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Littelfuse

DB:LFS
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LFS
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$5B
Market Cap
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Last updated 2019/04/18 21:43
Company description

Littelfuse, Inc. designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The last earnings update was 55 days ago. More info.

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LFS Share Price and Events
7 Day Returns
2.7%
DB:LFS
3.4%
DE Electronic
2.5%
DE Market
1 Year Returns
3.2%
DB:LFS
-1.9%
DE Electronic
-6.7%
DE Market
LFS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Littelfuse (LFS) 2.7% 2% 6.1% 3.2% 65.1% 147.4%
DE Electronic 3.4% 4.8% 23% -1.9% 95% 89.5%
DE Market 2.5% 3.3% 9.2% -6.7% 9% 13.5%
1 Year Return vs Industry and Market
  • LFS outperformed the Electronic industry which returned -1.9% over the past year.
  • LFS outperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
LFS
Industry
5yr Volatility vs Market

Value

 Is Littelfuse undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Littelfuse to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Littelfuse.

DB:LFS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:LFS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 21%) (14.13%)) 		1.125
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)		 1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.125 * 5.96%) 		6.93%

Discounted Cash Flow Calculation for DB:LFS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Littelfuse is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:LFS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.93%)
2019 251.70 Analyst x4 235.38
2020 273.75 Analyst x3 239.41
2021 282.14 Est @ 3.07% 230.76
2022 288.39 Est @ 2.21% 220.58
2023 293.05 Est @ 1.62% 209.62
2024 296.57 Est @ 1.2% 198.39
2025 299.27 Est @ 0.91% 187.21
2026 301.38 Est @ 0.7% 176.31
2027 303.07 Est @ 0.56% 165.81
2028 304.47 Est @ 0.46% 155.78
Present value of next 10 years cash flows $2,019.25
DB:LFS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $304.47 × (1 + 0.23%) ÷ (6.93% – 0.23%) 		$4,552.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,552.66 ÷ (1 + 6.93%)10 		$2,329.31
DB:LFS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,019.25 + $2,329.31 		$4,348.56
Equity Value per Share
(USD)		 = Total value / Shares Outstanding
= $4,348.56 / 24.71 		$175.98
DB:LFS Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:LFS represents 0.87016x of NasdaqGS:LFUS
(This could be a different class, a depositary receipt, a different currency, or all of these things.) 		0.87016x
Value per Share
(Listing Adjusted, EUR)		 = Value per Share (USD) x Listing Adjustment Factor
= $ 175.98 x 0.87016 		€153.13
Value per share (EUR) From above. €153.13
Current discount Discount to share price of €173.44
= -1 x (€173.44 - €153.13) / €153.13 		-13.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Littelfuse is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Littelfuse's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Littelfuse's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:LFS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-29) in USD $6.62
NasdaqGS:LFUS Share Price ** NasdaqGS (2019-04-18) in USD $199.32
Germany Electronic Industry PE Ratio Median Figure of 14 Publicly-Listed Electronic Companies 21.3x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 19.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Littelfuse.

DB:LFS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:LFUS Share Price ÷ EPS (both in USD)

= 199.32 ÷ 6.62

 30.12x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Littelfuse is overvalued based on earnings compared to the DE Electronic industry average.
  • Littelfuse is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Littelfuse's expected growth come at a high price?
Raw Data
DB:LFS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 30.12x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts		 20.8%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.1x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:LFS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 30.12x ÷ 20.8%

 1.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Littelfuse is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Littelfuse's assets?
Raw Data
DB:LFS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-29) in USD $59.67
NasdaqGS:LFUS Share Price * NasdaqGS (2019-04-18) in USD $199.32
Germany Electronic Industry PB Ratio Median Figure of 20 Publicly-Listed Electronic Companies 2.49x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
DB:LFS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:LFUS Share Price ÷ Book Value per Share (both in USD)

