Valuation Update With 7 Day Price Move • 10h
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €194, the stock trades at a forward P/E ratio of 64x. Average forward P/E is 22x in the Electrical industry in Germany. Total returns to shareholders of 263% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €176 per share. Buy Or Sell Opportunity • Jul 15
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 46% to €240. The fair value is estimated to be €195, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 50%. Revenue is forecast to grow by 130% in 2 years. Earnings are forecast to grow by 118% in the next 2 years. Annuncio • Jul 09
Vicor Corporation to Report Q2, 2026 Results on Jul 21, 2026 Vicor Corporation announced that they will report Q2, 2026 results on Jul 21, 2026 Recent Insider Transactions • Jul 01
Founder recently sold €11m worth of stock On the 26th of June, Patrizio Vinciarelli sold around 40k shares on-market at roughly €287 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Patrizio has been a net seller over the last 12 months, reducing personal holdings by €12m. Recent Insider Transactions • Jun 09
Insider recently sold €612k worth of stock On the 5th of June, Sean Crilly sold around 3k shares on-market at roughly €245 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.4m. Insiders have been net sellers, collectively disposing of €12m more than they bought in the last 12 months. Annuncio • May 27
Vicor Corporation Raises Earnings Guidance for the Second Quarter of 2026 Vicor Corporation raised earnings guidance for the Second quarter of 2026. For the quarter, company revised revenue guidance from $126 million to $142 million. Vicor raised its Second Quarter revenue guidance in view of rising product revenues and royalties from an additional licensee to its patented power system technology. Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 5 highly experienced directors. 5 independent directors (6 non-independent directors). Independent Director Zmira Shternfeld-Lavie was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annuncio • May 04
Vicor Corporation, Annual General Meeting, Jun 19, 2026 Vicor Corporation, Annual General Meeting, Jun 19, 2026. Location: offices of goodwin procter llp, 100 northern avenue, boston, massachusetts 02210, boston United States Annuncio • Apr 08
Vicor Corporation to Report Q1, 2026 Results on Apr 21, 2026 Vicor Corporation announced that they will report Q1, 2026 results at 7:00 AM, Eastern Standard Time on Apr 21, 2026 Annuncio • Feb 06
Vicor Corporation to Report Q4, 2025 Results on Feb 19, 2026 Vicor Corporation announced that they will report Q4, 2025 results After-Market on Feb 19, 2026 Annuncio • Oct 08
Vicor Corporation to Report Q3, 2025 Results on Oct 21, 2025 Vicor Corporation announced that they will report Q3, 2025 results After-Market on Oct 21, 2025 Annuncio • Jul 09
Vicor Corporation to Report Q2, 2025 Results on Jul 22, 2025 Vicor Corporation announced that they will report Q2, 2025 results After-Market on Jul 22, 2025 Annuncio • May 01
Vicor Corporation, Annual General Meeting, Jun 20, 2025 Vicor Corporation, Annual General Meeting, Jun 20, 2025. Location: foley &lardner llp, 111huntington avenue, boston, massachusetts 02199, United States Annuncio • Apr 09
Vicor Corporation to Report Q1, 2025 Results on Apr 29, 2025 Vicor Corporation announced that they will report Q1, 2025 results After-Market on Apr 29, 2025 Annuncio • Feb 07
Vicor Corporation to Report Q4, 2024 Results on Feb 20, 2025 Vicor Corporation announced that they will report Q4, 2024 results After-Market on Feb 20, 2025 Buy Or Sell Opportunity • Nov 06
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to €42.95. The fair value is estimated to be €35.14, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 1,368% in the next 2 years. Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: US$0.26 (vs US$0.37 in 3Q 2023) Third quarter 2024 results: EPS: US$0.26 (down from US$0.37 in 3Q 2023). Revenue: US$93.2m (down 14% from 3Q 2023). Net income: US$11.6m (down 30% from 3Q 2023). Profit margin: 12% (down from 15% in 3Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 32% per year and the company’s share price has also fallen by 32% per year. Annuncio • Oct 09
Vicor Corporation to Report Q3, 2024 Results on Oct 22, 2024 Vicor Corporation announced that they will report Q3, 2024 results After-Market on Oct 22, 2024 New Risk • Aug 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.6% net profit margin). Annuncio • Jul 26
Levi & Korsinsky, LLP Files Complaint to Recover Losses Suffered by Purchasers of Vicor Corporation Securities and Sets A Lead Plaintiff Deadline of September 23, 2024 The following statement is being issued by Levi & Korsinsky, LLP: All persons or entities who purchased or otherwise acquired securities of Vicor Corporation between April 26, 2023 to February 22, 2024, both dates inclusive. Investors are hereby notified that the class action lawsuit Nathalie Valiquette v. Vicor Corporation, et al. (Case No. 1:24-cv-11935) has been commenced in the United States District Court for the District of Massachusetts. During the class period, Defendants created the false and/or materially misleading impression that Vicor had secured a significant deal for its H100 product that, according to analysts, was Nvidia Corporation. These statements proved incorrect when first, on October 24, 2023, Vicor conspicuously failed to discuss the deal and then later, on February 22, 2024, when the Company announcing its end of year earnings and flagged a sharp reversal in new contracts and sales. From an intra-class period high of nearly $100/share, Vicor’s stock price has fallen approximately 60%. If investors suffered a loss in Vicor securities, have until September 23, 2024 to request that the Court appoint as lead plaintiff. Reported Earnings • Jul 24
