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Littelfuse

Nasdaq:LFUS
Snowflake Description

Adequate balance sheet with acceptable track record.

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

Littelfuse, Inc. designs, manufactures, and sells circuit protection, power control, and sensing products worldwide. The last earnings update was 84 days ago. More info.


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LFUS Share Price and Events
7 Day Returns
8.2%
NasdaqGS:LFUS
-0.6%
US Electronic
-0.9%
US Market
1 Year Returns
-17.8%
NasdaqGS:LFUS
1.6%
US Electronic
3.8%
US Market
LFUS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Littelfuse (LFUS) 8.2% 4.4% -7.7% -17.8% 48% 110.8%
US Electronic -0.6% -0.5% -7% 1.6% 53.8% 54.9%
US Market -0.9% 1.1% 1.1% 3.8% 35.5% 42.1%
1 Year Return vs Industry and Market
  • LFUS underperformed the Electronic industry which returned 1.6% over the past year.
  • LFUS underperformed the Market in United States of America which returned 3.8% over the past year.
Price Volatility
LFUS
Industry
5yr Volatility vs Market

LFUS Value

 Is Littelfuse 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 Littelfuse 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 Littelfuse.

NasdaqGS:LFUS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.8%
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:LFUS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.135 (1 + (1- 21%) (15.56%))
1.184
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.18
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.184 * 5.96%)
9.79%

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

The calculations below outline how an intrinsic value for Littelfuse 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:LFUS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.79%)
2020 244.82 Analyst x3 223.00
2021 321.00 Analyst x1 266.32
2022 359.08 Est @ 11.86% 271.36
2023 391.85 Est @ 9.12% 269.73
2024 420.08 Est @ 7.21% 263.39
2025 444.71 Est @ 5.86% 253.98
2026 466.61 Est @ 4.92% 242.73
2027 486.51 Est @ 4.27% 230.52
2028 505.02 Est @ 3.8% 217.96
2029 522.60 Est @ 3.48% 205.44
Present value of next 10 years cash flows $2,444.42
NasdaqGS:LFUS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $522.60 × (1 + 2.73%) ÷ (9.79% – 2.73%)
$7,608.46
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $7,608.46 ÷ (1 + 9.79%)10
$2,991.01
NasdaqGS:LFUS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,444.42 + $2,991.01
$5,435.44
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $5,435.44 / 24.73
$219.82
NasdaqGS:LFUS Discount to Share Price
Calculation Result
Value per share (USD) From above. $219.82
Current discount Discount to share price of $183.67
= -1 x ($183.67 - $219.82) / $219.82
16.4%

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

Current Discount
Amount off the current price Littelfuse is available for.
Intrinsic value
16%
Share price is $183.67 vs Future cash flow value of $219.82
Current Discount Checks
For Littelfuse to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Littelfuse's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Littelfuse's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Littelfuse's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Littelfuse's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:LFUS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-30) in USD $6.63
NasdaqGS:LFUS Share Price ** NasdaqGS (2019-07-23) in USD $183.67
United States of America Electronic Industry PE Ratio Median Figure of 90 Publicly-Listed Electronic Companies 17.83x
United States of America Market PE Ratio Median Figure of 3,083 Publicly-Listed Companies 17.8x

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

** Primary Listing of Littelfuse.

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

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

= 183.67 ÷ 6.63

27.7x

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

  • Littelfuse is overvalued based on earnings compared to the US Electronic industry average.
  • Littelfuse is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Littelfuse's expected growth come at a high price?
Raw Data
NasdaqGS:LFUS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.7x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
15.7%per year
United States of America Electronic Industry PEG Ratio Median Figure of 58 Publicly-Listed Electronic Companies 1.23x
United States of America Market PEG Ratio Median Figure of 2,118 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.7x ÷ 15.7%

1.77x

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

  • Littelfuse is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Littelfuse's assets?
Raw Data
NasdaqGS:LFUS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-30) in USD $60.88
NasdaqGS:LFUS Share Price * NasdaqGS (2019-07-23) in USD $183.67
United States of America Electronic Industry PB Ratio Median Figure of 138 Publicly-Listed Electronic Companies 2.16x
United States of America Market PB Ratio Median Figure of 5,249 Publicly-Listed Companies 1.78x
NasdaqGS:LFUS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 183.67 ÷ 60.88

3.02x

* Primary Listing of Littelfuse.

