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Vishay Precision (VPG)
:VPG
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Vishay Precision Group
(NYSE:VPG)
61Neutral
Vishay Precision Group (VPG) vs. S&P 500 (SPY)
Market Cap
$351.05M
Dividend YieldN/A
Average Volume (3M)228.16K
Price to Earnings (P/E)115.7
Beta (1Y)1.05
Revenue Growth-14.26%
EPS Growth-87.37%
CountryUS
Employees2,200
SectorTechnology
Sector Strength77
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.04
Shares Outstanding12,234,453
10 Day Avg. Volume211,462
30 Day Avg. Volume228,163
Financial Highlights & Ratios
PEG Ratio-1.30
Price to Book (P/B)1.01
Price to Sales (P/S)0.00
P/FCF Ratio32.32
Enterprise Value/Market Cap1.09
Enterprise Value/Revenue0.29
Enterprise Value/Gross Profit3.04
Enterprise Value/Ebitda2.17
Forecast
1Y Price Target
$30.50Price Target Upside15.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Vishay Precision Group Business Overview & Revenue Model
Company DescriptionVishay Precision Group (VPG) is a global company that specializes in precision measurement and sensing technologies. Operating primarily in the industrial and materials sectors, VPG designs, manufactures, and markets a broad array of products such as strain gages, load cells, and other sensors that are crucial for precise measurement applications. These products serve diverse industries, including aerospace, medical, and industrial automation, allowing for accurate data collection and monitoring.
How the Company Makes MoneyVPG generates revenue through the sale of its precision measurement and sensing products, which are utilized in a wide range of applications across various industries. The company's key revenue streams include the sale of its proprietary strain gages, load cells, and transducers, along with systems for weighing and force measurement. Additionally, VPG offers custom-engineered solutions and services that cater to specific client needs, enhancing its revenue potential. The company also benefits from strategic partnerships and collaborations that enable it to expand its market reach and enhance its product offerings, contributing significantly to its earnings.
Vishay Precision Group Financial Statement Overview
Summary
Vishay Precision Group's financials show a mixed performance. A strong balance sheet with low leverage and adequate equity supports financial stability. However, declining profitability margins and revenue indicate operational challenges. Cash flows remain positive, but the decrease in Free Cash Flow signals caution.Income Statement
Vishay Precision Group's income statement reflects a mixed performance. The Gross Profit Margin for 2023 was strong at 42.34%, indicating efficient production relative to sales. However, the Net Profit Margin saw a decline from 10.14% in 2022 to 2.24% in 2024, highlighting pressure on profitability. Revenue growth has been inconsistent, with a decline observed in the latest year, posing a risk to future profitability. The EBIT and EBITDA margins showed similar declining trends, suggesting operational challenges.65
Positive
Balance Sheet
The balance sheet shows a solid equity base, with the Debt-to-Equity Ratio at 0.17 in 2023, indicating low financial leverage. The Return on Equity (ROE) was healthy at 7.80% in 2023, although it declined from previous years. The Equity Ratio remained strong, suggesting a stable financial structure. However, the total assets have been decreasing, which could limit future growth opportunities.72
Positive
Cash Flow
The cash flow statement indicates stable cash generation, with a positive Operating Cash Flow to Net Income Ratio of 0.77 in 2023. However, the Free Cash Flow decreased significantly in 2024, reflecting challenges in sustaining cash after capital expenditures. The Free Cash Flow to Net Income Ratio fell to 1.07 in 2023, although still positive, showing some resilience in cash generation.70
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 306.52M | 355.05M | 362.58M | 317.92M | 269.81M | Gross Profit |
| 125.53M | 150.34M | 149.60M | 125.14M | 104.27M | EBIT |
| 16.86M | 41.95M | 43.80M | 27.37M | 22.66M | EBITDA |
| 35.88M | 57.96M | 62.71M | 42.14M | 32.18M | Net Income Common Stockholders |
| 9.91M | 25.71M | 36.06M | 20.22M | 10.79M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 79.27M | 83.97M | 88.56M | 84.33M | 98.44M | Total Assets |
| 450.94M | 471.57M | 476.74M | 461.89M | 401.89M | Total Debt |
| 55.37M | 58.48M | 85.05M | 90.46M | 64.16M | Net Debt |
| -23.91M | -25.48M | -3.51M | 6.13M | -34.28M | Total Liabilities |
| 129.07M | 141.64M | 170.22M | 184.85M | 144.03M | Stockholders Equity |
| 321.97M | 329.84M | 306.55M | 277.10M | 257.82M |
| Cash Flow | Free Cash Flow | |||
| 10.65M | 30.74M | 11.74M | 16.48M | 12.36M | Operating Cash Flow |
| 19.82M | 45.89M | 33.03M | 33.54M | 35.31M | Investing Cash Flow |
| -12.90M | -15.10M | -20.84M | -64.05M | -21.81M | Financing Cash Flow |
| -9.40M | -35.94M | -3.63M | 18.82M | -5.03M |
Vishay Precision Group Technical Analysis
Positive
26.48
Price Trends
22.93
Positive
23.21
Positive
24.02
Positive
Market Momentum
1.08
Negative
61.23
Neutral
73.18
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VPG, the sentiment is Positive. The current price of 26.48 is above the 20-day moving average (MA) of 24.03, above the 50-day MA of 22.93, and above the 200-day MA of 24.02, indicating a bullish trend. The MACD of 1.08 indicates Negative momentum. The RSI at 61.23 is Neutral, neither overbought nor oversold. The STOCH value of 73.18 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VPG.
