| Company Name: | Technology Research Corporation | | Ticker Symbol: | TRCI | | | WWW Address: | www.trci.net | | CEO: | Owen Farren | | No. of Employees: | 373 | | Common Issue Type: | CS | | Business Description: | The company is engaged in the design, manufacture and marketing of electrical safety products that save lives, protect people against serious injury from electrical shock and/or prevent electrical fires in the home and workplace.
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| | | Industry Information: | INDUSTRIAL - Industral Electrical Equipment [more like this] |
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| Price | Day Change | Bid | Ask | Open | High | Low | Volume | | 3.8 |  0.04 | 3.7 | 4.09 | 3.8 | 3.82 | 3.75 | 12350 |
| Market Cap (mil) | Shares Outstanding (mil) | Beta | EPS | DPS | P/E | Yield | 52-Wks-Range |
| 22.4 | 5.9 | 1.11 | 0.28 | 0.08 | 7.4 | 2.1 | 4.24 - 1.32 |
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| KEY FIGURES (Latest Twelve Months - LTM) | | Yesterday's Close | 3.76 | $ | | PE Ratio - LTM | 7.4 | |
| Market Capitalisation | 22.1 | mil |
| Latest Shares Outstanding | 5.9 | mil |
| Earnings pS (EPS) | 0.28 | $ |
| Dividend pS (DPS) | 0.08 | ¢ |
| Dividend Yield | 2.1 | % |
| Dividend Payout Ratio | 29 | % |
| Revenue per Employee | 90,437 | $ |
| Effective Tax Rate | 23.4 | % |
| Float | 5.1 | mil |
| Float as % of Shares Outstanding | 86.4 | % |
| Foreign Sales | 0 | mil |
| Domestic Sales | 0 | mil |
| Selling, General & Adm/tive (SG&A) as % of Revenue | 19.10 | % |
| Research & Devlopment (R&D) as % of Revenue | 7.30 | % |
| Gross Profit Margin | 41.2 | % |
| EBITDA Margin | 14.7 | % |
| Pre-Tax Profit Margin | 12.2 | % |
| Assets Turnover | 1.3 | % |
| Return on Assets (ROA) | 11.3 | % |
| Return on Equity (ROE) | 12.9 | % |
| Return on Capital Invested (ROCI) | 12.7 | % |
| Current Ratio | 8.1 | |
| Leverage Ratio (Assets/Equity) | 1.1 | |
| Interest Cover | 712.5 | |
| Total Debt/Equity (Gearing Ratio) | 0.01 | |
| LT Debt/Total Capital | 1.0 | % |
| Working Capital pS | 3.57 | $ |
| Cash pS | 1.20 | $ |
| Book-Value pS | 4.06 | $ |
| Tangible Book-Value pS | 4.00 | $ |
| Cash Flow pS | 0.71 | $ |
| Free Cash Flow pS | 0.79 | $ |
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| KEY FIGURES (LTM): Price info |
| Price/Book Ratio | 0.93 | |
| Price/Tangible Book Ratio | 0.94 | |
| Price/Cash Flow | 5.3 | |
| Price/Free Cash Flow | 4.7 | |
| P/E as % of Industry Group | 0.0 | % |
| P/E as % of Sector Segment | 21.0 | % |
| | | Balance Sheet (at a glance) in Millions |
| | | | | | DIVIDEND INFO | | Dividend Declared Date | 09/01/2009 |
| Dividend Ex-Date | 09/27/2009 |
| Dividend Record Date | 09/29/2009 |
| Dividend Pay Date | 10/14/2009 |
| Dividend Amount | 20 |
| Type of Payment | Cash Payment |
| Dividend Rate | 0.08 |
| Current Dividend Yield | 2.1 |
| 5-Y Average Dividend Yield | 2.4 |
| Payout Ratio | 29.0 |
| 5-Y Average Payout Ratio | 45.0 |
|  | | Share price performance previous 3 years |
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 | | | Share price performance intraday |
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| PRICE/VOLUME | High | Low | Close | % Price Chg | % Price Chg vs. Mkt. | Avg. Daily Vol | Total Vol |
| 1 Week | - | - | - | 0.8 | 99 | 147 | 187 |
| 4 Weeks | 4.24 | 3.20 | 3.60 | 4.4 | 98 | 302 | 5,133 |
| 13 Weeks | 4.24 | 3.20 | 3.52 | 6.8 | 99 | 303 | 18,513 |
| 26 Weeks | 4.24 | 1.78 | 1.79 | 109.6 | 174 | 220 | 27,462 |
| 52 Weeks | 4.24 | 1.32 | 1.73 | 117.3 | 176 | 134 | 33,245 |
| YTD | 4.24 | 1.32 | - | 121.2 | 181 | 138 | 31,306 |
| Moving Average | 5-Days | 10-Days | 10-Weeks | 30-Weeks | 200-Days | Beta (60-Mnth) | Beta (36-Mnth) |
| 3.75 | 3.79 | 3.61 | 2.95 | 2.63 | 1.11 | 0.88 |
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| GROWTH RATES | 5-Year
Growh | R² of 5-Year Growth | 3-Year
Growth |
| Revenue | -0.54 | 0.5 | -6.51 |
| Income | -8.55 | 5.8 | 12.62 |
| Dividend | 7.05 | 85.2 | 7.27 |
| Capital Spending | -10.51 | NA | -6.89 |
| R&D | 6.67 | NA | 7.60 |
| Normalized Inc. | -9.70 | NA | 10.29 |
| | | CHANGES | YTD vs.
Last YTD | Curr Qtr vs.
Qtr 1-Yr ago | Annual vs.
