LITTELFUSE INC (LFUS) Stock Fundamental Analysis
NASDAQ:LFUS - Nasdaq - US5370081045 - Common Stock - Currency: USD
LFUS gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 125 industry peers in the Electronic Equipment, Instruments & Components industry. Both the profitability and the financial health of LFUS get a neutral evaluation. Nothing too spectacular is happening here. LFUS has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
LFUS had positive earnings in the past year.
In the past year LFUS had a positive cash flow from operations.
Each year in the past 5 years LFUS has been profitable.
Each year in the past 5 years LFUS had a positive operating cash flow.
1.2 Ratios
LFUS's Return On Assets of 2.45% is fine compared to the rest of the industry. LFUS outperforms 61.60% of its industry peers.
LFUS's Return On Equity of 3.88% is in line compared to the rest of the industry. LFUS outperforms 59.20% of its industry peers.
LFUS's Return On Invested Capital of 5.94% is fine compared to the rest of the industry. LFUS outperforms 68.80% of its industry peers.
LFUS had an Average Return On Invested Capital over the past 3 years of 8.41%. This is in line with the industry average of 9.28%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.45% | ||
| ROE | 3.88% | ||
| ROIC | 5.94% |
ROA(3y)6.21%
ROA(5y)6.47%
ROE(3y)10.5%
ROE(5y)10.91%
ROIC(3y)8.41%
ROIC(5y)8.36%
1.3 Margins
The Profit Margin of LFUS (4.31%) is better than 72.00% of its industry peers.
In the last couple of years the Profit Margin of LFUS has declined.
LFUS has a better Operating Margin (13.04%) than 88.00% of its industry peers.
In the last couple of years the Operating Margin of LFUS has declined.
The Gross Margin of LFUS (36.52%) is better than 64.00% of its industry peers.
LFUS's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.04% | ||
| PM (TTM) | 4.31% | ||
| GM | 36.52% |
OM growth 3Y-13.65%
OM growth 5Y-2.27%
PM growth 3Y-30.54%
PM growth 5Y-13.14%
GM growth 3Y-1.06%
GM growth 5Y-0.21%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so LFUS is destroying value.
The number of shares outstanding for LFUS has been reduced compared to 1 year ago.
Compared to 5 years ago, LFUS has more shares outstanding
Compared to 1 year ago, LFUS has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.93 indicates that LFUS is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.93, LFUS is in the better half of the industry, outperforming 65.60% of the companies in the same industry.
LFUS has a debt to FCF ratio of 2.75. This is a good value and a sign of high solvency as LFUS would need 2.75 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.75, LFUS is in the better half of the industry, outperforming 73.60% of the companies in the same industry.
A Debt/Equity ratio of 0.32 indicates that LFUS is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.32, LFUS is not doing good in the industry: 61.60% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 2.75 | ||
| Altman-Z | 3.93 |
ROIC/WACC0.66
WACC8.96%
2.3 Liquidity
LFUS has a Current Ratio of 3.88. This indicates that LFUS is financially healthy and has no problem in meeting its short term obligations.
LFUS's Current ratio of 3.88 is fine compared to the rest of the industry. LFUS outperforms 74.40% of its industry peers.
LFUS has a Quick Ratio of 2.75. This indicates that LFUS is financially healthy and has no problem in meeting its short term obligations.
LFUS has a Quick ratio of 2.75. This is in the better half of the industry: LFUS outperforms 71.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.88 | ||
| Quick Ratio | 2.75 |
3. Growth
3.1 Past
The earnings per share for LFUS have decreased by -9.73% in the last year.
LFUS shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.45% yearly.
Looking at the last year, LFUS shows a decrease in Revenue. The Revenue has decreased by -3.43% in the last year.
The Revenue has been growing slightly by 7.81% on average over the past years.
EPS 1Y (TTM)-9.73%
EPS 3Y-13.69%
EPS 5Y4.45%
EPS Q2Q%24.43%
Revenue 1Y (TTM)-3.43%
Revenue growth 3Y1.75%
Revenue growth 5Y7.81%
Sales Q2Q%3.53%
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 16.76% yearly.
Based on estimates for the next years, LFUS will show a small growth in Revenue. The Revenue will grow by 6.57% on average per year.
EPS Next Y12.02%
EPS Next 2Y18.38%
EPS Next 3Y20.55%
EPS Next 5Y16.76%
Revenue Next Year4.3%
Revenue Next 2Y5.98%
Revenue Next 3Y6.71%
Revenue Next 5Y6.57%
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
With a Price/Earnings ratio of 23.05, LFUS is valued on the expensive side.
LFUS's Price/Earnings ratio is a bit cheaper when compared to the industry. LFUS is cheaper than 66.40% of the companies in the same industry.
LFUS is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.82, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 17.28, which indicates a rather expensive current valuation of LFUS.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LFUS indicates a somewhat cheap valuation: LFUS is cheaper than 70.40% of the companies listed in the same industry.
LFUS is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.05 | ||
| Fwd PE | 17.28 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LFUS indicates a somewhat cheap valuation: LFUS is cheaper than 72.00% of the companies listed in the same industry.
LFUS's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. LFUS is cheaper than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.34 | ||
| EV/EBITDA | 12.56 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
LFUS has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as LFUS's earnings are expected to grow with 20.55% in the coming years.
PEG (NY)1.92
PEG (5Y)5.18
EPS Next 2Y18.38%
EPS Next 3Y20.55%
5. Dividend
5.1 Amount
LFUS has a Yearly Dividend Yield of 1.33%.
LFUS's Dividend Yield is rather good when compared to the industry average which is at 2.10. LFUS pays more dividend than 88.00% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.39, LFUS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.33% |
5.2 History
On average, the dividend of LFUS grows each year by 13.74%, which is quite nice.
