Business Summary
Vishay Precision Group, Inc. designs, manufactures, and markets sensors, sensor-based measurement systems, specialty resistors, and strain gages based upon its proprietary technology in Asia, the United States, the United Kingdom, Israel, Europe, and Canada. It operates through three segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems. The companys products include foil resistors, foil strain gages, load cells, transducers, weighing modules, instruments, weighing and control systems, PhotoStress products, and sensors that convert mechanical inputs into an electronic signal for display, processing, interpretation, or control by its instrumentation and systems products. Its products are primarily used in military/aerospace, medical, agricultural, steel, construction, waste management, bulk hauling, logging, scales manufacturing, engineering systems, pharmaceutical, oil, chemical, steel, paper, and food industries. The company markets and sells its products through original equipment manufacturers, electronic manufacturing services companies, and independent distributors, as well as directly to end-use customers. Vishay Precision Group, Inc. is headquartered in Malvern, Pennsylvania.
Valuation Measures
|
Market Cap |
152.77M |
|
Enterprise Value |
108.31M |
|
Trailing P/E |
112.62 |
|
Price/Sales (ttm) |
0.64 |
|
Price/Book (mrq) |
0.79 |
|
Enterprise Value/Revenue (ttm) |
0.45 |
|
Enterprise Value/EBITDA (ttm) |
4.80 |
Share Statistics
|
Avg Vol (3 month) |
41,517 |
|
Avg Vol (10 day) |
37,825 |
|
Shares Outstanding |
12.14M |
|
Float |
9.31M |
|
% Held by Insiders1 |
1.49% |
|
% Held by Institutions1 |
88.30% |
|
Shares Short (as of Nov 14, 2014) |
374.70K |
|
Return on Assets (ttm) |
2.68% |
|
Return on Equity (ttm) |
0.76% |
|
Fiscal Year Ends |
Dec-15 |
|
Most Recent Quarter (mrq) |
Jun-15 |
Estimates
|
Estimates |
Current Year |
Next Year |
|
Dec-15 |
Dec-15 |
| Earnings Est |
N/A |
N/A |
| Revenue Est |
207.52M |
238.11M |
Key Executives
|
0 |
Mr. Ziv Shoshani , 48 |
|
1 |
Chief Exec. Officer, Pres and Director |
|
2 |
Mr. William M. Clancy , 52 |
|
3 |
Chief Financial Officer, Principal Accounting Officer and Exec. VP |
|
4 |
Mr. Thomas Patrick Kieffer , 62 |
|
5 |
Chief Technical Officer and Sr. VP |
|
6 |
Mr. Steven C. Klausner , 57 |
|
7 |
VP and Treasurer |
|
8 |
Mr. Roland B. Desilets , 53 |
|
9 |
Corp. Sec. |
Income statement (Annual)
|
Period Ending |
29.09.2012 |
28.09.2013 |
27.09.2014 |
| Total Revenue |
217,616 |
240,275 |
250,823 |
| Cost of Revenue |
142,584 |
156,420 |
158,699 |
| Gross Profit |
75,032 |
83,855 |
92,124 |
| Operating Expenses |
- |
- |
- |
| Research Development |
63,666 |
74,521 |
77,348 |
| Selling General and Administrative |
275 |
1,332 |
6,114 |
| Non Recurring |
- |
- |
- |
| Others |
0 |
0 |
0 |
| Total Operating Expenses |
- |
- |
- |
| Operating Income or Loss |
11,091 |
8,002 |
8,662 |
| Income from Continuing Operations |
|
|
|
| Total Other Income/Expenses Net |
-301 |
-1,579 |
-851 |
| Earnings Before Interest And Taxes |
10,790 |
6,423 |
7,811 |
| Interest Expense |
266 |
1,022 |
868 |
| Income Before Tax |
10,524 |
5,401 |
6,943 |
| Income Tax Expense |
-1,240 |
1,054 |
2,912 |
| Minority Interest |
-73 |
-56 |
-178 |
