Taitron Components Incorporated (TAIT) 10-Year Financial Performance & Capital Metrics

TAIT • • Industrial / General

TechnologyTech DistributorsBroadline Electronic Components DistributionRegional Component Distributors

AboutTaitron Components Incorporated engages in the supply of original designed and manufactured (ODM) electronic components, and distribution of brand name electronic components. The company distributes discrete semiconductors, commodity integrated circuits, optoelectronic devices, and passive components. It also offers value-added engineering and turn-key solutions focusing on providing contract electronic manufacturers (CEMs) and original equipment manufacturers (OEMs) with ODM products for their turn-key projects. The company serves other electronic distributors, CEMs, and OEMs in the United States, South Korea, China, Taiwan, and internationally. It has strategic allies with Teamforce Co. Ltd.; Grand Shine Management; and Zowie Technology Corporation. The company was incorporated in 1989 and is headquartered in Valencia, California.Show more

Revenue $4M -32.2%
EBITDA $69K -95.0%
Net Income $902K -51.1%
EPS (Diluted) 0.17 -45.2%
Gross Margin 51.15% -9.4%
EBITDA Margin 1.67% -92.6%
Operating Margin -2.51% -112.8%
Net Margin 21.78% -27.9%
ROE 5.4% -51.7%
ROIC -0.68% -108.1%
Debt/Equity -
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 12.8% through buybacks
✓Healthy 5Y average net margin of 26.7%
✓Trading at only 0.5x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 7 (bottom 7%)
✗Sales declining 9.4% over 5 years
✗Dividend payout exceeds 100% of earnings
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-3.35%

5Y-9.4%

3Y-21.75%

TTM-18.37%

Profit (Net Income) CAGR

10Y-

5Y3.13%

3Y-23.44%

TTM-172.32%

EPS CAGR

10Y-

5Y11.2%

3Y-20.63%

TTM-172.56%

ROCE

10Y Avg4.56%

5Y Avg8.88%

3Y Avg7.1%

Latest-0.62%

Peer Comparison

Regional Component Distributors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TAITTaitron Components Incorporated	7.89M	1.50	8.82	-32.2%	-27.42%	-6.45%
IZMICZOOM Group Inc.	12.36M	1.51	-6.86	-17.01%	-0.18%	-4.3%	15.56%	0.79

