Vishay Precision Group, Inc. Financial Ratios — VPG Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	85.39	49.03	13.92	8.71	-43.06	23.8	38.47	42.06	27.97	11.22	18.12	25.8	15.06	5.26	2.7
Return on Assets (%)	4.26	4.5	1.6	1.06	-4.72	2.4	4.97	7.47	6.37	2.79	4.68	7.68	5.42	2.15	1.17
Return on Capital (%)	44.8	- -	10.03	5.61	-56.19	11.97	21.74	28.89	19.51	7.47	11.1	16.45	11.59	4.64	2.61
Return on Invested Capital (%)	5.91	- -	3.31	3.32	-153.41	4.62	7.83	11.68	9.86	4.95	6.67	9.52	7.45	2.6	1.54
Gross Margin (%)	34.9	34.48	34.98	36.31	36.28	36.82	38.64	40.45	39.31	38.65	39.36	41.26	42.34	40.95	38.88
EBITDA Margin (%)	11.59	10.58	8.99	10.19	10.36	11.37	13.82	17	15.42	14.28	13.96	16.67	16.62	11.02	8.32
Operating Margin (%)	6.83	5.22	3.94	5.5	5.58	6.41	9.64	13.45	11.27	9.64	9.25	12.43	12.24	5.86	3.14
Incremental Operating Margin (%)	-11.66	23.9	-9.39	37.98	4.44	-20.42	34.35	34.77	52.65	42.27	7.04	35.1	21.43	52.53	-1,223.53
Pretax Margin (%)	6.35	4.84	2.41	2.35	0.22	4.27	8.08	11.34	9.31	6.79	8.15	12.44	10.83	5.73	2.86
Profit Margin (%)	4.52	5.37	1.86	1.23	-5.6	2.85	5.64	7.89	7.81	4	6.36	9.95	7.24	3.23	1.72
Net Income to Common Margin (%)	4.52	5.37	1.86	1.23	-5.6	2.85	5.64	7.89	7.81	4	6.36	9.95	7.24	3.23	1.72
Effective Tax Rate (%)	28.56	- -	21.78	44.51	2,667.98	33.3	30	30.43	15.68	41.01	21.11	18.93	32.33	44.01	39.27
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	85.39	49.03	13.92	8.71	-43.06	23.8	38.47	42.06	27.97	11.22	18.12	25.8	15.06	5.26	2.7

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	12	11	27	23	33	36	32	27	53	64	90	85	58	55	44
ST Debt	- -	- -	4	5	2	3	4	5	47	4	5	4	4	4	4
LT Debt	11	11	23	18	31	34	28	22	6	60	86	81	54	51	40
Total Debt/EBITDA	0.42	0.49	1.26	0.9	1.38	1.41	0.92	0.53	1.21	1.67	2.04	1.41	0.99	1.64	1.74
Net Debt/EBITDA	-2.51	-3.59	-2.13	-2.23	-1.23	-0.87	-1.19	-1.24	-0.97	-1.5	-0.53	-0.46	-0.88	-1.42	-2.61
Total Debt/EBIT	0.72	1	2.88	1.66	2.56	2.51	1.32	0.67	1.66	2.47	3.08	1.89	1.35	3.08	4.61
Net Debt/EBIT	-4.25	-7.26	-4.87	-4.13	-2.28	-1.55	-1.71	-1.56	-1.32	-2.22	-0.8	-0.62	-1.2	-2.66	-6.92
EBITDA to Interest Expense	99.95	86.57	22.19	28.88	31.19	17.21	19.09	29.32	29.06	28.2	36.1	26.63	14.85	13.45	13.2
EBITDA-CapEx/Interest Expense	99.95	86.57	22.19	28.88	31.19	17.21	19.09	29.32	29.06	28.2	36.1	26.63	14.85	13.45	13.2
EBIT to Interest Expense	58.93	42.73	9.72	15.58	16.79	9.71	13.32	23.21	21.23	19.04	23.9	19.87	10.94	7.15	4.98
Interest Expense	- -	- -	1	1	1	1	2	2	2	1	1	2	4	3	2
Common Equity/Total Assets	7.01	11.28	11.65	12.79	8.99	11.13	14.51	20.83	24.49	25.25	26.35	33.1	38.91	42.89	43.59
Long-Term Debt/Equity (%)	6.2	5.67	11.27	8.86	18	19.54	14.73	10.26	2.41	23.32	30.99	26.37	16.51	15.96	11.94
Long-Term Debt/Capital (%)	38.47	27.09	37.46	29.63	54.41	50.47	37	23.58	4.04	36.29	40.47	33.29	22.51	20.66	16.51
