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Vishay Precision Group (VPG)
NYSE:VPG
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Vishay Precision Group
(NYSE:VPG)
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Rating:67Neutral
Price Target:
$54.00
▲(6.64% Upside)
The score reflects solid technical strength and a strong balance sheet, tempered by weaker profitability/cash-flow trends and a high valuation (P/E 67.93). The latest earnings call was moderately supportive due to revenue growth and cost-reduction progress, but order softness in key segments and FX/product-mix pressures limit upside.
Positive Factors
Balance Sheet Strength
VPG's very low leverage provides durable financial flexibility, lowering refinancing and bankruptcy risk. This balance-sheet strength supports investment in R&D, capacity, and buybacks or opportunistic M&A, helping the company withstand cyclical downturns without urgent external funding.
High Gross Margins
Sustained ~39% gross margins reflect product differentiation and pricing power in precision sensors and load cells. High gross margins provide a structural buffer to absorb SG&A and R&D spending, enabling reinvestment in product development and supporting long-term competitive positioning.
Sensors Segment Momentum
Material sequential growth and a book-to-bill above 1 indicate durable demand improvement in sensors and related robotics applications. Strong bookings improve multi-quarter revenue visibility and align with structural automation and robotics tailwinds, supporting sustainable top-line expansion.
Negative Factors
Weak Profitability and Cash Conversion
Low net margins and weak operating cash conversion show earnings are poorly converted into cash, limiting internal funding for capex, R&D, or dividends. Negative free-cash-flow growth increases reliance on liquidity and reduces resilience to prolonged cost or demand pressures.
Inconsistent Revenue Growth
Volatile top-line trends and recent negative revenue growth complicate capacity planning and margin leverage. Inconsistent demand across segments suggests exposure to cyclical end markets and project timing, making multi-quarter forecasting and fixed-cost absorption less reliable.
Order Softness & Segment Concentration Risk
Book-to-bill below 1 and falling Measurement Systems orders tied to government project delays highlight demand concentration and timing risk. Continued weakness in these segments, plus FX and mix headwinds, can depress utilization and margins across quarters, pressuring sustainable profitability.
Vishay Precision Group (VPG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$665.02M
Dividend YieldN/A
Average Volume (3M)115.12K
Price to Earnings (P/E)85.2
Beta (1Y)1.33
Revenue Growth-7.46%
EPS Growth-39.98%
CountryUS
Employees2,200
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.26
Shares Outstanding12,256,197
10 Day Avg. Volume134,686
30 Day Avg. Volume115,116
Financial Highlights & Ratios
PEG Ratio-0.52
Price to Book (P/B)0.97
Price to Sales (P/S)1.02
P/FCF Ratio29.42
Enterprise Value/Market Cap0.94
Enterprise Value/Revenue2.08
Enterprise Value/Gross Profit5.30
Enterprise Value/Ebitda21.46
Forecast
1Y Price Target
$53.50Price Target Upside5.65% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Vishay Precision Group Business Overview & Revenue Model
Company DescriptionVishay Precision Group, Inc. designs, manufactures, and markets specialized sensors, weighing solutions, and measurement systems in the United States, Israel, the United Kingdom, rest of Europe, Asia, and Canada. It operates through three segments: Sensors, Weighing Solutions, and Measurement Systems. Its product portfolio includes precision resistors, strain gages, load cells, on-board weighing systems, and process weighing products. The company also offers data acquisition systems for avionics; measurement systems for steel production; material testing and simulation systems; and data acquisition systems for auto safety testing. Its products are used in industrial, test and measurement, transportation, steel, medical, agriculture, avionics, military and space, and consumer product applications. The company offers its products under the Alpha Electronics, Powertron, Vishay Foil Resistors, Micro-Measurements, Celtron, Revere, Sensortronics, Tedea-Huntleigh, Stress-tek, Vulcan, BLH Nobel, KELK, and DTS brands. Vishay Precision Group, Inc. was incorporated in 2009 and is headquartered in Malvern, Pennsylvania.
