VISHAY PRECISION GROUP (VPG) Stock Fundamental Analysis
USA - NYSE:VPG - US92835K1034 - Common Stock
36.99 USD
+3.82 (+11.52%)
38.12 USD
+1.13 (+3.05%)
VPG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 124 industry peers in the Electronic Equipment, Instruments & Components industry. VPG is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. 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.
Each year in the past 5 years VPG had a positive operating cash flow.
1.2 Ratios
VPG has a Return On Assets (-0.27%) which is comparable to the rest of the industry.
VPG has a Return On Equity of -0.39%. This is comparable to the rest of the industry: VPG outperforms 49.19% of its industry peers.
VPG's Return On Invested Capital of 1.16% is in line compared to the rest of the industry. VPG outperforms 48.39% of its industry peers.
The Average Return On Invested Capital over the past 3 years for VPG is below the industry average of 9.32%.
The 3 year average ROIC (5.39%) for VPG is well above the current ROIC(1.16%). The reason for the recent decline needs to be investigated.
| 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 in line with its industry peers.
In the last couple of years the Operating Margin of VPG has declined.
With a decent Gross Margin value of 39.17%, VPG is doing good in the industry, outperforming 66.94% of the companies in the same industry.
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
VPG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, VPG has less shares outstanding
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 3.96 indicates that VPG is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.96, VPG is in line with its industry, outperforming 57.26% 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 has a better Debt to FCF ratio (3.03) than 69.35% 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 54.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 3.03 | ||
| Altman-Z | 3.96 |
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.
The Current ratio of VPG (4.35) is better than 79.03% of its industry peers.
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.
The Quick ratio of VPG (2.87) is better than 71.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.35 | ||
| Quick Ratio | 2.87 |
3. Growth
3.1 Past
VPG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -76.24%.
The earnings per share for VPG have been decreasing by -10.99% on average. This is quite bad
VPG shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -11.46%.
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
VPG is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.14% yearly.
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
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 86.02, 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.
Compared to an average S&P500 Price/Earnings ratio of 27.53, VPG is valued quite expensively.
The Price/Forward Earnings ratio is 29.37, which means the current valuation is very expensive for VPG.
VPG's Price/Forward Earnings is on the same level as the industry average.
VPG's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 23.04.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 86.02 | ||
| Fwd PE | 29.37 |
4.2 Price Multiples
VPG's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. VPG is cheaper than 65.32% of the companies in the same industry.
64.52% of the companies in the same industry are more expensive than VPG, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 47.18 | ||
| EV/EBITDA | 18.41 |
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
VPG does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
36.99
+3.82 (+11.52%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners96.19%
Inst Owner Change0.02%
Ins Owners3.27%
Ins Owner Change2.42%
Market Cap491.23M
Analysts83.33
Price Target34.17 (-7.62%)
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 | 86.02 | ||
| Fwd PE | 29.37 | ||
| P/S | 1.66 | ||
| P/FCF | 47.18 | ||
| P/OCF | 28.63 | ||
| P/B | 1.48 | ||
| P/tB | 2.02 | ||
| EV/EBITDA | 18.41 |
EPS(TTM)0.43
EY1.16%
EPS(NY)1.26
Fwd EY3.4%
FCF(TTM)0.78
FCFY2.12%
OCF(TTM)1.29
OCFY3.49%
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 | 3.96 |
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%