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

  • Littelfuse is overvalued based on assets compared to the US Electronic industry average.
X
Value checks
We assess Littelfuse'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Littelfuse 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.

LFUS Future Performance

 How is Littelfuse expected to perform in the next 1 to 3 years based on estimates from 9 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
15.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Littelfuse expected to grow at an attractive rate?
  • Littelfuse's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Littelfuse's earnings growth is expected to exceed the United States of America market average.
  • Littelfuse's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:LFUS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:LFUS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 15.7%
NasdaqGS:LFUS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 5%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.9%
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 7.3%

*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:LFUS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:LFUS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,950 294 1
2021-12-31 1,804 416 263 2
2020-12-31 1,683 337 226 9
2019-12-31 1,591 292 188 5
NasdaqGS:LFUS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-30 1,706 293 166
2018-12-29 1,718 332 165
2018-09-29 1,621 340 121
2018-06-30 1,500 317 110
2018-03-31 1,354 315 117
2017-12-30 1,222 269 120
2017-09-30 1,201 261 158
2017-07-01 1,164 238 146
2017-04-01 1,122 194 124
2016-12-31 1,056 180 104
2016-10-01 992 152 98
2016-07-02 927 139 79
2016-04-02 877 152 80

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Littelfuse's earnings are expected to grow by 15.7% yearly, however this is not considered high growth (20% yearly).
  • Littelfuse's revenue is expected to grow by 5% 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:LFUS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from Littelfuse Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:LFUS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 11.99 11.99 11.99 1.00
2021-12-31 10.66 10.66 10.66 1.00
2020-12-31 9.04 9.56 8.10 7.00
2019-12-31 7.57 8.12 7.13 3.00
NasdaqGS:LFUS Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-30 6.63
2018-12-29 6.62
2018-09-29 4.98
2018-06-30 4.67
2018-03-31 5.05
2017-12-30 5.27
2017-09-30 6.95
2017-07-01 6.41
2017-04-01 5.48
2016-12-31 4.63
2016-10-01 4.36
2016-07-02 3.50
2016-04-02 3.56

*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 Littelfuse will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Littelfuse'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.
Littelfuse has a total score of 2/6, 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.

LFUS Past Performance

  How has Littelfuse 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 Littelfuse's growth in the last year to its industry (Electronic).
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.
  • Littelfuse's year on year earnings growth rate has been positive over the past 5 years.
  • Littelfuse's 1-year earnings growth exceeds its 5-year average (41.9% vs 10.6%)
  • Littelfuse's earnings growth has not exceeded the US Electronic industry average in the past year (41.9% vs 55.5%).
Earnings and Revenue History
Littelfuse'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 Littelfuse Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:LFUS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-30 1,706.16 165.53 284.19 86.17
2018-12-29 1,718.47 164.57 288.53 87.30
2018-09-29 1,621.04 121.08 258.32 79.36
2018-06-30 1,499.73 110.34 245.23 70.90
2018-03-31 1,353.91 116.66 225.32 60.88
2017-12-30 1,221.53 119.52 204.68 50.49
2017-09-30 1,201.20 157.58 192.59 48.19
2017-07-01 1,163.65 145.58 192.45 46.60
2017-04-01 1,122.20 124.09 196.87 46.08
2016-12-31 1,056.16 104.49 204.50 42.20
2016-10-01 991.66 98.11 181.47 39.46
2016-07-02 926.84 78.63 161.88 36.54
2016-04-02 876.95 80.16 142.86 31.68
2016-01-02 867.86 80.87 143.54 30.80
2015-09-26 854.46 79.51 146.65 30.31
2015-06-27 856.56 98.13 146.29 30.28
2015-03-28 855.45 94.02 145.85 30.73
2014-12-27 852.00 98.10 143.78 30.92
2014-09-27 843.50 103.55 142.01 29.52
2014-06-28 826.94 100.60 139.80 28.29
2014-03-29 793.79 102.65 135.93 26.27
2013-12-28 757.85 88.73 130.96 24.42
2013-09-28 718.52 77.11 130.62 23.40
2013-06-29 690.17 72.87 126.78 22.69
2013-03-30 678.25 69.16 123.52 21.79
2012-12-29 667.91 75.20 122.73 21.23
2012-09-29 656.31 78.38 116.77 20.24

