Trio-Tech International (TRT) AI Stock Analysis

Trio-Tech International provides manufacturing, testing, and distribution services to the semiconductor industry, as well as property investments through its Real Estate segment. Its Testing Services segment delivers environmental testing solutions such as thermal shock, temperature cycling, mechanical shock, and vibration testing, along with qualification testing and reliability lab services. The Manufacturing segment produces front-end semiconductor test equipment, including temperature-controlled wafer chucks and wet process stations, as well as back-end equipment like burn-in systems and autoclaves. The Distribution segment distributes semiconductor equipment, including environmental chambers and handlers across the United States, Singapore, Malaysia, Thailand, and China.

Trio-Tech generated a 5-year revenue CAGR of 1.1% from FY2020 to FY2025. Annual revenue expanded from $32.5M in FY2021 to $44.1M in FY2022 before contracting to $43.2M in FY2023, $42.3M in FY2024, and $36.5M in FY2025. Gross margin was 23.6% in FY2021, peaked at 27.1% in FY2023, and ended at 25.1% in FY2025. Operating margin shifted from -0.2% in FY2021 to a high of 5.3% in FY2022, settling at 0.7% in FY2025. Net income went from -$591,000 in FY2021 to $2.4M in FY2022, then fell to -$41,000 in FY2025. For the trailing twelve months, revenue reached $62.6M with an operating margin of -1.8%. In the latest quarter ended June 30, 2026, quarterly revenue grew 39.9% year-over-year while quarterly earnings declined 75.5%.

As of June 30, 2026, Trio-Tech held $21.4M in cash and short-term investments against $2.4M in total debt, yielding net cash of $19.1M. The company maintains a current ratio of 3.44 and a debt-to-equity ratio of 0.05, supported by $44.9M in shareholders' equity and $60.7M in total assets. In FY2025, operating cash flow totaled $371,000 and free cash flow was -$596,000. For FY2026, capital expenditures were $1.7M, while share buybacks were $12,000, with a 5-year share count change of 16.4%.

At a last close of $4.92 on October 16, 2026, Trio-Tech holds an enterprise value of $101.5M and a market cap of $51.1M. Its price-to-sales ratio of 0.8x is below the 2.8x median of its US-listed Technology peers. Conversely, its EV-to-EBITDA multiple of 32.6x trades at a premium to the peer median of 16.6x. The stock has a price-to-book ratio of 3.3x. Over the past year, the stock returned 33.0%, outperforming the S&P 500 return of 16.8%. Over five years, its 116.8% return exceeded the S&P 500 return of 83.0%.

Wall Street coverage includes 1 analyst for the next fiscal year. The mean price target is $17.00, representing a 245.5% difference from the last close of $4.92. For the current fiscal year ending June 30, 2027, consensus estimates project revenue of $79.4M and EPS of $0.25. For the next fiscal year, expectations are $99.5M in revenue, reflecting 25.3% growth, alongside an EPS estimate of $0.40, indicating 60.0% growth. The company's next earnings date is scheduled for November 13, 2026.

This page is an AI-written research summary of Trio-Tech International (TRT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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