IPG PHOTONICS CORP (IPGP) Stock Fundamental Analysis
USA - NASDAQ:IPGP - US44980X1090 - Common Stock
79.94 USD
-2.66 (-3.22%)
79.94 USD
0 (0%)
Overall IPGP gets a fundamental rating of 4 out of 10. We evaluated IPGP against 125 industry peers in the Electronic Equipment, Instruments & Components industry. IPGP has a great financial health rating, but its profitability evaluates not so good. IPGP does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
IPGP had positive earnings in the past year.
In the past year IPGP had a positive cash flow from operations.
IPGP had positive earnings in 4 of the past 5 years.
In the past 5 years IPGP always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of -9.05%, IPGP is not doing good in the industry: 62.40% of the companies in the same industry are doing better.
The Return On Equity of IPGP (-10.24%) is worse than 60.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.05% | ||
| ROE | -10.24% | ||
| ROIC | N/A |
ROA(3y)1.4%
ROA(5y)3.68%
ROE(3y)1.57%
ROE(5y)4.2%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
In the last couple of years the Operating Margin of IPGP has declined.
With a Gross Margin value of 34.65%, IPGP perfoms like the industry average, outperforming 55.20% of the companies in the same industry.
IPGP's Gross Margin has declined in the last couple of years.
IPGP does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 34.65% |
OM growth 3Y-60.56%
OM growth 5Y-41.77%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-10.12%
GM growth 5Y-5.58%
2. Health
2.1 Basic Checks
IPGP does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, IPGP has less shares outstanding
The number of shares outstanding for IPGP has been reduced compared to 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 10.18 indicates that IPGP is not in any danger for bankruptcy at the moment.
IPGP has a Altman-Z score of 10.18. This is amongst the best in the industry. IPGP outperforms 89.60% 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 | 10.18 |
ROIC/WACCN/A
WACC9.23%
2.3 Liquidity
IPGP has a Current Ratio of 6.79. This indicates that IPGP is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 6.79, IPGP belongs to the best of the industry, outperforming 89.60% of the companies in the same industry.
IPGP has a Quick Ratio of 5.39. This indicates that IPGP is financially healthy and has no problem in meeting its short term obligations.
IPGP has a better Quick ratio (5.39) than 88.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 6.79 | ||
| Quick Ratio | 5.39 |
3. Growth
3.1 Past
The earnings per share for IPGP have decreased strongly by -76.16% in the last year.
IPGP shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -19.50% yearly.
Looking at the last year, IPGP shows a very negative growth in Revenue. The Revenue has decreased by -14.77% in the last year.
IPGP shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -5.76% yearly.
EPS 1Y (TTM)-76.16%
EPS 3Y-34.65%
EPS 5Y-19.5%
EPS Q2Q%-64.44%
Revenue 1Y (TTM)-14.77%
Revenue growth 3Y-12.55%
Revenue growth 5Y-5.76%
Sales Q2Q%-2.69%
3.2 Future
The Earnings Per Share is expected to grow by 25.04% on average over the next years. This is a very strong growth
Based on estimates for the next years, IPGP will show a small growth in Revenue. The Revenue will grow by 7.17% on average per year.
EPS Next Y-51.87%
EPS Next 2Y2.71%
EPS Next 3Y25.04%
EPS Next 5YN/A
Revenue Next Year-0.69%
Revenue Next 2Y3.44%
Revenue Next 3Y6%
Revenue Next 5Y7.17%
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
With a Price/Earnings ratio of 111.03, IPGP can be considered very expensive at the moment.
IPGP's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.30, IPGP is valued quite expensively.
IPGP is valuated quite expensively with a Price/Forward Earnings ratio of 52.63.
