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Vicor

Nasdaq:VICR
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VICR
Nasdaq
$1B
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. The last earnings update was 53 days ago. More info.


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  • Vicor has significant price volatility in the past 3 months.
VICR Share Price and Events
7 Day Returns
-5.5%
NasdaqGS:VICR
4.2%
US Electrical
2.2%
US Market
1 Year Returns
-35.6%
NasdaqGS:VICR
3.3%
US Electrical
3.8%
US Market
VICR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vicor (VICR) -5.5% -2% -3.9% -35.6% 185.2% 265.9%
US Electrical 4.2% 4.4% 3.9% 3.3% 36.5% 8.4%
US Market 2.2% 3.4% 4.4% 3.8% 43% 40.9%
1 Year Return vs Industry and Market
  • VICR underperformed the Electrical industry which returned 3.3% over the past year.
  • VICR underperformed the Market in United States of America which returned 3.8% over the past year.
Price Volatility
VICR
Industry
5yr Volatility vs Market

Value

 Is Vicor 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 Vicor 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 Vicor.

NasdaqGS:VICR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NasdaqGS:VICR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.16
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.159 (1 + (1- 21%) (0.37%))
1.109
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.109 * 5.96%)
9.34%

Discounted Cash Flow Calculation for NasdaqGS:VICR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Vicor 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.

NasdaqGS:VICR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.34%)
2019 9.30 Analyst x1 8.51
2020 24.70 Analyst x1 20.66
2021 44.00 Analyst x1 33.66
2022 57.39 Est @ 30.44% 40.16
2023 70.09 Est @ 22.13% 44.86
2024 81.52 Est @ 16.31% 47.72
2025 91.49 Est @ 12.23% 48.98
2026 100.08 Est @ 9.38% 49.00
2027 107.47 Est @ 7.39% 48.13
2028 113.91 Est @ 5.99% 46.65
Present value of next 10 years cash flows $388.32
NasdaqGS:VICR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $113.91 × (1 + 2.73%) ÷ (9.34% – 2.73%)
$1,771.10
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,771.10 ÷ (1 + 9.34%)10
$725.39
NasdaqGS:VICR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $388.32 + $725.39
$1,113.71
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,113.71 / 40.26
$27.66
NasdaqGS:VICR Discount to Share Price
Calculation Result
Value per share (USD) From above. $27.66
Current discount Discount to share price of $29.75
= -1 x ($29.75 - $27.66) / $27.66
-7.6%

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

  • The current share price of Vicor 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 Vicor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vicor's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:VICR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.80
NasdaqGS:VICR Share Price ** NasdaqGS (2019-06-21) in USD $29.75
United States of America Electrical Industry PE Ratio Median Figure of 30 Publicly-Listed Electrical Companies 17.43x
United States of America Market PE Ratio Median Figure of 3,093 Publicly-Listed Companies 17.88x

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

** Primary Listing of Vicor.

NasdaqGS:VICR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 29.75 ÷ 0.80

37.16x

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

  • Vicor is overvalued based on earnings compared to the US Electrical industry average.
  • Vicor is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Vicor's expected growth come at a high price?
Raw Data
NasdaqGS:VICR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 37.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
37%per year
United States of America Electrical Industry PEG Ratio Median Figure of 18 Publicly-Listed Electrical Companies 2.04x
United States of America Market PEG Ratio Median Figure of 2,133 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

NasdaqGS:VICR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 37.16x ÷ 37%

1.01x

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

  • Vicor is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Vicor's assets?
Raw Data
NasdaqGS:VICR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $4.72
NasdaqGS:VICR Share Price * NasdaqGS (2019-06-21) in USD $29.75
United States of America Electrical Industry PB Ratio Median Figure of 63 Publicly-Listed Electrical Companies 1.91x
United States of America Market PB Ratio Median Figure of 5,254 Publicly-Listed Companies 1.81x
NasdaqGS:VICR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 29.75 ÷ 4.72

6.3x

* Primary Listing of Vicor.