= 199.32 ÷ 59.67

 3.34x

* Primary Listing of Littelfuse.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Littelfuse is overvalued based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Littelfuse's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
    5. Littelfuse has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Littelfuse expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Littelfuse expected to grow at an attractive rate?
  • Littelfuse's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Littelfuse's earnings growth is expected to exceed the Germany market average.
  • Littelfuse's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:LFS Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:LFS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 20.8%
DB:LFS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 2.7%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:LFS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:LFS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 1,812 373 256 8
2019-12-31 1,722 374 225 8
2018-12-31 1,730 322 176 8
DB:LFS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-29 1,718 332 165
2018-09-29 1,621 340 121
2018-06-30 1,500 317 110
2018-03-31 1,354 315 117
2017-12-30 1,222 269 120
2017-09-30 1,201 261 158
2017-07-01 1,164 238 146
2017-04-01 1,122 194 124
2016-12-31 1,056 180 104
2016-10-01 992 152 98
2016-07-02 927 139 79
2016-04-02 877 152 80
2016-01-02 868 166 81

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Littelfuse's earnings are expected to grow significantly at over 20% yearly.
  • Littelfuse's revenue is expected to grow by 2.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:LFS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Littelfuse Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LFS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 10.20 11.08 8.88 6.00
2019-12-31 8.97 9.70 7.79 6.00
2018-12-31 7.06 7.27 6.44 5.00
DB:LFS Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-29 6.62
2018-09-29 4.98
2018-06-30 4.67
2018-03-31 5.05
2017-12-30 5.27
2017-09-30 6.95
2017-07-01 6.41
2017-04-01 5.48
2016-12-31 4.63
2016-10-01 4.36
2016-07-02 3.50
2016-04-02 3.56
2016-01-02 3.58

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Littelfuse is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Show me more growth companies in the Electronic industry
X
Future performance checks
We assess Littelfuse's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Littelfuse has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Littelfuse performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Littelfuse's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Littelfuse's year on year earnings growth rate has been positive over the past 5 years.
  • Littelfuse's 1-year earnings growth exceeds its 5-year average (37.2% vs 9.3%)
  • Littelfuse's earnings growth has exceeded the DE Electronic industry average in the past year (37.2% vs 18.1%).
Earnings and Revenue History
Littelfuse's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Littelfuse Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:LFS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-29 1,718.47 164.57 288.53 87.30
2018-09-29 1,621.04 121.08 268.08 79.36
2018-06-30 1,499.73 110.34 254.99 70.90
2018-03-31 1,353.91 116.66 218.55 59.28
2017-12-30 1,221.53 119.52 204.68 50.49
2017-09-30 1,201.20 157.58 192.59 48.19
2017-07-01 1,163.65 145.58 192.45 46.60
2017-04-01 1,122.20 124.09 196.87 46.08
2016-12-31 1,056.16 104.49 204.50 42.20
2016-10-01 991.66 98.11 181.47 39.46
2016-07-02 926.84 78.63 161.88 36.54
2016-04-02 876.95 80.16 142.86 31.68
2016-01-02 867.86 80.87 143.54 30.80
2015-09-26 854.46 79.51 146.65 30.31
2015-06-27 856.56 98.13 146.29 30.28
2015-03-28 855.45 94.02 145.85 30.73
2014-12-27 852.00 98.10 143.78 30.92
2014-09-27 843.50 103.55 142.01 29.52
2014-06-28 826.94 100.60 139.80 28.29
2014-03-29 793.79 102.65 135.93 26.27
2013-12-28 757.85 88.73 130.96 24.42
2013-09-28 718.52 77.11 130.62 23.40
2013-06-29 690.17 72.87 126.78 22.69
2013-03-30 678.25 69.16 123.52 21.79
2012-12-29 667.91 75.20 122.73 21.23
2012-09-29 656.31 78.38 116.77 20.24
2012-06-30 657.61 80.47 118.18 20.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Littelfuse has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Littelfuse used its assets less efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Littelfuse's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Littelfuse's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Littelfuse has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Littelfuse's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Littelfuse's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Littelfuse is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Littelfuse's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Littelfuse's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Littelfuse Company Filings, last reported 3 months ago.

