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Vishay Intertechnology, Inc. (VSH) 10-Year Financial Performance & Capital Metrics

VSH • • Industrial / General
TechnologySemiconductorsAnalog & Mixed-Signal SemiconductorsPower Management & Analog ICs
AboutVishay Intertechnology, Inc. manufactures and supplies discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. It operates through six segments: Metal Oxide Semiconductor Field Effect Transistors (MOSFETs), Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors. The MOSFETs segment offers low- and medium-voltage TrenchFET MOSFETs, high-voltage planar MOSFETs, high voltage Super Junction MOSFETs, power integrated circuits, and integrated function power devices. The Diodes segment provides rectifiers, small signal diodes, protection diodes, thyristors/silicon-controlled rectifiers, and power modules. The Optoelectronic Components segment contains standard and customer specific optoelectronic components, such as infrared (IR) emitters and detectors, IR remote control receivers, optocouplers, solid-state relays, optical sensors, light-emitting diodes, 7-segment displays, and IR data transceiver modules. The Resistors segment offers resistors, which are basic components used in various forms of electronic circuitry to adjust and regulate levels of voltage and current. The Inductors segment provides inductors for use as an internal magnetic field to change alternating current phase and resist alternating current. The Capacitors segment offers capacitors, which store energy and discharge it when needed. The company sells its products under Siliconix, Dale, Draloric, Beyschlag, Sfernice, MCB, UltraSource, Applied Thin-Film Products, IHLP, HiRel Systems, Sprague, Vitramon, Barry, Roederstein, ESTA, and BCcomponents brands. It serves industrial, computing, automotive, consumer, telecommunications, power supplies, military, aerospace, and medical end markets. Vishay Intertechnology, Inc. was incorporated in 1962 and is headquartered in Malvern, Pennsylvania.Show more
  • Revenue $2.94B -13.7%
  • EBITDA $216M -67.7%
  • Net Income -$31M -109.6%
  • EPS (Diluted) -0.23 -110.0%
  • Gross Margin 21.32% -25.6%
  • EBITDA Margin 7.36% -62.6%
  • Operating Margin 0.19% -98.7%
  • Net Margin -1.06% -111.1%
  • ROE -1.47% -109.7%
  • ROIC 0.18% -98.9%
  • Debt/Equity 0.51 +17.4%
  • Interest Coverage 0.20 -98.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Healthy dividend yield of 2.2%
  • ✓Share count reduced 2.3% through buybacks
  • ✓Trading at only 1.2x book value

✗Weaknesses

  • ✗Weak Piotroski F-Score: 3/9
  • ✗Negative free cash flow

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.65%
5Y1.94%
3Y-3.22%
TTM-6.36%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-151.15%

EPS CAGR

10Y-
5Y-
3Y-
TTM-152.46%

ROCE

10Y Avg10.77%
5Y Avg12.11%
3Y Avg11.75%
Latest0.16%

Peer Comparison

Power Management & Analog ICs
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
POWIPower Integrations, Inc.2.41B43.4877.64-5.75%4.03%2.67%2.66%
DIODDiodes Incorporated2.67B57.4760.49-21.1%4.49%3.3%1.74%0.05
TXNTexas Instruments Incorporated171.84B189.1236.37-10.72%29.21%30.33%0.87%0.80
MPWRMonolithic Power Systems, Inc.48.36B1009.5427.5921.2%71.22%53.12%1.33%0.01
STMSTMicroelectronics N.V.24.88B28.0016.87-23.24%5.29%3.42%0.18
ONON Semiconductor Corporation24.26B60.2816.61-14.19%5.16%4.03%5%0.38
MXMagnachip Semiconductor Corporation103.99M2.89-2.010.73%-18.84%-14.85%0.11
AOSLAlpha and Omega Semiconductor Limited676.08M22.49-6.825.92%-13.86%-11.58%0.06

