VICOR CORP (VICR) Stock Fundamental Analysis
NASDAQ:VICR - Nasdaq - US9258151029 - Common Stock - Currency: USD
VICR gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 94 industry peers in the Electrical Equipment industry. Both the health and profitability get an excellent rating, making VICR a very profitable company, without any liquidiy or solvency issues. VICR has a decent growth rate and is not valued too expensively. These ratings could make VICR a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
VICR had positive earnings in the past year.
VICR had a positive operating cash flow in the past year.
In the past 5 years VICR has always been profitable.
VICR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
VICR's Return On Assets of 3.48% is fine compared to the rest of the industry. VICR outperforms 78.72% of its industry peers.
VICR's Return On Equity of 3.99% is fine compared to the rest of the industry. VICR outperforms 77.66% of its industry peers.
The Return On Invested Capital of VICR (2.12%) is better than 65.96% of its industry peers.
The Average Return On Invested Capital over the past 3 years for VICR is significantly below the industry average of 9.89%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.48% | ||
| ROE | 3.99% | ||
| ROIC | 2.12% |
ROA(3y)4.9%
ROA(5y)6.21%
ROE(3y)5.49%
ROE(5y)6.98%
ROIC(3y)4.82%
ROIC(5y)5.53%
1.3 Margins
Looking at the Profit Margin, with a value of 6.27%, VICR belongs to the top of the industry, outperforming 80.85% of the companies in the same industry.
In the last couple of years the Profit Margin of VICR has declined.
VICR's Operating Margin of 4.59% is fine compared to the rest of the industry. VICR outperforms 74.47% of its industry peers.
In the last couple of years the Operating Margin of VICR has remained more or less at the same level.
With an excellent Gross Margin value of 49.64%, VICR belongs to the best of the industry, outperforming 95.74% of the companies in the same industry.
In the last couple of years the Gross Margin of VICR has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.59% | ||
| PM (TTM) | 6.27% | ||
| GM | 49.64% |
OM growth 3Y-31.07%
OM growth 5Y-0.7%
PM growth 3Y-52.32%
PM growth 5Y-20.46%
GM growth 3Y1.11%
GM growth 5Y1.85%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VICR is destroying value.
The number of shares outstanding for VICR has been increased compared to 1 year ago.
The number of shares outstanding for VICR has been increased compared to 5 years ago.
VICR has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 16.84 indicates that VICR is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 16.84, VICR belongs to the top of the industry, outperforming 96.81% of the companies in the same industry.
There is no outstanding debt for VICR. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 16.84 |
ROIC/WACC0.21
WACC10.11%
2.3 Liquidity
A Current Ratio of 6.44 indicates that VICR has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 6.44, VICR belongs to the top of the industry, outperforming 92.55% of the companies in the same industry.
A Quick Ratio of 5.13 indicates that VICR has no problem at all paying its short term obligations.
VICR's Quick ratio of 5.13 is amongst the best of the industry. VICR outperforms 91.49% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 6.44 | ||
| Quick Ratio | 5.13 |
3. Growth
3.1 Past
VICR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -48.00%.
Measured over the past years, VICR shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.52% on average per year.
VICR shows a decrease in Revenue. In the last year, the revenue decreased by -5.59%.
The Revenue has been growing slightly by 6.42% on average over the past years.
EPS 1Y (TTM)-48%
EPS 3Y-25.55%
EPS 5Y9.52%
EPS Q2Q%0%
Revenue 1Y (TTM)-5.59%
Revenue growth 3Y-0.03%
Revenue growth 5Y6.42%
Sales Q2Q%12.04%
3.2 Future
The Earnings Per Share is expected to grow by 89.20% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 14.85% on average over the next years. This is quite good.
EPS Next Y194.23%
EPS Next 2Y89.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year14.99%
Revenue Next 2Y14.85%
Revenue Next 3YN/A
Revenue Next 5YN/A
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
VICR is valuated quite expensively with a Price/Earnings ratio of 88.98.
Compared to the rest of the industry, the Price/Earnings ratio of VICR indicates a somewhat cheap valuation: VICR is cheaper than 68.09% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of VICR to the average of the S&P500 Index (27.45), we can say VICR is valued expensively.
Based on the Price/Forward Earnings ratio of 24.86, the valuation of VICR can be described as rather expensive.
VICR's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. VICR is cheaper than 73.40% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of VICR to the average of the S&P500 Index (21.90), we can say VICR is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 88.98 | ||
| Fwd PE | 24.86 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, VICR is valued a bit cheaper than the industry average as 68.09% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, VICR is valued a bit cheaper than the industry average as 70.21% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.03 | ||
| EV/EBITDA | 49.67 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of VICR may justify a higher PE ratio.