Last Annual |
| Revenue % | 7.8 | 3.5 | -9.2 |
| Earnings % | 144.2 | 29.7 | 360.7 |
| EPS % | 135.3 | 25.0 | 366.7 |
| EPS $ | 0.23 | 0.04 | 0.22 |
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| SOLVENCY RATIOS | | SHORT-TERM SOLVENCY RATIOS (LIQUIDITY) |
| Net Working Capital Ratio | 70.66 |
| Current Ratio | 5.7 |
| Quick Ratio (Acid Test) | 3.4 |
| Liquidity Ratio (Cash) | 1.81 |
| Receivables Turnover | 4.9 |
| Average Collection Period | 73 |
| Working Capital/Equity | 83.8 |
| Working Capital pS | 3.06 |
| Cash-Flow pS | 0.48 |
| Free Cash-Flow pS | 0.24 |
| FINANCIAL STRUCTURE RATIOS |
| Altman's Z-Score Ratio | 5.87 |
| Financial Leverage Ratio (Assets/Equity) | 1.2 |
| Debt Ratio | 15.7 |
| Total Debt/Equity (Gearing Ratio) | 0.01 |
| LT Debt/Equity | 0.01 |
| LT Debt/Capital Invested | 0.7 |
| LT Debt/Total Liabilities | 2.8 |
| Interest Cover | 215.0 |
| Interest/Capital Invested | 0.05 |
| | | | VALUATION RATIOS | | MULTIPLES |
| PQ Ratio | 0.56 |
| Tobin's Q Ratio | 0.87 |
| Current P/E Ratio - LTM | 7.40 |
| Enterprise Value (EV)/EBITDA | 7.06 |
| Enterprise Value (EV)/Free Cash Flow | 34.73 |
| Dividend Yield | 2.1 |
| Price/Tangible Book Ratio - LTM | 0.94 |
| Price/Book Ratio - LTM | 0.93 |
| Price/Cash Flow Ratio | 5.3 |
| Price/Free Cash Flow Ratio - LTM | 4.7 |
| Price/Sales Ratio | 0.63 |
| P/E Ratio (1 month ago) - LTM | 7.2 |
| P/E Ratio (26 weeks ago) - LTM | 6.4 |
| P/E Ratio (52 weeks ago) - LTM | 21.6 |
| 5-Y High P/E Ratio | 94.2 |
| 5-Y Low P/E Ratio | 4.7 |
| 5-Y Average P/E Ratio | 21.7 |
| Current P/E Ratio as % of 5-Y Average P/E | 34 |
| P/E as % of Industry Group | 0.0 |
| P/E as % of Sector Segment | 21.0 |
| Current 12 Month Normalized P/E Ratio - LTM | 7.4 |
| PER SHARE FIGURES |
| LT Debt pS | 0.02 |
| Current Liabilities pS | 0.65 |
| Tangible Book Value pS - LTM | 4.00 |
| Book Value pS - LTM | 4.06 |
| Capital Invested pS | 3.67 |
| Cash pS - LTM | 1.20 |
| Cash Flow pS - LTM | 0.71 |
| Free Cash Flow pS - LTM | 0.79 |
| Earnings pS (EPS) | 0.28 |
| | | | OPERATING RATIOS | | PROFITABILITY RATIOS |
| Free Cash Flow Margin | 4.18 |
| Free Cash Flow Margin 5YEAR AVG | -1.19 |
| Net Profit Margin | 4.9 |
| Net Profit Margin - 5YEAR AVRG. | 3.9 |
| Equity Productivity | 1.57 |
| Return on Equity (ROE) | 7.6 |
| Return on Equity (ROE) - 5YEAR AVRG. | 7.8 |
| Capital Invested Productivity | 1.56 |
| Return on Capital Invested (ROCI) | 7.6 |
| Return on Capital Invested (ROCI) - 5YEAR AVRG. | 7.3 |
| Assets Productivity | 1.30 |
| Return on Assets (ROA) | 6.4 |
| Return on Assets (ROA) - 5YEAR AVRG. | 5.4 |
| Gross Profit Margin | 41.2 |
| Gross Profit Margin - 5YEAR AVRG. | 28.7 |
| EBITDA Margin - LTM | 14.7 |
| EBIT Margin - LTM | 12.2 |
| Pre-Tax Profit Margin | 6.3 |
| Pre-Tax Profit Margin - 5YEAR AVRG. | 4.8 |
| Effective Tax Rate | 23.4 |
| Effective Tax Rate - 5YEAR AVRG. | 6.3 |
| EFFICIENCY RATIOS |
| Cash Conversion Cycle | 199 |
| Revenue per Employee | 90,437 |
| Net Income per Employee | 4,397 |
| Average Collection Period | 64 |
| Receivables Turnover | 4.9 |
| Day's Inventory Turnover Ratio | 135 |
| Inventory Turnover | 2.7 |
| Inventory/Sales | 23.8 |
| Accounts Payble/Sales | 3.88 |
| Assets/Revenue | 0.77 |
| Net Working Capital Turnover | 1.87 |
| Fixed Assets Turnover | 9.30 |
| Total Assets Turnover | 1.3 |
| Revenue per $ Cash | 11.42 |
| Revenue per $ Plant | 10.58 |
| Revenue per $ Common Equity | 1.57 |
| Revenue per $ Capital Invested | 1.56 |
| Selling, General & Adm/tive (SG&A) as % of Revenue | 22.3 |
| SG&A Expense as % of Revenue - 5YEAR AVRG. | 17.3 |
| Research & Devlopment (R&D) as % of Revenue | 7.1 |
| R&D Expense as % of Revenue - 5YEAR AVRG. | 7.1 |
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