Trio-Tech International (TRT) AI Stock Analysis

• Market Cap: $56.04M
• Dividend Yield: N/A
• Average Volume (3M): 24.61K
• Price to Earnings (P/E): 236.3
• Beta (1Y): 0.22
• Revenue Growth: 0.10%
• EPS Growth: -54.98%
• Country: US
• Employees: 673
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 0.02
• Shares Outstanding: 4,350,555
• 10 Day Avg. Volume: 49,918
• 30 Day Avg. Volume: 24,607
• PEG Ratio: -0.65
• Price to Book (P/B): 0.68
• Price to Sales (P/S): 0.63
• P/FCF Ratio: -38.84
• Enterprise Value/Market Cap: 0.14
• Enterprise Value/Revenue: 0.18
• Enterprise Value/Gross Profit: 0.82
• Enterprise Value/Ebitda: 2.43
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 67 Neutral
• Price Target: $11.00 ▲(6.69% Upside)

Trio-Tech International's overall score is driven by strong technical momentum and positive corporate events, such as the stock split and acquisition. However, high valuation concerns and inconsistent cash flow generation weigh on the score. The company's solid revenue growth and low leverage provide stability, but profitability challenges remain.

Positive Factors

Revenue Growth

The strong revenue growth indicates a robust demand for Trio-Tech's services and products, suggesting a solid market position and potential for continued expansion.

Balance Sheet Health

A low debt-to-equity ratio reflects minimal leverage and financial risk, providing Trio-Tech with flexibility to invest in growth opportunities and weather economic fluctuations.

Strategic Acquisition

The acquisition consolidates operations in Malaysia, enhancing market position and operational efficiency, which can lead to improved profitability and competitive advantage.

Negative Factors

Profitability Challenges

Persistently low net profit margins indicate difficulties in managing costs or pricing, which could hinder long-term profitability and shareholder returns.

Inconsistent Cash Flow

Inconsistent cash flow generation raises concerns about the company's ability to fund operations and growth initiatives, potentially impacting financial stability.

Low Return on Equity

A low return on equity indicates that the company is not effectively using shareholder capital to generate profits, which could deter investment and affect growth prospects.

Trio-Tech International Business Overview & Revenue Model

Company Description

Trio-Tech International (TRT) is a diversified technology company specializing in providing semiconductor test services, burn-in services, and advanced packaging solutions. Operating primarily in the semiconductor and electronics sectors, TRT also engages in the manufacture and sale of test equipment and related products. The company serves a global clientele, offering innovative solutions that enhance the performance and reliability of electronic components and systems.

How the Company Makes Money

Trio-Tech International generates revenue through several key streams. Primarily, the company earns income from its semiconductor test services, where clients pay for the testing and validation of their semiconductor products. Additionally, TRT's burn-in services, which involve stressing semiconductor devices to identify potential issues before market release, contribute significantly to its earnings. The sale of advanced packaging solutions and test equipment also forms a crucial part of their revenue model. Strategic partnerships with major semiconductor manufacturers and technology firms enhance TRT's market presence and drive consistent business growth. Furthermore, the company may benefit from long-term contracts with clients, providing a steady stream of income and increasing operational stability.

Trio-Tech International Financial Statement Overview

Summary

Trio-Tech International shows strong revenue growth and improved gross profit margins, indicating effective cost management. However, low net profit margins and inconsistent cash flow generation highlight challenges in profitability and cash efficiency. The company's low leverage and strong equity position provide financial stability.

Income Statement

Trio-Tech International shows a positive revenue growth rate of 15.67% in the TTM period, indicating a strong recovery from previous declines. The gross profit margin improved significantly to 35.27%, reflecting better cost management. However, the net profit margin remains low at 1.82%, suggesting challenges in converting revenue into net income. The EBIT and EBITDA margins are also relatively low, indicating room for improvement in operational efficiency.

Balance Sheet

The company maintains a strong balance sheet with a low debt-to-equity ratio of 0.023, indicating minimal leverage and financial risk. The return on equity is modest at 1.47%, suggesting limited profitability relative to shareholder equity. The equity ratio is healthy, reflecting a solid capital structure with a significant portion of assets financed by equity.