Second quarter 2024 earnings released: US$0.027 loss per share (vs US$0.39 profit in 2Q 2023) Second quarter 2024 results: US$0.027 loss per share (down from US$0.39 profit in 2Q 2023). Revenue: US$85.9m (down 20% from 2Q 2023). Net loss: US$1.20m (down 107% from profit in 2Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 28% per year. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €36.16, the stock trades at a forward P/E ratio of 82x. Average forward P/E is 20x in the Electrical industry in Germany. Total loss to shareholders of 61% over the past three years. Annuncio • Jul 12
Vicor Corporation to Report Q2, 2024 Results on Jul 23, 2024 Vicor Corporation announced that they will report Q2, 2024 results After-Market on Jul 23, 2024 Annuncio • May 01
Vicor Corporation, Annual General Meeting, Jun 21, 2024 Vicor Corporation, Annual General Meeting, Jun 21, 2024, at 09:00 US Eastern Standard Time. Location: the offices of Foley & Lardner LLP, 111 Huntington Avenue Boston Massachusetts United States Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: US$0.058 (vs US$0.26 in 1Q 2023) First quarter 2024 results: EPS: US$0.058 (down from US$0.26 in 1Q 2023). Revenue: US$83.9m (down 14% from 1Q 2023). Net income: US$2.60m (down 77% from 1Q 2023). Profit margin: 3.1% (down from 12% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Annuncio • Apr 10
Vicor Corporation to Report Q1, 2024 Results on Apr 23, 2024 Vicor Corporation announced that they will report Q1, 2024 results After-Market on Apr 23, 2024 Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €35.00, the stock trades at a forward P/E ratio of 115x. Average forward P/E is 11x in the Electrical industry in Germany. Total loss to shareholders of 55% over the past three years. New Risk • Feb 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.4% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: US$1.21 (vs US$0.58 in FY 2022) Full year 2023 results: EPS: US$1.21 (up from US$0.58 in FY 2022). Revenue: US$405.1m (up 1.5% from FY 2022). Net income: US$53.6m (up 111% from FY 2022). Profit margin: 13% (up from 6.4% in FY 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Annuncio • Feb 09
Vicor Corporation to Report Q4, 2023 Results on Feb 22, 2024 Vicor Corporation announced that they will report Q4, 2023 results After-Market on Feb 22, 2024 Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €35.00, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 15x in the Electrical industry in Europe. Total loss to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €41.16 per share. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €38.40, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 13x in the Electrical industry in Europe. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €35.38 per share. Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: US$0.37 (vs US$0.041 in 3Q 2022) Third quarter 2023 results: EPS: US$0.37 (up from US$0.041 in 3Q 2022). Revenue: US$107.8m (up 4.6% from 3Q 2022). Net income: US$16.6m (up US$14.8m from 3Q 2022). Profit margin: 15% (up from 1.7% in 3Q 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annuncio • Oct 11
Vicor Corporation to Report Q3, 2023 Results on Oct 24, 2023 Vicor Corporation announced that they will report Q3, 2023 results After-Market on Oct 24, 2023 Buying Opportunity • Sep 14
Now 22% undervalued Over the last 90 days, the stock is up 9.8%. The fair value is estimated to be €72.15, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 31% in 2 years. Earnings is forecast to grow by 140% in the next 2 years. Recent Insider Transactions • Aug 01
Corporate VP & Director recently sold €472k worth of stock On the 28th of July, Claudio Tuozzolo sold around 5k shares on-market at roughly €87.25 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €524k more than they bought in the last 12 months. New Risk • Jul 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 26
Second quarter 2023 earnings released: EPS: US$0.39 (vs US$0.24 in 2Q 2022) Second quarter 2023 results: EPS: US$0.39 (up from US$0.24 in 2Q 2022). Revenue: US$106.7m (up 4.5% from 2Q 2022). Net income: US$17.1m (up 61% from 2Q 2022). Profit margin: 16% (up from 10% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Annuncio • Jul 12
Vicor Corporation to Report Q2, 2023 Results on Jul 25, 2023 Vicor Corporation announced that they will report Q2, 2023 results After-Market on Jul 25, 2023 Buying Opportunity • Jun 06
