VISHAY PRECISION GROUP (VPG) Stock Fundamental Analysis
NYSE:VPG - New York Stock Exchange, Inc. - US92835K1034 - Common Stock - Currency: USD
VPG gets a fundamental rating of 5 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 decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
VPG had positive earnings in the past year.
In the past year VPG had a positive cash flow from operations.
VPG had positive earnings in each of the past 5 years.
Each year in the past 5 years VPG had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.20%, VPG is in line with its industry, outperforming 58.06% of the companies in the same industry.
VPG has a Return On Equity of 3.08%. This is comparable to the rest of the industry: VPG outperforms 56.45% of its industry peers.
The Return On Invested Capital of VPG (2.80%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for VPG is below the industry average of 9.15%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.2% | ||
| ROE | 3.08% | ||
| ROIC | 2.8% |
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
The Profit Margin of VPG (3.23%) is better than 65.32% of its industry peers.
VPG's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 5.88%, VPG is in the better half of the industry, outperforming 69.35% of the companies in the same industry.
VPG's Operating Margin has declined in the last couple of years.
VPG's Gross Margin of 40.95% is fine compared to the rest of the industry. VPG outperforms 71.77% of its industry peers.
In the last couple of years the Gross Margin of VPG has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.88% | ||
| PM (TTM) | 3.23% | ||
| GM | 40.95% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VPG is destroying value.
The number of shares outstanding for VPG has been reduced compared to 1 year ago.
VPG has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, VPG has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.10 indicates that VPG is not in any danger for bankruptcy at the moment.
The Altman-Z score of VPG (3.10) is comparable to the rest of the industry.
The Debt to FCF ratio of VPG is 2.95, which is a good value as it means it would take VPG, 2.95 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of VPG (2.95) is better than 67.74% of its industry peers.
A Debt/Equity ratio of 0.10 indicates that VPG is not too dependend on debt financing.
VPG has a Debt to Equity ratio (0.10) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 2.95 | ||
| Altman-Z | 3.1 |
ROIC/WACC0.33
WACC8.46%
2.3 Liquidity
A Current Ratio of 4.47 indicates that VPG has no problem at all paying its short term obligations.
VPG has a better Current ratio (4.47) than 78.23% of its industry peers.
VPG has a Quick Ratio of 2.88. This indicates that VPG is financially healthy and has no problem in meeting its short term obligations.
VPG has a better Quick ratio (2.88) than 72.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.47 | ||
| Quick Ratio | 2.88 |
3. Growth
3.1 Past
VPG shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -56.42%.
The earnings per share for VPG have been decreasing by -10.99% on average. This is quite bad
Looking at the last year, VPG shows a very negative growth in Revenue. The Revenue has decreased by -13.67% in the last year.
The Revenue has been growing slightly by 1.54% on average over the past years.
EPS 1Y (TTM)-56.42%
EPS 3Y-20.35%
EPS 5Y-10.99%
EPS Q2Q%-95.08%
Revenue 1Y (TTM)-13.67%
Revenue growth 3Y-1.21%
Revenue growth 5Y1.54%
Sales Q2Q%-18.85%
3.2 Future
VPG is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.91% yearly.
VPG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.61% yearly.
EPS Next Y3.66%
EPS Next 2Y20.91%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1.25%
Revenue Next 2Y3.61%
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.
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
A Price/Earnings ratio of 20.47 indicates a rather expensive valuation of VPG.
Compared to the rest of the industry, the Price/Earnings ratio of VPG indicates a somewhat cheap valuation: VPG is cheaper than 66.13% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.63. VPG is valued slightly cheaper when compared to this.
VPG is valuated rather expensively with a Price/Forward Earnings ratio of 19.75.
The rest of the industry has a similar Price/Forward Earnings ratio as VPG.
When comparing the Price/Forward Earnings ratio of VPG to the average of the S&P500 Index (20.85), we can say VPG is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.47 | ||
| Fwd PE | 19.75 |
4.2 Price Multiples
92.74% of the companies in the same industry are more expensive than VPG, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of VPG indicates a somewhat cheap valuation: VPG is cheaper than 66.94% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.21 | ||
| EV/EBITDA | 6.21 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates VPG does not grow enough to justify the current Price/Earnings ratio.
