NasdaqGS:LFUS

Stock Analysis Report

Executive Summary

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

Rewards

Earnings are forecast to grow 13.76% per year

Earnings have grown 13% per year over the past 5 years

Risk Analysis

Has a high level of debt

Significant insider selling over the past 3 months



Snowflake Analysis

Adequate balance sheet with proven track record.


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: LFUS has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.7%

LFUS

1.8%

US Electronic

0.8%

US Market


1 Year Return

6.5%

LFUS

23.7%

US Electronic

17.8%

US Market

Return vs Industry: LFUS underperformed the US Electronic industry which returned 23.7% over the past year.

Return vs Market: LFUS underperformed the US Market which returned 17.8% over the past year.


Shareholder returns

LFUSIndustryMarket
7 Day2.7%1.8%0.8%
30 Day2.2%0.9%1.8%
90 Day2.9%6.2%4.1%
1 Year7.7%6.5%25.0%23.7%20.4%17.8%
3 Year25.6%22.3%47.0%42.9%45.9%36.4%
5 Year101.2%91.8%83.2%74.2%68.1%49.6%

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

Valuation

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

30.89x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: LFUS ($186.13) is trading above our estimate of fair value ($140.44)

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


Price To Earnings Ratio

PE vs Industry: LFUS is poor value based on its PE Ratio (30.9x) compared to the Electronic industry average (20.9x).

PE vs Market: LFUS is poor value based on its PE Ratio (30.9x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: LFUS is poor value based on its PEG Ratio (2.2x)


Price to Book Ratio

PB vs Industry: LFUS is overvalued based on its PB Ratio (3.1x) compared to the US Electronic industry average (2.1x).


Next Steps

Future Growth

How is Littelfuse forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

13.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LFUS's forecast earnings growth (13.8% per year) is above the savings rate (1.7%).

Earnings vs Market: LFUS's earnings (13.8% per year) are forecast to grow slower than the US market (14.2% per year).

High Growth Earnings: LFUS's earnings are forecast to grow, but not significantly.

Revenue vs Market: LFUS's revenue (2.3% per year) is forecast to grow slower than the US market (7.4% per year).

High Growth Revenue: LFUS's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if LFUS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Littelfuse performed over the past 5 years?

13.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LFUS has high quality earnings.

Growing Profit Margin: LFUS's current net profit margins (9.5%) are higher than last year (7.5%).


Past Earnings Growth Analysis

Earnings Trend: LFUS's earnings have grown by 13% per year over the past 5 years.

Accelerating Growth: LFUS's earnings growth over the past year (23.3%) exceeds its 5-year average (13% per year).

Earnings vs Industry: LFUS earnings growth over the past year (23.3%) underperformed the Electronic industry 53.7%.


Return on Equity

High ROE: LFUS's Return on Equity (10.1%) 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: LFUS's short term assets ($1.0B) exceed its short term liabilities ($248.7M).

Long Term Liabilities: LFUS's short term assets ($1.0B) exceed its long term liabilities ($830.4M).


Debt to Equity History and Analysis

Debt Level: LFUS's debt to equity ratio (46.1%) is considered high.

Reducing Debt: LFUS's debt to equity ratio has increased from 37.2% to 46.1% over the past 5 years.

Debt Coverage: LFUS's debt is well covered by operating cash flow (35.5%).

Interest Coverage: LFUS's interest payments on its debt are well covered by EBIT (9.4x coverage).


Balance Sheet

Inventory Level: LFUS has a high level of physical assets or inventory.

Debt Coverage by Assets: LFUS'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?

1.03%

Current Dividend Yield


Dividend Yield vs Market

company1.0%marketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Years1.2%

Current dividend yield vs market & industry

Notable Dividend: LFUS's dividend (1.03%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.43%).

High Dividend: LFUS's dividend (1.03%) is low compared to the top 25% of dividend payers in the US market (3.72%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, LFUS has been paying a dividend for less than 10 years.

Growing Dividend: LFUS'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 (29.4%), LFUS's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LFUS's dividends in 3 years are forecast to be well covered by earnings (30.6% payout ratio).


Next Steps

Management

What is the CEO of Littelfuse's salary, the management and board of directors tenure and is there insider trading?

3.3yrs

Average management tenure


CEO

Dave Heinzmann (56yo)

2.9yrs

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 ($USD4.88M) is about average for companies of similar size in the US market ($USD5.10M).

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


Management Age and Tenure

3.3yrs

Average Tenure

52yo

Average Age

Experienced Management: LFUS's management team is considered experienced (3.3 years average tenure).


