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VICR

VicorNasdaqGS:VICR Stock Report

Market Cap

US$6.5b

7D

-2.9%

1Y

81.4%

Updated

30 Nov, 2021

Data

Company Financials +
VICR fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance4/6
Financial Health6/6
Dividends0/6

VICR Stock Overview

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally.

Vicor Competitors

Powell Industries

NasdaqGS:POWL

US$294.2m

AAON

NasdaqGS:AAON

US$4.1b

Advanced Energy Industries

NasdaqGS:AEIS

US$3.3b

ESCO Technologies

NYSE:ESE

US$2.2b

Price History & Performance

Summary of all time highs, changes and price drops for Vicor
Historical stock prices
Current Share PriceUS$148.71
52 Week HighUS$164.76
52 Week LowUS$74.08
Beta0.69
1 Month Change-1.90%
3 Month Change20.54%
1 Year Change81.44%
3 Year Change286.56%
5 Year Change915.09%
Change since IPO3,030.74%

Recent News & Updates

Nov 22
Investors Will Want Vicor's (NASDAQ:VICR) Growth In ROCE To Persist

Investors Will Want Vicor's (NASDAQ:VICR) Growth In ROCE To Persist

What are the early trends we should look for to identify a stock that could multiply in value over the long term...

Sep 23

2022, An Inflection Point For Revenues And EPS At Vicor

Q1 2022, additional production capacity of $250,000,000/year comes online. Q1 2022, Vicor’s revenue significantly increases as they are no longer capacity constrained. Q1 2022, the backlog, currently at $210,565,000, guarantees significant revenue growth. Q1 2022, continued GM improvements will drop dollars to the bottom line. Q3 2022, parts start to ship to the automotive market in production quantities.

Shareholder Returns

VICRUS ElectricalUS Market
7D-2.9%-3.4%-0.9%
1Y81.4%26.8%23.3%

Return vs Industry: VICR exceeded the US Electrical industry which returned 24.4% over the past year.

Return vs Market: VICR exceeded the US Market which returned 21.3% over the past year.

Price Volatility

Is VICR's price volatile compared to industry and market?
VICR volatility
VICR Average Weekly Movement4.3%
Electrical Industry Average Movement8.8%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: VICR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: VICR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19811,049Patrizio Vinciarellihttps://www.vicorpower.com

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories. It also provides custom power systems solutions.

Vicor Fundamentals Summary

How do Vicor's earnings and revenue compare to its market cap?
VICR fundamental statistics
Market CapUS$6.50b
Earnings (TTM)US$58.94m
Revenue (TTM)US$353.39m

110.4x

P/E Ratio

18.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
VICR income statement (TTM)
RevenueUS$353.39m
Cost of RevenueUS$175.55m
Gross ProfitUS$177.84m
ExpensesUS$118.90m
EarningsUS$58.94m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.35
Gross Margin50.32%
Net Profit Margin16.68%
Debt/Equity Ratio0%

How did VICR perform over the long term?

See historical performance and comparison

Valuation

Is Vicor undervalued compared to its fair value and its price relative to the market?

110.44x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VICR ($148.71) is trading above our estimate of fair value ($125.42)

Significantly Below Fair Value: VICR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: VICR is poor value based on its PE Ratio (110.4x) compared to the US Electrical industry average (23.7x).

PE vs Market: VICR is poor value based on its PE Ratio (110.4x) compared to the US market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: VICR is poor value based on its PEG Ratio (3.7x)


Price to Book Ratio

PB vs Industry: VICR is overvalued based on its PB Ratio (15.8x) compared to the US Electrical industry average (3.3x).


Future Growth

How is Vicor forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

30.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VICR's forecast earnings growth (30.2% per year) is above the savings rate (2%).

Earnings vs Market: VICR's earnings (30.2% per year) are forecast to grow faster than the US market (14.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: VICR's revenue (19.4% per year) is forecast to grow faster than the US market (10.1% per year).

High Growth Revenue: VICR's revenue (19.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VICR's Return on Equity is forecast to be high in 3 years time (24.7%)


Past Performance

How has Vicor performed over the past 5 years?

49.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VICR has a high level of non-cash earnings.

Growing Profit Margin: VICR's current net profit margins (16.7%) are higher than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: VICR has become profitable over the past 5 years, growing earnings by 49.3% per year.

Accelerating Growth: VICR's earnings growth over the past year (634.1%) exceeds its 5-year average (49.3% per year).

Earnings vs Industry: VICR earnings growth over the past year (634.1%) exceeded the Electrical industry 56.7%.


Return on Equity

High ROE: VICR's Return on Equity (14.3%) is considered low.


Financial Health

How is Vicor's financial position?


Financial Position Analysis

Short Term Liabilities: VICR's short term assets ($350.0M) exceed its short term liabilities ($42.6M).

Long Term Liabilities: VICR's short term assets ($350.0M) exceed its long term liabilities ($4.6M).


Debt to Equity History and Analysis

Debt Level: VICR is debt free.

Reducing Debt: VICR has not had any debt for past 5 years.

Debt Coverage: VICR has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: VICR has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Vicor current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate VICR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate VICR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if VICR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VICR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: VICR is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of VICR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.4yrs

Average management tenure


CEO

Patrizio Vinciarelli (74 yo)

40.83yrs

Tenure

US$143,495

Compensation

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 197...


CEO Compensation Analysis

Compensation vs Market: Patrizio's total compensation ($USD143.50K) is below average for companies of similar size in the US market ($USD6.23M).

Compensation vs Earnings: Patrizio's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: VICR's management team is seasoned and experienced (6.4 years average tenure).


Board Members

Experienced Board: VICR's board of directors are considered experienced (7.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: VICR insiders have only sold shares 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

Vicor Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Vicor Corporation
  • Ticker: VICR
  • Exchange: NasdaqGS
  • Founded: 1981
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: US$6.504b
  • Shares outstanding: 43.77m
  • Website: https://www.vicorpower.com

Number of Employees


Location

  • Vicor Corporation
  • 25 Frontage Road
  • Andover
  • Massachusetts
  • 1810
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 00:13
End of Day Share Price2021/11/29 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.