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Vicor

DB:VCV
Snowflake Description

Flawless balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VCV
DB
$2B
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The last earnings update was 32 days ago. More info.


Add to Portfolio Compare Print
  • Vicor has significant price volatility in the past 3 months.
VCV Share Price and Events
7 Day Returns
17.4%
DB:VCV
9.2%
DE Electrical
9.9%
DE Market
1 Year Returns
35%
DB:VCV
-8.2%
DE Electrical
-17.5%
DE Market
VCV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vicor (VCV) 17.4% -4.2% -7.7% 35% 156.7% 170.6%
DE Electrical 9.2% -20.6% -35.2% -8.2% -43.7% -44.1%
DE Market 9.9% -16.6% -24.8% -17.5% -24.5% -28.1%
1 Year Return vs Industry and Market
  • VCV outperformed the Electrical industry which returned -8.2% over the past year.
  • VCV outperformed the Market in Germany which returned -17.5% over the past year.
Price Volatility
VCV
Industry
5yr Volatility vs Market

Value

 Is Vicor undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Vicor to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Vicor.

DB:VCV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:VCV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.118 (1 + (1- 21%) (0.26%))
1.081
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.081 * 5.44%)
5.49%

Discounted Cash Flow Calculation for DB:VCV using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Vicor is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:VCV DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.49%)
2020 -0.50 Analyst x1 -0.47
2021 41.20 Analyst x1 37.02
2022 50.32 Est @ 22.13% 42.86
2023 58.05 Est @ 15.38% 46.88
2024 64.24 Est @ 10.65% 49.17
2025 68.95 Est @ 7.33% 50.03
2026 72.41 Est @ 5.02% 49.81
2027 74.86 Est @ 3.4% 48.82
2028 76.56 Est @ 2.26% 47.32
2029 77.68 Est @ 1.46% 45.52
Present value of next 10 years cash flows $416.00
DB:VCV DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $77.68 × (1 + -0.39%) ÷ (5.49% – -0.39%)
$1,315.94
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,315.94 ÷ (1 + 5.49%)10
$771.13
DB:VCV Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $416.00 + $771.13
$1,187.13
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,187.13 / 40.60
$29.24
DB:VCV Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:VCV represents 0.84659x of NasdaqGS:VICR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.84659x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 29.24 x 0.84659
€24.75
Value per share (EUR) From above. €24.75
Current discount Discount to share price of €37.58
= -1 x (€37.58 - €24.75) / €24.75
-51.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Vicor is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Vicor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vicor's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:VCV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.35
NasdaqGS:VICR Share Price ** NasdaqGS (2020-03-31) in USD $44.39
Germany Electrical Industry PE Ratio Median Figure of 6 Publicly-Listed Electrical Companies 22.57x
Germany Market PE Ratio Median Figure of 399 Publicly-Listed Companies 16.31x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Vicor.

DB:VCV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:VICR Share Price ÷ EPS (both in USD)

= 44.39 ÷ 0.35

126.99x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vicor is overvalued based on earnings compared to the DE Electrical industry average.
  • Vicor is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Vicor's expected growth come at a high price?
Raw Data
DB:VCV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 126.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
49%per year
Germany Electrical Industry PEG Ratio Median Figure of 5 Publicly-Listed Electrical Companies 1x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:VCV PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 126.99x ÷ 49%

2.59x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vicor is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Vicor's assets?
Raw Data
DB:VCV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $5.07
NasdaqGS:VICR Share Price * NasdaqGS (2020-03-31) in USD $44.39
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.69x
Germany Market PB Ratio Median Figure of 571 Publicly-Listed Companies 1.43x
DB:VCV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:VICR Share Price ÷ Book Value per Share (both in USD)

