U.S. markets close in 4 hours 8 minutes

SigmaTron International, Inc. (SGMA)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
Add to watchlist
3.5500-0.1100 (-3.01%)
As of 11:51AM EDT. Market open.
Full screen
Trade prices are not sourced from all markets
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Bullishpattern detected
Momentum

Momentum

Previous Close3.6600
Open3.5850
Bid3.5200 x 1000
Ask3.5500 x 900
Day's Range3.5300 - 3.6900
52 Week Range2.1300 - 5.6700
Volume2,664
Avg. Volume50,166
Market Cap15.061M
Beta (5Y Monthly)1.13
PE Ratio (TTM)N/A
EPS (TTM)-0.2000
Earnings DateSep 09, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-27% Est. Return
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • Does SigmaTron International's (NASDAQ:SGMA) CEO Salary Compare Well With The Performance Of The Company?
    Simply Wall St.

    Does SigmaTron International's (NASDAQ:SGMA) CEO Salary Compare Well With The Performance Of The Company?

    Gary Fairhead has been the CEO of SigmaTron International, Inc. (NASDAQ:SGMA) since 1993, and this article will...

  • GlobeNewswire

    SigmaTron International, Inc. Reports First Quarter Financial Results for Fiscal 2021

    ELK GROVE VILLAGE, Ill., Sept. 09, 2020 (GLOBE NEWSWIRE) -- SigmaTron International, Inc. (NASDAQ: SGMA), an electronic manufacturing services company, today reported revenues and earnings for the fiscal quarter ended July 31, 2020. Revenues decreased to $60.5 million in the first quarter of fiscal 2021 from $74.0 million for the same quarter in the prior year.  The Company incurred a net loss of $900,666 for the quarter ended July 31, 2020 compared to net income of $361,025 for the same period in the prior year.  Basic and diluted loss per share for the quarter ended July 31, 2020, were each $0.21, compared to basic and diluted earnings per share of $0.09 each for the same quarter ended July 31, 2019.Commenting on SigmaTron’s first quarter fiscal 2021 results, Gary R. Fairhead, President, Chief Executive Officer and Chairman of the Board, said, “As previously reported in our fiscal year 2020 press release and 10-K, SigmaTron is reporting a pre-tax loss for the first quarter of fiscal 2021.  Over the past two quarters we have experienced a v-shaped curve in terms of revenue:  February was close to forecast, March was a 10% decline, April and May’s decline was 30% or greater, followed by a significant rebound in June and a full recovery in July.  The May pre-tax loss was greater than the loss for the entire quarter so we were slightly above breakeven for the last two months of the first quarter of fiscal 2021.“During the first quarter results were negatively affected by the revenue decline and manufacturing inefficiencies caused by COVID, especially in Mexico.  Several of our plants were shut down while we were required to incur continuing labor costs and as they reopened, we experienced significant inefficiencies.  None of this is a surprise given the far-reaching effects of the pandemic.“As disappointing as the first quarter was, the second quarter is as encouraging.  The backlog for the second quarter is strong and while several of our major customers continue to be negatively affected by the pandemic, others have benefitted and are compensating for those customers with lower than expected revenue.  As stated in our 10-K, the full impact of the pandemic will depend on future developments, which are highly uncertain and cannot be predicted.  And there is no doubt that customers are also mindful of the election in November.“As reported at fiscal 2020 year-end, the Company elected to account for its PPP Loan by using loan accounting.  There is no effect from any potential loan forgiveness reflected in our first quarter results.  Once the procedure to apply for forgiveness is finalized by the government, the Company currently plans to apply for the forgiveness of the entire loan.“Also, as previously reported, the Company and Wagz, Inc. entered into a Letter of Intent under which the Company and Wagz would be combined by the end of August 2020.  To date that has not happened but both companies are continuing to work towards closing the deal by the end of our second fiscal quarter.  We will report on that separately when appropriate.“In summary, the current trend for the Company is heading in the right direction.  Obviously, uncertainty remains regarding the general economy because of the pandemic and the election.  In spite of this, we continue to land new customers and are working on several significant new opportunities.  We are enthusiastic about our pending deal with Wagz.  All of the aforementioned leads us to believe that better times are ahead.”About SigmaTron International, Inc.Headquartered in Elk Grove Village, Illinois, SigmaTron International, Inc. is an electronic manufacturing services company that provides printed circuit board assemblies and completely assembled electronic products.  