Have a look on data: Vishay Intertechnology, Inc. (NYSE:VSH)

Vishay Intertechnology, Inc. (VSH), one of the world’s largest manufacturers of discrete semiconductors and passive components, recently declared its results for the year and fiscal quarter ended December 31, 2017.

Revenues for the year ended December 31, 2017 were $2,603.5 million, contrast to $2,323.4 million for the year ended December 31, 2016.  The net loss attributable to Vishay stockholders for the year ended December 31, 2017 was $20.3 million, or $(0.14) per share, reflecting charges related to the enactment of the U.S. Tax Cuts and Jobs Act.  Net earnings attributable to Vishay stockholders for the year ended December 31, 2016 were $48.8 million, or $0.32 per share.

Revenues for the fiscal quarter ended December 31, 2017 were $674.5 million, contrast to $570.8 million for the fiscal quarter ended December 31, 2016.  Net loss attributable to Vishay stockholders for the fiscal quarter ended December 31, 2017 was $(177.7) million, or $(1.23) per share, contrast to $(48.7) million, or $(0.33) per share for the fiscal quarter ended December 31, 2016.

As summarized on the attached reconciliation plan, all periods presented comprise items affecting comparability, the most noteworthyof which is a $235 million charge related to the enactment of the U.S. Tax Cuts and Jobs Act.  Adjusted earnings per diluted share, which exclude these items net of tax and the unusual tax items, were $0.37 and $1.43 for the fiscal quarter and year ended December 31, 2017, respectively, and $0.18 and $0.85 for the fiscal quarter and year ended December 31, 2016, respectively.

Commenting on the results for the year 2017, Dr. Gerald Paul, President and Chief Executive Officer, stated, “2017 was a very successful year for Vishay. Throughout the year Vishay practiced a very high level of demand of virtually all market segments. Driven by raised volume Vishay demonstrated the leverage of its business model. Vishay continues to enhance the manufacturing capacities of its key product lines, mainly by pulling forward certain programs of its 5-year Growth Plan. We are excited about the opportunities that accelerated market growth offers Vishay, especially in automotive and industrial applications.”

Commenting on the outlook Dr. Paul stated, “For the first quarter based on Vishay’s capacity constraints, we guide for revenues of $665 to $705 million and gross margins of 26.5% to 27.5% at the exchange rates for the fourth quarter.”

As permitted by Securities and Exchange Commission Staff Accounting Bulletin No. 118, the tax expense recorded in the fourth quarter of 2017 due to the enactment of the U.S. Tax Cuts and Jobs Act is considered “provisional,” based on reasonable estimates, and these provisional amounts may be refined during the defined measurement period, as additional analysis is accomplished.

Effective January 1, 2018, the Company will adopt several new accounting standards, counting ASU 2014-09, “Revenue from Contracts with Customers” and related guidance; ASU 2016-01, “Recognition and Measurement of Financial Assets and Liabilities;” and ASU 2017-07, “Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.”  The impact of these new accounting standards on income before taxes is not predictable to be material; however, the changes will impact individual line items, and could thus slightly impact gross margin and operating margin calculations.  More detailed talk aboution of the impact of these new accounting standards will be comprised of in the Company’s Annual Report on Form 10-K when it is filed.

Technical Alerts about VSH

Vishay Intertechnology, Inc. (NYSE:VSH) posted a -11.49% after which it closed the day’ session at $18.67 and sees an average of 1.41M shares trade hands in each session while it’s while its relative trading volume is 3.72.

The profounder technical indicators have offered up some solid data for traders.

According to Vishay Intertechnology, Inc.’s Insider ownership is at 0.80%. The total amount of shares outstanding is 145.94M, giving the company a market capitalization of about 3.08B. The stock has seen its SMA50 which is now -14.33%. In looking the SMA 200 we see that the stock has seen a -2.07%.The Company’s net profit margin for the 12 months at 4.30%. Comparatively, the gazes have a Gross margin 26.20%.

Institutions own 99.10% of Vishay Intertechnology, Inc. (VSH)’s shares.

Valuations and Returns for Vishay Intertechnology, Inc. (NYSE:VSH)

Returns review

The ratios of the return on assets (ROA) and the return on owner’s equity (ROE) are the most used profitability ratios in the analysis while ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business.

Activity ratios are another group of ratios; it’s usually used to measure the ability to optimize the use of the available resources. These ratios are other measures of operational efficiency and performance. Among this group of ratios is the turnover to capital employed or return on investment (ROI) ratio.

ROE (Return on equity) was recorded as 6.70% and VSH’s has Return on assets (ROA) of 3.40% while Return on Investment (ROI) was recorded as 3.50%.

Analysts have a mean recommendation of 3.20 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range). The company maintains price to book ratio of 1.92.  A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued.