IPG PHOTONICS CORP (IPGP) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:IPGP • US44980X1090

109.61 USD
+10.31 (+10.38%)
At close: Feb 6, 2026
109.61 USD
0 (0%)
After Hours: 2/6/2026, 4:45:50 PM
Fundamental Rating

5

IPGP gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 123 industry peers in the Electronic Equipment, Instruments & Components industry. IPGP has an excellent financial health rating, but there are some minor concerns on its profitability. IPGP is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year IPGP was profitable.
  • IPGP had a positive operating cash flow in the past year.
  • Of the past 5 years IPGP 4 years were profitable.
  • Each year in the past 5 years IPGP had a positive operating cash flow.
IPGP Yearly Net Income VS EBIT VS OCF VS FCFIPGP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M

1.2 Ratios

  • The Return On Assets of IPGP (1.08%) is comparable to the rest of the industry.
  • IPGP's Return On Equity of 1.22% is in line compared to the rest of the industry. IPGP outperforms 49.59% of its industry peers.
  • With a Return On Invested Capital value of 1.14%, IPGP perfoms like the industry average, outperforming 48.78% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for IPGP is below the industry average of 8.89%.
  • The 3 year average ROIC (5.15%) for IPGP is well above the current ROIC(1.14%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 1.08%
ROE 1.22%
ROIC 1.14%
ROA(3y)1.4%
ROA(5y)3.68%
ROE(3y)1.57%
ROE(5y)4.2%
ROIC(3y)5.15%
ROIC(5y)6.41%
IPGP Yearly ROA, ROE, ROICIPGP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 15 20

1.3 Margins

  • With a decent Profit Margin value of 2.66%, IPGP is doing good in the industry, outperforming 62.60% of the companies in the same industry.
  • IPGP has a Operating Margin (3.22%) which is comparable to the rest of the industry.
  • IPGP's Operating Margin has declined in the last couple of years.
  • IPGP has a better Gross Margin (38.68%) than 65.85% of its industry peers.
  • IPGP's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 3.22%
PM (TTM) 2.66%
GM 38.68%
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%
IPGP Yearly Profit, Operating, Gross MarginsIPGP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

9

2. Health

2.1 Basic Checks

  • IPGP has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • Compared to 1 year ago, IPGP has less shares outstanding
  • Compared to 5 years ago, IPGP has less shares outstanding
  • IPGP has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
IPGP Yearly Shares OutstandingIPGP Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M 50M
IPGP Yearly Total Debt VS Total AssetsIPGP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

  • An Altman-Z score of 11.70 indicates that IPGP is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of IPGP (11.70) is better than 90.24% of its industry peers.
  • IPGP has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 11.7
ROIC/WACC0.07
WACC15.81%
IPGP Yearly LT Debt VS Equity VS FCFIPGP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B 2.5B

2.3 Liquidity

  • IPGP has a Current Ratio of 6.72. This indicates that IPGP is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 6.72, IPGP belongs to the top of the industry, outperforming 85.37% of the companies in the same industry.
  • IPGP has a Quick Ratio of 5.20. This indicates that IPGP is financially healthy and has no problem in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 5.20, IPGP belongs to the top of the industry, outperforming 85.37% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 6.72
Quick Ratio 5.2
IPGP Yearly Current Assets VS Current LiabilitesIPGP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The earnings per share for IPGP have decreased strongly by -71.63% in the last year.
  • Measured over the past years, IPGP shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -19.50% on average per year.
  • IPGP shows a decrease in Revenue. In the last year, the revenue decreased by -7.49%.
  • The Revenue has been decreasing by -5.76% on average over the past years.
EPS 1Y (TTM)-71.63%
EPS 3Y-34.65%
EPS 5Y-19.5%
EPS Q2Q%-37.93%
Revenue 1Y (TTM)-7.49%
Revenue growth 3Y-12.55%
Revenue growth 5Y-5.76%
Sales Q2Q%7.57%

3.2 Future

  • The Earnings Per Share is expected to grow by 15.02% on average over the next years. This is quite good.
  • Based on estimates for the next years, IPGP will show a small growth in Revenue. The Revenue will grow by 7.48% on average per year.
EPS Next Y-55.92%
EPS Next 2Y1.07%
EPS Next 3Y15.02%
EPS Next 5YN/A
Revenue Next Year0.68%
Revenue Next 2Y3.78%
Revenue Next 3Y5.43%
Revenue Next 5Y7.48%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • 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.
IPGP Yearly Revenue VS EstimatesIPGP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B
IPGP Yearly EPS VS EstimatesIPGP Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 -2 4 6

