Intrinsic value of Littelfuse - LFUS

Previous Close

$176.39

  Intrinsic Value

$262.10

stock screener

  Rating & Target

buy

+49%

  Value-price divergence*

+155%

Previous close

$176.39

 
Intrinsic value

$262.10

 
Up/down potential

+49%

 
Rating

buy

 
Value-price divergence*

+155%

*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 3.9

 

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
  30.10
  27.59
  25.33
  23.30
  21.47
  19.82
  18.34
  17.01
  15.80
  14.72
  13.75
  12.88
  12.09
  11.38
  10.74
  10.17
  9.65
  9.19
  8.77
  8.39
  8.05
  7.75
  7.47
  7.22
  7.00
  6.80
  6.62
  6.46
  6.31
  6.18
Revenue, $m
  1,056
  1,374
  1,753
  2,197
  2,709
  3,290
  3,942
  4,665
  5,459
  6,322
  7,252
  8,250
  9,312
  10,438
  11,626
  12,874
  14,184
  15,552
  16,981
  18,470
  20,020
  21,631
  23,307
  25,049
  26,858
  28,739
  30,694
  32,726
  34,840
  37,040
  39,330
Variable operating expenses, $m
 
  1,172
  1,484
  1,850
  2,272
  2,751
  3,288
  3,884
  4,537
  5,248
  6,015
  6,796
  7,671
  8,598
  9,577
  10,605
  11,684
  12,811
  13,988
  15,214
  16,491
  17,819
  19,199
  20,634
  22,124
  23,673
  25,284
  26,958
  28,699
  30,511
  32,397
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
  1,188
  1,501
  1,867
  2,290
  2,769
  3,307
  3,903
  4,556
  5,268
  6,035
  6,817
  7,693
  8,620
  9,600
  10,628
  11,708
  12,835
  14,013
  15,240
  16,517
  17,846
  19,227
  20,662
  22,153
  23,703
  25,314
  26,989
  28,731
  30,544
  32,431
Operating income, $m
  131
  185
  252
  330
  419
  521
  636
  763
  902
  1,054
  1,217
  1,433
  1,620
  1,818
  2,026
  2,246
  2,476
  2,717
  2,968
  3,230
  3,502
  3,786
  4,081
  4,387
  4,705
  5,036
  5,380
  5,737
  6,109
  6,496
  6,899
EBITDA, $m
  184
  263
  339
  429
  532
  650
  782
  928
  1,089
  1,264
  1,452
  1,654
  1,869
  2,097
  2,338
  2,591
  2,856
  3,133
  3,423
  3,724
  4,038
  4,365
  4,705
  5,057
  5,424
  5,805
  6,201
  6,613
  7,042
  7,488
  7,952
Interest expense (income), $m
  0
  16
  23
  31
  41
  52
  65
  80
  96
  114
  133
  153
  176
  199
  224
  251
  278
  307
  338
  370
  403
  437
  473
  510
  549
  589
  631
  674
  719
  766
  815
Earnings before tax, $m
  123
  170
  229
  298
  378
  469
  571
  683
  806
  940
  1,085
  1,280
  1,444
  1,619
  1,802
  1,995
  2,198
  2,409
  2,630
  2,860
  3,100
  3,349
  3,608
  3,877
  4,156
  4,447
  4,749
  5,063
  5,389
  5,729
  6,083
Tax expense, $m
  19
  46
  62
  81
  102
  127
  154
  184
  218
  254
  293
  346
  390
  437
  487
  539
  593
  651
  710
  772
  837
  904
  974
  1,047
  1,122
  1,201
  1,282
  1,367
  1,455
  1,547
  1,642
Net income, $m
  104
  124
  167
  218
  276
  342
  417
  499
  589
  686
  792
  934
  1,054
  1,182
  1,316
  1,457
  1,604
  1,759
  1,920
  2,088
  2,263
  2,445
  2,634
  2,830
  3,034
  3,246
  3,467
  3,696
  3,934
  4,182
  4,441

