VISHAY PRECISION GROUP (VPG) Stock Fundamental Analysis
NYSE:VPG - New York Stock Exchange, Inc. - US92835K1034 - Common Stock - Currency: USD
VPG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 124 industry peers in the Electronic Equipment, Instruments & Components industry. VPG is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. VPG has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
VPG had positive earnings in the past year.
VPG had a positive operating cash flow in the past year.
In the past 5 years VPG has always been profitable.
VPG had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.68%, VPG is in line with its industry, outperforming 52.42% of the companies in the same industry.
With a Return On Equity value of 0.95%, VPG perfoms like the industry average, outperforming 53.23% of the companies in the same industry.
VPG has a Return On Invested Capital (1.65%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for VPG is below the industry average of 9.55%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.68% | ||
| ROE | 0.95% | ||
| ROIC | 1.65% |
ROA(3y)5.07%
ROA(5y)4.46%
ROE(3y)7.55%
ROE(5y)6.83%
ROIC(3y)5.39%
ROIC(5y)5.07%
1.3 Margins
The Profit Margin of VPG (1.03%) is comparable to the rest of the industry.
In the last couple of years the Profit Margin of VPG has declined.
VPG has a Operating Margin of 3.58%. This is comparable to the rest of the industry: VPG outperforms 58.06% of its industry peers.
In the last couple of years the Operating Margin of VPG has declined.
With a decent Gross Margin value of 39.49%, VPG is doing good in the industry, outperforming 69.35% of the companies in the same industry.
In the last couple of years the Gross Margin of VPG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.58% | ||
| PM (TTM) | 1.03% | ||
| GM | 39.49% |
OM growth 3Y-14.49%
OM growth 5Y-12.14%
PM growth 3Y-20.16%
PM growth 5Y-16.18%
GM growth 3Y1.34%
GM growth 5Y0.83%
2. Health
2.1 Basic Checks
VPG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for VPG has been reduced compared to 1 year ago.
VPG has less shares outstanding than it did 5 years ago.
The debt/assets ratio for VPG is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.50 indicates that VPG is not in any danger for bankruptcy at the moment.
VPG has a Altman-Z score of 3.50. This is comparable to the rest of the industry: VPG outperforms 59.68% of its industry peers.
VPG has a debt to FCF ratio of 2.98. This is a good value and a sign of high solvency as VPG would need 2.98 years to pay back of all of its debts.
VPG has a Debt to FCF ratio of 2.98. This is in the better half of the industry: VPG outperforms 68.55% of its industry peers.
VPG has a Debt/Equity ratio of 0.10. This is a healthy value indicating a solid balance between debt and equity.
VPG has a Debt to Equity ratio of 0.10. This is comparable to the rest of the industry: VPG outperforms 56.45% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 2.98 | ||
| Altman-Z | 3.5 |
ROIC/WACC0.18
WACC9.04%
2.3 Liquidity
A Current Ratio of 4.51 indicates that VPG has no problem at all paying its short term obligations.
With an excellent Current ratio value of 4.51, VPG belongs to the best of the industry, outperforming 80.65% of the companies in the same industry.
VPG has a Quick Ratio of 2.94. This indicates that VPG is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of VPG (2.94) is better than 74.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.51 | ||
| Quick Ratio | 2.94 |
3. Growth
3.1 Past
VPG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -76.24%.
The earnings per share for VPG have been decreasing by -10.99% on average. This is quite bad
The Revenue for VPG has decreased by -13.67% in the past year. This is quite bad
Measured over the past years, VPG shows a small growth in Revenue. The Revenue has been growing by 1.54% on average per year.
EPS 1Y (TTM)-76.24%
EPS 3Y-20.35%
EPS 5Y-10.99%
EPS Q2Q%-45.16%
Revenue 1Y (TTM)-13.67%
Revenue growth 3Y-1.21%
Revenue growth 5Y1.54%
Sales Q2Q%-2.84%
3.2 Future
VPG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.82% yearly.
Based on estimates for the next years, VPG will show a small growth in Revenue. The Revenue will grow by 1.82% on average per year.
EPS Next Y-41.63%
EPS Next 2Y14.82%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-2.45%
Revenue Next 2Y1.82%
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
VPG is valuated quite expensively with a Price/Earnings ratio of 63.26.
VPG's Price/Earnings ratio is in line with the industry average.
VPG's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.51.
Based on the Price/Forward Earnings ratio of 21.72, the valuation of VPG can be described as rather expensive.
