Vishay Intertechnology
Market Cap
US$2.6b
Last Updated
2019/10/17 23:46 UTC
Data Sources
Company Financials +
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
| VSH | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.1% | 4.0% | 1.8% |
| 30 Day | 2.9% | 1.1% | -0.7% |
| 90 Day | 14.2% | 4.2% | 0.06% |
| 1 Year | 2.5%0.4% | 14.4%13.3% | 9.7%7.3% |
| 3 Year | 37.3%30.7% | 54.7%50.4% | 46.3%36.9% |
| 5 Year | 44.0%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
1 week ago | Simply Wall St
Vishay Intertechnology (NYSE:VSH) Seems To Use Debt Quite Sensibly2 weeks ago | Simply Wall St
Here's Why We Think Vishay Intertechnology (NYSE:VSH) Is Well Worth Watching3 weeks ago | Simply Wall St
A Close Look At Vishay Intertechnology, Inc.’s (NYSE:VSH) 16% ROCEValuation
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
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
| Entity | Individual |
| Shares | 6,421 |
| Max Price | US$21.75 |
| Entity | Individual |
| Role | Chairman of the Board Executive Chairman & Chief Business Development Officer |
| Shares | 85,361 |
| Max Price | US$21.88 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Director |
| Shares | 66,000 |
| Max Price | US$21.77 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 3,520.46 |
| Max Price | US$20.23 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 15,000 |
| Max Price | US$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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| VSH | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | May 1974 |
| VHY | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/17 23:46 |
| End of Day Share Price | 2019/10/17 00:00 |
| Earnings | 2019/06/29 |
| Annual Earnings | 2018/12/31 |
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.