Overview Dividends

(DSWL) Deswell Industries - Ratings and Ratios

Exchange: NASDAQ • Country: Macau • Currency: USD • Type: Common Stock • ISIN: VG2506391011

Plastic, Injection Molded, Electronics, Audio, Medical

Description: DSWL Deswell Industries

Deswell Industries Inc (NASDAQ:DSWL) is a manufacturing company that produces a diverse range of products, including injection-molded plastic parts, electronic products, and subassemblies, catering to original equipment manufacturers and contract manufacturers globally. With a presence in multiple regions, including China, the US, Europe, and others, the company has established a significant footprint in the industry.

The companys product portfolio is extensive, encompassing plastic components for various industries such as electronics, industrial equipment, medical devices, and automotive. Additionally, Deswell Industries provides electronic products, including audio equipment, consumer audio products, and printed circuit board assemblies, showcasing its capabilities in electronic manufacturing services.

With a history dating back to 1987, Deswell Industries has developed a strong foundation in Macau, where it is headquartered. The companys operations are divided into two segments: Plastic Injection Molding and Electronic Products Assembling, allowing it to effectively manage its diverse product offerings.

Analyzing the , we observe that the stocks current price is $2.35, slightly above its 20-day and 50-day simple moving averages (SMA20 and SMA50) of $2.29 and $2.30, respectively. The Average True Range (ATR) of 0.09 indicates a relatively stable price movement, with a volatility of 3.78%. Considering the , the companys Market Cap stands at $37.61M USD, with a Price-to-Earnings (P/E) ratio of 3.63, suggesting a potentially undervalued stock. The Return on Equity (RoE) of 12.87% indicates a decent profitability.

Based on the and , a forecast for Deswell Industries can be made. Given the stocks current price and its SMA20 and SMA50, a slight upward trend is expected in the short term. However, the stocks proximity to its 52-week high of $2.70 and the relatively low P/E ratio may indicate a potential for consolidation or a slight correction. Nevertheless, the companys diversified product portfolio, global presence, and decent profitability metrics suggest a stable outlook. A potential target price could be around $2.60, representing a 10% increase from the current price, driven by the companys continued growth in its core business segments.

DSWL Stock Overview

Market Cap in USD 55m
Sub-Industry Electronic Manufacturing Services
IPO / Inception 1995-07-19

DSWL Stock Ratings

Growth Rating 24.8%
Fundamental 60.6%
Dividend Rating 69.0%
Return 12m vs S&P 500 51.5%
Analyst Rating -

DSWL Dividends

Dividend Yield 12m 6.53%
Yield on Cost 5y 11.11%
Annual Growth 5y 2.13%
Payout Consistency 88.3%
Payout Ratio 18.4%

DSWL Growth Ratios

Growth Correlation 3m 95.3%
Growth Correlation 12m 16.8%
Growth Correlation 5y -33.1%
CAGR 5y 16.22%
CAGR/Max DD 5y 0.30
Sharpe Ratio 12m -0.12
Alpha 64.01
Beta 0.167
Volatility 79.87%
Current Volume 7.8k
Average Volume 20d 12.9k
Stop Loss 3.6 (-5.3%)
Signal 1.11

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income (15.3m TTM) > 0 and > 6% of Revenue (6% = 5.95m TTM)
FCFTA 0.19 (>2.0%) and ΔFCFTA 5.23pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 79.37% (prev 73.21%; Δ 6.16pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.20 (>3.0%) and CFO 23.7m > Net Income 15.3m (YES >=105%, WARN >=100%)
Net Debt (-28.1m) to EBITDA (4.63m) ratio: -6.07 <= 3.0 (WARN <= 3.5)
Current Ratio 5.45 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (15.9m) change vs 12m ago -0.36% (target <= -2.0% for YES)
Gross Margin 20.34% (prev 19.71%; Δ 0.62pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 85.82% (prev 82.18%; Δ 3.65pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
error: Interest Coverage Ratio cannot be calculated (needs EBITDA TTM and Interest Expense TTM)

Altman Z'' 11.15

(A) 0.66 = (Total Current Assets 96.5m - Total Current Liabilities 17.7m) / Total Assets 120.2m
(B) 0.32 = Retained Earnings (Balance) 38.5m / Total Assets 120.2m
(C) 0.03 = EBIT TTM 3.12m / Avg Total Assets 115.6m
(D) 5.36 = Book Value of Equity 97.0m / Total Liabilities 18.1m
Total Rating: 11.15 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 60.56

1. Piotroski 6.50pt = 1.50
2. FCF Yield data missing
3. FCF Margin 23.24% = 5.81
4. Debt/Equity 0.18 = 2.48
5. Debt/Ebitda 3.90 = -2.49
6. ROIC - WACC -1.93% = -2.41
7. RoE 15.22% = 1.27
8. Rev. Trend -6.17% = -0.31
9. Rev. CAGR 0.0% = 0.0
10. EPS Trend 88.40% = 2.21
11. EPS CAGR 137.9% = 2.50

What is the price of DSWL shares?