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	5.67M	6.92M	7.62M	8.22M	6.78M	6.7M	8.64M	8.42M	6.11M	4.14M
Revenue Growth %	-0.03%	0.22%	0.1%	0.08%	-0.18%	-0.01%	0.29%	-0.03%	-0.27%	-0.32%
Cost of Goods Sold+	3.91M	7.66M	4.62M	4.6M	3.71M	3.42M	4.52M	4.03M	2.66M	2.02M
COGS % of Revenue	0.69%	1.11%	0.61%	0.56%	0.55%	0.51%	0.52%	0.48%	0.44%	0.49%
Gross Profit+	1.76M	-748K	3M	3.62M	3.08M	3.28M	4.12M	4.39M	3.45M	2.12M
Gross Margin %	0.31%	-0.11%	0.39%	0.44%	0.45%	0.49%	0.48%	0.52%	0.56%	0.51%
Gross Profit Growth %	0.19%	-1.42%	5.01%	0.21%	-0.15%	0.07%	0.26%	0.07%	-0.22%	-0.39%
Operating Expenses+	2.1M	2.12M	2.21M	2.2M	2.38M	2.23M	2.03M	2.16M	2.25M	2.22M
OpEx % of Revenue	0.37%	0.31%	0.29%	0.27%	0.35%	0.33%	0.23%	0.26%	0.37%	0.54%
Selling, General & Admin	2.1M	2.12M	2.21M	2.2M	2.38M	2.23M	2.03M	2.16M	2.25M	2.22M
SG&A % of Revenue	0.37%	0.31%	0.29%	0.27%	0.35%	0.33%	0.23%	0.26%	0.37%	0.54%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-339K	-2.87M	791K	1.42M	698K	1.05M	2.09M	2.23M	1.2M	-104K
Operating Margin %	-0.06%	-0.42%	0.1%	0.17%	0.1%	0.16%	0.24%	0.27%	0.2%	-0.03%
Operating Income Growth %	0.48%	-7.47%	1.28%	0.79%	-0.51%	0.51%	0.98%	0.07%	-0.46%	-1.09%
EBITDA+	-184K	-2.7M	994K	1.58M	876K	1.24M	2.27M	2.37M	1.37M	69K
EBITDA Margin %	-0.03%	-0.39%	0.13%	0.19%	0.13%	0.19%	0.26%	0.28%	0.22%	0.02%
EBITDA Growth %	0.63%	-13.66%	1.37%	0.59%	-0.45%	0.42%	0.83%	0.04%	-0.42%	-0.95%
D&A (Non-Cash Add-back)	155K	175K	203K	161K	178K	186K	180K	135K	167K	173K
EBIT	-339K	-3.05M	791K	1.42M	806K	1.36M	2.4M	1.83M	1.2M	-104K
Net Interest Income+	-45K	-48K	-38K	9K	28K	37K	19K	40K	221K	289K
Interest Income	0	0	0	18K	28K	37K	19K	40K	221K	289K
Interest Expense	45K	48K	38K	9K	0	0	0	0	0	0
Other Income/Expense	-255K	-226K	-90K	-43K	108K	309K	306K	-409K	1.06M	1.52M
Pretax Income+	-594K	-3.1M	701K	1.38M	806K	1.36M	2.4M	1.83M	2.26M	1.42M
Pretax Margin %	-0.1%	-0.45%	0.09%	0.17%	0.12%	0.2%	0.28%	0.22%	0.37%	0.34%
Income Tax+	1K	20K	5K	6K	0	4K	388K	-1.38M	412K	513K
Effective Tax Rate %	0.99%	1%	1%	1%	0.96%	1%	0.84%	1.76%	0.82%	0.64%
Net Income+	-587K	-3.11M	701K	1.38M	773K	1.36M	2.01M	3.21M	1.84M	902K
Net Margin %	-0.1%	-0.45%	0.09%	0.17%	0.11%	0.2%	0.23%	0.38%	0.3%	0.22%
Net Income Growth %	0.48%	-4.3%	1.23%	0.97%	-0.44%	0.76%	0.48%	0.6%	-0.42%	-0.51%
Net Income (Continuing)	-595K	-3.12M	696K	1.37M	806K	1.36M	2.01M	3.21M	1.84M	902K
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	104K	104K	100K	96K	100K	0	0	0	0	0
EPS (Diluted)+	-0.11	-0.56	0.12	0.24	0.10	0.23	0.34	0.53	0.31	0.17
EPS Growth %	0.45%	-4.09%	1.21%	1%	-0.58%	1.3%	0.48%	0.56%	-0.42%	-0.45%
EPS (Basic)	-0.11	-0.56	0.13	0.25	0.11	0.23	0.34	0.54	0.31	0.17
Diluted Shares Outstanding	5.54M	5.54M	5.64M	5.71M	5.84M	5.85M	5.92M	6.04M	6.03M	5.26M
Basic Shares Outstanding	5.34M	5.54M	5.55M	5.6M	5.72M	5.8M	5.84M	6M	6.01M	5.26M
Dividend Payout Ratio	-	-	0.79%	0.43%	0.93%	0.62%	0.48%	0.53%	0.65%	1.33%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	13.16M	9.53M	9.3M	10.06M	10.01M	10.86M	13.87M	11.98M	12.81M	12.88M
Cash & Short-Term Investments	3.69M	4.02M	3.25M	4.49M	5.31M	6.65M	7.54M	7.25M	9.84M	9.39M
Cash Only	3.69M	4.02M	3.25M	4.49M	5.31M	6.65M	5.97M	5.22M	6.21M	4.21M
Short-Term Investments	0	0	0	0	0	0	1.57M	2.03M	3.63M	5.18M
Accounts Receivable	291K	233K	978K	901K	1.02M	639K	900K	683K	92K	421K
Days Sales Outstanding	18.72	12.3	46.83	40	54.99	34.83	38.01	29.6	5.5	37.11
Inventory	9.02M	5.05M	4.99M	4.6M	3.59M	3.52M	5.26M	3.9M	2.6M	2.95M
Days Inventory Outstanding	841.12	240.78	394.06	364.44	353.28	376.01	424.65	353.23	356.36	532.07
Other Current Assets	0	154K	80K	67K	85K	46K	173K	0	283K	0
Total Non-Current Assets+	4.89M	4.5M	4.27M	3.92M	3.59M	3.41M	3.25M	5.16M	5.2M	4.76M
Property, Plant & Equipment	4.2M	4.03M	3.87M	3.71M	3.39M	3.22M	3.06M	2.92M	2.97M	3.03M
Fixed Asset Turnover	1.35x	1.72x	1.97x	2.22x	2.00x	2.08x	2.83x	2.88x	2.06x	1.37x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	671K	447K	403K	193K	186K	186K	186K	186K	186K	186K
Other Non-Current Assets	17K	24K	0	19K	19K	3K	7K	2.05M	2.04M	1.54M
Total Assets+	18.05M	14.04M	13.57M	13.98M	13.6M	14.26M	17.12M	17.14M	18.01M	17.64M
Asset Turnover	0.31x	0.49x	0.56x	0.59x	0.50x	0.47x	0.50x	0.49x	0.34x	0.23x
Asset Growth %	0.01%	-0.22%	-0.03%	0.03%	-0.03%	0.05%	0.2%	0%	0.05%	-0.02%
Total Current Liabilities+	1.84M	1.35M	1.21M	1.28M	784K	856K	2.74M	1M	1.16M	1.07M