Long-Term Debt/Total Assets (%)	4.47	4.24	7.85	6.17	11.77	12.39	9.29	6.87	1.57	14.96	18.59	16.96	11.55	11.39	8.8
Total Debt/Equity (%)	6.3	5.75	13.3	11.42	19.23	21.07	16.74	12.39	21.99	24.88	32.65	27.75	17.73	17.2	13.23
Total Debt/Capital (%)	39.09	27.5	44.22	38.2	58.12	54.41	42.04	28.47	36.86	38.72	42.65	35.03	24.16	22.26	18.3
Total Debt/Total Assets (%)	4.54	4.3	9.27	7.96	12.57	13.36	10.55	8.3	14.35	15.96	19.59	17.84	12.4	12.28	9.76
Net Debt to Equity	-37.41	-41.95	-22.46	-28.42	-17.1	-13	-21.69	-28.88	-17.53	-22.41	-8.53	-9.06	-15.79	-14.86	-19.86
Net Debt/Capital (%)	135.58	156.64	395.5	285.99	527.16	-279.24	-1,565.98	-1,278.82	-73.88	-85.94	-18.48	-18	-32.96	-28.23	-42.9
EBITDA	28	23	21	25	24	26	35	51	44	39	44	60	59	34	26
EBITDA-CapEx	28	23	21	25	24	26	35	51	44	39	44	60	59	34	26
Operating Income (Loss)	16	11	9	14	13	14	25	40	32	26	29	45	43	18	10

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	2.2	2.92	1.59	1.63	1.52	1.58	1.43	1.65	0.98	2.07	1.3	1.38	1.36	1.49	1.58
Current Ratio	4.83	5.79	4	3.7	3.94	4.22	3.69	3.92	2.39	4.67	3.64	3.91	3.94	4.47	4.47
Quick Ratio	3.13	3.82	2.47	2.4	2.39	2.51	2.33	2.62	1.46	3.02	2.21	2.31	2.28	2.46	2.6
CFO/Avg Current Liab	0.42	0.61	0.37	0.49	0.32	0.29	0.51	0.66	0.43	0.52	0.6	0.51	0.73	0.35	0.27
Common Equity/Total Assets	7.01	11.28	11.65	12.79	8.99	11.13	14.51	20.83	24.49	25.25	26.35	33.1	38.91	42.89	43.59
Long-Term Debt/Equity (%)	6.2	5.67	11.27	8.86	18	19.54	14.73	10.26	2.41	23.32	30.99	26.37	16.51	15.96	11.94
Long-Term Debt/Capital (%)	38.47	27.09	37.46	29.63	54.41	50.47	37	23.58	4.04	36.29	40.47	33.29	22.51	20.66	16.51
Long-Term Debt/Total Assets (%)	4.47	4.24	7.85	6.17	11.77	12.39	9.29	6.87	1.57	14.96	18.59	16.96	11.55	11.39	8.8
Total Debt/Equity (%)	6.3	5.75	13.3	11.42	19.23	21.07	16.74	12.39	21.99	24.88	32.65	27.75	17.73	17.2	13.23
Total Debt/Capital (%)	39.09	27.5	44.22	38.2	58.12	54.41	42.04	28.47	36.86	38.72	42.65	35.03	24.16	22.26	18.3
Total Debt/Total Assets (%)	4.54	4.3	9.27	7.96	12.57	13.36	10.55	8.3	14.35	15.96	19.59	17.84	12.4	12.28	9.76
CFO/Total Liabilities	21.76	31.78	16.45	26.72	15.63	11.63	20.07	32.78	24.04	24.52	18.14	19.4	32.4	15.35	12.02
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	3.76	3.48	3.28	3.59	2.94	3.49	3.88	4.71	4.34	3.86	3.81	4.35	4.51	3.82	4.84

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	6.98	6.91	6.89	6.42	6.36	6.44	6.28	6	5.89	6.09	6.14	6.13	6.09	5.7	5.71
Days Sales Outstanding	52.27	52.82	52.98	56.88	57.36	56.65	58.16	60.84	61.93	59.89	59.47	59.56	59.89	64.09	63.89
Inventory Turnover	3.18	2.9	2.97	2.95	2.71	2.53	2.68	2.92	2.67	2.56	2.78	2.64	2.37	2.1	2.25
Days Inventory Outstanding	114.72	126.06	122.77	123.55	134.51	144.49	135.95	124.89	136.75	142.48	131.38	138.03	154.05	173.74	162.29