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
  1,577
  2,013
  2,522
  3,110
  3,778
  4,526
  5,356
  6,267
  7,258
  8,327
  9,472
  10,691
  11,984
  13,347
  14,781
  16,284
  17,856
  19,496
  21,205
  22,985
  24,835
  26,759
  28,758
  30,836
  32,995
  35,240
  37,573
  40,000
  42,526
  45,155
Adjusted assets (=assets-cash), $m
  1,212
  1,577
  2,013
  2,522
  3,110
  3,778
  4,526
  5,356
  6,267
  7,258
  8,327
  9,472
  10,691
  11,984
  13,347
  14,781
  16,284
  17,856
  19,496
  21,205
  22,985
  24,835
  26,759
  28,758
  30,836
  32,995
  35,240
  37,573
  40,000
  42,526
  45,155
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
  445
  568
  712
  878
  1,066
  1,277
  1,512
  1,769
  2,048
  2,350
  2,673
  3,017
  3,382
  3,767
  4,171
  4,595
  5,039
  5,502
  5,984
  6,486
  7,009
  7,552
  8,116
  8,702
  9,311
  9,945
  10,603
  11,288
  12,001
  12,743
Working capital, $m
  424
  196
  251
  314
  387
  471
  564
  667
  781
  904
  1,037
  1,180
  1,332
  1,493
  1,662
  1,841
  2,028
  2,224
  2,428
  2,641
  2,863
  3,093
  3,333
  3,582
  3,841
  4,110
  4,389
  4,680
  4,982
  5,297
  5,624
Total debt, $m
  454
  650
  891
  1,173
  1,498
  1,867
  2,281
  2,740
  3,244
  3,792
  4,383
  5,016
  5,690
  6,405
  7,159
  7,952
  8,783
  9,652
  10,559
  11,505
  12,488
  13,512
  14,576
  15,681
  16,830
  18,024
  19,265
  20,556
  21,898
  23,295
  24,748
Total liabilities, $m
  676
  872
  1,113
  1,395
  1,720
  2,089
  2,503
  2,962
  3,466
  4,014
  4,605
  5,238
  5,912
  6,627
  7,381
  8,174
  9,005
  9,874
  10,781
  11,727
  12,710
  13,734
  14,798
  15,903
  17,052
  18,246
  19,487
  20,778
  22,120
  23,517
  24,970
Total equity, $m
  815
  705
  900
  1,127
  1,390
  1,689
  2,023
  2,394
  2,802
  3,244
  3,722
  4,234
  4,779
  5,357
  5,966
  6,607
  7,279
  7,982
  8,715
  9,479
  10,274
  11,101
  11,961
  12,855
  13,784
  14,749
  15,752
  16,795
  17,880
  19,009
  20,184
Total liabilities and equity, $m
  1,491
  1,577
  2,013
  2,522
  3,110
  3,778
  4,526
  5,356
  6,268
  7,258
  8,327
  9,472
  10,691
  11,984
  13,347
  14,781
  16,284
  17,856
  19,496
  21,206
  22,984
  24,835
  26,759
  28,758
  30,836
  32,995
  35,239
  37,573
  40,000
  42,526
  45,154
Debt-to-equity ratio
  0.557
  0.920
  0.990
  1.040
  1.080
  1.110
  1.130
  1.140
  1.160
  1.170
  1.180
  1.180
  1.190
  1.200
  1.200
  1.200
  1.210
  1.210
  1.210
  1.210
  1.220
  1.220
  1.220
  1.220
  1.220
  1.220
  1.220
  1.220
  1.220
  1.230
  1.230
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
  124
  167
  218
  276
  342
  417
  499
  589
  686
  792
  934
  1,054
  1,182
  1,316
  1,457
  1,604
  1,759
  1,920
  2,088
  2,263
  2,445
  2,634
  2,830
  3,034
  3,246
  3,467
  3,696
  3,934
  4,182
  4,441
Depreciation, amort., depletion, $m
  53
  77
  87
  99
  113
  129
  146
  165
  187
  210
  235
  221
  249
  279
  311
  345
  380
  416
  455
  495
  536
  579
  624
  671
  719
  770
  822
  876
  933
  992
  1,053
Funds from operations, $m
  173
  201
  255
  317
  389
  471
  562
  664
  775
  896
  1,026
  1,155
  1,304
  1,461
  1,627
  1,801
  1,984
  2,175
  2,375
  2,583
  2,799
  3,024
  3,258
  3,501
  3,753
  4,016
  4,288
  4,572
  4,867
  5,174
  5,494
Change in working capital, $m
  -7
  45
  54
  63
  73
  83
  93
  103
  113
  123
  133
  143
  152
  161
  170
  179
  187
  196
  204
  213
  222
  231
  240
  249
  259
  269
  280
  291
  302
  315
  327
Cash from operations, $m
  180
  156
  200
  254
  316
  388
  469
  561
  662
  773
  893
  1,012
  1,152
  1,300
  1,457
  1,623
  1,797
  1,980
  2,170
  2,370
  2,577
  2,793
  3,018
  3,252
  3,494
  3,747
  4,009
  4,281
  4,565
  4,860
  5,166
Maintenance CAPEX, $m
  0
  -28
  -37
  -47
  -59
  -73
  -88
  -106
  -125
  -146
  -169
  -194
  -221
  -249
  -279
  -311
  -345
  -380
  -416
  -455
  -495
  -536
  -579
  -624
  -671
  -719
  -770
  -822
  -876
  -933
  -992
New CAPEX, $m
  -46
  -103
  -123
  -144
  -166
  -188
  -211
  -234
  -257
  -280
  -302
  -323
  -344
  -365
  -385
  -405
  -424
  -444
  -463
  -482
  -502
  -522
  -543
  -564
  -586
  -609
  -633
  -659
  -685
  -713
  -742
Cash from investing activities, $m
  -511
  -131
  -160
  -191
  -225
  -261
  -299
  -340
  -382
  -426
  -471
  -517
  -565
  -614
  -664
  -716
  -769
  -824
  -879
  -937
  -997
  -1,058
  -1,122
  -1,188
  -1,257
  -1,328
  -1,403
  -1,481
  -1,561
  -1,646
  -1,734
Free cash flow, $m
  -331
  25
  41
  63
  91
  127
  170
  221
  280
  347
  422
  495
  587
  686
  793
  907
  1,028
  1,156
  1,291
  1,433
  1,581
  1,735
  1,896
  2,063
  2,237
  2,418
  2,606
  2,801
  3,004
  3,214
  3,433
Issuance/(repayment) of debt, $m
  292
  202
  241
  282
  325
  369
  414
  459
  504
  548
  591
  633
  674
  715
  754
  793
  831
  869
  907
  945
  984
  1,023
  1,064
  1,106
  1,149
  1,194
  1,241
  1,290
  1,342
  1,397
  1,454
Issuance/(repurchase) of shares, $m
  20
  39
  27
  10
  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
  241
  268
  292
  325
  369
  414
  459
  504
  548
  591
  633
  674
  715
  754
  793
  831
  869
  907
  945
  984
  1,023
  1,064
  1,106
  1,149
  1,194
  1,241
  1,290
  1,342
  1,397
  1,454
Total cash flow (excl. dividends), $m
  -26
  266
  309
  355
  416
  496
  584
  680
  784
  895
  1,013
  1,128
  1,261
  1,401
  1,547
  1,700
  1,859
  2,025
  2,198
  2,378
  2,564
  2,758
  2,960
  3,169
  3,386
  3,612
  3,847
  4,091
  4,346
  4,611
  4,887
Retained Cash Flow (-), $m
  -76
  -163
  -195
  -228
  -263
  -298
  -335
  -371
  -407
  -443
  -478
  -512
  -545
  -578
  -610
  -641
  -672
  -703
  -733
  -764
  -795
  -827
  -860
  -894
  -929
  -965
  -1,003
  -1,043
  -1,085
  -1,129
  -1,175
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
 