As of September 01, 2025, the stock is trading at USD 3.80 with a total of 7,819 shares traded.
Over the past week, the price has changed by -1.81%, over one month by +26.04%, over three months by +70.36% and over the past year by +79.19%.

Is Deswell Industries a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Deswell Industries is currently (September 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 60.56 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of DSWL is around 4.08 USD . This means that DSWL is currently overvalued and has a potential downside of 7.37%.

Is DSWL a buy, sell or hold?

Deswell Industries has no consensus analysts rating.

What are the forecasts/targets for the DSWL price?

Issuer Target Up/Down from current
Wallstreet Target Price 7.8 103.9%
Analysts Target Price - -
ValueRay Target Price 4.4 16.1%

Last update: 2025-08-23 04:36

DSWL Fundamental Data Overview

Market Cap USD = 55.1m (55.1m USD * 1.0 USD.USD)
CCE Cash And Equivalents = 75.5m USD (Cash And Short Term Investments, last quarter)
P/E Trailing = 4.9429
P/S = 0.8155
P/B = 0.5446
Beta = 0.456
Revenue TTM = 99.2m USD
EBIT TTM = 3.12m USD
EBITDA TTM = 4.63m USD
Long Term Debt = 371.0k USD (from nonCurrentLiabilitiesTotal, last quarter)
Short Term Debt = 17.7m USD (from totalCurrentLiabilities, last quarter)
Debt = 18.1m USD (Calculated: Short Term 17.7m + Long Term 371.0k)
Net Debt = -28.1m USD (from netDebt column, last quarter)
Enterprise Value = -2.28m USD (55.1m + Debt 18.1m - CCE 75.5m)
Interest Coverage Ratio = unknown (Ebit TTM 3.12m / Interest Expense TTM 0.0)
FCF Yield = -1014 % (FCF TTM 23.1m / Enterprise Value -2.28m)
FCF Margin = 23.24% (FCF TTM 23.1m / Revenue TTM 99.2m)
Net Margin = 15.41% (Net Income TTM 15.3m / Revenue TTM 99.2m)
Gross Margin = 20.34% ((Revenue TTM 99.2m - Cost of Revenue TTM 79.1m) / Revenue TTM)
Tobins Q-Ratio = -0.02 (set to none) (Enterprise Value -2.28m / Book Value Of Equity 97.0m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 18.1m)
Taxrate = 1.43% (from yearly Income Tax Expense: 162.0k / 11.3m)
NOPAT = 3.08m (EBIT 3.12m * (1 - 1.43%))
Current Ratio = 5.45 (Total Current Assets 96.5m / Total Current Liabilities 17.7m)
Debt / Equity = 0.18 (Debt 18.1m / last Quarter total Stockholder Equity 102.1m)
Debt / EBITDA = 3.90 (Net Debt -28.1m / EBITDA 4.63m)
Debt / FCF = 0.78 (Debt 18.1m / FCF TTM 23.1m)
Total Stockholder Equity = 100.4m (last 4 quarters mean)
RoA = 12.72% (Net Income 15.3m, Total Assets 120.2m )
RoE = 15.22% (Net Income TTM 15.3m / Total Stockholder Equity 100.4m)
RoCE = 3.09% (Ebit 3.12m / (Equity 100.4m + L.T.Debt 371.0k))
RoIC = 3.06% (NOPAT 3.08m / Invested Capital 100.4m)
WACC = 4.99% (E(55.1m)/V(73.2m) * Re(6.63%)) + (D(18.1m)/V(73.2m) * Rd(0.0%) * (1-Tc(0.01)))
Shares Correlation 5-Years: -97.50 | Cagr: -0.46%
Discount Rate = 6.63% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
[DCF Debug] Terminal Value 81.43% ; FCFE base≈20.0m ; Y1≈24.7m ; Y5≈42.2m
Fair Price DCF = 45.04 (DCF Value 717.7m / Shares Outstanding 15.9m; 5y FCF grow 25.0% → 3.0% )
Revenue Correlation: -6.17 | Revenue CAGR: 0.0%
Rev Growth-of-Growth: 19.93
EPS Correlation: 88.40 | EPS CAGR: 137.9%
EPS Growth-of-Growth: -58.41

Additional Sources for DSWL Stock

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