Accounts Payable	1.04M	857K	848K	972K	462K	410K	1.81M	211K	194K	251K
Days Payables Outstanding	96.94	40.82	66.97	77.06	45.49	43.82	146.34	19.11	26.62	45.29
Short-Term Debt	500K	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	0	154K	0	0	0	0	0	-1	0	0
Current Ratio	7.14x	7.07x	7.71x	7.84x	12.77x	12.68x	5.07x	11.97x	11.01x	12.00x
Quick Ratio	2.25x	3.32x	3.57x	4.26x	8.19x	8.57x	3.15x	8.07x	8.78x	9.25x
Cash Conversion Cycle	762.9	212.26	373.93	327.38	362.79	367.02	316.32	363.71	335.23	523.9
Total Non-Current Liabilities+	1M	1M	500K	0	0	163K	0	1	0	1
Long-Term Debt	1M	1M	500K	0	0	163K	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	137K	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	1	-137K	1
Total Liabilities	2.84M	2.35M	1.71M	1.28M	784K	1.02M	2.74M	1M	1.16M	1.07M
Total Debt+	1.5M	1M	500K	0	0	163K	0	0	0	0
Net Debt	-2.19M	-3.02M	-2.75M	-4.49M	-5.31M	-6.49M	-5.97M	-5.22M	-6.21M	-4.21M
Debt / Equity	0.10x	0.09x	0.04x	-	-	0.01x	-	-	-	-
Debt / EBITDA	-	-	0.50x	-	-	0.13x	-	-	-	-
Net Debt / EBITDA	-	-	-2.77x	-2.84x	-6.07x	-5.23x	-2.63x	-2.20x	-4.54x	-60.99x
Interest Coverage	-7.53x	-59.83x	20.82x	157.67x	-	-	-	-	-	-
Total Equity+	15.21M	11.69M	11.86M	12.7M	12.81M	13.24M	14.38M	16.14M	16.84M	16.56M
Equity Growth %	-0.04%	-0.23%	0.01%	0.07%	0.01%	0.03%	0.09%	0.12%	0.04%	-0.02%
Book Value per Share	2.75	2.11	2.10	2.23	2.19	2.26	2.43	2.67	2.79	3.15
Total Shareholders' Equity	15.1M	11.58M	11.76M	12.6M	12.71M	13.24M	14.38M	16.14M	16.84M	16.56M
Common Stock	6K	6K	6K	6K	6K	6K	6K	6K	6K	6K
Retained Earnings	4.25M	720K	867K	1.66M	1.71M	2.23M	3.28M	4.78M	5.42M	5.12M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	159K	156K	144K	128K	38K	-66K	-73K	-58K	-61K	-49K
Minority Interest	104K	104K	100K	96K	100K	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	274K	1.25M	388K	2.29M	1.41M	2.05M	1.74M	1.69M	3.15M	-258K
Operating CF Margin %	0.05%	0.18%	0.05%	0.28%	0.21%	0.31%	0.2%	0.2%	0.52%	-0.06%
Operating CF Growth %	-0.72%	3.55%	-0.69%	4.91%	-0.38%	0.45%	-0.15%	-0.03%	0.86%	-1.08%
Net Income	-595K	-3.12M	696K	1.37M	806K	1.36M	2.01M	3.21M	1.84M	902K
Depreciation & Amortization	155K	175K	203K	161K	178K	186K	180K	135K	167K	173K
Stock-Based Compensation	24K	1K	3K	8K	21K	27K	29K	23K	13K	10K
Deferred Taxes	969K	3.94M	5K	8K	0	0	0	-2.05M	4K	501K
Other Non-Cash Items	24K	1K	527K	368K	-1.26M	-1.23M	-90K	675K	-728K	-1.22M
Working Capital Changes	-303K	248K	-1.05M	379K	1.67M	1.71M	-388K	-303K	1.85M	-621K
Change in Receivables	147K	-19K	-935K	66K	-126K	378K	-262K	217K	591K	-329K
Change in Inventory	-1.13M	320K	-115K	213K	2.31M	1.2M	-1.88M	1.18M	1.23M	-363K
Change in Payables	640K	-182K	-9K	124K	-510K	-52K	1.4M	-1.6M	-17K	57K
Cash from Investing+	-37K	-4K	-130K	-5K	-3K	-17K	-1.52M	-968K	-1.01M	-547K
Capital Expenditures	-37K	-4K	-37K	-5K	-17K	-17K	-18K	-2K	-215K	-232K
CapEx % of Revenue	0.01%	0%	0%	0%	0%	0%	0%	0%	0.04%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-37K	-4K	-93K	-5K	200K	0	0	0	0	0
Cash from Financing+	-16K	-914K	-1.01M	-1.03M	-591K	-592K	-889K	-1.5M	-1.15M	-1.2M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-414K	-554K	-589K	-717K	-840K	-965K	-1.7M	-1.2M	-1.2M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	40K	60K	126K	85K	76K	208K	54K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	237K	1.24M	351K	2.29M	1.4M	2.04M	1.72M	1.69M	2.94M	-490K
FCF Margin %	0.04%	0.18%	0.05%	0.28%	0.21%	0.3%	0.2%	0.2%	0.48%	-0.12%
FCF Growth %	-0.75%	4.24%	-0.72%	5.52%	-0.39%	0.46%	-0.15%	-0.02%	0.74%	-1.17%
FCF per Share	0.04	0.22	0.06	0.40	0.24	0.35	0.29	0.28	0.49	-0.09
FCF Conversion (FCF/Net Income)	-0.47x	-0.40x	0.55x	1.66x	1.83x	1.51x	0.87x	0.53x	1.71x	-0.29x
Interest Paid	53K	42K	43K	9K	0	0	0	0	0	0
Taxes Paid	9K	-1K	3K	3K	3K	3K	4K	706K	559K	203K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-3.79%	-23.14%	5.95%	11.22%	6.06%	10.43%	14.55%	21.02%	11.19%	5.4%
Return on Invested Capital (ROIC)	-1.9%	-19.87%	6.67%	12.29%	6.67%	11.09%	20.69%	17.34%	8.35%	-0.68%
Gross Margin	31.05%	-10.82%	39.36%	44%	45.35%	49%	47.68%	52.15%	56.45%	51.15%
Net Margin	-10.35%	-44.99%	9.2%	16.76%	11.4%	20.3%	23.26%	38.09%	30.21%	21.78%
Debt / Equity	0.10x	0.09x	0.04x	-	-	0.01x	-	-	-	-
Interest Coverage	-7.53x	-59.83x	20.82x	157.67x	-	-	-	-	-	-
FCF Conversion	-0.47x	-0.40x	0.55x	1.66x	1.83x	1.51x	0.87x	0.53x	1.71x	-0.29x
Revenue Growth	-2.58%	21.87%	10.22%	7.87%	-17.5%	-1.28%	29.08%	-2.55%	-27.48%	-32.2%