How the Company Makes MoneyVPG generates revenue through the sale of its precision sensor products and measurement systems, which are used in a variety of applications across multiple industries. The company has established key revenue streams from its core product lines, including load cells, strain gages, and other sensor technologies. Additionally, VPG benefits from partnerships with original equipment manufacturers (OEMs) and distributors, which help expand its market reach and enhance its sales capabilities. The company's focus on innovation and the development of customized solutions for clients further contribute to its earnings, as it allows VPG to meet specific customer needs and command premium pricing for its specialized products.
Vishay Precision Group Key Performance Indicators (KPIs)
Vishay Precision Group Earnings Call Summary
Earnings Call Date:Nov 04, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 11, 2026
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook. There were notable achievements in revenue growth, particularly in the Sensors segment and progress in humanoid robotics. However, challenges persist with declining orders in Weighing Solutions and Measurement Systems due to external factors like the U.S. government shutdown and unfavorable FX impacts.Q3-2025 Updates
Positive Updates
Solid Revenue Growth
Third quarter revenue of $79.7 million grew 6.1% from the second quarter and was up 5.3% from the prior year.
Strong Performance in Sensors Segment
Third quarter revenue for the Sensors segment increased 19.1% sequentially, with bookings reaching the highest level in 12 quarters, resulting in a book-to-bill of 1.07.
Progress in Humanoid Robotics
VPG received $3.6 million in orders year-to-date related to humanoid projects, with optimism for long-term potential in this emerging market.
Record Gross Margin in Weighing Solutions
Weighing Solutions segment achieved a record adjusted gross margin of 40.3%.
Cash Flow and Debt Reduction
Adjusted free cash flow increased to $7.4 million for the third quarter. Net cash position is $65.8 million after reducing long-term debt by $11 million.
Negative Updates
Decline in Weighing Solutions Orders
Weighing Solutions orders were about 10% lower compared to the second quarter, resulting in a book-to-bill of 0.89.
Impact of Foreign Exchange and Product Mix
Third quarter gross margin was impacted by $600,000 of unfavorable foreign exchange and $800,000 from unfavorable product mix.
Softness in Measurement Systems
Third quarter Measurement Systems orders decreased 6.9% sequentially due to delays related to defense and space government projects.
U.S. Government Shutdown Impact
The U.S. government shutdown is expected to continue affecting the Measurement Systems division into the fourth quarter, particularly impacting DTS product line.
Company Guidance
During the VPG Third Quarter 2025 Earnings Call, the company provided guidance on various financial metrics and future expectations. For the third quarter, VPG reported revenues of $79.7 million, marking a 6.1% increase from the previous quarter and a 5.3% increase year-over-year. The adjusted gross margin was 40.5%, impacted by unfavorable foreign exchange ($600,000) and product mix ($800,000). The adjusted operating margin improved to 6.2%, and the adjusted EBITDA was $9.2 million, representing 11.5% of revenues. VPG's net cash position was $65.8 million, and they reported adjusted net earnings of $3.5 million or $0.26 per diluted share. For the fourth quarter of 2025, VPG expects net revenues to range between $75 million and $81 million at constant exchange rates. The company remains optimistic about its business development initiatives, particularly in the humanoid robotics market, with $3.6 million in orders related to humanoid projects year-to-date. VPG is also on track to achieve $5 million in annualized cost reductions by the end of 2025, having already realized $4 million.Vishay Precision Group Financial Statement Overview
Summary
