Vishay Intertechnology
Vishay Intertechnology, Inc. manufactures and supplies discrete semiconductors and passive components in the United States, Europe, and Asia. The last earnings update was 33 days ago. More info.
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VSH Share Price and Events
7 Day Returns
1 Year Returns
VSH Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Vishay Intertechnology (VSH) | -2.9% | -11.9% | 9.8% | 2.7% | 61.8% | 36.1% |
| US Electronic | 0.7% | 1.1% | 21.2% | -0.3% | 59.3% | 59.2% |
| US Market | 1.2% | 2.1% | 14.6% | 3% | 39% | 43.5% |
1 Year Return vs Industry and Market
- VSH outperformed the Electronic industry which returned -0.3% over the past year.
VSH 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 Intertechnology
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 Intertechnology.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 5 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.6% |
| 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))
= 1.071 (1 + (1- 21%) (17.29%)) |
1.146 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.15 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.146 * 5.96%) |
9.56% |
Discounted Cash Flow Calculation for NYSE:VSH using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Vishay Intertechnology 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 (@ 9.56%) |
|
|---|---|---|---|
| 2019 | 258.00 | Analyst x1 | 235.49 |
| 2020 | 283.87 | Est @ 10.03% | 236.50 |
| 2021 | 306.12 | Est @ 7.84% | 232.79 |
| 2022 | 325.42 | Est @ 6.31% | 225.88 |
| 2023 | 342.44 | Est @ 5.23% | 216.96 |
| 2024 | 357.79 | Est @ 4.48% | 206.91 |
| 2025 | 371.95 | Est @ 3.96% | 196.33 |
| 2026 | 385.29 | Est @ 3.59% | 185.63 |
| 2027 | 398.13 | Est @ 3.33% | 175.08 |
| 2028 | 410.67 | Est @ 3.15% | 164.84 |
| Present value of next 10 years cash flows | $2,076.42 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $410.67 × (1 + 2.73%) ÷ (9.56% – 2.73%) |
$6,179.23 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $6,179.23 ÷ (1 + 9.56%)10 |
$2,480.37 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $2,076.42 + $2,480.37 |
$4,556.79 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $4,556.79 / 144.32 |
$31.57 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $31.57 |
| Current discount | Discount to share price of
$19.82
= -1 x ($19.82 - $31.57) / $31.57 |
37.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Vishay Intertechnology's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Vishay Intertechnology's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 Intertechnology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Vishay Intertechnology'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 | $2.39 |
| NYSE:VSH Share Price ** | NYSE (2019-03-20) in USD | $19.82 |
| United States of America Electronic Industry PE Ratio | Median Figure of 92 Publicly-Listed Electronic Companies | 19.54x |
| United States of America Market PE Ratio | Median Figure of 3,058 Publicly-Listed Companies | 17.69x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Vishay Intertechnology.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:VSH Share Price ÷ EPS (both in USD) = 19.82 ÷ 2.39 |
8.28x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Vishay Intertechnology is good value based on earnings compared to the US Electronic industry average.
- Vishay Intertechnology is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Vishay Intertechnology's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 8.28x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts |
-4.9%per year |
| United States of America Electronic Industry PEG Ratio | Median Figure of 60 Publicly-Listed Electronic Companies | 1.54x |
| United States of America Market PEG Ratio | Median Figure of 2,103 Publicly-Listed Companies | 1.48x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 8.28x ÷ -4.9% |
-1.69x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Vishay Intertechnology earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Vishay Intertechnology's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $9.59 |
| NYSE:VSH Share Price * | NYSE (2019-03-20) in USD | $19.82 |
| United States of America Electronic Industry PB Ratio | Median Figure of 151 Publicly-Listed Electronic Companies | 2.1x |
| United States of America Market PB Ratio | Median Figure of 5,156 Publicly-Listed Companies | 1.89x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:VSH Share Price ÷ Book Value per Share (both in USD) = 19.82 ÷ 9.59 |
2.07x |
* Primary Listing of Vishay Intertechnology.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Vishay Intertechnology is good value based on assets compared to the US Electronic industry average.
Value checks
We assess Vishay Intertechnology'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 Intertechnology has a total score of 4/6, 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.