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

  • Vicor is overvalued based on assets compared to the US Electrical industry average.
X
Value checks
We assess Vicor'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 Electrical 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 Electrical industry average (and greater than 0)? (1 check)
  5. Vicor 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 Vicor expected to perform in the next 1 to 3 years based on estimates from 2 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
37%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vicor expected to grow at an attractive rate?
  • Vicor's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Vicor's earnings growth is expected to exceed the United States of America market average.
  • Vicor's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:VICR Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:VICR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 37%
NasdaqGS:VICR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 13.6%
United States of America Electrical Industry Earnings Growth Rate Market Cap Weighted Average 10.2%
United States of America Electrical Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
NasdaqGS:VICR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:VICR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 395 72 67 1
2020-12-31 348 53 52 2
2019-12-31 279 28 24 2
NasdaqGS:VICR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 292 35 32
2018-12-31 291 36 32
2018-09-30 276 20 26
2018-06-30 255 7 13
2018-03-31 239 -2 5
2017-12-31 228 -2 0
2017-09-30 217 3 -4
2017-06-30 213 4 -2
2017-03-31 209 0 -2
2016-12-31 200 1 -6
2016-09-30 204 -3 -5
2016-06-30 199 -5 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Vicor's earnings are expected to grow significantly at over 20% yearly.
  • Vicor's revenue is expected to grow by 13.6% 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
NasdaqGS:VICR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Vicor Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:VICR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.60 1.60 1.60 1.00
2020-12-31 1.25 1.25 1.25 2.00
2019-12-31 0.59 0.63 0.55 2.00
NasdaqGS:VICR Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.80
2018-12-31 0.80
2018-09-30 0.67
2018-06-30 0.34
2018-03-31 0.13
2017-12-31 0.00
2017-09-30 -0.11
2017-06-30 -0.05
2017-03-31 -0.05
2016-12-31 -0.16
2016-09-30 -0.14
2016-06-30 -0.13

*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.
  • Unable to establish if Vicor will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Vicor'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Vicor has a total score of 4/6, 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 Vicor 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 Vicor's growth in the last year to its industry (Electrical).
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.
  • Vicor has delivered over 20% year on year earnings growth in the past 5 years.
  • Vicor's 1-year earnings growth exceeds its 5-year average (530.8% vs 75.3%)
  • Vicor's earnings growth has exceeded the US Electrical industry average in the past year (530.8% vs 27.1%).
Earnings and Revenue History
Vicor'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 Vicor Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:VICR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 291.68 32.07 62.20 44.38
2018-12-31 291.22 31.73 62.22 44.29
2018-09-30 276.27 26.43 60.88 44.66
2018-06-30 255.12 13.40 60.10 44.51
2018-03-31 238.64 5.08 58.82 45.04
2017-12-31 227.83 0.17 57.44 44.92
2017-09-30 217.14 -4.13 57.09 43.51
2017-06-30 213.48 -1.79 55.90 43.30
2017-03-31 208.72 -1.87 55.68 42.13
2016-12-31 200.28 -6.25 55.68 41.85
2016-09-30 203.59 -5.31 56.63 42.13
2016-06-30 199.03 -5.14 56.70 41.91
2016-03-31 202.20 -3.80 57.47 41.78
2015-12-31 220.19 4.93 58.31 41.47
2015-09-30 229.54 6.68 59.16 41.41
2015-06-30 239.27 0.50 63.13 41.64
2015-03-31 236.52 -5.14 65.08 41.65
2014-12-31 225.73 -13.89 68.20 41.48
2014-09-30 220.25 -26.99 69.28 41.39
2014-06-30 216.94 -24.25 66.41 40.90
2014-03-31 210.45 -24.03 64.83 40.24
2013-12-31 199.16 -23.64 60.74 39.85
2013-09-30 194.33 -15.35 58.23 39.64
2013-06-30 192.18 -14.23 57.17 39.01
2013-03-31 200.79 -9.39 55.38 38.76
2012-12-31 218.51 -4.08 55.66 38.74
2012-09-30 226.63 1.41 55.02 38.32
2012-06-30 232.25 2.31 54.66 38.79