Based on the Price/Forward Earnings ratio, VPG is valued a bit cheaper than the industry average as 67.74% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.09, VPG is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 63.26 | ||
| Fwd PE | 21.72 |
4.2 Price Multiples
80.65% of the companies in the same industry are more expensive than VPG, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, VPG is valued a bit cheaper than 67.74% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.15 | ||
| EV/EBITDA | 11.61 |
4.3 Compensation for Growth
VPG's earnings are expected to grow with 14.82% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y14.82%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for VPG!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
27.2
0 (0%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners90.82%
Inst Owner Change3.67%
Ins Owners3.3%
Ins Owner Change10.11%
Market Cap360.67M
Analysts83.33
Price Target32.39 (19.08%)
Short Float %5.75%
Short Ratio4.67
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-60.71%
Min EPS beat(2)-78%
Max EPS beat(2)-43.42%
EPS beat(4)0
Avg EPS beat(4)-39.08%
Min EPS beat(4)-78%
Max EPS beat(4)-8.38%
EPS beat(8)3
Avg EPS beat(8)-9.14%
EPS beat(12)6
Avg EPS beat(12)-1.46%
EPS beat(16)10
Avg EPS beat(16)2.43%
Revenue beat(2)0
Avg Revenue beat(2)-2.56%
Min Revenue beat(2)-2.75%
Max Revenue beat(2)-2.36%
Revenue beat(4)0
Avg Revenue beat(4)-2.79%
Min Revenue beat(4)-3.8%
Max Revenue beat(4)-2.26%
Revenue beat(8)2
Avg Revenue beat(8)-1.41%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)4.96%
PT rev (3m)8.55%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-24.52%
EPS NY rev (1m)0%
EPS NY rev (3m)-43.69%
Revenue NQ rev (1m)-2.83%
Revenue NQ rev (3m)-3.71%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 63.26 | ||
| Fwd PE | 21.72 | ||
| P/S | 1.21 | ||
| P/FCF | 34.15 | ||
| P/OCF | 19.33 | ||
| P/B | 1.11 | ||
| P/tB | 1.52 | ||
| EV/EBITDA | 11.61 |
EPS(TTM)0.43
EY1.58%
EPS(NY)1.25
Fwd EY4.6%
FCF(TTM)0.8
FCFY2.93%
OCF(TTM)1.41
OCFY5.17%
SpS22.43
BVpS24.51
TBVpS17.88
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.68% | ||
| ROE | 0.95% | ||
| ROCE | 2.66% | ||
| ROIC | 1.65% | ||
| ROICexc | 2.08% | ||
| ROICexgc | 2.88% | ||
| OM | 3.58% | ||
| PM (TTM) | 1.03% | ||
| GM | 39.49% | ||
| FCFM | 3.55% |
ROA(3y)5.07%
ROA(5y)4.46%
ROE(3y)7.55%
ROE(5y)6.83%
ROIC(3y)5.39%
ROIC(5y)5.07%
ROICexc(3y)6.8%
ROICexc(5y)6.52%
ROICexgc(3y)9.48%
ROICexgc(5y)9.08%
ROCE(3y)8.71%
ROCE(5y)8.2%
ROICexcg growth 3Y-17.42%
ROICexcg growth 5Y-20.98%
ROICexc growth 3Y-16.02%
ROICexc growth 5Y-19.16%
OM growth 3Y-14.49%
OM growth 5Y-12.14%
PM growth 3Y-20.16%
PM growth 5Y-16.18%
GM growth 3Y1.34%
GM growth 5Y0.83%
F-Score5
Asset Turnover0.66
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 2.98 | ||
| Debt/EBITDA | 1.19 | ||
| Cap/Depr | 50.93% | ||
| Cap/Sales | 2.72% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 70.25% | ||
| Profit Quality | 343.15% | ||
| Current Ratio | 4.51 | ||
| Quick Ratio | 2.94 | ||
| Altman-Z | 3.5 |
F-Score5
WACC9.04%
ROIC/WACC0.18
Cap/Depr(3y)98.04%
Cap/Depr(5y)118.26%
Cap/Sales(3y)4.38%
Cap/Sales(5y)5.4%
Profit Quality(3y)86.52%
Profit Quality(5y)91.12%
High Growth Momentum
Growth
EPS 1Y (TTM)-76.24%
EPS 3Y-20.35%
EPS 5Y-10.99%
EPS Q2Q%-45.16%
EPS Next Y-41.63%
EPS Next 2Y14.82%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-13.67%
Revenue growth 3Y-1.21%
Revenue growth 5Y1.54%
Sales Q2Q%-2.84%
Revenue Next Year-2.45%
Revenue Next 2Y1.82%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-74.1%
EBIT growth 3Y-15.52%
EBIT growth 5Y-10.79%
EBIT Next Year70.74%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-50.3%
FCF growth 3Y-13.54%
FCF growth 5Y-11.6%
OCF growth 1Y-55.3%
OCF growth 3Y-16.09%
OCF growth 5Y-8.52%