VISHAY PRECISION Reports USD 90.8 Million Revenue in Q2 of FY2023, up 2.5% Year-Over-Year
August 10, 2023
🌥️Earnings Overview
For the second quarter of fiscal year 2023 ending June 30th 2023, VISHAY PRECISION ($NYSE:VPG) recorded total revenue of USD 90.8 million, a 2.5% increase compared to the same period last year. However, the company reported net income of USD 8.2 million for the same period, a decrease of 23.4% from the previous year.
Analysis
GoodWhale’s analysis of VISHAY PRECISION‘s fundamentals indicates that the company is a medium risk investment in terms of its financial and business aspects. According to the company’s Risk Rating, there are three risk warnings that have been detected in its income, balance and cash flow sheets. To get a better understanding of these risks, those interested can register on GoodWhale.com to access further information. GoodWhale’s Risk Rating system looks at a company’s financial strength, competitive advantages, and the overall industry to provide an in-depth assessment of its risk level. This includes analyzing the solvency of the company, its free cash flow, debt levels, and the likelihood of companies withstanding economic downturns. It also takes into account the company’s competitive position and any potential competitors that could affect its performance. By providing such thorough assessments, GoodWhale is able to provide investors with a comprehensive way to evaluate potential investments. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Vishay Precision. More…
| Total Revenues | Net Income | Net Margin |
| 365.96 | 34.15 | 9.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Vishay Precision. More…
| Operations | Investing | Financing |
| 42.48 | -19.26 | -4.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Vishay Precision. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 486.98 | 165.31 | 23.65 |
Key Ratios Snapshot
Some of the financial key ratios for Vishay Precision are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.6% | 33.4% | 13.0% |
| FCF Margin | ROE | ROA |
| 6.3% | 9.4% | 6.1% |
Peers
In the world of precision measurement, there are few companies that can compete with Vishay Precision Group Inc. With over 60 years of experience in the industry, Vishay Precision Group Inc has established itself as a leader in the field. Its competitors, Jenoptik AG, BeiJing StarNeto Technology Co Ltd, and 3D Pioneer Systems Inc, are all trying to catch up to Vishay Precision Group Inc’s level of expertise and experience.
– Jenoptik AG ($OTCPK:JNPKF)
Jenoptik AG is a German optics company. The company is headquartered in Jena, Thuringia, and has branches in over 80 countries. The company is listed on the Frankfurt Stock Exchange and is a member of the DAX index. The company’s core business is the development and production of optical systems for applications in the semiconductor, automotive, and defense industries. Jenoptik AG also offers a wide range of services in the field of optical metrology.
Jenoptik AG’s market cap as of 2022 is 1.62B. The company’s return on equity is 8.63%.
Jenoptik AG is a leading international provider of optical systems. The company’s core competencies include the development, production and distribution of optical systems for applications in the semiconductor, automotive and defense industries. Jenoptik AG also offers a wide range of services in the field of optical metrology.
– BeiJing StarNeto Technology Co Ltd ($SZSE:002829)
BeiJing StarNeto Technology Co Ltd is a Chinese company that specializes in the development and manufacture of telecommunications equipment. The company has a market capitalization of 6.09 billion as of 2022 and a return on equity of 11.37%. The company’s products include mobile phones, fixed-line phones, VoIP phones, and other related products.
– 3D Pioneer Systems Inc ($OTCPK:DPSM)
Pioneer Systems Inc is a provider of 3D printing and additive manufacturing solutions. The company offers a range of products and services, including 3D printers, software, and materials. Pioneer Systems Inc has a market cap of 7.22k as of 2022. The company’s Return on Equity is -1278.78%. Pioneer Systems Inc is a provider of 3D printing and additive manufacturing solutions. The company offers a range of products and services, including 3D printers, software, and materials.
Summary
Vishay Precision reported a total revenue of $90.8 million for the second quarter of FY2023, ending June 30. This figure represented a 2.5% increase year over year.
However, net income for the same period was $8.2 million, representing a decrease of 23.4% from the previous year. Despite the lower net income, the stock has remained relatively stable and is still viewed as a sound investment. Investors are encouraged to continue monitoring the company’s performance moving forward and to consider all factors when evaluating their potential return on investment.
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