VISHAY INTERTECHNOLOGY INC (VSH) Stock Fundamental Analysis
NYSE:VSH - New York Stock Exchange, Inc. - US9282981086 - Common Stock - Currency: USD
Overall VSH gets a fundamental rating of 4 out of 10. We evaluated VSH against 124 industry peers in the Electronic Equipment, Instruments & Components industry. VSH has an average financial health and profitability rating. VSH is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year VSH was profitable.
In the past year VSH had a positive cash flow from operations.
VSH had positive earnings in 4 of the past 5 years.
Each year in the past 5 years VSH had a positive operating cash flow.
1.2 Ratios
VSH's Return On Assets of -0.76% is in line compared to the rest of the industry. VSH outperforms 46.67% of its industry peers.
VSH has a Return On Equity of -1.54%. This is comparable to the rest of the industry: VSH outperforms 48.33% of its industry peers.
VSH has a Return On Invested Capital (2.31%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for VSH is in line with the industry average of 8.95%.
The 3 year average ROIC (8.55%) for VSH is well above the current ROIC(2.31%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.76% | ||
| ROE | -1.54% | ||
| ROIC | 2.31% |
ROA(3y)5.99%
ROA(5y)6.06%
ROE(3y)11.39%
ROE(5y)11.81%
ROIC(3y)8.55%
ROIC(5y)8.57%
1.3 Margins
With a Operating Margin value of 3.84%, VSH perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
In the last couple of years the Operating Margin of VSH has declined.
The Gross Margin of VSH (21.32%) is worse than 65.00% of its industry peers.
In the last couple of years the Gross Margin of VSH has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 3.84% | ||
| PM (TTM) | N/A | ||
| GM | 21.32% |
OM growth 3Y-35.7%
OM growth 5Y-18.6%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-8.02%
GM growth 5Y-3.25%
2. Health
2.1 Basic Checks
VSH has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, VSH has less shares outstanding
The number of shares outstanding for VSH has been reduced compared to 5 years ago.
The debt/assets ratio for VSH is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.23 indicates that VSH is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.23, VSH is not doing good in the industry: 64.17% of the companies in the same industry are doing better.
A Debt/Equity ratio of 0.45 indicates that VSH is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.45, VSH is not doing good in the industry: 67.50% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.23 |
ROIC/WACC0.29
WACC8%
2.3 Liquidity
VSH has a Current Ratio of 2.70. This indicates that VSH is financially healthy and has no problem in meeting its short term obligations.
VSH has a Current ratio (2.70) which is comparable to the rest of the industry.
A Quick Ratio of 1.73 indicates that VSH should not have too much problems paying its short term obligations.
The Quick ratio of VSH (1.73) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.7 | ||
| Quick Ratio | 1.73 |
3. Growth
3.1 Past
The earnings per share for VSH have decreased strongly by -80.74% in the last year.
VSH shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -17.90% yearly.
VSH shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -13.65%.
Measured over the past years, VSH shows a small growth in Revenue. The Revenue has been growing by 1.94% on average per year.
EPS 1Y (TTM)-80.74%
EPS 3Y-41.27%
EPS 5Y-17.9%
EPS Q2Q%-100%
Revenue 1Y (TTM)-13.65%
Revenue growth 3Y-3.22%
Revenue growth 5Y1.94%
Sales Q2Q%-8.98%
3.2 Future
The Earnings Per Share is expected to grow by 81.72% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 9.06% on average over the next years. This is quite good.
EPS Next Y31.62%
EPS Next 2Y81.72%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.4%
Revenue Next 2Y9.06%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 39.64, VSH can be considered very expensive at the moment.
VSH's Price/Earnings ratio is in line with the industry average.
VSH is valuated rather expensively when we compare the Price/Earnings ratio to 29.63, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 30.12 indicates a quite expensive valuation of VSH.
VSH's Price/Forward Earnings ratio is in line with the industry average.
VSH's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 22.68.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.64 | ||
| Fwd PE | 30.12 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, VSH is valued cheaper than 87.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.89 |
4.3 Compensation for Growth
VSH's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
VSH's earnings are expected to grow with 81.72% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.25
PEG (5Y)N/A
EPS Next 2Y81.72%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.10%, VSH has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.92, VSH pays a better dividend. On top of this VSH pays more dividend than 95.83% of the companies listed in the same industry.
VSH's Dividend Yield is comparable with the S&P500 average which is at 2.29.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.1% |
5.2 History
The dividend of VSH has a limited annual growth rate of 1.00%.
VSH has been paying a dividend for at least 10 years, so it has a reliable track record.
VSH has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)1%
Div Incr Years0
Div Non Decr Years10
5.3 Sustainability
The earnings of VSH are negative and hence is the payout ratio. VSH will probably not be able to sustain this dividend level.
