Deswell Industries (DSWL)
Market Price (7/24/2026): $3.58 | Market Cap: $57.5 MilSector: Information Technology | Industry: Electronic Components
Deswell Industries (DSWL)
Market Price (7/24/2026): $3.58Market Cap: $57.5 MilSector: Information TechnologyIndustry: Electronic Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -53% Attractive yieldDividend Yield is 2.9% Low stock price volatilityVol 12M is 45% Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, and 5G & Advanced Connectivity. Themes include IoT for Buildings, and Network Equipment. | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -4.6 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -10% Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 104x Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.4% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.9% Key risksDSWL key risks include [1] its significant operational exposure to political and economic uncertainties in China, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -53% |
| Attractive yieldDividend Yield is 2.9% |
| Low stock price volatilityVol 12M is 45% |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, and 5G & Advanced Connectivity. Themes include IoT for Buildings, and Network Equipment. |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -4.6 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -10% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 104x |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -4.4% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -9.9% |
| Key risksDSWL key risks include [1] its significant operational exposure to political and economic uncertainties in China, Show more. |
Qualitative Assessment
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Deswell Industries (DSWL) stock has gained about 30% since 3/31/2026 because of the following key factors:
1. Declaration of a significant special cash dividend for fiscal year 2026. The company's board of directors declared a cash dividend of $0.10 per share and a special cash dividend of $0.20 per share for the second half of the fiscal year ended March 31, 2026. This combined $0.30 per share dividend, payable on July 16, 2026, indicated management's confidence and represented an attractive dividend yield of 11%, significantly higher than the industry average.
2. Strong balance sheet and improved gross profit margins. Despite reported declines in net sales by 9.3% to $61.3 million and net income by 4.6% to $10.6 million for the full fiscal year 2026 (ended March 31, 2026), Deswell Industries maintained a robust financial position with $23.1 million in cash and cash equivalents and no debt. Furthermore, the gross profit margin for fiscal year 2026 improved to 22.4% from 20.2% in fiscal year 2025, driven by a strategic shift towards higher-margin electronics offerings and effective cost controls.
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Deswell Industries (DSWL) stock has gained about 30% since 3/31/2026 because of the following key factors:
1. Declaration of a significant special cash dividend for fiscal year 2026. The company's board of directors declared a cash dividend of $0.10 per share and a special cash dividend of $0.20 per share for the second half of the fiscal year ended March 31, 2026. This combined $0.30 per share dividend, payable on July 16, 2026, indicated management's confidence and represented an attractive dividend yield of 11%, significantly higher than the industry average.
2. Strong balance sheet and improved gross profit margins. Despite reported declines in net sales by 9.3% to $61.3 million and net income by 4.6% to $10.6 million for the full fiscal year 2026 (ended March 31, 2026), Deswell Industries maintained a robust financial position with $23.1 million in cash and cash equivalents and no debt. Furthermore, the gross profit margin for fiscal year 2026 improved to 22.4% from 20.2% in fiscal year 2025, driven by a strategic shift towards higher-margin electronics offerings and effective cost controls.
3. Positive sentiment from Wall Street analysts. Deswell Industries received a consensus "Buy" rating from Wall Street analysts. Adding to this positive outlook, Weiss Ratings upgraded the stock's rating to "Buy (B)" from "Buy (B-)" on July 13, 2026, which likely contributed to increased investor interest and a upward trend in the stock price.
4. Bullish technical momentum. Technical analysis conducted around late June 2026 indicated a "Positive" sentiment for DSWL. The stock's price was trading above its 20-day, 50-day, and 200-day moving averages, signaling a bullish trend. Additionally, the Moving Average Convergence Divergence (MACD) indicator showed positive momentum.
