Tungray Technologies Inc Class A Ordinary Shares (TRSG) fair value
Industrials · Metal Fabrication · NASDAQ · United States
$1.24+3.99%
Market cap $20MUpdated Oct 18, 2026
Our verdict
Trades 19% above our fair value
Price
$1.24
Model fair valueConfidence: low
about $1.04
Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
Not used by alerts or posts.
Valued as a loss-making company: Sales comps.
ACCE opinionTungray Technologies Inc Class A Ordinary Shares (TRSG)
Fair value (2 models)
Not available
ACCE price target
$1.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Price used: $1.24 at the close on 23 Oct 2026, 22:00 CEST.
Models: Sales comps.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
32
out of 100
1-year return
-14.5%
Dividend yield
0.00%
Tungray Technologies Inc Class A Ordinary Shares in four questions
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Overview
ACCE thesis
Tungray Technologies makes industrial equipment for water and wastewater treatment and related gas and chemical processing, with the product mix not spelled out in the data provided, so any claim beyond that would be guesswork. The company reports 10.9% revenue growth and a 45.9% gross margin, which is a solid spread for hardware, but operating margin is negative at -6.4% and ROE is -1.0%, so the gross profit is not yet covering overhead. At a market cap of about $20M, the stock is a micro-cap with no index membership and no earnings-based valuation to lean on (trailing and forward P/E both read zero, meaning no usable earnings). The 34/100 score reflects that profitability gap, and a PM would want to see evidence that operating losses are narrowing before spending time on a deeper look.
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
high
Earnings collapsing year over year
Earnings fell 53.1% year over year while revenue grew 10.9%, so margins are being squeezed. Operating margin is -6.4% and net margin is -0.1%.
high
Negative free cash flow
Free cash flow was $-2,902,060 against a $20M market cap, so the business is burning cash rather than generating it. ROE of -1.0% reflects the same weakness.
moderate
Price above ACCE target
The stock trades 24.0% above the ACCE price target of $1.00, with the price at $1.24. The ACCE score also fell from 44 to 34 over the past 90 days.
moderate
Extreme insider ownership
Insiders hold 78.9% of the shares and institutions hold only 4.2%. Thin institutional support and a small float can make the stock volatile.
AI research notes
AI-assisted·How I use AIWritten Oct 18, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 10.9% year over year, and has averaged 11.7% a year over five years.
Debt is modest at 0.16 times equity, so the balance sheet is not stretched.
The share count did not grow last year, so existing holders were not diluted.
Why it could disappoint
Free cash flow was negative at -$3M over the last twelve months, so the business is consuming cash.
Returns are negative: ROE is -1.0% and ROIC is -0.0%, so capital is not earning a profit.
The shares trade at $1.24, which is 24.0% above the ACCE price target of $1.00.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
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Valuation
INVESTOR
Where TRSG's valuation models land
Price
$1.24
Model fair valueConfidence: low
about $1.04
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