Vishay Precision Group
Vishay Precision Group, Inc. designs, manufactures, and markets sensors, sensor-based measurement systems, specialty resistors, and strain gages in Asia, the United States, Israel, Europe, the United Kingdom, and Canada. The last earnings update was 12 days ago. More info.
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VPG Share Price and Events
7 Day Returns
1 Year Returns
VPG Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Vishay Precision Group (VPG) | -0.4% | -1.1% | 25.3% | 12.1% | 145.7% | 98.4% |
| US Electronic | -2.4% | -3.4% | 25.2% | 2.8% | 56.9% | 55.8% |
| US Market | -1.1% | -0.2% | 19.7% | 5.8% | 37.9% | 41.7% |
1 Year Return vs Industry and Market
- VPG outperformed the Electronic industry which returned 2.8% over the past year.
- VPG outperformed the Market in United States of America which returned 5.8% over the past year.
VPG Value
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
Vishay Precision Group
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Vishay Precision Group.
| 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 | 9.1% |
| 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.
| 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 | 1.07 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.065 (1 + (1- 21%) (5.74%)) |
1.076 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.08 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.076 * 5.96%) |
9.14% |
Discounted Cash Flow Calculation for NYSE:VPG using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Vishay Precision Group 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 9.14%) |
|
|---|---|---|---|
| 2019 | 6.06 | Analyst x2 | 5.55 |
| 2020 | 25.33 | Analyst x2 | 21.27 |
| 2021 | 27.88 | Est @ 10.06% | 21.45 |
| 2022 | 30.07 | Est @ 7.86% | 21.19 |
| 2023 | 31.97 | Est @ 6.32% | 20.64 |
| 2024 | 33.65 | Est @ 5.24% | 19.91 |
| 2025 | 35.16 | Est @ 4.49% | 19.06 |
| 2026 | 36.55 | Est @ 3.96% | 18.15 |
| 2027 | 37.87 | Est @ 3.59% | 17.23 |
| 2028 | 39.13 | Est @ 3.33% | 16.31 |
| Present value of next 10 years cash flows | $180.76 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $39.13 × (1 + 2.73%) ÷ (9.14% – 2.73%) |
$626.75 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $626.75 ÷ (1 + 9.14%)10 |
$261.28 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $180.76 + $261.28 |
$442.04 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $442.04 / 13.49 |
$32.77 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $32.77 |
| Current discount | Discount to share price of
$34.97
= -1 x ($34.97 - $32.77) / $32.77 |
-6.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Vishay Precision Group is above its future cash flow value.
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 Vishay Precision Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Vishay Precision Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $1.76 |
| NYSE:VPG Share Price ** | NYSE (2019-03-25) in USD | $34.97 |
| United States of America Electronic Industry PE Ratio | Median Figure of 92 Publicly-Listed Electronic Companies | 19.06x |
| United States of America Market PE Ratio | Median Figure of 3,061 Publicly-Listed Companies | 17.17x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Vishay Precision Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:VPG Share Price ÷ EPS (both in USD) = 34.97 ÷ 1.76 |
19.87x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Vishay Precision Group is overvalued based on earnings compared to the US Electronic industry average.
- Vishay Precision Group is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Vishay Precision Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 19.87x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts |
18.7%per year |
| United States of America Electronic Industry PEG Ratio | Median Figure of 60 Publicly-Listed Electronic Companies | 1.5x |
| United States of America Market PEG Ratio | Median Figure of 2,104 Publicly-Listed Companies | 1.45x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 19.87x ÷ 18.7% |
1.06x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Vishay Precision Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Vishay Precision Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $16.21 |
| NYSE:VPG Share Price * | NYSE (2019-03-25) in USD | $34.97 |
| United States of America Electronic Industry PB Ratio | Median Figure of 151 Publicly-Listed Electronic Companies | 2.01x |
| United States of America Market PB Ratio | Median Figure of 5,166 Publicly-Listed Companies | 1.85x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:VPG Share Price ÷ Book Value per Share (both in USD) = 34.97 ÷ 16.21 |
2.16x |
* Primary Listing of Vishay Precision Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Vishay Precision Group is overvalued based on assets compared to the US Electronic industry average.
