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Tungray Technologies Inc Class A Ordinary Shares (TRSG) 10-Year Financial Performance & Capital Metrics

TRSG • • Industrial / General
IndustrialsMetal FabricationPrecision Manufacturing & ToolingElectronic & Automotive Components
AboutTungray Technologies Inc., an engineer-to-order company, through its subsidiaries, provides customized industrial manufacturing solutions in China and Singapore. It offers customized industrial test and tooling solutions; welding equipment manufacturing; and direct drive and linear direct current motors. The company also designs, develops, and manufactures non- standard equipment, such as automated assembly equipment, precision testing equipment, tooling fixtures, etc., as well as researches, develops, designs, and manufactures induction brazing and hardening equipment, automatic welding equipment, linear motors, and DD motors; researches, develops, and sells intelligent robots and storage equipment; and installs industrial machinery and equipment, and mechanical engineering works. It provides its services to original equipment manufacturers in the industry sectors of semiconductors, printers, electronics, and home appliances. The company was incorporated in 2022 and is headquartered in Singapore, Singapore. Tungray Technologies Inc. operates as a subsidiary of Pegasus Automation Limited.Show more
  • Revenue $13M -10.8%
  • EBITDA -$7K -100.5%
  • Net Income -$480K -156.0%
  • EPS (Diluted) -0.02 -148.5%
  • Gross Margin 43.7% -6.5%
  • EBITDA Margin -0.05% -100.6%
  • Operating Margin -5.12% -165.4%
  • Net Margin -3.75% -162.8%
  • ROE -2.87% -146.2%
  • ROIC -5.19% -138.4%
  • Debt/Equity 0.15 -6.2%
  • Interest Coverage -
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Healthy dividend yield of 2.6%
  • ✓Healthy 5Y average net margin of 11.3%
  • ✓Trading at only 1.2x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 12 (bottom 12%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-0.48%
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-

EPS CAGR

10Y-
5Y-
3Y-
TTM-

ROCE

10Y Avg13.27%
5Y Avg13.27%
3Y Avg7.24%
Latest-3.45%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
HIHOHighway Holdings Limited5.06M1.1045.6417.26%0.97%1.08%0.13
LNKSLinkers Industries Limited3.7M0.34-2.25-34.55%-8.91%-11%23.38%0.34
CMPOCompoSecure, Inc.7.31B25.25-20.707.67%-134.84%-142.1%1.67%
TRSGTungray Technologies Inc Class A Ordinary Shares14.62M1.24-56.36-10.81%1.6%2.52%0.15

Profit & Loss

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+6.89M13M11.85M14.36M12.81M
Revenue Growth %-0.89%-0.09%0.21%-0.11%
Cost of Goods Sold+3.57M6.25M5.18M7.65M7.21M
COGS % of Revenue0.52%0.48%0.44%0.53%0.56%
Gross Profit+3.33M6.75M6.67M6.71M5.6M
Gross Margin %0.48%0.52%0.56%0.47%0.44%
Gross Profit Growth %-1.03%-0.01%0.01%-0.17%
Operating Expenses+2.18M3.26M4.34M5.61M6.25M
OpEx % of Revenue0.32%0.25%0.37%0.39%0.49%
Selling, General & Admin2.7M3.71M5.15M4.82M5.19M
SG&A % of Revenue0.39%0.29%0.44%0.34%0.41%
Research & Development227.39K498.08K601.32K791.76K1.06M
R&D % of Revenue0.03%0.04%0.05%0.06%0.08%
Other Operating Expenses253.37K315.34K222.42K00
Operating Income+1.14M3.49M2.33M1.12M-656.1K
Operating Margin %0.17%0.27%0.2%0.08%-0.05%
Operating Income Growth %-2.05%-0.33%-0.52%-1.58%
EBITDA+1.35M3.9M2.59M1.36M-6.76K
EBITDA Margin %0.2%0.3%0.22%0.09%-0%
EBITDA Growth %-1.89%-0.34%-0.48%-1%
D&A (Non-Cash Add-back)204.23K411.51K259.94K233.27K649.34K
EBIT1.58M4.69M3.21M1.12M-656.1K
Net Interest Income+-295.11K-189.97K-35.7K-160.74K122.23K
Interest Income0000122.23K
Interest Expense295.11K189.97K35.7K160.74K0
Other Income/Expense-41.75K-1.11M-747.55K194.97K362.46K
Pretax Income+1.11M3.58M2.47M1.32M-293.63K
Pretax Margin %0.16%0.28%0.21%0.09%-0.02%
Income Tax+227.61K-525.89K375.12K504.18K278.08K
Effective Tax Rate %0.8%0.85%0.85%0.65%1.63%
Net Income+886.57K3.06M2.1M856.54K-480.02K
Net Margin %0.13%0.24%0.18%0.06%-0.04%
Net Income Growth %-2.45%-0.31%-0.59%-1.56%
Net Income (Continuing)886.57K4.11M2.88M815.65K-571.72K
Discontinued Operations00000
Minority Interest0-868-10.76K-86.81K-163.6K
EPS (Diluted)+0.050.190.130.05-0.02
EPS Growth %-2.48%-0.32%-0.65%-1.48%
EPS (Basic)0.050.190.130.05-0.02
Diluted Shares Outstanding16.25M16.25M16.25M16.35M16.35M
Basic Shares Outstanding16.25M16.25M16.25M16.35M16.35M
Dividend Payout Ratio--0.57%1.49%-

