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Deswell Industries, Inc.

DSWL Technology Electronic Components

Deswell Industries, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $61.3 million, down 9.29% from fiscal 2025.

3.04 0.08 +2.70%
Market cap
$47.0M
P/E
5.1×
Fwd P/E
—
Dividend yield
6.69%
F-score
5/9
Altman Z
3.20
Beneish M
−1.79
Dividend safety
75/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 71.28%

Capital & Financial Ratios $m

Size
Market Cap 47.02
Revenue ttm 160.98
Net income ttm 12.24
Free cash flow ttm 7.83
Net debt Q (79.67)
Valuation
P/E 5.07
Forward P/E —
Price / sales 0.30
Forward P/S Powerpack
Price / FCF 6.08
Price / book 0.44
Financial health
Current ratio Q 5.28 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q —
Growth
Revenue growth Q −5.16% (below 0%: shrinking)
Operating income growth Q +219.18% (above 0%: growing)
EPS, this year —
EPS, next year A —
Revenue, next year A —
EPS, past 5 yrs +5.61%
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is −0.2×, against a ten-year median of 0.0×; over the ten years it ranged from −0.3× in 2016 to 0.6× in 2018.
P/E against its own 10 years 44.25%
10-year low 10-year high
P/S against its own 10 years 25.74%
10-year low 10-year high
P/B against its own 10 years 29.59%
10-year low 10-year high

Dividends

Yield
6.69%
Annual rate
0.20
Payout ratio
—
Growth, 2018–26
0.00%/yr
  1. 0.10 ’18
  2. 0.15 ’19 +50
  3. 0.18 ’20 +20
  4. 0.20 ’21 +11
  5. 0.20 ’22 +0
  6. 0.20 ’23 +0
  7. 0.20 ’24 +0
  8. 0.20 ’25 +0
  9. 0.10 ’26 −50
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 47 58 76 82
Receivables 16 12 10 11
Inventory 17 12 9 12
Other — — — —
81 83 96 107
2023 2024 2025 2026
Payables 7 5 6 7
ST’ Debt — — — —
Other 2 2 2 3
20 16 18 20

Compound Annual Growth %

10y 5y 3y
Sales 3.24% (1.12%) (7.44%)
Cash Flow 24.88% 9.53% (26.34%)
Earnings 0.00% 5.24% 72.82%
Book Value 3.60% 5.01% 6.86%

EPS $

Mar Jun Sep Dec Year
’26 — — — — —
’26 — — — — 0.67
’25 — — — — 0.70
’24 — — — — 0.48
’23 — — — — 0.13
’22 — — — — 0.52
’21 — — — — 0.51
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’26 — — — — 61
’25 — — — — 68
’24 — — — — 69
’23 — — — — 77
’22 — — — — 86
’21 — — — — 65
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’26 — — 2 — 5
’25 — — 4 — 14
’24 — — — — 13
’23 — — — — 13
’22 — — — — 0
’21 — — — — 3
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — — — — —
’26 — — 2 — 5
’25 — — 4 — 13
’24 — — 0 — 13
’23 9 — 0 — 12
’22 (1) — (1) — (2)
’21 0 — 0 — 3
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 45 61 67 65 65 86 77 69 68 61 +3.6% — — — —
Gross margin, % 16.73 16.01 15.42 18.15 20.29 16.23 16.60 20.04 20.18 22.37 +5.6 pt
EBT 2 6 4 (1) 9 8 2 8 11 10 +23.1%
EBT margin, % 3.56 10.21 6.63 (1.45) 13.42 9.38 2.99 11.27 16.71 16.74 +13.2 pt
Net income 1 6 4 (1) 8 8 2 8 11 11 +25.5%
Per share, $
Per share, $ Revenue 2.78 3.82 4.19 4.11 4.08 5.40 4.85 4.35 4.24 3.85 +3.7%
Earnings 0.09 0.39 0.27 (0.08) 0.52 0.52 0.13 0.48 0.70 0.67 +25.0%
Cash flow (0.07) 0.36 0.14 0.82 0.21 (0.01) 0.82 0.83 0.85 0.33 n/m
Capex (0.07) (0.11) (0.05) (0.02) (0.03) (0.09) (0.05) (0.01) (0.02) (0.02) (11.2%)
Free cash flow (0.14) 0.25 0.08 0.80 0.18 (0.10) 0.77 0.82 0.83 0.30 n/m
Book value 4.75 5.12 5.29 5.05 5.38 5.70 5.63 5.91 6.41 6.87 +4.2%
Shares, m 16 16 16 16 16 16 16 16 16 16 (0.1%)
Valuation, ×
Valuation, × P/E 0.00 0.00 16.56 11.56 8.05 3.52 4.14 3.76 4.00 5.07 5.7
P/S 0.70 1.10 0.55 0.27 0.43 0.39 0.26 0.22 0.23 0.30 0.4
P/B 0.41 0.64 0.58 0.44 0.66 0.64 0.47 0.39 0.38 0.44 0.5
EV/Sales 0.01 0.41 0.10 (0.06) 0.08 0.10 (0.03) (0.09) (0.18) (0.20) 0.0
EV/FCF 0.33 14.60 1.85 (0.49) 0.67 8.25 (0.42) (0.94) (5.24) (4.10) 1.5
Cash, $m
Cash, $m Operating cash flow (1) 6 2 13 3 0 13 13 14 5 n/m
Capex (1) (2) (1) 0 0 (1) (1) 0 0 0 (11.2%)
Free cash flow (2) 4 1 13 3 (2) 12 13 13 5 n/m
Balance, $m
Balance, $m Working capital 42 51 54 51 57 64 61 67 79 87 +8.3%
Net debt (30) (38) (39) (43) (45) (44) (47) (58) (75) (82) +11.9%
Shareholders’ equity 76 81 84 80 86 91 90 94 102 109 +4.1%
Returns, %
Returns, % ROA 1.54 6.47 4.26 (1.35) 8.10 7.37 1.82 6.96 9.63 8.50 +7.0 pt
ROIC (2.83) 2.59 0.74 2.35 5.05 3.68 4.23 6.52 7.78 4.58 +7.4 pt
ROE 1.80 7.86 5.17 (1.61) 9.92 9.33 2.28 8.39 11.35 10.05 +8.3 pt
People
People Employees 1,340 1,338 1,203 1,105 1,130 990 941 921 794 854 (4.9%)
Revenue/emp, $m 0.03 0.05 0.06 0.06 0.06 0.09 0.08 0.08 0.09 0.07 +8.9%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Sep 2019