Value checks
We assess Vishay Precision Group's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check) Vishay Precision Group 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.
VPG Future Performance
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!
Earnings growth vs Low Risk Savings
- Vishay Precision Group's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Vishay Precision Group's earnings growth is expected to exceed the United States of America market average.
- Vishay Precision Group's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:VPG Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts | 18.7% |
| NYSE:VPG Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts | 4.2% |
| United States of America Electronic Industry Earnings Growth Rate | Market Cap Weighted Average | 17% |
| United States of America Electronic Industry Revenue Growth Rate | Market Cap Weighted Average | 5.6% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 14.2% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*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
| 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 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 326 | 43 | 35 | 2 |
| 2019-12-31 | 310 | 36 | 30 | 2 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 300 | 35 | 24 |
| 2018-09-29 | 292 | 26 | 25 |
| 2018-06-30 | 280 | 23 | 21 |
| 2018-03-31 | 268 | 22 | 17 |
| 2017-12-31 | 254 | 23 | 14 |
| 2017-09-30 | 241 | 20 | 13 |
| 2017-07-01 | 232 | 19 | 10 |
| 2017-04-01 | 228 | 14 | 8 |
| 2016-12-31 | 225 | 12 | 6 |
| 2016-10-01 | 228 | 15 | -10 |
| 2016-07-02 | 231 | 14 | -13 |
| 2016-04-02 | 232 | 17 | -13 |
*GAAP earnings excluding extraordinary items.
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 Vishay Precision Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 2.53 | 2.75 | 2.30 | 2.00 |
| 2019-12-31 | 2.23 | 2.27 | 2.18 | 2.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 1.76 |
| 2018-09-29 | 1.84 |
| 2018-06-30 | 1.60 |
| 2018-03-31 | 1.30 |
| 2017-12-31 | 1.08 |
| 2017-09-30 | 0.97 |
| 2017-07-01 | 0.73 |
| 2017-04-01 | 0.60 |
| 2016-12-31 | 0.49 |
| 2016-10-01 | -0.76 |
| 2016-07-02 | -0.98 |
| 2016-04-02 | -1.00 |
*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.
- Vishay Precision Group is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Vishay Precision Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Vishay Precision Group 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.
VPG Past Performance
How has Vishay Precision Group 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
Past Earnings growth analysis
- Vishay Precision Group has delivered over 20% year on year earnings growth in the past 5 years.
- Vishay Precision Group's 1-year earnings growth exceeds its 5-year average (64.8% vs 37.3%)
- Vishay Precision Group's earnings growth has not exceeded the US Electronic industry average in the past year (64.8% vs 64.8%).
Earnings and Revenue History
All data from Vishay Precision Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 299.79 | 23.65 | 82.62 | |
| 2018-09-29 | 292.25 | 24.70 | 78.73 | |
| 2018-06-30 | 279.57 | 21.41 | 77.05 | |
| 2018-03-31 | 267.65 | 17.34 | 75.92 | |
| 2017-12-31 | 254.35 | 14.35 | 74.61 | |
| 2017-09-30 | 240.73 | 12.87 | 69.74 | |
| 2017-07-01 | 232.41 | 9.67 | 68.00 | |
| 2017-04-01 | 228.09 | 7.92 | 67.56 | |
| 2016-12-31 | 224.93 | 6.40 | 67.64 | |
| 2016-10-01 | 228.03 | -10.00 | 69.79 | |
| 2016-07-02 | 230.69 | -13.00 | 70.63 | |
| 2016-04-02 | 232.20 | -13.39 | 70.58 | |
| 2015-12-31 | 232.18 | -13.01 | 71.28 | |
| 2015-09-26 | 233.49 | -4.51 | 73.23 | |
| 2015-06-27 | 239.74 | 0.66 | 75.12 | |
| 2015-03-28 | 245.60 | 2.23 | 77.08 | |
| 2014-12-31 | 250.03 | 3.08 | 77.03 | |
| 2014-09-27 | 252.05 | 9.12 | 78.38 | |
| 2014-06-28 | 246.38 | 7.35 | 77.22 | |
| 2014-03-29 | 243.86 | 5.61 | 75.42 | |
| 2013-12-31 | 238.59 | 4.44 | 74.06 | |
| 2013-09-28 | 229.04 | 8.33 | 70.59 | |
| 2013-06-29 | 226.74 | 8.80 | 67.75 | |
| 2013-03-30 | 219.23 | 10.46 | 64.95 | |
| 2012-12-31 | 217.62 | 11.69 | 63.67 | |
| 2012-09-29 | 223.02 | 7.72 | 64.87 | |
| 2012-06-30 | 227.63 | 9.08 | 65.71 | |
| 2012-03-31 | 234.43 | 9.10 | 67.03 |
*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.