Balance Sheet

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+8.86M13.83M13.32M18.53M19.77M
Cash & Short-Term Investments4.61M8.41M9.79M10.8M8.97M
Cash Only4.61M8.41M9.79M10.8M8.97M
Short-Term Investments00000
Accounts Receivable2.99M3.4M2.22M3.81M3.52M
Days Sales Outstanding158.1195.5468.5596.77100.26
Inventory1.06M1.37M1.05M2.28M2.21M
Days Inventory Outstanding108.479.9173.85108.94111.65
Other Current Assets2.93M4.65M4.26M326.09K503.54K
Total Non-Current Assets+5.49M5.3M5.94M8.34M10.14M
Property, Plant & Equipment5.42M5.22M5.15M6.86M7.81M
Fixed Asset Turnover1.27x2.49x2.30x2.09x1.64x
Goodwill00000
Intangible Assets63.96K49.14K33.94K55.84K2.05M
Long-Term Investments00162.15K160.16K205.5K
Other Non-Current Assets-15.57K-12.69K529.89K1.27M79.09K
Total Assets+14.35M19.13M19.25M27.05M29.91M
Asset Turnover0.48x0.68x0.62x0.53x0.43x
Asset Growth %-0.33%0.01%0.41%0.11%
Total Current Liabilities+4.94M7.03M5.73M8.35M10.6M
Accounts Payable1.21M1.64M1.21M1.55M1.44M
Days Payables Outstanding123.8395.8585.473.8172.83
Short-Term Debt387.47K1.21M833.51K140.16K80.59K
Deferred Revenue (Current)759.95K1000K1000K1000K1000K
Other Current Liabilities4.25M3.04M2.44M65.07K40.4K
Current Ratio1.79x1.97x2.32x2.22x1.86x
Quick Ratio1.58x1.77x2.14x1.95x1.66x
Cash Conversion Cycle142.6879.657131.91139.08
Total Non-Current Liabilities+3.15M2.76M2.13M2.3M2.04M
Long-Term Debt2.69M2.37M2.37M1.95M1.16M
Capital Lease Obligations605.13K519.69K490.01K350.05K883.08K
Deferred Tax Liabilities00000
Other Non-Current Liabilities866.18K-134.21K-728.38K00
Total Liabilities8.09M9.79M7.86M10.65M12.65M
Total Debt+3.54M3.77M2.81M2.61M2.6M
Net Debt-1.08M-4.64M-6.98M-8.19M-6.37M
Debt / Equity0.57x0.40x0.25x0.16x0.15x
Debt / EBITDA2.62x0.97x1.09x1.92x-
Net Debt / EBITDA-0.80x-1.19x-2.69x-6.03x-
Interest Coverage3.88x18.37x65.26x7.00x-
Total Equity+6.25M9.34M11.39M16.25M17.26M
Equity Growth %-0.49%0.22%0.43%0.06%
Book Value per Share0.380.570.700.991.06
Total Shareholders' Equity6.25M9.34M11.4M16.33M17.42M
Common Stock1.14K1.11K1.12K1.5K1.64K
Retained Earnings9.57M12.38M11.23M15.96M15.05M
Treasury Stock00000
Accumulated OCI-3.57M-3.29M-77.58K35.46K-763.43K
Minority Interest0-868-10.76K-86.81K-163.6K