*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.
  • Littelfuse has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Littelfuse used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.
  • Littelfuse's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Littelfuse'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 Electronic 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.
Littelfuse has a total score of 3/6, 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.

LFUS Health

 How is Littelfuse'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 Littelfuse's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Littelfuse is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Littelfuse's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Littelfuse'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.
  • Debt is covered by short term assets, assets are 1.5x debt.
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 Littelfuse Company Filings, last reported 3 months ago.

NasdaqGS:LFUS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-30 1,505.39 686.51 476.65
2018-12-29 1,478.34 694.73 489.77
2018-09-29 1,519.40 700.71 498.25
2018-06-30 1,470.02 697.60 408.18
2018-03-31 1,441.97 753.55 412.50
2017-12-30 927.56 495.61 429.71
2017-09-30 933.24 501.65 372.86
2017-07-01 895.43 481.69 321.93
2017-04-01 855.76 470.52 278.01
2016-12-31 814.93 454.14 278.81
2016-10-01 803.38 440.46 198.46
2016-07-02 774.86 367.98 183.38
2016-04-02 773.31 377.36 277.22
2016-01-02 739.25 170.75 332.97
2015-09-26 733.74 209.02 340.60
2015-06-27 767.29 179.24 315.87
2015-03-28 735.26 189.97 297.50
2014-12-27 727.67 195.16 301.87
2014-09-27 737.90 276.50 378.31
2014-06-28 727.49 295.25 353.26
2014-03-29 706.37 285.50 326.75
2013-12-28 686.92 219.75 312.08
2013-09-28 660.41 228.50 301.74
2013-06-29 622.69 233.00 266.19
2013-03-30 597.37 94.00 255.24
2012-12-29 587.56 84.00 235.40
2012-09-29 580.53 88.53 207.40
  • Littelfuse's level of debt (45.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (40.4% vs 45.6% today).
  • Debt is well covered by operating cash flow (42.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11.2x coverage).
X
Financial health checks
We assess Littelfuse'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. Littelfuse has a total score of 4/6, 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.

LFUS Dividends

 What is Littelfuse'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
0.94%
Current annual income from Littelfuse dividends. Estimated to be 1.09% next year.
If you bought $2,000 of Littelfuse shares you are expected to receive $19 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?
  • Littelfuse's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Littelfuse's dividend is below the markets top 25% of dividend payers in United States of America (3.77%).
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:LFUS 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 9 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 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 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:LFUS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 2.29 4.00
2019-12-31 1.70 4.00
NasdaqGS:LFUS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-01 1.720 0.990
2018-11-07 1.720 0.936
2018-08-01 1.720 0.857
2018-01-31 1.480 0.690
2017-11-01 1.480 0.736
2017-08-02 1.480 0.776
2017-05-03 1.320 0.786
2016-10-21 1.320 0.861
2016-07-21 1.320 1.061
2016-04-22 1.160 1.002
2016-03-01 1.160 0.969
2016-02-02 1.160 1.039
2015-10-30 1.160 1.107
2015-10-28 1.160 1.158
2015-04-29 1.000 1.069
2014-10-29 1.000 1.027
2014-07-30 1.000 1.130
2014-04-29 0.880 0.974
2014-02-07 0.880 0.938
2013-10-30 0.880 0.995
2013-07-31 0.880 1.125
2013-04-30 0.800 1.060
2012-11-01 0.800 1.285
2012-08-01 0.800 1.466
2012-05-03 0.720 1.265
2012-02-07 0.720 1.247
2011-11-03 0.720 1.545
2011-08-04 0.720 1.642
2011-05-05 0.600 1.056
2011-02-10 0.600 1.082
2010-11-04 0.600 1.247

