VISHAY PRECISION GROUP (VPG) Stock Fundamental Analysis
USA - NYSE:VPG - US92835K1034 - Common Stock
31.3 USD
-0.52 (-1.63%)
31.3 USD
0 (0%)
VPG gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 125 industry peers in the Electronic Equipment, Instruments & Components industry. While VPG has a great health rating, its profitability is only average at the moment. VPG is valued expensive and it does not seem to be growing.
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.
Each year in the past 5 years VPG has been profitable.
VPG had a positive operating cash flow in each of the past 5 years.
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 52.00% of its industry peers.
The Return On Invested Capital of VPG (1.16%) is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for VPG is below the industry average of 9.48%.
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
VPG's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 2.59%, VPG perfoms like the industry average, outperforming 54.40% of the companies in the same industry.
VPG's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 39.17%, VPG is in the better half of the industry, outperforming 67.20% of the companies in the same industry.
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 | 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.
The number of shares outstanding for VPG has been reduced compared to 1 year ago.
The number of shares outstanding for VPG has been reduced compared to 5 years ago.
Compared to 1 year ago, VPG has a worse debt to assets ratio.
2.2 Solvency
VPG has an Altman-Z score of 3.62. This indicates that VPG is financially healthy and has little risk of bankruptcy at the moment.
VPG has a Altman-Z score (3.62) which is in line with its industry peers.
VPG has a debt to FCF ratio of 3.03. This is a good value and a sign of high solvency as VPG would need 3.03 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 3.03, VPG is in the better half of the industry, outperforming 69.60% of the companies in the same industry.
A Debt/Equity ratio of 0.10 indicates that VPG is not too dependend on debt financing.
The Debt to Equity ratio of VPG (0.10) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | 3.03 | ||
| Altman-Z | 3.62 |
ROIC/WACC0.13
WACC9.1%
2.3 Liquidity
A Current Ratio of 4.35 indicates that VPG has no problem at all paying its short term obligations.
VPG has a Current ratio of 4.35. This is in the better half of the industry: VPG outperforms 80.00% of its industry peers.
A Quick Ratio of 2.87 indicates that VPG has no problem at all paying its short term obligations.
With a decent Quick ratio value of 2.87, VPG is doing good in the industry, outperforming 72.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.35 | ||
| Quick Ratio | 2.87 |
3. Growth
3.1 Past
The earnings per share for VPG have decreased strongly by -76.24% in the last year.
VPG shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -10.99% yearly.
The Revenue for VPG has decreased by -11.46% in the past year. This is quite bad
The Revenue has been growing slightly by 1.54% on average over the past years.
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
Based on estimates for the next years, VPG will show a quite strong growth in Earnings Per Share. The EPS will grow by 15.14% on average per year.
The Revenue is expected to grow by 1.70% on average over the next years.
EPS Next Y-39.56%
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
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
A Price/Earnings ratio of 72.79 indicates a quite expensive valuation of VPG.
VPG's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.30, VPG is valued quite expensively.
Based on the Price/Forward Earnings ratio of 24.85, the valuation of VPG can be described as rather expensive.
VPG's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of VPG to the average of the S&P500 Index (22.73), we can say VPG is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 72.79 | ||
| Fwd PE | 24.85 |
4.2 Price Multiples
VPG's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. VPG is cheaper than 72.00% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, VPG is valued a bit cheaper than the industry average as 66.40% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 39.93 | ||
| EV/EBITDA | 15.19 |
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 |
31.3
-0.52 (-1.63%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners90.82%
Inst Owner Change8.33%
Ins Owners3.3%
Ins Owner Change2.42%
Market Cap415.66M
Analysts83.33
Price Target34.17 (9.17%)
Short Float %4.67%
Short Ratio4.87
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)5.51%
PT rev (3m)10.74%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-24.67%
EPS NY rev (1m)3.55%
EPS NY rev (3m)3.55%
Revenue NQ rev (1m)-2.84%
Revenue NQ rev (3m)-3.67%
Revenue NY rev (1m)0.59%
Revenue NY rev (3m)-0.31%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 72.79 | ||
| Fwd PE | 24.85 | ||
| P/S | 1.41 | ||
| P/FCF | 39.93 | ||
| P/OCF | 24.23 | ||
| P/B | 1.25 | ||
| P/tB | 1.71 | ||
| EV/EBITDA | 15.19 |
EPS(TTM)0.43
EY1.37%
EPS(NY)1.26
Fwd EY4.02%
FCF(TTM)0.78
FCFY2.5%
OCF(TTM)1.29
OCFY4.13%
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 | 3.62 |
F-Score4
WACC9.1%
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-39.56%
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 Year70.74%
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%