VSH 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 Intertechnology's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- Vishay Intertechnology's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
- Vishay Intertechnology'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:VSH Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts | -4.9% |
| NYSE:VSH Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts | 3% |
| 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 | 14.3% |
| 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 5 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2020-12-31 | 3,225 | 316 | 4 | |
| 2019-12-31 | 3,086 | 448 | 314 | 5 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 3,035 | 259 | 346 |
| 2018-09-29 | 2,936 | 232 | 66 |
| 2018-06-30 | 2,833 | 279 | 52 |
| 2018-03-31 | 2,716 | 372 | 5 |
| 2017-12-31 | 2,599 | 369 | -20 |
| 2017-09-30 | 2,497 | 329 | 109 |
| 2017-07-01 | 2,411 | 329 | 81 |
| 2017-04-01 | 2,358 | 319 | 57 |
| 2016-12-31 | 2,317 | 297 | 49 |
| 2016-10-01 | 2,309 | 305 | -40 |
| 2016-07-02 | 2,277 | 248 | -104 |
| 2016-04-02 | 2,278 | 253 | -111 |
*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 5 Analyst Estimates (S&P Global) | See Below |
All data from Vishay Intertechnology 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 | 2.16 | 2.36 | 2.01 | 3.00 |
| 2019-12-31 | 2.15 | 2.25 | 2.05 | 4.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 2.39 |
| 2018-09-29 | 0.46 |
| 2018-06-30 | 0.36 |
| 2018-03-31 | 0.04 |
| 2017-12-31 | -0.14 |
| 2017-09-30 | 0.74 |
| 2017-07-01 | 0.55 |
| 2017-04-01 | 0.39 |
| 2016-12-31 | 0.33 |
| 2016-10-01 | -0.27 |
| 2016-07-02 | -0.71 |
| 2016-04-02 | -0.75 |
*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 Intertechnology will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Vishay Intertechnology'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 Intertechnology has a total score of 0/6, 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.
VSH Past Performance
How has Vishay Intertechnology 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 Intertechnology's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- Vishay Intertechnology has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
- Vishay Intertechnology has become profitable in the last year making it difficult to compare the US Electronic industry average.
Earnings and Revenue History
All data from Vishay Intertechnology 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 | 3,034.69 | 345.76 | 406.93 | |
| 2018-09-29 | 2,936.41 | 65.68 | 397.99 | |
| 2018-06-30 | 2,833.38 | 52.21 | 390.89 | |
| 2018-03-31 | 2,715.52 | 5.30 | 372.42 | |
| 2017-12-31 | 2,599.37 | -20.34 | 366.25 | |
| 2017-09-30 | 2,496.73 | 108.57 | 358.29 | |
| 2017-07-01 | 2,410.74 | 80.60 | 357.41 | |
| 2017-04-01 | 2,357.63 | 57.50 | 358.09 | |
| 2016-12-31 | 2,317.33 | 48.79 | 361.24 | |
| 2016-10-01 | 2,308.54 | -40.28 | 347.53 | |
| 2016-07-02 | 2,277.24 | -104.38 | 340.32 | |
| 2016-04-02 | 2,277.66 | -111.20 | 337.31 | |
| 2015-12-31 | 2,300.49 | -108.51 | 340.40 | |
| 2015-10-03 | 2,355.32 | 58.51 | 368.42 | |
| 2015-07-04 | 2,432.88 | 113.14 | 374.48 | |
| 2015-04-04 | 2,484.34 | 122.52 | 382.14 | |
| 2014-12-31 | 2,493.28 | 117.63 | 366.40 | |
| 2014-09-27 | 2,498.69 | 118.44 | 367.75 | |
| 2014-06-28 | 2,463.37 | 124.19 | 364.85 | |
| 2014-03-29 | 2,419.10 | 119.86 | 360.73 | |
| 2013-12-31 | 2,370.98 | 122.98 | 368.54 | |
| 2013-09-28 | 2,285.38 | 113.93 | 346.04 | |
| 2013-06-29 | 2,255.27 | 103.50 | 338.79 | |
| 2013-03-30 | 2,245.80 | 117.86 | 339.13 | |
| 2012-12-31 | 2,230.10 | 122.74 | 334.87 | |
| 2012-09-29 | 2,250.92 | 132.72 | 340.89 | |
| 2012-06-30 | 2,315.79 | 160.92 | 348.50 | |
| 2012-03-31 | 2,437.43 | 197.35 | 347.98 |
*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 Intertechnology has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- Vishay Intertechnology used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.
- Vishay Intertechnology has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Vishay Intertechnology'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 Intertechnology has a total score of 3/6, 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.
VSH Health
How is Vishay Intertechnology'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 Intertechnology's finances.
The net worth of a company is the difference between its assets and liabilities.