IPGP's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of IPGP to the average of the S&P500 Index (22.73), we can say IPGP is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 111.03 | ||
| Fwd PE | 52.63 |
4.2 Price Multiples
IPGP's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, IPGP is valued a bit cheaper than the industry average as 60.80% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 52.21 | ||
| EV/EBITDA | 37.63 |
4.3 Compensation for Growth
A more expensive valuation may be justified as IPGP's earnings are expected to grow with 25.04% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y2.71%
EPS Next 3Y25.04%
5. Dividend
5.1 Amount
No dividends for IPGP!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
79.94
-2.66 (-3.22%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners66.29%
Inst Owner Change7.88%
Ins Owners6.36%
Ins Owner Change0.06%
Market Cap3.38B
Analysts72.5
Price Target81.8 (2.33%)
Short Float %9.61%
Short Ratio10.24
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.22%
Min EPS beat(2)-57.53%
Max EPS beat(2)69.97%
EPS beat(4)2
Avg EPS beat(4)11.01%
Min EPS beat(4)-57.53%
Max EPS beat(4)69.97%
EPS beat(8)4
Avg EPS beat(8)5.09%
EPS beat(12)8
Avg EPS beat(12)8.18%
EPS beat(16)10
Avg EPS beat(16)8.23%
Revenue beat(2)1
Avg Revenue beat(2)2.7%
Min Revenue beat(2)-1.67%
Max Revenue beat(2)7.06%
Revenue beat(4)3
Avg Revenue beat(4)1.68%
Min Revenue beat(4)-1.67%
Max Revenue beat(4)7.06%
Revenue beat(8)4
Avg Revenue beat(8)-0.25%
Revenue beat(12)6
Avg Revenue beat(12)-0.61%
Revenue beat(16)9
Avg Revenue beat(16)0.1%
PT rev (1m)17.94%
PT rev (3m)20.78%
EPS NQ rev (1m)-22.04%
EPS NQ rev (3m)-63.17%
EPS NY rev (1m)-28%
EPS NY rev (3m)5.34%
Revenue NQ rev (1m)0.82%
Revenue NQ rev (3m)-3.91%
Revenue NY rev (1m)2.93%
Revenue NY rev (3m)2.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 111.03 | ||
| Fwd PE | 52.63 | ||
| P/S | 3.57 | ||
| P/FCF | 52.21 | ||
| P/OCF | 22.34 | ||
| P/B | 1.6 | ||
| P/tB | 1.71 | ||
| EV/EBITDA | 37.63 |
EPS(TTM)0.72
EY0.9%
EPS(NY)1.52
Fwd EY1.9%
FCF(TTM)1.53
FCFY1.92%
OCF(TTM)3.58
OCFY4.48%
SpS22.41
BVpS49.85
TBVpS46.85
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -9.05% | ||
| ROE | -10.24% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 34.65% | ||
| FCFM | 6.83% |
ROA(3y)1.4%
ROA(5y)3.68%
ROE(3y)1.57%
ROE(5y)4.2%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)6.46%
ROCE(5y)8.05%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3Y-60.56%
OM growth 5Y-41.77%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-10.12%
GM growth 5Y-5.58%
F-Score4
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 141.45% | ||
| Cap/Sales | 9.14% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 277.64% | ||
| Profit Quality | N/A | ||
| Current Ratio | 6.79 | ||
| Quick Ratio | 5.39 | ||
| Altman-Z | 10.18 |
F-Score4
WACC9.23%
ROIC/WACCN/A
Cap/Depr(3y)146.85%
Cap/Depr(5y)132.22%
Cap/Sales(3y)8.79%
Cap/Sales(5y)8.42%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-76.16%
EPS 3Y-34.65%
EPS 5Y-19.5%
EPS Q2Q%-64.44%
EPS Next Y-51.87%
EPS Next 2Y2.71%
EPS Next 3Y25.04%
EPS Next 5YN/A
Revenue 1Y (TTM)-14.77%
Revenue growth 3Y-12.55%
Revenue growth 5Y-5.76%
Sales Q2Q%-2.69%
Revenue Next Year-0.69%
Revenue Next 2Y3.44%
Revenue Next 3Y6%
Revenue Next 5Y7.17%
EBIT growth 1Y-105.93%
EBIT growth 3Y-65.51%
EBIT growth 5Y-45.12%
EBIT Next Year160.11%
EBIT Next 3Y40.32%
EBIT Next 5Y28.3%
FCF growth 1Y-42.28%
FCF growth 3Y-17.56%
FCF growth 5Y-4.7%
OCF growth 1Y-31.73%
OCF growth 3Y-14%
OCF growth 5Y-5.18%