NYSE:VPG

Stock Analysis Report

Vishay Precision Group

Executive Summary

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.

Rewards

Earnings are forecast to grow 11.25% per year

Risk Analysis

VPG passed our risk checks.


Snowflake Analysis

Flawless balance sheet with questionable track record.


Similar Companies

Share Price & News

How has Vishay Precision Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VPG has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.4%

VPG

-0.2%

US Electronic

0.03%

US Market


1 Year Return

14.8%

VPG

24.2%

US Electronic

18.6%

US Market

Return vs Industry: VPG underperformed the US Electronic industry which returned 24.2% over the past year.

Return vs Market: VPG underperformed the US Market which returned 18.6% over the past year.


Shareholder returns

VPGIndustryMarket
7 Day-0.4%-0.2%0.03%
30 Day-1.4%-0.008%1.7%
90 Day1.5%9.7%5.7%
1 Year14.8%14.8%25.5%24.2%21.1%18.6%
3 Year80.4%80.4%45.3%41.3%45.6%36.2%
5 Year104.5%104.5%84.4%75.4%71.1%52.3%

Price Volatility Vs. Market

How volatile is Vishay Precision Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Vishay Precision Group undervalued compared to its fair value and its price relative to the market?

21.29x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VPG ($34.28) is trading above our estimate of fair value ($20.38)

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


Price To Earnings Ratio

PE vs Industry: VPG is poor value based on its PE Ratio (21.3x) compared to the Electronic industry average (21.1x).

PE vs Market: VPG is poor value based on its PE Ratio (21.3x) compared to the US market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: VPG is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: VPG is good value based on its PB Ratio (2x) compared to the US Electronic industry average (2.1x).


Next Steps

Future Growth

How is Vishay Precision Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

11.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VPG's forecast earnings growth (11.2% per year) is above the savings rate (1.7%).

Earnings vs Market: VPG's earnings (11.2% per year) are forecast to grow slower than the US market (14.2% per year).

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

Revenue vs Market: VPG's revenue (2.2% per year) is forecast to grow slower than the US market (7.4% per year).

High Growth Revenue: VPG's revenue (2.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VPG's Return on Equity is forecast to be low in 3 years time (10.2%).


Next Steps

Past Performance

How has Vishay Precision Group performed over the past 5 years?

49.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VPG has high quality earnings.

Growing Profit Margin: VPG's current net profit margins (7.4%) are lower than last year (8.4%).


Past Earnings Growth Analysis

Earnings Trend: VPG's earnings have grown significantly by 49.7% per year over the past 5 years.

Accelerating Growth: VPG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: VPG had negative earnings growth (-11.9%) over the past year, making it difficult to compare to the Electronic industry average (53.7%).


Return on Equity

High ROE: VPG's Return on Equity (9.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Vishay Precision Group's financial position?


Financial Position Analysis

Short Term Liabilities: VPG's short term assets ($224.9M) exceed its short term liabilities ($51.5M).

Long Term Liabilities: VPG's short term assets ($224.9M) exceed its long term liabilities ($56.6M).


Debt to Equity History and Analysis

Debt Level: VPG's debt to equity ratio (10%) is considered satisfactory.

Reducing Debt: VPG's debt to equity ratio has reduced from 11.4% to 10% over the past 5 years.

Debt Coverage: VPG's debt is well covered by operating cash flow (177.6%).

Interest Coverage: VPG's interest payments on its debt are well covered by EBIT (45.4x coverage).


Balance Sheet

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

Debt Coverage by Assets: VPG's debt is covered by short term assets (assets are 9.5x debt).


Next Steps

Dividend

What is Vishay Precision Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

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

9.4yrs

Average board tenure


CEO

Ziv Shoshani (52yo)

9.4yrs

Tenure

US$2,865,996

Compensation

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 Intertechn ...


CEO Compensation Analysis

Compensation vs Market: Ziv's total compensation ($USD2.87M) is above average for companies of similar size in the US market ($USD1.71M).

Compensation vs Earnings: Ziv's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Board Age and Tenure

9.4yrs

Average Tenure

57yo

Average Age

Experienced Board: VPG's board of directors are considered experienced (9.4 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellUS$42,63819 Nov 19
Nokomis Capital, L.L.C.
EntityCompany
Shares1,214
Max PriceUS$35.12
SellUS$690,84614 Nov 19
Nokomis Capital, L.L.C.
EntityCompany
Shares19,688
Max PriceUS$35.24
SellUS$1,064,41512 Nov 19
Nokomis Capital, L.L.C.
EntityCompany
Shares29,810
Max PriceUS$36.40
BuyUS$14,05208 Nov 19
Bruce Lerner
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares400
Max PriceUS$35.13
SellUS$54,15031 May 19
Saul Reibstein
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,500
Max PriceUS$36.10
SellUS$80,00016 May 19
Timothy Talbert
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,000
Max PriceUS$40.00

Ownership Breakdown

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


Management Team

  • Ziv Shoshani (52yo)

    CEO, President & Director

    • Tenure: 9.4yrs
    • Compensation: US$2.87m
  • Steven Klausner (61yo)

    VP & Treasurer

    • Tenure: 0yrs
  • William Clancy (56yo)

    Executive VP

    • Tenure: 0yrs
    • Compensation: US$968.25k
  • Steve Cantor

    Senior Director of Investor Relations

    • Tenure: 0yrs
  • Dubi Zandman (67yo)

    Vice President of Weighing & Control Systems

    • Tenure: 0yrs
  • Rafi Uzan (53yo)

    Vice President of Force Sensors

    • Tenure: 0yrs
  • Yaron Kadim (54yo)

    Vice President of VPG Foil Resistors

    • Tenure: 0yrs
  • Amir Tal

    Senior Vice President of Finance

    • Tenure: 0yrs
  • Benny Shaya

    Vice President of Micro-Measurements Instruments & Pacific Instruments

    • Tenure: 0yrs
  • Reynee Tung

    Director of Global Marketing Communications

    • Tenure: 0yrs

Board Members

  • Janet Clarke (66yo)

    Independent Director

    • Tenure: 3.7yrs
    • Compensation: US$100.76k
  • Ziv Shoshani (52yo)

    CEO, President & Director

    • Tenure: 9.4yrs
    • Compensation: US$2.87m
  • Marc Zandman (57yo)

    Non-Executive Chairman

    • Tenure: 9.4yrs
    • Compensation: US$130.76k
  • Tim Talbert (72yo)

    Independent Director

    • Tenure: 9.9yrs
    • Compensation: US$100.76k
  • Wes Cummins (41yo)

    Independent Director

    • Tenure: 2.4yrs
    • Compensation: US$90.76k
  • Saul Reibstein (71yo)

    Independent Director

    • Tenure: 9.9yrs
    • Compensation: US$105.76k
  • Bruce Lerner (53yo)

    Independent Director

    • Tenure: 2.4yrs
    • Compensation: US$90.76k

Company Information

Vishay Precision Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Vishay Precision Group, Inc.
  • Ticker: VPG
  • Exchange: NYSE
  • Founded: 2009
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: US$455.316m
  • Shares outstanding: 13.52m
  • Website: https://vpgsensors.com

Number of Employees


Location

  • Vishay Precision Group, Inc.
  • 3 Great Valley Parkway
  • Suite 150
  • Malvern
  • Pennsylvania
  • 19355
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VPGNYSE (New York Stock Exchange)YesCommon StockUSUSDJun 2010

Biography

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 Kingd ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/08 00:07
End of Day Share Price2019/12/06 00:00
Earnings2019/09/28
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.