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

  • Whilst dividend payments have been stable, Littelfuse has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Littelfuse only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Littelfuse's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4x coverage).
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 Littelfuse'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 Littelfuse afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Littelfuse has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LFUS Management

 What is the CEO of Littelfuse'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
Dave Heinzmann
COMPENSATION $4,876,690
AGE 56
TENURE AS CEO 2.5 years
CEO Bio

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. from January 10, 2014 to January 1, 2017. He served as Vice President of Global Operations at Shocking Technologies, Inc., since October 2007. He serves as a Director of Midwest Board at TechAmerica. Mr. Heinzmann served as Vice President of Global Operations at Littelfuse Inc. from August 20, 2007 to January 10, 2014. He was responsible for Littelfuse's manufacturing and supply chain groups for all three of its business units. He served as a Vice President of Automotive Unit at Littelfuse Inc. from April 30, 2004 to August 20, 2007 and its General Manager of the Automotive Business Unit until August 20, 2007. He was responsible for marketing, sales, product development and manufacturing for all automotive customers and products. He began his career at Littelfuse Inc./de in 1985 and possessed a broad range of experience within Littelfuse Inc./de. He served as a Manufacturing Manager, Quality Manager, Plant Manager and Product Development Manager of Littelfuse Inc./de. Mr. Heinzmann is a Director of Pulse Electronics Corporation since 2014. He has been Director of Littelfuse, Inc. since January 1, 2017. He served as Director of Global Operations of the Electronics Business Unit of Littelfuse Inc. from 2000 to 2003. He served as a Director of Shocking Technologies Inc. He holds a Bachelor of Science Degree in Mechanical Engineering from Missouri University of Science and Technology.

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

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

2.9
Average Tenure
52
Average Age
  • The tenure for the Littelfuse management team is about average.
Management Team

Dave Heinzmann

TITLE
President
COMPENSATION
$5M
AGE
56
TENURE
2.5 yrs

Meenal Sethna

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
49
TENURE
3.3 yrs

Ryan Stafford

TITLE
Executive VP
COMPENSATION
$2M
AGE
52
TENURE
5.5 yrs

Deepak Nayar

TITLE
Senior VP & GM of Electronics & Industrial Business
COMPENSATION
$1M
AGE
60
TENURE
8.5 yrs

Mike Rutz

TITLE
Senior VP & GM of Semiconductor Products
COMPENSATION
$1M
AGE
48
TENURE
0.4 yrs

Jeff Gorski

TITLE
VP, Corporate Controller & Chief Accounting Officer
AGE
44
TENURE
1.9 yrs

Ian Highley

TITLE
Senior VP
AGE
55
TENURE
4.5 yrs

Trisha Tuntland

TITLE
Head of Investor Relations
TENURE
1.1 yrs

Matthew Cole

TITLE
Senior Vice President of Business Development & Strategy
AGE
48
TENURE
4 yrs

Alexander Conrad

TITLE
Senior VP & GM of Passenger Vehicle Business
AGE
53
TENURE
1 yrs
Board of Directors Tenure

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

2
Average Tenure
63
Average Age
  • The average tenure for the Littelfuse board of directors is less than 3 years, this suggests a new board.
Board of Directors