*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.
  • Vicor has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Vicor used its assets more efficiently than the US Electrical industry average last year based on Return on Assets.
  • Vicor has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Vicor'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 Electrical 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.
Vicor has a total score of 5/6, 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 Vicor'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 Vicor's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vicor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Vicor's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Vicor'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.
  • Vicor has no debt, it does not need to be covered by short term assets.
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 Vicor Company Filings, last reported 2 months ago.

NasdaqGS:VICR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 190.69 4.43 66.61
2018-12-31 184.09 0.00 70.56
2018-09-30 175.96 0.00 68.21
2018-06-30 158.94 0.00 53.92
2018-03-31 146.36 0.00 42.68
2017-12-31 136.42 0.00 44.23
2017-09-30 133.62 0.00 48.94
2017-06-30 132.09 0.00 51.43
2017-03-31 131.25 0.00 52.83
2016-12-31 131.02 0.00 56.17
2016-09-30 132.74 0.00 55.07
2016-06-30 130.50 0.00 54.15
2016-03-31 130.34 0.00 59.71
2015-12-31 136.09 0.00 62.98
2015-09-30 139.56 0.00 68.57
2015-06-30 136.44 0.00 65.15
2015-03-31 134.82 0.00 59.41
2014-12-31 130.55 0.00 55.46
2014-09-30 129.58 0.00 53.73
2014-06-30 132.97 0.00 51.45
2014-03-31 137.26 0.00 50.95
2013-12-31 142.34 0.00 56.80
2013-09-30 156.10 0.00 61.19
2013-06-30 156.42 0.00 60.78
2013-03-31 166.64 0.00 71.40
2012-12-31 181.97 0.00 84.55
2012-09-30 187.09 0.00 84.75
2012-06-30 186.09 0.00 82.24
  • Vicor has no debt.
  • Vicor has not taken on any debt in the past 5 years.
  • Vicor has no debt, it does not need to be covered by operating cash flow.
  • Vicor has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Vicor'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. Vicor has a total score of 6/6, 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 Vicor'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%
Current annual income from Vicor dividends.
If you bought $2,000 of Vicor shares you are expected to receive $0 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?
  • Unable to evaluate Vicor's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Vicor's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
NasdaqGS:VICR 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 2 Analyst Estimates (S&P Global) See Below
United States of America Electrical Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America 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.

NasdaqGS:VICR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
NasdaqGS:VICR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2013-10-30 0.000 0.000
2013-07-30 0.000 0.000
2013-07-23 0.000 0.000
2013-05-01 0.000 0.000
2013-04-25 0.000 0.000
2013-03-07 0.000 0.000
2013-02-26 0.000 0.000
2012-10-23 0.150 2.749
2012-07-30 0.000 0.000
2012-03-02 0.150 2.145
2012-02-22 0.150 1.762
2011-10-28 0.150 1.794
2011-10-25 0.150 1.589
2011-07-26 0.150 1.455
2011-03-03 0.300 1.900
2011-02-22 0.300 1.967
2010-11-03 0.300 1.827
2010-10-21 0.300 1.657
2010-06-28 0.300 2.099
2010-05-05 0.000 0.000
2010-04-22 0.000 0.000
2010-03-10 0.000 0.000
2010-03-09 0.000 0.000
2009-11-04 0.000 0.000
2009-11-03 0.000 0.000
2009-08-05 0.000 0.000
2009-08-04 0.000 0.000

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

  • Unable to perform a dividend volatility check as Vicor has not reported any payouts.
  • Unable to verify if Vicor's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Vicor's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Vicor has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Vicor's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Vicor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vicor has a total score of 0/6, 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 Vicor'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
Patrizio Vinciarelli
COMPENSATION $443,764
AGE 71
TENURE AS CEO 38.4 years
CEO Bio