- Vishay Intertechnology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Vishay Intertechnology'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 3.6x 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 Intertechnology Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 1,384.67 | 494.53 | 764.32 |
| 2018-09-29 | 1,458.69 | 588.59 | 1,063.11 |
| 2018-06-30 | 1,385.79 | 679.72 | 1,149.75 |
| 2018-03-31 | 1,515.11 | 406.44 | 1,340.81 |
| 2017-12-31 | 1,432.40 | 370.47 | 1,295.17 |
| 2017-09-30 | 1,602.74 | 356.96 | 1,243.57 |
| 2017-07-01 | 1,723.78 | 350.34 | 1,187.20 |
| 2017-04-01 | 1,619.75 | 378.66 | 1,138.27 |
| 2016-12-31 | 1,570.96 | 357.03 | 1,098.41 |
| 2016-10-01 | 1,709.38 | 361.57 | 1,119.90 |
| 2016-07-02 | 1,680.90 | 335.15 | 1,021.28 |
| 2016-04-02 | 1,682.73 | 400.13 | 1,075.62 |
| 2015-12-31 | 1,628.04 | 436.74 | 1,094.55 |
| 2015-10-03 | 1,783.73 | 431.78 | 1,079.29 |
| 2015-07-04 | 1,813.49 | 427.31 | 1,062.00 |
| 2015-04-04 | 1,779.03 | 470.92 | 1,056.05 |
| 2014-12-31 | 1,830.88 | 444.07 | 1,106.95 |
| 2014-09-27 | 1,822.39 | 531.99 | 1,113.41 |
| 2014-06-28 | 1,918.63 | 386.83 | 1,173.99 |
| 2014-03-29 | 1,896.55 | 361.97 | 1,150.12 |
| 2013-12-31 | 1,878.20 | 364.91 | 1,151.58 |
| 2013-09-28 | 1,794.39 | 359.88 | 1,090.57 |
| 2013-06-29 | 1,676.86 | 406.23 | 1,027.70 |
| 2013-03-30 | 1,635.32 | 394.53 | 984.98 |
| 2012-12-31 | 1,628.24 | 392.94 | 992.54 |
| 2012-09-29 | 1,632.28 | 389.05 | 941.13 |
| 2012-06-30 | 1,577.51 | 462.29 | 948.28 |
| 2012-03-31 | 1,670.01 | 389.54 | 922.95 |
- Vishay Intertechnology's level of debt (35.7%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (19.4% vs 35.7% today).
- Debt is well covered by operating cash flow (52.3%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 19x coverage).
Financial health checks
We assess Vishay Intertechnology'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 Intertechnology has a total score of 5/6, 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.
VSH Dividends
What is Vishay Intertechnology'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 Intertechnology
shares you are expected to receive
$34
in your first year as a dividend.
Dividend Amount
- Vishay Intertechnology's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- Vishay Intertechnology's dividend is below the markets top 25% of dividend payers in United States of America (3.64%).
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 5 Analyst Estimates (S&P Global) | See Below |
| United States of America Electronic Industry Average Dividend Yield | Market Cap Weighted Average of 38 Stocks | 1.5% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2004 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 | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
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 | 0.35 | 3.00 |
| 2019-12-31 | 0.34 | 3.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-14 | 0.340 | 1.600 |
| 2018-10-29 | 0.340 | 1.786 |
| 2018-08-21 | 0.340 | 1.670 |
| 2018-05-07 | 0.340 | 1.453 |
| 2018-02-15 | 0.270 | 1.455 |
| 2017-11-15 | 0.270 | 1.270 |
| 2017-08-22 | 0.250 | 1.286 |
| 2017-05-23 | 0.250 | 1.468 |
| 2017-02-16 | 0.250 | 1.540 |
| 2016-11-14 | 0.250 | 1.562 |
| 2016-08-22 | 0.250 | 1.782 |
| 2016-05-24 | 0.250 | 1.927 |
| 2016-02-16 | 0.250 | 2.070 |
| 2015-11-10 | 0.240 | 2.114 |
| 2015-08-11 | 0.240 | 2.336 |
| 2015-05-19 | 0.240 | 2.010 |
| 2015-02-20 | 0.240 | 1.776 |
| 2014-11-05 | 0.240 | 1.744 |
| 2014-08-07 | 0.240 | 1.646 |
| 2014-05-21 | 0.240 | 1.586 |
| 2014-02-04 | 0.240 | 1.670 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, Vishay Intertechnology has been paying a dividend for less than 10 years.
- Dividend payments have increased, but Vishay Intertechnology only paid a dividend in the past 5 years.
