Intrinsic value of Littelfuse - LFUS

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$161.34

  Intrinsic Value

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  Value-price divergence*

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*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of LFUS stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 3.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  21.66
  21.70
  20.03
  18.53
  17.17
  15.96
  14.86
  13.88
  12.99
  12.19
  11.47
  10.82
  10.24
  9.72
  9.24
  8.82
  8.44
  8.09
  7.79
  7.51
  7.26
  7.03
  6.83
  6.64
  6.48
  6.33
  6.20
  6.08
  5.97
  5.87
  5.79
Revenue, $m
  1,056
  1,285
  1,543
  1,828
  2,142
  2,484
  2,853
  3,249
  3,671
  4,119
  4,591
  5,088
  5,609
  6,154
  6,723
  7,316
  7,934
  8,576
  9,243
  9,937
  10,658
  11,408
  12,186
  12,996
  13,838
  14,715
  15,627
  16,577
  17,566
  18,598
  19,675
Variable operating expenses, $m
 
  1,099
  1,311
  1,546
  1,805
  2,087
  2,391
  2,717
  3,065
  3,433
  3,822
  4,191
  4,621
  5,070
  5,538
  6,027
  6,535
  7,064
  7,614
  8,186
  8,780
  9,397
  10,038
  10,705
  11,399
  12,121
  12,872
  13,655
  14,470
  15,320
  16,207
Fixed operating expenses, $m
 
  16
  17
  17
  18
  18
  19
  19
  19
  20
  20
  21
  22
  22
  23
  23
  24
  24
  25
  26
  26
  27
  28
  28
  29
  30
  30
  31
  32
  33
  34
Total operating expenses, $m
  926
  1,115
  1,328
  1,563
  1,823
  2,105
  2,410
  2,736
  3,084
  3,453
  3,842
  4,212
  4,643
  5,092
  5,561
  6,050
  6,559
  7,088
  7,639
  8,212
  8,806
  9,424
  10,066
  10,733
  11,428
  12,151
  12,902
  13,686
  14,502
  15,353
  16,241
Operating income, $m
  131
  170
  215
  265
  320
  379
  444
  513
  587
  666
  748
  876
  967
  1,063
  1,162
  1,266
  1,375
  1,487
  1,604
  1,726
  1,852
  1,984
  2,120
  2,262
  2,410
  2,564
  2,724
  2,891
  3,064
  3,245
  3,434
EBITDA, $m
  184
  245
  296
  354
  417
  486
  561
  641
  726
  816
  912
  1,012
  1,117
  1,227
  1,342
  1,462
  1,587
  1,717
  1,852
  1,992
  2,138
  2,289
  2,447
  2,610
  2,781
  2,958
  3,142
  3,334
  3,535
  3,743
  3,961
Interest expense (income), $m
  0
  16
  21
  27
  33
  40
  47
  56
  64
  74
  84
  94
  105
  117
  129
  142
  155
  169
  183
  198
  213
  229
  246
  263
  281
  300
  319
  339
  361
  383
  406
Earnings before tax, $m
  123
  154
  194
  238
  287
  340
  397
  458
  523
  592
  665
  782
  862
  946
  1,033
  1,125
  1,220
  1,319
  1,421
  1,528
  1,639
  1,755
  1,875
  1,999
  2,129
  2,264
  2,405
  2,551
  2,704
  2,863
  3,029
Tax expense, $m
  19
  42
  52
  64
  77
  92
  107
  124
  141
  160
  179
  211
  233
  255
  279
  304
  329
  356
  384
  413
  443
  474
  506
  540
  575
  611
  649
  689
  730
  773
  818
Net income, $m
  104
  112
  142
  174
  209
  248
  289
  334
  382
  432
  485
  571
  629
  690
  754
  821
  890
  963
  1,038
  1,116
  1,197
  1,281
  1,369
  1,460
  1,554
  1,653
  1,755
  1,862
  1,974
  2,090
  2,211

