LITTELFUSE INC (LFUS)
US5370081045 - Common Stock
We assign a fundamental rating of 6 out of 10 to LFUS. LFUS was compared to 127 industry peers in the Electronic Equipment, Instruments & Components industry. LFUS gets an excellent profitability rating and is at the same time showing great financial health properties. LFUS is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year LFUS was profitable.
In the past year LFUS had a positive cash flow from operations.
Each year in the past 5 years LFUS has been profitable.
LFUS had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
LFUS has a Return On Assets of 5.56%. This is in the better half of the industry: LFUS outperforms 75.20% of its industry peers.
The Return On Equity of LFUS (8.87%) is better than 68.80% of its industry peers.
LFUS has a Return On Invested Capital of 7.72%. This is in the better half of the industry: LFUS outperforms 70.40% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LFUS is in line with the industry average of 9.32%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.56% | ||
| ROE | 8.87% | ||
| ROIC | 7.72% |
ROA(3y)8.35%
ROA(5y)7.05%
ROE(3y)14.11%
ROE(5y)11.94%
ROIC(3y)11.31%
ROIC(5y)9.59%
1.3 Margins
LFUS has a better Profit Margin (9.58%) than 84.00% of its industry peers.
In the last couple of years the Profit Margin of LFUS has grown nicely.
With an excellent Operating Margin value of 14.63%, LFUS belongs to the best of the industry, outperforming 92.00% of the companies in the same industry.
In the last couple of years the Operating Margin of LFUS has grown nicely.
With a decent Gross Margin value of 36.84%, LFUS is doing good in the industry, outperforming 67.20% of the companies in the same industry.
In the last couple of years the Gross Margin of LFUS has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.63% | ||
| PM (TTM) | 9.58% | ||
| GM | 36.84% |
OM growth 3Y4.89%
OM growth 5Y3.56%
PM growth 3Y6.89%
PM growth 5Y2.77%
GM growth 3Y3.2%
GM growth 5Y0.04%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), LFUS is creating some value.
Compared to 1 year ago, LFUS has more shares outstanding
LFUS has more shares outstanding than it did 5 years ago.
LFUS has a better debt/assets ratio than last year.
2.2 Solvency
LFUS has an Altman-Z score of 4.35. This indicates that LFUS is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of LFUS (4.35) is better than 72.80% of its industry peers.
LFUS has a debt to FCF ratio of 2.25. This is a good value and a sign of high solvency as LFUS would need 2.25 years to pay back of all of its debts.
LFUS's Debt to FCF ratio of 2.25 is fine compared to the rest of the industry. LFUS outperforms 69.60% of its industry peers.
A Debt/Equity ratio of 0.32 indicates that LFUS is not too dependend on debt financing.
LFUS has a Debt to Equity ratio of 0.32. This is in the lower half of the industry: LFUS underperforms 63.20% of its industry peers.
Although LFUS does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 2.25 | ||
| Altman-Z | 4.35 |
ROIC/WACC0.87
WACC8.87%
2.3 Liquidity
LFUS has a Current Ratio of 3.57. This indicates that LFUS is financially healthy and has no problem in meeting its short term obligations.
LFUS's Current ratio of 3.57 is fine compared to the rest of the industry. LFUS outperforms 71.20% of its industry peers.
A Quick Ratio of 2.44 indicates that LFUS has no problem at all paying its short term obligations.
The Quick ratio of LFUS (2.44) is better than 65.60% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.57 | ||
| Quick Ratio | 2.44 |
3. Growth
3.1 Past
LFUS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -36.40%.
LFUS shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.50% yearly.
LFUS shows a decrease in Revenue. In the last year, the revenue decreased by -8.48%.
Measured over the past years, LFUS shows a small growth in Revenue. The Revenue has been growing by 6.57% on average per year.
EPS 1Y (TTM)-36.4%
EPS 3Y22.51%
EPS 5Y4.5%
EPS growth Q2Q-51.65%
Revenue 1Y (TTM)-8.48%
Revenue growth 3Y17.79%
Revenue growth 5Y6.57%
Revenue growth Q2Q-12.2%
3.2 Future
LFUS is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.41% yearly.
The Revenue is expected to grow by 5.67% on average over the next years.
EPS Next Y-17.55%
EPS Next 2Y3.36%
EPS Next 3Y13.94%
EPS Next 5Y9.41%
Revenue Next Year-6.54%
Revenue Next 2Y0.6%
Revenue Next 3Y5.13%
Revenue Next 5Y5.67%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 26.32, the valuation of LFUS can be described as expensive.
LFUS's Price/Earnings ratio is a bit cheaper when compared to the industry. LFUS is cheaper than 63.20% of the companies in the same industry.
When comparing the Price/Earnings ratio of LFUS to the average of the S&P500 Index (28.15), we can say LFUS is valued inline with the index average.
With a Price/Forward Earnings ratio of 20.69, LFUS is valued on the expensive side.
LFUS's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. LFUS is cheaper than 60.80% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of LFUS to the average of the S&P500 Index (20.20), we can say LFUS is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.32 | ||
| Fwd PE | 20.69 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, LFUS is valued a bit cheaper than 68.00% of the companies in the same industry.
LFUS's Price/Free Cash Flow ratio is rather cheap when compared to the industry. LFUS is cheaper than 80.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.81 | ||
| EV/EBITDA | 13.87 |
4.3 Compensation for Growth
The decent profitability rating of LFUS may justify a higher PE ratio.
LFUS's earnings are expected to grow with 13.94% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)5.85
EPS Next 2Y3.36%
EPS Next 3Y13.94%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.04%, LFUS has a reasonable but not impressive dividend return.
LFUS's Dividend Yield is rather good when compared to the industry average which is at 1.70. LFUS pays more dividend than 88.00% of the companies in the same industry.
With a Dividend Yield of 1.04, LFUS pays less dividend than the S&P500 average, which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.04% |
5.2 History
The dividend of LFUS is nicely growing with an annual growth rate of 21.61%!
LFUS has been paying a dividend for at least 10 years, so it has a reliable track record.
LFUS has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)21.61%
Div Incr Years13
Div Non Decr Years13
5.3 Sustainability
28.95% of the earnings are spent on dividend by LFUS. This is a low number and sustainable payout ratio.
The dividend of LFUS is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP28.95%
EPS Next 2Y3.36%
EPS Next 3Y13.94%
LITTELFUSE INC
NASDAQ:LFUS (5/17/2024, 7:10:31 PM)
After market: 259.76 0 (0%)259.76
+10.31 (+4.13%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap6.47B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.04% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.32 | ||
| Fwd PE | 20.69 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)5.85
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.56% | ||
| ROE | 8.87% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 14.63% | ||
| PM (TTM) | 9.58% | ||
| GM | 36.84% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.58
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.57 | ||
| Quick Ratio | 2.44 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-36.4%
EPS 3Y22.51%
EPS 5Y
EPS growth Q2Q
EPS Next Y-17.55%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-8.48%
Revenue growth 3Y17.79%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y