Dr. Patrizio Vinciarelli, Ph.D. founded Vicor Corporation in 1981 and has been its Chairman, Chief Executive Officer, President and Director since 1981. Prior thereto, Dr. Vinciarelli was a Fellow from 1977 to 1980 at the Institute of Advanced Studies in Princeton, New Jersey and an Instructor at Princeton University. From 1973 to 1976, he was a Fellow at CERN, the Center for Nuclear Research in Geneva, Switzerland. Dr. Vinciarelli received his doctorate in Physics from the University of Rome, Italy. Dr. Vinciarelli holds more than 100 patents for power conversion technology.

CEO Compensation
  • Patrizio's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Patrizio's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

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

9.8
Average Tenure
58
Average Age
  • The average tenure for the Vicor management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Patrizio Vinciarelli

TITLE
Founder
COMPENSATION
$444K
AGE
71
TENURE
38.4 yrs

Jamie Simms

TITLE
CFO, Corporate VP
COMPENSATION
$423K
AGE
58
TENURE
11.2 yrs

Michael McNamara

TITLE
Corporate VP & GM of Operations
COMPENSATION
$342K
AGE
57
TENURE
4 yrs

Phil Davies

TITLE
Corporate Vice President of Global Sales & Marketing
COMPENSATION
$402K
AGE
58
TENURE
8.3 yrs

Claudio Tuozzolo

TITLE
Corporate VP & Director
COMPENSATION
$436K
AGE
55

Richard Nagel

TITLE
Chief Accounting Officer & Corporate VP
COMPENSATION
$210K
AGE
61
TENURE
13.1 yrs

Joseph Jeffery

TITLE
Chief Information Officer & Corporate VP
AGE
67
TENURE
3.8 yrs

Nancy Grava

TITLE
Corporate Vice President of Human Resources
AGE
47
TENURE
3.9 yrs

Kemble Morrison

TITLE
VP & Corporate Controller
TENURE
11.8 yrs
Board of Directors Tenure

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

12.4
Average Tenure
61
Average Age
  • The average tenure for the Vicor board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Jamie Simms

TITLE
CFO, Corporate VP
COMPENSATION
$423K
AGE
58
TENURE
11.2 yrs

Claudio Tuozzolo

TITLE
Corporate VP & Director
COMPENSATION
$436K
AGE
55
TENURE
12.4 yrs

Jason Carlson

TITLE
Independent Director
COMPENSATION
$54K
AGE
56
TENURE
10.8 yrs

Patrizio Vinciarelli

TITLE
Founder
COMPENSATION
$444K
AGE
71
TENURE
38.4 yrs

Barry Kelleher

TITLE
Director
COMPENSATION
$54K
AGE
69
TENURE
20.4 yrs

H. Henderson

TITLE
Director
COMPENSATION
$54K
AGE
70
TENURE
4.7 yrs

Estia Eichten

TITLE
Independent Director
COMPENSATION
$54K
AGE
71
TENURE
38.4 yrs

Samuel Anderson

TITLE
Director
COMPENSATION
$54K
AGE
61
TENURE
18.4 yrs

Liam Griffin

TITLE
Independent Director
COMPENSATION
$54K
AGE
51
TENURE
9.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
08. Mar 19 Sell Robert Gendron Individual 01. Mar 19 01. Mar 19 -465 $32.32 $-15,029
08. Mar 19 Sell Robert Russell Individual 01. Mar 19 01. Mar 19 -1,116 $32.22 $-35,961
X
Management checks
We assess Vicor'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. Vicor 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

With EPS Growth And More, Vicor (NASDAQ:VICR) Is Interesting

But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' In contrast to all that, I prefer to spend time on companies like Vicor (NASDAQ:VICR), which has not only revenues, but also profits. … Check out our latest analysis for Vicor Vicor's Improving Profits In a capitalist society capital chases profits, and that means share prices tend rise with earnings per share (EPS). … I like to see top-line growth as an indication that growth is sustainable, and I look for a high earnings before interest and taxation (EBIT) margin to point to a competitive moat (though some companies with low margins also have moats).

