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LFUS

Littelfuse NasdaqGS:LFUS Stock Report

Last Price

US$198.69

Market Cap

US$4.9b

7D

-0.7%

1Y

-28.6%

Updated

02 Oct, 2022

Data

Company Financials +
LFUS fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends4/6

LFUS Stock Overview

Littelfuse, Inc. manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe.

Littelfuse, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Littelfuse
Historical stock prices
Current Share PriceUS$198.69
52 Week HighUS$334.84
52 Week LowUS$194.72
Beta1.18
1 Month Change-12.57%
3 Month Change-19.98%
1 Year Change-28.59%
3 Year Change10.91%
5 Year Change-2.65%
Change since IPO2,956.77%

Recent News & Updates

Sep 29
Should You Be Adding Littelfuse (NASDAQ:LFUS) To Your Watchlist Today?

Should You Be Adding Littelfuse (NASDAQ:LFUS) To Your Watchlist Today?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

Aug 16

Littelfuse: Another Strong Quarter, Shares Still Undervalued

We see Littelfuse as a pick-and-shovel approach to benefit from some of the most interesting growth markets that exist today, such as EVs, e-mobility, IoT, and renewable energy. The second quarter results showed again what Littelfuse is capable of delivering, with impressive growth in revenue and profitability despite headwinds from FX and the lock-downs in China. We continue to view shares as undervalued, trading at a modest price/earnings ratio of 18x for a company that is high-quality and high-growth. Littelfuse (LFUS) continues to be one of our favorite ways to invest in the structural themes of sustainability, connectivity and safety. This is because we see it as a pick-and-shovel approach to benefit from some of the most interesting growth markets that exist today, such as the growth in EVs, IoT and communication devices, automation, renewable energy, etc. Littelfuse is growing very quickly, in part because it is an important supplier of components needed in these industries. This strong growth was once again present in the second quarter results, with revenue growth of 18% and adjusted earnings increasing by 25% compared to last year. The company also announced the completion of the acquisition of C&K Switches, which is a designer and manufacturer of high-performance electro-mechanical switches and interconnect solutions. Shareholders have even more reasons to be happy with the results, given that the company announced an increase to the quarterly cash dividend of 13%. During the earnings call, there was a lot of discussion on design wins, some of the ones we found more interesting were those in battery management systems and other EV applications. In any case, it is clear that the pipeline of new business opportunities is robust, that new business wins have been significant, and represent a diverse range of end markets and applications. 2Q 2022 Results Revenue was $618 million, up 18% over last year and up 10% organically. The Carling acquisition added 11%. Foreign exchange reduced revenue by 3%, mainly due to the weaker euro. The company reported second quarter GAAP diluted earnings per share of $3.48 and adjusted diluted EPS of $4.26, up 25% over last year. The company was negatively impacted by the lock-downs in China, which extended longer than expected. Littelfuse was able to offset some of the sales impact with strength across other markets, and Littelfuse has been managing pricing to offset the ongoing inflationary pressures. The company still managed to deliver a strong cash flow quarter, generating $114 million in operating cash flow, and $87 million in free cash flow. Financials GAAP operating margins were 21.7%, while adjusted operating margins were 22.6%, up 310 basis points versus last year. These margins are very strong and likely to come down somewhat in the future, as Littelfuse has an across-the-company target margin in the 17% to 19% range averaged through the cycle. LFUS Gross Profit Margin (Quarterly) data by YCharts Growth remains strong but is decelerating a bit and getting closer to its historical average around 15%. One of the reasons that growth was so strong in the past quarter is that the distribution channel and some customers were building inventory, and once that has been completed, it is natural to expect growth to decelerate. LFUS Revenue (Quarterly YoY Growth) data by YCharts Balance Sheet The company said that it was able to improve terms on its $700 million credit facility and outstanding debt. Through mid-July, it took on $400 million of additional debt to support growth investments. Incorporating this activity, and the acquisition of C&K, Littelfuse's pro forma debt to EBITDA leverage remains at the low end of their target range and the company said they feel they are in a good position to take advantage of M&A opportunities should they present themselves. LFUS Financial Debt to EBITDA ((TTM)) data by YCharts Guidance For the third quarter, Littelfuse is expecting sales in the range of $630 million to $644 million, up 18% versus last year and 2% organic growth at midpoint. This assumes about 20% growth from our acquisitions, and significant headwinds resulting from the stronger dollar. The company is estimating sales headwinds of ~400 basis points in the quarter, and approximately 300 basis points for the full year, due to FX.

Aug 08
Littelfuse's (NASDAQ:LFUS) Shareholders Will Receive A Bigger Dividend Than Last Year

Littelfuse's (NASDAQ:LFUS) Shareholders Will Receive A Bigger Dividend Than Last Year

Littelfuse, Inc. ( NASDAQ:LFUS ) will increase its dividend from last year's comparable payment on the 8th of September...

Shareholder Returns

LFUSUS ElectronicUS Market
7D-0.7%-2.2%-2.5%
1Y-28.6%-24.1%-23.2%

Return vs Industry: LFUS underperformed the US Electronic industry which returned -24.1% over the past year.

Return vs Market: LFUS underperformed the US Market which returned -23.2% over the past year.

Price Volatility

Is LFUS's price volatile compared to industry and market?
LFUS volatility
LFUS Average Weekly Movement4.7%
Electronic Industry Average Movement6.7%
Market Average Movement6.8%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: LFUS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: LFUS's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
192717,000Dave Heinzmannhttps://www.littelfuse.com

Littelfuse, Inc. manufactures and sells circuit protection, power control, and sensing products in the Asia-Pacific, the Americas, and Europe. The company’s Electronics segment offers fuses and fuse accessories, positive temperature coefficient resettable fuses, polymer electrostatic discharge suppressors, varistors, reed switch based magnetic sensing products, and gas discharge tubes; and discrete transient voltage suppressor (TVS) diodes, TVS diode arrays, protection and switching thyristors, metal-oxide-semiconductor field-effect transistors and diodes, and insulated gate bipolar transistors. This segment serves industrial motor drives and power conversion, automotive electronics, electric vehicle and related infrastructure, power supplies, data centers, telecommunications, medical devices, alternative energy, building and home automation, appliances, and mobile electronics markets.

Littelfuse, Inc. Fundamentals Summary

How do Littelfuse's earnings and revenue compare to its market cap?
LFUS fundamental statistics
Market CapUS$4.92b
Earnings (TTM)US$348.53m
Revenue (TTM)US$2.33b

14.1x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LFUS income statement (TTM)
RevenueUS$2.33b
Cost of RevenueUS$1.39b
Gross ProfitUS$941.99m
Other ExpensesUS$593.46m
EarningsUS$348.53m

Last Reported Earnings

Jul 02, 2022

Next Earnings Date

n/a

Earnings per share (EPS)14.08
Gross Margin40.35%
Net Profit Margin14.93%
Debt/Equity Ratio43.5%

How did LFUS perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

15%

Payout Ratio