VISHAY PRECISION GROUP (VPG) Stock Fundamental Analysis
USA - NYSE:VPG - US92835K1034 - Common Stock
35.55 USD
-1.31 (-3.55%)
35.55 USD
0 (0%)
VPG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 123 industry peers in the Electronic Equipment, Instruments & Components industry. VPG has an excellent financial health rating, but there are some minor concerns on its profitability. VPG has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year VPG was profitable.
VPG had a positive operating cash flow in the past year.
Each year in the past 5 years VPG has been profitable.
In the past 5 years VPG always reported a positive cash flow from operatings.
1.2 Ratios
VPG has a Return On Assets (-0.27%) which is in line with its industry peers.
VPG has a Return On Equity (-0.39%) which is in line with its industry peers.
Looking at the Return On Invested Capital, with a value of 1.16%, VPG is in line with its industry, outperforming 47.97% 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 9.33%.
The last Return On Invested Capital (1.16%) for VPG is well below the 3 year average (5.39%), which needs to be investigated, but indicates that VPG had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.27% | ||
| ROE | -0.39% | ||
| ROIC | 1.16% |
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
In the last couple of years the Profit Margin of VPG has declined.
VPG has a Operating Margin (2.59%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of VPG has declined.
VPG has a better Gross Margin (39.17%) than 67.48% of its industry peers.
VPG's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.59% | ||
| PM (TTM) | N/A | ||
| GM | 39.17% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VPG 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.
VPG has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.95 indicates that VPG is not in any danger for bankruptcy at the moment.
With a Altman-Z score value of 3.95, VPG perfoms like the industry average, outperforming 56.91% of the companies in the same industry.
The Debt to FCF ratio of VPG is 3.03, which is a good value as it means it would take VPG, 3.03 years of fcf income to pay off all of its debts.
VPG's Debt to FCF ratio of 3.03 is fine compared to the rest of the industry. VPG outperforms 69.11% 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's Debt to Equity ratio of 0.10 is in line compared to the rest of the industry. VPG outperforms 54.47% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 3.03 | ||
| Altman-Z | 3.95 |
ROIC/WACC0.13
WACC8.92%
2.3 Liquidity
A Current Ratio of 4.35 indicates that VPG has no problem at all paying its short term obligations.
With a decent Current ratio value of 4.35, VPG is doing good in the industry, outperforming 78.86% of the companies in the same industry.
VPG has a Quick Ratio of 2.87. This indicates that VPG is financially healthy and has no problem in meeting its short term obligations.
VPG has a better Quick ratio (2.87) than 70.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.35 | ||
| Quick Ratio | 2.87 |
3. Growth
3.1 Past
The earnings per share for VPG have decreased strongly by -76.24% in the last year.
VPG shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -10.99% yearly.
Looking at the last year, VPG shows a very negative growth in Revenue. The Revenue has decreased by -11.46% in the last year.
VPG shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.54% yearly.
EPS 1Y (TTM)-76.24%
EPS 3Y-20.35%
EPS 5Y-10.99%
EPS Q2Q%-45.16%
Revenue 1Y (TTM)-11.46%
Revenue growth 3Y-1.21%
Revenue growth 5Y1.54%
Sales Q2Q%-2.84%
3.2 Future
The Earnings Per Share is expected to grow by 15.14% on average over the next years. This is quite good.
Based on estimates for the next years, VPG will show a small growth in Revenue. The Revenue will grow by 1.70% on average per year.
EPS Next Y-31.05%
EPS Next 2Y15.14%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-1.87%
Revenue Next 2Y1.7%
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.
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
Based on the Price/Earnings ratio of 82.67, the valuation of VPG can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of VPG is on the same level as its industry peers.
When comparing the Price/Earnings ratio of VPG to the average of the S&P500 Index (27.77), we can say VPG is valued expensively.
VPG is valuated quite expensively with a Price/Forward Earnings ratio of 28.23.
VPG's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.23. VPG is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 82.67 | ||
| Fwd PE | 28.23 |
4.2 Price Multiples
VPG's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. VPG is cheaper than 64.23% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, VPG is valued a bit cheaper than the industry average as 63.41% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.35 | ||
| EV/EBITDA | 18.34 |
4.3 Compensation for Growth
A more expensive valuation may be justified as VPG's earnings are expected to grow with 15.14% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y15.14%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for VPG!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
35.55
-1.31 (-3.55%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners96.19%
Inst Owner Change-0.84%
Ins Owners3.27%
Ins Owner Change2.42%
Market Cap472.10M
Analysts83.33
Price Target34.17 (-3.88%)
Short Float %5.58%
Short Ratio6
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)1
Avg EPS beat(2)0.22%
Min EPS beat(2)-43.42%
Max EPS beat(2)43.86%
EPS beat(4)1
Avg EPS beat(4)-26.02%
Min EPS beat(4)-78%
Max EPS beat(4)43.86%
EPS beat(8)3
Avg EPS beat(8)-5.52%
EPS beat(12)6
Avg EPS beat(12)0.33%
EPS beat(16)10
Avg EPS beat(16)2.65%
Revenue beat(2)1
Avg Revenue beat(2)-0.35%
Min Revenue beat(2)-2.75%
Max Revenue beat(2)2.04%
Revenue beat(4)1
Avg Revenue beat(4)-1.33%
Min Revenue beat(4)-2.75%
Max Revenue beat(4)2.04%
Revenue beat(8)2
Avg Revenue beat(8)-1.43%
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)0%
PT rev (3m)10.74%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-24.67%
EPS NY rev (1m)14.07%
EPS NY rev (3m)18.12%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.84%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 82.67 | ||
| Fwd PE | 28.23 | ||
| P/S | 1.6 | ||
| P/FCF | 45.35 | ||
| P/OCF | 27.52 | ||
| P/B | 1.43 | ||
| P/tB | 1.94 | ||
| EV/EBITDA | 18.34 |
EPS(TTM)0.43
EY1.21%
EPS(NY)1.26
Fwd EY3.54%
FCF(TTM)0.78
FCFY2.21%
OCF(TTM)1.29
OCFY3.63%
SpS22.24
BVpS24.94
TBVpS18.35
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.27% | ||
| ROE | -0.39% | ||
| ROCE | 1.88% | ||
| ROIC | 1.16% | ||
| ROICexc | 1.49% | ||
| ROICexgc | 2.06% | ||
| OM | 2.59% | ||
| PM (TTM) | N/A | ||
| GM | 39.17% | ||
| FCFM | 3.53% |
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-Score4
Asset Turnover0.63
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 3.03 | ||
| Debt/EBITDA | 1.34 | ||
| Cap/Depr | 42.6% | ||
| Cap/Sales | 2.28% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 73.05% | ||
| Profit Quality | N/A | ||
| Current Ratio | 4.35 | ||
| Quick Ratio | 2.87 | ||
| Altman-Z | 3.95 |
F-Score4
WACC8.92%
ROIC/WACC0.13
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-31.05%
EPS Next 2Y15.14%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-11.46%
Revenue growth 3Y-1.21%
Revenue growth 5Y1.54%
Sales Q2Q%-2.84%
Revenue Next Year-1.87%
Revenue Next 2Y1.7%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-78.22%
EBIT growth 3Y-15.52%
EBIT growth 5Y-10.79%
EBIT Next Year50.1%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-55.01%
FCF growth 3Y-13.54%
FCF growth 5Y-11.6%
OCF growth 1Y-59.61%
OCF growth 3Y-16.09%
OCF growth 5Y-8.52%