LITTELFUSE INC (LFUS) Stock Fundamental Analysis
NASDAQ:LFUS - Nasdaq - US5370081045 - Common Stock - Currency: USD
Overall LFUS gets a fundamental rating of 5 out of 10. We evaluated LFUS against 125 industry peers in the Electronic Equipment, Instruments & Components industry. Both the profitability and the financial health of LFUS get a neutral evaluation. Nothing too spectacular is happening here. LFUS has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
LFUS had positive earnings in the past year.
LFUS had a positive operating cash flow in the past year.
In the past 5 years LFUS has always been profitable.
In the past 5 years LFUS always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of LFUS (2.45%) is better than 62.40% of its industry peers.
LFUS has a Return On Equity of 3.88%. This is comparable to the rest of the industry: LFUS outperforms 60.00% of its industry peers.
LFUS has a better Return On Invested Capital (5.94%) than 67.20% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LFUS is in line with the industry average of 9.30%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.45% | ||
| ROE | 3.88% | ||
| ROIC | 5.94% |
ROA(3y)6.21%
ROA(5y)6.47%
ROE(3y)10.5%
ROE(5y)10.91%
ROIC(3y)8.41%
ROIC(5y)8.36%
1.3 Margins
LFUS has a Profit Margin of 4.31%. This is in the better half of the industry: LFUS outperforms 72.00% of its industry peers.
LFUS's Profit Margin has declined in the last couple of years.
LFUS's Operating Margin of 13.04% is amongst the best of the industry. LFUS outperforms 87.20% of its industry peers.
In the last couple of years the Operating Margin of LFUS has declined.
LFUS has a Gross Margin of 36.52%. This is in the better half of the industry: LFUS outperforms 63.20% of its industry peers.
In the last couple of years the Gross Margin of LFUS has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.04% | ||
| PM (TTM) | 4.31% | ||
| GM | 36.52% |
OM growth 3Y-13.65%
OM growth 5Y-2.27%
PM growth 3Y-30.54%
PM growth 5Y-13.14%
GM growth 3Y-1.06%
GM growth 5Y-0.21%
2. Health
2.1 Basic Checks
LFUS has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
LFUS has less shares outstanding than it did 1 year ago.
The number of shares outstanding for LFUS has been increased compared to 5 years ago.
Compared to 1 year ago, LFUS has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 4.25 indicates that LFUS is not in any danger for bankruptcy at the moment.
LFUS's Altman-Z score of 4.25 is fine compared to the rest of the industry. LFUS outperforms 68.00% of its industry peers.
LFUS has a debt to FCF ratio of 2.75. This is a good value and a sign of high solvency as LFUS would need 2.75 years to pay back of all of its debts.
LFUS has a Debt to FCF ratio of 2.75. This is in the better half of the industry: LFUS outperforms 73.60% of its industry peers.
A Debt/Equity ratio of 0.32 indicates that LFUS is not too dependend on debt financing.
The Debt to Equity ratio of LFUS (0.32) is worse than 62.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 2.75 | ||
| Altman-Z | 4.25 |
ROIC/WACC0.67
WACC8.9%
2.3 Liquidity
A Current Ratio of 3.88 indicates that LFUS has no problem at all paying its short term obligations.
The Current ratio of LFUS (3.88) is better than 74.40% of its industry peers.
A Quick Ratio of 2.75 indicates that LFUS has no problem at all paying its short term obligations.
LFUS has a Quick ratio of 2.75. This is in the better half of the industry: LFUS outperforms 71.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.88 | ||
| Quick Ratio | 2.75 |
3. Growth
3.1 Past
The earnings per share for LFUS have decreased by -9.73% in the last year.
The Earnings Per Share has been growing slightly by 4.45% on average over the past years.
LFUS shows a decrease in Revenue. In the last year, the revenue decreased by -3.43%.
Measured over the past years, LFUS shows a small growth in Revenue. The Revenue has been growing by 7.81% on average per year.