Deswell Industries, Inc. vs peers in Electronic Components (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
OPTX Syntec Optics Holdings, Inc. $151.7M — (loss-making) — +26.14% (above 0%: growing) n/m −96.13% (below 0%: shrinking) 25.90% 3.88% Compare
CPSH CPS Technologies Corp. $69.8M — (loss-making) 359× +2.85% (above 0%: growing) −71.83% (below 0%: shrinking) −601.34% (below 0%: shrinking) 14.79% (3.11%) Compare
KULR KULR Technology Group, Inc. $66.2M — (loss-making) — (loss-making) −43.05% (below 0%: shrinking) n/m +75.36% (above 0%: growing) (30.71%) (538.63%) Compare
DSWL Deswell Industries, Inc. $47.0M 5.1× — −5.16% (below 0%: shrinking) n/m +833.46% (above 0%: growing) 19.51% 0.00%
LINK Interlink Electronics, Inc. $46.0M — (loss-making) — (loss-making) +10.43% (above 0%: growing) +130.88% (above 0%: growing) −100.70% (below 0%: shrinking) 44.35% 6.53% Compare
ELTK Eltek Ltd. $40.5M — (loss-making) 8.4× −7.94% (below 0%: shrinking) n/m +94.44% (above 0%: growing) (8.36%) (22.07%) Compare
DAIO Data I/O Corporation $24.6M — (loss-making) — (loss-making) −13.43% (below 0%: shrinking) n/m −397.95% (below 0%: shrinking) 57.00% (14.06%) Compare
REFR Research Frontiers Incorporated $12.9M — (loss-making) — (loss-making) −78.56% (below 0%: shrinking) n/m −208.08% (below 0%: shrinking) (517.32%) (672.53%) Compare
WETH Wetouch Technology Inc. $10.2M 1.1× — +12.74% (above 0%: growing) −5.26% (below 0%: shrinking) +87.69% (above 0%: growing) 34.88% 22.61% Compare
Median of peers $43.2M — — −2.54% −5.26% −98.41% 20.35% (8.58%)

All 44 Electronic Components stocks →

Deswell Industries, Inc. (DSWL) Latest News

17 Jun

Impact 3 ·

3 Feb

Impact 3 · · Business Wire
Impact 3 · · Simply Wall St.

26 Jan

Impact 4 · · Simply Wall St.Simply Wall St.Simply Wall St.

30 Dec

Impact 4 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

16 Nov

Impact 3 ·

13 Nov

Impact 3 · · Business Wire

15 Sep

Impact 4 · · Simply Wall St.

19 Aug

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23 Jul

Impact 3 · · Simply Wall St.

19 Jun

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18 Jun

Impact 3 · · Business Wire

17 Feb

Impact 4 ·

28 Nov

Impact 3 · · Simply Wall St.

15 Nov

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12 Jul

Impact 4 · · Simply Wall St.

20 Jun

Impact 3 · · Business Wire

12 Apr

Impact 3 ·

26 Feb

Impact 3 · · Business Wire

26 Nov

Impact 3 · · Simply Wall St.

23 Nov

Impact 3 · · Simply Wall St.

17 Nov

Impact 4 · · Business Wire

31 Oct

Impact 3 · · Simply Wall St.

27 Aug

Impact 4 · · Simply Wall St.

16 Jun

Impact 3 · · Business Wire
stockrow.com/DSWL · Data as of Sep 30, 2019 · For information only; not investment advice. · © 2026 stockrow.com