Vicor Corporation Common Stock (VICR)

FairStock Score: 42/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that earn high returns on capital and sell at sensible prices. Vicor designs modular power components, a niche technology business with 1,092 employees. Its niche power-conversion technology may offer some customer stickiness, but the figures do not prove a wide moat. Financial health is a clear strength: debt-to-equity is 0.01, ROE is 20.13%, and the Altman Z-score is 129.09, so solvency is not the issue. In FY2025, filed results show revenue of $407.7M, net income of $118.6M, and diluted EPS of $2.61, versus FY2024 revenue of $359.1M, net income of $6.1M, and diluted EPS of $0.14. That profit rebound is impressive, though the five-year Lynch category is STALWART: profit grew 45.9% a year while revenue grew 6.6%. The latest filed quarter, fiscal Q1 2026, showed revenue of $113.0M and net income of $20.7M, or $0.44 per diluted share, suggesting continued profitability. But quality has limits: ROCE is 7.48%, free cash flow is $51.3M trailing twelve months, and FCF yield is 0.4%. Revenue has also been uneven—FY2023 revenue was $405.1M, barely below FY2025. More importantly, price is not value. At the 2026-10-13 close of $267.24, FairStock calculations show a P/E of 85.65, P/B of 14.76, PEG of 4.11, EV/EBITDA of 111.23, and Graham Number of $35.65, leaving a margin of safety of -649.62%. I would want a much wider discount before calling this a bargain. The enterprise is respectable, but the stock already discounts a lot of future success, and beta of 2.36 adds volatility.

In plain English: Vicor makes parts that change and control electrical power inside electronic devices. The company is profitable and carries almost no debt, but its sales have grown slowly and unevenly over the past few years. At the recent close, the stock looks very expensive compared with its profits, book value, and cash generation.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-K (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer