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Richardson Electronics Ltd (RELL)



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Upturn Advisory Summary
08/28/2025: RELL (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $11.5
1 Year Target Price $11.5
0 | Strong Buy |
0 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 40.12% | Avg. Invested days 48 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 144.82M USD | Price to earnings Ratio - | 1Y Target Price 11.5 |
Price to earnings Ratio - | 1Y Target Price 11.5 | ||
Volume (30-day avg) 1 | Beta 0.98 | 52 Weeks Range 7.47 - 15.24 | Updated Date 08/29/2025 |
52 Weeks Range 7.47 - 15.24 | Updated Date 08/29/2025 | ||
Dividends yield (FY) 2.40% | Basic EPS (TTM) -0.08 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -0.55% | Operating Margin (TTM) -1.18% |
Management Effectiveness
Return on Assets (TTM) 0.39% | Return on Equity (TTM) -0.73% |
Valuation
Trailing PE - | Forward PE 26.6 | Enterprise Value 111196300 | Price to Sales(TTM) 0.69 |
Enterprise Value 111196300 | Price to Sales(TTM) 0.69 | ||
Enterprise Value to Revenue 0.53 | Enterprise Value to EBITDA 16.77 | Shares Outstanding 12433000 | Shares Floating 11955860 |
Shares Outstanding 12433000 | Shares Floating 11955860 | ||
Percent Insiders 3.91 | Percent Institutions 69.15 |
Upturn AI SWOT
Richardson Electronics Ltd