Revenue by Segment

	2013	2019	2020	2022	2023	2024
ODMProjectsMember	-	-	3.94M	-	-	-
ODMProjectsMember Growth	-	-	-	-	-	-
ODMComponentsMember	-	-	2.55M	-	-	-
ODMComponentsMember Growth	-	-	-	-	-	-
DistributionComponentsMember	-	-	208K	-	-	-
DistributionComponentsMember Growth	-	-	-	-	-	-
ODM Projects	-	4.01M	-	-	-	-
ODM Projects Growth	-	-	-	-	-	-
ODM Components	-	2.59M	-	-	-	-
ODM Components Growth	-	-	-	-	-	-
Distribution Components	-	185K	-	-	-	-
Distribution Components Growth	-	-	-	-	-	-

Revenue by Geography

	2013	2019	2020	2022	2023	2024
UNITED STATES	-	5.81M	-	8.1M	5.75M	3.87M
UNITED STATES Growth	-	-	-	-	-28.97%	-32.78%
KOREA, REPUBLIC OF	-	650K	-	209K	256K	194K
KOREA, REPUBLIC OF Growth	-	-	-	-	22.49%	-24.22%
CHINA	-	228K	-	96K	62K	58K
CHINA Growth	-	-	-	-	-35.42%	-6.45%
Other Foreign Countries Member	-	-	-	11K	27K	15K
Other Foreign Countries Member Growth	-	-	-	-	145.45%	-44.44%
TAIWAN	-	-	-	8K	10K	7K
TAIWAN Growth	-	-	-	-	25.00%	-30.00%
Asia	-	-	722K	-	-	-
Asia Growth	-	-	-	-	-	-
OtherMember	-	-	19K	-	-	-
OtherMember Growth	-	-	-	-	-	-
Other Foreign Countries	157K	51K	-	-	-	-
Other Foreign Countries Growth	-	-67.52%	-	-	-	-
TAIWAN, PROVINCE OF CHINA	-	45K	-	-	-	-
TAIWAN, PROVINCE OF CHINA Growth	-	-	-	-	-	-
United States	5.64M	-	-	-	-	-
United States Growth	-	-	-	-	-	-
Mexico	270K	-	-	-	-	-
Mexico Growth	-	-	-	-	-	-
Brazil	82K	-	-	-	-	-
Brazil Growth	-	-	-	-	-	-
Canada	59K	-	-	-	-	-
Canada Growth	-	-	-	-	-	-
Taiwan	49K	-	-	-	-	-
Taiwan Growth	-	-	-	-	-	-
China	9K	-	-	-	-	-
China Growth	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Taitron Components Incorporated (TAIT) has a price-to-earnings (P/E) ratio of 8.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Taitron Components Incorporated (TAIT) reported $3.5M in revenue for fiscal year 2024. This represents a 48% decrease from $6.8M in 2011.

Taitron Components Incorporated (TAIT) saw revenue decline by 32.2% over the past year.

Taitron Components Incorporated (TAIT) reported a net loss of $1.0M for fiscal year 2024.

