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 93 industry peers in the Electrical Equipment industry. VICR has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. VICR has a correct valuation and a medium growth rate. This makes VICR very considerable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year VICR was profitable.
VICR had a positive operating cash flow in the past year.
In the past 5 years VICR has always been profitable.
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 3.48%, VICR is in the better half of the industry, outperforming 77.42% of the companies in the same industry.
Looking at the Return On Equity, with a value of 3.99%, VICR is in the better half of the industry, outperforming 77.42% of the companies in the same industry.
VICR has a better Return On Invested Capital (2.12%) than 64.52% of its industry peers.
VICR had an Average Return On Invested Capital over the past 3 years of 4.82%. This is below the industry average of 9.56%.
| 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
With an excellent Profit Margin value of 6.27%, VICR belongs to the best of the industry, outperforming 81.72% of the companies in the same industry.
In the last couple of years the Profit Margin of VICR has declined.
The Operating Margin of VICR (4.59%) is better than 74.19% of its industry peers.
In the last couple of years the Operating Margin of VICR has remained more or less at the same level.
The Gross Margin of VICR (49.64%) is better than 94.62% of its industry peers.
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.
VICR has more shares outstanding than it did 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
An Altman-Z score of 17.15 indicates that VICR is not in any danger for bankruptcy at the moment.
VICR's Altman-Z score of 17.15 is amongst the best of the industry. VICR outperforms 95.70% 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 | 17.15 |
ROIC/WACC0.24
WACC8.93%
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 92.47% 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 has a better Quick ratio (5.13) than 92.47% 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 -20.34%.
The Earnings Per Share has been growing by 9.52% on average over the past years. This is quite good.
The Revenue has been growing slightly by 2.48% in the past year.
The Revenue has been growing slightly by 6.42% on average over the past years.
EPS 1Y (TTM)-20.34%
EPS 3Y-25.55%
EPS 5Y9.52%
EPS Q2Q%-166.67%
Revenue 1Y (TTM)2.48%
Revenue growth 3Y-0.03%
Revenue growth 5Y6.42%
Sales Q2Q%64.29%
3.2 Future
The Earnings Per Share is expected to grow by 78.94% on average over the next years. This is a very strong growth
Based on estimates for the next years, VICR will show a quite strong growth in Revenue. The Revenue will grow by 13.20% on average per year.
EPS Next Y25.54%
EPS Next 2Y78.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year16.59%
Revenue Next 2Y13.2%
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
With a Price/Earnings ratio of 101.38, VICR can be considered very expensive at the moment.
Based on the Price/Earnings ratio, VICR is valued a bit cheaper than the industry average as 65.59% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.87. VICR is valued rather expensively when compared to this.
Based on the Price/Forward Earnings ratio of 28.62, the valuation of VICR can be described as expensive.
Based on the Price/Forward Earnings ratio, VICR is valued a bit cheaper than the industry average as 72.04% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.34, VICR is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 101.38 | ||
| Fwd PE | 28.62 |
4.2 Price Multiples
68.82% of the companies in the same industry are more expensive than VICR, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, VICR is valued a bit cheaper than the industry average as 70.97% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.35 | ||
| EV/EBITDA | 50.89 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The decent profitability rating of VICR may justify a higher PE ratio.
VICR's earnings are expected to grow with 78.94% in the coming years. This may justify a more expensive valuation.
PEG (NY)3.97
PEG (5Y)10.65
EPS Next 2Y78.94%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for VICR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
47.65
+0.4 (+0.85%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners60.76%
Inst Owner Change-0.03%
Ins Owners31.03%
Ins Owner Change-0.04%
Market Cap2.15B
Analysts77.78
Price Target51 (7.03%)
Short Float %6.75%
Short Ratio5.42
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)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-50.88%
EPS NY rev (1m)0%
EPS NY rev (3m)-55.86%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)2.23%
Revenue NY rev (3m)2.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 101.38 | ||
| Fwd PE | 28.62 | ||
| P/S | 5.84 | ||
| P/FCF | 45.35 | ||
| P/OCF | 31.5 | ||
| P/B | 3.71 | ||
| P/tB | 3.71 | ||
| EV/EBITDA | 50.89 |
EPS(TTM)0.47
EY0.99%
EPS(NY)1.66
Fwd EY3.49%
FCF(TTM)1.05
FCFY2.21%
OCF(TTM)1.51
OCFY3.17%
SpS8.17
BVpS12.84
TBVpS12.84
PEG (NY)3.97
PEG (5Y)10.65
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 | 17.15 |
F-Score4
WACC8.93%
ROIC/WACC0.24
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)-20.34%
EPS 3Y-25.55%
EPS 5Y9.52%
EPS Q2Q%-166.67%
EPS Next Y25.54%
EPS Next 2Y78.94%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2.48%
Revenue growth 3Y-0.03%
Revenue growth 5Y6.42%
Sales Q2Q%64.29%
Revenue Next Year16.59%
Revenue Next 2Y13.2%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-59.66%
EBIT growth 3Y-31.09%
EBIT growth 5Y5.68%
EBIT Next Year191.23%
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%