EPS 1Y (TTM)-9.73%
EPS 3Y-13.69%
EPS 5Y4.45%
EPS Q2Q%24.43%
Revenue 1Y (TTM)-3.43%
Revenue growth 3Y1.75%
Revenue growth 5Y7.81%
Sales Q2Q%3.53%
3.2 Future
The Earnings Per Share is expected to grow by 16.75% on average over the next years. This is quite good.
LFUS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.74% yearly.
EPS Next Y11.33%
EPS Next 2Y19.15%
EPS Next 3Y20.55%
EPS Next 5Y16.75%
Revenue Next Year4.48%
Revenue Next 2Y6.11%
Revenue Next 3Y6.71%
Revenue Next 5Y6.74%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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 26.54, the valuation of LFUS can be described as expensive.
Based on the Price/Earnings ratio, LFUS is valued a bit cheaper than 66.40% of the companies in the same industry.
LFUS's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.45.
Based on the Price/Forward Earnings ratio of 19.65, the valuation of LFUS can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LFUS indicates a somewhat cheap valuation: LFUS is cheaper than 68.80% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.90. LFUS is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.54 | ||
| Fwd PE | 19.65 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LFUS indicates a somewhat cheap valuation: LFUS is cheaper than 73.60% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, LFUS is valued cheaply inside the industry as 81.60% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.97 | ||
| EV/EBITDA | 14.4 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates LFUS does not grow enough to justify the current Price/Earnings ratio.
The decent profitability rating of LFUS may justify a higher PE ratio.
A more expensive valuation may be justified as LFUS's earnings are expected to grow with 20.55% in the coming years.
PEG (NY)2.34
PEG (5Y)5.96
EPS Next 2Y19.15%
EPS Next 3Y20.55%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.18%, LFUS has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.95, LFUS pays a better dividend. On top of this LFUS pays more dividend than 88.00% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, LFUS's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.18% |
5.2 History
The dividend of LFUS is nicely growing with an annual growth rate of 13.74%!
LFUS has been paying a dividend for at least 10 years, so it has a reliable track record.
LFUS has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)13.74%
Div Incr Years14
Div Non Decr Years14
5.3 Sustainability
71.55% of the earnings are spent on dividend by LFUS. This is not a sustainable payout ratio.
LFUS's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP71.55%
EPS Next 2Y19.15%
EPS Next 3Y20.55%
236.49
-0.86 (-0.36%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners106.54%
Inst Owner Change3.57%
Ins Owners0.86%
Ins Owner Change11.53%
Market Cap5.85B
Analysts78.18
Price Target250.44 (5.9%)
Short Float %2.61%
Short Ratio2.82
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.18% |
