Reading TRT? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track TRT free→Reading TRT? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track TRT free→AMEXInformation TechnologySemiconductor Equipment & MaterialsSnapshot 2026-06-16
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is neutral, and earnings quality is robust, cash backs up reported profits. Management's recent track record has been fairly steady, while risk is elevated. The sector backdrop is a tailwind, and compared with sector peers, TRT is typical. Peer multiples imply a price about 44% below where it trades (it looks expensive on this basis); the read is expensive, growth-justified, as it is rich on today's multiple, but the three-year horizon reads cheaper once expected earnings growth is included. This analysis is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 4 valuation methods, at three horizons. Current price $12.57. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $12 TRT trades at 2× p/s, below its 7× p/s peer median. Our $8.87 fair value sits above the price; low confidence. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 43% near-term growth, below our forecast of about 67%. This describes what's priced in, not a forecast of the move.
Only expensive valuation — not the full expensive x weak x turbulent stack. Regime (Mania) does not concentrate fragility.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated neutral grew net income 54% of the time over the next year (vs 68% for the rest of the cohort, n=3704).
Over the trailing year it converted 4.71x of net income into operating cash flow. Historically, Information Technology names rated robust grew net income 69% of the time over the next year (vs 55% for the rest of the cohort, n=2129).
Not enough signal yet.
Not enough signal to read sensitivity to the broad stock market, the US dollar, real (inflation-adjusted) rates, Fed net liquidity, long-term interest rates.
6 material management or governance events in the past 24 months, led by M&A activity. Historically, Information Technology names rated neutral grew net income 64% of the time over the next year (vs 57% for the rest of the cohort, n=1040).
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
via XLK
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$475.
How much price usually moves either way.
On a bad day, this stock has moved -$783.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $5,172.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: A drop in revenue growth would signal a weakening trend in the sector. This could impact Trio-Tech's performance as it operates in a growth phase.
Confirms:Sector revenue growth falls below its median for the last year.
Disproves:Sector revenue growth stays above its median for the last year.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for TRT yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Results of Operations and Financial Conditions On May 14, 2026, Trio-Tech International (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended March 31, 2026. A copy of the press release is attached as Exhibit 99.1. The information in this Current Report, including the exhibit hereto, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwi…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
Looks more expensive than peers.
Self-history needs ~20 months of data.
Trailing four: 2025-Q3, 2026-Q1, 2026-Q2, 2026-Q3
A side-by-side read on sector standing, valuation, and risk versus Semiconductor Materials & Equipment.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
TRT Trio-Tech International | Typical Show detailsSector percentile: 33 of 100 | expensive | elevated |
ASML ASML Holding N.V. | — | — | moderate |
LRCX Lam Research | Typical Show detailsSector percentile: 70 of 100 | full | elevated |
AMAT Applied Materials | Above typical Show detailsSector percentile: 83 of 100 | full | moderate |
KLAC KLA Corporation | Above typical Show detailsSector percentile: 97 of 100 | inexpensive | high |
Not investment advice. As of 2026-06-16.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on increasing demand for semiconductor back-end testing services, supported by customer programs for advanced devices.
Trio-Tech has entered into a lease agreement for additional space to support expansion efforts.
Trio-Tech has issued shares in a registered direct offering to raise capital.
Entry into a Material Definitive Agreement On April 28, 2026, Trio-Tech International, a California corporation (the “ Company ”), through its subsidiary Trio-Tech (Malaysia) SDN BHD (“ Trio-Tech Malaysia ”), entered into a lease agreement (the “ Lease ”) with Skygate Technology (M) SDN. BHD. (the “ Landlord ”), effective as of June 1, 2026, pursuant to which Trio-Tech Malaysia will lease approximately 104,000 square feet of space located at 2481, Tingkat Perusahaan 4, Kawasan Perusahaan Pera…
Entry into a Material Definitive Agreement On April 24, 2026, Trio-Tech International, a California corporation (the “ Company ”), entered into a securities purchase agreement (the “ Purchase Agreement ”) with the purchaser signatories thereto (the “ Purchasers ”), which provides for the sale and issuance by the Company in a registered direct offering (the “ Offering ”) of an aggregate of 1,052,632 shares of the Company’s common stock, no par value (the “ Common Stock ”), at a purchase price…
Other Events. On April 24, 2026, the Company issued a press release announcing the Offering and the pricing of the Offering. The press release is attached as Exhibit 99.1 to this report and is incorporated herein by reference. Cautionary Note Regarding Forward Looking Statements This Current Report on Form 8-K contains forward-looking statements, including statements regarding the Offering, including, without limitation, the Company’s intended use of proceeds from the Offering, which are made…
Results of Operations and Financial Conditions On February 13, 2026, Trio-Tech International (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended December 31, 2025. A copy of the press release is attached as Exhibit 99.1. The information in this Current Report, including the exhibit hereto, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or…