| Net Income From Continuing Ops |
11,691 |
4,291 |
3,853 |
| Non-recurring Events |
|
|
|
| Discontinued Operations |
- |
- |
- |
| Extraordinary Items |
- |
- |
- |
| Effect Of Accounting Changes |
- |
- |
- |
| Other Items |
- |
- |
- |
| Net Income |
11,691 |
4,291 |
3,853 |
| Preferred Stock And Other Adjustments |
- |
- |
- |
| Net Income Applicable To Common Shares |
11,691 |
4,291 |
3,853 |
Income statement (Quarterly)
|
Period Ending |
27.09.2014 |
27.12.2014 |
28.03.2015 |
27.06.2015 |
| Total Revenue |
63,203 |
61,218 |
56,608 |
59,508 |
| Cost of Revenue |
39,301 |
39,615 |
35,829 |
38,273 |
| Gross Profit |
23,902 |
21,603 |
20,779 |
21,235 |
| Operating Expenses |
|
|
|
|
| Research Development |
- |
- |
- |
- |
| Selling General and Administrative |
19,226 |
19,062 |
18,733 |
18,411 |
| Non Recurring |
144 |
5,639 |
78 |
304 |
| Others |
- |
- |
- |
- |
| Total Operating Expenses |
- |
- |
- |
- |
| Operating Income or Loss |
4,532 |
-3,098 |
1,968 |
2,520 |
| Income from Continuing Operations |
|
|
|
|
| Total Other Income/Expenses Net |
-87 |
-81 |
-958 |
-385 |
| Earnings Before Interest And Taxes |
4,445 |
-3,179 |
1,010 |
2,135 |
| Interest Expense |
204 |
208 |
184 |
176 |
| Income Before Tax |
4,241 |
-3,387 |
826 |
1,959 |
| Income Tax Expense |
678 |
957 |
143 |
335 |
| Minority Interest |
-30 |
-89 |
13 |
16 |
| Net Income From Continuing Ops |
3,533 |
-4,433 |
696 |
1,640 |
| Non-recurring Events |
|
|
|
|
| Discontinued Operations |
- |
- |
- |
- |
| Extraordinary Items |
- |
- |
- |
- |
| Effect Of Accounting Changes |
- |
- |
- |
- |
| Other Items |
- |
- |
- |
- |
| Net Income |
3,533 |
-4,433 |
696 |
1,640 |
| Preferred Stock And Other Adjustments |
- |
- |
- |
- |
| Net Income Applicable To Common Shares |
3,533 |
-4,433 |
696 |
1,640 |
Peer Comparison
|
|
AAPL |
BBRY |
GOOG |
HPQ |
Industry |
| Market Cap |
152.77M |
N/A |
N/A |
N/A |
122.26M |
| Employees |
2,536 |
375 |
N/A |
63,967 |
340 |
| Qtrly Rev Growth (yoy) |
-9.0% |
N/A |
N/A |
N/A |
10.0% |
| Revenue (ttm) |
240.54M |
42.40M1 |
N/A |
129.10M2 |
62.56M |
| Gross Margin (ttm) |
36.0% |
N/A |
N/A |
N/A |
49.0% |
| EBITDA (ttm) |
22.57M |
N/A |
N/A |
N/A |
5.20M |
| Operating Margin (ttm) |
5.0% |
N/A |
N/A |
N/A |
6.0% |
| Net Income (ttm) |
1.44M |
N/A |
N/A |
-6.90M2 |
N/A |
| EPS (ttm) |
0.10 |
N/A |
1.76 |
N/A |
0.06 |
| P/E (ttm) |
112.62 |
N/A |
N/A |
N/A |
23.10 |
| PEG (5 yr expected) |
N/A |
N/A |
N/A |
N/A |
1.38 |
| P/S (ttm) |
0.64 |
N/A |
N/A |
N/A |
1.83 |
Upcoming Events
|
Date |
Event |
| Nov 3 - Nov 9, 2015 (Est.) |
Earnings announcement |
Recent Events
|
Date |
Event |
| 9/3/2015 |
VISHAY PRECISION GROUP, INC. Files SEC form 8-K, Results of Operations and Financial Condition |
| 9/3/2015 |
VISHAY PRECISION GROUP, INC. Files SEC form 10-Q, Quarterly Report |
| 8/13/2015 |
VISHAY PRECISION GROUP, INC. Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule o |
| 8/11/2015 |
VISHAY PRECISION GROUP, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits |
| 8/4/2015 |
VISHAY PRECISION GROUP, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements |
| 5/26/2015 |
VISHAY PRECISION GROUP, INC. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders, Other Events |
| 5/6/2015 |