Simply Wall St -

Why We Like Vicor Corporation’s (NASDAQ:VICR) 17% Return On Capital Employed

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Vicor: 0.17 = US$33m ÷ (US$225m - US$31m) (Based on the trailing twelve months to March 2019.) Therefore, Vicor has an ROCE of 17%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Should You Consider Vicor Corporation (NASDAQ:VICR)?

In the case of VICR, it is a financially-robust company with a great history and an optimistic future outlook. … Solid track record with excellent balance sheet VICR delivered a triple-digit bottom-line expansion over the past couple of years, with its most recent earnings level surpassing its average level over the last five years. … In addition to beating its historical values, VICR also outperformed its industry, which delivered a growth of 34%.

Simply Wall St -

How Many Vicor Corporation (NASDAQ:VICR) Shares Have Insiders Sold, In The Last Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Vicor Corporation (NASDAQ:VICR). … Vicor Insider Transactions Over The Last Year. … While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price

Simply Wall St -

Do Insiders Own Shares In Vicor Corporation (NASDAQ:VICR)?

Vicor has a market capitalization of US$1.3b, so we would expect some institutional investors to have noticed the stock. … Our analysis of the ownership of the company, below, shows that. … institutional investors have bought into the company

Simply Wall St -

How Should Investors React To Vicor Corporation's (NASDAQ:VICR) CEO Pay?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Patrizio Vinciarelli's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Vicor Corporation has a market cap of US$1.3b, and is paying total annual CEO compensation of US$2.1m.

Simply Wall St -

Boasting A 17% Return On Equity, Is Vicor Corporation (NASDAQ:VICR) A Top Quality Stock?

This article is for those who would like to learn about Return On Equity (ROE). … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.17 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Announcing: Vicor Stock Soared An Exciting 354% In The Last Three Years

It might be of some concern to shareholders to see the Vicor Corporation (NASDAQ:VICR) share price down 19% in the last month. … The longer term view reveals that the share price is up 354% in that period. … By comparing earnings per share (EPS) and and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

Simply Wall St -

What You Must Know About Vicor Corporation's (NASDAQ:VICR) Financial Strength

However, it also faces higher cost of capital given interest cost is generally lower than equity. … Does VICR's growth rate justify its decision for financial flexibility over lower cost of capital … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital.

Simply Wall St -

Does Vicor Corporation (NASDAQ:VICR) Have A Volatile Share Price?

In finance, Beta is a measure of volatility. … Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility).

Simply Wall St -

Company Info

Description

Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power worldwide. It operates through Brick Business Unit, VI Chip, and Picor segments. The company offers a range of brick-format DC-DC converters and configurable products; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories. It also provides advanced power component products; and integrated circuits for use in various power management and power system applications, as well as custom power systems. The company serves independent manufacturers of electronic devices, original equipment manufacturers, and their contract manufacturers in the aerospace and aviation, defense electronics, industrial automation and equipment, instrumentation and test equipment, rail transportation, solid state lighting, telecommunications and networking infrastructure, and vehicles markets. Vicor Corporation was founded in 1981 and is headquartered in Andover, Massachusetts.

Details
Name: Vicor Corporation
VICR
Exchange: NasdaqGS
Founded: 1981
$1,197,870,422
40,264,552
Website: http://www.vicorpower.com
Address: Vicor Corporation
25 Frontage Road,
Andover,
Massachusetts, 01810,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS VICR Common Stock Nasdaq Global Select US USD 03. Apr 1990
DB VCV Common Stock Deutsche Boerse AG DE EUR 03. Apr 1990
Number of employees
Current staff
Staff numbers
992
Vicor employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/22 23:47
End of day share price update: 2019/06/21 00:00
Last estimates confirmation: 2019/06/17
Last earnings filing: 2019/04/30
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.