= 44.39 ÷ 5.07

8.75x

* Primary Listing of Vicor.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vicor is overvalued based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Vicor's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Vicor has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Vicor expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
49%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vicor expected to grow at an attractive rate?
  • Vicor's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Vicor's earnings growth is expected to exceed the Germany market average.
  • Vicor's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:VCV Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:VCV Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 49%
DB:VCV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 14.7%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 69.2%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:VCV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:VCV Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 397 73 2
2021-12-31 366 69 59 4
2020-12-31 292 44 27 4
2020-03-31
DB:VCV Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 263 22 14
2019-09-30 274 30 20
2019-06-30 281 33 27
2019-03-31 292 35 32
2018-12-31 291 36 32
2018-09-30 276 20 26
2018-06-30 255 7 13
2018-03-31 239 -2 5
2017-12-31 228 -2 0
2017-09-30 217 3 -4
2017-06-30 213 4 -2
2017-03-31 209 0 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Vicor's earnings are expected to grow significantly at over 20% yearly.
  • Vicor's revenue is expected to grow by 14.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:VCV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Vicor Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:VCV Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.69 1.90 1.47 2.00
2021-12-31 1.37 1.60 1.01 4.00
2020-12-31 0.63 0.78 0.45 4.00
2020-03-31
DB:VCV Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.35
2019-09-30 0.49
2019-06-30 0.67
2019-03-31 0.80
2018-12-31 0.80
2018-09-30 0.67
2018-06-30 0.34
2018-03-31 0.13
2017-12-31 0.00
2017-09-30 -0.11
2017-06-30 -0.05
2017-03-31 -0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Vicor is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Vicor's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Vicor has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Vicor performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Vicor's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Vicor has delivered over 20% year on year earnings growth in the past 5 years.
  • Vicor's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Vicor's 1-year earnings growth is negative, it can't be compared to the DE Electrical industry average.
Earnings and Revenue History
Vicor's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Vicor Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:VCV Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 262.98 14.10 62.28 46.59
2019-09-30 273.57 19.70 61.58 45.50
2019-06-30 280.84 26.77 61.41 44.68
2019-03-31 291.68 32.07 62.20 44.38
2018-12-31 291.22 31.73 62.22 44.29
2018-09-30 276.27 26.43 60.88 44.66
2018-06-30 255.12 13.40 60.10 44.51
2018-03-31 238.64 5.08 58.82 45.04
2017-12-31 227.83 0.17 58.09 44.92
2017-09-30 217.14 -4.13 57.09 43.51
2017-06-30 213.48 -1.79 55.90 43.30
2017-03-31 208.72 -1.87 55.68 42.13
2016-12-31 200.28 -6.25 55.68 41.85
2016-09-30 203.59 -5.31 56.63 42.13
2016-06-30 199.03 -5.14 56.70 41.91
2016-03-31 202.20 -3.80 57.47 41.78
2015-12-31 220.19 4.93 58.31 41.47
2015-09-30 229.54 6.68 59.16 41.41
2015-06-30 239.27 0.50 63.13 41.64
2015-03-31 236.52 -5.14 65.08 41.65
2014-12-31 225.73 -13.89 68.20 41.48
2014-09-30 220.25 -26.99 69.28 41.39
2014-06-30 216.94 -24.25 66.41 40.90
2014-03-31 210.45 -24.03 64.83 40.24
2013-12-31 199.16 -23.64 60.74 39.85
2013-09-30 194.33 -15.35 58.23 39.64
2013-06-30 192.18 -14.23 57.17 39.01

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Vicor has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Vicor used its assets less efficiently than the DE Electrical industry average last year based on Return on Assets.
  • Vicor has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Vicor's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Vicor has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Vicor's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Vicor's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vicor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Vicor's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Vicor's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Vicor has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Vicor Company Filings, last reported 3 months ago.

