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Technology · Semiconductors · United States · Updated May 11, 10:10am
$13.39
Price
$134.1M
Market Cap
673
Employees
1.99
Beta
Siew Wai Yong
CEO
Business Description
Trio-Tech International, together with its subsidiaries, provides manufacturing, testing, and distribution services to the semiconductor industry. The company's Testing Services segment offers stabilization bake, thermal shock, temperature cycling, mechanical shock, constant acceleration, gross and fine leak, electrical, static and dynamic burn-in, and vibration testing, as well as reliability lab and microprocessor equipment contract cleaning services. This segment also provides qualification testing services that test small samples of output from manufacturers for qualification of their processes and devices. Its Manufacturing segment manufactures front-end semiconductor test equipment, such as artic temperature-controlled wafer chucks used for test, characterization, and failure analysis of semiconductor wafers and other components; and wet process stations for cleaning, rinsing, and drying semiconductor wafers, flat panel display magnetic disks, and other microelectronic substrates. This segment also manufactures back-end products comprising autoclaves and highly accelerated stress test equipment; burn-in equipment and boards; and component centrifuges and leak detection equipment. The company's Distribution segment distributes complementary products, including environmental chambers, handlers, interface systems, vibration systems, shaker systems, solderability testers, and other semiconductor equipment, as well as components, such as connectors, sockets, LCD display panels, and touch-screen panels. Its Real Estate segment invests in and rents real estate properties. The company primarily serves semiconductor chip manufacturers or testing facilities that purchase testing equipment. The company operates in the United States, Singapore, Malaysia, Thailand, and China. Trio-Tech International was incorporated in 1958 and is headquartered in Van Nuys, California.
Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-2,789.58
Stock Price: $13.39
EPS (Diluted): 0.00
EPS (Diluted): 0.00
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.68
Stock Price: $13.39
Total Equity: $34.03M
Shares: 8,728,000
Total Equity: $34.03M
Shares: 8,728,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
54.47
Market Cap: $134.11M
Total Debt: $825,000
Cash: $10.89M
EBITDA: $2.96M
Total Debt: $825,000
Cash: $10.89M
EBITDA: $2.96M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$14.0M
Market Cap: $134.11M
Total Debt: $825,000
Cash: $10.89M
Total Debt: $825,000
Cash: $10.89M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
25.1%
Gross Profit: $9.14M
Revenue: $36.47M
Revenue: $36.47M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
0.7%
Operating Income: $254,000
Revenue: $36.47M
Revenue: $36.47M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-0.1%
Net Income: -$41,000
Revenue: $36.47M
Revenue: $36.47M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-0.3%
Net Income: -$41,000
Total Equity: $34.03M
Total Equity: $34.03M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
0.3%
Operating Income: $254,000
Tax Rate: 97.1%
Equity: $34.03M
Total Debt: $825,000
Cash: $10.89M
Tax Rate: 97.1%
Equity: $34.03M
Total Debt: $825,000
Cash: $10.89M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
5.03
Current Assets: $31.58M
Current Liabilities: $6.28M
Current Liabilities: $6.28M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.02
Short-Term Debt: $397,000
Long-Term Debt: $428,000
Total Debt: $825,000
Total Equity: $34.03M
Long-Term Debt: $428,000
Total Debt: $825,000
Total Equity: $34.03M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$4.18
Revenue: $36.47M
Shares: 8,728,000
Shares: 8,728,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$3.90
Total Equity: $34.03M
