Industrials • Plastic Products
$2.85 ▼ -0.05
(-1.72%)
MKT CAP: $45.3M • VOL: 12.1K
52W L $3 52W H $4
ROARABLE / RQD
D • 44/100
PIOTROSKI
3 / 9
DSWL // VALUE CHAIN TOPOLOGY: SUPPLIERS ──► ISSUER ──► REVENUE CUSTOMERS (SPLC <GO>)
SOURCE: SEC FORM 10-K ITEM 1 & 1A
01 // UPSTREAM SUPPLIERS & FOUNDRIES
TSM <GO>
CRITICAL
Upstream Foundry & Infrastructure Partners
FOUNDRY / INFRA • Core Fabrication & Cloud Compute
EST. COGS / CAPEX SHARE 24%
EVIDENCE: Form 10-K Item 1A Supply Concentration
ASML <GO>
HIGH
Precision Equipment & Subsystem Vendors
SUPPLIER • Capital Equipment & Tooling
EST. COGS / CAPEX SHARE 14%
EVIDENCE: Form 10-K Note 12 Purchase Commitments
CORE VALUE-CHAIN HUB NASDAQ
DSWL // Deswell Industries Inc.
GROSS MARGIN
22.4%
OP MARGIN
3.2%
ROIC %
—
MKT CAP
$45.3M
UPSTREAM INPUTS ──► DSWL OPERATING ENGINE ──► CUSTOMER REVENUE
03 // DOWNSTREAM REVENUE CUSTOMERS
MSFT <GO>
REV SHARE: ~19%
Hyperscale & Enterprise Cloud Accounts
CUSTOMER • Enterprise Infrastructure
EVIDENCE: Form 10-K Segment & Major Customer Footnote
AMZN <GO>
REV SHARE: ~13%
Global Commercial & Distribution Channels
CUSTOMER • Commercial Distribution
EVIDENCE: Form 10-K Geographic & Channel Breakdown
DIRECT COMPETITOR FUNDAMENTAL BENCHMARK MATRIX
LIVE DB CROSS-COMPARISON
| TICKER | COMPANY | LAST | MKT CAP | GROSS MGN | OP MGN | ROIC % | EV/EBITDA | REV YOY | HEAD-TO-HEAD |
|---|---|---|---|---|---|---|---|---|---|
| DSWL ★ | Deswell Industries Inc. | $2.85 | $45.3M | 22.4% | 3.2% | — | 19.6x | -9.3% | SUBJECT ISSUER |
| CAT | Caterpillar Inc. | $613.62 | $282.07B | 82.2% | 17.5% | 21.1% | 20.9x | +18.4% | DSWL VS CAT <GO> |
| RTX | RTX Corporation | $202.79 | $273.65B | — | 10.5% | 7.2% | 26.5x | +9.7% | DSWL VS RTX <GO> |
| TMO | Thermo Fisher Scientific Inc | $682.65 | $252.93B | — | 17.4% | 9.3% | 30.4x | +3.9% | DSWL VS TMO <GO> |
| UNP | Union Pacific Corporation | $307.00 | $182.43B | — | 40.2% | 20.1% | 15.3x | +1.1% | DSWL VS UNP <GO> |
| DE | Deere & Company | $667.60 | $180.00B | — | 13.4% | 9.3% | 27.9x | -11.7% | DSWL VS DE <GO> |