Now 22% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be €65.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 25% in 2 years. Earnings is forecast to grow by 155% in the next 2 years. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €56.00, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 17x in the Electrical industry in Europe. Total loss to shareholders of 2.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €72.61 per share. Buying Opportunity • May 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 40%. The fair value is estimated to be €48.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 25% in 2 years. Earnings is forecast to grow by 155% in the next 2 years. Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: US$0.26 (vs US$0.11 in 1Q 2022) First quarter 2023 results: EPS: US$0.26 (up from US$0.11 in 1Q 2022). Revenue: US$97.8m (up 11% from 1Q 2022). Net income: US$11.2m (up 125% from 1Q 2022). Profit margin: 12% (up from 5.7% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Buying Opportunity • Apr 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be €53.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings is also forecast to grow by 52% per annum over the same time period. Buying Opportunity • Mar 08
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be €52.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings is also forecast to grow by 52% per annum over the same time period. Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$0.58 (vs US$1.30 in FY 2021) Full year 2022 results: EPS: US$0.58 (down from US$1.30 in FY 2021). Revenue: US$399.1m (up 11% from FY 2021). Net income: US$25.4m (down 55% from FY 2021). Profit margin: 6.4% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Annuncio • Feb 10
Vicor Corporation to Report Q4, 2022 Results on Feb 23, 2023 Vicor Corporation announced that they will report Q4, 2022 results After-Market on Feb 23, 2023 Annuncio • Feb 01
Vicor Corporation Explores CCell Renewables Efforts to Fight Global Coastal Erosion Vicor Corporation announced that it explores a new technology that naturally deters coastal erosion on the Powering Innovation podcast. The latest episode examines the challenges facing coastal environments and communities when it comes to the devastating erosion caused by waves and how CCell Renewables, this month’s guest, can combat this by propagating coral reefs. CCell Renewables has a mission to reduce the impact of erosion by working with nature to restore a sustainable balance to coastal environments and bring lasting protection to communities around the world. Vicor’s Powering Innovation podcast is available with new episodes released monthly. Listeners can expect to learn about new ideas in electrification, power challenges, creative power architectures, as well as supply chain issues, real-life challenges and more. The Powering Innovation podcast is available to download from all major podcast providers, including Spotify, Apple Music, Google Podcasts, and more. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Zmira Lavie was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: US$0.18 (vs US$0.30 in 3Q 2021) Third quarter 2022 results: EPS: US$0.18 (down from US$0.30 in 3Q 2021). Revenue: US$103.1m (up 21% from 3Q 2021). Net income: US$8.09m (down 39% from 3Q 2021). Profit margin: 7.8% (down from 16% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electrical industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €52.00, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 21x in the Electrical industry in Germany. Total returns to shareholders of 83% over the past three years. Annuncio • Oct 12
Vicor Corporation to Report Q3, 2022 Results on Oct 25, 2022 Vicor Corporation announced that they will report Q3, 2022 results After-Market on Oct 25, 2022 Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €64.00, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 28x in the Electrical industry in Germany. Total returns to shareholders of 129% over the past three years. Recent Insider Transactions • Jul 28
Independent Director recently sold €318k worth of stock On the 25th of July, Estia Eichten sold around 5k shares on-market at roughly €63.65 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €23m more than they bought in the last 12 months. Reported Earnings • Jul 23
Second quarter 2022 earnings released: EPS: US$0.24 (vs US$0.45 in 2Q 2021) Second quarter 2022 results: EPS: US$0.24 (down from US$0.45 in 2Q 2021). Revenue: US$102.2m (up 7.1% from 2Q 2021). Net income: US$10.6m (down 45% from 2Q 2021). Profit margin: 10% (down from 20% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 29%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 09
Vicor Corporation to Report Q2, 2022 Results on Jul 21, 2022 Vicor Corporation announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Jul 21, 2022 Annuncio • Jun 25
Vicor Corporation Announces Election of Directors Vicor Corporation at its 2022 Annual Meeting of Stockholders held on June 24, 2022, approved the election of Zmira Lavie, John Shen as directors. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €53.00, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 24x in the Electrical industry in Germany. Total returns to shareholders of 101% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 15% share price gain to €64.00, the stock trades at a forward P/E ratio of 65x. Average forward P/E is 26x in the Electrical industry in Germany. Total returns to shareholders of 135% over the past three years. Annuncio • May 02
