Intrinsic value of Vishay Intertechnology - VSH

Previous Close

$20.55

  Intrinsic Value

$83.66

stock screener

  Rating & Target

str. buy

+307%

Previous close

$20.55

 
Intrinsic value

$83.66

 
Up/down potential

+307%

 
Rating

str. buy

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

We calculate the intrinsic value of VSH 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 3.0

 

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, %
  1.00
  9.30
  8.87
  8.48
  8.13
  7.82
  7.54
  7.29
  7.06
  6.85
  6.67
  6.50
  6.35
  6.21
  6.09
  5.98
  5.89
  5.80
  5.72
  5.65
  5.58
  5.52
  5.47
  5.42
  5.38
  5.34
  5.31
  5.28
  5.25
  5.23
  5.20
Revenue, $m
  2,323
  2,539
  2,764
  2,999
  3,243
  3,496
  3,760
  4,034
  4,318
  4,614
  4,922
  5,242
  5,575
  5,921
  6,282
  6,658
  7,050
  7,458
  7,885
  8,330
  8,795
  9,280
  9,788
  10,319
  10,874
  11,455
  12,063
  12,700
  13,367
  14,065
  14,797
Variable operating expenses, $m
 
  486
  528
  572
  617
  664
  713
  764
  817
  872
  929
  975
  1,036
  1,101
  1,168
  1,238
  1,311
  1,387
  1,466
  1,549
  1,635
  1,725
  1,820
  1,919
  2,022
  2,130
  2,243
  2,361
  2,485
  2,615
  2,751
Fixed operating expenses, $m
 
  1,855
  1,902
  1,949
  1,998
  2,048
  2,099
  2,152
  2,205
  2,260
  2,317
  2,375
  2,434
  2,495
  2,557
  2,621
  2,687
  2,754
  2,823
  2,894
  2,966
  3,040
  3,116
  3,194
  3,274
  3,356
  3,440
  3,526
  3,614
  3,704
  3,797
Total operating expenses, $m
  2,208
  2,341
  2,430
  2,521
  2,615
  2,712
  2,812
  2,916
  3,022
  3,132
  3,246
  3,350
  3,470
  3,596
  3,725
  3,859
  3,998
  4,141
  4,289
  4,443
  4,601
  4,765
  4,936
  5,113
  5,296
  5,486
  5,683
  5,887
  6,099
  6,319
  6,548
Operating income, $m
  115
  198
  335
  478
  628
  784
  948
  1,118
  1,296
  1,482
  1,676
  1,892
  2,104
  2,325
  2,556
  2,798
  3,052
  3,317
  3,596
  3,887
  4,193
  4,515
  4,852
  5,206
  5,578
  5,970
  6,381
  6,813
  7,268
  7,746
  8,249
EBITDA, $m
  274
  362
  513
  670
  834
  1,006
  1,185
  1,371
  1,566
  1,769
  1,982
  2,203
  2,434
  2,676
  2,929
  3,193
  3,470
  3,759
  4,063
  4,381
  4,715
  5,065
  5,432
  5,818
  6,223
  6,649
  7,096
  7,566
  8,060
  8,580
  9,126
Interest expense (income), $m
  19
  19
  25
  32
  38
  45
  52
  59
  67
  75
  83
  92
  101
  110
  120
  130
  141
  152
  163
  175
  187
  200
  214
  228
  243
  259
  275
  292
  310
  329
  348
Earnings before tax, $m
  94
  178
  309
  446
  590
  739
  896
  1,059
  1,229
  1,407
  1,592
  1,800
  2,003
  2,215
  2,436
  2,668
  2,911
  3,166
  3,433
  3,712
  4,006
  4,314
  4,638
  4,978
  5,335
  5,711
  6,106
  6,521
  6,958
  7,417
  7,901
Tax expense, $m
  45
  48
  84
  121
  159
  200
  242
  286
  332
  380
  430
  486
  541
  598
  658
  720
  786
  855
  927
  1,002
  1,082
  1,165
  1,252
  1,344
  1,441
  1,542
  1,649
  1,761
  1,879
  2,003
  2,133
Net income, $m
  49
  130
  226
  326
  430
  540
  654
  773
  897
  1,027
  1,162
  1,314
  1,462
  1,617
  1,779
  1,948
  2,125
  2,311
  2,506
  2,710
  2,924
  3,149
  3,386
  3,634
  3,895
  4,169
  4,457
  4,760
  5,079
  5,415
  5,768