Vishay Precision Group Risk Analysis
Vishay Precision Group disclosed 44 risk factors in its most recent earnings report. Vishay Precision Group reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Vishay Precision Group Peers Comparison
Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $940.19M | 19.82 | 11.87% | 0.35% | -6.15% | -42.24% | |
68 Neutral | $1.27B | 21.85 | 11.39% | 0.37% | -2.76% | 16.64% | |
66 Neutral | $812.88M | ― | -0.34% | ― | -4.76% | 97.93% | |
61 Neutral | $351.05M | 115.73 | 0.94% | ― | -14.26% | -87.37% | |
60 Neutral | $11.58B | 10.33 | -7.23% | 2.94% | 7.47% | -10.84% | |
51 Neutral | $265.18M | ― | -11.90% | 7.39% | -6.16% | -59.41% | |
41 Neutral | $286.65M | ― | -135.21% | ― | -41.76% | 5.56% |
* Technology Sector Average
Performance Comparison
VPG
Vishay Precision Group
26.48
-5.70
-17.71%
CTS
CTS
42.68
-11.27
-20.89%
FARO
Faro Technologies
42.10
23.02
120.65%
MEI
Methode Electronics
7.43
-3.88
-34.31%
MVIS
Microvision
1.15
0.03
2.68%
BELFA
Bel Fuse
67.74
-7.62
-10.11%
Vishay Precision Group Earnings Call Summary
Earnings Call Date:May 06, 2025
(Q1-2025)
| % Change Since: 5.92%|
Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook. While there was sequential order growth and positive developments in the Sensors segment and humanoid robotics, revenue faced challenges due to shipment delays and declines in other segments. The company is focused on cost reductions and has a strong balance sheet, but the current economic environment remains uncertain.Q1-2025 Updates
Positive Updates
Sequential Order Growth
Consolidated orders grew 2.7% sequentially with a book-to-bill ratio of 1.04. This marked the second quarter of sequential order growth, with bookings increasing in both the Sensors and Measurement Systems segments.
Sensors Segment Performance
First quarter revenue for the Sensors segment increased 5.1% sequentially, driven by higher sales of strain gages and precision resistors in the test and measurement market. Sensors bookings rose 6.7%, reaching the highest level in 5 quarters with a book-to-bill of 1.06.
Positive Development in Humanoid Robotics
The company received an additional order of more than $1 million from initial humanoid robotics customers and a prototype order from a second potential customer, indicating progress in this area.
Improved Operational Cost Management
The company is on track to achieve targeted annual operational cost reductions of $5 million by year end, with most savings in cost of goods sold.
Strong Balance Sheet
Cash position increased by $4.6 million to $83.9 million in the first quarter, with total outstanding long-term debt at $31.5 million, providing ample liquidity to support business requirements and fund M&A.
Negative Updates
Revenue Decline
First quarter revenue of $71.7 million declined modestly from the fourth quarter, impacted by approximately $2 million of delayed shipments of KELK products.
Measurement Systems Revenue Decline
Revenue in the Measurement Systems segment declined 13.8% sequentially due to continued slow trends in the global steel market and $2 million shipment delays of KELK products.
Net Loss Reported
The company reported a net loss of $942,000 or $0.07 per diluted share. Adjusted net earnings were $468,000 or $0.04 per diluted share.
Weighing Solutions Order Decline
Weighing Solutions orders declined 9.3% sequentially to $26.2 million, resulting in a book-to-bill of 0.99, with weaker orders for Force Sensors OEM business segments.
Company Guidance
During the VPG's 2025 First Quarter Earnings Conference Call, the company provided several key metrics and guidance. VPG reported first-quarter revenue of $71.7 million, with cash from operations at $5.3 million and adjusted free cash flow at $3.7 million. The book-to-bill ratio was noted at 1.04, indicating positive order trends, with consolidated orders growing 2.7% sequentially. The Sensors segment saw a revenue increase of 5.1%, while the Weighing Solutions segment reported a 2.7% rise in sales. However, the Measurement Systems segment experienced a revenue decline of 13.8%. The company highlighted a $2 million delay in KELK product shipments, expected to resolve in the second half of the year. VPG aimed to achieve $5 million in annual operational cost reductions by year-end and forecasted second-quarter revenues between $70 million and $76 million. Additionally, the company's adjusted operating margin improved to 1.1%, with a projected operational tax rate of approximately 27% for the full year.Vishay Precision Group Corporate Events
Executive/Board ChangesShareholder Meetings
Vishay Precision Group Director Marc Zandman Resigns
Neutral
Feb 27, 2025
On February 24, 2025, Marc Zandman resigned from the board of directors of Vishay Precision Group, Inc., effective immediately before the election of directors at the Company’s annual meeting of stockholders. His resignation was to focus on his roles at Vishay Intertechnology, Inc., and was not due to any disagreement with Vishay Precision Group’s operations, policies, or practices.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.