VICOR CORP (VICR) Stock Fundamental Analysis
NASDAQ:VICR - Nasdaq - US9258151029 - Common Stock - Currency: USD
We assign a fundamental rating of 6 out of 10 to VICR. VICR was compared to 94 industry peers in the Electrical Equipment industry. VICR has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. VICR has a decent growth rate and is not valued too expensively. This makes VICR very considerable for quality investing!
1. Profitability
1.1 Basic Checks
VICR had positive earnings in the past year.
VICR had a positive operating cash flow in the past year.
In the past 5 years VICR has always been profitable.
VICR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of VICR (3.48%) is better than 78.72% of its industry peers.
The Return On Equity of VICR (3.99%) is better than 77.66% of its industry peers.
The Return On Invested Capital of VICR (2.12%) is better than 65.96% of its industry peers.
The Average Return On Invested Capital over the past 3 years for VICR is significantly below the industry average of 9.89%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.48% | ||
| ROE | 3.99% | ||
| ROIC | 2.12% |
ROA(3y)4.9%
ROA(5y)6.21%
ROE(3y)5.49%
ROE(5y)6.98%
ROIC(3y)4.82%
ROIC(5y)5.53%
1.3 Margins
VICR's Profit Margin of 6.27% is amongst the best of the industry. VICR outperforms 80.85% of its industry peers.
VICR's Profit Margin has declined in the last couple of years.
The Operating Margin of VICR (4.59%) is better than 74.47% of its industry peers.
VICR's Operating Margin has been stable in the last couple of years.
VICR's Gross Margin of 49.64% is amongst the best of the industry. VICR outperforms 95.74% of its industry peers.
VICR's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.59% | ||
| PM (TTM) | 6.27% | ||
| GM | 49.64% |
OM growth 3Y-31.07%
OM growth 5Y-0.7%
PM growth 3Y-52.32%
PM growth 5Y-20.46%
GM growth 3Y1.11%
GM growth 5Y1.85%
2. Health
2.1 Basic Checks
VICR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
VICR has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, VICR has more shares outstanding
VICR has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
VICR has an Altman-Z score of 17.09. This indicates that VICR is financially healthy and has little risk of bankruptcy at the moment.
VICR has a Altman-Z score of 17.09. This is amongst the best in the industry. VICR outperforms 95.74% of its industry peers.
VICR has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 17.09 |
ROIC/WACC0.24
WACC8.99%
2.3 Liquidity
A Current Ratio of 6.44 indicates that VICR has no problem at all paying its short term obligations.
VICR has a Current ratio of 6.44. This is amongst the best in the industry. VICR outperforms 92.55% of its industry peers.
A Quick Ratio of 5.13 indicates that VICR has no problem at all paying its short term obligations.
VICR's Quick ratio of 5.13 is amongst the best of the industry. VICR outperforms 91.49% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 6.44 | ||
| Quick Ratio | 5.13 |
3. Growth
3.1 Past
VICR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -48.00%.
Measured over the past years, VICR shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.52% on average per year.
Looking at the last year, VICR shows a decrease in Revenue. The Revenue has decreased by -5.59% in the last year.
The Revenue has been growing slightly by 6.42% on average over the past years.
EPS 1Y (TTM)-48%
EPS 3Y-25.55%
EPS 5Y9.52%
EPS Q2Q%0%
Revenue 1Y (TTM)-5.59%
Revenue growth 3Y-0.03%
Revenue growth 5Y6.42%
Sales Q2Q%12.04%
3.2 Future
VICR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 89.20% yearly.
Based on estimates for the next years, VICR will show a quite strong growth in Revenue. The Revenue will grow by 14.85% on average per year.
EPS Next Y194.23%
EPS Next 2Y89.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year14.99%
Revenue Next 2Y14.85%
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
With a Price/Earnings ratio of 88.94, VICR can be considered very expensive at the moment.
VICR's Price/Earnings ratio is a bit cheaper when compared to the industry. VICR is cheaper than 68.09% of the companies in the same industry.
VICR is valuated expensively when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 24.85, the valuation of VICR can be described as rather expensive.
VICR's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. VICR is cheaper than 73.40% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of VICR to the average of the S&P500 Index (21.76), we can say VICR is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 88.94 | ||
| Fwd PE | 24.85 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, VICR is valued a bit cheaper than 68.09% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, VICR is valued a bit cheaper than the industry average as 70.21% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.01 | ||
| EV/EBITDA | 50.65 |
4.3 Compensation for Growth
VICR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
VICR has a very decent profitability rating, which may justify a higher PE ratio.
