Vishay Intertechnology Inc

Technology
Electrical Products
www.vishay.com

Earnings Score
Moat Score
Safety Score

Market Cap $2.49B
PE 29
Debt $820.80M
Cash $643.77M
EV $2.66B
FCF -$208.19M

Earnings

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Sales & Net Margins

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Earnings	$86.63M
EBIT	$140.14M
ROE	4%
ROA	3%
FCF	-$208.19M
Equity	$2.17B
Growth Stability	-105%
PE	28.71
PEG	1.75
PB	1.14
P/FCF	-11.95
P/S	0.83
Price/Cash	0.26
Debt/Equity	0.38
Debt/FCF	-3.94
Net Margins	2%
Gross Margins	23%
Op. Margins	5%
Earnings CAGR	25%
Sales Growth YoY	-14%
Sales Growth QoQ	-1%
Sales CAGR	5%
FCF CAGR	3%
Equity CAGR	3%
Earnings Stability	0.31
Earnings Growth YoY	-129%
Earnings Growth QoQ	-182%
Earnings CAGR 5Y	16%

Sales CAGR 5Y	7%
FCF CAGR 5Y	-1%
Equity CAGR 5Y	11%
Earnings CAGR 3Y	-2%
Sales CAGR 3Y	-2%
FCF CAGR 3Y	-10%
Equity CAGR 3Y	9%
Market Cap	$2.49B
Revenue	$3.01B
Dividend Yield	2%
Payout Ratio	63%
Assets	$4.22B
Total Debt	$820.80M
Cash	$643.77M
Shares Outstanding	136.79M
EV	2.66B
Earnings Score	22%
Moat Score	44%
Safety Score	36%
Final Score	34%
Working Capital	1.3B
Current Ratio	2.81
Gross Profit	$684.82M
Shares Growth 3y	-2%
Equity Growth QoQ	-0%
Equity Growth YoY	1%

Assets & ROA

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Stockholders Equity & ROE

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Vishay Intertechnology Inc provides a broad product portfolio of discrete semiconductors and passive electronic components to original equipment manufacturers and distributors. These products are found in industrial, computing, automotive, consumer, telecommunications, power supplies, military, aerospace, and medical markets and serve customer worldwide. Its product segments consist of two general classes: semiconductors and passive components. The company's operating segment includes metal oxide semiconductor field-effect transistors, diodes, optoelectronic components, resistors, inductors, and capacitors. Revenue mainly comes from resistors, which are basic components used in all forms of electronic circuitry to adjust and regulate levels of voltage and current.

SEC Filings

Direct access to Vishay Intertechnology Inc (VSH) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 28
- 10-Q Jun 29
- 10-Q Mar 30
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jul 01
- 10-Q Apr 01
2022
- 10-K Dec 31
- 10-Q Oct 01
- 10-Q Jul 02
- 10-Q Apr 02

Sector Comparison

How does Vishay Intertechnology Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Vishay Intertechnology Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 25%

Stability 31%

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Vishay Intertechnology Inc Discounted Cash Flow

Fully customizable DCF calculator online for Vishay Intertechnology Inc.

Years

Calculation mode

= -$2.5B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$208M	-$214M	-$220M	-$227M	-$233M	-$240M	-$247M	-$254M	-$262M	-$269M	-$277M	-$2.8B
DCF		-$195M	-$182M	-$170M	-$159M	-$149M	-$140M	-$131M	-$122M	-$114M	-$107M	-$1.1B
Value	-$2.5B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	5%	-5%	2%	-1%	11%	6%	5%	9%	12%	10%	2%
ROA	-	3%	3%	9%	16%	8%	7%	13%	16%	11%	3%
ROE	-	-7%	3%	-1%	25%	11%	8%	17%	21%	15%	4%

Bad Net Margins (1.58%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	4.45	2.21	1.87	17.29	3.57	2.06	1.91	3.15	22.54	-3.94
Debt over Equity	0.25	0.27	0.23	0.26	0.36	0.34	0.25	0.26	0.24	0.37	0.38
Growth Stability	-	-	-	-105%	-	100%	75%	100%	100%	100%	-105%

Good Debt/FCF ratio (-3.94)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.38)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-105%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-8%	1%	12%	17%	-12%	-6%	30%	8%	-3%	7%
Earnings YoY growth	-	-192%	-145%	-142%	-2K%	-53%	-25%	142%	44%	-24%	16%
Equity YoY growth	-	-11%	-4%	-9%	-3%	7%	6%	11%	17%	7%	11%
FCF YoY growth	-	-30%	64%	23%	-86%	389%	37%	25%	-33%	-77%	-1%