SigmaTron International, Inc. operates manufacturing facilities in Elk Grove Village, Illinois; Acuna, Chihuahua, and Tijuana Mexico; Union City, California; Suzhou, China, and Biên Hòa City, Vietnam.  SigmaTron International, Inc. maintains engineering and materials sourcing offices in Elgin, Illinois and Taipei, Taiwan.Forward-Looking StatementsNote:  This press release contains forward-looking statements.  Words such as “continue,” “anticipate,” “will,” “expect,” “believe,” “plan,” and similar expressions identify forward-looking statements.  These forward-looking statements are based on the current expectations of the Company.  Because these forward-looking statements involve risks and uncertainties, the Company’s plans, actions and actual results could differ materially.  Such statements should be evaluated in the context of the direct and indirect risks and uncertainties inherent in the Company’s business including, but not necessarily limited to, the Company’s continued dependence on certain significant customers; the continued market acceptance of products and services offered by the Company and its customers; pricing pressures from the Company’s customers, suppliers and the market; the activities of competitors, some of which may have greater financial or other resources than the Company; the variability of the Company’s operating results; the results of long-lived assets impairment testing; the ability to achieve the expected benefits of acquisitions; the collection of aged account receivables; the variability of the Company’s customers’ requirements; the availability and cost of necessary components and materials; the ability of the Company and its customers to keep current with technological changes within its industries; regulatory compliance, including conflict minerals; the continued availability and sufficiency of the Company’s credit arrangements, including the phase-out of LIBOR; the ability to meet the Company’s financial covenant; changes in U.S., Mexican, Chinese, Vietnamese or Taiwanese regulations affecting the Company’s business; the turmoil in the global economy and financial markets; the spread of COVID-19 (commonly known as “Coronavirus”) which has threatened the Company’s financial stability by causing a decrease in consumer revenues, caused a disruption to the Company’s global supply chain, caused plant closings or reduced operations thus reducing output at those facilities; the stability of the U.S., Mexican, Chinese, Vietnamese and Taiwanese economic, labor and political systems and conditions; currency exchange fluctuations; and the ability of the Company to manage its growth.  These and other factors which may affect the Company’s future business and results of operations are identified throughout the Company’s Annual Report on Form 10-K, and as risk factors, may be detailed from time to time in the Company’s filings with the Securities and Exchange Commission.  These statements speak as of the date of such filings, and the Company undertakes no obligation to update such statements in light of future events or otherwise unless otherwise required by law.Financial tables follow…             CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS                 Three Months Three Months   Ended Ended   July 31,  July 31,    2020   2019        Net sales $60,524,956  $74,009,981        Cost of products sold  56,252,765   67,049,649        Gross profit  4,272,191   6,960,332        Selling and administrative expenses  5,059,525   5,827,326        Operating (loss) income  (787,334)  1,133,006        Other expense  334,166   524,866        (Loss) income before income tax  (1,121,500)  608,140        Income tax (benefit) expense  (220,834)  247,115        Net (loss) income ($900,666) $361,025              Net (loss) income per common share - basic ($0.21) $0.09        Net (loss) income per common share - assuming dilution($0.21) $0.09              Weighted average number of common equivalent         shares outstanding - assuming dilution  4,250,986   4,241,883                    CONDENSED CONSOLIDATED BALANCE SHEETS            July 31,  April 30,    2020   2020        Assets:           Current assets $123,189,280  $130,616,797        Machinery and equipment-net  33,632,655   33,935,760        Deferred income taxes  280,764   284,435  Intangibles  2,261,913   2,350,949  Other assets  9,482,870   8,891,090        Total assets $168,847,482  $176,079,031        Liabilities and stockholders' equity:           Current liabilities $60,797,911  $70,048,041        Long-term obligations  50,059,209   47,155,191        Stockholders' equity  57,990,362   58,875,799        Total liabilities and stockholders' equity $168,847,482  $176,079,031                      For Further Information Contact: SigmaTron International, Inc. Linda K. Frauendorfer 1-800-700-9095

  • GlobeNewswire

    SigmaTron International, Inc. Reports Year End Financial Results for Fiscal Year 2020