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  279
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,491
  1,475
  1,771
  2,099
  2,460
  2,852
  3,276
  3,731
  4,215
  4,729
  5,271
  5,842
  6,440
  7,066
  7,719
  8,400
  9,109
  9,846
  10,612
  11,409
  12,237
  13,097
  13,991
  14,921
  15,888
  16,894
  17,941
  19,032
  20,168
  21,353
  22,588
Adjusted assets (=assets-cash), $m
  1,212
  1,475
  1,771
  2,099
  2,460
  2,852
  3,276
  3,731
  4,215
  4,729
  5,271
  5,842
  6,440
  7,066
  7,719
  8,400
  9,109
  9,846
  10,612
  11,409
  12,237
  13,097
  13,991
  14,921
  15,888
  16,894
  17,941
  19,032
  20,168
  21,353
  22,588
Revenue / Adjusted assets
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
  0.871
Average production assets, $m
  343
  416
  500
  592
  694
  805
  925
  1,053
  1,190
  1,334
  1,488
  1,649
  1,817
  1,994
  2,178
  2,370
  2,570
  2,779
  2,995
  3,220
  3,453
  3,696
  3,948
  4,211
  4,484
  4,768
  5,063
  5,371
  5,692
  6,026
  6,375
Working capital, $m
  424
  184
  221
  261
  306
  355
  408
  465
  525
  589
  657
  728
  802
  880
  961
  1,046
  1,134
  1,226
  1,322
  1,421
  1,524
  1,631
  1,743
  1,858
  1,979
  2,104
  2,235
  2,370
  2,512
  2,660
  2,813
Total debt, $m
  454
  594
  757
  939
  1,138
  1,355
  1,590
  1,841
  2,109
  2,393
  2,693
  3,008
  3,339
  3,685
  4,047
  4,423
  4,815
  5,223
  5,647
  6,087
  6,545
  7,021
  7,515
  8,029
  8,564
  9,120
  9,699
  10,303
  10,931
  11,586
  12,269
Total liabilities, $m
  676
  816
  979
  1,161
  1,360
  1,577
  1,812
  2,063
  2,331
  2,615
  2,915
  3,230
  3,561
  3,907
  4,269
  4,645
  5,037
  5,445
  5,869
  6,309
  6,767
  7,243
  7,737
  8,251
  8,786
  9,342
  9,921
  10,525
  11,153
  11,808
  12,491
Total equity, $m
  815
  660
  792
  938
  1,099
  1,275
  1,464
  1,668
  1,884
  2,114
  2,356
  2,611
  2,879
  3,158
  3,450
  3,755
  4,072
  4,401
  4,744
  5,100
  5,470
  5,854
  6,254
  6,670
  7,102
  7,552
  8,020
  8,507
  9,015
  9,545
  10,097
Total liabilities and equity, $m
  1,491
  1,476
  1,771
  2,099
  2,459
  2,852
  3,276
  3,731
  4,215
  4,729
  5,271
  5,841
  6,440
  7,065
  7,719
  8,400
  9,109
  9,846
  10,613
  11,409
  12,237
  13,097
  13,991
  14,921
  15,888
  16,894
  17,941
  19,032
  20,168
  21,353
  22,588
Debt-to-equity ratio
  0.557
  0.900
  0.960
  1.000
  1.040
  1.060
  1.090
  1.100
  1.120
  1.130
  1.140
  1.150
  1.160
  1.170
  1.170
  1.180
  1.180
  1.190
  1.190
  1.190
  1.200
  1.200
  1.200
  1.200
  1.210
  1.210
  1.210
  1.210
  1.210
  1.210
  1.220
Adjusted equity ratio
  0.442
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447
  0.447

