VPG
Vishay Precision Group, Inc.
$110.54
Stable Earnings Power
40%
P/Adj-EPS × Normalized Multiple
Strong
·
Conviction
Overvalued
Trading 195.9% above fair value
You pay
$110.54
Bear
$29.89
Fair
$37.36
Bull
$44.83
Bear
$29.89
-73.0%
$1.48 × 12x P/E
Fair
$37.36
-66.2%
$1.48 × 15x P/E
Bull
$44.83
-59.4%
$1.48 × 18x P/E
Key Value Driver
Normalized P/E multiple (15x base case)
Implied Market Multiple
74.7x
Summary
Our base-case estimate uses a valuation based on adjusted earnings per share and a normalized price-to-earnings multiple. We then blend that result with the average analyst price target of $98.00 from 6 analysts, using a 20% weight on analyst consensus. That produces an estimated intrinsic value of $37.36 per share.
Warnings
The company's reported profits differ from official accounting profits by 270%. Check what costs are being left out of the adjusted number.
Wall Street's average price target is $98.00 (from 6 analysts). Our estimate is 77% below the consensus -- consider that gap carefully.
Key Risks
- Growth DCF inappropriate — terminal value assumptions dominate
- EV/EBITDA misleading for regulated businesses where capex is mandated
- Regulatory risk is a fat tail not visible in normal multiples