VISHAY INTERTECHNOLOGY Reports Strong Financial Results for Q2 FY2023
August 22, 2023
☀️Earnings Overview
VISHAY INTERTECHNOLOGY ($NYSE:VSH) announced its financial results for the second quarter of FY2023 on June 30 2023. Total revenue for the quarter reached USD 892.1 million, a 3.3% increase from the same period of the previous year. Unfortunately, net income for the quarter decreased by 15.4%, amounting to USD 95.0 million.
Stock Price
The stock opened at $27.1 and closed at $27.0, up by 0.9% from the prior closing price of 26.8. This rise in stock price indicates investor confidence in the company’s growth and performance. The company’s strategic investments in research and development have paid off with its market shares for several products increasing significantly. The strong financial results have been attributed to the company’s diversified business model, which has allowed it to tap into various markets and take advantage of new opportunities.
The company has also successfully managed its cost structure, resulting in improved profitability. VISHAY INTERTECHNOLOGY’s strong results have been welcomed by investors and analysts alike, with many expecting the company to continue its growth trajectory in the coming quarters. In light of the positive news, the company’s stock is expected to continue its upward trend in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Vishay Intertechnology. More…
| Total Revenues | Net Income | Net Margin |
| 3.54k | 419.67 | 11.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Vishay Intertechnology. More…
| Operations | Investing | Financing |
| 613.11 | -321.29 | 24.81 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Vishay Intertechnology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.19k | 1.97k | 15.83 |
Key Ratios Snapshot
Some of the financial key ratios for Vishay Intertechnology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.4% | 48.1% | 17.5% |
| FCF Margin | ROE | ROA |
| 7.5% | 17.8% | 9.2% |
Analysis
At GoodWhale, we have conducted a thorough analysis of VISHAY INTERTECHNOLOGY‘s fundamentals. Our Risk Rating has determined that VISHAY INTERTECHNOLOGY is a low risk investment, both financially and from a business perspective. Additionally, we have detected 2 risk warnings in the company’s income and balance sheets. If you’re interested in learning more, register with us and we’ll be happy to provide you with the full details. More…
Peers
In the electronic components industry, Vishay Intertechnology Inc is facing stiff competition from Diodes Inc, JALCO Holdings Co Ltd, and Restar Holdings Corp. All four companies are fighting for market share in this highly competitive industry. Vishay Intertechnology Inc has a strong market position and is a leading provider of electronic components. However, the company is facing challenges from its competitors.
– Diodes Inc ($NASDAQ:DIOD)
Diodes Inc is a leading manufacturer and supplier of semiconductor products used in a wide range of electronic devices. The company’s products are used in a variety of applications, including mobile phones, computers, automotive electronics, and industrial and consumer electronics. Diodes Inc has a market cap of 3.18B as of 2022, a Return on Equity of 22.49%. The company’s products are used in a variety of applications, including mobile phones, computers, automotive electronics, and industrial and consumer electronics.
– JALCO Holdings Co Ltd ($TSE:6625)
JALCO Holdings Co Ltd is a Japanese holding company that operates in the aviation, construction, and real estate industries. The company has a market cap of 17.24B as of 2022 and a return on equity of 9.39%. JALCO was founded in 1937 and is headquartered in Tokyo, Japan.
– Restar Holdings Corp ($TSE:3156)
Restar Holdings Corp is a holding company with a focus on acquiring and managing a portfolio of companies in the food and beverage industry. The company has a market cap of 59.54B as of 2022 and a Return on Equity of 7.97%. Restar Holdings Corp is a holding company that acquires and manages a portfolio of companies in the food and beverage industry. The company’s focus is on delivering shareholder value through a combination of organic growth and strategic acquisitions.
Summary
Vishay Intertechnology reported a 3.3% increase in total revenue for the second quarter of FY2023, totalling USD 892.1 million. This was offset by a 15.4% decline in net income for the same period, accounting for USD 95.0 million. While the revenue growth demonstrates stability, investors should be cautious due to the substantial decline in net income. It is important to look further into Vishay’s financials to determine if the company has sufficient resources and strategies in place to return to profitability in the near future.
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