Vicor Corporation, Annual General Meeting, Jun 24, 2022 Vicor Corporation, Annual General Meeting, Jun 24, 2022, at 09:00 US Eastern Standard Time. Agenda: To consider To fix the number of Directors at twelve and to elect the twelve nominees named in the attached proxy statement as Directors to hold office until the 2023 Annual Meeting of Stockholders and until their respective successors are duly elected and qualified; and to consider consider and act upon any other matters that may be properly brought before the Annual Meeting and at any adjournments or postponements thereof. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 6 non-independent directors. Non-Independent Director Andrew D’Amico was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Apr 23
First quarter 2022 earnings released: EPS: US$0.11 (vs US$0.35 in 1Q 2021) First quarter 2022 results: EPS: US$0.11 (down from US$0.35 in 1Q 2021). Revenue: US$88.3m (flat on 1Q 2021). Net income: US$5.00m (down 67% from 1Q 2021). Profit margin: 5.7% (down from 17% in 1Q 2021). Over the next year, revenue is forecast to grow 20%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Annuncio • Apr 08
Vicor Corporation to Report Q1, 2022 Results on Apr 21, 2022 Vicor Corporation announced that they will report Q1, 2022 results After-Market on Apr 21, 2022 Annuncio • Mar 30
Vicor Demonstrates Highest Power Density Automotive Solutions for xEVs At World Congress Experience 2022 in Detroit Vicor will unveil three new approaches for powering xEVs at the premiere global automotive engineering event, World Congress Experience, in Detroit on April 5-7, 2022. Proven Vicor solutions using high-density power modules and new power delivery architectures reduce power losses up to 50%. Addressing three top electrification topics, Vicor presentations offer innovative modular solutions that simplify power system-design and increase scalability and flexibility. Vicor high-density solutions: Eliminating the 12V Lead Acid Battery: An inventive power architecture that replaces the 12V battery with a “virtual battery,” saving space and weight, and eliminating legacy technology: Presenter, Patrick Kowalyk, Automotive Principal Field Applications Engineer (April 5, @10:30am, Room 140B, session PFL710). The Impact of Miniaturized Power Modules on Electrification: Power-dense modules combined with innovative power architectures deliver unprecedented design flexibility, scalability and space savings for xEV development: Presenter, Greg Green, Director, Automotive Customer Programs (April 6, @10:30am, Room 140C, session PFL740). DC Charging Station Compatibility: Higher-voltage primary batteries (800V) create a 400V charging station incompatibility that can be solved with onboard charging using compact, efficient and bidirectional power modules: Presenter, Haris Muhedinovic, Automotive Senior Field Applications Engineer (April 7, @9:30am, Room 260, session AE600). Vicor’s high-performance, high-density power modules uniquely solve automotive electrification challenges: As the automotive industry aggressively moves toward fully electric vehicles, power system design engineers are grappling with how to design significantly higher power delivery networks. EVs require up to 20x more electrical power than a traditional internal combustion engine vehicle which requires a proportional size and weight increase for the power electronics. Vicor power modules help engineers create high-density power delivery networks for EV, PHEV, HEV and BEVs that are lightweight, efficient and offer an easily scalable platform. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €64.50, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 27x in the Electrical industry in Germany. Total returns to shareholders of 135% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €123 per share. Reported Earnings • Feb 26
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$1.30 (up from US$0.42 in FY 2020). Revenue: US$359.4m (up 21% from FY 2020). Net income: US$56.6m (up 216% from FY 2020). Profit margin: 16% (up from 6.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 21%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Feb 11
Vicor Corporation to Report Q4, 2021 Results on Feb 24, 2022 Vicor Corporation announced that they will report Q4, 2021 results After-Market on Feb 24, 2022 Annuncio • Jan 29
Vicor Corporation Announces Management Changes On January 24, 2022, Vicor Corporation appointed Quentin A. Fendelet to succeed Richard J. Nagel, Jr. as the Company's Corporate Vice President and Chief Accounting Officer. Mr. Fendelet will join the Company as an employee on February 7, 2022 and will succeed to the offices of Corporate Vice President and Chief Accounting Officer, effective on or about March 11, 2022, upon Mr. Nagel's previously-announced retirement. Mr. Fendelet served as a Senior Financial Consultant with Fenway Consulting Group and CBIZ PrivateEquity Advisory, transaction and transformation solutions partners for middle-market private equity firms, fromOctober 2020 to February 2022. Prior to his Senior Financial Consulting roles, Mr. Fendelet served as VicePresident Controller of Wheelabrator Technologies Inc. Buying Opportunity • Jan 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be US$126, however is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.9% per annum over the last 3 years. Earnings per share has grown by 16% per annum over the last 3 years. Recent Insider Transactions • Oct 29