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  104
  112
  142
  174
  209
  248
  289
  334
  382
  432
  485
  571
  629
  690
  754
  821
  890
  963
  1,038
  1,116
  1,197
  1,281
  1,369
  1,460
  1,554
  1,653
  1,755
  1,862
  1,974
  2,090
  2,211
Depreciation, amort., depletion, $m
  53
  75
  82
  89
  98
  107
  117
  127
  139
  151
  163
  136
  150
  165
  180
  196
  212
  230
  248
  266
  285
  305
  326
  348
  371
  394
  418
  444
  470
  498
  527
Funds from operations, $m
  173
  187
  223
  263
  307
  355
  406
  461
  520
  583
  648
  707
  779
  855
  934
  1,017
  1,103
  1,192
  1,285
  1,382
  1,482
  1,586
  1,695
  1,808
  1,925
  2,047
  2,174
  2,306
  2,444
  2,588
  2,738
Change in working capital, $m
  -7
  33
  37
  41
  45
  49
  53
  57
  60
  64
  68
  71
  75
  78
  81
  85
  88
  92
  95
  99
  103
  107
  111
  116
  120
  125
  130
  136
  142
  148
  154
Cash from operations, $m
  180
  242
  186
  222
  262
  306
  353
  405
  460
  519
  581
  636
  705
  777
  853
  932
  1,015
  1,100
  1,190
  1,283
  1,379
  1,479
  1,583
  1,692
  1,804
  1,922
  2,043
  2,170
  2,303
  2,440
  2,584
Maintenance CAPEX, $m
  0
  -28
  -34
  -41
  -49
  -57
  -67
  -76
  -87
  -98
  -110
  -123
  -136
  -150
  -165
  -180
  -196
  -212
  -230
  -248
  -266
  -285
  -305
  -326
  -348
  -371
  -394
  -418
  -444
  -470
  -498
New CAPEX, $m
  -46
  -74
  -83
  -93
  -102
  -111
  -120
  -128
  -137
  -145
  -153
  -161
  -169
  -177
  -184
  -192
  -200
  -208
  -216
  -225
  -234
  -243
  -252
  -262
  -273
  -284
  -296
  -308
  -321
  -334
  -349
Cash from investing activities, $m
  -511
  -102
  -117
  -134
  -151
  -168
  -187
  -204
  -224
  -243
  -263
  -284
  -305
  -327
  -349
  -372
  -396
  -420
  -446
  -473
  -500
  -528
  -557
  -588
  -621
  -655
  -690
  -726
  -765
  -804
  -847
Free cash flow, $m
  -331
  140
  69
  88
  111
  138
  167
  200
  236
  275
  318
  352
  400
  451
  504
  560
  619
  680
  744
  810
  879
  951
  1,026
  1,103
  1,184
  1,267
  1,354
  1,444
  1,538
  1,636
  1,737
Issuance/(repayment) of debt, $m
  292
  146
  163
  181
  199
  217
  234
  251
  268
  284
  300
  315
  331
  346
  361
  377
  392
  408
  424
  441
  458
  476
  494
  514
  535
  556
  579
  603
  628
  655
  683
Issuance/(repurchase) of shares, $m
  20
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  312
  146
  163
  181
  199
  217
  234
  251
  268
  284
  300
  315
  331
  346
  361
  377
  392
  408
  424
  441
  458
  476
  494
  514
  535
  556
  579
  603
  628
  655
  683
Total cash flow (excl. dividends), $m
  -26
  286
  232
  270
  311
  355
  402
  452
  504
  560
  618
  667
  731
  797
  865
  937
  1,011
  1,088
  1,168
  1,251
  1,337
  1,427
  1,520
  1,617
  1,718
  1,823
  1,933
  2,047
  2,166
  2,291
  2,420
Retained Cash Flow (-), $m
  -76
  -118
  -132
  -147
  -161
  -175
  -189
  -203
  -217
  -230
  -242
  -255
  -267
  -280
  -292
  -304
  -317
  -330
  -343
  -356
  -370
  -385
  -400
  -416
  -432
  -450
  -468
  -488
  -508
  -530
  -552
Prev. year cash balance distribution, $m
 
  273
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  441
  100
  123
  150
  179
  212
  248
  288
  330
  375
  412
  463
  517
  573
  632
  694
  758
  825
  895
  967
  1,042
  1,120
  1,202
  1,286
  1,374
  1,465
  1,560
  1,658
  1,761
  1,868
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  423
  91
  107
  123
  139
  154
  168
  180
  189
  197
  196
  198
  197
  192
  186
  176
  165
  152
  138
  123
  108
  93
  79
  65
  53
  43
  33
  26
  19
  14
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Littelfuse, Inc. designs, manufactures, and sells circuit protection devices for use in the automotive, electronics, and industrial markets worldwide. It operates through three segments: Electronics, Automotive, and Industrial. The Electronics segment provides fuses and protectors, positive temperature coefficient resettable fuses, varistors, polymer electrostatic discharge suppressors, discrete transient voltage suppression (TVS) diodes, TVS diode arrays and protection thyristors, gas discharge tubes, power switching components and fuseholders, reed switch and sensor assemblies, blocks, and related accessories. The segment markets its products under the PICO II and NANO2 SMF brands to the manufacturers of mobile phones, computers, LCD TVs, telecommunications equipment, medical devices, lighting products, and white goods. The Automotive segment provides blade and high current fuses, battery cable protectors, and varistors. This segment markets its products under the ATO, MINI, MIDI, MEGA, Masterfuse, JCASE, and CablePro brands to the automotive original equipment manufacturers and parts distributors of passenger automobiles, trucks, buses, and off-road equipment; and sells its fuses in the automotive replacement parts market. The Industrial segment offers power fuses and other circuit protection devices for use in commercial and industrial buildings, as well as large equipment, such as HVAC systems, elevators, and machine tools for industrial and commercial customers. The company also provides a line of electromechanical and electronic switch and control devices for commercial and specialty vehicles; and sensors for automobile safety systems, as well as protection relays and power distribution centers for the safe control and distribution of electricity. Littelfuse, Inc. sells its products through distributors, direct sales force, and manufacturers┬ĺ representatives. The company was founded in 1927 and is headquartered in Chicago, Illinois.

