NYSE:VPG

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Vishay Precision Group

Executive Summary

Vishay Precision Group, Inc. designs, manufactures, and markets sensors, sensor-based measurement systems, specialty resistors, and strain gages in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada.


Snowflake Analysis

Excellent balance sheet and fair value.


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

-3.1%

VPG

2.3%

US Electronic

4.3%

US Market


1 Year Return

-40.7%

VPG

0.9%

US Electronic

7.4%

US Market

Return vs Industry: VPG underperformed the US Electronic industry which returned -2.9% over the past year.

Return vs Market: VPG underperformed the US Market which returned 5% over the past year.


Shareholder returns

VPGIndustryMarket
7 Day-3.1%2.3%4.3%
30 Day-9.5%-5.2%0.5%
90 Day6.1%25.5%23.0%
1 Year-40.7%-40.7%2.0%0.9%9.7%7.4%
3 Year36.2%36.2%19.7%16.4%38.3%29.2%
5 Year66.3%66.3%61.8%54.5%66.0%47.6%

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?

18.68x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: VPG ($23.83) is trading above our estimate of fair value ($8.25)

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


Price To Earnings Ratio

PE vs Industry: VPG is good value based on its PE Ratio (18.7x) compared to the Electronic industry average (20.1x).

PE vs Market: VPG is poor value based on its PE Ratio (18.7x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

PEG Ratio: VPG is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: VPG is good value based on its PB Ratio (1.4x) compared to the US Electronic industry average (1.8x).


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?

19.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VPG's forecast earnings growth (19.1% per year) is above the savings rate (2.2%).

Earnings vs Market: VPG's earnings (19.1% per year) are forecast to grow slower than the US market (22.8% per year).

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

Revenue vs Market: VPG's revenue (2.1% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: VPG's revenue (2.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

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

51.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VPG has high quality earnings.

Growing Profit Margin: VPG's current net profit margins (6.3%) are lower than last year (8.9%).


Past Earnings Growth Analysis

Earnings Trend: VPG's earnings have grown significantly by 51.3% 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 (-35.8%) over the past year, making it difficult to compare to the Electronic industry average (-6.6%).


Return on Equity

High ROE: VPG's Return on Equity (7.2%) is considered low.


Next Steps

Financial Health

How is Vishay Precision Group's financial position?


Financial Position Analysis

Short Term Liabilities: VPG's short term assets ($210.3M) exceed its short term liabilities ($47.5M).

Long Term Liabilities: VPG's short term assets ($210.3M) exceed its long term liabilities ($78.2M).


Debt to Equity History and Analysis

Debt Level: VPG's debt to equity ratio (17%) is considered satisfactory.

Reducing Debt: VPG's debt to equity ratio has increased from 11% to 17% over the past 5 years.

Debt Coverage: VPG's debt is well covered by operating cash flow (71.5%).

Interest Coverage: VPG's interest payments on its debt are well covered by EBIT (24.2x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

How experienced are the management team and are they aligned to shareholders interests?

10.0yrs

Average board tenure


CEO

Ziv Shoshani (53yo)

10yrs

Tenure

US$2,621,444

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 ($USD2.62M) is about average for companies of similar size in the US market ($USD2.15M).

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


Board Members

NamePositionTenureCompensationOwnership
Ziv Shoshani
CEO, President & Director10yrsUS$2.62m1.22% $4.0m
Janet Clarke
Independent Director4.25yrsUS$100.87k0.064% $205.6k
Marc Zandman
Non-Executive Chairman10yrsUS$130.87k4.58% $14.8m
Timothy Talbert
Independent Director10.5yrsUS$100.87k0.11% $340.1k
Wesley Cummins
Independent Director3yrsUS$90.87k0.010% $32.8k
Saul Reibstein
Independent Director10.5yrsUS$105.87k0.094% $302.6k
Bruce Lerner
Independent Director3yrsUS$90.87k0.043% $137.9k

10.0yrs

Average Tenure

58yo

Average Age

Experienced Board: VPG's board of directors are seasoned and experienced ( 10 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

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$323.304m
  • Shares outstanding: 13.57m
  • 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 the United States, Israel, the United Kingdom, rest of Europe, Asia, 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 offers its products under the Alpha Electronics, Powertron, Vishay Foil Resistors, Celtron, Revere, Sensortronics, Tedea-Huntleigh, Pacific Instruments, BLH Nobel, KELK, VPG Onboard Weighing, Gleeble, and Micro-Measurements brands. It sells its products through original equipment manufacturers, end-users, distributors, and electronic manufacturing services channels. Vishay Precision Group, Inc. was incorporated in 2009 and is headquartered in Malvern, Pennsylvania. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/07 00:03
End of Day Share Price2020/07/06 00:00
Earnings2020/03/28
Annual Earnings2019/12/31


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.