Board Age and Tenure

2.4yrs

Average Tenure

63yo

Average Age

Experienced Board: LFUS's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: LFUS insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

BuyUS$11,21910 Dec 19
John Major
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares61
Max PriceUS$183.91
BuyUS$13,61510 Dec 19
Anthony Grillo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares74
Max PriceUS$183.98
SellUS$36,51227 Nov 19
Michael Rutz
EntityIndividual
Role
Senior Key Executive
Senior VP & GM of Semiconductor Products
Shares200
Max PriceUS$182.56
SellUS$36,76212 Nov 19
Michael Rutz
EntityIndividual
Role
Senior Key Executive
Senior VP & GM of Semiconductor Products
Shares200
Max PriceUS$183.81
SellUS$18,58207 Nov 19
Matthew Cole
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Business Development & Strategy
Shares100
Max PriceUS$185.82
SellUS$166,63306 Nov 19
Jeffrey Gorski
EntityIndividual
Role
Chief Accounting Officer
VP, Corporate Controller & Chief Accounting Officer
Shares901
Max PriceUS$186.96
SellUS$71,50105 Nov 19
John Major
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares392
Max PriceUS$182.40
BuyUS$10,93009 Sep 19
John Major
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares65
Max PriceUS$168.16
BuyUS$13,11609 Sep 19
Anthony Grillo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares78
Max PriceUS$168.16
BuyUS$11,79210 Jun 19
Anthony Grillo
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares67
Max PriceUS$176.00
SellUS$163,46931 May 19
Ian Highley
EntityIndividual
Role
Chief Technology Officer
Senior VP
Shares986
Max PriceUS$165.79
SellUS$221,04907 May 19
Deepak Nayar
EntityIndividual
Role
Senior Key Executive
Senior VP & GM of Electronics & Industrial Business
Shares1,180
Max PriceUS$187.33
SellUS$252,38227 Feb 19
Nathan Zommer
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,300
Max PriceUS$194.14
SellUS$195,98026 Feb 19
Ian Highley
EntityIndividual
Role
Chief Technology Officer
Senior VP
Shares1,000
Max PriceUS$195.98
SellUS$31,17807 Feb 19
Matthew Cole
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Business Development & Strategy
Shares170
Max PriceUS$183.40

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Dave Heinzmann (56yo)

    President

    • Tenure: 2.9yrs
    • Compensation: US$4.88m
  • Ryan Stafford (52yo)

    Executive VP

    • Tenure: 5.9yrs
    • Compensation: US$2.14m
  • Matthew Cole (48yo)

    Senior Vice President of Business Development & Strategy

    • Tenure: 4.4yrs
  • Deepak Nayar (60yo)

    Senior VP & GM of Electronics & Industrial Business

    • Tenure: 8.9yrs
    • Compensation: US$1.34m
  • Mike Rutz (48yo)

    Senior VP & GM of Semiconductor Products

    • Tenure: 0.8yrs
    • Compensation: US$1.48m
  • Ian Highley (55yo)

    Senior VP

    • Tenure: 4.9yrs
  • Trisha Tuntland

    Head of Investor Relations

    • Tenure: 1.5yrs
  • Meenal Sethna (49yo)

    Executive VP & CFO

    • Tenure: 3.8yrs
    • Compensation: US$2.00m
  • Jeff Gorski (44yo)

    VP, Corporate Controller & Chief Accounting Officer

    • Tenure: 2.3yrs
  • Alexander Conrad (53yo)

    Senior VP & GM of Passenger Vehicle Business

    • Tenure: 1.4yrs

Board Members

  • Bill Noglows (61yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$214.91k
  • Cary Fu (70yo)

    Independent Director

    • Tenure: 7.4yrs
    • Compensation: US$214.91k
  • Nathan Zommer (71yo)

    Director

    • Tenure: 1.9yrs
    • Compensation: US$2.70m
  • T. J. Chung (56yo)

    Independent Director

    • Tenure: 12.4yrs
    • Compensation: US$209.91k
  • John Major (73yo)

    Lead Independent Director

    • Tenure: 0.9yrs
    • Compensation: US$204.91k
  • Tony Grillo (63yo)

    Independent Director

    • Tenure: 28yrs
    • Compensation: US$194.91k
  • Gordon Hunter (67yo)

    Chairman of the Board

    • Tenure: 1.9yrs
    • Compensation: US$244.91k
  • Dave Heinzmann (56yo)

    President

    • Tenure: 2.9yrs
    • Compensation: US$4.88m
  • Kristina Cerniglia (53yo)

    Independent Director

    • Tenure: 1yrs
    • Compensation: US$5.83k

Company Information

Littelfuse, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Littelfuse, Inc.
  • Ticker: LFUS
  • Exchange: NasdaqGS
  • Founded: 1927
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: US$4.490b
  • 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 temperatur ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/11 23:38
End of Day Share Price2019/12/11 00:00
Earnings2019/09/28
Annual Earnings2018/12/29


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.