VISHAY INTERTECHNOLOGY INC (VSH) Stock Fundamental Analysis
NYSE:VSH - New York Stock Exchange, Inc. - US9282981086 - Common Stock - Currency: USD
VSH gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 125 industry peers in the Electronic Equipment, Instruments & Components industry. VSH has an average financial health and profitability rating. VSH has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
VSH had positive earnings in the past year.
In the past year VSH had a positive cash flow from operations.
VSH had positive earnings in 4 of the past 5 years.
VSH 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 -1.58%, VSH is in line with its industry, outperforming 46.40% of the companies in the same industry.
VSH's Return On Equity of -3.26% is in line compared to the rest of the industry. VSH outperforms 47.20% of its industry peers.
VSH's Return On Invested Capital of 1.41% is in line compared to the rest of the industry. VSH outperforms 53.60% of its industry peers.
VSH had an Average Return On Invested Capital over the past 3 years of 8.55%. This is in line with the industry average of 9.35%.
The last Return On Invested Capital (1.41%) for VSH is well below the 3 year average (8.55%), which needs to be investigated, but indicates that VSH had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.58% | ||
| ROE | -3.26% | ||
| ROIC | 1.41% |
ROA(3y)5.99%
ROA(5y)6.06%
ROE(3y)11.39%
ROE(5y)11.81%
ROIC(3y)8.55%
ROIC(5y)8.57%
1.3 Margins
VSH has a Operating Margin (2.44%) which is comparable to the rest of the industry.
VSH's Operating Margin has declined in the last couple of years.
VSH has a Gross Margin of 20.35%. This is in the lower half of the industry: VSH underperforms 63.20% of its industry peers.
VSH's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 2.44% | ||
| PM (TTM) | N/A | ||
| GM | 20.35% |
OM growth 3Y-35.7%
OM growth 5Y-18.6%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-8.02%
GM growth 5Y-3.25%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so VSH is still creating some value.
The number of shares outstanding for VSH has been reduced compared to 1 year ago.
Compared to 5 years ago, VSH has less shares outstanding
VSH has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.00 indicates that VSH is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.00, VSH is not doing good in the industry: 70.40% of the companies in the same industry are doing better.
VSH has a Debt/Equity ratio of 0.49. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of VSH (0.49) is worse than 72.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2 |
ROIC/WACC0.19
WACC7.5%
2.3 Liquidity
VSH has a Current Ratio of 2.80. This indicates that VSH is financially healthy and has no problem in meeting its short term obligations.
With a Current ratio value of 2.80, VSH perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
VSH has a Quick Ratio of 1.79. This is a normal value and indicates that VSH is financially healthy and should not expect problems in meeting its short term obligations.
VSH has a Quick ratio of 1.79. This is comparable to the rest of the industry: VSH outperforms 52.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.8 | ||
| Quick Ratio | 1.79 |
3. Growth
3.1 Past
VSH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -88.24%.
The earnings per share for VSH have been decreasing by -17.90% on average. This is quite bad
VSH shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -11.31%.
The Revenue has been growing slightly by 1.94% on average over the past years.
EPS 1Y (TTM)-88.24%
EPS 3Y-41.27%
EPS 5Y-17.9%
EPS Q2Q%-113.64%
Revenue 1Y (TTM)-11.31%
Revenue growth 3Y-3.22%
Revenue growth 5Y1.94%
Sales Q2Q%-4.16%
3.2 Future
Based on estimates for the next years, VSH will show a very strong growth in Earnings Per Share. The EPS will grow by 61.25% on average per year.
VSH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.47% yearly.
EPS Next Y-16.19%
EPS Next 2Y61.25%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year2.82%
Revenue Next 2Y4.47%
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
VSH is valuated quite expensively with a Price/Earnings ratio of 70.23.
Compared to the rest of the industry, the Price/Earnings ratio of VSH is on the same level as its industry peers.
VSH is valuated expensively when we compare the Price/Earnings ratio to 26.32, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 12.64 indicates a correct valuation of VSH.
Compared to the rest of the industry, the Price/Forward Earnings ratio of VSH indicates a rather cheap valuation: VSH is cheaper than 88.00% of the companies listed in the same industry.
VSH is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 70.23 | ||
| Fwd PE | 12.64 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VSH indicates a rather cheap valuation: VSH is cheaper than 92.80% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.53 |
4.3 Compensation for Growth
VSH's earnings are expected to grow with 61.25% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y61.25%
EPS Next 3YN/A
5. Dividend
5.1 Amount
VSH has a Yearly Dividend Yield of 2.51%. Purely for dividend investing, there may be better candidates out there.
VSH's Dividend Yield is rather good when compared to the industry average which is at 2.04. VSH pays more dividend than 95.20% of the companies in the same industry.