Gordon Hunter

TITLE
Chairman of the Board
COMPENSATION
$245K
AGE
67
TENURE
1.5 yrs

Dave Heinzmann

TITLE
President
COMPENSATION
$5M
AGE
56
TENURE
2.5 yrs

Bill Noglows

TITLE
Lead Independent Director
COMPENSATION
$215K
AGE
61

T. J. Chung

TITLE
Independent Director
COMPENSATION
$210K
AGE
56
TENURE
12 yrs

Cary Fu

TITLE
Director
COMPENSATION
$215K
AGE
70
TENURE
7 yrs

John Major

TITLE
Lead Independent Director
COMPENSATION
$205K
AGE
73
TENURE
0.5 yrs

Tony Grillo

TITLE
Independent Director
COMPENSATION
$195K
AGE
63
TENURE
27.6 yrs

Nathan Zommer

TITLE
Director
COMPENSATION
$3M
AGE
71
TENURE
1.5 yrs

Kristina Cerniglia

TITLE
Director
COMPENSATION
$6K
AGE
53
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • Littelfuse individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
10. Jun 19 Buy Anthony Grillo Individual 10. Jun 19 10. Jun 19 67 $176.00 $11,792
31. May 19 Sell Ian Highley Individual 29. May 19 29. May 19 -986 $165.79 $-163,469
07. May 19 Sell Deepak Nayar Individual 06. May 19 06. May 19 -1,180 $187.33 $-221,049
27. Feb 19 Sell Nathan Zommer Individual 25. Feb 19 25. Feb 19 -1,300 $194.14 $-252,382
26. Feb 19 Sell Ian Highley Individual 25. Feb 19 25. Feb 19 -1,000 $195.98 $-195,980
07. Feb 19 Sell Matthew Cole Individual 05. Feb 19 05. Feb 19 -170 $183.40 $-31,178
06. Sep 18 Sell Nathan Zommer Individual 04. Sep 18 04. Sep 18 -592 $221.23 $-130,968
30. Aug 18 Sell Jeffrey Gorski Individual 29. Aug 18 29. Aug 18 -351 $227.12 $-79,719
22. Aug 18 Sell Jeffrey Gorski Individual 21. Aug 18 21. Aug 18 -350 $222.93 $-78,026
15. Aug 18 Sell Matthew Cole Individual 08. Aug 18 08. Aug 18 -150 $227.26 $-34,089
10. Aug 18 Sell Anthony Grillo Individual 09. Aug 18 09. Aug 18 -4,000 $225.66 $-902,640
09. Aug 18 Sell Tzau-Jin Chung Individual 08. Aug 18 08. Aug 18 -1,200 $227.41 $-272,892
X
Management checks
We assess Littelfuse'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. Littelfuse 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.

LFUS News

Simply Wall St News

With A Return On Equity Of 11%, Has Littelfuse, Inc.'s (NASDAQ:LFUS) Management Done Well?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Littelfuse: 11% = US$166m ÷ US$1.5b (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Littelfuse's Debt And Its 11% ROE While Littelfuse does have some debt, with debt to equity of just 0.46, we wouldn't say debt is excessive. … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

Does Littelfuse, Inc.'s (NASDAQ:LFUS) CEO Pay Matter?

First, this article will compare CEO compensation with compensation at similar sized companies. … View our latest analysis for Littelfuse How Does Dave Heinzmann's Compensation Compare With Similar Sized Companies? … Dave Heinzmann is paid around the same as most CEOs of similar size companies.

Simply Wall St -

How Much Are Littelfuse, Inc. (NASDAQ:LFUS) Insiders Taking Off The Table?

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' View our latest analysis for Littelfuse Littelfuse Insider Transactions Over The Last Year The Independent Director, Anthony Grillo, made the biggest insider sale in the last 12 months. … NasdaqGS:LFUS Recent Insider Trading, July 2nd 2019 Insiders at Littelfuse Have Sold Stock Recently Over the last three months, we've seen notably more insider selling, than insider buying, at Littelfuse. … Does Littelfuse Boast High Insider Ownership?

Simply Wall St -

What Should We Expect From Littelfuse, Inc.'s (NASDAQ:LFUS) Earnings In The Next 12 Months?

Below is a brief commentary on the longer term outlook the market has for Littelfuse. … To get an idea of the overall earnings growth trend for LFUS, I’ve plotted out each year’s earnings expectations and inserted a line of best fit to determine an annual rate of growth from the slope of this line. … NasdaqGS:LFUS Past and Future Earnings, June 15th 2019 From the current net income level of US$165m and the final forecast of US$295m by 2022, the annual rate of growth for LFUS’s earnings is 17%.