Dividend & Returns

Yes, Taitron Components Incorporated (TAIT) pays a dividend with a yield of 15.26%. This makes it attractive for income-focused investors.

Taitron Components Incorporated (TAIT) has a return on equity (ROE) of 5.4%. This is below average, suggesting room for improvement.

Taitron Components Incorporated (TAIT) generated $0.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Taitron Components Incorporated (TAIT) 10-Year Financial Performance & Capital Metrics

TAIT • • Industrial / General

TechnologyTech DistributorsBroadline Electronic Components DistributionRegional Component Distributors

Revenue $4M -32.2%
EBITDA $69K -95.0%
Net Income $902K -51.1%
EPS (Diluted) 0.17 -45.2%
Gross Margin 51.15% -9.4%
EBITDA Margin 1.67% -92.6%
Operating Margin -2.51% -112.8%
Net Margin 21.78% -27.9%
ROE 5.4% -51.7%
ROIC -0.68% -108.1%
Debt/Equity -
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 12.8% through buybacks
✓Healthy 5Y average net margin of 26.7%
✓Trading at only 0.5x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 7 (bottom 7%)
✗Sales declining 9.4% over 5 years
✗Dividend payout exceeds 100% of earnings
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-3.35%

5Y-9.4%

3Y-21.75%

TTM-18.37%

Profit (Net Income) CAGR

10Y-

5Y3.13%

3Y-23.44%

TTM-172.32%

EPS CAGR

10Y-

5Y11.2%

3Y-20.63%

TTM-172.56%

ROCE

10Y Avg4.56%

5Y Avg8.88%

3Y Avg7.1%

Latest-0.62%

Peer Comparison

Regional Component Distributors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TAITTaitron Components Incorporated	7.89M	1.50	8.82	-32.2%	-27.42%	-6.45%
IZMICZOOM Group Inc.	12.36M	1.51	-6.86	-17.01%	-0.18%	-4.3%	15.56%	0.79

