VISHAY PRECISION GROUP (VPG) Stock Fundamental Analysis
NYSE:VPG - New York Stock Exchange, Inc. - US92835K1034 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to VPG. VPG was compared to 125 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. While showing a medium growth rate, VPG is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year VPG was profitable.
In the past year VPG had a positive cash flow from operations.
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
The Return On Assets of VPG (0.68%) is comparable to the rest of the industry.
Looking at the Return On Equity, with a value of 0.95%, VPG is in line with its industry, outperforming 53.60% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 1.65%, VPG is in line with its industry, outperforming 54.40% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for VPG is below the industry average of 9.21%.
| 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.
VPG's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 3.58%, VPG perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
In the last couple of years the Operating Margin of VPG has declined.
VPG has a Gross Margin of 39.49%. This is in the better half of the industry: VPG outperforms 69.60% 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 | 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.
The number of shares outstanding for VPG has been reduced compared to 5 years ago.
Compared to 1 year ago, VPG has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.44 indicates that VPG is not in any danger for bankruptcy at the moment.
VPG has a Altman-Z score of 3.44. This is comparable to the rest of the industry: VPG outperforms 58.40% of its industry peers.
The Debt to FCF ratio of VPG is 2.98, which is a good value as it means it would take VPG, 2.98 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of VPG (2.98) is better than 70.40% of its industry peers.
A Debt/Equity ratio of 0.10 indicates that VPG is not too dependend on debt financing.
The Debt to Equity ratio of VPG (0.10) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 2.98 | ||
| Altman-Z | 3.44 |
ROIC/WACC0.18
WACC8.96%
2.3 Liquidity
VPG has a Current Ratio of 4.51. This indicates that VPG is financially healthy and has no problem in meeting its short term obligations.
VPG's Current ratio of 4.51 is fine compared to the rest of the industry. VPG outperforms 78.40% of its industry peers.
A Quick Ratio of 2.94 indicates that VPG has no problem at all paying its short term obligations.
VPG's Quick ratio of 2.94 is fine compared to the rest of the industry. VPG outperforms 73.60% 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 -72.60%.
Measured over the past years, VPG shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -10.99% on average per year.
The Revenue for VPG has decreased by -14.26% 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)-72.6%
EPS 3Y-20.35%
EPS 5Y-10.99%
EPS Q2Q%-90.48%
Revenue 1Y (TTM)-14.26%
Revenue growth 3Y-1.21%
Revenue growth 5Y1.54%
Sales Q2Q%-11.19%
3.2 Future
Based on estimates for the next years, VPG will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.82% on average per year.
The Revenue is expected to grow by 2.31% on average over the next years.
EPS Next Y-41.63%
EPS Next 2Y14.82%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-1.56%
Revenue Next 2Y2.31%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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 45.95 indicates a quite expensive valuation of VPG.
VPG's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 26.19. VPG is valued rather expensively when compared to this.
With a Price/Forward Earnings ratio of 20.91, VPG is valued on the expensive side.
VPG's Price/Forward Earnings is on the same level as the industry average.
VPG is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.13, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.95 | ||
| Fwd PE | 20.91 |
4.2 Price Multiples
78.40% of the companies in the same industry are more expensive than VPG, based on the Enterprise Value to EBITDA ratio.
65.60% of the companies in the same industry are more expensive than VPG, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 32.88 | ||
| EV/EBITDA | 11.1 |
4.3 Compensation for Growth
A more expensive valuation may be justified as VPG's earnings are expected to grow with 14.82% in the coming years.
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 |
26.19
+0.11 (+0.42%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners93.24%
Inst Owner Change2.2%
Ins Owners3.09%
Ins Owner Change8.58%
Market Cap347.28M
Analysts83.33
Price Target29.84 (13.94%)
Short Float %4.89%
Short Ratio2.94
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)-14.39%
PT rev (3m)-14.39%
EPS NQ rev (1m)-24.52%
EPS NQ rev (3m)-33.14%
EPS NY rev (1m)-43.69%
EPS NY rev (3m)-43.69%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.86%
Revenue NY rev (1m)-2.78%
Revenue NY rev (3m)-2.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.95 | ||
| Fwd PE | 20.91 | ||
| P/S | 1.17 | ||
| P/FCF | 32.88 | ||
| P/OCF | 18.61 | ||
| P/B | 1.07 | ||
| P/tB | 1.46 | ||
| EV/EBITDA | 11.1 |
EPS(TTM)0.57
EY2.18%
EPS(NY)1.25
Fwd EY4.78%
FCF(TTM)0.8
FCFY3.04%
OCF(TTM)1.41
OCFY5.37%
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 | 3.44 |
F-Score5
WACC8.96%
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)-72.6%
EPS 3Y-20.35%
EPS 5Y-10.99%
EPS Q2Q%-90.48%
EPS Next Y-41.63%
EPS Next 2Y14.82%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-14.26%
Revenue growth 3Y-1.21%
Revenue growth 5Y1.54%
Sales Q2Q%-11.19%
Revenue Next Year-1.56%
Revenue Next 2Y2.31%
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%