VISHAY PRECISION GROUP (VPG)
US92835K1034 - Common Stock
We assign a fundamental rating of 5 out of 10 to VPG. VPG was compared to 127 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 it does not seem to be growing.
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.
Each year in the past 5 years VPG had a positive operating cash flow.
1.2 Ratios
VPG's Return On Assets of 5.45% is fine compared to the rest of the industry. VPG outperforms 73.81% of its industry peers.
VPG has a better Return On Equity (7.79%) than 64.29% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.90%, VPG is in the better half of the industry, outperforming 70.63% of the companies in the same industry.
VPG had an Average Return On Invested Capital over the past 3 years of 7.22%. This is below the industry average of 9.45%.
The 3 year average ROIC (7.22%) for VPG is below the current ROIC(7.90%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.45% | ||
| ROE | 7.79% | ||
| ROIC | 7.9% |
ROA(3y)5.8%
ROA(5y)5.22%
ROE(3y)8.95%
ROE(5y)8.05%
ROIC(3y)7.22%
ROIC(5y)7.12%
1.3 Margins
VPG has a Profit Margin of 7.24%. This is in the better half of the industry: VPG outperforms 76.19% of its industry peers.
In the last couple of years the Profit Margin of VPG has declined.
VPG has a better Operating Margin (12.26%) than 82.54% of its industry peers.
In the last couple of years the Operating Margin of VPG has declined.
VPG's Gross Margin of 42.35% is fine compared to the rest of the industry. VPG outperforms 76.98% of its industry peers.
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 | 12.26% | ||
| PM (TTM) | 7.24% | ||
| GM | 42.35% |
OM growth 3Y8.21%
OM growth 5Y-1.83%
PM growth 3Y21.84%
PM growth 5Y-1.66%
GM growth 3Y3.08%
GM growth 5Y0.91%
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.
Compared to 1 year ago, VPG has less shares outstanding
VPG has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, VPG has an improved debt to assets ratio.
2.2 Solvency
VPG has an Altman-Z score of 3.81. This indicates that VPG is financially healthy and has little risk of bankruptcy at the moment.
VPG's Altman-Z score of 3.81 is fine compared to the rest of the industry. VPG outperforms 69.84% of its industry peers.
VPG has a debt to FCF ratio of 1.04. This is a very positive value and a sign of high solvency as it would only need 1.04 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 1.04, VPG is doing good in the industry, outperforming 76.98% of the companies in the same industry.
A Debt/Equity ratio of 0.10 indicates that VPG is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.10, VPG is in line with its industry, outperforming 57.14% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 1.04 | ||
| Altman-Z | 3.81 |
ROIC/WACC0.87
WACC9.07%
2.3 Liquidity
VPG has a Current Ratio of 3.94. This indicates that VPG is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 3.94, VPG is doing good in the industry, outperforming 73.02% of the companies in the same industry.
VPG has a Quick Ratio of 2.51. This indicates that VPG is financially healthy and has no problem in meeting its short term obligations.
VPG has a better Quick ratio (2.51) than 67.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.94 | ||
| Quick Ratio | 2.51 |
3. Growth
3.1 Past
VPG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -16.79%.
The Earnings Per Share has been growing slightly by 1.24% on average over the past years.
VPG shows a decrease in Revenue. In the last year, the revenue decreased by -2.08%.
The Revenue has been growing slightly by 3.44% on average over the past years.
EPS 1Y (TTM)-16.79%
EPS 3Y18.5%
EPS 5Y1.24%
EPS growth Q2Q-19.74%
Revenue 1Y (TTM)-2.08%
Revenue growth 3Y9.58%
Revenue growth 5Y3.44%
Revenue growth Q2Q-6.97%
3.2 Future
VPG is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -0.85% yearly.
VPG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.54% yearly.
EPS Next Y-19.18%
EPS Next 2Y-0.85%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.53%
Revenue Next 2Y3.54%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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 stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 15.33, the valuation of VPG can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of VPG indicates a somewhat cheap valuation: VPG is cheaper than 78.57% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 24.84. VPG is valued slightly cheaper when compared to this.
A Price/Forward Earnings ratio of 18.96 indicates a rather expensive valuation of VPG.
VPG's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. VPG is cheaper than 68.25% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of VPG to the average of the S&P500 Index (21.35), we can say VPG is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.33 | ||
| Fwd PE | 18.96 |
4.2 Price Multiples
92.86% of the companies in the same industry are more expensive than VPG, based on the Enterprise Value to EBITDA ratio.
VPG's Price/Free Cash Flow ratio is rather cheap when compared to the industry. VPG is cheaper than 84.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.43 | ||
| EV/EBITDA | 6.11 |
4.3 Compensation for Growth
The decent profitability rating of VPG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)12.39
EPS Next 2Y-0.85%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for VPG!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
VISHAY PRECISION GROUP
NYSE:VPG (4/26/2024, 7:23:01 PM)
After market: 33.41 0 (0%)33.41
+0.05 (+0.15%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap412.95M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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Min EPS beat(2)
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EPS beat(8)
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EPS beat(16)
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PT rev (1m)
PT rev (3m)
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EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.33 | ||
| Fwd PE | 18.96 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)12.39
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.45% | ||
| ROE | 7.79% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 12.26% | ||
| PM (TTM) | 7.24% | ||
| GM | 42.35% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.75
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.94 | ||
| Quick Ratio | 2.51 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-16.79%
EPS 3Y18.5%
EPS 5Y
EPS growth Q2Q
EPS Next Y-19.18%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-2.08%
Revenue growth 3Y9.58%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y