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  1,098
  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
  3,078
  2,165
  2,357
  2,556
  2,764
  2,981
  3,205
  3,439
  3,682
  3,934
  4,196
  4,469
  4,752
  5,048
  5,355
  5,676
  6,010
  6,358
  6,722
  7,101
  7,497
  7,912
  8,344
  8,797
  9,270
  9,766
  10,284
  10,827
  11,395
  11,991
  12,614
Adjusted assets (=assets-cash), $m
  1,980
  2,165
  2,357
  2,556
  2,764
  2,981
  3,205
  3,439
  3,682
  3,934
  4,196
  4,469
  4,752
  5,048
  5,355
  5,676
  6,010
  6,358
  6,722
  7,101
  7,497
  7,912
  8,344
  8,797
  9,270
  9,766
  10,284
  10,827
  11,395
  11,991
  12,614
Revenue / Adjusted assets
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
  1.173
Average production assets, $m
  951
  1,038
  1,131
  1,226
  1,326
  1,430
  1,538
  1,650
  1,766
  1,887
  2,013
  2,144
  2,280
  2,422
  2,569
  2,723
  2,883
  3,050
  3,225
  3,407
  3,597
  3,796
  4,003
  4,220
  4,447
  4,685
  4,934
  5,194
  5,467
  5,753
  6,052
Working capital, $m
  1,407
  338
  368
  399
  431
  465
  500
  536
  574
  614
  655
  697
  741
  787
  835
  885
  938
  992
  1,049
  1,108
  1,170
  1,234
  1,302
  1,372
  1,446
  1,524
  1,604
  1,689
  1,778
  1,871
  1,968
Total debt, $m
  446
  588
  734
  887
  1,046
  1,211
  1,383
  1,561
  1,747
  1,939
  2,140
  2,348
  2,565
  2,791
  3,025
  3,270
  3,526
  3,792
  4,069
  4,359
  4,662
  4,978
  5,309
  5,655
  6,016
  6,395
  6,791
  7,206
  7,640
  8,095
  8,571
Total liabilities, $m
  1,512
  1,654
  1,800
  1,953
  2,112
  2,277
  2,449
  2,627
  2,813
  3,005
  3,206
  3,414
  3,631
  3,857
  4,091
  4,336
  4,592
  4,858
  5,135
  5,425
  5,728
  6,044
  6,375
  6,721
  7,082
  7,461
  7,857
  8,272
  8,706
  9,161
  9,637
Total equity, $m
  1,566
  511
  556
  603
  652
  703
  756
  812
  869
  928
  990
  1,055
  1,122
  1,191
  1,264
  1,339
  1,418
  1,501
  1,586
  1,676
  1,769
  1,867
  1,969
  2,076
  2,188
  2,305
  2,427
  2,555
  2,689
  2,830
  2,977
Total liabilities and equity, $m
  3,078
  2,165
  2,356
  2,556
  2,764
  2,980
  3,205
  3,439
  3,682
  3,933
  4,196
  4,469
  4,753
  5,048
  5,355
  5,675
  6,010
  6,359
  6,721
  7,101
  7,497
  7,911
  8,344
  8,797
  9,270
  9,766
  10,284
  10,827
  11,395
  11,991
  12,614
Debt-to-equity ratio
  0.285
  1.150
  1.320
  1.470
  1.600
  1.720
  1.830
  1.920
  2.010
  2.090
  2.160
  2.230
  2.290
  2.340
  2.390
  2.440
  2.490
  2.530
  2.570
  2.600
  2.630
  2.670
  2.700
  2.720
  2.750
  2.770
  2.800
  2.820
  2.840
  2.860
  2.880
Adjusted equity ratio
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  49
  130
  226
  326
  430
  540
  654
  773
  897
  1,027
  1,162
  1,314
  1,462
  1,617
  1,779
  1,948
  2,125
  2,311
  2,506
  2,710
  2,924
  3,149
  3,386
  3,634
  3,895
  4,169
  4,457
  4,760
  5,079
  5,415
  5,768
Depreciation, amort., depletion, $m
  159
  165
  178
  192
  206
  221
  237
  253
  270
  288
  306
  311
  330
  351
  372
  395
  418
  442
  467
  494
  521
  550
  580
  612
  645
  679
  715
  753
  792
  834
  877
Funds from operations, $m
  314
  295
  404
  518
  637
  761
  891
  1,026
  1,167
  1,315
  1,468
  1,625
  1,793
  1,968
  2,151
  2,343
  2,543
  2,753
  2,973
  3,204
  3,446
  3,700
  3,966
  4,246
  4,539
  4,848
  5,172
  5,513
  5,872
  6,248
  6,645
Change in working capital, $m
  18
  29
  30
  31
  32
  34
  35
  36
  38
  39
  41
  43
  44
  46
  48
  50
  52
  54
  57
  59
  62
  65
  68
  71
  74
  77
  81
  85
  89
  93
  97
Cash from operations, $m
  296
  266
  374
  486
  604
  727
  856
  990
  1,129
  1,275
  1,427
  1,582
  1,748
  1,922
  2,103
  2,293
  2,491
  2,699
  2,916
  3,145
  3,384
  3,635
  3,898
  4,175
  4,465
  4,771
  5,091
  5,428
  5,783
  6,155
  6,547
Maintenance CAPEX, $m
  0
  -138
  -151
  -164
  -178
  -192
  -207
  -223
  -239
  -256
  -274
  -292
  -311
  -330
  -351
  -372
  -395
  -418
  -442
  -467
  -494
  -521
  -550
  -580
  -612
  -645
  -679
  -715
  -753
  -792
  -834
New CAPEX, $m
  -135
  -88
  -92
  -96
  -100
  -104
  -108
  -112
  -116
  -121
  -126
  -131
  -136
  -142
  -148
  -154
  -160
  -167
  -174
  -182
  -190
  -199
  -208
  -217
  -227
  -238
  -249
  -260
  -273
  -286
  -299
Cash from investing activities, $m
  -149
  -226
  -243
  -260
  -278
  -296
  -315
  -335
  -355
  -377
  -400
  -423
  -447
  -472
  -499
  -526
  -555
  -585
  -616
  -649
  -684
  -720
  -758
  -797
  -839
  -883
  -928
  -975
  -1,026
  -1,078
  -1,133
Free cash flow, $m
  147
  40
  131
  227
  327
  431
  541
  655
  774
  898
  1,028
  1,160
  1,301
  1,450
  1,604
  1,766
  1,936
  2,114
  2,300
  2,495
  2,700
  2,915
  3,141
  3,378
  3,627
  3,888
  4,164
  4,453
  4,757
  5,078
  5,414
Issuance/(repayment) of debt, $m
  -82
  142
  147
  153
  159
  165
  172
  178
  185
  193
  200
  208
  217
  226
  235
  245
  255
  266
  278
  290
  303
  316
  331
  346
  362
  378
  396
  415
  434
  455
  477
Issuance/(repurchase) of shares, $m
  -23
  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  
  -105
  142
  147
  153
  159
  165
  172
  178
  185
  193
  200
  208
  217
  226
  235
  245
  255
  266
  278
  290
  303
  316
  331
  346
  362
  378
  396
  415
  434
  455
  477
Total cash flow (excl. dividends), $m
  33
  182
  278
  379
  486
  597
  712
  833
  959
  1,091
  1,228
  1,368
  1,518
  1,675
  1,839
  2,011
  2,191
  2,380
  2,578
  2,785
  3,003
  3,231
  3,471
  3,723
  3,988
  4,267
  4,560
  4,868
  5,192
  5,532
  5,891
Retained Cash Flow (-), $m
  56
  -43
  -45
  -47
  -49
  -51
  -53
  -55
  -57
  -60
  -62
  -64
  -67
  -70
  -73
  -76
  -79
  -82
  -86
  -90
  -94
  -98
  -102
  -107
  -112
  -117
  -122
  -128
  -134
  -141
  -147
Prev. year cash balance distribution, $m
 
