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Trio-Tech International
(NYSE MKT:TRT)
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Rating:51Neutral
Price Target:
$10.50
▲(62.54% Upside)
Action:Reiterated
Date:07/11/26
The score is primarily held back by deteriorating operating performance (declining revenue and compressed margins) and weak technical momentum (negative MACD; trading below 20/50-day averages). A low-debt balance sheet and a return to positive free cash flow provide some stabilization, while valuation is a key negative due to the very high P/E and no dividend yield. Corporate actions are slightly positive overall but include dilution risk from the equity raise.
Positive Factors
Conservative balance sheet
The very low leverage and sizable equity base provide durable financial flexibility: the company can fund operations, absorb semiconductor cyclicality, and pursue targeted investments without relying on heavy debt. This reduces bankruptcy risk and preserves strategic optionality over months.
Negative Factors
Declining revenue and compressed margins
A sustained ~15% revenue fall and sharp margin compression materially weaken earnings power and operating leverage. Lower gross and EBITDA margins reduce the cushion for cost variability and make profitability fragile unless demand or pricing stabilizes across the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
The very low leverage and sizable equity base provide durable financial flexibility: the company can fund operations, absorb semiconductor cyclicality, and pursue targeted investments without relying on heavy debt. This reduces bankruptcy risk and preserves strategic optionality over months.
Read all positive factors
Trio-Tech International (TRT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$104.87M
Dividend YieldN/A
Average Volume (3M)24.61K
Price to Earnings (P/E)256.4
Beta (1Y)0.44
Revenue Growth64.13%
EPS Growth1224.00%
CountryUS
Employees673
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)0.04
Shares Outstanding10,112,599
10 Day Avg. Volume49,918
30 Day Avg. Volume24,607
Financial Highlights & Ratios
PEG Ratio5.44
Price to Book (P/B)0.68
Price to Sales (P/S)0.63
P/FCF Ratio-38.84
Enterprise Value/Market Cap1.32
Enterprise Value/Revenue2.37
Enterprise Value/Gross Profit13.47
Enterprise Value/Ebitda44.50
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Trio-Tech International Business Overview & Revenue Model
Company Description
Trio-Tech International (TRT), operating through its various subsidiaries, is a diversified company that supplies the semiconductor industry with a comprehensive range of manufacturing, testing, and distribution services. Its Testing Services divi...
How the Company Makes Money
TRT makes money primarily by selling services and, to a lesser extent, products to semiconductor and electronics customers. Key revenue streams include (1) testing and burn-in services: fees charged to customers for running reliability, environmen...
Trio-Tech International Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
74
Positive
Cash Flow
53
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 58.34M | 36.47M | 42.31M | 43.25M | 44.06M | 32.46M |
| Gross Profit | 10.27M | 9.14M | 10.76M | 11.71M | 11.73M | 7.67M |
| EBITDA | 3.11M | 2.96M | 5.94M | 7.58M | 6.25M | 2.29M |
| Net Income | 348.00K | -41.00K | 1.05M | 1.54M | 2.40M | -591.00K |
Balance Sheet | ||||||
| Total Assets | 44.72M | 41.07M | 42.54M | 42.19M | 43.42M | 38.31M |
| Cash, Cash Equivalents and Short-Term Investments | 16.35M | 16.71M | 16.53M | 14.21M | 13.12M | 12.49M |
| Total Debt | 3.39M | 1.73M | 2.85M | 4.11M | 6.06M | 4.46M |
| Total Liabilities | 12.25M | 7.08M | 10.96M | 12.62M | 15.42M | 12.25M |
| Stockholders Equity | 34.33M | 34.03M | 31.33M | 29.41M | 27.87M | 25.63M |
Cash Flow | ||||||
| Free Cash Flow | 221.00K | -596.00K | 2.17M | 3.61M | 655.00K | 526.00K |
| Operating Cash Flow | 1.65M | 371.00K | 2.72M | 8.11M | 2.12M | 1.64M |
| Investing Cash Flow | 2.23M | 167.00K | -113.00K | -6.07M | -444.00K | -567.00K |
| Financing Cash Flow | -2.98M | -40.00K | -90.00K | -1.24M | 911.00K | -2.00K |
Trio-Tech International Technical Analysis
Neutral
6.46
Price Trends
12.47
Negative
9.51
Positive
7.13
Positive
Market Momentum
-0.50
Positive
44.00
Neutral
39.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TRT, the sentiment is Neutral. The current price of 6.46 is below the 20-day moving average (MA) of 11.90, below the 50-day MA of 12.47, and below the 200-day MA of 7.13, indicating a neutral trend. The MACD of -0.50 indicates Positive momentum. The RSI at 44.00 is Neutral, neither overbought nor oversold. The STOCH value of 39.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TRT.
Trio-Tech International Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $326.25M | 111.14 | 3.70% | ― | -13.20% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | $38.82M | 0.61 | -2573.87% | ― | -38.72% | 16.01% | |
54 Neutral | $13.46M | -5.73 | -45.37% | ― | 133.48% | -92.38% | |
53 Neutral | $189.73M | 328.66 | 0.57% | ― | -5.04% | ― | |
52 Neutral | $47.78M | -0.29 | -134.56% | ― | -34.03% | ― | |
51 Neutral | $104.87M | 256.44 | 1.02% | ― | 64.13% | 1224.00% |
* Technology Sector Average
TRT
Trio-Tech International
10.37
7.67
284.07%
ASYS
Amtech Systems
18.66
14.02
302.16%
INTT
inTEST
15.10
7.98
112.08%
PXLW
Pixelworks
6.10
-1.89
-23.65%
LEDS
SemiLEDs
1.63
-0.98
-37.55%
SQNS
Sequans Communications S A
3.19
-50.71
-94.08%
Trio-Tech International Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Trio-Tech Updates Bylaws and Governance Framework
Positive
Jul 10, 2026
On July 7, 2026, Trio-Tech International, Inc.’s Board of Directors approved the Third Amended and Restated Bylaws, which took effect immediately and introduce detailed notice and procedural requirements for shareholder director nominations ...
Business Operations and Strategy
Trio-Tech Signs Major Industrial Lease in Malaysia
Positive
May 4, 2026
On April 28, 2026, Trio-Tech International’s Malaysian subsidiary entered into a lease agreement for approximately 104,000 square feet of industrial space in Perai, Penang, with the term running from June 1, 2026, to May 30, 2028. The deal, ...
Business Operations and StrategyPrivate Placements and Financing
Trio-Tech Raises Capital via Registered Direct Equity Offering
Positive
Apr 27, 2026
On April 24, 2026, Trio-Tech International entered into securities purchase agreements with institutional investors for a registered direct offering of 1,052,632 common shares at $9.50 per share, raising approximately $10 million in gross proceeds...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.