NYSE:VSH

Stock Analysis Report

Vishay Intertechnology

Executive Summary

Vishay Intertechnology, Inc. manufactures and supplies discrete semiconductors and passive components in the United States, Europe, and Asia.

Snowflake

Fundamentals

Outstanding track record and undervalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

5.1%

VSH

4.0%

US Electronic

1.8%

US Market


1 Year Return

0.4%

VSH

13.3%

US Electronic

7.3%

US Market

Return vs Industry: VSH underperformed the US Electronic industry which returned 13.3% over the past year.

Return vs Market: VSH underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

VSHIndustryMarket
7 Day5.1%4.0%1.8%
30 Day2.9%1.1%-0.7%
90 Day14.2%4.2%0.06%
1 Year2.5%0.4%14.4%13.3%9.7%7.3%
3 Year37.3%30.7%54.7%50.4%46.3%36.9%
5 Year44.0%31.8%88.7%79.6%64.5%46.5%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

20.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: VSH ($18.3) is trading below our estimate of fair value ($22.91)

Significantly Undervalued: VSH is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: VSH is good value based on its PE Ratio (8.8x) compared to the Electronic industry average (19.2x).

PE vs Market: VSH is good value based on its PE Ratio (8.8x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: VSH is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: VSH is good value based on its PB Ratio (1.8x) compared to the US Electronic industry average (2x).


Next Steps

Future Growth

How is Vishay Intertechnology forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

11.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VSH's forecast earnings growth (11.2% per year) is above the savings rate (2.7%).

Earnings vs Market: VSH's earnings (11.2% per year) are forecast to grow slower than the US market (14.6% per year).

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

Revenue vs Market: VSH's revenue (3.3% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: VSH's revenue (3.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: VSH's Return on Equity is forecast to be low in 3 years time (14.7%).


Next Steps

Past Performance

How has Vishay Intertechnology performed over the past 5 years?

27.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: VSH's earnings have grown significantly by 27.4% per year over the past 5 years.

Accelerating Growth: VSH's earnings growth over the past year (480.8%) exceeds its 5-year average (27.4% per year).

Earnings vs Industry: VSH earnings growth over the past year (480.8%) exceeded the Electronic industry 58.6%.


Return on Equity

High ROE: VSH's Return on Equity (20.2%) is considered high.


Return on Assets

ROA vs Industry: VSH has a higher Return on Assets than the Electronic industry average last year.


Return on Capital Employed

ROCE Improving: VSH has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Vishay Intertechnology's financial position?


Financial Position Analysis

Short Term Liabilities: VSH's short term assets ($1.7B) exceeds its short term liabilities ($511.6M)

Long Term Liabilities: VSH's short term assets (1.7B) exceeds its long term liabilities (1.2B)


Debt to Equity History and Analysis

Debt Level: VSH's debt to equity ratio (34.8%) is considered satisfactory

Reducing Debt: VSH's debt to equity ratio has increased from 20.4% to 34.8% over the past 5 years.

Debt Coverage: VSH's debt is well covered by operating cash flow (68.5%).

Interest Coverage: VSH's interest payments on its debt are well covered by EBIT (16.8x coverage).


Balance Sheet

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

Debt Coverage by Assets: VSH's debt is covered by short term assets (assets are 3.357150x debt).


Next Steps

Dividend

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

2.08%

Current Dividend Yield


Dividend Yield vs Market

company2.1%marketbottom25%1.5%markettop25%3.7%industryaverage1.5%forecastin3Years2.0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: VSH's dividend (2.08%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: VSH's dividend (2.08%) is low compared to the top 25% of dividend payers in the US market (3.72%).

Stable Dividend: Whilst dividend payments have been stable, VSH has been paying a dividend for less than 10 years.

Growing Dividend: VSH's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.8%), VSH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: VSH's dividends in 3 years are forecast to be well covered by earnings (17.1% payout ratio).


Next Steps

Management

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

8.1yrs

Average management tenure


CEO

Gerald Paul (70yo)

14.8yrs

Tenure

US$7,106,112

Compensation

Dr. Gerald Paul serves as the Chief Executive Officer, President and Chief Operating Officer at Vishay Semiconductor GmbH. Dr. Paul has been the Chief Executive Officer of Vishay Intertechnology Inc. since ...


CEO Compensation Analysis

Compensation vs. Market: Gerald's total compensation ($USD7.11M) is about average for companies of similar size in the US market ($USD5.11M).

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


Management Age and Tenure

8.1yrs

Average Tenure

60.5yo

Average Age

Experienced Management: VSH's management team is seasoned and experienced (8.1 years average tenure).