Yearly Dividend2.7
Dividend Growth(5Y)13.74%
DP71.55%
Div Incr Years14
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)7.82%
Min EPS beat(2)-2.99%
Max EPS beat(2)18.62%
EPS beat(4)3
Avg EPS beat(4)13.19%
Min EPS beat(4)-2.99%
Max EPS beat(4)27.07%
EPS beat(8)4
Avg EPS beat(8)5.97%
EPS beat(12)8
Avg EPS beat(12)7.22%
EPS beat(16)12
Avg EPS beat(16)13.44%
Revenue beat(2)1
Avg Revenue beat(2)-0.23%
Min Revenue beat(2)-1.07%
Max Revenue beat(2)0.61%
Revenue beat(4)2
Avg Revenue beat(4)0.17%
Min Revenue beat(4)-1.07%
Max Revenue beat(4)1.34%
Revenue beat(8)4
Avg Revenue beat(8)-0.54%
Revenue beat(12)7
Avg Revenue beat(12)-0.28%
Revenue beat(16)11
Avg Revenue beat(16)1.1%
PT rev (1m)-2.19%
PT rev (3m)-15.11%
EPS NQ rev (1m)1.53%
EPS NQ rev (3m)0.12%
EPS NY rev (1m)-0.62%
EPS NY rev (3m)-0.89%
Revenue NQ rev (1m)0.28%
Revenue NQ rev (3m)0.32%
Revenue NY rev (1m)0.17%
Revenue NY rev (3m)0.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.54 | ||
| Fwd PE | 19.65 | ||
| P/S | 2.65 | ||
| P/FCF | 19.97 | ||
| P/OCF | 15.54 | ||
| P/B | 2.38 | ||
| P/tB | 8.52 | ||
| EV/EBITDA | 14.4 |
EPS(TTM)8.91
EY3.77%
EPS(NY)12.04
Fwd EY5.09%
FCF(TTM)11.84
FCFY5.01%
OCF(TTM)15.22
OCFY6.44%
SpS89.39
BVpS99.37
TBVpS27.74
PEG (NY)2.34
PEG (5Y)5.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.45% | ||
| ROE | 3.88% | ||
| ROCE | 8.19% | ||
| ROIC | 5.94% | ||
| ROICexc | 7.2% | ||
| ROICexgc | 18.51% | ||
| OM | 13.04% | ||
| PM (TTM) | 4.31% | ||
| GM | 36.52% | ||
| FCFM | 13.25% |
ROA(3y)6.21%
ROA(5y)6.47%
ROE(3y)10.5%
ROE(5y)10.91%
ROIC(3y)8.41%
ROIC(5y)8.36%
ROICexc(3y)10.18%
ROICexc(5y)10.33%
ROICexgc(3y)27.42%
ROICexgc(5y)27.03%
ROCE(3y)11.6%
ROCE(5y)11.53%
ROICexcg growth 3Y-15.53%
ROICexcg growth 5Y-3.65%
ROICexc growth 3Y-17.78%
ROICexc growth 5Y-3.04%
OM growth 3Y-13.65%
OM growth 5Y-2.27%
PM growth 3Y-30.54%
PM growth 5Y-13.14%
GM growth 3Y-1.06%
GM growth 5Y-0.21%
F-Score6
Asset Turnover0.57
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.32 | ||
| Debt/FCF | 2.75 | ||
| Debt/EBITDA | 1.88 | ||
| Cap/Depr | 63.83% | ||
| Cap/Sales | 3.78% | ||
| Interest Coverage | 8.2 | ||
| Cash Conversion | 89.81% | ||
| Profit Quality | 307.21% | ||
| Current Ratio | 3.88 | ||
| Quick Ratio | 2.75 | ||
| Altman-Z | 4.25 |
F-Score6
WACC8.9%
ROIC/WACC0.67
Cap/Depr(3y)69.1%
Cap/Depr(5y)71.53%
Cap/Sales(3y)3.75%
Cap/Sales(5y)3.9%
Profit Quality(3y)172.91%
Profit Quality(5y)154.72%
High Growth Momentum
Growth
EPS 1Y (TTM)-9.73%
EPS 3Y-13.69%
EPS 5Y4.45%
EPS Q2Q%24.43%
EPS Next Y11.33%
EPS Next 2Y19.15%
EPS Next 3Y20.55%
EPS Next 5Y16.75%
Revenue 1Y (TTM)-3.43%
Revenue growth 3Y1.75%
Revenue growth 5Y7.81%
Sales Q2Q%3.53%
Revenue Next Year4.48%
Revenue Next 2Y6.11%
Revenue Next 3Y6.71%
Revenue Next 5Y6.74%
EBIT growth 1Y-13.68%
EBIT growth 3Y-12.14%
EBIT growth 5Y5.36%
EBIT Next Year78.2%
EBIT Next 3Y33.59%
EBIT Next 5Y22.62%
FCF growth 1Y-8.84%
FCF growth 3Y1.06%
FCF growth 5Y9.73%
OCF growth 1Y-10.72%
OCF growth 3Y-0.51%
OCF growth 5Y8.43%