VSH's Dividend Yield is comparable with the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.51% |
5.2 History
The dividend of VSH has a limited annual growth rate of 1.00%.
VSH has paid a dividend for at least 10 years, which is a reliable track record.
VSH has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)1%
Div Incr Years0
Div Non Decr Years10
5.3 Sustainability
VSH has negative earnings and hence a negative payout ratio. The dividend may be in danger.
VSH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-82.34%
EPS Next 2Y61.25%
EPS Next 3YN/A
15.45
+0.12 (+0.78%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners112.26%
Inst Owner Change1.42%
Ins Owners0.36%
Ins Owner Change19.38%
Market Cap2.09B
Analysts75
Price Target14.28 (-7.57%)
Short Float %8.02%
Short Ratio4.56
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.51% |
Yearly Dividend0.39
Dividend Growth(5Y)1%
DP-82.34%
Div Incr Years0
Div Non Decr Years10
Ex-Date
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-148.51%
Min EPS beat(2)-197.03%
Max EPS beat(2)-100%
EPS beat(4)1
Avg EPS beat(4)-83.29%
Min EPS beat(4)-197.03%
Max EPS beat(4)8.59%
EPS beat(8)5
Avg EPS beat(8)-39.93%
EPS beat(12)8
Avg EPS beat(12)-21.68%
EPS beat(16)10
Avg EPS beat(16)-15.08%
Revenue beat(2)0
Avg Revenue beat(2)-1.52%
Min Revenue beat(2)-1.92%
Max Revenue beat(2)-1.12%
Revenue beat(4)0
Avg Revenue beat(4)-2.14%
Min Revenue beat(4)-2.77%
Max Revenue beat(4)-1.12%
Revenue beat(8)2
Avg Revenue beat(8)-1.4%
Revenue beat(12)5
Avg Revenue beat(12)-0.97%
Revenue beat(16)7
Avg Revenue beat(16)-0.91%
PT rev (1m)-22.22%
PT rev (3m)-22.22%
EPS NQ rev (1m)33.33%
EPS NQ rev (3m)-57.15%
EPS NY rev (1m)0%
EPS NY rev (3m)-36.33%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.9%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 70.23 | ||
| Fwd PE | 12.64 | ||
| P/S | 0.72 | ||
| P/FCF | N/A | ||
| P/OCF | 19.11 | ||
| P/B | 1.03 | ||
| P/tB | 1.19 | ||
| EV/EBITDA | 8.53 |
EPS(TTM)0.22
EY1.42%
EPS(NY)1.22
Fwd EY7.91%
FCF(TTM)-1.62
FCFYN/A
OCF(TTM)0.81
OCFY5.23%
SpS21.44
BVpS14.99
TBVpS13.03
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.58% | ||
| ROE | -3.26% | ||
| ROCE | 2.03% | ||
| ROIC | 1.41% | ||
| ROICexc | 1.72% | ||
| ROICexgc | 1.89% | ||
| OM | 2.44% | ||
| PM (TTM) | N/A | ||
| GM | 20.35% | ||
| FCFM | N/A |
ROA(3y)5.99%
ROA(5y)6.06%
ROE(3y)11.39%
ROE(5y)11.81%
ROIC(3y)8.55%
ROIC(5y)8.57%
ROICexc(3y)11.88%
ROICexc(5y)12.15%
ROICexgc(3y)13.45%
ROICexgc(5y)13.79%
ROCE(3y)12.28%
ROCE(5y)12.3%
ROICexcg growth 3Y-45.54%
ROICexcg growth 5Y-24.42%
ROICexc growth 3Y-45.02%
ROICexc growth 5Y-24.04%
OM growth 3Y-35.7%
OM growth 5Y-18.6%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-8.02%
GM growth 5Y-3.25%
F-Score3
Asset Turnover0.69
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 3.46 | ||
| Cap/Depr | 152.9% | ||
| Cap/Sales | 11.3% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 38.35% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.8 | ||
| Quick Ratio | 1.79 | ||
| Altman-Z | 2 |
F-Score3
WACC7.5%
ROIC/WACC0.19
Cap/Depr(3y)176.33%
Cap/Depr(5y)146.82%
Cap/Sales(3y)9.96%
Cap/Sales(5y)8.31%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-88.24%
EPS 3Y-41.27%
EPS 5Y-17.9%
EPS Q2Q%-113.64%
EPS Next Y-16.19%
EPS Next 2Y61.25%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-11.31%
Revenue growth 3Y-3.22%
Revenue growth 5Y1.94%
Sales Q2Q%-4.16%
Revenue Next Year2.82%
Revenue Next 2Y4.47%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-80.86%
EBIT growth 3Y-37.77%
EBIT growth 5Y-17.02%
EBIT Next Year107.35%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-189.15%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-81.12%
OCF growth 3Y-27.57%
OCF growth 5Y-10.14%