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+2.3B2.32B2.6B3.03B2.67B2.5B3.24B3.5B3.4B2.94B
Revenue Growth %-0.08%0.01%0.12%0.17%-0.12%-0.06%0.3%0.08%-0.03%-0.14%
Cost of Goods Sold+1.76B1.75B1.9B2.15B2B1.92B2.35B2.44B2.43B2.31B
COGS % of Revenue0.76%0.75%0.73%0.71%0.75%0.77%0.73%0.7%0.71%0.79%
Gross Profit+542.22M569.78M699.61M888.52M671.2M581.9M887.91M1.06B974.49M626.29M
Gross Margin %0.24%0.25%0.27%0.29%0.25%0.23%0.27%0.3%0.29%0.21%
Gross Profit Growth %-0.11%0.05%0.23%0.27%-0.24%-0.13%0.53%0.19%-0.08%-0.36%
Operating Expenses+362.23M367.99M376.75M403.4M408.77M372.19M420.11M443.5M488.35M620.66M
OpEx % of Revenue0.16%0.16%0.14%0.13%0.15%0.15%0.13%0.13%0.14%0.21%
Selling, General & Admin362.23M367.99M376.75M403.4M384.63M371.45M334.94M443.5M388.84M513.56M
SG&A % of Revenue0.16%0.16%0.14%0.13%0.14%0.15%0.1%0.13%0.11%0.17%
Research & Development64.19M66.84M67.15M72.89M0077.38M099.51M120.13M
R&D % of Revenue0.03%0.03%0.03%0.02%--0.02%-0.03%0.04%
Other Operating Expenses7.98M4.72M1.74M-5.08M24.14M743K7.79M00-13.03M
Operating Income+97.8M101.72M311.59M485.12M262.43M209.71M467.8M615.49M486.14M5.63M
Operating Margin %0.04%0.04%0.12%0.16%0.1%0.08%0.14%0.18%0.14%0%
Operating Income Growth %-0.48%0.04%2.06%0.56%-0.46%-0.2%1.23%0.32%-0.21%-0.99%
EBITDA+273.97M261.08M474.73M646.98M426.89M375.94M634.84M779.48M670.52M216.27M
EBITDA Margin %0.12%0.11%0.18%0.21%0.16%0.15%0.2%0.22%0.2%0.07%
EBITDA Growth %-0.26%-0.05%0.82%0.36%-0.34%-0.12%0.69%0.23%-0.14%-0.68%
D&A (Non-Cash Add-back)176.17M159.36M163.15M161.86M164.46M166.23M167.04M163.99M184.37M210.65M
EBIT179.99M197.74M322.6M472M259.98M189.88M452.15M610.63M492.53M25.09M
Net Interest Income+-21.29M-21.36M-21.37M-24.74M-25.24M-27.85M-16.27M-9.57M6.22M-2M
Interest Income4.4M4.26M6.48M11.94M8.45M3.71M1.27M7.56M31.35M25.48M
Interest Expense25.68M25.62M27.85M36.68M33.68M31.55M17.54M17.13M25.13M27.48M
Other Income/Expense-23.06M-102.84M-32.22M-68.34M-36.13M-51.38M-33.19M-21.98M-18.74M-8.02M
Pretax Income+74.74M94.22M279.36M416.78M226.3M158.33M434.61M593.5M467.4M-2.39M
Pretax Margin %0.03%0.04%0.11%0.14%0.08%0.06%0.13%0.17%0.14%-0%
Income Tax+182.47M44.84M298.92M70.24M61.51M34.55M135.67M163.02M141.89M27.37M
Effective Tax Rate %-1.45%0.52%-0.07%0.83%0.72%0.78%0.69%0.72%0.69%13.04%
Net Income+-108.51M48.79M-20.34M345.76M163.94M122.92M297.97M428.81M323.82M-31.15M
Net Margin %-0.05%0.02%-0.01%0.11%0.06%0.05%0.09%0.12%0.1%-0.01%
Net Income Growth %-1.92%1.45%-1.42%18%-0.53%-0.25%1.42%0.44%-0.24%-1.1%
Net Income (Continuing)-107.73M49.37M-19.56M346.54M164.79M123.78M298.94M430.48M325.51M-29.75M
Discontinued Operations0000000000
Minority Interest5.57M5.44M2.03M2.29M2.54M2.8M2.97M3.9M4.72M0
EPS (Diluted)+-0.730.32-0.142.241.130.852.052.982.31-0.23
EPS Growth %-1.95%1.44%-1.44%17%-0.5%-0.25%1.41%0.45%-0.22%-1.1%
EPS (Basic)-0.730.33-0.142.241.130.852.052.992.32-0.23
Diluted Shares Outstanding147.7M150.7M145.63M154.62M145.14M145.23M145.5M143.91M140.25M136.96M
Basic Shares Outstanding147.7M147.15M145.31M154.36M144.61M144.84M145M143.4M139.45M136.96M
Dividend Payout Ratio-0.75%-0.13%0.33%0.45%0.19%0.13%0.17%-