DB:VCV Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 205.87 0.00 84.67
2019-09-30 202.72 0.00 81.23
2019-06-30 194.32 0.00 71.48
2019-03-31 190.69 0.00 66.61
2018-12-31 184.09 0.00 70.56
2018-09-30 175.96 0.00 68.21
2018-06-30 158.94 0.00 53.92
2018-03-31 146.36 0.00 42.68
2017-12-31 136.42 0.00 44.23
2017-09-30 133.62 0.00 48.94
2017-06-30 132.09 0.00 51.43
2017-03-31 131.25 0.00 52.83
2016-12-31 131.02 0.00 56.17
2016-09-30 132.74 0.00 55.07
2016-06-30 130.50 0.00 54.15
2016-03-31 130.34 0.00 59.71
2015-12-31 136.09 0.00 62.98
2015-09-30 139.56 0.00 68.57
2015-06-30 136.44 0.00 65.15
2015-03-31 134.82 0.00 59.41
2014-12-31 130.55 0.00 55.46
2014-09-30 129.58 0.00 53.73
2014-06-30 132.97 0.00 51.45
2014-03-31 137.26 0.00 50.95
2013-12-31 142.34 0.00 56.80
2013-09-30 156.10 0.00 61.19
2013-06-30 156.42 0.00 60.78
  • Vicor has no debt.
  • Vicor has not taken on any debt in the past 5 years.
  • Vicor has no debt, it does not need to be covered by operating cash flow.
  • Vicor has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Vicor's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Vicor has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Vicor's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Vicor dividends.
If you bought €2,000 of Vicor shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Vicor's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Vicor's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:VCV Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:VCV Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-03-31
DB:VCV Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2013-10-30 0.000 0.000
2013-07-30 0.000 0.000
2013-07-23 0.000 0.000
2013-05-01 0.000 0.000
2013-04-25 0.000 0.000
2013-03-07 0.000 0.000
2013-02-26 0.000 0.000
2012-10-23 0.150 2.749
2012-07-30 0.000 0.000
2012-03-02 0.150 2.145
2012-02-22 0.150 1.762
2011-10-28 0.150 1.794
2011-10-25 0.150 1.589
2011-07-26 0.150 1.455
2011-03-03 0.300 1.900
2011-02-22 0.300 1.967
2010-11-03 0.300 1.827
2010-10-21 0.300 1.657
2010-06-28 0.300 2.099
2010-05-05 0.000 0.000
2010-04-22 0.000 0.000
2010-03-10 0.000 0.000
2010-03-09 0.000 0.000
2009-11-04 0.000 0.000
2009-11-03 0.000 0.000
2009-08-05 0.000 0.000
2009-08-04 0.000 0.000
2009-05-06 0.000 0.000
2009-05-05 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Vicor has not reported any payouts.
  • Unable to verify if Vicor's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Vicor's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Vicor has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Vicor's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Vicor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vicor has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Vicor's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Patrizio Vinciarelli
COMPENSATION $443,764
AGE 72
TENURE AS CEO 39.2 years
CEO Bio

Dr. Patrizio Vinciarelli, Ph.D. founded Vicor Corporation in 1981 and has been its Chairman, Chief Executive Officer, President and Director since 1981. Prior thereto, Dr. Vinciarelli was a Fellow from 1977 to 1980 at the Institute of Advanced Studies in Princeton, New Jersey and an Instructor at Princeton University. From 1973 to 1976, he was a Fellow at CERN, the Center for Nuclear Research in Geneva, Switzerland. Dr. Vinciarelli received his doctorate in Physics from the University of Rome, Italy. Dr. Vinciarelli holds more than 100 patents for power conversion technology.

CEO Compensation
  • Patrizio's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Patrizio's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Vicor management team in years:

10.4
Average Tenure
59
Average Age
  • The average tenure for the Vicor management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Patrizio Vinciarelli

TITLE
Founder
COMPENSATION
$444K
AGE
72
TENURE
39.2 yrs

Jamie Simms

TITLE
CFO, Corporate VP
COMPENSATION
$423K
AGE
59
TENURE
11.8 yrs

Michael McNamara

TITLE
Corporate VP
COMPENSATION
$342K
AGE
58
TENURE
4.7 yrs

Phil Davies

TITLE
Corporate VP of Global Sales & Marketing and Director
COMPENSATION
$402K
AGE
59
TENURE
9 yrs