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	5.67M	6.92M	7.62M	8.22M	6.78M	6.7M	8.64M	8.42M	6.11M	4.14M
Revenue Growth %	-0.03%	0.22%	0.1%	0.08%	-0.18%	-0.01%	0.29%	-0.03%	-0.27%	-0.32%
Cost of Goods Sold+	3.91M	7.66M	4.62M	4.6M	3.71M	3.42M	4.52M	4.03M	2.66M	2.02M
COGS % of Revenue	0.69%	1.11%	0.61%	0.56%	0.55%	0.51%	0.52%	0.48%	0.44%	0.49%
Gross Profit+	1.76M	-748K	3M	3.62M	3.08M	3.28M	4.12M	4.39M	3.45M	2.12M
Gross Margin %	0.31%	-0.11%	0.39%	0.44%	0.45%	0.49%	0.48%	0.52%	0.56%	0.51%
Gross Profit Growth %	0.19%	-1.42%	5.01%	0.21%	-0.15%	0.07%	0.26%	0.07%	-0.22%	-0.39%
Operating Expenses+	2.1M	2.12M	2.21M	2.2M	2.38M	2.23M	2.03M	2.16M	2.25M	2.22M
OpEx % of Revenue	0.37%	0.31%	0.29%	0.27%	0.35%	0.33%	0.23%	0.26%	0.37%	0.54%
Selling, General & Admin	2.1M	2.12M	2.21M	2.2M	2.38M	2.23M	2.03M	2.16M	2.25M	2.22M
SG&A % of Revenue	0.37%	0.31%	0.29%	0.27%	0.35%	0.33%	0.23%	0.26%	0.37%	0.54%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	-339K	-2.87M	791K	1.42M	698K	1.05M	2.09M	2.23M	1.2M	-104K
Operating Margin %	-0.06%	-0.42%	0.1%	0.17%	0.1%	0.16%	0.24%	0.27%	0.2%	-0.03%
Operating Income Growth %	0.48%	-7.47%	1.28%	0.79%	-0.51%	0.51%	0.98%	0.07%	-0.46%	-1.09%
EBITDA+	-184K	-2.7M	994K	1.58M	876K	1.24M	2.27M	2.37M	1.37M	69K
EBITDA Margin %	-0.03%	-0.39%	0.13%	0.19%	0.13%	0.19%	0.26%	0.28%	0.22%	0.02%
EBITDA Growth %	0.63%	-13.66%	1.37%	0.59%	-0.45%	0.42%	0.83%	0.04%	-0.42%	-0.95%
D&A (Non-Cash Add-back)	155K	175K	203K	161K	178K	186K	180K	135K	167K	173K
EBIT	-339K	-3.05M	791K	1.42M	806K	1.36M	2.4M	1.83M	1.2M	-104K
Net Interest Income+	-45K	-48K	-38K	9K	28K	37K	19K	40K	221K	289K
Interest Income	0	0	0	18K	28K	37K	19K	40K	221K	289K
Interest Expense	45K	48K	38K	9K	0	0	0	0	0	0
Other Income/Expense	-255K	-226K	-90K	-43K	108K	309K	306K	-409K	1.06M	1.52M
Pretax Income+	-594K	-3.1M	701K	1.38M	806K	1.36M	2.4M	1.83M	2.26M	1.42M
Pretax Margin %	-0.1%	-0.45%	0.09%	0.17%	0.12%	0.2%	0.28%	0.22%	0.37%	0.34%
Income Tax+	1K	20K	5K	6K	0	4K	388K	-1.38M	412K	513K
Effective Tax Rate %	0.99%	1%	1%	1%	0.96%	1%	0.84%	1.76%	0.82%	0.64%
Net Income+	-587K	-3.11M	701K	1.38M	773K	1.36M	2.01M	3.21M	1.84M	902K
Net Margin %	-0.1%	-0.45%	0.09%	0.17%	0.11%	0.2%	0.23%	0.38%	0.3%	0.22%
Net Income Growth %	0.48%	-4.3%	1.23%	0.97%	-0.44%	0.76%	0.48%	0.6%	-0.42%	-0.51%
Net Income (Continuing)	-595K	-3.12M	696K	1.37M	806K	1.36M	2.01M	3.21M	1.84M	902K
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	104K	104K	100K	96K	100K	0	0	0	0	0
EPS (Diluted)+	-0.11	-0.56	0.12	0.24	0.10	0.23	0.34	0.53	0.31	0.17
EPS Growth %	0.45%	-4.09%	1.21%	1%	-0.58%	1.3%	0.48%	0.56%	-0.42%	-0.45%
EPS (Basic)	-0.11	-0.56	0.13	0.25	0.11	0.23	0.34	0.54	0.31	0.17
Diluted Shares Outstanding	5.54M	5.54M	5.64M	5.71M	5.84M	5.85M	5.92M	6.04M	6.03M	5.26M
Basic Shares Outstanding	5.34M	5.54M	5.55M	5.6M	5.72M	5.8M	5.84M	6M	6.01M	5.26M
Dividend Payout Ratio	-	-	0.79%	0.43%	0.93%	0.62%	0.48%	0.53%	0.65%	1.33%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	13.16M	9.53M	9.3M	10.06M	10.01M	10.86M	13.87M	11.98M	12.81M	12.88M
Cash & Short-Term Investments	3.69M	4.02M	3.25M	4.49M	5.31M	6.65M	7.54M	7.25M	9.84M	9.39M
Cash Only	3.69M	4.02M	3.25M	4.49M	5.31M	6.65M	5.97M	5.22M	6.21M	4.21M
Short-Term Investments	0	0	0	0	0	0	1.57M	2.03M	3.63M	5.18M
Accounts Receivable	291K	233K	978K	901K	1.02M	639K	900K	683K	92K	421K
Days Sales Outstanding	18.72	12.3	46.83	40	54.99	34.83	38.01	29.6	5.5	37.11
Inventory	9.02M	5.05M	4.99M	4.6M	3.59M	3.52M	5.26M	3.9M	2.6M	2.95M
Days Inventory Outstanding	841.12	240.78	394.06	364.44	353.28	376.01	424.65	353.23	356.36	532.07
Other Current Assets	0	154K	80K	67K	85K	46K	173K	0	283K	0
Total Non-Current Assets+	4.89M	4.5M	4.27M	3.92M	3.59M	3.41M	3.25M	5.16M	5.2M	4.76M
Property, Plant & Equipment	4.2M	4.03M	3.87M	3.71M	3.39M	3.22M	3.06M	2.92M	2.97M	3.03M
Fixed Asset Turnover	1.35x	1.72x	1.97x	2.22x	2.00x	2.08x	2.83x	2.88x	2.06x	1.37x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	671K	447K	403K	193K	186K	186K	186K	186K	186K	186K
Other Non-Current Assets	17K	24K	0	19K	19K	3K	7K	2.05M	2.04M	1.54M
Total Assets+	18.05M	14.04M	13.57M	13.98M	13.6M	14.26M	17.12M	17.14M	18.01M	17.64M
Asset Turnover	0.31x	0.49x	0.56x	0.59x	0.50x	0.47x	0.50x	0.49x	0.34x	0.23x
Asset Growth %	0.01%	-0.22%	-0.03%	0.03%	-0.03%	0.05%	0.2%	0%	0.05%	-0.02%
Total Current Liabilities+	1.84M	1.35M	1.21M	1.28M	784K	856K	2.74M	1M	1.16M	1.07M
