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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. Dividend growth for five consecutive years.

3.11 0.06 +1.97%
Market cap
$48.5M
P/E
5.3×
Fwd P/E
—
Dividend yield
6.43%
F-score
5/9
Altman Z
3.20
Beneish M
−1.79
Dividend safety
75/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 71.28%

Capital & Financial Ratios $m

Market Cap 48.45
Revenue 160.98
Net Income 12.24
Free Cash Flow 7.83
Net Debt (79.67)
Current Ratio 5.28 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 5.27
Fwd P/E —
P/S ratio 0.31
P/B ratio 0.46
Past 5Y EPS Growth 5.61%
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth —
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. 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 46.47%
10-year low 10-year high
P/S against its own 10 years 31.66%
10-year low 10-year high
P/B against its own 10 years 34.46%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate 0.20
Annual Dividend Yield 6.43%
total individual payouts
2026 0.10
0.10
2025 0.20
0.10
0.10
2024 0.20
0.10
0.10
2023 0.20
0.10
0.10
2022 0.20
0.10
0.10
2021 0.20
0.10
0.10
2020 0.18
0.09
0.09
2019 0.15
0.07
0.08
2018 0.10
0.04
0.06
2017 0.07
0.07
2016 0.14
0.04
0.04
0.07
special payouts not included in total or ratios

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%

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 1.71 2.59 2.43 2.02 2.92 3.00 2.12 2.14 1.93 2.84

Analyst estimates 2027–2029

Powerpack
High 3.64 3.53 3.17 3.47 5.60 4.08 3.21 2.74 4.48 3.99
People
People Employees 1,340 1,338 1,203 1,105 1,130 990 941 921 794 854
Revenue/emp, $m 0.03 0.05 0.06 0.06 0.06 0.09 0.08 0.08 0.09 0.07
Income, $m
Income, $m Revenue 45 61 67 65 65 86 77 69 68 61
Gross margin, % 16.73 16.01 15.42 18.15 20.29 16.23 16.60 20.04 20.18 22.37
EBT 2 6 4 (1) 9 8 2 8 11 10
EBT margin, % 3.56 10.21 6.63 (1.45) 13.42 9.38 2.99 11.27 16.71 16.74
Net income 1 6 4 (1) 8 8 2 8 11 11
Depreciation 2 2 2 2 2 2 2 2 2 1
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
Earnings 0.09 0.39 0.27 (0.08) 0.52 0.52 0.13 0.48 0.70 0.67
Cash flow (0.07) 0.36 0.14 0.82 0.21 (0.01) 0.82 0.83 0.85 0.33
Capex (0.07) (0.11) (0.05) (0.02) (0.03) (0.09) (0.05) (0.01) (0.02) (0.02)
Free cash flow (0.14) 0.25 0.08 0.80 0.18 (0.10) 0.77 0.82 0.83 0.30
Book value 4.75 5.12 5.29 5.05 5.38 5.70 5.63 5.91 6.41 6.87
Shares, m 16 16 16 16 16 16 16 16 16 16
Valuation, ×
Valuation, × P/E 0.00 0.00 16.56 11.56 8.05 3.52 4.14 3.76 4.00 5.07
P/S 0.70 1.10 0.55 0.27 0.43 0.39 0.26 0.22 0.23 0.30
P/B 0.41 0.64 0.58 0.44 0.66 0.64 0.47 0.39 0.38 0.44
EV/Sales 0.01 0.41 0.10 (0.06) 0.08 0.10 (0.03) (0.09) (0.18) (0.20)
EV/FCF 0.33 14.60 1.85 (0.49) 0.67 8.25 (0.42) (0.94) (5.24) (4.10)
Cash, $m
Cash, $m Operating cash flow (1) 6 2 13 3 0 13 13 14 5
Capex (1) (2) (1) 0 0 (1) (1) 0 0 0
Free cash flow (2) 4 1 13 3 (2) 12 13 13 5
Balance, $m
Balance, $m Working capital 42 51 54 51 57 64 61 67 79 87
Total debt — — — — — — — — — —
Net debt (30) (38) (39) (43) (45) (44) (47) (58) (75) (82)
Shareholders’ equity 76 81 84 80 86 91 90 94 102 109
Returns, %
Returns, % ROA 1.54 6.47 4.26 (1.35) 8.10 7.37 1.82 6.96 9.63 8.50
ROIC (2.83) 2.59 0.74 2.35 5.05 3.68 4.23 6.52 7.78 4.58
ROE 1.80 7.86 5.17 (1.61) 9.92 9.33 2.28 8.39 11.35 10.05
Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026 · latest quarter Sep 2019

Charts ten years each

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
KULR KULR Technology Group, Inc. $86.1M — (loss-making) — (loss-making) −43.05% (below 0%: shrinking) n/m +75.36% (above 0%: growing) (30.71%) (538.63%) Compare
CPSH CPS Technologies Corp. $69.6M — (loss-making) 168× +2.85% (above 0%: growing) −71.83% (below 0%: shrinking) −601.34% (below 0%: shrinking) 14.79% (3.11%) Compare
WBX Wallbox N.V. $65.7M — — — n/m +6,958.18% (above 0%: growing) 39.84% (47.80%) Compare
LINK Interlink Electronics, Inc. $65.1M — (loss-making) — (loss-making) +10.43% (above 0%: growing) +130.88% (above 0%: growing) −100.70% (below 0%: shrinking) 44.35% 6.53% Compare
DSWL Deswell Industries, Inc. $48.5M 5.3× — −5.16% (below 0%: shrinking) n/m +833.46% (above 0%: growing) 19.51% 0.00%
ELTK Eltek Ltd. $45.6M — (loss-making) 8.4× −7.94% (below 0%: shrinking) n/m +94.44% (above 0%: growing) (8.36%) (22.07%) Compare
HOLO MicroCloud Hologram Inc. $31.2M — (loss-making) — −41.61% (below 0%: shrinking) n/m +320.35% (above 0%: growing) 49.85% 0.00% Compare
DAIO Data I/O Corporation $27.9M — (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 $22.3M — (loss-making) — (loss-making) −33.56% (below 0%: shrinking) n/m −143.69% (below 0%: shrinking) (626.77%) (776.13%) Compare
Median of peers $55.3M — — −13.43% — −12.67% 27.32% (18.06%)

All 49 Electronic Components stocks →

Deswell Industries, Inc. (DSWL) key facts

  • Concern: Deswell Industries, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $61.3 million, down 9.29% from fiscal 2025.
  • Deswell Industries, Inc. (DSWL) is an Electronic Components company in the Technology sector, listed on Nasdaq.
  • As of October 16, 2026, DSWL traded at $3.11, a market capitalization of $48.5 million.
  • Deswell Industries, Inc. pays an annual dividend of $0.20 per share, a yield of 6.43%.
  • Return on equity was 10.1% and debt-to-equity 0.00.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 3.20 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Deswell Industries, Inc. (DSWL) Latest News

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