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)13.74%
Div Incr Years14
Div Non Decr Years14
5.3 Sustainability
71.55% of the earnings are spent on dividend by LFUS. This is not a sustainable payout ratio.
LFUS's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP71.55%
EPS Next 2Y18.38%
EPS Next 3Y20.55%
205.4
-2.78 (-1.34%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners101.94%
Inst Owner Change3.59%
Ins Owners0.84%
Ins Owner Change11.41%
Market Cap5.08B
Analysts78.33
Price Target256.04 (24.65%)
Short Float %2.51%
Short Ratio2.05
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.33% |
Yearly Dividend2.7
Dividend Growth(5Y)13.74%
DP71.55%
Div Incr Years14
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.82%
Min EPS beat(2)-2.99%
Max EPS beat(2)18.62%
EPS beat(4)3
Avg EPS beat(4)13.19%
Min EPS beat(4)-2.99%
Max EPS beat(4)27.07%
EPS beat(8)4
Avg EPS beat(8)5.97%
EPS beat(12)8
Avg EPS beat(12)7.22%
EPS beat(16)12
Avg EPS beat(16)13.44%
Revenue beat(2)1
Avg Revenue beat(2)-0.23%
Min Revenue beat(2)-1.07%
Max Revenue beat(2)0.61%
Revenue beat(4)2
Avg Revenue beat(4)0.17%
Min Revenue beat(4)-1.07%
Max Revenue beat(4)1.34%
Revenue beat(8)4
Avg Revenue beat(8)-0.54%
Revenue beat(12)7
Avg Revenue beat(12)-0.28%
Revenue beat(16)11
Avg Revenue beat(16)1.1%
PT rev (1m)-13.21%
PT rev (3m)-13.21%
EPS NQ rev (1m)1.32%
EPS NQ rev (3m)-6.82%
EPS NY rev (1m)2.04%
EPS NY rev (3m)-2.47%
Revenue NQ rev (1m)-0.83%
Revenue NQ rev (3m)-0.21%
Revenue NY rev (1m)-0.13%
Revenue NY rev (3m)-0.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.05 | ||
| Fwd PE | 17.28 | ||
| P/S | 2.3 | ||
| P/FCF | 17.34 | ||
| P/OCF | 13.5 | ||
| P/B | 2.07 | ||
| P/tB | 7.4 | ||
| EV/EBITDA | 12.56 |
EPS(TTM)8.91
EY4.34%
EPS(NY)11.88
Fwd EY5.79%
FCF(TTM)11.84
FCFY5.77%
OCF(TTM)15.22
OCFY7.41%
SpS89.39
BVpS99.37
TBVpS27.74
PEG (NY)1.92
PEG (5Y)5.18
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.45% | ||
| ROE | 3.88% | ||
| ROCE | 8.19% | ||
| ROIC | 5.94% | ||
| ROICexc | 7.2% | ||
| ROICexgc | 18.51% | ||
| OM | 13.04% | ||
| PM (TTM) | 4.31% | ||
| GM | 36.52% | ||
| FCFM | 13.25% |
ROA(3y)6.21%
ROA(5y)6.47%
ROE(3y)10.5%
ROE(5y)10.91%
ROIC(3y)8.41%
ROIC(5y)8.36%
ROICexc(3y)10.18%
ROICexc(5y)10.33%
ROICexgc(3y)27.42%
ROICexgc(5y)27.03%
ROCE(3y)11.6%
ROCE(5y)11.53%
ROICexcg growth 3Y-15.53%
ROICexcg growth 5Y-3.65%
ROICexc growth 3Y-17.78%
ROICexc growth 5Y-3.04%
OM growth 3Y-13.65%
OM growth 5Y-2.27%
PM growth 3Y-30.54%
PM growth 5Y-13.14%
GM growth 3Y-1.06%
GM growth 5Y-0.21%
F-Score6
Asset Turnover0.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 2.75 | ||
| Debt/EBITDA | 1.88 | ||
| Cap/Depr | 63.83% | ||
| Cap/Sales | 3.78% | ||
| Interest Coverage | 8.2 | ||
| Cash Conversion | 89.81% | ||
| Profit Quality | 307.21% | ||
| Current Ratio | 3.88 | ||
| Quick Ratio | 2.75 | ||
| Altman-Z | 3.93 |
F-Score6
WACC8.96%
ROIC/WACC0.66
Cap/Depr(3y)69.1%
Cap/Depr(5y)71.53%
Cap/Sales(3y)3.75%
Cap/Sales(5y)3.9%
Profit Quality(3y)172.91%
Profit Quality(5y)154.72%
High Growth Momentum
Growth
EPS 1Y (TTM)-9.73%
EPS 3Y-13.69%
EPS 5Y4.45%
EPS Q2Q%24.43%
EPS Next Y12.02%
EPS Next 2Y18.38%
EPS Next 3Y20.55%
EPS Next 5Y16.76%
Revenue 1Y (TTM)-3.43%
Revenue growth 3Y1.75%
Revenue growth 5Y7.81%
Sales Q2Q%3.53%
Revenue Next Year4.3%
Revenue Next 2Y5.98%
Revenue Next 3Y6.71%
Revenue Next 5Y6.57%
EBIT growth 1Y-13.68%
EBIT growth 3Y-12.14%
EBIT growth 5Y5.36%
EBIT Next Year78.2%
EBIT Next 3Y33.59%
EBIT Next 5Y23.8%
FCF growth 1Y-8.84%
FCF growth 3Y1.06%
FCF growth 5Y9.73%
OCF growth 1Y-10.72%
OCF growth 3Y-0.51%
OCF growth 5Y8.43%