Accounts Payable Turnover	13.55	13.84	16.53	15.1	16.3	17.49	14.55	14.39	17.41	16.64	16.31	15.43	16.33	16.4	18.26
Accounts Payable Turnover Days	26.94	26.37	22.08	24.18	22.39	20.87	25.08	25.37	20.96	21.94	22.38	23.65	22.35	22.26	19.99
Cash Conversion Cycle	140.06	152.5	153.67	156.25	169.48	180.27	169.03	160.37	177.71	180.43	168.47	173.94	191.59	215.57	206.2
Inventory to Cash Days	-62.45	-73.24	-69.79	-66.67	-77.14	-87.84	-77.79	-64.05	-74.82	-82.6	-71.9	-78.47	-94.17	-109.65	-98.4
Inventories	49	49	55	53	56	56	60	62	67	62	76	85	88	84	83
Raw Materials	15	14	15	14	15	16	17	18	22	22	25	32	34	33	33
Work In Process	14	14	20	20	20	21	23	22	23	22	24	26	27	27	26
Finished Goods	20	21	20	19	21	20	20	22	22	19	27	26	28	24	24
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	213	177	202	236	153	249	334	406	460	427	505	527	462	313	511
- Cash & Cash Equivalents	81	94	73	80	63	58	74	90	87	98	84	89	84	79	87
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	12	11	27	23	33	36	32	27	53	64	90	85	58	55	44
Enterprise Value	144	94	156	179	123	227	292	343	426	393	511	523	437	289	468
Total Capital	30	41	61	60	57	66	77	95	144	166	212	243	242	249	243
Total Debt/Capital (%)	39.09	27.5	44.22	38.2	58.12	54.41	42.04	28.47	36.86	38.72	42.65	35.03	24.16	22.26	18.3
Total Debt / EV	0.08	0.12	0.17	0.13	0.27	0.16	0.11	0.08	0.12	0.16	0.18	0.16	0.13	0.19	0.1
EV/Sales	0.61	0.43	0.66	0.72	0.53	1.01	1.15	1.14	1.5	1.46	1.61	1.44	1.23	0.94	1.52
EV/EBITDA	5.23	4.1	7.29	7.04	5.13	8.88	8.3	6.73	9.73	10.2	11.52	8.66	7.41	8.57	18.28
EV/EBIT	8.87	8.3	16.64	13.06	9.53	15.74	11.89	8.51	13.32	15.1	17.4	11.61	10.06	16.1	48.44
EV/Cash Flow to Firm	9.13	4.41	10.2	7.56	- -	18.17	12.15	9.38	13.23	10.88	14.82	15	9	13.64	30.05
EV/Free Cash Flow to Firm	9.13	4.41	10.2	7.56	- -	18.17	12.15	9.38	13.23	10.88	14.82	15	9	13.64	30.05
Diluted Market Cap	221	184	208	240	153	254	339	409	462	429	507	529	465	314	513
Diluted Enterprise Value	152	101	162	183	123	231	297	346	429	395	513	526	440	290	470
EV per Share	10.81	7.06	11.53	13.05	9.15	17.22	22	25.54	31.53	28.96	37.57	38.39	32.2	21.67	35.25
TTM Sales	238	218	239	250	232	225	254	300	284	270	318	363	355	307	307
TTM EBITDA	28	23	21	25	24	26	35	51	44	39	44	60	59	34	26
TTM Operating Income	16	11	9	14	13	14	25	40	32	26	29	45	43	18	10
TTM Cash Flow to Firm	16	21	15	24	-6	12	24	37	32	36	35	35	49	21	16
TTM Free Cash Flow to Firm	16	21	15	24	-6	12	24	37	32	36	35	35	49	21	16

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	14.18	8.7	14.25	10.31	10.7	22.04	14.91	11.57	14.95	12.14	15.12	16.02	10.14	15.85	35.64
EV/EBIT	8.87	8.3	16.64	13.06	9.53	15.74	11.89	8.51	13.32	15.1	17.4	11.61	10.06	16.1	48.44
Enterprise Value	144	94	156	179	123	227	292	343	426	393	511	523	437	289	468