    ELK GROVE VILLAGE, Ill., Aug. 12, 2020 (GLOBE NEWSWIRE) -- SigmaTron International, Inc. (NASDAQ: SGMA), an electronic manufacturing services company, today reported revenues and earnings for the fiscal year ended April 30, 2020.  Revenues decreased to $281.0 million in fiscal year 2020 from $290.5 million in the prior fiscal year.  Net income increased to $443,102 in fiscal year 2020 compared to a net loss of $865,114 in fiscal year 2019.  Basic and diluted earnings per share for the fiscal year ended April 30, 2020 were each $0.10 compared to a loss per share of $0.20 each in fiscal year 2019.For the fourth quarter of fiscal year 2020, revenues decreased to $64.8 million compared to $73.3 million for the same quarter in the prior fiscal year.  Basic and diluted loss per share for the fiscal year 2020 fourth quarter were $0.09, respectively, compared to basic and diluted earnings per share of $0.23 each for the same period of fiscal year 2019.Commenting on SigmaTron’s results for both the fourth quarter and fiscal year ending April 30, 2020, Gary R. Fairhead, President, Chief Executive Officer and Chairman of the Board, said, “SigmaTron posted a pre-tax loss of $172,525 for the fourth quarter of fiscal 2020.  This led to a pre-tax profit of $1,093,134 for the fiscal year.  While it is always disappointing to report a quarterly loss, the results were impacted by operational interruptions and extraordinary expenses related to the COVID pandemic at all of our operations.  In some locations the interruptions and expenses were worse than others.  In addition to those problems we saw a dramatic drop in revenue of approximately 30% in the month of April as the pandemic and its effects grew rapidly in North America.“As previously reported, during the fourth quarter the Company received a $6.3M PPP Loan under the CARES Act.  If part or all of the loan is forgiven under the program, that benefit will be recorded in the quarter in which the forgiveness occurs.  The PPP Loan provided assistance to the Company as intended by the government, and we are grateful that such a program was made available to the Company.  During this period, we were able to avoid significant lay-offs or compensation reductions to our employees.“The first quarter of fiscal 2021 started the same as fiscal 2020 ended.  May’s revenue drop was similar to April’s and May’s results alone will result in a first quarter pre-tax loss.  However, the revenue trend was positive from month to month during the quarter and revenue is definitely trending in the right direction.  This, of course, is primarily based on our customers’ orders and backlog and while the economic recovery seems fragile at this time, the positive trend continues with current customers.  We are also seeing potential new opportunities with new and existing customers.“One of several disappointments tied to the COVID pandemic is that we were approaching the fourth quarter with significant momentum and a strong backlog.  We fully expected that it would be a strong quarter on its own and that we would be heading into fiscal 2021 with continued growth.  During the pandemic, we have seen several customers with an unexpected and un-forecasted uptick in demand while we’ve seen others have a precipitous drop in demand.  It’s hard to predict how these various markets will sort themselves out over the next several quarters.  We continue to believe that the trade war with China is a negative for the general economy as well as the Company.  It’s hard to see any progress in that area until after the election so it will remain a reality for the Company, our customers and our suppliers for several more quarters, at a minimum.“The one positive item to come out of the pandemic for the Company was the incredible performance by each of the operations during the quarter.  They had to deal with various governmental orders in five different countries, all of which had different requirements and regulations.  They had to deal with sick employees, some of whom were ultimately determined to have been infected by COVID-19.  In addition to dealing with disrupted supply chains in terms of component availability and uncertain transportation, all locations had to deal with customers that had businesses that were uncertain from day to day.  In spite of all these obstacles, all of the operations and Corporate departments found a way to get the job done and support our customers’ needs.  It was amazing to see the dedication to the Company and their jobs that the entire team performed in the wake of such uncertainty.  Many of our customers thanked us for our exceptional support and service and the entire team should be proud of what we have accomplished during this unprecedented time.“As always, I want to thank our customers, supply chain, our bank, our Board of Directors in addition to our employees for their continued support of the Company during a difficult period.  I am pleased that we are able to report positive results for the entire fiscal year.”About SigmaTron International, Inc.Headquartered in Elk Grove Village, Illinois, SigmaTron International, Inc. is an electronic manufacturing services company that provides printed circuit board assemblies and completely assembled electronic products.  