Cash Flow

Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+2.32M4.45M2.64M451.02K-811.89K
Operating CF Margin %0.34%0.34%0.22%0.03%-0.06%
Operating CF Growth %-0.92%-0.41%-0.83%-2.8%
Net Income886.57K3.06M2.1M856.54K-571.72K
Depreciation & Amortization204.23K411.51K259.94K387.72K649.34K
Stock-Based Compensation00000
Deferred Taxes-23.4K-23.73K-10.74K55.55K0
Other Non-Cash Items-1M2.02M-208.76K175.87K348.2K
Working Capital Changes1.09M843.15K249.16K-1.02M-1.24M
Change in Receivables1.95M-952.81K791.58K-1.22M666.74K
Change in Inventory-41.41K-382.37K217.58K-676.81K-117.16K
Change in Payables-331.92K301.24K-238.2K273.3K-65.68K
Cash from Investing+-443.46K-754.24K2.69M-81.75K-2.78M
Capital Expenditures-1.52M-153.55K-105.66K-43.25K-2.47M
CapEx % of Revenue0.22%0.01%0.01%0%0.19%
Acquisitions-----
Investments-----
Other Investing1.08M-600.69K2.96M-38.49K-317.12K
Cash from Financing+-503.76K-9.99K-3.78M-2.81M2.79M
Debt Issued (Net)-----
Equity Issued (Net)-----
Dividends Paid00-1.2M-1.28M-517.14K
Share Repurchases-----
Other Financing-370.52K-397.35K1.18M-1.99M-954.58K
Net Change in Cash-----
Free Cash Flow+797.55K4.3M2.53M369.77K-3.29M
FCF Margin %0.12%0.33%0.21%0.03%-0.26%
FCF Growth %-4.39%-0.41%-0.85%-9.91%
FCF per Share0.050.260.160.02-0.20
FCF Conversion (FCF/Net Income)2.61x1.46x1.26x0.53x1.69x
Interest Paid126.22K193.39K155.05K91.28K66.86K
Taxes Paid424.89K268.08K390.94K664.26K746.04K

Key Ratios

Metric20202021202220232024
Return on Equity (ROE)14.18%39.23%20.24%6.2%-2.87%
Return on Invested Capital (ROIC)16.58%52.99%38.35%13.54%-5.19%
Gross Margin48.27%51.91%56.3%46.73%43.7%
Net Margin12.86%23.53%17.71%5.96%-3.75%
Debt / Equity0.57x0.40x0.25x0.16x0.15x
Interest Coverage3.88x18.37x65.26x7.00x-
FCF Conversion2.61x1.46x1.26x0.53x1.69x
Revenue Growth-88.59%-8.87%21.25%-10.81%

Frequently Asked Questions

Growth & Financials

Tungray Technologies Inc Class A Ordinary Shares (TRSG) reported $27.2M in revenue for fiscal year 2024. This represents a 294% increase from $6.9M in 2020.

Tungray Technologies Inc Class A Ordinary Shares (TRSG) saw revenue decline by 10.8% over the past year.

Yes, Tungray Technologies Inc Class A Ordinary Shares (TRSG) is profitable, generating $0.4M in net income for fiscal year 2024 (-3.7% net margin).

Dividend & Returns

Yes, Tungray Technologies Inc Class A Ordinary Shares (TRSG) pays a dividend with a yield of 2.55%. This makes it attractive for income-focused investors.

Tungray Technologies Inc Class A Ordinary Shares (TRSG) has a return on equity (ROE) of -2.9%. Negative ROE indicates the company is unprofitable.

Tungray Technologies Inc Class A Ordinary Shares (TRSG) had negative free cash flow of $3.1M in fiscal year 2024, likely due to heavy capital investments.

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