VISHAY INTERTECHNOLOGY INC (VSH) Stock Fundamental Analysis
NYSE:VSH - New York Stock Exchange, Inc. - US9282981086 - Common Stock - Currency: USD
Overall VSH gets a fundamental rating of 4 out of 10. We evaluated VSH against 125 industry peers in the Electronic Equipment, Instruments & Components industry. VSH has an average financial health and profitability rating. VSH is not valued too expensively and it also shows a decent 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 47.20% of the companies in the same industry.
The Return On Equity of VSH (-3.26%) is comparable to the rest of the industry.
VSH has a Return On Invested Capital of 1.41%. This is comparable 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 9.16%.
The 3 year average ROIC (8.55%) for VSH is well above the current ROIC(1.41%). The reason for the recent decline needs to be investigated.
| 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's Gross Margin of 20.35% is on the low side compared to the rest of the industry. VSH is outperformed by 63.20% of its industry peers.
In the last couple of years the Gross Margin of VSH has declined.
| 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), VSH is creating some value.
VSH has less shares outstanding than it did 1 year ago.
The number of shares outstanding for VSH has been reduced compared to 5 years ago.
VSH has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.06 indicates that VSH is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.06, VSH is doing worse than 71.20% of the companies in the same industry.
A Debt/Equity ratio of 0.49 indicates that VSH is not too dependend on debt financing.
VSH has a Debt to Equity ratio of 0.49. This is in the lower half of the industry: VSH underperforms 72.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.49 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.06 |
ROIC/WACC0.17
WACC8.48%
2.3 Liquidity
A Current Ratio of 2.80 indicates that VSH has no problem at all paying its short term obligations.
The Current ratio of VSH (2.80) is better than 60.80% of its industry peers.
A Quick Ratio of 1.79 indicates that VSH should not have too much problems paying its short term obligations.
VSH has a Quick ratio (1.79) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.8 | ||
| Quick Ratio | 1.79 |
3. Growth
3.1 Past
The earnings per share for VSH have decreased strongly by -88.24% in the last year.
VSH shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -17.90% yearly.
The Revenue for VSH has decreased by -11.31% in the past year. This is quite bad
Measured over the past years, VSH shows a small growth in Revenue. The Revenue has been growing by 1.94% on average per year.
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 51.40% 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-43.41%
EPS Next 2Y51.4%
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
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 77.27, VSH can be considered very expensive at the moment.
VSH's Price/Earnings ratio is in line with the industry average.
VSH is valuated expensively when we compare the Price/Earnings ratio to 28.04, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 15.78, which 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 80.80% of the companies listed in the same industry.
VSH's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 37.64.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 77.27 | ||
| Fwd PE | 15.78 |
4.2 Price Multiples
88.80% of the companies in the same industry are more expensive than VSH, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.28 |
4.3 Compensation for Growth
A more expensive valuation may be justified as VSH's earnings are expected to grow with 51.40% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y51.4%
EPS Next 3YN/A
5. Dividend
5.1 Amount
VSH has a Yearly Dividend Yield of 2.31%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 1.83, VSH pays a better dividend. On top of this VSH pays more dividend than 95.20% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.35, VSH has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.31% |
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 its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)1%
Div Incr Years0
Div Non Decr Years10
5.3 Sustainability
The earnings of VSH are negative and hence is the payout ratio. VSH will probably not be able to sustain this dividend level.
The dividend of VSH is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-82.34%
EPS Next 2Y51.4%
EPS Next 3YN/A
17
+0.07 (+0.41%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners112.26%
Inst Owner Change0%
Ins Owners0.36%
Ins Owner Change19.35%
Market Cap2.30B
Analysts75
Price Target14.28 (-16%)
Short Float %7.64%
Short Ratio5.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.31% |
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)0%
PT rev (3m)-22.22%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-57.15%
EPS NY rev (1m)0%
EPS NY rev (3m)-57.18%
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 | 77.27 | ||
| Fwd PE | 15.78 | ||
| P/S | 0.79 | ||
| P/FCF | N/A | ||
| P/OCF | 21.03 | ||
| P/B | 1.13 | ||
| P/tB | 1.3 | ||
| EV/EBITDA | 9.28 |
EPS(TTM)0.22
EY1.29%
EPS(NY)1.08
Fwd EY6.34%
FCF(TTM)-1.62
FCFYN/A
OCF(TTM)0.81
OCFY4.76%
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 | 2.06 |
F-Score3
WACC8.48%
ROIC/WACC0.17
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-43.41%
EPS Next 2Y51.4%
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%