DB:LFS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-29 1,478.34 694.73 489.77
2018-09-29 1,519.40 700.71 498.25
2018-06-30 1,470.02 697.60 408.18
2018-03-31 1,441.97 753.55 412.50
2017-12-30 927.56 495.61 429.71
2017-09-30 933.24 501.65 372.86
2017-07-01 895.43 481.69 321.93
2017-04-01 855.76 470.52 278.01
2016-12-31 814.93 454.14 278.81
2016-10-01 803.38 440.46 198.46
2016-07-02 774.86 367.98 183.38
2016-04-02 773.31 377.36 277.22
2016-01-02 739.25 170.75 332.97
2015-09-26 733.74 209.02 340.60
2015-06-27 767.29 179.24 315.87
2015-03-28 735.26 189.97 297.50
2014-12-27 727.67 195.16 301.87
2014-09-27 737.90 276.50 378.31
2014-06-28 727.49 295.25 353.26
2014-03-29 706.37 285.50 326.75
2013-12-28 686.92 219.75 312.08
2013-09-28 660.41 228.50 301.74
2013-06-29 622.69 233.00 266.19
2013-03-30 597.37 94.00 255.24
2012-12-29 587.56 84.00 235.40
2012-09-29 580.53 88.53 207.40
2012-06-30 546.67 85.24 174.29
  • Littelfuse's level of debt (47%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (32.2% vs 47% today).
  • Debt is well covered by operating cash flow (47.8%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.6x coverage).
Show me more healthy companies in the Electronic industry
X
Financial health checks
We assess Littelfuse's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
    7. Littelfuse has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Littelfuse's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.86%
Current annual income from Littelfuse dividends. Estimated to be 1.06% next year.
If you bought €2,000 of Littelfuse shares you are expected to receive €17 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Littelfuse's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Littelfuse's dividend is below the markets top 25% of dividend payers in Germany (3.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:LFS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Germany Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:LFS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 2.46 3.00
2019-12-31 1.75 3.00
2018-12-31 1.60 3.00
DB:LFS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-07 1.720 0.942
2018-08-01 1.720 0.857
2018-01-31 1.480 0.690
2017-11-01 1.480 0.736
2017-08-02 1.480 0.776
2017-05-03 1.320 0.786
2016-10-21 1.320 0.861
2016-07-21 1.320 1.061
2016-04-22 1.160 1.002
2016-03-01 1.160 0.969
2016-02-02 1.160 1.039
2015-10-30 1.160 1.107
2015-10-28 1.160 1.158
2015-04-29 1.000 1.069
2014-10-29 1.000 1.027
2014-07-30 1.000 1.130
2014-04-29 0.880 0.974
2014-02-07 0.880 0.938
2013-10-30 0.880 0.995
2013-07-31 0.880 1.125
2013-04-30 0.800 1.060
2012-11-01 0.800 1.285
2012-08-01 0.800 1.466
2012-05-03 0.720 1.265
2012-02-07 0.720 1.247
2011-11-03 0.720 1.545
2011-08-04 0.720 1.642
2011-05-05 0.600 1.056
2011-02-10 0.600 1.082
2010-11-04 0.600 1.247

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Littelfuse has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Littelfuse only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Littelfuse's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.8x coverage).
X
Income/ dividend checks
We assess Littelfuse's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Littelfuse afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
    7. Littelfuse has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Littelfuse's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dave Heinzmann
COMPENSATION $4,876,690
AGE 55
TENURE AS CEO 2.3 years
CEO Bio