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Stock Movement Drivers
Fundamental Drivers
The 31.4% change in DSWL stock from 3/31/2026 to 7/23/2026 was primarily driven by a 31.4% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 7232026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.76 | 3.63 | 31.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 45 | 45 | 0.0% |
| P/S Multiple | 1.0 | 1.3 | 31.4% |
| Shares Outstanding (Mil) | 16 | 16 | 0.0% |
| Cumulative Contribution | 31.4% |
Market Drivers
3/31/2026 to 7/23/2026| Return | Correlation | |
|---|---|---|
| DSWL | 31.4% | |
| Market (SPY) | 13.5% | 8.3% |
| Sector (XLK) | 34.3% | 9.4% |
Fundamental Drivers
The 13.6% change in DSWL stock from 12/31/2025 to 7/23/2026 was primarily driven by a 13.6% change in the company's P/S Multiple.| (LTM values as of) | 12312025 | 7232026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.20 | 3.63 | 13.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 45 | 45 | 0.0% |
| P/S Multiple | 1.2 | 1.3 | 13.6% |
| Shares Outstanding (Mil) | 16 | 16 | 0.0% |
| Cumulative Contribution | 13.6% |
Market Drivers
12/31/2025 to 7/23/2026| Return | Correlation | |
|---|---|---|
| DSWL | 13.6% | |
| Market (SPY) | 8.5% | 6.6% |
| Sector (XLK) | 24.1% | 8.8% |
Fundamental Drivers
The 56.9% change in DSWL stock from 6/30/2025 to 7/23/2026 was primarily driven by a 56.9% change in the company's P/S Multiple.| (LTM values as of) | 6302025 | 7232026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.31 | 3.63 | 56.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 45 | 45 | 0.0% |
| P/S Multiple | 0.8 | 1.3 | 56.9% |
| Shares Outstanding (Mil) | 16 | 16 | 0.0% |
| Cumulative Contribution | 56.9% |
Market Drivers
6/30/2025 to 7/23/2026| Return | Correlation | |
|---|---|---|
| DSWL | 56.9% | |
| Market (SPY) | 20.5% | 7.4% |
| Sector (XLK) | 41.5% | 8.7% |
Fundamental Drivers
The 78.2% change in DSWL stock from 6/30/2023 to 7/23/2026 was primarily driven by a 78.2% change in the company's P/S Multiple.| (LTM values as of) | 6302023 | 7232026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.04 | 3.63 | 78.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 45 | 45 | 0.0% |
| P/S Multiple | 0.7 | 1.3 | 78.2% |
| Shares Outstanding (Mil) | 16 | 16 | 0.0% |
| Cumulative Contribution | 78.2% |
Market Drivers
6/30/2023 to 7/23/2026| Return | Correlation | |
|---|---|---|
| DSWL | 78.2% | |
| Market (SPY) | 72.4% | 8.8% |
| Sector (XLK) | 109.1% | 8.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| DSWL Return | 38% | -14% | -8% | -3% | 55% | 13% | 84% |
| Peers Return | 25% | 12% | 26% | 49% | 41% | 73% | 542% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| DSWL Win Rate | 58% | 42% | 33% | 58% | 50% | 57% | |
| Peers Win Rate | 55% | 55% | 60% | 60% | 58% | 69% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| DSWL Max Drawdown | -35% | -24% | -29% | -19% | -24% | -21% | |
| Peers Max Drawdown | -18% | -23% | -24% | -21% | -33% | -24% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: JBL, FLEX, SANM, BHE, PLXS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/23/2026 (YTD)
How Low Can It Go
| Event | DSWL | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -14.7% | -9.5% |
| % Gain to Breakeven | 17.2% | 10.5% |
| Time to Breakeven | 14 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -15.1% | -6.7% |
| % Gain to Breakeven | 17.8% | 7.1% |
| Time to Breakeven | 620 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.4% | -24.5% |
| % Gain to Breakeven | 25.6% | 32.4% |
| Time to Breakeven | 1132 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -25.4% | -33.7% |
| % Gain to Breakeven | 34.1% | 50.9% |
| Time to Breakeven | 161 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -10.8% | -19.2% |
| % Gain to Breakeven | 12.1% | 23.8% |
| Time to Breakeven | 725 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -34.1% | -12.2% |
| % Gain to Breakeven | 51.7% | 13.9% |
| Time to Breakeven | 45 days | 62 days |
In The Past
Deswell Industries's stock fell -7.8% during the 2025 US Tariff Shock. Such a loss loss requires a 8.5% gain to breakeven.
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| Event | DSWL | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -20.4% | -24.5% |
| % Gain to Breakeven | 25.6% | 32.4% |
| Time to Breakeven | 1132 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -25.4% | -33.7% |
| % Gain to Breakeven | 34.1% | 50.9% |
| Time to Breakeven | 161 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -34.1% | -12.2% |
| % Gain to Breakeven | 51.7% | 13.9% |
| Time to Breakeven | 45 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -43.5% | -6.8% |
| % Gain to Breakeven | 77.1% | 7.3% |
| Time to Breakeven | 302 days | 15 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -31.9% | -15.4% |
| % Gain to Breakeven | 46.9% | 18.2% |
| Time to Breakeven | 2683 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -78.8% | -53.4% |
| % Gain to Breakeven | 372.5% | 114.4% |
| Time to Breakeven | 3355 days | 1085 days |
In The Past
Deswell Industries's stock fell -7.8% during the 2025 US Tariff Shock. Such a loss loss requires a 8.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Deswell Industries (DSWL)
Deswell Industries (DSWL) is a manufacturing company based in Macau, specializing in providing components and finished electronic products to other businesses. The company primarily serves original equipment manufacturers (OEMs) and contract manufacturers by producing a diverse range of items that integrate into their final products.
