratio | 332.0 | 21.1 | 16.4 | 13.7 | 13.9 | 7.0 | 13.7 | N/A | 7.7 | 13.0 | 25.4 | N/A | 142.3 |
| P/FCF | 24.6 | 7.9 | N/A | 10.8 | 7.9 | 6.7 | 6.0 | 38.5 | 28.2 | 5.6 | 12.3 | N/A | 406.7 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 3.2 | 3.3 | 9.9 | 25.3 | 141.5 |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.8 | 0.7 | 0.7 | 0.9 | 0.7 | 2.6 |
| Price/Sales | 0.5 | 0.3 | 0.3 | 0.4 | 0.5 | 0.4 | 0.4 | 0.5 | 0.6 | 0.5 | 0.6 | 0.7 | 1.5 |
| FCF Yield | 4.1% | 12.7% | -5.0% | 9.2% | 12.7% | 14.9% | 16.6% | 2.6% | 3.6% | 18.0% | 8.2% | -2.6% | 0.2% |
| Market Cap | 19M | 11M | 13M | 18M | 16M | 11M | 12M | 20M | 18M | 20M | 27M | 23M | 90M |
| Avg. Price | 1.65 | 1.66 | 1.46 | 1.90 | 2.76 | 1.83 | 1.70 | 2.15 | 3.05 | 2.35 | 2.99 | 2.95 | 10.03 |
| Year-End Price | 1.66 | 1.59 | 1.80 | 2.47 | 2.15 | 1.44 | 1.64 | 2.57 | 2.19 | 2.41 | 3.05 | 2.74 | 10.03 |
TRIO-TECH INTERNATIONAL passes 2 of 9 quality checks, indicating weak fundamentals.
TRIO-TECH INTERNATIONAL trades at 154.8x trailing earnings, compared to its 15-year median P/E of 13.7x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 19.5x vs a median of 9.3x. The company's 5-year average ROIC is 5.1% with a gross margin of 25.6%. At current prices, the estimated annualized return to fair value is +12.7%.
TRIO-TECH INTERNATIONAL (TRT) has a current P/E ratio of 154.8, compared to its historical median P/E of 13.7. The stock is currently considered Expensive based on its historical valuation range.
TRIO-TECH INTERNATIONAL (TRT) has a 5-year average return on invested capital (ROIC) of 5.1%. This is below average and may indicate limited pricing power.
TRIO-TECH INTERNATIONAL (TRT) has a market capitalization of $90M. It is classified as a small-cap stock.
TRIO-TECH INTERNATIONAL (TRT) does not currently pay a regular dividend.
Based on historical P/E analysis, TRIO-TECH INTERNATIONAL (TRT) appears expensive. The current P/E of 154.8 is 1027% above its historical median of 13.7. The estimated fair value CAGR (P/E method) is -2.5%.
TRIO-TECH INTERNATIONAL (TRT) operates in the Special Industry Machinery, Nec industry, within the Industrials sector.
TRIO-TECH INTERNATIONAL (TRT) reported annual revenue of $36 million in its most recent fiscal year, based on SEC EDGAR filings.
| 655K |
| 526K |
| ROIC | 1.6% | 0.8% | 5.0% | 9.9% | 10.4% | -0.3% |
|---|
| Gross Margin | 17.6% | 25.1% | 25.4% | 27.1% | 26.6% | 23.6% |
|---|
| Debt/Equity | 0.02 | 0.02 | 0.02 | 0.05 | 0.08 | 0.09 |
|---|
| Dividends/Share | $0.00 | - | - | - | - | $0.02 |
|---|
| Operating Income | 529K | 254K | 1.1M | 2.2M | 2.4M | -61K |
|---|
| Operating Margin | 0.9% | 0.7% | 2.6% | 5.2% | 5.3% | -0.2% |
|---|
| ROE | 1.0% | -0.1% | 3.4% | 5.3% | 8.6% | -2.3% |
|---|
| Shares Outstanding | 9M | 8M | 9M | 8M | 8M | 8M |
|---|
TRIO-TECH INTERNATIONAL (TRT) has a net profit margin of -0.1%. The company is currently unprofitable.
TRIO-TECH INTERNATIONAL (TRT) generated $-596 thousand in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
TRIO-TECH INTERNATIONAL (TRT) has a debt-to-equity ratio of 0.02. This indicates a conservatively financed balance sheet.
TRIO-TECH INTERNATIONAL (TRT) reported earnings per share (EPS) of $-0.01 in its most recent fiscal year.
TRIO-TECH INTERNATIONAL (TRT) has a return on equity (ROE) of -0.1%. A negative ROE may indicate losses or negative equity.
TRIO-TECH INTERNATIONAL (TRT) has a 5-year average gross margin of 25.6%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for TRIO-TECH INTERNATIONAL (TRT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TRIO-TECH INTERNATIONAL (TRT) has a book value per share of $4.15, based on its most recent annual SEC filing.