Income/ dividend checks
We assess Vishay Intertechnology's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Intertechnology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Vishay Intertechnology has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
VSH Management
CEO
| COMPENSATION | $6,335,047 |
| AGE | 69 |
| TENURE AS CEO | 14.2 years |
CEO Bio
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 January 1, 2005 and its President since March 16, 1998. He serves as Chief Operating Officer of Vishay Sprague Sanford Inc. and as President of Vishay Vitramon, Incorporated. Dr. Paul has been Managing Director of Vishay Electronic GmbH, a subsidiary of Vishay Intertechnology Inc. since January 1991. He served as Chief Technical Officer of Vishay Intertechnology Inc. from June 6, 2011 to July 31, 2011. He served as Chief Operating Officer of Vishay Intertechnology Inc. from August 16, 1996 to 2006 and served as its Executive Vice President from August 1996 to March 1998 and was a Vice President from May 1993 to August 1996. In addition, Dr. Paul was the President of Vishay Electronic Components, Europe from January 1994 to August 1996. He has been employed by Vishay and Draloric since February 1978. He has been a Director of Vishay Intertechnology Inc. since May 1993. Dr. Paul serves as Director of Vishay Semiconductor GmbH.
CEO Compensation
- Gerald's compensation has increased in line with Vishay Intertechnology recently becoming profitable.
- Gerald's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Vishay Intertechnology management team in years:
- The average tenure for the Vishay Intertechnology management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team
Marc Zandman
Executive Chairman & Chief Business Development Officer
$6M
56
7.8 yrs
Gerald Paul
CEO, President & Director
$6M
69
14.2 yrs
Lori Lipcaman
Executive VP & CFO
$1M
60
7.5 yrs
Johan Vandoorn
Executive VP & CTO
$1M
61
7.6 yrs
Clarence Tse
Executive VP & Business Head of Semiconductors
$1M
60
2.2 yrs
Michael O’Sullivan
Senior VP
Peter Henrici
Senior VP of Corporate Communications & Corporate Secretary
David Valletta
Executive Vice President of Worldwide Sales
$900K
57
12.2 yrs
Werner Gebhardt
Executive Vice President of Global Human Resources
59
2.2 yrs
David Tomlinson
Senior VP & Corporate Controller
Board of Directors Tenure
Average tenure and age of the Vishay Intertechnology board of directors in years:
- The average tenure for the Vishay Intertechnology board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Gerald Paul
CEO, President & Director
$6M
69
25.8 yrs
Abraham Ludomirski
Independent Director
$238K
66
16.2 yrs
Marc Zandman
Executive Chairman & Chief Business Development Officer
$6M
56
7.8 yrs
Thomas Wertheimer
Independent Director
$253K
78
14.8 yrs
Tim Talbert
Director
$233K
70
6.2 yrs
Ziv Shoshani
Director
$218K
51
18.2 yrs
Ruta Zandman
Non-Employee Director
$368K
80
18.2 yrs
Ronald Ruzic
Director
$233K
79
10.2 yrs
Frank Maier
Director
$233K
80
8.9 yrs
Raanan Zilberman
Independent Director
$219K
56
2.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 08. Mar 19 | Sell | Frank Maier | Individual | 04. Mar 19 | 04. Mar 19 | -6,421 | $21.75 | $-139,657 | ||
| 05. Mar 19 | Sell | Marc Zandman | Individual | 28. Feb 19 | 28. Feb 19 | -85,361 | $21.88 | $-1,867,699 | ||
| 05. Mar 19 | Sell | Gerald Paul | Individual | 28. Feb 19 | 28. Feb 19 | -66,000 | $21.77 | $-1,436,820 | ||
| 13. Dec 18 | Sell | Ziv Shoshani | Individual | 12. Dec 18 | 12. Dec 18 | -3,520 | $20.23 | $-71,219 | ||
| 11. Dec 18 | Sell | Thomas Wertheimer | Individual | 10. Dec 18 | 10. Dec 18 | -15,000 | $19.70 | $-295,500 | ||
| 13. Sep 18 | Sell | Thomas Wertheimer | Individual | 12. Sep 18 | 12. Sep 18 | -10,000 | $20.88 | $-208,800 | ||
| 13. Sep 18 | Sell | Timothy Talbert | Individual | 13. Sep 18 | 13. Sep 18 | -5,000 | $21.37 | $-106,850 | ||
Management checks
We assess Vishay Intertechnology'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 Intertechnology 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.
VSH News
Simply Wall St News
Why Vishay Intertechnology, Inc. (NYSE:VSH) Looks Like A Quality Company
We'll use ROE to examine Vishay Intertechnology, Inc. … That means that for every $1 worth of shareholders' equity, it generated $0.25 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleDoes Vishay Intertechnology, Inc.'s (NYSE:VSH) CEO Salary Compare Well With Others?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Gerald Paul's Compensation Compare With Similar Sized Companies. … has a market cap of US$3.2b, and is paying total annual CEO compensation of US$6.3m.