Accounts Payable	1.04M	857K	848K	972K	462K	410K	1.81M	211K	194K	251K
Days Payables Outstanding	96.94	40.82	66.97	77.06	45.49	43.82	146.34	19.11	26.62	45.29
Short-Term Debt	500K	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	0	154K	0	0	0	0	0	-1	0	0
Current Ratio	7.14x	7.07x	7.71x	7.84x	12.77x	12.68x	5.07x	11.97x	11.01x	12.00x
Quick Ratio	2.25x	3.32x	3.57x	4.26x	8.19x	8.57x	3.15x	8.07x	8.78x	9.25x
Cash Conversion Cycle	762.9	212.26	373.93	327.38	362.79	367.02	316.32	363.71	335.23	523.9
Total Non-Current Liabilities+	1M	1M	500K	0	0	163K	0	1	0	1
Long-Term Debt	1M	1M	500K	0	0	163K	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	137K	0
Other Non-Current Liabilities	0	0	0	0	0	0	0	1	-137K	1
Total Liabilities	2.84M	2.35M	1.71M	1.28M	784K	1.02M	2.74M	1M	1.16M	1.07M
Total Debt+	1.5M	1M	500K	0	0	163K	0	0	0	0
Net Debt	-2.19M	-3.02M	-2.75M	-4.49M	-5.31M	-6.49M	-5.97M	-5.22M	-6.21M	-4.21M
Debt / Equity	0.10x	0.09x	0.04x	-	-	0.01x	-	-	-	-
Debt / EBITDA	-	-	0.50x	-	-	0.13x	-	-	-	-
Net Debt / EBITDA	-	-	-2.77x	-2.84x	-6.07x	-5.23x	-2.63x	-2.20x	-4.54x	-60.99x
Interest Coverage	-7.53x	-59.83x	20.82x	157.67x	-	-	-	-	-	-
Total Equity+	15.21M	11.69M	11.86M	12.7M	12.81M	13.24M	14.38M	16.14M	16.84M	16.56M
Equity Growth %	-0.04%	-0.23%	0.01%	0.07%	0.01%	0.03%	0.09%	0.12%	0.04%	-0.02%
Book Value per Share	2.75	2.11	2.10	2.23	2.19	2.26	2.43	2.67	2.79	3.15
Total Shareholders' Equity	15.1M	11.58M	11.76M	12.6M	12.71M	13.24M	14.38M	16.14M	16.84M	16.56M
Common Stock	6K	6K	6K	6K	6K	6K	6K	6K	6K	6K
Retained Earnings	4.25M	720K	867K	1.66M	1.71M	2.23M	3.28M	4.78M	5.42M	5.12M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	159K	156K	144K	128K	38K	-66K	-73K	-58K	-61K	-49K
Minority Interest	104K	104K	100K	96K	100K	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	274K	1.25M	388K	2.29M	1.41M	2.05M	1.74M	1.69M	3.15M	-258K
Operating CF Margin %	0.05%	0.18%	0.05%	0.28%	0.21%	0.31%	0.2%	0.2%	0.52%	-0.06%
Operating CF Growth %	-0.72%	3.55%	-0.69%	4.91%	-0.38%	0.45%	-0.15%	-0.03%	0.86%	-1.08%
Net Income	-595K	-3.12M	696K	1.37M	806K	1.36M	2.01M	3.21M	1.84M	902K
Depreciation & Amortization	155K	175K	203K	161K	178K	186K	180K	135K	167K	173K
Stock-Based Compensation	24K	1K	3K	8K	21K	27K	29K	23K	13K	10K
Deferred Taxes	969K	3.94M	5K	8K	0	0	0	-2.05M	4K	501K
Other Non-Cash Items	24K	1K	527K	368K	-1.26M	-1.23M	-90K	675K	-728K	-1.22M
Working Capital Changes	-303K	248K	-1.05M	379K	1.67M	1.71M	-388K	-303K	1.85M	-621K
Change in Receivables	147K	-19K	-935K	66K	-126K	378K	-262K	217K	591K	-329K
Change in Inventory	-1.13M	320K	-115K	213K	2.31M	1.2M	-1.88M	1.18M	1.23M	-363K
Change in Payables	640K	-182K	-9K	124K	-510K	-52K	1.4M	-1.6M	-17K	57K
Cash from Investing+	-37K	-4K	-130K	-5K	-3K	-17K	-1.52M	-968K	-1.01M	-547K
Capital Expenditures	-37K	-4K	-37K	-5K	-17K	-17K	-18K	-2K	-215K	-232K
CapEx % of Revenue	0.01%	0%	0%	0%	0%	0%	0%	0%	0.04%	0.06%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-37K	-4K	-93K	-5K	200K	0	0	0	0	0
Cash from Financing+	-16K	-914K	-1.01M	-1.03M	-591K	-592K	-889K	-1.5M	-1.15M	-1.2M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-414K	-554K	-589K	-717K	-840K	-965K	-1.7M	-1.2M	-1.2M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	0	40K	60K	126K	85K	76K	208K	54K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	237K	1.24M	351K	2.29M	1.4M	2.04M	1.72M	1.69M	2.94M	-490K
FCF Margin %	0.04%	0.18%	0.05%	0.28%	0.21%	0.3%	0.2%	0.2%	0.48%	-0.12%
FCF Growth %	-0.75%	4.24%	-0.72%	5.52%	-0.39%	0.46%	-0.15%	-0.02%	0.74%	-1.17%
FCF per Share	0.04	0.22	0.06	0.40	0.24	0.35	0.29	0.28	0.49	-0.09
FCF Conversion (FCF/Net Income)	-0.47x	-0.40x	0.55x	1.66x	1.83x	1.51x	0.87x	0.53x	1.71x	-0.29x
Interest Paid	53K	42K	43K	9K	0	0	0	0	0	0
Taxes Paid	9K	-1K	3K	3K	3K	3K	4K	706K	559K	203K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-3.79%	-23.14%	5.95%	11.22%	6.06%	10.43%	14.55%	21.02%	11.19%	5.4%
Return on Invested Capital (ROIC)	-1.9%	-19.87%	6.67%	12.29%	6.67%	11.09%	20.69%	17.34%	8.35%	-0.68%
Gross Margin	31.05%	-10.82%	39.36%	44%	45.35%	49%	47.68%	52.15%	56.45%	51.15%
Net Margin	-10.35%	-44.99%	9.2%	16.76%	11.4%	20.3%	23.26%	38.09%	30.21%	21.78%
Debt / Equity	0.10x	0.09x	0.04x	-	-	0.01x	-	-	-	-
Interest Coverage	-7.53x	-59.83x	20.82x	157.67x	-	-	-	-	-	-
FCF Conversion	-0.47x	-0.40x	0.55x	1.66x	1.83x	1.51x	0.87x	0.53x	1.71x	-0.29x
Revenue Growth	-2.58%	21.87%	10.22%	7.87%	-17.5%	-1.28%	29.08%	-2.55%	-27.48%	-32.2%