- Vishay Precision Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Vishay Precision Group used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.
- Vishay Precision Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Vishay Precision Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Vishay Precision Group has a total score of 4/6, 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.
VPG Health
How is Vishay Precision Group'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 Vishay Precision Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- Vishay Precision Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Vishay Precision Group's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 7.9x 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.
All data from Vishay Precision Group Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 218.45 | 27.08 | 90.16 |
| 2018-09-29 | 214.56 | 27.92 | 78.63 |
| 2018-06-30 | 206.30 | 30.78 | 74.71 |
| 2018-03-31 | 201.87 | 31.64 | 73.73 |
| 2017-12-31 | 193.30 | 32.36 | 74.29 |
| 2017-09-30 | 189.50 | 32.98 | 69.89 |
| 2017-07-01 | 182.47 | 33.62 | 63.16 |
| 2017-04-01 | 175.07 | 35.55 | 59.25 |
| 2016-12-31 | 171.56 | 36.15 | 58.45 |
| 2016-10-01 | 176.89 | 36.73 | 56.13 |
| 2016-07-02 | 176.26 | 37.25 | 52.22 |
| 2016-04-02 | 175.19 | 32.71 | 61.38 |
| 2015-12-31 | 172.44 | 33.16 | 62.64 |
| 2015-09-26 | 187.33 | 18.99 | 63.17 |
| 2015-06-27 | 193.70 | 21.00 | 65.46 |
| 2015-03-28 | 196.63 | 21.56 | 70.21 |
| 2014-12-31 | 199.89 | 22.83 | 79.64 |
| 2014-09-27 | 210.06 | 23.94 | 75.42 |
| 2014-06-28 | 210.61 | 25.03 | 72.46 |
| 2014-03-29 | 205.52 | 26.07 | 72.04 |
| 2013-12-31 | 203.55 | 27.07 | 72.79 |
| 2013-09-28 | 201.80 | 27.93 | 68.27 |
| 2013-06-29 | 192.83 | 34.58 | 68.16 |
| 2013-03-30 | 195.63 | 35.42 | 64.69 |
| 2012-12-31 | 196.81 | 11.32 | 93.88 |
| 2012-09-29 | 193.86 | 11.51 | 89.25 |
| 2012-06-30 | 188.33 | 11.52 | 82.13 |
| 2012-03-31 | 188.01 | 11.50 | 83.04 |
- Vishay Precision Group's level of debt (12.4%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (13.3% vs 12.4% today).
- Debt is well covered by operating cash flow (130.7%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 31.4x coverage).
Financial health checks
We assess Vishay Precision Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Vishay Precision Group has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
VPG Dividends
What is Vishay Precision Group'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
If you bought
$2,000 of
Vishay Precision Group
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Vishay Precision Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Vishay Precision Group'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.
| 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 Electronic Industry Average Dividend Yield | Market Cap Weighted Average of 38 Stocks | 1.6% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2003 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.9% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| 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.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | ||
| 2019-12-31 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Vishay Precision Group has not reported any payouts.
- Unable to verify if Vishay Precision Group's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Vishay Precision Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Vishay Precision Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Vishay Precision Group 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.