Low Price	12.86	11.68	12.5	13.63	10.25	10.27	15.1	23.65	29.02	16.56	29.22	27.03	27.94	20.83	18.57
EV/Sales	0.61	0.43	0.66	0.72	0.53	1.01	1.15	1.14	1.5	1.46	1.61	1.44	1.23	0.94	1.52
EV/EBITDA	5.23	4.1	7.29	7.04	5.13	8.88	8.3	6.73	9.73	10.2	11.52	8.66	7.41	8.57	18.28
Price/Earnings	19.8	15.12	45.53	76.64	- -	38.92	23.25	17.18	20.71	39.59	25	14.61	17.99	31.62	96.46
Price/Earnings Average	20.12	16.08	45.19	72.2	-14.2	29.76	18.27	19.34	21.41	32.97	23.32	12.41	19.32	39.59	70.59
Price/Earnings High	25.09	20.01	54.12	81.68	-18.29	40.04	26.44	25.58	25.52	45.04	26.74	15.73	24.13	48.48	101.02
Price/Earnings Low	15.93	13.35	38.22	60.87	-10.63	21.15	13.96	13.44	17.67	20.83	19.68	10.21	14.75	28.06	46.52
Price/Book Value	11.85	5.95	5.94	6.43	6.44	8.28	7.5	5.98	5.07	4.21	4.15	3.34	2.52	1.62	2.57
Price/Book Value Average	12.04	6.33	5.89	6.06	7.79	6.33	5.89	6.73	5.24	3.5	3.87	2.84	2.71	2.03	1.88
Price/Book Value High	15.01	7.88	7.06	6.85	10.04	8.52	8.53	8.9	6.24	4.79	4.44	3.6	3.38	2.48	2.69
Price/Book Value Low	9.53	5.26	4.98	5.11	5.83	4.5	4.5	4.68	4.32	2.21	3.27	2.33	2.07	1.44	1.24
Price/Tangible Book Value	1.23	0.94	1.24	1.39	1.07	1.9	2.17	2.2	2.66	2.19	2.83	2.48	1.93	1.34	2.04
Price/Tangible Book Value Average	1.25	1	1.24	1.31	1.3	1.45	1.71	2.48	2.75	1.83	2.64	2.1	2.07	1.68	1.49
Price/Tangible Book Value High	1.55	1.24	1.48	1.48	1.67	1.95	2.47	3.28	3.28	2.49	3.02	2.67	2.59	2.06	2.13
Price/Tangible Book Value Low	0.99	0.83	1.05	1.1	0.97	1.03	1.3	1.72	2.27	1.15	2.23	1.73	1.58	1.19	0.98
Price/Sales	0.9	0.81	0.85	0.94	0.66	1.11	1.31	1.36	1.62	1.58	1.59	1.45	1.3	1.02	1.66
Price/Sales Average	0.91	0.86	0.84	0.89	0.8	0.85	1.03	1.53	1.67	1.32	1.48	1.23	1.4	1.28	1.22
Price/Sales High	1.13	1.07	1.01	1.01	1.02	1.14	1.49	2.02	1.99	1.8	1.7	1.56	1.75	1.57	1.74
Price/Sales Low	0.72	0.72	0.71	0.75	0.6	0.6	0.79	1.06	1.38	0.83	1.25	1.02	1.07	0.91	0.8
Price/Cash Flow	13.68	8.38	13.86	10.15	10.7	21.66	14.67	11.48	14.86	12.09	15.07	15.95	10.08	15.82	35.5
Price/Cash Flow Average	13.9	8.91	13.76	9.56	12.95	16.56	11.53	12.92	15.36	10.07	14.06	13.55	10.82	19.8	25.98
Price/Cash Flow High	17.33	11.09	16.48	10.82	16.68	22.29	16.69	17.09	18.31	13.76	16.12	17.18	13.51	24.25	37.18
Price/Cash Flow Low	11.01	7.4	11.64	8.06	9.69	11.77	8.81	8.98	12.68	6.36	11.86	11.15	8.26	14.04	17.12
Price/Free Cash Flow Average	14.41	9.26	14.15	9.72	12.95	16.86	11.71	13.02	15.45	10.11	14.1	13.61	10.88	19.85	26.08
Price/Free Cash Flow High	17.97	11.52	16.94	10.99	16.68	22.68	16.95	17.22	18.42	13.81	16.17	17.25	13.59	24.3	37.33
Price/Free Cash Flow Low	11.41	7.69	11.96	8.19	9.69	11.98	8.95	9.05	12.75	6.39	11.9	11.2	8.31	14.07	17.19
EV/Sales Average	0.62	0.49	0.65	0.66	0.67	0.75	0.87	1.31	1.56	1.19	1.5	1.22	1.33	1.2	1.08