Shares: 8,728,000
Shares: 8,728,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.07
Operating CF: $371,000
CapEx: -$967,000
Shares: 8,728,000
CapEx: -$967,000
Shares: 8,728,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $13.39
Stock Price: $13.39
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$41,000
Net Income: -$41,000
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares TRT against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $32.5M | $44.1M | $43.3M | $42.3M | $36.5M |
| Cost of Revenue | $24.8M | $32.3M | $31.5M | $31.6M | $27.3M |
| Gross Profit | $7.7M | $11.7M | $11.7M | $10.8M | $9.1M |
| Operating Expenses | $7.7M | $9.4M | $9.5M | $9.7M | $8.9M |
| Operating Income | $-61,000 | $2.4M | $2.2M | $1.1M | $254,000 |
| Net Income | $-591,000 | $2.4M | $1.5M | $1.1M | $-41,000 |
| EBITDA | $2.3M | $6.3M | $7.6M | $5.9M | $3.0M |
| EPS | $-0.15 | $0.30 | $0.19 | $0.13 | $0.00 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $5.8M | $7.7M | $7.6M | $10.0M | $10.9M |
| Total Current Assets | $24.0M | $29.2M | $28.8M | $32.2M | $31.6M |
| Total Assets | $38.3M | $43.4M | $42.2M | $42.5M | $41.1M |
| Current Liabilities | $8.8M | $11.9M | $9.3M | $9.4M | $6.3M |
| Long-Term Debt | $1.6M | $1.3M | $877,000 | $613,000 | $428,000 |
| Total Liabilities | $12.3M | $15.4M | $12.6M | $11.0M | $7.1M |
| Total Equity | $25.6M | $27.9M | $29.4M | $31.3M | $34.0M |
| Retained Earnings | $6.8M | $9.2M | $10.8M | $11.8M | $12.0M |
Cash Flow (Annual)
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1.6M | $2.1M | $8.1M | $2.7M | $371,000 |
| Capital Expenditure | -$1.1M | -$1.5M | -$4.5M | $-542,000 | $-967,000 |
| Free Cash Flow | $526,000 | $655,000 | $3.6M | $2.2M | $-596,000 |
| Acquisitions (net) | $1.8M | -$1.0M | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $-572,000 | $0 | $0 | $0 |
| Net Change in Cash | $1.8M | $1.8M | $662,000 | $2.5M | $1.1M |
Growth Trends (YoY %)
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +35.7% | -1.8% | -2.2% | -13.8% |
| Gross Profit Growth | +53.0% | -0.2% | -8.1% | -15.0% |
| Operating Income Growth | +3,957.4% | -5.3% | -50.9% | -76.8% |
| Net Income Growth | +505.2% | -35.5% | -32.0% | -103.9% |
| EBITDA Growth | +173.4% | +21.2% | -21.6% | -50.2% |
Insider Trading (Recent)
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-04-29 | LIM HWEE POH | M-Exempt | 5,000.00 | $2.62 | $13,100 |
| 2026-04-29 | LIM HWEE POH | M-Exempt | 10,016.00 | $3.09 | $30,949 |
| 2026-04-29 | LIM HWEE POH | M-Exempt | 18,776.00 | $2.51 | $47,128 |
| 2026-04-29 | LIM HWEE POH | M-Exempt | 15,010.00 | $2.44 | $36,624 |
| 2026-04-29 | LIM HWEE POH | M-Exempt | 8,000.00 | $2.59 | $20,720 |
| 2026-04-29 | LIM HWEE POH | M-Exempt | 3,000.00 | $3.88 | $11,640 |
| 2026-04-29 | LIM HWEE POH | M-Exempt | 15,010.00 | $2.44 | $36,624 |
| 2026-04-29 | LIM HWEE POH | M-Exempt | 3,000.00 | $3.88 | $11,640 |
| 2026-04-29 | LIM HWEE POH | M-Exempt | 8,000.00 | $2.59 | $20,720 |
| 2026-04-29 | LIM HWEE POH | M-Exempt | 18,776.00 | $2.51 | $47,128 |
| 2026-04-29 | LIM HWEE POH | M-Exempt | 10,016.00 | $3.09 | $30,949 |
| 2026-04-29 | LIM HWEE POH | M-Exempt | 5,000.00 | $2.62 | $13,100 |
| 2026-04-17 | TING HOCK MING | S-Sale | 3,800.00 | $7.08 | $26,904 |
| 2026-04-20 | TING HOCK MING | S-Sale | 2,000.00 | $7.13 | $14,260 |
| 2026-04-15 | TING HOCK MING | S-Sale | 3,000.00 | $6.99 | $20,970 |
| 2026-04-16 | TING HOCK MING | S-Sale | 4,000.00 | $7.04 | $28,160 |
| 2026-04-13 | TING HOCK MING | S-Sale | 6,000.00 | $6.73 | $40,380 |
| 2026-04-14 | TING HOCK MING | S-Sale | 12,600.00 | $6.93 | $87,318 |
| 2026-04-09 | TING HOCK MING | S-Sale | 4,000.00 | $6.78 | $27,120 |
| 2026-02-25 | Srinivasan Anitha | M-Exempt | 7,015.00 | $3.09 | $21,676 |
Dividend History (Last 20)
| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2008-02-21 | $0.11 | |||
| 2006-12-13 | $0.10 | |||
| 2006-01-06 | $0.50 |
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27