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Vishay Precision Group

NYSE:VPG
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VPG
NYSE
$545M
Market Cap
  1. Home
  2. US
  3. Tech
Company 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. The last earnings update was 9 days ago. More info.


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VPG Share Price and Events
7 Day Returns
1%
NYSE:VPG
-6.6%
US Electronic
-3.9%
US Market
1 Year Returns
11.9%
NYSE:VPG
-0%
US Electronic
1.4%
US Market
VPG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vishay Precision Group (VPG) 1% 5.4% 19.5% 11.9% 210% 156.7%
US Electronic -6.6% -9.3% -1.3% -0% 60.1% 56.1%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • VPG outperformed the Electronic industry which returned -0% over the past year.
  • VPG outperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
VPG
Industry
5yr Volatility vs Market

VPG Value

 Is Vishay Precision Group 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 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Vishay Precision Group.

NYSE:VPG Discounted Cash Flow Data Sources
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 9.2%
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 NYSE:VPG
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 1.06
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.06 (1 + (1- 21%) (6.62%))
1.077
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% + (1.077 * 5.96%)
9.15%

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.

NYSE:VPG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.15%)
2019 8.76 Analyst x2 8.03
2020 23.63 Analyst x2 19.83
2021 26.13 Est @ 10.56% 20.09
2022 28.27 Est @ 8.21% 19.92
2023 30.13 Est @ 6.57% 19.44
2024 31.76 Est @ 5.41% 18.78
2025 33.22 Est @ 4.61% 18.00
2026 34.56 Est @ 4.05% 17.16
2027 35.83 Est @ 3.65% 16.29
2028 37.04 Est @ 3.37% 15.43
Present value of next 10 years cash flows $172.96
NYSE:VPG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $37.04 × (1 + 2.73%) ÷ (9.15% – 2.73%)
$592.50
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $592.50 ÷ (1 + 9.15%)10
$246.83
NYSE:VPG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $172.96 + $246.83
$419.79
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $419.79 / 13.51
$31.06
NYSE:VPG Discount to Share Price
Calculation Result
Value per share (USD) From above. $31.06
Current discount Discount to share price of $40.30
= -1 x ($40.30 - $31.06) / $31.06
-29.7%

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.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
NYSE:VPG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-30) in USD $2.00
NYSE:VPG Share Price ** NYSE (2019-05-15) in USD $40.3
United States of America Electronic Industry PE Ratio Median Figure of 91 Publicly-Listed Electronic Companies 19.36x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

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

** Primary Listing of Vishay Precision Group.

NYSE:VPG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:VPG Share Price ÷ EPS (both in USD)

= 40.3 ÷ 2.00

20.19x

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?
Raw Data
NYSE:VPG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
15.1%per year
United States of America Electronic Industry PEG Ratio Median Figure of 58 Publicly-Listed Electronic Companies 1.3x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NYSE:VPG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.19x ÷ 15.1%

1.34x

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?
Raw Data
NYSE:VPG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-30) in USD $16.86
NYSE:VPG Share Price * NYSE (2019-05-15) in USD $40.3
United States of America Electronic Industry PB Ratio Median Figure of 141 Publicly-Listed Electronic Companies 2.03x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NYSE:VPG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:VPG Share Price ÷ Book Value per Share (both in USD)

= 40.3 ÷ 16.86

2.39x

* 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.
X
Value checks
We assess Vishay Precision Group'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. 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

 How is Vishay Precision Group expected to perform in the next 1 to 3 years based on estimates from 2 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
15.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vishay Precision Group expected to grow at an attractive rate?
  • 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
Raw Data
NYSE:VPG Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:VPG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 15.1%
NYSE:VPG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 4%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 6%
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
NYSE:VPG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:VPG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 323 42 35 2
2019-12-31 306 37 31 2
NYSE:VPG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-30 303 42 27
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.

Super high growth metrics
High Growth Checks
  • Vishay Precision Group's earnings are expected to grow by 15.1% yearly, however this is not considered high growth (20% yearly).
  • Vishay Precision Group's revenue is expected to grow by 4% 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
NYSE:VPG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month 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 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:VPG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.58 2.75 2.40 2.00
2019-12-31 2.28 2.32 2.23 2.00
NYSE:VPG Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-30 2.00
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.
  • Unable to establish if Vishay Precision Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Vishay Precision Group'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.
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
Below we compare Vishay Precision Group'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.
  • 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 (55.5% vs 42.7%)
  • Vishay Precision Group's earnings growth has not exceeded the US Electronic industry average in the past year (55.5% vs 57.7%).
Earnings and Revenue History
Vishay Precision Group'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 Vishay Precision Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:VPG Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-30 303.23 26.90 82.71
2018-12-31 299.79 23.65 82.62
2018-09-29 292.25 24.70 79.29
2018-06-30 279.57 21.41 77.98
2018-03-31 267.65 17.34 77.11
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

*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).
X
Past performance checks
We assess Vishay Precision Group'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.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Vishay Precision Group'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 6.2x 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 Vishay Precision Group Company Filings, last reported 1 month ago.

NYSE:VPG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-30 227.88 36.06 93.14
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
  • Vishay Precision Group's level of debt (15.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (12.7% vs 15.8% today).
  • Debt is well covered by operating cash flow (115.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 38.5x coverage).
X
Financial health checks
We assess Vishay Precision Group'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. Vishay Precision Group has a total score of 5/6, 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.

