Vishay Precision (VPG)
NYSE:VPG
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Vishay Precision Group
(NYSE:VPG)
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Rating:59Neutral
Price Target:
$148.00
▲(178.09% Upside)
Action:Reiterated
Date:06/12/26
The score is held back mainly by weakened fundamentals—compressed margins and especially weak/negative free cash flow—despite a solid, low-leverage balance sheet. Technicals are strongly bullish and the earnings call showed improving demand and bookings plus a credible multi-year efficiency/margin plan, but the very high P/E and near-term execution/cash-flow risks limit the overall rating.
Positive Factors
Strong liquidity / low leverage
A net cash position (~$62M) and improving debt-to-equity (≈0.13 TTM) provide durable financial flexibility. This balance-sheet strength supports funding planned CapEx, BD initiatives, and potential M&A, while cushioning near-term negative free cash flow and smoothing investment into multi‑year growth programs.
Negative Factors
Deteriorating cash generation
Material weakening in operating cash flow and slightly negative free cash flow indicate working capital and capital spending pressure. Persistently weak cash conversion constrains reinvestment, can force higher borrowing if improvements stall, and amplifies execution risk for margin expansion plans.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong liquidity / low leverage
A net cash position (~$62M) and improving debt-to-equity (≈0.13 TTM) provide durable financial flexibility. This balance-sheet strength supports funding planned CapEx, BD initiatives, and potential M&A, while cushioning near-term negative free cash flow and smoothing investment into multi‑year growth programs.
Read all positive factors
Vishay Precision Group Key Performance Indicators (KPIs)
Any
Gross Profit by Segment
Breaks down gross profit and margins by segment to show which businesses are most profitable after direct costs. Highlights segments with pricing power or low production costs, exposes areas facing raw‑material or manufacturing pressure, and indicates where margin moves will have the biggest impact on company earnings.
Breaks down gross profit and margins by segment to show which businesses are most profitable after direct costs. Highlights segments with pricing power or low production costs, exposes areas facing raw‑material or manufacturing pressure, and indicates where margin moves will have the biggest impact on company earnings.
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The Fly
The FlyVishay Precision Group (VPG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.86B
Dividend YieldN/A
Average Volume (3M)651.91K
Price to Earnings (P/E)313.6
Beta (1Y)1.67
Revenue Growth7.51%
EPS Growth93.82%
CountryUS
Employees2,200
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.45
Shares Outstanding12,278,113
10 Day Avg. Volume599,557
30 Day Avg. Volume651,913
Financial Highlights & Ratios
PEG Ratio-2.10
Price to Book (P/B)1.52
Price to Sales (P/S)1.66
P/FCF Ratio80.39
Enterprise Value/Market Cap0.88
Enterprise Value/Revenue5.10
Enterprise Value/Gross Profit13.01
Enterprise Value/Ebitda59.68
Forecast
1Y Price Target
$103.50Price Target Upside94.48% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.79
Revenue Forecast (FY)$326.11M
Vishay Precision Group Business Overview & Revenue Model
Company Description
Vishay Precision Group, Inc. (VPG) is a global enterprise specializing in the development, manufacturing, and commercialization of sophisticated sensors, advanced weighing technologies, and precise measurement systems. The company conducts its ope...
How the Company Makes Money
VPG makes money primarily by selling precision sensing components and measurement solutions to OEMs and end users through direct sales and distributors. Its core revenue streams come from (1) precision sensor products (e.g., strain gages, load cel...
Vishay Precision Group Earnings Call Summary
Earnings Call Date:May 12, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Positive
The call conveyed a notably positive commercial and strategic momentum: strong bookings, double-digit YoY revenue growth, segment-level demand (especially in Sensors), an updated operating model with ambitious margin and cost-savings targets, and solid liquidity. Near-term headwinds include low GAAP profitability, negative free cash flow for the quarter, elevated SG&A from organizational investments, FX impacts, and execution/visibility risk around humanoid production ramps and FY guidance. Overall, the company appears to be in a transition phase investing for scalable growth while managing short-term profitability pressures.Positive Updates
Strong Top-Line Growth
Q1 revenue $84.4M, up 18% year-over-year; orders $102.1M, up 26% sequentially; book-to-bill 1.21 (strongest since 2022).
Negative Updates
Profitability and Cash Flow Pressure
GAAP net loss $0.32M (loss $0.02 per diluted share); adjusted EBITDA $5.9M (7.0% of revenue) down from $6.2M (7.8%) in Q4; adjusted free cash flow negative $3.7M (vs +$1.3M in Q4) driven by higher working capital needs.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Top-Line Growth
Q1 revenue $84.4M, up 18% year-over-year; orders $102.1M, up 26% sequentially; book-to-bill 1.21 (strongest since 2022).