Mr. David W. Heinzmann, also known as Dave, has been Chief Executive Officer and President of Littelfuse, Inc. since January 1, 2017. Mr. Heinzmann served as Chief Operating Officer of Littelfuse, Inc. from January 10, 2014 to January 1, 2017. He served as Vice President of Global Operations at Shocking Technologies, Inc., since October 2007. He serves as a Director of Midwest Board at TechAmerica. Mr. Heinzmann served as Vice President of Global Operations at Littelfuse Inc. from August 20, 2007 to January 10, 2014. He was responsible for Littelfuse's manufacturing and supply chain groups for all three of its business units. He served as a Vice President of Automotive Unit at Littelfuse Inc. from April 30, 2004 to August 20, 2007 and its General Manager of the Automotive Business Unit until August 20, 2007. He was responsible for marketing, sales, product development and manufacturing for all automotive customers and products. He began his career at Littelfuse Inc./de in 1985 and possessed a broad range of experience within Littelfuse Inc./de. He served as a Manufacturing Manager, Quality Manager, Plant Manager and Product Development Manager of Littelfuse Inc./de. Mr. Heinzmann is a Director of Pulse Electronics Corporation since 2014. He has been Director of Littelfuse, Inc. since January 1, 2017. He served as Director of Global Operations of the Electronics Business Unit of Littelfuse Inc. from 2000 to 2003. He served as a Director of Shocking Technologies Inc. He holds a Bachelor of Science Degree in Mechanical Engineering from Missouri University of Science and Technology.

CEO Compensation
  • Dave's compensation has been consistent with company performance over the past year.
  • Dave's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Littelfuse management team in years:

2.7
Average Tenure
51
Average Age
  • The tenure for the Littelfuse management team is about average.
Management Team

Dave Heinzmann

TITLE
President
COMPENSATION
$5M
AGE
55
TENURE
2.3 yrs

Meenal Sethna

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
48
TENURE
3.1 yrs

Ryan Stafford

TITLE
Executive VP
COMPENSATION
$2M
AGE
51
TENURE
5.3 yrs

Deepak Nayar

TITLE
Senior VP & GM of Electronics & Industrial Business
COMPENSATION
$1M
AGE
59
TENURE
8.3 yrs

Mike Rutz

TITLE
Senior VP & GM of Semiconductor Products
COMPENSATION
$1M
AGE
47
TENURE
0.2 yrs

Jeff Gorski

TITLE
VP, Corporate Controller & Chief Accounting Officer
AGE
43
TENURE
1.7 yrs

Ian Highley

TITLE
Senior VP
AGE
54
TENURE
4.3 yrs

Trisha Tuntland

TITLE
Head of Investor Relations
TENURE
0.8 yrs

Matthew Cole

TITLE
Senior Vice President of Business Development & Strategy
AGE
47
TENURE
3.8 yrs

Alexander Conrad

TITLE
Senior VP & GM of Passenger Vehicle Business
AGE
52
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Littelfuse board of directors in years:

6.8
Average Tenure
64
Average Age
  • The tenure for the Littelfuse board of directors is about average.
Board of Directors