Claudio Tuozzolo

TITLE
Corporate VP & Director
COMPENSATION
$436K
AGE
56

Richard Nagel

TITLE
Chief Accounting Officer & Corporate VP
COMPENSATION
$210K
AGE
62
TENURE
13.8 yrs

Joseph Jeffery

TITLE
Chief Information Officer & Corporate VP
AGE
68
TENURE
4.4 yrs

Nancy Grava

TITLE
Corporate Vice President of Human Resources
AGE
48
TENURE
4.7 yrs

Kemble Morrison

TITLE
VP & Corporate Controller
TENURE
12.6 yrs
Board of Directors Tenure

Average tenure and age of the Vicor board of directors in years:

12.5
Average Tenure
60.5
Average Age
  • The average tenure for the Vicor board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Patrizio Vinciarelli

TITLE
Founder
COMPENSATION
$444K
AGE
72
TENURE
39.2 yrs

Jamie Simms

TITLE
CFO, Corporate VP
COMPENSATION
$423K
AGE
59
TENURE
11.8 yrs

Michael McNamara

TITLE
Corporate VP
COMPENSATION
$342K
AGE
58
TENURE
0.7 yrs

Phil Davies

TITLE
Corporate VP of Global Sales & Marketing and Director
COMPENSATION
$402K
AGE
59
TENURE
0.7 yrs

Claudio Tuozzolo

TITLE
Corporate VP & Director
COMPENSATION
$436K
AGE
56
TENURE
13.2 yrs

Jason Carlson

TITLE
Independent Director
COMPENSATION
$54K
AGE
57
TENURE
11.6 yrs

Barry Kelleher

TITLE
Independent Director
COMPENSATION
$54K
AGE
70
TENURE
21.2 yrs

H. Henderson

TITLE
Director
COMPENSATION
$54K
AGE
71
TENURE
5.4 yrs

Estia Eichten

TITLE
Independent Director
COMPENSATION
$54K
AGE
72
TENURE
39.2 yrs

Samuel Anderson

TITLE
Independent Director
COMPENSATION
$54K
AGE
62
TENURE
19.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
12. Dec 19 Sell Michael McNamara Individual 11. Dec 19 11. Dec 19 -2,389 €37.40 €-89,358
11. Dec 19 Sell Alex Gusinov Individual 10. Dec 19 10. Dec 19 -1,280 €37.00 €-47,363
05. Dec 19 Sell Claudio Tuozzolo Individual 03. Dec 19 03. Dec 19 -668 €37.01 €-24,721
06. Sep 19 Sell Robert Gendron Individual 05. Sep 19 05. Sep 19 -250 €28.08 €-7,020
X
Management checks
We assess Vicor's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Vicor has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components; and input and output voltage, and output power products, as well as electrical and mechanical accessories. It also provides custom power systems solutions. The company serves independent manufacturers of electronic devices, original equipment manufacturers, and their contract manufacturers in the aerospace and aviation, defense electronics, industrial automation and equipment, instrumentation, test equipment, solid state lighting, telecommunications and networking infrastructure, and vehicles and transportation markets. Vicor Corporation was founded in 1981 and is headquartered in Andover, Massachusetts.

Details
Name: Vicor Corporation
VCV
Exchange: DB
Founded: 1981
$1,538,903,082
40,602,696
Website: http://www.vicorpower.com
Address: Vicor Corporation
25 Frontage Road,
Andover,
Massachusetts, 01810,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS VICR Common Stock Nasdaq Global Select US USD 03. Apr 1990
DB VCV Common Stock Deutsche Boerse AG DE EUR 03. Apr 1990
Number of employees
Current staff
Staff numbers
1,004
Vicor employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/31 21:52
End of day share price update: 2020/03/31 00:00
Last estimates confirmation: 2020/03/20
Last earnings filing: 2020/02/28
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.