Company Overview
Tungray Technologies Inc. operates as an engineer-to-order entity that delivers customized industrial manufacturing solutions across China and Singapore, focusing on test and tooling, welding equipment, and direct drive technologies. The company functions within the Industrials sector, specifically the Metal Fabrication industry, which implies a business model reliant on specialized production capabilities and client-specific engineering rather than mass-market commodities. Tungray Technologies Inc. currently holds a market capitalization of $21.26M while generating annual revenue of $14.82M with a workforce of 207 employees. These valuation and revenue figures indicate that the company operates as a small-cap industrial firm with a revenue scale that is substantial for its market cap, suggesting a high revenue-to-market-cap ratio often seen in niche manufacturing sectors.
Financial Health
The company reported a revenue of $14.82M for the trailing twelve months, resulting in a net income of $884,130 and an EBITDA of $1.02M, revealing a cost structure where operating expenses and taxes consume approximately 80% of total revenue before reaching the bottom line. The free cash flow is listed as N/A, which indicates that the specific cash generation metrics required to calculate this figure are not currently disclosed, limiting the immediate assessment of operational cash liquidity. Gross margin stands at 45.1%, demonstrating the company's ability to maintain high pricing power or efficient production costs relative to the cost of goods sold before operating expenses. Operating margin is recorded at 3.8%, suggesting that after accounting for administrative and selling expenses, the company retains a small portion of revenue to cover interest and taxes. Profit margin sits at 6.0%, which confirms that the final earnings available to shareholders represent a modest fraction of total sales, typical for capital-intensive fabrication businesses. Total cash holdings amount to $8.53M, while total debt is $3.12M, creating a net cash position that suggests a conservative balance sheet approach. The debt-to-equity ratio is 16.75, a figure that requires careful interpretation alongside the high current ratio to understand the company's leverage stance in the context of its asset base. Current ratio is 2.26, indicating that the company possesses more than twice the current assets necessary to cover its current liabilities, which points to strong short-term liquidity and the ability to meet obligations without distress. Return on equity is 4.2% and return on assets is 1.2%, metrics that reveal management effectiveness is currently low relative to the capital deployed, suggesting that the company is generating limited returns on the equity invested by shareholders and the total asset base utilized for operations.
Valuation Assessment
The trailing P/E ratio is 26.00, whereas the forward P/E is N/A, implying that analysts or the market currently lack sufficient projected earnings data to calculate a forward multiple, which prevents a direct comparison of expected earnings trajectory against historical performance. The price-to-book ratio is 1.13, indicating that the market values the company at a slight premium over its book value, suggesting investors are willing to pay slightly more than the net asset worth. The price-to-sales ratio is 1.43, and the EV/EBITDA stands at 15.32, suggesting that these alternative valuation metrics price the company as a high-revenue entity relative to its sales, though the EV/EBITDA multiple reflects a valuation that is moderately high compared to traditional industrial peers. The 52-week high is $2.48 and the 52-week low is $1.00, meaning the current price sits at a specific point within this range, reflecting the recent volatility experienced over the last year. The beta value is N/A, which means there is no available data to quantify the stock's price volatility relative to the broader market index, leaving the risk profile regarding market correlation undefined based on the provided financial data.
Growth & Income
Revenue growth year-over-year is 37.0%, while earnings growth year-over-year is N/A, indicating that while sales are expanding rapidly, the data required to confirm whether earnings are growing faster or slower than revenue is currently unavailable. For non-dividend payers, the company does not distribute cash to shareholders as evidenced by a dividend yield of N/A and a payout ratio of 0.0%, which implies that the company reinvests all generated earnings into growth initiatives, working capital, or debt reduction rather than paying dividends. The absence of a dividend yield and a zero payout ratio confirms that the company prioritizes capital allocation for internal expansion over income distribution to investors. The overall growth and income profile is characterized by robust sales expansion in a niche manufacturing segment without the support of a dividend yield, relying entirely on capital appreciation potential derived from revenue growth and operational efficiency improvements.