  376
  114
  127
  154
  198
  249
  309
  376
  452
  536
  617
  716
  823
  937
  1,059
  1,187
  1,323
  1,465
  1,614
  1,769
  1,931
  2,100
  2,275
  2,458
  2,647
  2,844
  3,048
  3,261
  3,482
  3,711
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
 
  361
  105
  110
  126
  153
  181
  209
  235
  260
  281
  293
  306
  313
  315
  311
  302
  288
  270
  248
  225
  200
  174
  149
  125
  103
  83
  65
  50
  38
  28
Current shareholders' claim on cash, %
  100
  98.5
  97.7
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5
  97.5

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 37.7
Price to Sales 3.7
Price to Book 4.8
Price to Tangible Book
Price to Cash Flow 21.8
Price to Free Cash Flow 29.2
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 30.1% 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 $3.9 billion.

RELATED COMPANIES Price Int.Val. Rating
TEL TE Connectivit 77.71 81.66  hold
SMTC Semtech 35.80 120.94  str.buy
VSH Vishay Interte 16.80 53.00  str.buy
CTS CTS 21.75 8.96  str.sell
ON ON Semiconduct 15.94 11.02  sell
KEM Kemet 20.26 9.78  sell
AVX AVX 16.71 19.58  hold
GE General Electr 24.55 16.08  sell

COMPANY NEWS

▶ Littelfuse meets 2Q profit forecasts   [Aug-02-17 09:58PM  Associated Press]
▶ A Bottom-Line Surge for Littelfuse   [06:30PM  Motley Fool]
▶ Littelfuse Reports Second Quarter Results   [06:30AM  Business Wire]
▶ Littelfuse Raises Guidance for Second Quarter   [Jul-18-17 06:30AM  Business Wire]
▶ Can This Electronics Stock Spark A New Breakout Ahead Of Q2 Earnings?   [Jul-06-17 11:22AM  Investor's Business Daily]
▶ Littelfuse to Report Second Quarter Results August 2   [Jun-29-17 11:30AM  Business Wire]
▶ 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]
Stock chart of LFUS Financial statements 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.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.