EV/Sales High	0.84	0.7	0.82	0.78	0.9	1.04	1.33	1.81	1.88	1.67	1.72	1.55	1.68	1.49	1.6
EV/Sales Low	0.43	0.34	0.52	0.52	0.47	0.5	0.62	0.85	1.26	0.71	1.27	1.01	1	0.83	0.66
EV/EBITDA Average	5.35	4.59	7.22	6.51	6.46	6.59	6.26	7.73	10.09	8.34	10.76	7.35	7.99	10.9	12.93
EV/EBITDA High	7.29	6.58	9.06	7.65	8.68	9.16	9.6	10.63	12.17	11.72	12.32	9.33	10.08	13.51	19.23
EV/EBITDA Low	3.72	3.2	5.78	5.14	4.53	4.43	4.51	5	8.19	4.94	9.1	6.04	6	7.52	7.95
EV/EBIT Average	9.08	9.29	16.48	12.07	12	11.68	8.98	9.77	13.81	12.35	16.25	9.85	10.84	20.49	34.25
EV/EBIT High	12.37	13.33	20.7	14.19	16.12	16.24	13.76	13.43	16.66	17.36	18.6	12.51	13.69	25.4	50.94
EV/EBIT Low	6.31	6.49	13.19	9.53	8.41	7.85	6.46	6.32	11.21	7.32	13.74	8.09	8.14	14.14	21.06
Last Price	15.98	13.22	14.89	17.16	11.32	18.9	25.15	30.23	34	31.48	37.12	38.65	34.07	23.47	38.5
High Price	20.25	17.5	17.7	18.29	17.64	19.44	28.6	45	41.9	35.81	39.71	41.63	45.69	35.98	40.32
Enterprise Value Average	148	106	155	166	155	168	220	394	442	321	478	444	471	368	331
Enterprise Value High	201	152	194	195	209	234	338	542	533	452	547	564	595	456	492
Enterprise Value Low	103	74	124	131	109	113	158	255	359	190	404	365	354	254	203

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	13	13	14	14	13	13	13	13	14	14	14	14	13	13	13
Diluted Weighted Avg Shares	14	14	14	14	13	13	13	14	14	14	14	14	14	13	13
Basic Weighted Avg Shares	13	13	14	14	13	13	13	13	14	14	14	14	14	13	13
Revenue per Share	17.85	16.28	17.59	18.18	17.22	17.06	19.18	22.31	21.01	19.89	23.35	26.61	26.16	22.96	23.17
EBITDA per Share	2.07	1.72	1.58	1.85	1.78	1.94	2.65	3.79	3.24	2.84	3.26	4.43	4.35	2.53	1.93
Operating Income per Share	1.22	0.85	0.69	1	0.96	1.09	1.85	3	2.37	1.92	2.16	3.31	3.2	1.35	0.73
Basic EPS, GAAP	0.81	0.87	0.33	0.22	-0.96	0.49	1.08	1.76	1.64	0.8	1.49	2.65	1.89	0.74	0.4
Basic EPS from Cont Ops	0.81	0.88	0.33	0.24	-0.96	0.49	1.09	1.76	1.65	0.8	1.5	2.68	1.92	0.74	0.4
Diluted EPS, GAAP	0.78	0.84	0.32	0.22	-0.96	0.48	1.06	1.75	1.63	0.79	1.48	2.63	1.88	0.74	0.4
Diluted EPS from Cont Ops	0.78	0.85	0.32	0.23	-0.96	0.48	1.07	1.75	1.64	0.79	1.5	2.67	1.91	0.73	0.4
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	1.17	1.58	1.07	1.69	1.06	0.87	1.71	2.63	2.29	2.6	2.46	2.42	3.38	1.48	1.08
Free Cash Flow per Basic Share	1.17	1.58	1.07	1.69	1.06	0.87	1.71	2.63	2.29	2.6	2.46	2.42	3.38	1.48	1.08
Cash & Equivalents per Share	6.06	7.02	5.37	5.79	4.65	4.43	5.6	6.71	6.43	7.26	6.19	6.5	6.19	5.94	6.59
Book Value per Share	1.35	2.22	2.51	2.67	1.76	2.28	3.35	5.06	6.71	7.48	8.94	11.58	13.52	14.48	14.98
Tangible Book Value per Share	13.03	14.12	11.96	12.34	10.54	9.95	11.59	13.74	12.77	14.35	13.13	15.61	17.65	17.47	18.9

Vishay Precision Group, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)