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
Dividend payments
0%
Current annual income from Vishay Precision Group dividends.
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
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?
  • 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.
Raw Data
NYSE:VPG 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 2 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 37 Stocks 1.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
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.

NYSE:VPG Future Dividends Estimate Data
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.
Current Payout to shareholders
What portion of Vishay Precision Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Vishay Precision Group has not reported any payouts.
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 Vishay Precision Group'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 Vishay Precision Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 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

 What is the CEO of Vishay Precision Group'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
Ziv Shoshani
COMPENSATION $2,865,996
AGE 51
TENURE AS CEO 8.8 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

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
51
TENURE
8.8 yrs

William Clancy

TITLE
Executive VP
COMPENSATION
$968K
AGE
55

Reynee Tung

TITLE
Director of Global Marketing Communications

Amir Tal

TITLE
Senior Vice President of Finance

Steven Klausner

TITLE
VP & Treasurer
AGE
60

Dubi Zandman

TITLE
Vice President of Weighing & Control Systems
AGE
66

Rafi Uzan

TITLE
Vice President of Force Sensors
AGE
52

Yaron Kadim

TITLE
Vice President of VPG Foil Resistors
AGE
53

Benny Shaya

TITLE
Vice President of Micro-Measurements Instruments & Pacific Instruments

Gilad Yaron

TITLE
Vice President of Advanced Sensors
Board of Directors Tenure

Average tenure and age of the Vishay Precision Group board of directors in years:

8.8
Average Tenure
56
Average Age
  • The tenure for the Vishay Precision Group board of directors is about average.
Board of Directors

Marc Zandman

TITLE
Non-Executive Chairman
COMPENSATION
$131K
AGE
56
TENURE
8.8 yrs

Ziv Shoshani

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
51
TENURE
10.3 yrs

Tim Talbert

TITLE
Director
COMPENSATION
$101K
AGE
71
TENURE
9.3 yrs

Saul Reibstein

TITLE
Director
COMPENSATION
$106K
AGE
70
TENURE
9.3 yrs

Janet Clarke

TITLE
Independent Director
COMPENSATION
$101K
AGE
65
TENURE
3.1 yrs

Bruce Lerner

TITLE
Independent Director
COMPENSATION
$91K
AGE
52
TENURE
1.8 yrs

Wes Cummins

TITLE
Independent Director
COMPENSATION
$91K
AGE
40
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) 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
X
Management checks
We assess Vishay Precision Group'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. 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

Does This Valuation Of Vishay Precision Group, Inc. (NYSE:VPG) Imply Investors Are Overpaying?

A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value: 10-year free cash flow (FCF) estimate 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $8.76 $23.63 $26.13 $28.27 $30.13 $31.76 $33.22 $34.56 $35.83 $37.04 Growth Rate Estimate Source Analyst x2 Analyst x2 Est @ 10.56% Est @ 8.21% Est @ 6.57% Est @ 5.41% Est @ 4.61% Est @ 4.05% Est @ 3.65% Est @ 3.37% Present Value ($, Millions) Discounted @ 9.15% $8.03 $19.83 $20.09 $19.92 $19.45 $18.78 $18.00 $17.16 $16.29 $15.43 Present Value of 10-year Cash Flow (PVCF)= $172.98m "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$37m × (1 + 2.7%) ÷ (9.2% – 2.7%) = US$593m Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$593m ÷ ( 1 + 9.2%)10 = $246.91m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is $419.89m. … NYSE:VPG Intrinsic value, May 14th 2019 Important assumptions We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

How Does Vishay Precision Group, Inc. (NYSE:VPG) Affect Your Portfolio Volatility?

The second type is the broader market volatility, which you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks on the market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Do Vishay Precision Group's (NYSE:VPG) Earnings Warrant Your Attention?

So if you're like me, you might be more interested in profitable, growing companies, like Vishay Precision Group (NYSE:VPG). … Over the last three years, Vishay Precision Group has grown earnings per share (EPS) like bamboo after rain; fast, and from a low base. … Like a falcon taking flight, Vishay Precision Group's EPS soared from US$1.08 to US$1.76, over the last year.

Simply Wall St -

Is Vishay Precision Group, Inc. (NYSE:VPG) A Financially Sound Company?

Investors are always looking for growth in small-cap stocks like Vishay Precision Group, Inc. … However, an important fact which most ignore is: how financially healthy is the business? … The following basic checks can help you get a picture of the company's balance sheet strength.

Simply Wall St -

Is Now The Time To Look At Buying Vishay Precision Group, Inc. (NYSE:VPG)?

Vishay Precision Group, Inc. … Less-covered, small caps tend to present more of an opportunity for mispricing due to the lack of information available to the public, which can be a good thing? … Today I will analyse the most recent data on Vishay Precision Group’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

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 -

Are 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 -

With 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 -

Is 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 -

Could 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 -

VPG 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
$544,598,039
13,513,599
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
Staff numbers
2,600
Vishay Precision Group employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 02:16
End of day share price update: 2019/05/15 00:00
Last estimates confirmation: 2019/05/08
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/30
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.