A more expensive valuation may be justified as VPG's earnings are expected to grow with 20.91% in the coming years.
PEG (NY)5.6
PEG (5Y)N/A
EPS Next 2Y20.91%
EPS Next 3YN/A
5. Dividend
5.1 Amount
VPG does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
19.45
-0.92 (-4.52%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners93.24%
Inst Owner Change0.04%
Ins Owners3.09%
Ins Owner Change5.75%
Market Cap257.91M
Analysts83.33
Price Target34.85 (79.18%)
Short Float %2.06%
Short Ratio2.92
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)0
Avg EPS beat(2)-52.26%
Min EPS beat(2)-78%
Max EPS beat(2)-26.52%
EPS beat(4)1
Avg EPS beat(4)-23.86%
Min EPS beat(4)-78%
Max EPS beat(4)17.47%
EPS beat(8)3
Avg EPS beat(8)-4.21%
EPS beat(12)7
Avg EPS beat(12)3.23%
EPS beat(16)11
Avg EPS beat(16)5.66%
Revenue beat(2)0
Avg Revenue beat(2)-2.31%
Min Revenue beat(2)-2.36%
Max Revenue beat(2)-2.26%
Revenue beat(4)0
Avg Revenue beat(4)-3.54%
Min Revenue beat(4)-5.75%
Max Revenue beat(4)-2.26%
Revenue beat(8)2
Avg Revenue beat(8)-1.44%
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)4.06%
EPS NQ rev (1m)-41.67%
EPS NQ rev (3m)-61.11%
EPS NY rev (1m)0%
EPS NY rev (3m)-8.88%
Revenue NQ rev (1m)-1.99%
Revenue NQ rev (3m)-3.81%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.47 | ||
| Fwd PE | 19.75 | ||
| P/S | 0.84 | ||
| P/FCF | 24.21 | ||
| P/OCF | 13.02 | ||
| P/B | 0.8 | ||
| P/tB | 1.11 | ||
| EV/EBITDA | 6.21 |
EPS(TTM)0.95
EY4.88%
EPS(NY)0.98
Fwd EY5.06%
FCF(TTM)0.8
FCFY4.13%
OCF(TTM)1.49
OCFY7.68%
SpS23.12
BVpS24.28
TBVpS17.6
PEG (NY)5.6
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.2% | ||
| ROE | 3.08% | ||
| ROCE | 4.53% | ||
| ROIC | 2.8% | ||
| ROICexc | 3.5% | ||
| ROICexgc | 4.85% | ||
| OM | 5.88% | ||
| PM (TTM) | 3.23% | ||
| GM | 40.95% | ||
| FCFM | 3.48% |
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-Score5
Asset Turnover0.68
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 2.95 | ||
| Debt/EBITDA | 0.93 | ||
| Cap/Depr | 57.98% | ||
| Cap/Sales | 2.99% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 58.57% | ||
| Profit Quality | 107.48% | ||
| Current Ratio | 4.47 | ||
| Quick Ratio | 2.88 | ||
| Altman-Z | 3.1 |
F-Score5
WACC8.46%
ROIC/WACC0.33
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)-56.42%
EPS 3Y-20.35%
EPS 5Y-10.99%
EPS Q2Q%-95.08%
EPS Next Y3.66%
EPS Next 2Y20.91%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-13.67%
Revenue growth 3Y-1.21%
Revenue growth 5Y1.54%
Sales Q2Q%-18.85%
Revenue Next Year1.25%
Revenue Next 2Y3.61%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-58.57%
EBIT growth 3Y-15.52%
EBIT growth 5Y-10.79%
EBIT Next Year85.58%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-65.35%
FCF growth 3Y-13.54%
FCF growth 5Y-11.6%
OCF growth 1Y-56.82%
OCF growth 3Y-16.09%
OCF growth 5Y-8.52%