One-glance verdict
Overvalued
$20.95 our estimate vs market $48.66
Wall Street consensus: $74.33 (254.9% higher than our fair-value estimate)
132% above our estimate, beyond the bull case
Fundamentals snapshot
Vishay Precision Group, Inc.
VPG · NYQ · Technology · Scientific & Technical Instruments
Current price
$48.66
52-week range
$29.08 - $151.78
Market cap
$647.23M
Balance sheet
Healthy
4.98x Stretched
Net cash $41.91M. Interest coverage shows how many times profit covers the interest bill.
What stands out
2 Rewards
2 Risks
2 rewards · 2 risks
- Reward Revenue grew 8.7% last year.
- Reward Free cash flow was positive in 10/10 years.
- Risk Operating margin compressed from 12.4% to 0.8% over 3 years.
- Risk Return on equity was -0.9% last year — the company lost money on shareholders' equity.
What this company does
Vishay Precision Group, Inc.
Vishay Precision Group makes specialized parts and systems that precisely measure things like weight, force, and speed, which are crucial for industries from steel making to medical equipment. Most of their money comes from selling these high-tech measurement tools, and understanding how well they are selling these items, and if their selling prices are covering their costs (their margins), helps show how healthy their business is. This matters because their products are essential for ensuring safety and efficiency in many critical industrial processes.
How the company got here
Vishay Precision Group, Inc. (VPG) was established in 2009 as a spin-off from Vishay Intertechnology. The company was formed to focus specifically on precision measurement and sensing technologies. This strategic move allowed VPG to concentrate its resources and expertise on developing and marketing specialized products for demanding applications. Over the years, VPG has grown by acquiring complementary businesses and expanding its technological capabilities in the field of precision measurement.
What it actually does
VPG designs, manufactures, and markets a wide array of precision measurement and sensing products. Think of them as the highly accurate "eyes and ears" for industrial processes and scientific research. Their technologies help measure forces, weight, stress, and speed with extreme precision. These products are crucial for ensuring quality, safety, and efficiency in various industries, from manufacturing to medical devices.
Sensors
The Sensors segment is a significant part of VPG's business, focusing on components that detect and measure physical phenomena. This includes precision resistors, which are critical for controlling electrical current with great accuracy, and strain gages, tiny devices that measure deformation under stress. These sensors are the building blocks for many other measurement systems and are used across a broad range of industries, contributing a substantial portion of the company's overall revenue.
Weighing Solutions
This segment provides comprehensive systems for measuring weight and monitoring loads, particularly in heavy-duty applications. It offers products like load cells (devices that convert force into an electrical signal) and transducers used in vehicle weighing systems to prevent overloading and ensure compliance. These solutions are vital for industries such as bulk hauling, waste management, and scales manufacturing, making this a key revenue generator for VPG.
Measurement Systems
The Measurement Systems segment offers more complex, integrated solutions for specialized measurement needs. This includes systems for measuring rolling forces in steel production, tension in paper or film manufacturing, and even advanced thermal-mechanical simulation systems for metallurgical research. These sophisticated systems, along with data acquisition and control products, represent a smaller but highly specialized slice of VPG's revenue, catering to niche industrial and research markets.
What management is betting on now
VPG's management is focused on leveraging its expertise in precision measurement to drive growth in key markets. A primary strategy involves expanding the reach of its advanced sensing technologies into emerging applications and industries. They are also investing in innovation to develop next-generation products that offer even greater accuracy and functionality. The company aims to capitalize on trends like increased automation and the need for more sophisticated data in industrial processes to enhance its market position and profitability.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2025 Q1
$3.74M
FY2025 Q2
$4.71M
FY2025 Q3
$-3.45M
FY2025 Q4
$1.35M
FY2026 Q2
$-3.66M
FY2026 Q3
$-1.72M
FY2026 Q4
$5.49M
Revenue
$85.07M
Net income
$559.00K
Diluted EPS
0.04
Operating cash flow
$11.07M
Free cash flow
$5.49M
Fetching…
Sources
Revenue
$83.94M
Net income
$-1.72M
Diluted EPS
-0.13
Operating cash flow
$271.00K
Free cash flow
$-1.72M
Fetching…
Sources
Revenue
$84.35M
Net income
$-319.00K
Diluted EPS
-0.02
Operating cash flow
$-596.00K
Free cash flow
$-3.66M
Fetching…
Sources
Revenue
$80.57M
Net income
$-1.87M
Diluted EPS
-0.14
Operating cash flow
$4.43M
Free cash flow
$1.35M
Fetching…
Sources
Revenue
$79.73M
Net income
$7.86M
Diluted EPS
0.59
Operating cash flow
$-1.26M
Free cash flow
$-3.45M
Fetching…
Sources
Revenue
$75.16M
Net income
$248.00K
Diluted EPS
0.02
Operating cash flow
$5.96M
Free cash flow
$4.71M
Fetching…
Sources
Revenue
$71.74M
Net income
$-942.00K
Diluted EPS
-0.07
Operating cash flow
$5.25M
Free cash flow
$3.74M
Fetching…
Sources
Is it cheap or expensive?
Fair value $20.95 vs current price $48.66
Wall Street consensus is the average analyst price target: $74.33 (254.9% higher than our fair-value estimate).
Our most-likely fair value is $20.95 a share — about 57.0% below today's price of $48.66, so the stock currently looks expensive (overvalued).
Is it drowning in debt?
Healthy
Net cash $41.9M - more cash than debt. Interest coverage 5.0x.
Net debt
$-41.91M
Interest coverage
4.98x
Vishay Precision Group, Inc.'s profit covers its interest bill about 5.0 times over.
Healthy
Worse cushion
Baseline
Better cushion
VPG
BASELINE
Vishay Precision Group, Inc.
Total debt $38.94M Interest coverage 4.98x This is the baseline the peer rows are being compared against.
Total debt $88.77M Interest coverage 19.50x +291% vs VPG Carries about 3.9x more debt cushion than VPG.
Total debt $1.79B Interest coverage 5.90x +18% vs VPG Carries about 1.2x more debt cushion than VPG.
Total debt $3.89M Interest coverage 3,784.75x +75,854% vs VPG Carries about 759.5x more debt cushion than VPG.
Total debt $471.25M Interest coverage 3.69x -26% vs VPG Carries about 1.4x less debt cushion than VPG.
Total debt $1.05B Interest coverage 8.98x +80% vs VPG Carries about 1.8x more debt cushion than VPG.
What you should know
The case for and against VPG
2 Rewards
2 Risks
Rewards
-
Revenue grew 8.7% last year.
-
Free cash flow was positive in 10/10 years.
Risks
-
Operating margin compressed from 12.4% to 0.8% over 3 years.
-
Return on equity was -0.9% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
29.43x
P/B
1.94x
P/S
1.94x
EV/EBITDA
31.11x
PEG ratio
1.26x
Profitability
How much profit each dollar creates
Gross margin
38.0%
Operating margin
0.8%
Net margin
-1.0%
ROE
-0.9%
ROA
0.5%
Health
Liquidity and balance-sheet strength
Debt / equity
0.12x
Current ratio
3.59x
Quick ratio
2.03x
Total debt
$38.94M
Total cash
$80.85M
Growth
How the business has been compounding
Revenue TTM
$333.93M
Revenue 5Y CAGR
-0.9%
EPS TTM
-0.25
EPS 5Y CAGR
-46.6%
Cash flow
How much cash the business throws off
Operating CF TTM
$15.17M
Free CF TTM
$6.35M
FCF margin
1.9%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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