Vishay Intertechnology may be undervalued with mixed growth prospects, but the 4 analysts following the company give it an rating of hold. Their target prices range from $21.0 to $32.0 per share, for an average of $25.25. At today's price of $22.82, Vishay Intertechnology is trading -9.64% away from its average target price, suggesting there is an analyst consensus of some upside potential for the stock.
Vishay Intertechnology, Inc. manufactures and sells discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. Based in Malvern, PA, the mid-cap Technology company has 23,900 full time employees. Vishay Intertechnology has provided a 1.8% dividend yield over the last 12 months.
Vishay Intertechnology has a trailing twelve month P/E ratio of 7.7, compared to an average of 27.16 for the Technology sector. Considering its EPS guidance of $2.44, the company has a forward P/E ratio of 9.4.
The average compound growth rate of the company's last 6 years of reported earnings per share is 4.8% (the company doesn't issue forward EPS guidance). On this basis, the company's PEG ratio is 1.78, which suggests that it is overpriced.
Furthermore, the market is potentially undervaluing Vishay Intertechnology in terms of its book value because its P/B ratio is 1.43. In comparison, the sector average P/B ratio is 6.23. The company's shares are currently -30.8% below their Graham number, indicating that its shares have a margin of safety.
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (MM) | $3,035 | $2,668 | $2,502 | $3,240 | $3,497 | $3,543 |
| Gross Margins | 28% | 25% | 23% | 27% | 30% | 30% |
| Operating Margins | 16.0% | 10.0% | 8.0% | 14.0% | 18.0% | 17.0% |
| Net Margins | 11.0% | 6.0% | 5.0% | 9.0% | 12.0% | 12.0% |
| Net Income (MM) | $347 | $165 | $124 | $299 | $430 | $421 |
| Net Interest Expense (MM) | $37 | $34 | $32 | $18 | $17 | $20 |
| Depreciation & Amort. (MM) | $162 | $164 | $166 | $167 | $164 | $171 |
| Earnings Per Share | $2.24 | $1.13 | $0.85 | $2.05 | $2.98 | $2.9600000000000004 |
| EPS Growth | n/a | -49.55% | -24.78% | 141.18% | 45.37% | -0.67% |
| Diluted Shares (MM) | 155 | 145 | 145 | 145 | 144 | 136 |
| Free Cash Flow (MM) | -$11 | $140 | $191 | $239 | $159 | $266 |
| Capital Expenditures (MM) | $269 | $157 | $124 | $218 | $325 | $347 |
| Net Current Assets (MM) | $64 | $71 | $122 | $214 | $306 | $422 |
| Long Term Debt (MM) | $495 | $499 | $607 | $734 | $801 | $640 |
| Net Debt / EBITDA | -0.3 | -0.41 | 0.02 | -0.03 | 0.28 | -0.54 |