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+1.89B1.86B2.19B1.78B1.7B1.7B2.01B2.12B2.3B1.92B
Cash & Short-Term Investments1.09B1.1B1.3B764.32M802.96M778.35M920.85M916.1M1.01B606.42M
Cash Only475.51M471.78M748.03M686.03M694.13M619.87M774.11M610.83M972.72M590.29M
Short-Term Investments619.04M626.63M547.14M78.29M108.82M158.48M146.74M305.27M35.81M16.13M
Accounts Receivable272.56M274.03M340.03M397.02M328.19M338.63M396.46M416.18M426.67M401.9M
Days Sales Outstanding43.2443.0547.6747.7544.8949.444.6643.4345.7849.94
Inventory420.57M381.25M436.76M479.66M431.68M448.25M536.5M618.88M647.52M689.38M
Days Inventory Outstanding87.3179.3583.7381.5878.985.2183.2492.6497.36108.87
Other Current Assets0000000170.06M214.44M217.81M
Total Non-Current Assets+1.27B1.21B1.27B1.32B1.42B1.46B1.53B1.74B1.94B2.2B
Property, Plant & Equipment865.3M848.87M905.76M969M1.04B1.05B1.1B1.26B1.42B1.66B
Fixed Asset Turnover2.66x2.74x2.87x3.13x2.55x2.39x2.95x2.77x2.39x1.77x
Goodwill138.24M141.41M142.74M147.48M150.64M158.18M165.27M201.43M201.42M179M
Intangible Assets103.26M84.46M69.75M65.69M60.66M66.8M67.71M77.9M72.33M87.22M
Long-Term Investments-305.41M-286.8M-335.77M-85.47M000000
Other Non-Current Assets158.7M138.59M148.65M140.14M160.67M98.02M107.63M98.8M110.14M105.5M
Total Assets+3.15B3.08B3.46B3.11B3.12B3.15B3.54B3.87B4.24B4.11B
Asset Turnover0.73x0.75x0.75x0.98x0.86x0.79x0.91x0.90x0.80x0.71x
Asset Growth %-0.04%-0.02%0.12%-0.1%0%0.01%0.12%0.09%0.1%-0.03%
Total Current Liabilities+457.72M456.85M564.34M644.11M520.43M562.42M693.67M726.26M691.88M708.35M
Accounts Payable157.21M174.11M222.37M218.32M173.91M196.2M254.05M189.1M191M216.31M
Days Payables Outstanding32.6436.2442.6337.1331.7937.339.4228.3128.7234.16
Short-Term Debt4K3K4K18K2K00000
Deferred Revenue (Current)0001000K746K00000
Other Current Liabilities112.27M97.15M133.48M184.85M39.76M39.63M39.76M46.98M47.76M43.45M
Current Ratio4.12x4.08x3.88x2.77x3.27x3.02x2.90x2.92x3.32x2.70x
Quick Ratio3.20x3.25x3.11x2.02x2.44x2.22x2.12x2.07x2.38x1.73x
Cash Conversion Cycle97.9286.1688.7792.29297.3288.48107.77114.42124.64
Total Non-Current Liabilities+1.07B961.33M1.21B1.08B1.11B1.01B1.1B1.09B1.35B1.37B
Long-Term Debt436.74M357.02M370.47M494.51M499.15M394.89M455.67M500.94M818.19M905.02M
Capital Lease Obligations000078.51M86.22M99.99M108.49M102.83M94.22M
Deferred Tax Liabilities305.41M286.8M335.77M85.47M22.02M1.85M69M117.18M95.78M96.36M
Other Non-Current Liabilities325.07M317.51M842.13M495.43M512.8M529.91M478.21M362.63M330.45M277.79M
Total Liabilities1.52B1.42B1.78B1.72B1.63B1.58B1.8B1.82B2.04B2.08B
Total Debt+436.74M357.03M370.47M494.53M597.88M503.18M579.04M634.75M947.5M1.03B
Net Debt-38.77M-114.75M-377.56M-191.5M-96.26M-116.69M-195.06M23.92M-25.22M434.85M
Debt / Equity0.27x0.22x0.22x0.36x0.40x0.32x0.33x0.31x0.43x0.51x
Debt / EBITDA1.59x1.37x0.78x0.76x1.40x1.34x0.91x0.81x1.41x4.74x
Net Debt / EBITDA-0.14x-0.44x-0.80x-0.30x-0.23x-0.31x-0.31x0.03x-0.04x2.01x
Interest Coverage3.81x3.97x11.19x13.23x7.79x6.65x26.67x35.93x19.34x0.20x
Total Equity+1.63B1.66B1.68B1.39B1.49B1.58B1.75B2.05B2.2B2.03B
Equity Growth %-0.11%0.02%0.01%-0.18%0.07%0.06%0.11%0.17%0.07%-0.08%
Book Value per Share11.0211.0111.558.9710.2510.8712.0114.2515.6914.81
Total Shareholders' Equity1.62B1.65B1.68B1.38B1.49B1.58B1.74B2.05B2.2B2.03B
Common Stock14.76M14.6M14.4M14.42M14.45M14.47M14.48M14.5M14.53M14.57M
Retained Earnings-319.45M-307.42M-364.46M-61.26M72.18M138.99M401.69M773.23M1.04B955.5M
Treasury Stock0000000-82.97M-161.66M-212.06M
Accumulated OCI-131.33M-94.65M25.71M-6.79M-26.65M13.56M-20.25M-10.83M10.34M-35.29M
Minority Interest5.57M5.44M2.03M2.29M2.54M2.8M2.97M3.9M4.72M0