SigmaTron International, Inc. operates manufacturing facilities in Elk Grove Village, Illinois; Acuna, Chihuahua, and Tijuana Mexico; Union City, California; Suzhou, China, and Biên Hòa City, Vietnam.  SigmaTron International, Inc. maintains engineering and materials sourcing offices in Elgin, Illinois and Taipei, Taiwan.Forward-Looking StatementsNote:  This press release contains forward-looking statements.  Words such as “continue,” “anticipate,” “will,” “expect,” “believe,” “plan,” and similar expressions identify forward-looking statements.  These forward-looking statements are based on the current expectations of the Company.  Because these forward-looking statements involve risks and uncertainties, the Company’s plans, actions and actual results could differ materially.  Such statements should be evaluated in the context of the direct and indirect risks and uncertainties inherent in the Company’s business including, but not necessarily limited to, the Company’s continued dependence on certain significant customers; the continued market acceptance of products and services offered by the Company and its customers; pricing pressures from the Company’s customers, suppliers and the market; the activities of competitors, some of which may have greater financial or other resources than the Company; the variability of the Company’s operating results; the results of long-lived assets impairment testing; the ability to achieve the expected benefits of acquisitions; the collection of aged account receivables; the variability of the Company’s customers’ requirements; the availability and cost of necessary components and materials; the ability of the Company and its customers to keep current with technological changes within its industries; regulatory compliance, including conflict minerals; the continued availability and sufficiency of the Company’s credit arrangements, including the phase-out of LIBOR; the ability to meet the Company’s financial covenant; changes in U.S., Mexican, Chinese, Vietnamese or Taiwanese regulations affecting the Company’s business; the turmoil in the global economy and financial markets; the spread of COVID-19 (commonly known as “Coronavirus”) which has threatened the Company’s financial stability by causing a decrease in consumer revenues, caused a disruption to the Company’s global supply chain, caused plant closings or reduced operations thus reducing output at those facilities; the stability of the U.S., Mexican, Chinese, Vietnamese and Taiwanese economic, labor and political systems and conditions; currency exchange fluctuations; and the ability of the Company to manage its growth.  These and other factors which may affect the Company’s future business and results of operations are identified throughout the Company’s Annual Report on Form 10-K, and as risk factors, may be detailed from time to time in the Company’s filings with the Securities and Exchange Commission.  These statements speak as of the date of such filings, and the Company undertakes no obligation to update such statements in light of future events or otherwise unless otherwise required by law.Financial tables follow…            CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS                                    Three Months  Three Months  Twelve Months Twelve Months   Ended  Ended  Ended Ended   April 30,   April 30,   April 30,  April 30,    2020  2019  2020 2019              Net sales$64,769,921  $73,286,753  $281,042,482 $290,553,951              Cost of products sold  59,276,626  64,957,245    255,937,592 264,212,182              Gross profit  5,493,295    8,329,508    25,104,890   26,341,769              Selling and administrative expenses  5,295,041  5,972,015    22,292,309 23,263,117              Operating income   198,254  2,357,493    2,812,581 3,078,652              Other expense  370,779  568,497    1,719,447 2,212,351              (Loss) income before income tax   (172,525) 1,788,996    1,093,134 866,301              Income tax expense  189,542  808,036    650,032 1,731,415              Net (loss) income($362,067) $980,960  $443,102 ($865,114)                         Net income (loss) per common share -  basic($0.09) $0.23  $0.10 ($0.20)             Net income (loss) per common share -  assuming dilution($0.09) $0.23  $0.10 ($0.20)                         Weighted average number of common equivalent              shares outstanding - assuming dilution4,242,508  4,233,266  4,270,050 4,228,592                          CONDENSED CONSOLIDATED BALANCE SHEETS          April 30,  April 30,   2020 2019      Assets:         Current assets$130,616,797 $123,545,289      Machinery and equipment-net  33,935,760 33,232,769      Deferred income taxes  284,435 384,022 Intangibles  2,350,949 2,713,360 Other assets  8,891,090 1,589,325      Total assets$176,079,031 $161,464,765      Liabilities and stockholders' equity:         Current liabilities$70,048,041 $55,606,766      Long-term obligations  47,155,191 47,570,550      Stockholders' equity  58,875,799 58,287,449      Total liabilities and stockholders' equity$176,079,031 $161,464,765             For Further Information Contact: SigmaTron International, Inc. Linda K. Frauendorfer 1-800-700-9095