Revenue by Segment

	2013	2019	2020	2022	2023	2024
ODMProjectsMember	-	-	3.94M	-	-	-
ODMProjectsMember Growth	-	-	-	-	-	-
ODMComponentsMember	-	-	2.55M	-	-	-
ODMComponentsMember Growth	-	-	-	-	-	-
DistributionComponentsMember	-	-	208K	-	-	-
DistributionComponentsMember Growth	-	-	-	-	-	-
ODM Projects	-	4.01M	-	-	-	-
ODM Projects Growth	-	-	-	-	-	-
ODM Components	-	2.59M	-	-	-	-
ODM Components Growth	-	-	-	-	-	-
Distribution Components	-	185K	-	-	-	-
Distribution Components Growth	-	-	-	-	-	-

Revenue by Geography

	2013	2019	2020	2022	2023	2024
UNITED STATES	-	5.81M	-	8.1M	5.75M	3.87M
UNITED STATES Growth	-	-	-	-	-28.97%	-32.78%
KOREA, REPUBLIC OF	-	650K	-	209K	256K	194K
KOREA, REPUBLIC OF Growth	-	-	-	-	22.49%	-24.22%
CHINA	-	228K	-	96K	62K	58K
CHINA Growth	-	-	-	-	-35.42%	-6.45%
Other Foreign Countries Member	-	-	-	11K	27K	15K
Other Foreign Countries Member Growth	-	-	-	-	145.45%	-44.44%
TAIWAN	-	-	-	8K	10K	7K
TAIWAN Growth	-	-	-	-	25.00%	-30.00%
Asia	-	-	722K	-	-	-
Asia Growth	-	-	-	-	-	-
OtherMember	-	-	19K	-	-	-
OtherMember Growth	-	-	-	-	-	-
Other Foreign Countries	157K	51K	-	-	-	-
Other Foreign Countries Growth	-	-67.52%	-	-	-	-
TAIWAN, PROVINCE OF CHINA	-	45K	-	-	-	-
TAIWAN, PROVINCE OF CHINA Growth	-	-	-	-	-	-
United States	5.64M	-	-	-	-	-
United States Growth	-	-	-	-	-	-
Mexico	270K	-	-	-	-	-
Mexico Growth	-	-	-	-	-	-
Brazil	82K	-	-	-	-	-
Brazil Growth	-	-	-	-	-	-
Canada	59K	-	-	-	-	-
Canada Growth	-	-	-	-	-	-
Taiwan	49K	-	-	-	-	-
Taiwan Growth	-	-	-	-	-	-
China	9K	-	-	-	-	-
China Growth	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Taitron Components Incorporated (TAIT) has a price-to-earnings (P/E) ratio of 8.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Taitron Components Incorporated (TAIT) reported $3.5M in revenue for fiscal year 2024. This represents a 48% decrease from $6.8M in 2011.

Taitron Components Incorporated (TAIT) saw revenue decline by 32.2% over the past year.

Taitron Components Incorporated (TAIT) reported a net loss of $1.0M for fiscal year 2024.

Dividend & Returns

Yes, Taitron Components Incorporated (TAIT) pays a dividend with a yield of 15.26%. This makes it attractive for income-focused investors.

Taitron Components Incorporated (TAIT) has a return on equity (ROE) of 5.4%. This is below average, suggesting room for improvement.

Taitron Components Incorporated (TAIT) generated $0.7M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.