VISHAY PRECISION GROUP, INC. Files SEC form 10-Q, Quarterly Report |
| 5/5/2015 |
VISHAY PRECISION GROUP, INC. Files SEC form 8-K, Results of Operations and Financial Condition |
Major Direct Holders
|
Major Direct Holders |
Shares |
Reported |
| NOKOMIS CAPITAL, L.L.C. |
N/A |
Sep-15 |
| SHOSHANI ZIV |
176,555 |
Mar-15 |
| CLANCY WILLIAM M |
55,092 |
Mar-15 |
| KIEFFER THOMAS PATRICK |
36,696 |
Mar-15 |
| ZANDMAN MARC |
18,755 |
May-15 |
Top Institutional Holders
|
Top Institutional Holders |
Shares |
% Out |
Value* |
Reported |
| Dimensional Fund Advisors LP |
1,069,412 |
8.49 |
16,105,344 |
Jun-15 |
| Royce & Associates, LLC |
849,368 |
6.74 |
12,791,482 |
Jun-15 |
| Rutabaga Capital Management, LLC |
768,050 |
6.10 |
11,566,833 |
Jun-15 |
| Harvey Partners, LLC |
720,000 |
5.72 |
10,843,200 |
Jun-15 |
| Shufro, Rose & Co., LLC |
644,000 |
5.11 |
9,698,640 |
Jun-15 |
| Golden Gate Private Equity, Inc. |
569,774 |
4.52 |
8,580,796 |
Jun-15 |
| Tinicum, Inc. |
542,419 |
4.31 |
8,168,830 |
Jun-15 |
| BlackRock Institutional Trust Company, N.A. |
455,482 |
3.62 |
6,859,558 |
Jun-15 |
| Vanguard Group, Inc. (The) |
382,549 |
3.04 |
5,761,187 |
Jun-15 |
| Nokomis Capital, L.L.C. |
1,272,103 |
10.10 |
19,157,871 |
Jun-15 |
Balance sheet (Annual)
|
Period Ending |
29.09.2012 |
28.09.2013 |
27.09.2014 |
| Cash And Cash Equivalents |
93,881 |
72,785 |
79,642 |
| Short Term Investments |
- |
- |
- |
| Net Receivables |
33,024 |
45,284 |
42,517 |
| Inventory |
49,389 |
54,973 |
54,313 |
| Other Current Assets |
9,572 |
10,500 |
10,566 |
| Total Current Assets |
185,866 |
183,542 |
187,038 |
| Long Term Investments |
- |
- |
- |
| Property Plant and Equipment |
52,092 |
49,323 |
51,982 |
| Goodwill |
- |
18,880 |
12,788 |
| Intangible Assets |
8,009 |
22,458 |
17,489 |
| Accumulated Amortization |
- |
- |
- |
| Other Assets |
17,206 |
17,901 |
20,590 |
| Deferred Long Term Asset Charges |
- |
- |
- |
|
|
|
|
| Total Assets |
263,173 |
292,104 |
289,887 |
|
|
|
|
| Liabilities |
|
|
|
| Current Liabilities |
|
|
|
| Accounts Payable |
31,945 |
41,703 |
43,410 |
| Short/Current Long Term Debt |
167 |
4,137 |
5,120 |
| Other Current Liabilities |
- |
- |
- |
| Total Current Liabilities |
32,112 |
45,840 |
48,530 |
| Long Term Debt |
11,154 |
22,936 |
17,713 |
| Other Liabilities |
21,268 |
18,518 |
20,730 |
| Deferred Long Term Liability Charges |
1,831 |
1,259 |
1,756 |
| Minority Interest |
159 |
133 |
234 |
| Negative Goodwill |
- |
- |
- |
|
|
|
|
| Total Liabilities |
66,524 |
88,686 |
88,963 |
|
|
|
|
| Stockholders' Equity |
|
|
|
| Misc Stocks Options Warrants |
- |
- |
- |
| Redeemable Preferred Stock |
- |
- |
- |
| Preferred Stock |
- |
- |
- |
| Common Stock |
1,338 |
1,374 |
1,376 |
| Retained Earnings |
28,356 |
32,647 |
36,500 |
| Treasury Stock |
- |
- |
-32 |
| Capital Surplus |
181,938 |
188,424 |
189,532 |
| Other Stockholder Equity |
-14,983 |
-19,027 |
-26,452 |
| Total Stockholder Equity |
196,649 |
203,418 |
200,924 |
|
|
|
|
| Net Tangible Assets |
188,640 |
162,080 |
170,647 |
Balance sheet (Quarterly)
|
Period Ending |
27.09.2014 |
27.12.2014 |
28.03.2015 |
27.06.2015 |
| Cash And Cash Equivalents |
75,424 |
79,642 |
70,212 |
65,456 |
| Short Term Investments |
- |
- |
- |
- |
| Net Receivables |
45,965 |