Board Age and Tenure

15.4yrs

Average Tenure

70yo

Average Age

Experienced Board: VSH's board of directors are seasoned and experienced ( 15.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$139,65708 Mar 19
Frank Maier
EntityIndividual
Shares6,421
Max PriceUS$21.75
SellUS$1,867,69905 Mar 19
Marc Zandman
EntityIndividual
Role
Chairman of the Board
Executive Chairman & Chief Business Development Officer
Shares85,361
Max PriceUS$21.88
SellUS$1,436,82005 Mar 19
Gerald Paul
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares66,000
Max PriceUS$21.77
SellUS$71,21913 Dec 18
Ziv Shoshani
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,520.46
Max PriceUS$20.23
SellUS$295,50011 Dec 18
Thomas Wertheimer
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares15,000
Max PriceUS$19.70

Ownership Breakdown


Management Team

  • Gerald Paul (70yo)

    CEO, President & Director

    • Tenure: 14.8yrs
    • Compensation: US$7.11m
  • Lori Lipcaman (61yo)

    Executive VP & CFO

    • Tenure: 8.1yrs
    • Compensation: US$1.32m
  • Marc Zandman (57yo)

    Executive Chairman & Chief Business Development Officer

    • Tenure: 8.3yrs
    • Compensation: US$5.78m
  • Peter Henrici

    Senior VP of Corporate Communications & Corporate Secretary

    • Tenure: 0yrs
  • Johan Vandoorn (62yo)

    Executive VP & CTO

    • Tenure: 8.2yrs
    • Compensation: US$1.45m
  • David Valletta (58yo)

    Executive Vice President of Worldwide Sales

    • Tenure: 12.8yrs
    • Compensation: US$899.67k
  • Clarence Tse (61yo)

    Executive VP & Business Head of Semiconductors

    • Tenure: 2.8yrs
    • Compensation: US$1.40m
  • Joel Smejkal (52yo)

    Executive VP & Business Head of Passive Components

    • Tenure: 2.8yrs
  • Werner Gebhardt (60yo)

    Executive Vice President of Global Human Resources

    • Tenure: 2.8yrs
  • Michael O’Sullivan

    Senior VP

    • Tenure: 0yrs

Board Members

  • Ronald Ruzic (80yo)

    Independent Director

    • Tenure: 10.8yrs
    • Compensation: US$238.57k
  • Gerald Paul (70yo)

    CEO, President & Director

    • Tenure: 14.8yrs
    • Compensation: US$7.11m
  • Ziv Shoshani (52yo)

    Director

    • Tenure: 18.8yrs
    • Compensation: US$223.57k
  • Marc Zandman (57yo)

    Executive Chairman & Chief Business Development Officer

    • Tenure: 8.3yrs
    • Compensation: US$5.78m
  • Ruta Zandman (81yo)

    Non-Employee Director

    • Tenure: 18.8yrs
    • Compensation: US$373.57k
  • Abraham Ludomirski (67yo)

    Independent Director

    • Tenure: 16.8yrs
    • Compensation: US$243.57k
  • Tim Talbert (72yo)

    Independent Director

    • Tenure: 6.8yrs
    • Compensation: US$238.57k
  • Thomas Wertheimer (79yo)

    Independent Director

    • Tenure: 15.4yrs
    • Compensation: US$258.57k
  • Raanan Zilberman (57yo)

    Independent Director

    • Tenure: 2.7yrs
    • Compensation: US$223.57k

Company Information

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


Key Information

  • Name: Vishay Intertechnology, Inc.
  • Ticker: VSH
  • Exchange: NYSE
  • Founded: 1962
  • Industry: Electronic Components
  • Sector: Tech
  • Market Cap: US$2.643b
  • Shares outstanding: 144.45m
  • Website: https://www.vishay.com

Number of Employees


Location

  • Vishay Intertechnology, Inc.
  • 63 Lancaster Avenue
  • Malvern
  • Pennsylvania
  • 19355
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VSHNYSE (New York Stock Exchange)YesCommon StockUSUSDMay 1974
VHYDB (Deutsche Boerse AG)YesCommon StockDEEURMay 1974

Biography

Vishay Intertechnology, Inc. manufactures and supplies discrete semiconductors and passive components in the United States, Europe, and Asia. The Metal Oxide Semiconductor Field Effect Transistors (MOSFETs ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 23:46
End of Day Share Price2019/10/17 00:00
Earnings2019/06/29
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.