VPG Management
CEO
| COMPENSATION | $2,193,837 |
| AGE | 51 |
| TENURE AS CEO | 8.7 years |
CEO Bio
Mr. Ziv Shoshani serves as Chief Executive Officer, President and a member of the Board of Directors of Vishay Precision Group, Inc., an independent, publicly-traded company spun-off from Vishay Intertechnology, Inc. (“Vishay Intertechnology”) on July 6, 2010. Mr. Shoshani was Chief Operating Officer of Vishay Intertechnology from January 1, 2007 to November 1, 2009, and had been Executive Vice President of Vishay Intertechnology from 2000 until the date of the spin-off, with various areas of responsibility, including Executive Vice President of the Capacitors and the Resistors businesses, as well as heading the Measurements Group and Foil Divisions. Mr. Shoshani was employed by Vishay Intertechnology from 1995 to 2010, and has been a member of the Vishay Intertechnology Board of Directors since 2001. He serves as Director at Vishay Semiconductor GmbH.
CEO Compensation
- Ziv's compensation has increased by more than 20% in the past year.
- Ziv's remuneration is higher than average for companies of similar size in United States of America.
Management Team
Ziv Shoshani
CEO, President & Director
$2M
51
8.7 yrs
William Clancy
Executive VP & CFO
$865K
55
Roland Desilets
VP, General Counsel & Corporate Secretary
$504K
56
Reynee Tung
Director of Global Marketing Communications
Amir Tal
Senior Vice President of Finance
Steven Klausner
VP & Treasurer
60
Dubi Zandman
Vice President of Weighing & Control Systems
66
Rafi Uzan
Vice President of Force Sensors
52
Yaron Kadim
Vice President - Vishay Foil Resistors
53
Benny Shaya
Vice President of Micro-Measurements Instruments & Pacific Instruments
Board of Directors Tenure
Average tenure and age of the Vishay Precision Group board of directors in years:
- The tenure for the Vishay Precision Group board of directors is about average.
Board of Directors
Marc Zandman
Non-Executive Chairman
$129K
56
8.7 yrs
Ziv Shoshani
CEO, President & Director
$2M
51
10.2 yrs
Tim Talbert
Director
$88K
71
9.2 yrs
Saul Reibstein
Director
$92K
70
9.2 yrs
Janet Clarke
Independent Director
$88K
65
2.9 yrs
Bruce Lerner
Independent Director
$67K
51
1.7 yrs
Wes Cummins
Independent Director
$67K
40
1.7 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 04. Sep 18 | Sell | William Clancy | Individual | 30. Aug 18 | 30. Aug 18 | -10,000 | $43.21 | $-432,137 | ||
| 28. Aug 18 | Sell | Ziv Shoshani | Individual | 24. Aug 18 | 27. Aug 18 | -21,161 | $44.90 | $-949,535 | ||
| 21. Aug 18 | Sell | Timothy Talbert | Individual | 20. Aug 18 | 20. Aug 18 | -3,000 | $44.00 | $-132,000 | ||
| 20. Aug 18 | Sell | Saul Reibstein | Individual | 16. Aug 18 | 17. Aug 18 | -5,000 | $42.02 | $-209,349 | ||
| 13. Aug 18 | Sell | Bruce Lerner | Individual | 10. Aug 18 | 10. Aug 18 | -1,125 | $43.63 | $-49,085 | ||
| 05. Jun 18 | Sell | Janet Clarke | Individual | 01. Jun 18 | 01. Jun 18 | -820 | $36.85 | $-30,217 | ||
| 25. May 18 | Sell | William Clancy | Individual | 23. May 18 | 23. May 18 | -10,000 | $35.45 | $-354,460 | ||
| 15. May 18 | Sell | Marc Zandman | Individual | 11. May 18 | 14. May 18 | -22,892 | $35.77 | $-816,462 | ||
Management checks
We assess Vishay Precision Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Vishay Precision Group 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.
VPG News
Simply Wall St News
Announcing: Vishay Precision Group (NYSE:VPG) Stock Increased An Energizing 166% In The Last Three Years
(NYSE:VPG) share price has soared 166% in the last three years. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … During three years of share price growth, Vishay Precision Group moved from a loss to profitability.
Simply Wall St - – Full articleAre Insiders Selling Vishay Precision Group, Inc. (NYSE:VPG) Stock?