The company operates through two main segments. Its Plastic Injection Molding segment produces a wide array of customized plastic parts and components. These include critical plastic enclosures and intricate parts for consumer goods like electronic entertainment devices, power tools, outdoor equipment, medical devices, and automobile components, as well as cases for various electronics such as flashlights, telephones, and alarm clocks. Deswell also produces the metallic molds and accessory parts used in this manufacturing process.
In its Electronic Products Assembling segment, Deswell manufactures and assembles sophisticated electronic products. This includes professional audio equipment such as digital mixing consoles, amplifiers, and network audio gear, alongside consumer audio products like multi-channel receivers and audio streaming devices, printed circuit board assemblies, and Internet of Things (IoT) products. Deswell distributes its products globally, with significant markets in China, the United States, Hong Kong, and parts of Europe and Canada.
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They're like a Foxconn that also specializes in making a huge variety of custom plastic components for products ranging from power tools to medical devices.
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- Injection-Molded Plastic Parts: Manufactures a range of plastic components for consumer, industrial, medical, and automotive products, including cases for electronics, power tools, and medical apparatus.
- Metallic Molds: Produces metallic molds and accessory parts primarily used in the manufacturing of plastic components.
- Professional Audio Equipment: Assembles audio equipment such as digital/analogue mixing consoles, amplifiers, signal processors, audio interfaces, and speaker enclosures.
- Consumer Audio Products: Provides consumer-focused audio products including multi-channel receivers-amplifiers and wired/wireless audio streaming devices.
- Printed Circuit Board Assemblies (PCBAs): Manufactures printed circuit board assemblies, which are core components for various electronic products.
- IoT Products: Develops and assembles products related to the Internet of Things.
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Deswell Industries (DSWL) sells primarily to other companies, specifically original equipment manufacturers (OEMs) and contract manufacturers (CMs).
Based on the provided background information, the names of its specific major customer companies are not listed.
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Edward K.C. So, Chief Executive Officer
Edward K.C. So was appointed Chief Executive Officer of Deswell Industries in December 2013. He directly owns 0.31% of the company's shares.
Karen C.Y. Chan, Chief Financial Officer
Karen C.Y. Chan was appointed Chief Financial Officer of Deswell Industries, effective February 2, 2026. She brings over 20 years of extensive financial experience, specializing in accounting, mergers and acquisitions, and initial public offerings for Hong Kong-listed companies. Ms. Chan began her career at Deloitte Touche Tohmatsu and first joined Deswell in 2004, serving as Finance and Administration Manager for a key subsidiary for four years. Most recently, she held the position of Chief Financial Officer at SIM Technology Group Ltd. Ms. Chan holds a Bachelor of Business Administration in Accountancy and a Master of Science in Finance from The Chinese University of Hong Kong and is a member of the Hong Kong Institute of Certified Public Accountants.
Wai Ming Lau, Chairman of the Board
Ms. Wai Ming Lau was elected Chairman of the Board of Deswell Industries, effective February 19, 2024. She was elected to the Board of Directors by the company's shareholders on February 6, 2024. Prior to joining Deswell, Ms. Lau was an Executive Director at PAG Consulting, where she led Global Human Capital operations. She also spent over 13 years at Goldman Sachs, including a role as an Executive Director in the Finance Division. Earlier in her career, Ms. Lau worked at Deloitte Touche Tohmatsu in its Assurance and Tax Advisory Services division for seven years, culminating in a managerial position. She was accredited by The American Institute of Certified Public Accountants in 2003 and received her bachelor's degree in accountancy from The George Washington University in 2001.
Chin Pang Li, Executive Director
Mr. Chin Pang Li has served Deswell Industries as a Member of the Board of Directors and in various executive capacities since its inception in 1987. He became Secretary of the company in February 1995 and Chief Financial Officer in May 1995, a position he held until March 31, 2006. Mr. Li received his Bachelor of Science degree from Chun Yan Institute College, Taiwan in 1967.
