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 97 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 correct valuation and a medium growth rate.
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.
VICR had positive earnings in each of the past 5 years.
Each year in the past 5 years VICR had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.96%, VICR is in the better half of the industry, outperforming 70.10% of the companies in the same industry.
Looking at the Return On Equity, with a value of 1.08%, VICR is in the better half of the industry, outperforming 69.07% of the companies in the same industry.
VICR has a better Return On Invested Capital (2.32%) than 65.98% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for VICR is below the industry average of 9.64%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.96% | ||
| ROE | 1.08% | ||
| ROIC | 2.32% |
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
The Profit Margin of VICR (1.71%) is better than 74.23% of its industry peers.
VICR's Profit Margin has declined in the last couple of years.
VICR has a better Operating Margin (5.07%) than 74.23% of its industry peers.
VICR's Operating Margin has been stable in the last couple of years.
VICR has a Gross Margin of 51.24%. This is amongst the best in the industry. VICR outperforms 95.88% of its industry peers.
VICR's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.07% | ||
| PM (TTM) | 1.71% | ||
| GM | 51.24% |
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.
Compared to 1 year ago, VICR has more shares outstanding
The number of shares outstanding for VICR has been increased compared to 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 17.74. This indicates that VICR is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of VICR (17.74) is better than 95.88% 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 | 17.74 |
ROIC/WACC0.26
WACC8.97%
2.3 Liquidity
A Current Ratio of 7.49 indicates that VICR has no problem at all paying its short term obligations.
The Current ratio of VICR (7.49) is better than 92.78% of its industry peers.
A Quick Ratio of 5.77 indicates that VICR has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 5.77, VICR belongs to the top of the industry, outperforming 91.75% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 7.49 | ||
| Quick Ratio | 5.77 |
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%.
The Earnings Per Share has been growing by 9.52% on average over the past years. This is quite good.
Looking at the last year, VICR shows a very negative growth in Revenue. The Revenue has decreased by -11.36% in the last year.
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)-11.36%
Revenue growth 3Y-0.03%
Revenue growth 5Y6.42%
Sales Q2Q%12.04%
3.2 Future
Based on estimates for the next years, VICR will show a very strong growth in Earnings Per Share. The EPS will grow by 100.77% on average per year.
VICR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.70% yearly.
EPS Next Y184.42%
EPS Next 2Y100.77%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year16.87%
Revenue Next 2Y15.7%
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
A Price/Earnings ratio of 78.98 indicates a quite expensive valuation of VICR.
67.01% of the companies in the same industry are more expensive than VICR, based on the Price/Earnings ratio.
VICR's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.18.
With a Price/Forward Earnings ratio of 19.59, VICR is valued on the expensive side.
VICR's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. VICR is cheaper than 74.23% of the companies in the same industry.
VICR is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 20.81, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 78.98 | ||
| Fwd PE | 19.59 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, VICR is valued a bit cheaper than 67.01% of the companies in the same industry.
65.98% of the companies in the same industry are more expensive than VICR, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 68.12 | ||
| EV/EBITDA | 42.87 |
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 100.77% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.43
PEG (5Y)8.3
EPS Next 2Y100.77%
EPS Next 3YN/A
5. Dividend
5.1 Amount
VICR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
41.07
+1.66 (+4.21%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners60.36%
Inst Owner Change-7.88%
Ins Owners64.14%
Ins Owner Change-0.16%
Market Cap1.86B
Analysts77.78
Price Target61.2 (49.01%)
Short Float %7.22%
Short Ratio5.63
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)2
Avg EPS beat(2)46.03%
Min EPS beat(2)10%
Max EPS beat(2)82.07%
EPS beat(4)2
Avg EPS beat(4)-20.62%
Min EPS beat(4)-128.01%
Max EPS beat(4)82.07%
EPS beat(8)5
Avg EPS beat(8)-7.29%
EPS beat(12)6
Avg EPS beat(12)-1.36%
EPS beat(16)8
Avg EPS beat(16)-2.99%
Revenue beat(2)2
Avg Revenue beat(2)5.37%
Min Revenue beat(2)3.57%
Max Revenue beat(2)7.16%
Revenue beat(4)3
Avg Revenue beat(4)2.65%
Min Revenue beat(4)-3.07%
Max Revenue beat(4)7.16%
Revenue beat(8)4
Avg Revenue beat(8)-0.81%
Revenue beat(12)6
Avg Revenue beat(12)-0.2%
Revenue beat(16)7
Avg Revenue beat(16)-1.88%
PT rev (1m)0%
PT rev (3m)29.03%
EPS NQ rev (1m)0%
EPS NQ rev (3m)81.25%
EPS NY rev (1m)0%
EPS NY rev (3m)39.42%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.29%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 78.98 | ||
| Fwd PE | 19.59 | ||
| P/S | 5.17 | ||
| P/FCF | 68.12 | ||
| P/OCF | 36.5 | ||
| P/B | 3.25 | ||
| P/tB | 3.25 | ||
| EV/EBITDA | 42.87 |
EPS(TTM)0.52
EY1.27%
EPS(NY)2.1
Fwd EY5.1%
FCF(TTM)0.6
FCFY1.47%
OCF(TTM)1.13
OCFY2.74%
SpS7.95
BVpS12.62
TBVpS12.62
PEG (NY)0.43
PEG (5Y)8.3
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.96% | ||
| ROE | 1.08% | ||
| ROCE | 3.14% | ||
| ROIC | 2.32% | ||
| ROICexc | 4.44% | ||
| ROICexgc | 4.44% | ||
| OM | 5.07% | ||
| PM (TTM) | 1.71% | ||
| GM | 51.24% | ||
| FCFM | 7.59% |
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-Score5
Asset Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 126.72% | ||
| Cap/Sales | 6.57% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 138.1% | ||
| Profit Quality | 444.44% | ||
| Current Ratio | 7.49 | ||
| Quick Ratio | 5.77 | ||
| Altman-Z | 17.74 |
F-Score5
WACC8.97%
ROIC/WACC0.26
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 Y184.42%
EPS Next 2Y100.77%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-11.36%
Revenue growth 3Y-0.03%
Revenue growth 5Y6.42%
Sales Q2Q%12.04%
Revenue Next Year16.87%
Revenue Next 2Y15.7%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-64.58%
EBIT growth 3Y-31.09%
EBIT growth 5Y5.68%
EBIT Next Year222.63%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-33.68%
FCF growth 3Y59.76%
FCF growth 5Y22.89%
OCF growth 1Y-31.78%
OCF growth 3Y-2.25%
OCF growth 5Y18.01%