Vicor Corporation VICR

Name: VICR Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored March 17, 2026

Price at analysis: $172.65

Crucible Score

46.8

C-

Quality × Value Composite

KQI — Quality

58.6

C+

Fundamental Quality Index

KVI — Value

32.4

D-

Valuation Attractiveness Index

Crucible Verdict — VICR

Vicor Corporation (VICR) presents a stark quality-value disconnect, with solid financial metrics (75 quality score) undermined by poor management effectiveness (42) and a significant 12% overvaluation versus fair value. VICR's 66% earnings beat rate demonstrates operational consistency, but persistent insider selling signals management's lack of confidence. The wide $78-$268 valuation range suggests high uncertainty around the company's growth trajectory.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

74.9

Growth Profile

56.7

Moat Durability

59.6

Management Effectiveness⚠

41.6

Diversification & Resilience

52.2

Market Position

66.0

Weakest dimension: Management Effectiveness (41.6)

◆ KVI Value Dimensions

DCF Margin of Safety

28.6

FCF Yield & Cash Returns

21.4

Relative Valuation

22.0

Growth-Adjusted Value

60.4

Historical Valuation

43.0

Macro Context

31.7

◆ DCF Valuation Scenarios

Bear Case

$78.50

Base Case

$152.30

Bull Case

$268.00

Price at Analysis

$172.65

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$78.50	5.0%	12.0%	15.7%
🟢 Base	$152.30	10.0%	16.0%	14.9%
🟢 Bull	$268.00	15.0%	20.0%	14.3%

Key Assumptions: WACC calculated using CAPM with 4.39% risk-free rate, 1.92 beta, and 5.5% ERP yielding ~14.9% base WACC, reflecting VICR's high beta and power module niche. Revenue base of ~$408M with historical volatility around $359-$408M; base case assumes steady recovery driven by AI/data center power demand. Operating margins historically ranged from -0.4% to 15.5%, with capex intensity elevated recently (8-16% of revenue) as the company invests in next-gen power architectures; tax rate normalized at 10% given historical effective rates well below statutory.

◆ Financial Snapshot

Profitability

Gross Margin57.3%

Operating Margin18.1%

Net Margin26.2%

ROIC4.1%

ROE7.1%

Balance Sheet

Balance SheetCR: 8.99

Cash ConversionFCF/EPS: 1.01x

Capital IntensityCapex/Rev: 5.0%

Altman Z-Score68.62 (Safe)

Piotroski F-Score7/9 (Good)

Growth

Revenue CAGR3.2% CAGR

Earnings CAGR20.3% CAGR

Growth ConsistencyCV: 1.39

Segment Breadth1/2 growing (50%)

Quarterly TrendRev↘+12%, Margin↑, Cash↓, WC↓, Exp↓

Earnings CredibilityTends to Beat

◆ Analyst Consensus & Leadership

Leadership & Governance

CEO Ownership99.8%

Compensation28% performance-based

Insider ActivitySelling

Capital AllocationROIC 4.1% vs WACC 15.0%

Earnings Beat Rate66% (15/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted March 17, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.