Yiu Sing Poon, General Manager (Plastic Operations)
Mr. Yiu Sing Poon has been working in one of Deswell Industries' major subsidiaries since 2002 and was appointed as a General Manager of a major subsidiary since 2022. He has been working in the plastic injection manufacturing industrial field for 21 years and received his bachelor's degree in mechanical engineering design from Northeastern University in Massachusetts in 2002.
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The key risks for Deswell Industries (DSWL) are:
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Dependence on Original Equipment Manufacturers (OEMs) and Contract Manufacturers, and Fluctuations in End-Market Demand: Deswell Industries manufactures and sells components and subassemblies to original equipment manufacturers and contract manufacturers across various industries. This business model inherently ties its success to the production volumes and market demand experienced by its customers. Any reduction in orders from major customers, changes in customer sourcing strategies, or cyclical downturns in the end markets served by their customers (such as consumer electronics, industrial products, or medical devices) could significantly impact Deswell’s revenues and profitability.
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Exposure to Rapid Technological Change and Intense Competition in Electronic Products: The company’s Electronic Products Assembling segment produces a range of electronic goods, including digital and analog mixing consoles, amplifiers, audio interfaces, network audio equipment, consumer audio products, printed circuit board assemblies, and IoT products. These markets are characterized by rapid technological advancements, evolving consumer preferences, and intense competition. Failure to innovate, adapt to new technologies, or offer competitively priced products could lead to obsolescence and a decline in demand for their electronic offerings.
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Geopolitical and Macroeconomic Risks, Including International Trade Policies and Economic Conditions: Deswell Industries is based in Macau and sells its products primarily in China, the United States, Hong Kong, the United Kingdom, Norway, Holland, and Canada. This international presence exposes the company to various geopolitical and macroeconomic risks, including trade tariffs, protectionist policies, currency fluctuations, and economic slowdowns in key markets. Tensions between countries, such as trade disputes between the U.S. and China, could disrupt supply chains, increase operational costs, or reduce demand in significant sales regions.
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Deswell Industries (DSWL) operates in several addressable markets related to its manufacturing of injection-molded plastic parts, electronic products, and metallic molds.
Here are the estimated market sizes for their main products and services:
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Plastic Injection Molding: The global injection molded plastic market was valued at approximately USD 346.9 billion in 2024. Another estimate places the global injection molding market size at USD 298.7 billion in 2024. This market is projected to grow to USD 485.27 billion by 2033, with a compound annual growth rate (CAGR) of 3.8% from 2026 to 2033. Asia Pacific held the largest revenue share in the injection molding market in 2024.
For plastics used specifically in electronic components, the global market was estimated at USD 37.72 billion in 2023 and is projected to reach USD 53.27 billion by 2030, growing at a CAGR of 5.2% from 2024 to 2030. The global plastics in consumer electronics market size is estimated at USD 6.77 billion in 2025 and is predicted to increase to approximately USD 9.82 billion by 2035. Another source valued the global Plastics in Consumer Electronics Market Size at USD 14.49 billion in 2023, expected to reach USD 27.20 billion by 2033.
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Electronic Products:
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Professional Audio Equipment: The global professional audio equipment market size was valued at USD 16.32 billion in 2024 and is expected to expand at a CAGR of 5.9% from 2025 to 2032, reaching USD 25.83 billion by 2032.
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Consumer Audio Products: The global consumer audio market size was valued at USD 112.84 billion in 2024 and is expected to grow to USD 343.60 billion by 2033, exhibiting a CAGR of 13.17% from 2025 to 2033. Another estimate for the global consumer audio market in 2024 is USD 93.9 billion.
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Printed Circuit Board (PCB) Assemblies: The global PCB assembly market was valued at USD 98.9 billion in 2024 and reached USD 103.6 billion in 2025. It is projected to reach USD 176.6 billion by 2035, growing at a CAGR of 5.5% from 2026 to 2035.
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IoT Products: The global Internet of Things (IoT) market size reached USD 1,022.6 billion in 2024. It is expected to reach USD 3,486.8 billion by 2033, exhibiting a growth rate (CAGR) of 14.6% during 2025-2033. Another source indicates the global Internet of Things (IoT) market size was valued at USD 1.18 trillion in 2023 and is projected to reach USD 2.65 trillion by 2030.
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Metallic Molds: The global market for metal molds for plastic injection was valued at approximately USD 6.14 billion in 2024 and is expected to reach USD 8.87 billion by 2032. This market is projected to grow at a CAGR of roughly 4.17% between 2025 and 2032.