Gordon Hunter

TITLE
Chairman of the Board
COMPENSATION
$245K
AGE
66
TENURE
1.3 yrs

Dave Heinzmann

TITLE
President
COMPENSATION
$5M
AGE
55
TENURE
2.3 yrs

John Major

TITLE
Independent Director
COMPENSATION
$205K
AGE
72
TENURE
27.3 yrs

T. J. Chung

TITLE
Independent Director
COMPENSATION
$210K
AGE
55
TENURE
11.8 yrs

Cary Fu

TITLE
Director
COMPENSATION
$215K
AGE
69
TENURE
6.8 yrs

Bill Noglows

TITLE
Lead Independent Director
COMPENSATION
$215K
AGE
60

Tony Grillo

TITLE
Independent Director
COMPENSATION
$195K
AGE
62
TENURE
27.3 yrs

Ron Schubel

TITLE
Independent Director
COMPENSATION
$195K
AGE
74
TENURE
16.8 yrs

Nathan Zommer

TITLE
Director
COMPENSATION
$3M
AGE
70
TENURE
1.3 yrs

Kristina Cerniglia

TITLE
Director
COMPENSATION
$6K
AGE
52
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • Littelfuse insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
27. Feb 19 Sell Nathan Zommer Individual 25. Feb 19 25. Feb 19 -1,300 €171.08 €-222,399
26. Feb 19 Sell Ian Highley Individual 25. Feb 19 25. Feb 19 -1,000 €172.70 €-172,698
07. Feb 19 Sell Matthew Cole Individual 05. Feb 19 05. Feb 19 -170 €160.79 €-27,334
06. Sep 18 Sell Nathan Zommer Individual 04. Sep 18 04. Sep 18 -592 €191.47 €-113,353
30. Aug 18 Sell Jeffrey Gorski Individual 29. Aug 18 29. Aug 18 -351 €194.19 €-68,160
22. Aug 18 Sell Jeffrey Gorski Individual 21. Aug 18 21. Aug 18 -350 €193.41 €-67,695
15. Aug 18 Sell Matthew Cole Individual 08. Aug 18 08. Aug 18 -150 €195.85 €-29,378
10. Aug 18 Sell Anthony Grillo Individual 09. Aug 18 09. Aug 18 -4,000 €195.02 €-780,061
09. Aug 18 Sell Tzau-Jin Chung Individual 08. Aug 18 08. Aug 18 -1,200 €195.98 €-235,178
18. Jun 18 Sell Michael Rutz Individual 15. Jun 18 15. Jun 18 -503 €200.71 €-100,959
12. Jun 18 Sell John Major Individual 11. Jun 18 11. Jun 18 -645 €193.75 €-124,966
08. Jun 18 Sell Ryan Stafford Individual 07. Jun 18 07. Jun 18 -3,243 €188.59 €-611,601
08. May 18 Sell Deepak Nayar Individual 07. May 18 07. May 18 -1,397 €175.35 €-244,966
07. May 18 Sell John Major Individual 07. May 18 07. May 18 -735 €176.60 €-129,802
X
Management checks
We assess Littelfuse's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
    5. Littelfuse has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Littelfuse, Inc. designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The company's Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, silicon carbide, metal-oxide-semiconductor field-effect transistors, and silicon carbide diodes, as well as insulated gate bipolar transistors. This segment markets its products to industrial and automotive electronics, electric vehicle infrastructure, data and telecommunications, medical devices, LED lighting, consumer electronics, and appliances markets. Its Automotive segment provides blade fuses, battery cable protectors, resettable fuses, and high-current and high-voltage fuses for hybrid and electric vehicles; fuses, switches, relays, and power distribution modules for the commercial vehicle industry; and automotive sensor products to monitor the passenger compartment occupants, safety, and environment, as well as the vehicle’s powertrain, emissions, speed, and suspension. This segment serves original equipment manufacturers, Tier-I suppliers, and parts distributors in the passenger car, heavy duty truck, off-road vehicles, material handling, agricultural, construction, and other commercial vehicle industries. The company's Industrial segment offers power fuses, protection relays and controls, and other circuit protection products for use in oil, gas, mining, alternative energy, electric vehicle infrastructure, construction, HVAC systems, elevator, and other industrial equipment applications. Littelfuse, Inc. sells its products through distributors, direct sales force, and manufacturers’ representatives. The company was founded in 1927 and is headquartered in Chicago, Illinois.

Details
Name: Littelfuse, Inc.
LFS
Exchange: DB
Founded: 1927
$4,373,581,373
24,710,223
Website: http://www.littelfuse.com
Address: Littelfuse, Inc.
8755 West Higgins Road,
Suite 500,
Chicago,
Illinois, 60631,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS LFUS Common Stock Nasdaq Global Select US USD 22. Sep 1992
DB LFS Common Stock Deutsche Boerse AG DE EUR 22. Sep 1992
Number of employees
Current staff
Staff numbers
12,300
Littelfuse employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 21:43
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/22
Last earnings reported: 2018/12/29
Last annual earnings reported: 2018/12/29


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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