  1,098
  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
 
  1,237
  233
  332
  437
  546
  659
  778
  902
  1,031
  1,166
  1,304
  1,451
  1,605
  1,767
  1,936
  2,112
  2,298
  2,492
  2,696
  2,909
  3,134
  3,369
  3,617
  3,877
  4,150
  4,437
  4,740
  5,057
  5,392
  5,744
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
 
  1,186
  213
  289
  359
  423
  478
  526
  564
  592
  612
  619
  619
  610
  593
  568
  537
  500
  459
  415
  370
  324
  280
  237
  197
  161
  129
  102
  78
  59
  43
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

Vishay Intertechnology, Inc. is a global manufacturer and supplier of discrete semiconductors and passive components. The Company operates through five product segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors and Capacitors. MOSFETs segment offers low-voltage TrenchFET MOSFETs and high-voltage MOSFETs. Diodes segment's products include rectifiers, small signal diodes, protection diodes, thyristors/silicon-controlled rectifiers (SCRs) and power modules. Optoelectronic Components segment includes infrared (IR) emitters and detectors, IR remote control receivers, optocouplers, solid-state relays, optical sensors, light-emitting diodes (LEDs), 7-segment displays and IR data transceiver modules (IrDA). Resistors and Inductors segment manufactures various types of fixed resistors, both in discrete and network forms, as well as various variable types. Capacitors segment manufactures products based on capacitor technologies.

