IPG PHOTONICS CORP (IPGP)
US44980X1090 - Common Stock
Overall IPGP gets a fundamental rating of 6 out of 10. We evaluated IPGP against 127 industry peers in the Electronic Equipment, Instruments & Components industry. IPGP is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. IPGP has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year IPGP was profitable.
IPGP had a positive operating cash flow in the past year.
IPGP had positive earnings in each of the past 5 years.
IPGP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
IPGP has a better Return On Assets (7.04%) than 83.20% of its industry peers.
IPGP has a Return On Equity of 7.81%. This is in the better half of the industry: IPGP outperforms 64.80% of its industry peers.
IPGP has a Return On Invested Capital (5.03%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for IPGP is in line with the industry average of 9.10%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.04% | ||
| ROE | 7.81% | ||
| ROIC | 5.03% |
ROA(3y)6.97%
ROA(5y)6.59%
ROE(3y)7.94%
ROE(5y)7.49%
ROIC(3y)7.25%
ROIC(5y)7.14%
1.3 Margins
The Profit Margin of IPGP (15.33%) is better than 94.40% of its industry peers.
In the last couple of years the Profit Margin of IPGP has declined.
With an excellent Operating Margin value of 14.48%, IPGP belongs to the best of the industry, outperforming 91.20% of the companies in the same industry.
IPGP's Operating Margin has declined in the last couple of years.
IPGP has a Gross Margin of 41.29%. This is in the better half of the industry: IPGP outperforms 74.40% of its industry peers.
In the last couple of years the Gross Margin of IPGP has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.48% | ||
| PM (TTM) | 15.33% | ||
| GM | 41.29% |
OM growth 3Y-2.3%
OM growth 5Y-12.68%
PM growth 3Y8.55%
PM growth 5Y-9.28%
GM growth 3Y-2.14%
GM growth 5Y-5.15%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), IPGP is destroying value.
Compared to 1 year ago, IPGP has less shares outstanding
IPGP has less shares outstanding than it did 5 years ago.
There is no outstanding debt for IPGP. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
An Altman-Z score of 12.35 indicates that IPGP is not in any danger for bankruptcy at the moment.
IPGP's Altman-Z score of 12.35 is amongst the best of the industry. IPGP outperforms 92.80% of its industry peers.
There is no outstanding debt for IPGP. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 12.35 |
ROIC/WACC0.54
WACC9.37%
2.3 Liquidity
IPGP has a Current Ratio of 9.52. This indicates that IPGP is financially healthy and has no problem in meeting its short term obligations.
IPGP has a better Current ratio (9.52) than 92.00% of its industry peers.
A Quick Ratio of 7.27 indicates that IPGP has no problem at all paying its short term obligations.
IPGP's Quick ratio of 7.27 is amongst the best of the industry. IPGP outperforms 88.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 9.52 | ||
| Quick Ratio | 7.27 |
3. Growth
3.1 Past
The earnings per share for IPGP have decreased strongly by -21.30% in the last year.
The Earnings Per Share has been decreasing by -8.94% on average over the past years.
The Revenue for IPGP has decreased by -15.24% in the past year. This is quite bad
The Revenue has been decreasing by -2.48% on average over the past years.
EPS 1Y (TTM)-21.3%
EPS 3Y19.46%
EPS 5Y-8.94%
EPS growth Q2Q-58.73%
Revenue 1Y (TTM)-15.24%
Revenue growth 3Y2.35%
Revenue growth 5Y-2.48%
Revenue growth Q2Q-27.41%
3.2 Future
Based on estimates for the next years, IPGP will show a small growth in Earnings Per Share. The EPS will grow by 2.19% on average per year.
Based on estimates for the next years, IPGP will show a small growth in Revenue. The Revenue will grow by 5.65% on average per year.
EPS Next Y-28.27%
EPS Next 2Y1.09%
EPS Next 3Y2.19%
EPS Next 5YN/A
Revenue Next Year-8.66%
Revenue Next 2Y1.86%
Revenue Next 3Y2.83%
Revenue Next 5Y5.65%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 22.84, which indicates a rather expensive current valuation of IPGP.
Based on the Price/Earnings ratio, IPGP is valued a bit cheaper than the industry average as 68.00% of the companies are valued more expensively.
IPGP's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.60.
With a Price/Forward Earnings ratio of 18.77, IPGP is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of IPGP indicates a somewhat cheap valuation: IPGP is cheaper than 63.20% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of IPGP to the average of the S&P500 Index (20.15), we can say IPGP is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.84 | ||
| Fwd PE | 18.77 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, IPGP is valued a bit cheaper than the industry average as 80.00% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of IPGP indicates a somewhat cheap valuation: IPGP is cheaper than 76.00% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.4 | ||
| EV/EBITDA | 9.37 |
4.3 Compensation for Growth
IPGP has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y1.09%
EPS Next 3Y2.19%
5. Dividend
5.1 Amount
IPGP does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
IPG PHOTONICS CORP
NASDAQ:IPGP (5/17/2024, 7:06:28 PM)
After market: 88.61 0 (0%)88.61
+0.01 (+0.01%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap4.04B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.84 | ||
| Fwd PE | 18.77 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.04% | ||
| ROE | 7.81% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 14.48% | ||
| PM (TTM) | 15.33% | ||
| GM | 41.29% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.46
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 9.52 | ||
| Quick Ratio | 7.27 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-21.3%
EPS 3Y19.46%
EPS 5Y
EPS growth Q2Q
EPS Next Y-28.27%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-15.24%
Revenue growth 3Y2.35%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y