Read all positive updates
Company Guidance
VPG’s updated guidance centers on a three‑year operating model targeting 8–10% compounded annual organic revenue growth, a 46.5% gross margin, 14.5–15.5% operating margin and 18.5–20.5% EBITDA margin; the model assumes $5M of annual incremental SG&A for the new CBPO/COO, ~50% flow‑through to EBITDA on each incremental revenue dollar, and $20M of cost reductions/efficiencies over three years. For 2026 management expects revenue of $85–90M (Q1 revenue was $84.4M, up 18% YoY), Q1 bookings were $102.1M (26% sequentially) with book‑to‑bill 1.21 and >$100M bookings for the first time since 2022; segment bookings included Sensors $45.2M (book‑to‑bill 1.36), Weighing $32.9M (1.09) and Measurement $24M (1.15). Q1 financials underpinning the outlook: overall gross margin 39% (Sensors 34.8%, Weighing 34.2%, Measurement 52.6%), GAAP operating margin 0.4% (adjusted 1.9% after $449K restructuring and $837K stock‑based comp), adjusted EBITDA $5.9M (7.0%), GAAP net loss $0.3M (‑$0.02/sh), adjusted net income $0.9M ($0.07/sh), adjusted free cash flow ‑$3.7M, cash $82.5M, long‑term debt $20.6M (net cash ~$62M), and CapEx guidance $14–16M for 2026 (Q1 CapEx $3M). Management also reiterated a $45M 2026 business‑development target (≈$10–11M booked in Q1) and models humanoid robotics revenue growing ~50% annually from 2025 levels (Q1 humanoid revenue ~$0.6M).Vishay Precision Group Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
74
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 319.81M | 307.20M | 306.52M | 355.05M | 362.58M | 317.92M |
| Gross Profit | 125.26M | 119.43M | 125.53M | 150.34M | 149.60M | 125.14M |
| EBITDA | 27.31M | 26.65M | 35.88M | 57.96M | 62.71M | 42.14M |
| Net Income | 5.92M | 5.29M | 9.91M | 25.71M | 36.06M | 20.22M |
Balance Sheet | ||||||
| Total Assets | 453.84M | 455.89M | 450.94M | 471.57M | 476.74M | 461.89M |
| Cash, Cash Equivalents and Short-Term Investments | 82.49M | 87.37M | 79.27M | 83.97M | 88.56M | 84.33M |
| Total Debt | 44.39M | 64.02M | 55.37M | 58.48M | 85.05M | 90.46M |
| Total Liabilities | 119.36M | 119.66M | 129.07M | 141.64M | 170.22M | 184.85M |
| Stockholders Equity | 334.72M | 336.37M | 321.97M | 329.84M | 306.55M | 277.10M |
Cash Flow | ||||||
| Free Cash Flow | -1.05M | 6.35M | 10.65M | 30.74M | 11.74M | 16.48M |
| Operating Cash Flow | 8.54M | 14.38M | 19.82M | 45.89M | 33.03M | 33.54M |
| Investing Cash Flow | 1.19M | 2.90M | -12.90M | -15.10M | -20.84M | -64.05M |
| Financing Cash Flow | -11.63M | -11.40M | -9.40M | -35.94M | -3.63M | 18.82M |
Vishay Precision Group Technical Analysis
Positive
53.22
Price Trends
83.80
Positive
64.91
Positive
49.98
Positive
Market Momentum
14.30
Positive
73.95
Negative
74.26
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VPG, the sentiment is Positive. The current price of 53.22 is below the 20-day moving average (MA) of 119.99, below the 50-day MA of 83.80, and above the 200-day MA of 49.98, indicating a bullish trend. The MACD of 14.30 indicates Positive momentum. The RSI at 73.95 is Negative, neither overbought nor oversold. The STOCH value of 74.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for VPG.
Vishay Precision Group Risk Analysis
Vishay Precision Group disclosed 44 risk factors in its most recent earnings report. Vishay Precision Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Vishay Precision Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $1.89B | 27.44 | 12.53% | 0.36% | 7.80% | 18.75% | |
65 Neutral | $3.25B | 61.43 | 9.21% | ― | 2.27% | ― | |
64 Neutral | $3.23B | 93.96 | 3.10% | 1.44% | 3.53% | -34.92% | |
64 Neutral | $2.70B | -49.72 | -4.66% | ― | 1.68% | -431.99% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | $1.86B | 313.59 | 1.77% | ― | 7.51% | 93.82% | |
57 Neutral | $425.87M | -6.62 | -9.42% | 5.93% | -8.43% | 30.33% |
* Technology Sector Average
VPG
Vishay Precision Group
139.52
112.93
424.71%
BHE
Benchmark Electronics
89.93
52.37
139.44%
CTS
CTS
66.13
24.43
58.60%
MEI
Methode Electronics
12.02
2.92
32.12%
ROG
Rogers
151.06
81.21
116.26%
PENG
Penguin Solutions
64.13
44.76
231.08%
Vishay Precision Group Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Vishay Precision Plans CFO Retirement Amid Governance Updates
Positive
May 22, 2026
On May 18, 2026, Vishay Precision Group’s Executive Vice President and Chief Financial Officer, William M. Clancy, notified the company of his retirement and related resignation effective December 31, 2026, under a transition agreement that ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.