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Trio-Tech International (TRT)



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Upturn Advisory Summary
04/01/2025: TRT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -24.4% | Avg. Invested days 37 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 29.28M USD | Price to earnings Ratio 53 | 1Y Target Price - |
Price to earnings Ratio 53 | 1Y Target Price - | ||
Volume (30-day avg) 6514 | Beta 1.03 | 52 Weeks Range 5.22 - 7.88 | Updated Date 02/17/2025 |
52 Weeks Range 5.22 - 7.88 | Updated Date 02/17/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.13 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 2.48% | Operating Margin (TTM) 3.41% |
Management Effectiveness
Return on Assets (TTM) 1.68% | Return on Equity (TTM) 3.74% |
Valuation
Trailing PE 53 | Forward PE - | Enterprise Value 11294938 | Price to Sales(TTM) 0.67 |
Enterprise Value 11294938 | Price to Sales(TTM) 0.67 | ||
Enterprise Value to Revenue 0.29 | Enterprise Value to EBITDA 2.67 | Shares Outstanding 4250300 | Shares Floating 2606372 |
Shares Outstanding 4250300 | Shares Floating 2606372 | ||
Percent Insiders 43.93 | Percent Institutions 16.89 |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Trio-Tech International

Company Overview
History and Background
Trio-Tech International was founded in 1958. Initially focused on semiconductor testing, it has evolved to provide a wider range of services including testing, burn-in, and qualification of semiconductor components. The company has expanded globally with facilities in multiple countries.
Core Business Areas
- Testing Services: Provides a comprehensive suite of testing services for semiconductors, including electrical, mechanical, and environmental testing.
- Burn-In Services: Offers burn-in services to identify and eliminate early failures in semiconductor devices.
- Equipment Sales: Sells equipment used in the testing and burn-in of semiconductors, including test chambers and burn-in systems.
- Manufacturing Services: Provides manufacturing services related to semiconductor components and modules.
Leadership and Structure
The leadership team consists of the CEO, CFO, and other senior executives responsible for different functional areas. The organizational structure is based on business units focused on testing, burn-in, and equipment sales. S.W. Yong is the current CEO.
Top Products and Market Share
Key Offerings
- Environmental Testing Services: Provides testing for semiconductor devices under various environmental conditions (temperature, humidity, vibration). Market share data is difficult to obtain precisely, but Trio-Tech is a well-established player. Competitors include companies offering similar testing services, such as Intertek and Eurofins Scientific.
- Burn-In Systems: Sells burn-in systems used to stress-test semiconductor components. Market share data is not readily available. Key competitors are companies that manufactures testing equipment such as Advantest and Teradyne.
- Test Chambers: Sells test chambers used to conduct reliability and environmental testing. Market share data is not readily available. Key competitors are companies that manufactures testing equipment such as Cincinnati Sub-Zero and Thermotron.
Market Dynamics
Industry Overview
The semiconductor testing market is driven by the increasing complexity and miniaturization of semiconductor devices. Demand is also influenced by the stringent reliability requirements in sectors like automotive, aerospace, and telecommunications.
Positioning
Trio-Tech is positioned as a provider of comprehensive testing and burn-in services, catering to the semiconductor industry and related sectors. Their competitive advantages include their experience, global presence, and broad service portfolio.
Total Addressable Market (TAM)
The global semiconductor testing services market is projected to be several billion dollars. Trio-Tech's positioning allows them to address a portion of this market, particularly in specialized testing and burn-in segments.
Upturn SWOT Analysis
Strengths
- Established industry experience
- Global presence
- Comprehensive service portfolio
- Strong customer relationships
- Reputation for Reliability
Weaknesses
- Dependence on semiconductor industry cycles
- Limited brand recognition compared to larger competitors
- Smaller scale can affect pricing competitiveness
- Concentration of revenue in specific markets
Opportunities
- Growing demand for advanced testing services
- Expansion into new geographic markets
- Development of new testing technologies
- Partnerships with semiconductor manufacturers
- Increase in electric vehicle (EV) production.
Threats
- Economic downturns
- Increased competition
- Rapid technological changes
- Supply chain disruptions
- Geopolitical Instability
Competitors and Market Share
Key Competitors
- ADYEN NV (ADYEY)
- Advantest Corp (ATEYY)
- Teradyne (TER)
- National Instruments (NATI)
Competitive Landscape
Trio-Tech's advantages include specialized expertise and global presence. Disadvantages include smaller scale and potential pricing pressures compared to larger competitors.
Major Acquisitions
Advanced Test Equipment Corp.
- Year: 2015
- Acquisition Price (USD millions): 1.7
- Strategic Rationale: Strengthened Trio-Tech's Burn-In System product line.
Growth Trajectory and Initiatives
Historical Growth: Trio-Tech's historical growth trends can be assessed by reviewing its revenue and profit growth over the past several years.
Future Projections: Future growth projections would typically come from analyst estimates, if available. These estimates may factor in industry trends and company-specific initiatives.
Recent Initiatives: Recent strategic initiatives might include acquisitions, expansions, or new service offerings.
Summary
Trio-Tech is a relatively small player in the semiconductor testing market. Its strengths lie in its experience and comprehensive service portfolio. However, it faces challenges from larger competitors and cyclical industry conditions, and recent acquisitions show their attempt to improve products.
Similar Companies
- ATEYY
- TER
- IHRT
Sources and Disclaimers
Data Sources:
- Company SEC filings
- Industry reports
- Financial news sources
- Company Website
Disclaimers:
This analysis is based on available public information and is not financial advice. Market conditions and company performance are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Trio-Tech International
Exchange NYSE MKT | Headquaters Van Nuys, CA, United States | ||
IPO Launch date 1995-04-24 | President, CEO & Chairman Mr. Siew Wai Yong | ||
Sector Technology | Industry Semiconductor Equipment & Materials | Full time employees 673 | Website https://www.triotech.com |
Full time employees 673 | Website https://www.triotech.com |
Trio-Tech International, together with its subsidiaries, offers manufacturing, testing, and distribution services to the semiconductor industry in the United States, Singapore, Malaysia, Thailand, and China. It operates through four segments: Manufacturing, Testing Services, Distribution, and Real Estate. The company develops and manufactures test equipment used in front-end and back-end manufacturing processes of semiconductors. It also offers equipment, which includes leak detectors, autoclaves, centrifuges, burn-in systems and boards, HAST testers, temperature-controlled chucks, wet benches, and others; and develops team integrated device manufacturers and fabless semiconductor companies in the testing process. In addition, the company provides electrical, environmental, and burn-in testing services to semiconductor manufacturers in testing laboratories, and end users of semiconductors and electronic components; support the asset-light strategy of customers by setting up test facilities; and providing component level, package level and system level testing services. Further, it distributes environmental chambers, mechanical shock and vibration testers, and other semiconductor equipment; components, such as connectors, sockets, cables, LCD displays, and touch screen panels; and invests in and rents real estate properties; as well as offers design consultancy and value-added services. The company serves automotive, avionics, defense, medical, research, and OEM/ODM manufacturers. Trio-Tech International was incorporated in 1958 and is headquartered in Van Nuys, California.
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