42,517 |
41,731 |
43,802 |
| Inventory |
53,909 |
54,313 |
55,643 |
55,769 |
| Other Current Assets |
11,216 |
10,566 |
11,239 |
9,394 |
| Total Current Assets |
186,514 |
187,038 |
178,825 |
174,421 |
| Long Term Investments |
- |
- |
- |
- |
| Property Plant and Equipment |
47,956 |
51,982 |
49,935 |
50,249 |
| Goodwill |
18,266 |
12,788 |
11,890 |
12,046 |
| Intangible Assets |
19,838 |
17,489 |
15,856 |
15,416 |
| Accumulated Amortization |
- |
- |
- |
- |
| Other Assets |
20,074 |
20,590 |
20,659 |
20,352 |
| Deferred Long Term Asset Charges |
- |
- |
- |
- |
|
|
|
|
|
| Total Assets |
292,648 |
289,887 |
277,165 |
272,484 |
|
|
|
|
|
| Liabilities |
|
|
|
|
| Current Liabilities |
|
|
|
|
| Accounts Payable |
39,836 |
43,410 |
38,325 |
37,729 |
| Short/Current Long Term Debt |
4,882 |
5,120 |
5,370 |
16,366 |
| Other Current Liabilities |
- |
- |
- |
- |
| Total Current Liabilities |
44,718 |
48,530 |
43,695 |
54,095 |
| Long Term Debt |
19,060 |
17,713 |
16,185 |
4,635 |
| Other Liabilities |
17,809 |
20,730 |
20,015 |
19,445 |
| Deferred Long Term Liability Charges |
1,003 |
1,756 |
643 |
610 |
| Minority Interest |
164 |
234 |
205 |
160 |
| Negative Goodwill |
- |
- |
- |
- |
|
|
|
|
|
| Total Liabilities |
82,754 |
88,963 |
80,743 |
78,945 |
|
|
|
|
|
| Stockholders' Equity |
|
|
|
|
| Misc Stocks Options Warrants |
- |
- |
- |
- |
| Redeemable Preferred Stock |
- |
- |
- |
- |
| Preferred Stock |
- |
- |
- |
- |
| Common Stock |
1,376 |
1,376 |
1,378 |
1,379 |
| Retained Earnings |
40,933 |
36,500 |
37,196 |
37,671 |
| Treasury Stock |
- |
-32 |
-1,263 |
-6,169 |
| Capital Surplus |
189,335 |
189,532 |
189,621 |
189,769 |
| Other Stockholder Equity |
-21,750 |
-26,452 |
-30,510 |
-29,111 |
| Total Stockholder Equity |
209,894 |
200,924 |
196,422 |
193,539 |
|
|
|
|
|
| Net Tangible Assets |
171,790 |
170,647 |
168,676 |
166,077 |
Address
|
company |
Suite 150 |
|
address |
Malvern, PA 19355 |
|
city_state_zip |
United States - Map |
|
phone |
Fax: 484-321-5301 |
Business Summary
Vishay Precision Group, Inc. designs, manufactures, and markets sensors, sensor-based measurement systems, specialty resistors, and strain gages based upon its proprietary technology in Asia, the United States, the United Kingdom, Israel, Europe, and Canada. It operates through three segments: Foil Technology Products, Force Sensors, and Weighing and Control Systems. The companys products include foil resistors, foil strain gages, load cells, transducers, weighing modules, instruments, weighing and control systems, PhotoStress products, and sensors that convert mechanical inputs into an electronic signal for display, processing, interpretation, or control by its instrumentation and systems products. Its products are primarily used in military/aerospace, medical, agricultural, steel, construction, waste management, bulk hauling, logging, scales manufacturing, engineering systems, pharmaceutical, oil, chemical, steel, paper, and food industries. The company markets and sells its products through original equipment manufacturers, electronic manufacturing services companies, and independent distributors, as well as directly to end-use customers. Vishay Precision Group, Inc. is headquartered in Malvern, Pennsylvania.
