Vicor's declining ROCE and modest 24% stock return over five years hint at limited multi-bagger potential. Despite shrinking returns, the company's reinvestment is somewhat encouraging but fails to counteract negative trends.
The downgrade in Vicor's earnings and revenue estimates suggests potential business headwinds. The market may become more wary of the business given the scope of the downgrades.
Analysts' sentiment dips following latest results, with significant cuts to revenue estimates and a slight decrease in EPS. Price targets also reduced, indicating increased pessimism about the business's intrinsic value.
Vicor's high P/E ratio, seen as unsustainable, is due to investor expectations of continued market outperformance. However, with forecasted growth lower than the market, current prices may be unreasonable without significant conditions improvement.
Analyses reveal skepticism in Vicor's potential due to unimpressive ROCE and stagnant sales, even after capital reinvestment. The uninspiring trends suggest investors may find better opportunities elsewhere.
Insider shares sold at a price much higher than the current one might indicate a lack of confidence in the current price level. Sustained high insider ownership could suggest alignment between management and shareholder interests.
Analysts bearish on Vicor's prospects post latest results, leading to a marked down revenue and slashed EPS estimates. Its projected revenue growth through 2024 is anticipated lower than industry average.
Needham has downgraded due to unsatisfactory booking and backlog data, cautious management tone, and intensified competition eating into Vicor's business. They predict the stock to be range-bound for the coming year and have lowered Vicor's 2024/2025 estimates.
Vicor电子股票讨论区
1991年上市的美国公司,主要做电源组件和系统业务,主要市场在美国亚太和欧洲,当前价格33.72。
5年来营收除2019年外增长了4年,平均增速6.8%,营业利润则受毛利率波动影响较大,2021和2023年是毛利率和营业利润的两次高点,5年平均增速9.65,净利润平均增速11%。
2024Q1营收、营业利润和净利润全面大幅萎缩。
目前市盈率28,市盈率TTM33.6,近3年平均净利0.45亿对应市盈率为33.2,过往毛利率波动没有什么规律,利润波动难以预测,长期增速也不高,目前估值吸引力不大。
优于预期的业绩发布后迎来跳空上涨,也创下历史新高的单周成交量,回调到MA20上方缩量窄幅横行,放量突破tight pivot后买入会是个低风险的交易机会。
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