Mixed fundamentals: a strong, low-leverage balance sheet (debt-to-equity 0.13; balance sheet score 75) is offset by weaker profitability and efficiency trends (TTM net margin 2.65%, declining margins; income statement score 65) and pressured cash-flow quality/growth (negative TTM free-cash-flow growth; operating cash flow to net income 0.27; cash flow score 60).Income Statement
Vishay Precision Group's income statement shows a mixed performance. The TTM gross profit margin is healthy at 39.27%, but there is a noticeable decline from previous years. The net profit margin has decreased to 2.65% in the TTM, indicating reduced profitability. Revenue growth has been inconsistent, with a slight increase in the TTM but a decline in the previous year. The EBIT and EBITDA margins have also decreased, reflecting challenges in maintaining operational efficiency.65
Positive
Balance Sheet
The balance sheet is relatively strong, with a low debt-to-equity ratio of 0.13 in the TTM, indicating prudent financial leverage. However, the return on equity has decreased to 2.41%, suggesting lower profitability from shareholders' equity. The equity ratio remains stable, reflecting a solid capital structure.75
Positive
Cash Flow
Cash flow analysis reveals some concerns. The free cash flow growth rate is negative in the TTM, indicating potential cash flow challenges. The operating cash flow to net income ratio is 0.27, suggesting that cash generation from operations is not fully supporting net income. However, the free cash flow to net income ratio is relatively strong at 0.59, indicating some level of cash flow efficiency.60
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 299.28M | 306.52M | 355.05M | 362.58M | 317.92M | 269.81M |
| Gross Profit | 117.53M | 125.53M | 150.34M | 149.60M | 125.14M | 104.27M |
| EBITDA | 29.01M | 35.88M | 57.96M | 62.71M | 42.14M | 32.18M |
| Net Income | 7.93M | 9.91M | 25.71M | 36.06M | 20.22M | 10.79M |
Balance Sheet | ||||||
| Total Assets | 462.32M | 450.94M | 471.57M | 476.74M | 461.89M | 401.89M |
| Cash, Cash Equivalents and Short-Term Investments | 86.25M | 79.27M | 83.97M | 88.56M | 84.33M | 98.44M |
| Total Debt | 43.83M | 55.37M | 58.48M | 85.05M | 90.46M | 64.16M |
| Total Liabilities | 124.52M | 129.07M | 141.64M | 170.22M | 184.85M | 144.03M |
| Stockholders Equity | 337.76M | 321.97M | 329.84M | 306.55M | 277.10M | 257.82M |
Cash Flow | ||||||
| Free Cash Flow | 9.58M | 10.65M | 30.74M | 11.74M | 16.48M | 12.36M |
| Operating Cash Flow | 16.73M | 19.82M | 45.89M | 33.03M | 33.54M | 35.31M |
| Investing Cash Flow | -645.00K | -12.90M | -15.10M | -20.84M | -64.05M | -21.81M |
| Financing Cash Flow | -11.32M | -9.40M | -35.94M | -3.63M | 18.82M | -5.03M |
Vishay Precision Group Technical Analysis
Positive
50.64
Price Trends
39.67
Positive
36.66
Positive
31.64
Positive
Market Momentum
2.68
Negative
71.23
Negative
84.36
Negative
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 50.64 is above the 20-day moving average (MA) of 44.04, above the 50-day MA of 39.67, and above the 200-day MA of 31.64, indicating a bullish trend. The MACD of 2.68 indicates Negative momentum. The RSI at 71.23 is Negative, neither overbought nor oversold. The STOCH value of 84.36 is Negative, 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $1.49B | 26.13 | 10.98% | 0.36% | 3.70% | 1.68% | |
72 Outperform | $1.86B | 50.96 | 3.37% | 1.44% | -2.93% | -40.33% | |
67 Neutral | $665.02M | 85.20 | 2.37% | ― | -7.46% | -39.98% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | $1.75B | -27.02 | -5.34% | ― | -4.87% | -235.48% | |
56 Neutral | $1.01B | 87,301.59 | 4.85% | ― | 10.76% | ― | |
50 Neutral | $282.91M | -4.69 | -8.87% | 5.93% | -9.51% | 29.57% |
* Technology Sector Average
VPG
Vishay Precision Group
50.64
27.66
120.37%
BHE
Benchmark Electronics
53.88
13.28
32.71%
CTS
CTS
53.12
4.03
8.22%
MEI
Methode Electronics
8.30
-1.98
-19.24%
ROG
Rogers
98.00
9.65
10.92%
PENG
Penguin Solutions
19.80
-0.23
-1.15%
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.