Not all Nasdaq tech stocks are trading with sky-high multiples. These five are actually available below their book value: that is, the stock price is less than the figure derived from subtracting total liabilities from total assets. Four of the five pay dividends. Each one has a 5-year earnings record.
5 Nasdaq Stocks Below Book Value.
Chipo’s Technologies ADR.
The semiconductor services company is based in Taiwan. According to the website, the company provides “a full range of back-end testing services for liquid crystal display (LCD) drivers, high density memory, and mixed-signal semiconductors.”
The market capitalization is $712 million and the stock is lightly traded with an average daily volume of just 19-thousand shares. This year’s earnings gained by 1.82% and EPS growth over the past five years is 10.68%.
Chipmos trades at a 9% discount to its book value with a price-earnings ratio of 13.72. The company offers investors a 5.55% dividend.
Joyy ADR.
The internet content and communications company operates social media platforms Bingo Live, Likee and Hago. From corporate headquarters in Singapore, Joyy says it employs 7000 people in 30 cities.
Earnings over the past five years have increased by 4.67% — they’re off this year by 7.68%. Market cap is $1.44 billion. The stock trades at 36% of its book value with a price-earnings ratio of 8.84. The debt-to-equity ratio is .02.
Average daily volume is 407-thousand shares. This one does not pay a dividend.
Kelly Services.
The staffing and employment services group is based in Troy, Michigan with operations centers in Singapore and Switzerland as well. The market capitalization for the name-brand firm is $506 million.
Five-year earnings growth is 11% and this year’s is off by 11%. With a price-earnings ratio of 12, shares go for 39% of book value. Average daily volume is a relatively light 217 thousand shares.
This month, Kelly Services paid a dividend of 2.11%.
Star Bulk Carriers.
The global shipping company operates from headquarters in Singapore, owns 176 vessels and says it ships 70 million metric tons of cargo every year. Market cap is $1.22 billion. This year’s earnings are up by 47% and up over the past five years by 18%.
The stock trades at 89% of its book value with a price-earnings ratio of 6.39. Star Bulk Carriers pays a dividend of 13% with the next ex-dividend date of December 5th 2024.
Taitron Components.
The company is a “national distributor of name-brand electronic components and supplier of original designed and manufactured electronic components,” according to the Taitron website. U. S. headquarters are found in Valencia, California with Asian operations centers in Shanghai and in New Taipei City.
Market capitalization is $15.81 million. EPS growth over the past five years is 4.85%. Shares trade at a 9% discount from book with a price-earnings ratio of 11.77. The debt-to-equity ratio is 0.0. Taitron pays a 7.62% dividend with an ex-date of November 15, 2024.
Stats courtesy of FinViz.com and charts courtesy of Stockcharts.com.
More analysis and commentary at johnnavin.substack.com.