Founder recently sold €122k worth of stock On the 26th of October, Patrizio Vinciarelli sold around 929 shares on-market at roughly €132 per share. In the last 3 months, there was an even bigger sale from another insider worth €578k. Patrizio has been a seller over the last 12 months, reducing personal holdings by €424k. Reported Earnings • Oct 22
Third quarter 2021 earnings released: EPS US$0.30 (vs US$0.13 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$84.9m (up 8.7% from 3Q 2020). Net income: US$13.3m (up 129% from 3Q 2020). Profit margin: 16% (up from 7.4% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Sep 14
Corporate VP & Director recently sold €119k worth of stock On the 9th of September, Claudio Tuozzolo sold around 1k shares on-market at roughly €107 per share. In the last 3 months, they made an even bigger sale worth €586k. Insiders have been net sellers, collectively disposing of €3.1m more than they bought in the last 12 months. Recent Insider Transactions • Sep 01
Insider recently sold €119k worth of stock On the 27th of August, Alex Gusinov sold around 1k shares on-market at roughly €105 per share. In the last 3 months, there was an even bigger sale from another insider worth €586k. Insiders have been net sellers, collectively disposing of €7.2m more than they bought in the last 12 months. Recent Insider Transactions • Aug 13
Independent Director recently sold €578k worth of stock On the 10th of August, Samuel Anderson sold around 6k shares on-market at roughly €102 per share. In the last 3 months, there was an even bigger sale from another insider worth €586k. Insiders have been net sellers, collectively disposing of €7.1m more than they bought in the last 12 months. Recent Insider Transactions • Jul 28
Corporate VP & Director recently sold €586k worth of stock On the 26th of July, Claudio Tuozzolo sold around 6k shares on-market at roughly €94.89 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €6.3m more than they bought in the last 12 months. Reported Earnings • Jul 27
Second quarter 2021 earnings released: EPS US$0.45 (vs US$0.064 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$95.4m (up 35% from 2Q 2020). Net income: US$19.4m (up US$16.7m from 2Q 2020). Profit margin: 20% (up from 3.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jul 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 independent directors. 6 non-independent directors. Non-Independent Director Andrew D’Amico was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annuncio • Jul 25
Vicor Corporation Provides Earnings Guidance for the Third Quarter of 2021 Vicor Corporation provides earnings guidance for the third quarter of 2021, For the third quarter, The company expects increased revenue growth in Advanced Products, offset by an anticipated decline in Brick Products revenue. The expect incremental revenue to drive earnings per share given the scalability of operating model. Reported Earnings • Jul 23
Second quarter 2021 earnings released: EPS US$0.45 (vs US$0.064 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$95.4m (up 35% from 2Q 2020). Net income: US$19.4m (up US$16.7m from 2Q 2020). Profit margin: 20% (up from 3.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • Jun 28
Vicor Corporation(NasdaqGS:VICR) dropped from Russell 2000 Dynamic Index Vicor Corporation(NasdaqGS:VICR) dropped from Russell 2000 Dynamic Index Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS US$0.35 (vs US$0.043 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$88.8m (up 40% from 1Q 2020). Net income: US$15.1m (up US$16.8m from 1Q 2020). Profit margin: 17% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Recent Insider Transactions • Mar 17
Corporate VP recently sold €54k worth of stock On the 11th of March, Michael McNamara sold around 658 shares on-market at roughly €82.42 per share. In the last 3 months, there was an even bigger sale from another insider worth €302k. This was Michael's only on-market trade for the last 12 months. Recent Insider Transactions • Mar 04
Founder recently sold €302k worth of stock On the 1st of March, Patrizio Vinciarelli sold around 4k shares on-market at roughly €84.71 per share. This was the largest sale by an insider in the last 3 months. This was Patrizio's only on-market trade for the last 12 months. Reported Earnings • Feb 27
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$296.6m (up 13% from FY 2019). Net income: US$17.9m (up 27% from FY 2019). Profit margin: 6.0% (up from 5.4% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue beats expectations Revenue exceeded analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 28%, compared to a 15% growth forecast for the Electrical industry in Germany.