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+245.33M295.97M368.78M258.51M296.44M314.94M457.1M484.29M365.7M173.7M
Operating CF Margin %0.11%0.13%0.14%0.09%0.11%0.13%0.14%0.14%0.11%0.06%
Operating CF Growth %-0.17%0.21%0.25%-0.3%0.15%0.06%0.45%0.06%-0.24%-0.53%
Net Income-107.73M49.37M-19.56M346.54M164.79M122.92M298.94M430.48M323.82M-29.75M
Depreciation & Amortization176.17M159.36M163.15M161.86M164.46M166.23M167.04M163.99M184.37M210.65M
Stock-Based Compensation3.85M6.38M4.39M4.82M6.11M5.28M6.61M6.54M16.53M20.92M
Deferred Taxes118.45M-2.52M52.38M-55.21M-76.58M050.61M-1.28M36.78M-23.51M
Other Non-Cash Items1.42M81.71M198.03M-139.56M49.19M2.72M17.32M26.66M57.32M116.14M
Working Capital Changes-27.25M-4.21M-46.41M-101.82M-11.53M17.79M-83.41M-142.11M-253.13M-120.74M
Change in Receivables-11.25M-4.12M-51.15M-62.43M66.16M4.66M-67.71M-26.7M-3.72M17.52M
Change in Inventory-30.3M13.76M-55.06M-80.18M18.76M-24.2M-121.49M-119.59M37.43M-78.5M
Change in Payables-13.42M17.84M42.29M-2.28M-43.79M18.48M61.48M-61.66M743K22.81M
Cash from Investing+-297.38M-148.64M-34.81M269.43M-194.96M-192.08M-230.48M-528.93M-72.85M-512.46M
Capital Expenditures-147.14M-134.63M-170.43M-229.9M-156.64M-123.6M-218.37M-325.31M-329.41M-320.08M
CapEx % of Revenue0.06%0.06%0.07%0.08%0.06%0.05%0.07%0.09%0.1%0.11%
Acquisitions----------
Investments----------
Other Investing-2.83M2.94M-4.19M53.5M4.16M-126K1.45M-568K-63K3.98M
Cash from Financing+-49.83M-142.54M-77.2M-575.93M-90.03M-209.38M-58.81M-101.02M61.06M-35.4M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-35.42M-36.73M-37.05M-46.51M-53.44M-54.97M-55.75M-57.19M-55.63M-54.67M
Share Repurchases----------
Other Financing-5.07M-893K-5.24M-16.15M-8.7M-714K-800K-2.86M-125.88M-13.37M
Net Change in Cash----------
Free Cash Flow+98.19M161.33M198.34M28.61M139.8M191.34M238.73M158.98M36.29M-146.38M
FCF Margin %0.04%0.07%0.08%0.01%0.05%0.08%0.07%0.05%0.01%-0.05%
FCF Growth %-0.3%0.64%0.23%-0.86%3.89%0.37%0.25%-0.33%-0.77%-5.03%
FCF per Share0.661.071.360.190.961.321.641.100.26-1.07
FCF Conversion (FCF/Net Income)-2.26x6.07x-18.13x0.75x1.81x2.56x1.53x1.13x1.13x-5.58x
Interest Paid0000000000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)-6.27%2.97%-1.22%22.53%11.41%8.02%17.92%22.59%15.24%-1.47%
Return on Invested Capital (ROIC)4.47%4.87%16.4%29.11%15.22%11.02%23.28%25.46%17.16%0.18%
Gross Margin23.57%24.52%26.87%29.28%25.15%23.26%27.4%30.28%28.64%21.32%
Net Margin-4.72%2.1%-0.78%11.39%6.14%4.91%9.2%12.26%9.52%-1.06%
Debt / Equity0.27x0.22x0.22x0.36x0.40x0.32x0.33x0.31x0.43x0.51x
Interest Coverage3.81x3.97x11.19x13.23x7.79x6.65x26.67x35.93x19.34x0.20x
FCF Conversion-2.26x6.07x-18.13x0.75x1.81x2.56x1.53x1.13x1.13x-5.58x
Revenue Growth-7.73%1%12.06%16.56%-12.07%-6.24%29.52%7.93%-2.73%-13.65%

