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Trio-Tech International (TRT)



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Upturn Advisory Summary
06/30/2025: TRT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $0
1 Year Target Price $0
0 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -3.08% | Avg. Invested days 40 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 23.68M USD | Price to earnings Ratio 20.79 | 1Y Target Price - |
Price to earnings Ratio 20.79 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 0.97 | 52 Weeks Range 4.62 - 7.88 | Updated Date 06/29/2025 |
52 Weeks Range 4.62 - 7.88 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) - |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 0.05% | Operating Margin (TTM) -5.38% |
Management Effectiveness
Return on Assets (TTM) 0.03% | Return on Equity (TTM) 5.66% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 7966299 | Price to Sales(TTM) 0.67 |
Enterprise Value 7966299 | Price to Sales(TTM) 0.67 | ||
Enterprise Value to Revenue 0.22 | Enterprise Value to EBITDA 2.38 | Shares Outstanding 4312800 | Shares Floating 2365919 |
Shares Outstanding 4312800 | Shares Floating 2365919 | ||
Percent Insiders 45 | Percent Institutions 16.54 |
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 testing semiconductors, it evolved to provide comprehensive testing and burn-in services for various electronic components. The company expanded globally through strategic acquisitions and partnerships.
Core Business Areas
- Manufacturing: Design and manufacture of equipment for testing and burn-in, including chambers, handlers, and related systems for the semiconductor industry. This segment generates most of the revenue for the company.
- Testing Services: Provides testing and burn-in services for semiconductors and other electronic components. These services include environmental testing, qualification testing, and failure analysis.
- Distribution: Distribution of complementary products, focusing on equipment and supplies related to testing.
Leadership and Structure
S. W. Lim is the Chairman & CEO. The company operates with a functional organizational structure, including manufacturing, testing services, and distribution divisions. The leadership team includes executives in finance, operations, and marketing.
Top Products and Market Share
Key Offerings
- Product Name 1: Burn-in Systems: These systems stress-test integrated circuits to identify early failures. Market share data is not publicly disclosed but the market for this segment is highly fragmented. Key competitors include Aehr Test Systems (AEHR) and inTEST Corporation (INTT).
- Product Name 2: Testing Services: Trio-Tech provides comprehensive testing services. Market share information is difficult to determine. Major competitors include Intertek Group and Bureau Veritas.
Market Dynamics
Industry Overview
The semiconductor testing and burn-in market is influenced by the global demand for electronics, automotive components, and industrial equipment. It's driven by the increasing complexity of semiconductors and the need for high reliability.
Positioning
Trio-Tech International is a niche player in the semiconductor testing and burn-in market, focusing on specialized testing solutions. Its competitive advantages include its experience and established customer relationships.
Total Addressable Market (TAM)
The semiconductor testing equipment market is estimated to reach billions of USD. Trio-Tech is positioned to serve specific testing needs, capturing a fraction of the broader market. The TAM can be roughly estimated at $6-8 billion with fragmented competitors.
Upturn SWOT Analysis
Strengths
- Established reputation in testing and burn-in
- Strong expertise in specialized testing solutions
- Global presence
- Long-standing customer relationships
Weaknesses
- Relatively small size compared to larger competitors
- Dependence on the cyclical semiconductor industry
- Limited R&D investment relative to competitors
- Concentration of revenue in specific geographic areas
Opportunities
- Expansion into new geographic markets
- Development of new testing technologies
- Increased demand for testing due to complex semiconductors
- Strategic partnerships to expand product offerings
Threats
- Economic downturns affecting semiconductor demand
- Intense competition from larger companies
- Rapid technological changes
- Geopolitical risks
Competitors and Market Share
Key Competitors
- AEHR
- INTT
- ADSK
Competitive Landscape
Trio-Tech International faces intense competition from larger, more established players. Their advantage lies in their specialized solutions and long-term customer relationships.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been modest with revenue fluctuations. Profitability has been a challenge.
Future Projections: Analyst estimates for future growth are not widely available for Trio-Tech International. Improving semiconductor market conditions could benefit the company. They will continue to work on cost saving measures to keep the company profitable.
Recent Initiatives: Recent initiatives include cost optimization programs and investments in new testing technologies.
Summary
Trio-Tech International is a niche player in the semiconductor testing market, with strengths in specialized testing solutions and established customer relationships. The company faces challenges due to its small size, dependence on the cyclical semiconductor industry, and intense competition. Recent cost optimization programs and strategic initiatives aim to improve profitability and drive growth. The company's financial position is weak and volatile. Further acquisitions will help keep it more competitive.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports
- Market Research Reports
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It should not be considered investment advice.
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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