Company Overview
History and Background
Richardson Electronics, Ltd. was founded in 1947 as a distributor of electron tubes. Over time, it has evolved into a global provider of engineered solutions, power grid and microwave tubes, and related consumables; power conversion and RF and microwave components; high-value displays; and replacement parts for diagnostic imaging equipment.
Core Business Areas
- Power & Microwave Technologies Group: Designs and distributes power grid and microwave tubes, RF and microwave components, and related consumables for a variety of applications, including radar, communications, industrial heating, and medical equipment.
- Canvys: Develops and manufactures high-value display solutions for medical, industrial, and other specialized markets.
- Healthcare: Provides replacement parts, primarily replacement tubes for diagnostic imaging equipment.
Leadership and Structure
Edward Richardson serves as Chairman of the Board. Greg Peloquin is the Chief Executive Officer. The company has a typical corporate structure with executive leadership overseeing various functional departments and business units.
Top Products and Market Share
Key Offerings
- Power Grid Tubes: Richardson Electronics provides a wide variety of power grid tubes used in industrial heating, broadcast, and radar applications. Market share data is not publicly disclosed. Competitors include CPI International, Thales, and L3Harris Technologies.
- Microwave Tubes: Richardson Electronics supplies magnetrons, klystrons, and other microwave tubes for radar, communications, and medical applications. Market share data is not publicly disclosed. Competitors include CPI International and L3Harris Technologies.
- Display Solutions (Canvys): Canvys provides custom display solutions for medical, industrial, and other specialized markets. Market share data is not publicly disclosed; this is a very fragmented market. Competitors include Advantech, Siemens, and Planar Systems (Leyard).
- Healthcare Replacement Parts: Sells replacement parts, predominantly replacement tubes, for medical diagnostic imaging equipment such as CT scanners. No available market share. Competitors include Dunlee(Philips) and Toshiba Electron Tubes.
Market Dynamics
Industry Overview
The industry is characterized by technological advancements, increasing demand for reliable power and microwave solutions, and growing applications of display technologies in various sectors. The healthcare segment faces pressure from cost containment measures but continues to grow slowly due to the installed base of equipment.
Positioning
Richardson Electronics positions itself as a value-added distributor and solutions provider with a focus on technical expertise and customer service. They hold a strong niche position for products where they can add customer value.
Total Addressable Market (TAM)
The total addressable market is difficult to quantify precisely due to the diverse segments Richardson serves. Estimates suggest the combined markets could be in the billions of dollars. Richardson targets specific niches within these larger markets, focusing on high-value applications and customers.
Upturn SWOT Analysis
Strengths
- Strong distribution network
- Technical expertise and customer service
- Diverse product portfolio
- Established relationships with key suppliers
- Global presence
Weaknesses
- Dependence on key suppliers
- Vulnerability to economic cycles
- Relatively small size compared to major competitors
- Healthcare revenue fluctuations
Opportunities
- Expanding into new geographic markets
- Developing new products and solutions
- Acquiring complementary businesses
- Leveraging technological advancements
- Growth in the medical imaging market
Threats
- Competition from larger players
- Technological obsolescence
- Economic downturns
- Supply chain disruptions
- Fluctuations in currency exchange rates
Competitors and Market Share
Key Competitors
- CPII
- TDY
Competitive Landscape
Richardson Electronics competes primarily on technical expertise, customer service, and specialized solutions. Larger competitors have broader product portfolios and greater financial resources.
Major Acquisitions
Imaging Technology International
- Year: 2016
- Acquisition Price (USD millions): 16
- Strategic Rationale: Expanded Richardson's Healthcare business and provided access to new markets and technologies.
Growth Trajectory and Initiatives
Historical Growth: Richardson's growth has been moderate, influenced by economic conditions and industry trends. The healthcare sector shows slow and steady growth, while the Power & Microwave sector is prone to more fluctuation with economic conditions.
Future Projections: Future growth is expected to be driven by expansion into new markets, the development of innovative products, and strategic acquisitions. Analyst estimates vary depending on market conditions.
Recent Initiatives: Recent initiatives include expanding its Canvys display solutions business and focusing on high-value applications within the Power & Microwave Technologies Group.
Summary
Richardson Electronics is a diversified electronics solutions provider with a strong distribution network and technical expertise. The company's growth has been moderate, and it faces competition from larger players. Its strength lies in its customer service and focus on specialized solutions, while weaknesses include dependence on suppliers and vulnerability to economic cycles. Recent initiatives may drive future growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Richardson Electronics Investor Relations
- SEC Filings (10-K, 10-Q)
- Market Research Reports
- Company Press Releases
- Yahoo Finance
Disclaimers:
This analysis is based on publicly available information and should not be considered financial advice. Market conditions and company performance can change rapidly. Conduct thorough research before making any investment decisions.
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 Richardson Electronics Ltd
Exchange NASDAQ | Headquaters LaFox, IL, United States | ||
IPO Launch date 1990-03-26 | Chairman, CEO & President Mr. Edward J. Richardson | ||
Sector Technology | Industry Electronic Components | Full time employees 396 | Website https://www.rell.com |
Full time employees 396 | Website https://www.rell.com |
Richardson Electronics, Ltd. provides engineered solutions, power grid and microwave tube, and related consumables in North America, the Asia Pacific, Europe, and Latin America. The company's Power and Microwave Technologies segment manufactures electron tubes and radio frequency (RF), microwave and power components used in semiconductor manufacturing equipment, RF, and wireless and industrial power applications, as well as various applications, including broadcast transmission, CO2 laser cutting, diagnostic imaging, dielectric and induction heating, energy transfer, high voltage switching, plasma, power conversion, radar, and radiation oncology. This segment also provides thyratrons and rectifiers, power tubes, ignitrons, magnetrons, phototubes, microwave generators, ultracapacitor modules, and liquid crystal display monitors under the Amperex, Cetron, and National brands. Its Green Energy Solutions segment operates as a designer, manufacturer, technology partner, and distributor of products for green energy applications, such as wind, solar, hydrogen, and electric vehicles; and other power management applications that support green solutions comprising synthetic diamond manufacturing. The company's Canvys segment provides custom display solutions consisting of touch screens, protective panels, custom enclosures, all-in-one computers, specialized cabinet finishes and application-specific software packages, and certification. Its Healthcare segment offers diagnostic imaging replacement parts for CT and MRI systems, replacement CT and MRI tubes, CT service training, MRI and RF amplifiers, hydrogen thyratrons, klystrons, flat panel detector upgrades, pre-owned CT systems, and replacement solutions for the healthcare market. The company serves energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The company was founded in 1947 and is headquartered in LaFox, Illinois.

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