VICR's earnings are expected to grow with 89.20% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.46
PEG (5Y)9.35
EPS Next 2Y89.2%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for VICR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
46.27
+0.42 (+0.92%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners60.77%
Inst Owner Change-5.1%
Ins Owners31.03%
Ins Owner Change-0.05%
Market Cap2.09B
Analysts77.78
Price Target51 (10.22%)
Short Float %6.19%
Short Ratio5.7
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-34.86%
Min EPS beat(2)-79.72%
Max EPS beat(2)10%
EPS beat(4)2
Avg EPS beat(4)-28.91%
Min EPS beat(4)-128.01%
Max EPS beat(4)82.07%
EPS beat(8)4
Avg EPS beat(8)-19.34%
EPS beat(12)6
Avg EPS beat(12)-3.05%
EPS beat(16)7
Avg EPS beat(16)-9.98%
Revenue beat(2)1
Avg Revenue beat(2)-0.55%
Min Revenue beat(2)-4.66%
Max Revenue beat(2)3.57%
Revenue beat(4)3
Avg Revenue beat(4)2.25%
Min Revenue beat(4)-4.66%
Max Revenue beat(4)7.16%
Revenue beat(8)4
Avg Revenue beat(8)-0.4%
Revenue beat(12)6
Avg Revenue beat(12)0.11%
Revenue beat(16)6
Avg Revenue beat(16)-2.2%
PT rev (1m)0%
PT rev (3m)-16.67%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-19.72%
EPS NY rev (1m)0%
EPS NY rev (3m)3.45%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.02%
Revenue NY rev (1m)0.83%
Revenue NY rev (3m)-1.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 88.98 | ||
| Fwd PE | 24.86 | ||
| P/S | 5.67 | ||
| P/FCF | 44.03 | ||
| P/OCF | 30.59 | ||
| P/B | 3.6 | ||
| P/tB | 3.6 | ||
| EV/EBITDA | 49.67 |
EPS(TTM)0.52
EY1.12%
EPS(NY)1.86
Fwd EY4.02%
FCF(TTM)1.05
FCFY2.27%
OCF(TTM)1.51
OCFY3.27%
SpS8.17
BVpS12.84
TBVpS12.84
PEG (NY)0.46
PEG (5Y)9.35
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.48% | ||
| ROE | 3.99% | ||
| ROCE | 2.88% | ||
| ROIC | 2.12% | ||
| ROICexc | 4.26% | ||
| ROICexgc | 4.26% | ||
| OM | 4.59% | ||
| PM (TTM) | 6.27% | ||
| GM | 49.64% | ||
| FCFM | 12.87% |
ROA(3y)4.9%
ROA(5y)6.21%
ROE(3y)5.49%
ROE(5y)6.98%
ROIC(3y)4.82%
ROIC(5y)5.53%
ROICexc(3y)8.51%
ROICexc(5y)10.98%
ROICexgc(3y)8.52%
ROICexgc(5y)11%
ROCE(3y)6.53%
ROCE(5y)7.5%
ROICexcg growth 3Y-39.91%
ROICexcg growth 5Y-11.32%
ROICexc growth 3Y-39.89%
ROICexc growth 5Y-11.26%
OM growth 3Y-31.07%
OM growth 5Y-0.7%
PM growth 3Y-52.32%
PM growth 5Y-20.46%
GM growth 3Y1.11%
GM growth 5Y1.85%
F-Score4
Asset Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 108.76% | ||
| Cap/Sales | 5.66% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 189.14% | ||
| Profit Quality | 205.29% | ||
| Current Ratio | 6.44 | ||
| Quick Ratio | 5.13 | ||
| Altman-Z | 16.84 |
F-Score4
WACC10.11%
ROIC/WACC0.21
Cap/Depr(3y)261.66%
Cap/Depr(5y)290.38%
Cap/Sales(3y)10.29%
Cap/Sales(5y)10.76%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-48%
EPS 3Y-25.55%
EPS 5Y9.52%
EPS Q2Q%0%
EPS Next Y194.23%
EPS Next 2Y89.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-5.59%
Revenue growth 3Y-0.03%
Revenue growth 5Y6.42%
Sales Q2Q%12.04%
Revenue Next Year14.99%
Revenue Next 2Y14.85%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-59.66%
EBIT growth 3Y-31.09%
EBIT growth 5Y5.68%
EBIT Next Year160%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y307.27%
FCF growth 3Y59.76%
FCF growth 5Y22.89%
OCF growth 1Y140.29%
OCF growth 3Y-2.25%
OCF growth 5Y18.01%