DB:LFS

Stock Analysis Report

Executive Summary

Littelfuse, Inc. designs, manufactures, and sells circuit protection, power control, and sensing products worldwide.


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

LFSIndustryMarket
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 Year9.6%6.7%36.1%31.6%8.9%-0.7%
5 Year89.3%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

company1.1%marketbottom25%1.4%markettop25%3.8%industryaverage1.3%forecastin3Years1.2%

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

NamePositionTenureCompensationOwnership
David Heinzmann
President3.1yrsUS$4.88m0.14% $5.7m
Meenal Sethna
Executive VP & CFO3.9yrsUS$2.00m0.025% $980.8k
Ryan Stafford
Executive VP6.1yrsUS$2.14m0.067% $2.6m
Deepak Nayar
Senior VP & GM of Electronics & Industrial Business9.1yrsUS$1.34m0.00031% $12.2k
Michael Rutz
Senior VP & GM of Semiconductor Products1yrsUS$1.48m0.0094% $370.4k
Jeffrey Gorski
VP, Corporate Controller & Chief Accounting Officer2.5yrsno datano data
Trisha Tuntland
Head of Investor Relations1.7yrsno datano data
Matthew Cole
Senior Vice President of Business Development & Strategy4.6yrsno data0.0073% $288.7k
Alexander Conrad
Senior VP & GM of Passenger Vehicle Business1.6yrsno data0.014% $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

NamePositionTenureCompensationOwnership
David Heinzmann
President3.1yrsUS$4.88m0.14% $5.7m
William Noglows
Lead Independent Director0yrsUS$214.91k0.097% $3.8m
Cary Fu
Independent Director7.6yrsUS$214.91k0.015% $585.7k
Nathan Zommer
Director2.1yrsUS$2.70m1.4% $55.1m
Tzau-Jin Chung
Independent Director12.6yrsUS$209.91k0.072% $2.8m
John Major
Lead Independent Director1.1yrsUS$204.91k0.10% $4.1m
Anthony Grillo
Independent Director28.2yrsUS$194.91k0.21% $8.1m
Gordon Hunter
Chairman of the Board2.1yrsUS$244.91k0.092% $3.6m
Maria Green
Director0yrsno datano data
Kristina Cerniglia
Independent Director1.2yrsUS$5.83kno 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LFUSNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDSep 1992
LFSDB (Deutsche Boerse AG)YesCommon StockDEEURSep 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 22:03
End of Day Share Price2020/02/25 00:00
Earnings2019/12/28
Annual Earnings2019/12/28


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.