VICR's earnings are expected to grow with 89.20% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.46
PEG (5Y)9.34
EPS Next 2Y89.2%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for VICR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
46.25
-0.81 (-1.72%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners60.77%
Inst Owner Change0.02%
Ins Owners31.03%
Ins Owner Change-0.05%
Market Cap2.09B
Analysts77.78
Price Target51 (10.27%)
Short Float %6.19%
Short Ratio5.7
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-34.86%
Min EPS beat(2)-79.72%
Max EPS beat(2)10%
EPS beat(4)2
Avg EPS beat(4)-28.91%
Min EPS beat(4)-128.01%
Max EPS beat(4)82.07%
EPS beat(8)4
Avg EPS beat(8)-19.34%
EPS beat(12)6
Avg EPS beat(12)-3.05%
EPS beat(16)7
Avg EPS beat(16)-9.98%
Revenue beat(2)1
Avg Revenue beat(2)-0.55%
Min Revenue beat(2)-4.66%
Max Revenue beat(2)3.57%
Revenue beat(4)3
Avg Revenue beat(4)2.25%
Min Revenue beat(4)-4.66%
Max Revenue beat(4)7.16%
Revenue beat(8)4
Avg Revenue beat(8)-0.4%
Revenue beat(12)6
Avg Revenue beat(12)0.11%
Revenue beat(16)6
Avg Revenue beat(16)-2.2%
PT rev (1m)0%
PT rev (3m)-16.67%
EPS NQ rev (1m)-50.88%
EPS NQ rev (3m)-60.56%
EPS NY rev (1m)0%
EPS NY rev (3m)3.45%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-5.02%
Revenue NY rev (1m)0.83%
Revenue NY rev (3m)-1.61%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 88.94 | ||
| Fwd PE | 24.85 | ||
| P/S | 5.66 | ||
| P/FCF | 44.01 | ||
| P/OCF | 30.58 | ||
| P/B | 3.6 | ||
| P/tB | 3.6 | ||
| EV/EBITDA | 50.65 |
EPS(TTM)0.52
EY1.12%
EPS(NY)1.86
Fwd EY4.02%
FCF(TTM)1.05
FCFY2.27%
OCF(TTM)1.51
OCFY3.27%
SpS8.17
BVpS12.84
TBVpS12.84
PEG (NY)0.46
PEG (5Y)9.34
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.48% | ||
| ROE | 3.99% | ||
| ROCE | 2.88% | ||
| ROIC | 2.12% | ||
| ROICexc | 4.26% | ||
| ROICexgc | 4.26% | ||
| OM | 4.59% | ||
| PM (TTM) | 6.27% | ||
| GM | 49.64% | ||
| FCFM | 12.87% |
ROA(3y)4.9%
ROA(5y)6.21%
ROE(3y)5.49%
ROE(5y)6.98%
ROIC(3y)4.82%
ROIC(5y)5.53%
ROICexc(3y)8.51%
ROICexc(5y)10.98%
ROICexgc(3y)8.52%
ROICexgc(5y)11%
ROCE(3y)6.53%
ROCE(5y)7.5%
ROICexcg growth 3Y-39.91%
ROICexcg growth 5Y-11.32%
ROICexc growth 3Y-39.89%
ROICexc growth 5Y-11.26%
OM growth 3Y-31.07%
OM growth 5Y-0.7%
PM growth 3Y-52.32%
PM growth 5Y-20.46%
GM growth 3Y1.11%
GM growth 5Y1.85%
F-Score4
Asset Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 108.76% | ||
| Cap/Sales | 5.66% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 189.14% | ||
| Profit Quality | 205.29% | ||
| Current Ratio | 6.44 | ||
| Quick Ratio | 5.13 | ||
| Altman-Z | 17.09 |
F-Score4
WACC8.99%
ROIC/WACC0.24
Cap/Depr(3y)261.66%
Cap/Depr(5y)290.38%
Cap/Sales(3y)10.29%
Cap/Sales(5y)10.76%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-48%
EPS 3Y-25.55%
EPS 5Y9.52%
EPS Q2Q%0%
EPS Next Y194.23%
EPS Next 2Y89.2%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-5.59%
Revenue growth 3Y-0.03%
Revenue growth 5Y6.42%
Sales Q2Q%12.04%
Revenue Next Year14.99%
Revenue Next 2Y14.85%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-59.66%
EBIT growth 3Y-31.09%
EBIT growth 5Y5.68%
EBIT Next Year160%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y307.27%
FCF growth 3Y59.76%
FCF growth 5Y22.89%
OCF growth 1Y140.29%
OCF growth 3Y-2.25%
OCF growth 5Y18.01%