Taitron Components Incorporated
Find Ratings ReportsTAITRON COMPONENTS's gross profit margin for the third quarter of its fiscal year 2023 has increased when compared to the same period a year ago. Sales and net income have dropped, although the growth in revenues underperformed the average competitor within the subsector, the net income growth did not. TAITRON COMPONENTS is extremely liquid. Currently, the Quick Ratio is 8.84 which clearly shows the ability to cover any short-term cash needs. TAIT managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 3.91% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q3 FY23 | Q3 FY22 |
---|---|---|
Net Sales ($mil) | 1.56 | 2.3 |
EBITDA ($mil) | 0.42 | 0.71 |
EBIT ($mil) | 0.39 | 0.69 |
Net Income ($mil) | 0.41 | 0.48 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 8.77 | 6.2 |
Total Assets ($mil) | 18.12 | 17.46 |
Total Debt ($mil) | 0.0 | 0.0 |
Equity ($mil) | 17.0 | 16.36 |
Profitability | Q3 FY23 | Q3 FY22 |
---|---|---|
Gross Profit Margin | 60.84 | 54.22 |
EBITDA Margin | 26.93 | 30.91 |
Operating Margin | 24.82 | 30.04 |
Sales Turnover | 0.38 | 0.51 |
Return on Assets | 9.78 | 20.29 |
Return on Equity | 10.43 | 21.66 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 11.5 | 12.97 |
Debt/Capital | 0.0 | 0.0 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 6.02 | 6.0 |
Div / share | 0.05 | 0.05 |
EPS | 0.07 | 0.08 |
Book value / share | 2.82 | 2.73 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 17789.0 | 7951.0 |
HOLD. TAITRON COMPONENTS's P/E ratio indicates a significant discount compared to an average of 24.06 for the Merchant Wholesalers, Durable Goods subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 1.14 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 6.83. The price-to-sales ratio is similar to the S&P 500 average, but it is significantly above the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, TAITRON COMPONENTS proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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TAIT 10.73 | Peers 24.06 | TAIT 5.75 | Peers 17.73 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. TAIT is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. TAIT is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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TAIT NA | Peers 24.12 | TAIT NA | Peers 3.31 | |||||||||||||||||||||
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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TAIT 1.14 | Peers 6.83 | TAIT -49.16 | Peers -19.81 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. TAIT is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, TAIT is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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TAIT 2.80 | Peers 1.87 | TAIT -22.35 | Peers -0.87 | |||||||||||||||||||||
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. TAIT is trading at a significant premium to its subsector. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. TAIT significantly trails its peers on the basis of sales growth. |
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