Simply Wall St - – Full articleVishay Intertechnology, Inc. (NYSE:VSH) Is Employing Capital Very Effectively
In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleDon't Sell Vishay Intertechnology, Inc. (NYSE:VSH) Before You Read This
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at Vishay Intertechnology, Inc.'s (NYSE:VSH) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleEstimating The Fair Value Of Vishay Intertechnology, Inc. (NYSE:VSH)
Does the January share price for Vishay Intertechnology, Inc. … Today, I will calculate the stock's intrinsic value. … by estimating the company's future cash flows and discounting them to their present value.
Simply Wall St - – Full articleRead This Before Buying Vishay Intertechnology, Inc. (NYSE:VSH) Shares
The Last 12 Months Of Insider Transactions At Vishay Intertechnology. … So we know that an insider sold shares at around the present share price of US$17.08. … All up, insiders sold more shares in Vishay Intertechnology than they bought, over the last year
Simply Wall St - – Full articleIs Vishay Intertechnology, Inc.'s (NYSE:VSH) Balance Sheet Strong Enough To Weather A Storm?
Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Vishay Intertechnology, Inc. … VSH’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself.
Simply Wall St - – Full articleWhat Is Vishay Intertechnology, Inc.'s (NYSE:VSH) Share Price Doing?
(NYSE:VSH), which is in the electronic business, and is based in United States,. … As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at Vishay Intertechnology’s outlook and value based on the most recent financial data to see if the opportunity still exists
Simply Wall St - – Full articleVishay Intertechnology Inc (NYSE:VSH): Ex-Dividend Is In 4 Days
Vishay Intertechnology Inc (NYSE:VSH) will be distributing its dividend of US$0.085 per share on the 20 December 2018, and will start trading ex-dividend in 4 days time on the 05 December 2018. … Below, I will explain how holding Vishay Intertechnology can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?
Simply Wall St - – Full articleHow Does Vishay Intertechnology Inc (NYSE:VSH) Fare As A Dividend Stock?
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Historically, Vishay Intertechnology Inc (NYSE:VSH) has been paying a dividend to shareholders. … Let's take a look at Vishay Intertechnology in more detail.
Simply Wall St - – Full articleVSH Company Info
Description
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) segment offers low- and medium-voltage TrenchFET MOSFETs, high-voltage planar MOSFETs, high voltage super junction MOSFETs, power integrated circuits, and integrated function power devices. The Diodes segment provides rectifiers, small signal diodes, protection diodes, thyristors or silicon-controlled rectifiers, and power modules. The Optoelectronic Components segment offers standard and customer specific optoelectronic components, such as infrared (IR) emitters and detectors, IR remote control receivers, optocouplers, solid-state relays, optical sensors, light-emitting diodes, 7-segment displays, and IR data transceiver modules. The Resistors & Inductors segment provides film, wirewound, power metal strip, crowbar and steel blade, variable, RF and microwave, high voltage, and non-linear resistors, as well as battery management shunts, thermo fuses, chip fuses, pyrotechnic initiators/igniters, networks/arrays, dividers, temperature sensors, magnetics, and connectors. The Capacitors segment offers tantalum, ceramic, film, power, heavy-current, and aluminum electrolytic capacitors. The company’s semiconductor components are used for power control, power conversion, power management, signal switching, signal routing, signal blocking, signal amplification, two-way data transfer, one-way remote control, and circuit isolation functions; and passive components are used to restrict current flow, suppress voltage increases, store and discharge energy, control alternating current and voltage, filter out unwanted electrical signals, and other functions. It serves industrial, computing, automotive, consumer, telecommunications, power supplies, military/aerospace, and medical industries. Vishay Intertechnology, Inc. was founded in 1962 and is based in Malvern, Pennsylvania.
Details
| Name: | Vishay Intertechnology, Inc. |
| VSH | |
| Exchange: | NYSE |
| Founded: | 1962 |
| $2,860,398,120 | |
| 144,318,775 | |
| Website: | http://www.vishay.com |
| Address: |
Vishay Intertechnology, Inc. 63 Lancaster Avenue, Malvern, Pennsylvania, 19355, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | VSH | Common Stock | New York Stock Exchange | US | USD | 15. May 1974 | |
| DB | VHY | Common Stock | Deutsche Boerse AG | DE | EUR | 15. May 1974 |
Number of employees
Current staff
Industry
| Electronic Components | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/20 23:48 |
| End of day share price update: | 2019/03/20 00:00 |
| Last estimates confirmation: | 2019/02/07 |
| Last earnings filing: | 2019/02/15 |
| 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.
