Executive Summary
Littelfuse, Inc. designs, manufactures, and sells circuit protection, power control, and sensing products worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet with limited growth.
Similar Companies
Share Price & News
How has Littelfuse's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LFS has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-4.1%
LFS
-6.6%
DE Electronic
-5.7%
DE Market
1 Year Return
-4.5%
LFS
-0.6%
DE Electronic
6.1%
DE Market
Return vs Industry: LFS underperformed the German Electronic industry which returned -0.6% over the past year.
Return vs Market: LFS underperformed the German Market which returned 6.1% over the past year.
Shareholder returns
| LFS | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.1% | -6.6% | -5.7% |
| 30 Day | -5.8% | 1.2% | -5.7% |
| 90 Day | -1.2% | -0.2% | -3.6% |
| 1 Year | -3.5%-4.5% | 1.5%-0.6% | 9.3%6.1% |
| 3 Year | 9.6%6.7% | 36.1%31.6% | 8.9%-0.7% |
| 5 Year | 89.3%80.5% | 103.1%88.5% | 13.6%-2.0% |
Price Volatility Vs. Market
How volatile is Littelfuse's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Littelfuse undervalued compared to its fair value and its price relative to the market?
30.21x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: LFS (€162) is trading above our estimate of fair value (€153.55)
Significantly Below Fair Value: LFS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LFS is poor value based on its PE Ratio (30.2x) compared to the Electronic industry average (26x).
PE vs Market: LFS is poor value based on its PE Ratio (30.2x) compared to the German market (20.2x).
Price to Earnings Growth Ratio
PEG Ratio: LFS is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: LFS is overvalued based on its PB Ratio (2.8x) compared to the DE Electronic industry average (1.8x).
Next Steps
Future Growth
How is Littelfuse forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
16.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LFS's forecast earnings growth (16.7% per year) is above the savings rate (-0.4%).
Earnings vs Market: LFS's earnings (16.7% per year) are forecast to grow faster than the German market (13% per year).
High Growth Earnings: LFS's earnings are forecast to grow, but not significantly.
Revenue vs Market: LFS's revenue (4.3% per year) is forecast to grow slower than the German market (5.1% per year).
High Growth Revenue: LFS's revenue (4.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LFS's Return on Equity is forecast to be low in 3 years time (11.9%).
Next Steps
Past Performance
How has Littelfuse performed over the past 5 years?
13.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LFS has high quality earnings.
Growing Profit Margin: LFS's current net profit margins (9.2%) are lower than last year (9.6%).
Past Earnings Growth Analysis
Earnings Trend: LFS's earnings have grown by 13.2% per year over the past 5 years.
Accelerating Growth: LFS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LFS had negative earnings growth (-15.2%) over the past year, making it difficult to compare to the Electronic industry average (-3.9%).
Return on Equity
High ROE: LFS's Return on Equity (9.3%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Littelfuse's financial position?
Financial Position Analysis
Short Term Liabilities: LFS's short term assets ($1.0B) exceed its short term liabilities ($225.6M).
Long Term Liabilities: LFS's short term assets ($1.0B) exceed its long term liabilities ($838.3M).
Debt to Equity History and Analysis
Debt Level: LFS's debt to equity ratio (45.4%) is considered high.
Reducing Debt: LFS's debt to equity ratio has increased from 26.8% to 45.4% over the past 5 years.
Debt Coverage: LFS's debt is well covered by operating cash flow (36.1%).
Interest Coverage: LFS's interest payments on its debt are well covered by EBIT (9.3x coverage).
Balance Sheet
Inventory Level: LFS has a high level of physical assets or inventory.
Debt Coverage by Assets: LFS's debt is covered by short term assets (assets are 1.5x debt).
Next Steps
Dividend
What is Littelfuse's current dividend yield, its reliability and sustainability?
1.12%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: LFS's dividend (1.12%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.43%).
High Dividend: LFS's dividend (1.12%) is low compared to the top 25% of dividend payers in the German market (3.8%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, LFS has been paying a dividend for less than 10 years.
Growing Dividend: LFS's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32.2%), LFS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LFS's dividends in 3 years are forecast to be well covered by earnings (23.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.1yrs
Average management tenure
CEO
Dave Heinzmann (56yo)
3.1yrs
Tenure
US$4,876,690
Compensation
Mr. David W. Heinzmann, also known as Dave, has been Chief Executive Officer and President of Littelfuse, Inc. since January 1, 2017. Mr. Heinzmann served as Chief Operating Officer of Littelfuse, Inc. fro ...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD4.88M) is above average for companies of similar size in the German market ($USD2.52M).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.1yrs | US$4.88m | 0.14% $5.7m | |
| Executive VP & CFO | 3.9yrs | US$2.00m | 0.025% $980.8k | |
| Executive VP | 6.1yrs | US$2.14m | 0.067% $2.6m | |
| Senior VP & GM of Electronics & Industrial Business | 9.1yrs | US$1.34m | 0.00031% $12.2k | |
| Senior VP & GM of Semiconductor Products | 1yrs | US$1.48m | 0.0094% $370.4k | |
| VP, Corporate Controller & Chief Accounting Officer | 2.5yrs | no data | no data | |
| Head of Investor Relations | 1.7yrs | no data | no data | |
| Senior Vice President of Business Development & Strategy | 4.6yrs | no data | 0.0073% $288.7k | |
| Senior VP & GM of Passenger Vehicle Business | 1.6yrs | no data | 0.014% $537.4k |
3.1yrs
Average Tenure
50.5yo
Average Age
Experienced Management: LFS's management team is considered experienced (3.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.1yrs | US$4.88m | 0.14% $5.7m | |
| Lead Independent Director | 0yrs | US$214.91k | 0.097% $3.8m | |
| Independent Director | 7.6yrs | US$214.91k | 0.015% $585.7k | |
| Director | 2.1yrs | US$2.70m | 1.4% $55.1m | |
| Independent Director | 12.6yrs | US$209.91k | 0.072% $2.8m | |
| Lead Independent Director | 1.1yrs | US$204.91k | 0.10% $4.1m | |
| Independent Director | 28.2yrs | US$194.91k | 0.21% $8.1m | |
| Chairman of the Board | 2.1yrs | US$244.91k | 0.092% $3.6m | |
| Director | 0yrs | no data | no data | |
| Independent Director | 1.2yrs | US$5.83k | no data |
2.6yrs
Average Tenure
64.5yo
Average Age
Experienced Board: LFS's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: LFS insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Littelfuse, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Littelfuse, Inc.
- Ticker: LFS
- Exchange: DB
- Founded: 1927
- Industry: Electronic Components
- Sector: Tech
- Market Cap: US$4.273b
- Listing Market Cap: US$3.928b
- Shares outstanding: 24.36m
- Website: https://www.littelfuse.com
Number of Employees
Location
- Littelfuse, Inc.
- 8755 West Higgins Road
- Suite 500
- Chicago
- Illinois
- 60631
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LFUS | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Sep 1992 |
| LFS | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Sep 1992 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/25 22:03 |
| End of Day Share Price | 2020/02/25 00:00 |
| Earnings | 2019/12/28 |
| Annual Earnings | 2019/12/28 |
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.