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Deswell Industries (DSWL) anticipates future revenue growth over the next two to three years will be primarily driven by strategic initiatives aimed at expanding its market presence and product portfolio. These expected drivers include:
- Expansion of Customer Base: Deswell Industries plans to grow its revenue by strategically expanding its overall customer base.
- Broadening Product Offerings: The company expects to drive future revenue through the expansion of its product offerings.
- Focus on the Commercial Audio Market: A specific area of growth for Deswell Industries is an increased focus on product offerings within the commercial audio market. This aligns with the company's existing Electronic Products Assembling segment, which includes various audio equipment.
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Capital Allocation Decisions (Last 3-5 Years)
Share Repurchases
- Deswell Industries' shares outstanding remained largely stable from 2021 to 2026, suggesting no significant share repurchases during this period.
- A buyback yield of 0.17% was noted, but specific dollar amounts or program details for recent years were not readily available.
Share Issuance
- The company's shares outstanding remained consistently around 15.94 million from 2021 to 2026, indicating no significant share issuances.
Capital Expenditures
- Capital expenditures were $1 million in fiscal year 2021, $2 million in fiscal year 2022, $1 million in fiscal year 2023, and $0 for both fiscal years 2024 and 2025.
- For the upcoming fiscal years, Deswell Industries projects annual capital expenditures of $1 million from 2026 through 2030.
- In the most recent 12-month period, capital expenditures were approximately $529,000.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Would You Still Hold Deswell Industries Stock If It Fell Another 30%? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 173.25 |
| Mkt Cap | 9.4 |
| Rev LTM | 7,826 |
| Op Inc LTM | 392 |
| FCF LTM | 411 |
| FCF 3Y Avg | 282 |
| CFO LTM | 575 |
| CFO 3Y Avg | 413 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 12.8% |
| Rev Chg 3Y Avg | -0.9% |
| Rev Chg Q | 17.8% |
| QoQ Delta Rev Chg LTM | 4.2% |
| Op Inc Chg LTM | 16.1% |
| Op Inc Chg 3Y Avg | 3.2% |
| Op Mgn LTM | 4.9% |
| Op Mgn 3Y Avg | 4.6% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 5.2% |
| CFO/Rev 3Y Avg | 5.8% |
| FCF/Rev LTM | 3.5% |
| FCF/Rev 3Y Avg | 3.9% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Electronic products | 56 | 57 | 62 | 63 | 45 |
| Injection molded plastic parts | 11 | 12 | 16 | 23 | 20 |
| Sales eliminations | -0 | ||||
| Total | 68 | 69 | 77 | 86 | 65 |
| $ Mil | 2025 | 2024 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|
| Electronic products | 6 | 6 | 7 | 5 | 3 |
| Injection molded plastic parts | -1 | -1 | 11 | 12 | 13 |
| Corporate expenses | -1 | -1 | |||
| Metallic parts | 0 | 0 | -1 | ||
| Total | 3 | 4 | 18 | 17 | 15 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Injection molded plastic parts | 72 | 63 | 68 | 74 | 73 |
| Electronic products | 48 | 48 | 42 | 41 | 35 |
| Total | 120 | 111 | 110 | 115 | 108 |
Price Behavior
| Market Price | $3.63 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 07/19/1995 | |
| Distance from 52W High | -6.8% | |
| 50 Days | 200 Days | |
| DMA Price | $3.28 | $3.19 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 10.6% | 13.9% |
| 3M | 1YR | |
| Volatility | 39.5% | 45.0% |
| Downside Capture | -43.97 | 3.38 |
| Upside Capture | 42.72 | 35.95 |