Cash Flow

Cash flow performance is mixed, with a significant decline in free cash flow growth (-471.98%) in the TTM period, raising concerns about cash generation. The operating cash flow to net income ratio is 0.26, indicating moderate cash flow efficiency. The free cash flow to net income ratio is relatively strong at 0.70, suggesting that a good portion of net income is converted into free cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	42.19M	36.47M	42.31M	43.25M	44.06M	32.46M
Gross Profit	9.41M	9.14M	10.76M	11.71M	11.73M	7.67M
EBITDA	3.18M	2.96M	5.94M	7.58M	6.25M	2.29M
Net Income	272.00K	-41.00K	1.05M	1.54M	2.40M	-591.00K
Balance Sheet
Total Assets	47.38M	41.07M	42.54M	42.19M	43.42M	38.31M
Cash, Cash Equivalents and Short-Term Investments	18.18M	16.71M	16.53M	14.21M	13.12M	12.49M
Total Debt	2.06M	1.73M	2.85M	4.11M	6.06M	4.46M
Total Liabilities	13.23M	7.08M	10.96M	12.62M	15.42M	12.25M
Stockholders Equity	34.06M	34.03M	31.33M	29.41M	27.87M	25.63M
Cash Flow
Free Cash Flow	2.22M	-596.00K	2.17M	3.61M	655.00K	526.00K
Operating Cash Flow	3.16M	371.00K	2.72M	8.11M	2.12M	1.64M
Investing Cash Flow	738.00K	167.00K	-113.00K	-6.07M	-444.00K	-567.00K
Financing Cash Flow	-166.00K	-40.00K	-90.00K	-1.24M	911.00K	-2.00K

Trio-Tech International Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 10.31
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TRT, the sentiment is Positive. The current price of 10.31 is above the 20-day moving average (MA) of 9.83, above the 50-day MA of 8.35, and above the 200-day MA of 6.24, indicating a bullish trend. The MACD of 1.13 indicates Negative momentum. The RSI at 84.77 is Negative, neither overbought nor oversold. The STOCH value of 93.21 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TRT.

Trio-Tech International Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TRT	67 Neutral	$56.04M	236.32	0.84%	―	0.10%	-54.98%
ASYS	66 Neutral	$179.17M	-6.01	-44.68%	―	-21.59%	-254.69%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
INTT	56 Neutral	$92.75M	-40.41	-2.24%	―	-2.20%	-204.45%
PXLW	46 Neutral	$41.54M	-1.44	―	―	-38.72%	16.01%
LEDS	45 Neutral	$14.81M	-12.45	-45.37%	―	729.81%	61.92%
SQNS	43 Neutral	$74.37M	―	-18.19%	―	2.80%	―

Trio-Tech International Corporate Events

Trio-Tech International Announces 2-for-1 Forward Stock Split

On December 19, 2025, Trio-Tech International announced that its board had approved a 2-for-1 forward stock split of its outstanding common stock, to be implemented via an amendment to its Articles of Incorporation. Shareholders of record at the close of trading on December 29, 2025, are scheduled to receive one additional share for each share held after the close on January 2, 2026, with trading expected to begin on a split-adjusted basis on January 5, 2026, and fractional shares to be rounded up. The company’s chairman and CEO framed the move as a signal of confidence in Trio-Tech’s long-term growth prospects and a step toward improving share liquidity and making the stock more accessible to a broader investor base, potentially enhancing market participation and shareholder value without changing the total authorized share count.

Trio-Tech Elects Directors at Annual Meeting

On December 10, 2025, Trio-Tech International, Inc. held its 2025 Annual Meeting of Stockholders where several key proposals were voted upon. Stockholders elected S. W. Yong, Richard M. Horowitz, Victor H. M. Ting, and Jason T. Adelman as Directors. They also approved, on a non-binding advisory basis, the executive compensation and decided to hold advisory votes on executive compensation every three years. Additionally, the appointment of Mazars LLP as the independent registered public accounting firm for the fiscal year ending June 30, 2026, was ratified.

Trio-Tech Completes Acquisition of Malaysian Subsidiary

On December 3, 2025, Trio-Tech International, through its subsidiary Trio-Tech International Pte. Ltd., completed the acquisition of the remaining 50% equity interest in Trio-Tech (Malaysia) Sdn. Bhd., making it a wholly-owned subsidiary. This strategic move consolidates Trio-Tech’s operations in Malaysia, potentially strengthening its market position and operational efficiency.