Simply Wall St -

Here's Why I Think Littelfuse (NASDAQ:LFUS) Is An Interesting Stock

For growth investors like me, Littelfuse's raw rate of earnings growth is a beacon in the night. … Although Littelfuse certainly looks good to me, I would like it more if insiders were buying up shares. … If you like to see insider buying, too, then this free list of growing companies that insiders are buying, could be exactly what you're looking for.

Simply Wall St -

Is It Too Late To Buy Littelfuse, Inc. (NASDAQ:LFUS) At Its May Price?

Looking at Littelfuse, Inc.’s (NASDAQ:LFUS) fundamentals some investors are wondering if its last closing price of $166.74 represents a good value for money for this high growth stock. … LFUS is trading at price-to-earnings (PE) ratio of 25.15x, which suggests that Littelfuse is overvalued based on current earnings compared to the Electronic industry average of 18.66x , and overvalued compared to the US market average ratio of 17.3x. … However, to properly examine the value of a high-growth stock such as Littelfuse, we must reflect its earnings growth into the valuation.

Simply Wall St -

How Does Littelfuse, Inc. (NASDAQ:LFUS) Stand Up To These Simple Dividend Safety Checks?

Dividend Growth Potential The other half of the dividend investing equation is evaluating whether earnings per share (EPS) are growing. Growing EPS can help maintain or increase the purchasing power of the dividend over the long run. It's good to see Littelfuse has been growing its earnings per share at 11% a year over the past 5 years. A company paying out less than a quarter of its earnings as dividends, and growing earnings at more than 10% per annum, looks to be right in the cusp of its growth phase. At the right price, we might be interested. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing. … Next, earnings growth has been good, but unfortunately the company has not been paying dividends as long as we'd like. … Earnings growth generally bodes well for the future value of company dividend payments.

Simply Wall St -

Littelfuse, Inc. (NASDAQ:LFUS): Time For A Financial Health Check

LFUS’s Debt (And Cash Flows) Over the past year, LFUS has reduced its debt from US$754m to US$706m , which includes long-term debt. … Moreover, LFUS has generated cash from operations of US$293m during the same period of time, resulting in an operating cash to total debt ratio of 42%, indicating that LFUS’s debt is appropriately covered by operating cash. … We can check to see whether LFUS is able to meet its debt obligations by looking at the net interest coverage ratio.

Simply Wall St -

Is It Too Late To Consider Buying Littelfuse, Inc. (NASDAQ:LFUS)?

saw significant share price movement during recent months on the NASDAQGS, rising to highs of $204.45 and falling to the lows of $170.75. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … Let’s take a look at Littelfuse’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Is Littelfuse, Inc. (NASDAQ:LFUS) Expensive For A Reason? A Look At Its Intrinsic Value

by taking the foreast future cash flows of the company and discounting them back to today's value. … I will be using the Discounted Cash Flow (DCF) model! … We generally believe that a company's value is the present value of all of the cash it will generate in the future.

Simply Wall St -

LFUS Company Info

Description

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.

Details
Name: Littelfuse, Inc.
LFUS
Exchange: NasdaqGS
Founded: 1927
$4,541,551,519
24,726,692
Website: http://www.littelfuse.com
Address: Littelfuse, Inc.
8755 West Higgins Road,
Suite 500,
Chicago,
Illinois, 60631,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS LFUS Common Stock Nasdaq Global Select US USD 22. Sep 1992
DB LFS Common Stock Deutsche Boerse AG DE EUR 22. Sep 1992
Number of employees
Current staff
Staff numbers
12,300
Littelfuse employees.
Industry
Electronic Components
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/24 01:48
End of day share price update: 2019/07/23 00:00
Last estimates confirmation: 2019/07/19
Last earnings filing: 2019/05/01
Last earnings reported: 2019/03/30
Last annual earnings reported: 2018/12/29


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.