So shareholders might well want to know whether insiders have been buying or selling shares in Vishay Precision Group, Inc. … The Last 12 Months Of Insider Transactions At Vishay Precision Group. … Over the last year we saw more insider selling of Vishay Precision Group shares, than buying
Simply Wall St - – Full articleWith A Return On Equity Of 11%, Has Vishay Precision Group, Inc.'s (NYSE:VPG) Management Done Well?
This article is for those who would like to learn about Return On Equity (ROE). … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.11. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleIs Vishay Precision Group, Inc. (NYSE:VPG) Overpaying Its CEO?
In 2010 Ziv Shoshani was appointed CEO of Vishay Precision Group, Inc. … View our latest analysis for Vishay Precision Group … How Does Ziv Shoshani's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleCould The Vishay Precision Group, Inc. (NYSE:VPG) Ownership Structure Tell Us Something Useful?
If you want to know who really controls Vishay Precision Group, Inc. … Vishay Precision Group is not a large company by global standards. … View our latest analysis for Vishay Precision Group
Simply Wall St - – Full articleDoes Vishay Precision Group, Inc. (NYSE:VPG) Have A Good P/E Ratio?
To keep it practical, we'll show how Vishay Precision Group, Inc.'s (NYSE:VPG) P/E ratio could help you assess the value on offer. … Based on the last twelve months, Vishay Precision Group's P/E ratio is 17.23. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleDoes The Vishay Precision Group, Inc. (NYSE:VPG) Share Price Fall With The Market?
In finance, Beta is a measure of volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.
Simply Wall St - – Full articleWhat Investors Should Know About Vishay Precision Group, Inc.'s (NYSE:VPG) Financial Strength
(NYSE:VPG) with its market cap of US$373m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.
Simply Wall St - – Full articleAt US$29.44, Is It Time To Put Vishay Precision Group, Inc. (NYSE:VPG) On Your Watch List?
Vishay Precision Group, Inc. … received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $41.8 at one point, and dropping to the lows of $29.44. … A question to answer is whether Vishay Precision Group's current trading price of $29.44 reflective of the actual value of the?
Simply Wall St - – Full articleWhy Vishay Precision Group Inc (NYSE:VPG) Could Be Your Next Investment
As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … is a company with great financial health as well as a.
Simply Wall St - – Full articleVPG Company Info
Description
Vishay Precision Group, Inc. designs, manufactures, and markets sensors, sensor-based measurement systems, specialty resistors, and strain gages in Asia, the United States, Israel, Europe, the United Kingdom, and Canada. It operates through three segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems. The company’s product portfolio includes foil resistors, foil strain gages, transducers, load cells, weighing modules, data acquisition systems, and weighing and control systems, as well as sensors that convert mechanical inputs into an electronic signal for display, processing, interpretation, or control by its instrumentation and system products. Its products are primarily used in the military and aerospace, medical, agricultural, steel, and construction sectors for application in waste management, bulk hauling, logging, scale manufacturing, engineering systems, pharmaceutical, oil, chemical, steel, paper, and food industries. The company markets and sells its products through original equipment manufacturers, electronic manufacturing services companies, and idistributors, as well as directly to end-use customers. Vishay Precision Group, Inc. was incorporated in 2009 and is headquartered in Malvern, Pennsylvania.
Details
| Name: | Vishay Precision Group, Inc. |
| VPG | |
| Exchange: | NYSE |
| Founded: | 2009 |
| $471,785,410 | |
| 13,491,147 | |
| Website: | http://vpgsensors.com |
| Address: |
Vishay Precision Group, Inc. 3 Great Valley Parkway, Suite 150, Malvern, Pennsylvania, 19355, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | VPG | Common Stock | New York Stock Exchange | US | USD | 23. Jun 2010 |
Number of employees
Current staff
Industry
| Electronic Equipment and Instruments | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/26 00:23 |
| End of day share price update: | 2019/03/25 00:00 |
| Last estimates confirmation: | 2019/02/21 |
| Last earnings filing: | 2019/03/14 |
| Last earnings reported: | 2018/12/31 |
| 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.