| Correlation (SPY) | 8.3% | 7.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.08 | 0.18 | 0.10 | 0.24 | 0.31 | 0.23 |
| Up Beta | 2.81 | 2.04 | 0.52 | 0.07 | 0.09 | -0.01 |
| Down Beta | 1.13 | -0.25 | 0.24 | 0.65 | 0.71 | 0.74 |
| Up Capture | -13% | 28% | 34% | 20% | 44% | 6% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 12 | 18 | 29 | 55 | 115 | 341 |
| Down Capture | -194% | -76% | -101% | 8% | -11% | 3% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 9 | 21 | 29 | 61 | 119 | 345 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DSWL | |
|---|---|---|---|---|
| DSWL | 29.1% | 45.0% | 0.69 | - |
| Sector ETF (XLK) | 38.6% | 24.7% | 1.27 | 8.7% |
| Equity (SPY) | 18.5% | 12.7% | 1.06 | 7.3% |
| Gold (GLD) | 17.6% | 28.1% | 0.57 | 2.0% |
| Commodities (DBC) | 35.2% | 19.1% | 1.45 | -6.8% |
| Real Estate (VNQ) | 11.6% | 13.9% | 0.55 | -0.2% |
| Bitcoin (BTCUSD) | -45.1% | 42.9% | -1.28 | -0.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DSWL | |
|---|---|---|---|---|
| DSWL | 2.8% | 40.3% | 0.18 | - |
| Sector ETF (XLK) | 19.5% | 25.6% | 0.68 | 6.2% |
| Equity (SPY) | 12.6% | 17.1% | 0.57 | 6.5% |
| Gold (GLD) | 16.8% | 18.4% | 0.74 | 1.0% |
| Commodities (DBC) | 9.8% | 19.5% | 0.39 | 4.0% |
| Real Estate (VNQ) | 2.6% | 18.9% | 0.03 | 5.7% |
| Bitcoin (BTCUSD) | 15.8% | 53.4% | 0.47 | 5.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with DSWL | |
|---|---|---|---|---|
| DSWL | 16.0% | 37.0% | 0.51 | - |
| Sector ETF (XLK) | 24.4% | 24.8% | 0.89 | 6.5% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 7.8% |
| Gold (GLD) | 11.2% | 16.1% | 0.57 | 2.1% |
| Commodities (DBC) | 7.4% | 17.9% | 0.33 | 4.5% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 7.9% |
| Bitcoin (BTCUSD) | 58.7% | 66.2% | 0.99 | 4.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/13/2025 | 6-K |
| 03/31/2025 | 07/29/2025 | 20-F |
| 09/30/2024 | 11/15/2024 | 6-K |
| 03/31/2024 | 08/09/2024 | 20-F |
| 09/30/2023 | 11/17/2023 | 6-K |
| 03/31/2023 | 07/28/2023 | 20-F |
| 09/30/2022 | 11/18/2022 | 6-K |
| 03/31/2022 | 07/28/2022 | 20-F |
| 09/30/2021 | 11/22/2021 | 6-K |
| 03/31/2021 | 07/23/2021 | 20-F |
| 09/30/2020 | 11/10/2020 | 6-K |
| 03/31/2020 | 07/17/2020 | 20-F |
| 09/30/2019 | 11/15/2019 | 6-K |
| 03/31/2019 | 07/12/2019 | 20-F |
| 09/30/2018 | 11/15/2018 | 6-K |
| 03/31/2018 | 07/13/2018 | 20-F |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/13/2025 | 6-K |
| 03/31/2025 | 07/29/2025 | 20-F |
| 09/30/2024 | 11/15/2024 | 6-K |
| 03/31/2024 | 08/09/2024 | 20-F |
| 09/30/2023 | 11/17/2023 | 6-K |
| 03/31/2023 | 07/28/2023 | 20-F |
| 09/30/2022 | 11/18/2022 | 6-K |
| 03/31/2022 | 07/28/2022 | 20-F |
| 09/30/2021 | 11/22/2021 | 6-K |
| 03/31/2021 | 07/23/2021 | 20-F |
| 09/30/2020 | 11/10/2020 | 6-K |
| 03/31/2020 | 07/17/2020 | 20-F |
| 09/30/2019 | 11/15/2019 | 6-K |
| 03/31/2019 | 07/12/2019 | 20-F |
| 09/30/2018 | 11/15/2018 | 6-K |
| 03/31/2018 | 07/13/2018 | 20-F |
| 09/30/2017 | 11/16/2017 | 6-K |
| 03/31/2017 | 07/14/2017 | 20-F |
| 09/30/2016 | 11/17/2016 | 6-K |
| 03/31/2016 | 07/27/2016 | 20-F |
| 12/31/2015 | 03/11/2016 | 6-K |
| 09/30/2015 | 11/12/2015 | 6-K |
| 06/30/2015 | 09/04/2015 | 6-K |
| 03/31/2015 | 07/28/2015 | 20-F |
| 12/31/2014 | 02/13/2015 | 6-K |
| 09/30/2014 | 01/08/2015 | 6-K |
| 06/30/2014 | 08/22/2014 | 6-K |
| 03/31/2014 | 07/11/2014 | 20-F |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Electronic Components Resources |
| Electronic Products |
| DigiKey Insights |
| Mouser Insights |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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