FINANCIAL RATIOS  of  Littelfuse (LFUS)

Valuation Ratios
P/E Ratio 34.5
Price to Sales 3.4
Price to Book 4.4
Price to Tangible Book
Price to Cash Flow 19.9
Price to Free Cash Flow 26.8
Growth Rates
Sales Growth Rate 21.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 4.5%
Cap. Spend. - 3 Yr. Gr. Rate 5.6%
Financial Strength
Quick Ratio 47
Current Ratio 0
LT Debt to Equity 55%
Total Debt to Equity 55.7%
Interest Coverage 0
Management Effectiveness
Return On Assets 8.1%
Ret/ On Assets - 3 Yr. Avg. 8.4%
Return On Total Capital 9.5%
Ret/ On T. Cap. - 3 Yr. Avg. 9.7%
Return On Equity 13.4%
Return On Equity - 3 Yr. Avg. 12.8%
Asset Turnover 0.8
Profitability Ratios
Gross Margin 39.1%
Gross Margin - 3 Yr. Avg. 38.4%
EBITDA Margin 16.7%
EBITDA Margin - 3 Yr. Avg. 18.1%
Operating Margin 12.3%
Oper. Margin - 3 Yr. Avg. 13.3%
Pre-Tax Margin 11.6%
Pre-Tax Margin - 3 Yr. Avg. 13.2%
Net Profit Margin 9.8%
Net Profit Margin - 3 Yr. Avg. 10.2%
Effective Tax Rate 15.4%
Eff/ Tax Rate - 3 Yr. Avg. 21.8%
Payout Ratio 26.9%

LFUS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the LFUS stock intrinsic value calculation we used $1056 million for the last fiscal year's total revenue generated by Littelfuse. The default revenue input number comes from 2016 income statement of Littelfuse. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our LFUS stock valuation model: a) initial revenue growth rate of 21.7% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for LFUS is calculated based on our internal credit rating of Littelfuse, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Littelfuse.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of LFUS stock the variable cost ratio is equal to 86.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $16 million in the base year in the intrinsic value calculation for LFUS stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Littelfuse.

Corporate tax rate of 27% is the nominal tax rate for Littelfuse. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the LFUS stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for LFUS are equal to 32.4%.

Life of production assets of 12.1 years is the average useful life of capital assets used in Littelfuse operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for LFUS is equal to 14.3%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $815 million for Littelfuse - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 22.206 million for Littelfuse is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Littelfuse at the current share price and the inputted number of shares is $3.6 billion.


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COMPANY NEWS

▶ Littelfuse Named One of the Best Places to Work in Illinois   [May-23-17 10:00AM  Business Wire]
▶ ETFs with exposure to Littelfuse, Inc. : May 9, 2017   [May-09-17 04:45PM  Capital Cube]
▶ Littelfuse tops Street 1Q forecasts   [06:42AM  Associated Press]
▶ Littelfuse Reports First Quarter Results   [06:30AM  Business Wire]
▶ Littelfuse to Present at Upcoming Investor Conferences   [Apr-25-17 11:00AM  Business Wire]
▶ Invest in These Top 4 GARP Stocks Now   [Apr-20-17 07:36AM  Zacks]
▶ Littelfuse to Report First Quarter Results May 3   [Apr-05-17 09:40AM  Business Wire]
▶ Organic Growth Accelerates for Littelfuse   [Feb-01-17 03:19PM  Motley Fool]
▶ Organic Growth Accelerates for Littelfuse   [03:19PM  at Motley Fool]
▶ Littelfuse tops Street 4Q forecasts   [06:48AM  Associated Press]
▶ Littelfuse to Ring Nasdaq Opening Bell on January 11   [Jan-09-17 10:45AM  Business Wire]
▶ Littelfuse to Report Fourth Quarter Results February 1   [Jan-06-17 09:30AM  Business Wire]
▶ Is Littelfuse, Inc. (LFUS) Going to Burn These Hedge Funds?   [Dec-06-16 05:50AM  at Insider Monkey]
▶ Why Insteel Industries Inc. Stock Jumped 13% Today   [Nov-25-16 11:22AM  at Motley Fool]
▶ Littelfuse Announces CEO Succession   [06:30AM  Business Wire]
▶ Soaring Profits for Littelfuse   [Nov-04-16 07:25PM  at Motley Fool]
▶ Littelfuse Reports Third Quarter Results   [06:30AM  Business Wire]
▶ Littelfuse to Report Third Quarter Results November 3   [Oct-05-16 11:41AM  Business Wire]
▶ Littelfuse to Present at CL King Best Ideas Conference   [Aug-22-16 09:30AM  Business Wire]
Stock chart of LFUS Financial statements of LFUS Annual reports of LFUS
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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