Macao-based Deswell Industries Inc. (NASDAQ:DSWL), a manufacturer of plastic parts and electronic products, announced today that it has filed its Annual Report on Form 20-F for the fiscal year ended March 31, 2024, with the United States Securities and Exchange Commission (SEC). The report, which includes audited financial statements, is now accessible on the SEC’s website.
Shareholders interested in receiving a paper copy of the fiscal 2024 Annual Report can request one free of charge from the company. Deswell has stated that it will provide the document within a reasonable time after such requests are made to its Macao office.
Deswell Industries specializes in the production of injection-molded plastic parts and components, as well as electronic products and subassemblies for original equipment manufacturers (OEMs) and contract manufacturers.
The company’s offerings include a broad range of plastic parts for consumer and industrial products, printed circuit board assemblies using surface mount technology, and finished products like telephones, professional audio equipment, home audio products, and Internet-of-Things (IoT) devices.
The company, which operates factories in the People’s Republic of China, highlighted in its announcement that shareholders and interested parties can learn more about Deswell Industries by visiting its website.
InvestingPro Insights
Deswell Industries Inc. (NASDAQ:DSWL) has demonstrated a solid financial position in the market, with several key metrics that may interest investors. The company’s market capitalization stands at a modest $37.77 million, reflecting its size in the industry. Notably, Deswell Industries boasts a very attractive price-to-earnings (P/E) ratio of 4.82, which drops even further to 5.46 when adjusted for the last twelve months as of Q4 2024. This metric suggests that the company’s shares could be undervalued relative to its earnings. Furthermore, the price-to-book (P/B) ratio as of the same period is 0.4, indicating that the stock might be trading at a price lower than the company’s net asset value.
Investors looking for income-generating investments may find Deswell’s dividend yield of 8.7% particularly appealing. This is complemented by the company’s impressive track record of maintaining dividend payments for 29 consecutive years. In addition to these features, Deswell has more cash than debt on its balance sheet, which is a reassuring sign of financial stability. The InvestingPro platform lists additional tips, including Deswell’s high shareholder yield and strong free cash flow yield, which could be indicative of the company’s potential to return value to its shareholders. With more investing tips available on InvestingPro, such as the company’s profitability over the last twelve months and its liquid assets exceeding short-term obligations, interested parties can explore deeper insights into Deswell’s financial health and investment potential.
For those seeking more comprehensive analysis and additional InvestingPro Tips, further details can be found by visiting https://www.investing.com/pro/DSWL.
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