FINANCIAL RATIOS  of  Vishay Intertechnology (VSH)

Valuation Ratios
P/E Ratio 61.2
Price to Sales 1.3
Price to Book 1.9
Price to Tangible Book
Price to Cash Flow 10.1
Price to Free Cash Flow 18.6
Growth Rates
Sales Growth Rate 1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -8.2%
Cap. Spend. - 3 Yr. Gr. Rate -2.5%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 28.5%
Total Debt to Equity 28.5%
Interest Coverage 6
Management Effectiveness
Return On Assets 1.9%
Ret/ On Assets - 3 Yr. Avg. 0.6%
Return On Total Capital 2.4%
Ret/ On T. Cap. - 3 Yr. Avg. 0.9%
Return On Equity 3.1%
Return On Equity - 3 Yr. Avg. 1%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 24.5%
Gross Margin - 3 Yr. Avg. 24.2%
EBITDA Margin 11.7%
EBITDA Margin - 3 Yr. Avg. 12.7%
Operating Margin 5%
Oper. Margin - 3 Yr. Avg. 5.5%
Pre-Tax Margin 4%
Pre-Tax Margin - 3 Yr. Avg. 4.7%
Net Profit Margin 2.1%
Net Profit Margin - 3 Yr. Avg. 0.7%
Effective Tax Rate 47.9%
Eff/ Tax Rate - 3 Yr. Avg. 107.1%
Payout Ratio 75.5%

VSH stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the VSH stock intrinsic value calculation we used $2323 million for the last fiscal year's total revenue generated by Vishay Intertechnology. The default revenue input number comes from 2016 income statement of Vishay Intertechnology. 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 VSH stock valuation model: a) initial revenue growth rate of 9.3% 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 VSH is calculated based on our internal credit rating of Vishay Intertechnology, 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 Vishay Intertechnology.
    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 VSH stock the variable cost ratio is equal to 19.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $1810 million in the base year in the intrinsic value calculation for VSH 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 4.3% for Vishay Intertechnology.

Corporate tax rate of 27% is the nominal tax rate for Vishay Intertechnology. 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 VSH 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 VSH are equal to 40.9%.

Life of production assets of 6.9 years is the average useful life of capital assets used in Vishay Intertechnology 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 VSH is equal to 13.3%. 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 - $1566 million for Vishay Intertechnology - 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 146.262 million for Vishay Intertechnology 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 Vishay Intertechnology at the current share price and the inputted number of shares is $3.0 billion.

RELATED COMPANIES Price Int.Val. Rating
ON ON Semiconduct 19.51 11.16  sell
DIOD Diodes 27.25 11.17  str.sell
AVX AVX 17.25 16.16  hold
LFUS Littelfuse 193.95 130.79  sell
KEM Kemet 14.66 123.18  str.buy
IXYS IXYS 23.80 20.26  hold
AOSL Alpha&Omega Se 17.48 17.77  hold

COMPANY NEWS

▶ 3 Tech Stocks for Growth Investors to Buy Now   [Nov-28-17 01:53PM  Zacks]
▶ Vishay Intertechnology Increases Quarterly Dividend   [Nov-15-17 04:15PM  GlobeNewswire]
▶ 3 "Internet of Things" Stocks to Buy Now   [Nov-06-17 04:27PM  Zacks]
▶ 3 Stocks That Know How to Beat Earnings   [Oct-30-17 04:09PM  Zacks]
▶ Vishay beats 3Q profit forecasts   [Oct-26-17 08:30AM  Associated Press]
▶ 3 "Internet of Things" Stocks to Buy Now   [Oct-06-17 01:40PM  Zacks]
▶ New Strong Buy Stocks for August 31st   [Aug-31-17 08:56AM  Zacks]
▶ Vishay Intertechnology Declares Quarterly Dividend   [Aug-22-17 04:15PM  GlobeNewswire]
▶ 4 Stocks Flaunting Low Price-to-Cash-Flow Ratio   [Aug-17-17 09:02AM  Zacks]
▶ Vishay beats 2Q profit forecasts   [Aug-03-17 09:57AM  Associated Press]
Financial statements of VSH
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.