VICOR CORP (VICR) Stock Fundamental Analysis
NASDAQ:VICR - Nasdaq - US9258151029 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to VICR. VICR was compared to 94 industry peers in the Electrical Equipment industry. VICR has an excellent financial health rating, but there are some minor concerns on its profitability. VICR has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year VICR was profitable.
In the past year VICR had a positive cash flow from operations.
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
The Return On Assets of VICR (3.48%) is better than 77.66% of its industry peers.
Looking at the Return On Equity, with a value of 3.99%, VICR is in the better half of the industry, outperforming 76.60% of the companies in the same industry.
With a decent Return On Invested Capital value of 2.12%, VICR is doing good in the industry, outperforming 64.89% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for VICR is significantly below the industry average of 10.06%.
| 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
VICR has a Profit Margin of 6.27%. This is in the better half of the industry: VICR outperforms 79.79% of its industry peers.
In the last couple of years the Profit Margin of VICR has declined.
VICR has a better Operating Margin (4.59%) than 73.40% of its industry peers.
VICR's Operating Margin has been stable in the last couple of years.
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.
VICR's Gross Margin has improved in the last couple of years.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VICR is destroying value.
The number of shares outstanding for VICR has been increased compared to 1 year ago.
VICR has more shares outstanding than it did 5 years ago.
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.
2.2 Solvency
VICR has an Altman-Z score of 16.00. This indicates that VICR is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of VICR (16.00) is better than 96.81% of its industry peers.
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 |
ROIC/WACC0.23
WACC9.05%
2.3 Liquidity
A Current Ratio of 6.44 indicates that VICR has no problem at all paying its short term obligations.
VICR's Current ratio of 6.44 is amongst the best of the industry. VICR outperforms 92.55% of its industry peers.
A Quick Ratio of 5.13 indicates that VICR has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 5.13, VICR belongs to the top of the industry, outperforming 91.49% of the companies in the same industry.
| 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%.
VICR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.42% yearly.
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 79.90% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 14.64% on average over the next years. This is quite good.
EPS Next Y194.23%
EPS Next 2Y79.9%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year14.04%
Revenue Next 2Y14.64%
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 82.90.
Compared to the rest of the industry, the Price/Earnings ratio of VICR indicates a somewhat cheap valuation: VICR is cheaper than 67.02% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.29, VICR is valued quite expensively.
VICR is valuated quite expensively with a Price/Forward Earnings ratio of 25.61.
Compared to the rest of the industry, the Price/Forward Earnings ratio of VICR indicates a somewhat cheap valuation: VICR is cheaper than 69.15% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.17. VICR is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 82.9 | ||
| Fwd PE | 25.61 |
4.2 Price Multiples
VICR's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. VICR is cheaper than 67.02% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, VICR is valued a bit cheaper than 68.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.03 | ||
| EV/EBITDA | 46.38 |
4.3 Compensation for Growth
VICR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
VICR has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as VICR's earnings are expected to grow with 79.90% in the coming years.
PEG (NY)0.43
PEG (5Y)8.71
EPS Next 2Y79.9%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for VICR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
43.11
-0.53 (-1.21%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners60.36%
Inst Owner Change-5.1%
Ins Owners64.14%
Ins Owner Change-0.12%
Market Cap1.95B
Analysts77.78
Price Target51 (18.3%)
Short Float %7.27%
Short Ratio5.94
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)-16.67%
PT rev (3m)7.53%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-19.72%
EPS NY rev (1m)3.45%
EPS NY rev (3m)40.98%
Revenue NQ rev (1m)-1.57%
Revenue NQ rev (3m)-5.02%
Revenue NY rev (1m)-2.42%
Revenue NY rev (3m)3.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 82.9 | ||
| Fwd PE | 25.61 | ||
| P/S | 5.28 | ||
| P/FCF | 41.03 | ||
| P/OCF | 28.5 | ||
| P/B | 3.36 | ||
| P/tB | 3.36 | ||
| EV/EBITDA | 46.38 |
EPS(TTM)0.52
EY1.21%
EPS(NY)1.68
Fwd EY3.9%
FCF(TTM)1.05
FCFY2.44%
OCF(TTM)1.51
OCFY3.51%
SpS8.17
BVpS12.84
TBVpS12.84
PEG (NY)0.43
PEG (5Y)8.71
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 |
F-Score4
WACC9.05%
ROIC/WACC0.23
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 2Y79.9%
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 Year14.04%
Revenue Next 2Y14.64%
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%