TungRay Technologies Inc.
TungRay Technologies Inc. is an engineer-to-order industrial technology company that delivers custom manufacturing solutions for original equipment manufacturers. The company focuses on tailored systems and components used in sectors such as semiconductors, printers, electronics, and home appliances. Its product portfolio includes custom industrial solutions, direct-drive and linear DC motors, as well as induction welding equipment designed for specialized production environments. TungRay Technologies Inc. serves customers that require highly customized, precision-engineered equipment integrated into complex manufacturing lines. The company generates most of its revenue from Singapore, with additional contributions from China, positioning it within key Asia-based manufacturing hubs. By concentrating on engineered-to-order projects rather than standardized products, TungRay Technologies Inc. plays a niche role in supporting high-mix, high-precision industrial production for global OEMs seeking tailored hardware solutions.
$1.17
-$0.03 (-2.75%)
EOD Oct 16, 2026
The business is unprofitable at the operating level (-1.55% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 22.0% YoY with margins expanding 3.6pp.
Negative free cash flow of -$4M. The business is consuming cash, not generating it.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$16M
▲ +22.0% YoY
Net Income (TTM)
-$170K
▲ +70.2% YoY
Op. Margin
-1.55%
▲ +3.6pp YoY
ROIC
-0.94%
▲ +1.8pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$4M
▼ -23.1% YoY
Op. Cash Flow (TTM)
-$3M
▼ -228.7% YoY
Net Debt
-$4M
Net Cash Position
Cash & Equiv.
$7M
3Y CAGR: -1.5%
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Is TungRay Technologies (TRSG) overvalued?
TungRay Technologies (TRSG)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, TungRay Technologies scores 18/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is TungRay Technologies a high-quality business?+
TungRay Technologies scores 18 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -1.5% operating margin and a -0.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is TungRay Technologies a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh TRSG's valuation and scores 18/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.