Revenue by Segment

2011201220132014201520162017202220232024
Resistors-------832.81M843.47M725.61M
Resistors Growth--------1.28%-13.97%
MOSFETS537.78M433.44M449.3M470.38M426.67M406.34M468.29M762.26M778.75M601.98M
MOSFETS Growth--19.40%3.66%4.69%-9.29%-4.77%15.25%62.77%2.16%-22.70%
Diodes607.49M496.74M547.26M579.29M533.93M553.92M620.89M765.22M690.54M581.98M
Diodes Growth--18.23%10.17%5.85%-7.83%3.74%12.09%23.25%-9.76%-15.72%
Capacitors577.82M448.16M439.75M425.59M352.9M337.21M383.93M509.64M498.74M459.3M
Capacitors Growth--22.44%-1.88%-3.22%-17.08%-4.45%13.85%32.74%-2.14%-7.91%
Inductors-------331.09M347.39M356.36M
Inductors Growth--------4.93%2.58%
Optoelectronic Components229.81M209.14M228.19M258.25M279.55M272.13M286.35M296.38M243.15M212.37M
Optoelectronic Components Growth--9.00%9.11%13.17%8.25%-2.66%5.23%3.50%-17.96%-12.66%
Resistors And Inductors634.49M635.49M700.12M755.25M704.11M753.58M843.97M---
Resistors And Inductors Growth-0.16%10.17%7.88%-6.77%7.03%11.99%---
Corporate----------
Corporate Growth----------
Vishay Precision Group----------
Vishay Precision Group Growth----------
Corporate Elimination----------
Corporate Elimination Growth----------

Revenue by Geography

2011201220132014201520162017202220232024
Asia-------1.35B1.26B1.13B
Asia Growth---------6.23%-10.31%
Germany-------1.01B1.08B871.48M
Germany Growth--------7.06%-19.07%
United States-------974.5M879.73M761.22M
United States Growth---------9.72%-13.47%
Segment, Geographical, Groups of Countries, Group Four-------142.45M151.16M148.06M
Segment, Geographical, Groups of Countries, Group Four Growth--------6.11%-2.05%
Israel-------25.84M29.56M22.52M
Israel Growth--------14.38%-23.83%

Frequently Asked Questions

Growth & Financials

Vishay Intertechnology, Inc. (VSH) reported $2.93B in revenue for fiscal year 2024. This represents a 13% increase from $2.59B in 2011.

Vishay Intertechnology, Inc. (VSH) saw revenue decline by 13.7% over the past year.

Vishay Intertechnology, Inc. (VSH) reported a net loss of $87.7M for fiscal year 2024.

Dividend & Returns

Yes, Vishay Intertechnology, Inc. (VSH) pays a dividend with a yield of 2.23%. This makes it attractive for income-focused investors.

Vishay Intertechnology, Inc. (VSH) has a return on equity (ROE) of -1.5%. Negative ROE indicates the company is unprofitable.

Vishay Intertechnology, Inc. (VSH) had negative free cash flow of $205.1M in fiscal year 2024, likely due to heavy capital investments.

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