VSH's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-175.51%
EPS Next 2Y81.72%
EPS Next 3YN/A
18.63
-0.45 (-2.36%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners113.84%
Inst Owner Change-7.86%
Ins Owners0.4%
Ins Owner Change-0.48%
Market Cap2.53B
Analysts75
Price Target18.36 (-1.45%)
Short Float %10.54%
Short Ratio5.89
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.1% |
Yearly Dividend0.39
Dividend Growth(5Y)1%
DP-175.51%
Div Incr Years0
Div Non Decr Years10
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-72.37%
Min EPS beat(2)-100%
Max EPS beat(2)-44.74%
EPS beat(4)2
Avg EPS beat(4)-33.71%
Min EPS beat(4)-100%
Max EPS beat(4)8.59%
EPS beat(8)6
Avg EPS beat(8)-10.17%
EPS beat(12)9
Avg EPS beat(12)-3.46%
EPS beat(16)11
Avg EPS beat(16)-2.57%
Revenue beat(2)0
Avg Revenue beat(2)-2.35%
Min Revenue beat(2)-2.77%
Max Revenue beat(2)-1.92%
Revenue beat(4)1
Avg Revenue beat(4)-1.76%
Min Revenue beat(4)-2.77%
Max Revenue beat(4)0.4%
Revenue beat(8)3
Avg Revenue beat(8)-1.02%
Revenue beat(12)6
Avg Revenue beat(12)-0.85%
Revenue beat(16)8
Avg Revenue beat(16)-0.81%
PT rev (1m)-11.48%
PT rev (3m)-18.18%
EPS NQ rev (1m)-111.11%
EPS NQ rev (3m)-106.48%
EPS NY rev (1m)-49.8%
EPS NY rev (3m)-53.33%
Revenue NQ rev (1m)-2.75%
Revenue NQ rev (3m)-12.23%
Revenue NY rev (1m)-0.19%
Revenue NY rev (3m)-0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.64 | ||
| Fwd PE | 30.12 | ||
| P/S | 0.86 | ||
| P/FCF | N/A | ||
| P/OCF | 14.57 | ||
| P/B | 1.25 | ||
| P/tB | 1.44 | ||
| EV/EBITDA | 8.89 |
EPS(TTM)0.47
EY2.52%
EPS(NY)0.62
Fwd EY3.32%
FCF(TTM)-1.08
FCFYN/A
OCF(TTM)1.28
OCFY6.86%
SpS21.63
BVpS14.94
TBVpS12.98
PEG (NY)1.25
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.76% | ||
| ROE | -1.54% | ||
| ROCE | 3.31% | ||
| ROIC | 2.31% | ||
| ROICexc | 2.81% | ||
| ROICexgc | 3.1% | ||
| OM | 3.84% | ||
| PM (TTM) | N/A | ||
| GM | 21.32% | ||
| FCFM | N/A |
ROA(3y)5.99%
ROA(5y)6.06%
ROE(3y)11.39%
ROE(5y)11.81%
ROIC(3y)8.55%
ROIC(5y)8.57%
ROICexc(3y)11.88%
ROICexc(5y)12.15%
ROICexgc(3y)13.45%
ROICexgc(5y)13.79%
ROCE(3y)12.28%
ROCE(5y)12.3%
ROICexcg growth 3Y-45.54%
ROICexcg growth 5Y-24.42%
ROICexc growth 3Y-45.02%
ROICexc growth 5Y-24.04%
OM growth 3Y-35.7%
OM growth 5Y-18.6%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-8.02%
GM growth 5Y-3.25%
F-Score3
Asset Turnover0.71
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.8 | ||
| Cap/Depr | 151.95% | ||
| Cap/Sales | 10.9% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 53.72% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.7 | ||
| Quick Ratio | 1.73 | ||
| Altman-Z | 2.23 |
F-Score3
WACC8%
ROIC/WACC0.29
Cap/Depr(3y)176.33%
Cap/Depr(5y)146.82%
Cap/Sales(3y)9.96%
Cap/Sales(5y)8.31%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-80.74%
EPS 3Y-41.27%
EPS 5Y-17.9%
EPS Q2Q%-100%
EPS Next Y31.62%
EPS Next 2Y81.72%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-13.65%
Revenue growth 3Y-3.22%
Revenue growth 5Y1.94%
Sales Q2Q%-8.98%
Revenue Next Year4.4%
Revenue Next 2Y9.06%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-76.81%
EBIT growth 3Y-37.77%
EBIT growth 5Y-17.02%
EBIT Next Year232.01%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-503.32%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-52.5%
OCF growth 3Y-27.57%
OCF growth 5Y-10.14%