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 179.69, the valuation of IPGP can be described as expensive.
  • The rest of the industry has a similar Price/Earnings ratio as IPGP.
  • IPGP is valuated expensively when we compare the Price/Earnings ratio to 27.67, which is the current average of the S&P500 Index.
  • IPGP is valuated quite expensively with a Price/Forward Earnings ratio of 74.52.
  • IPGP's Price/Forward Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.20, IPGP is valued quite expensively.
Industry RankSector Rank
PE 179.69
Fwd PE 74.52
IPGP Price Earnings VS Forward Price EarningsIPGP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150

4.2 Price Multiples

  • IPGP's Enterprise Value to EBITDA is on the same level as the industry average.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as IPGP.
Industry RankSector Rank
P/FCF 127.37
EV/EBITDA 30.08
IPGP Per share dataIPGP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • A more expensive valuation may be justified as IPGP's earnings are expected to grow with 15.02% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y1.07%
EPS Next 3Y15.02%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for IPGP!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

IPG PHOTONICS CORP

NASDAQ:IPGP (2/6/2026, 4:45:50 PM)

After market: 109.61 0 (0%)

109.61

+10.31 (+10.38%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)11-04
Earnings (Next)02-12
Inst Owners71.35%
Inst Owner Change-0.44%
Ins Owners6.4%
Ins Owner Change-4.54%
Market Cap4.62B
Revenue(TTM)963.64M
Net Income(TTM)25.64M
Analysts77.65
Price Target95.37 (-12.99%)
Short Float %12.86%
Short Ratio9.54
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)50.55%
Min EPS beat(2)31.14%
Max EPS beat(2)69.97%
EPS beat(4)2
Avg EPS beat(4)6.78%
Min EPS beat(4)-57.53%
Max EPS beat(4)69.97%
EPS beat(8)4
Avg EPS beat(8)7.36%
EPS beat(12)8
Avg EPS beat(12)8.53%
EPS beat(16)10
Avg EPS beat(16)9.66%
Revenue beat(2)2
Avg Revenue beat(2)4.8%
Min Revenue beat(2)2.53%
Max Revenue beat(2)7.06%
Revenue beat(4)3
Avg Revenue beat(4)2.24%
Min Revenue beat(4)-1.67%
Max Revenue beat(4)7.06%
Revenue beat(8)5
Avg Revenue beat(8)0.8%
Revenue beat(12)7
Avg Revenue beat(12)0.29%
Revenue beat(16)9
Avg Revenue beat(16)0.2%
PT rev (1m)0%
PT rev (3m)12.88%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-14.76%
EPS NY rev (1m)0%
EPS NY rev (3m)-5.97%
Revenue NQ rev (1m)0.73%
Revenue NQ rev (3m)2.63%
Revenue NY rev (1m)0.32%
Revenue NY rev (3m)1.89%
Valuation
Industry RankSector Rank
PE 179.69
Fwd PE 74.52
P/S 4.79
P/FCF 127.37
P/OCF 38.37
P/B 2.19
P/tB 2.33
EV/EBITDA 30.08
EPS(TTM)0.61
EY0.56%
EPS(NY)1.47
Fwd EY1.34%
FCF(TTM)0.86
FCFY0.79%
OCF(TTM)2.86
OCFY2.61%
SpS22.88
BVpS49.97
TBVpS47.03
PEG (NY)N/A
PEG (5Y)N/A
Graham Number26.19
Profitability
Industry RankSector Rank
ROA 1.08%
ROE 1.22%
ROCE 1.43%
ROIC 1.14%
ROICexc 1.91%
ROICexgc 2.11%
OM 3.22%
PM (TTM) 2.66%
GM 38.68%
FCFM 3.76%
ROA(3y)1.4%
ROA(5y)3.68%
ROE(3y)1.57%
ROE(5y)4.2%
ROIC(3y)5.15%
ROIC(5y)6.41%
ROICexc(3y)9.79%
ROICexc(5y)12.83%
ROICexgc(3y)10.36%
ROICexgc(5y)13.71%
ROCE(3y)6.46%
ROCE(5y)8.05%
ROICexgc growth 3Y-63.21%
ROICexgc growth 5Y-43.44%
ROICexc growth 3Y-63.72%
ROICexc growth 5Y-43.33%
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-Score7
Asset Turnover0.4
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 136.44%
Cap/Sales 8.72%
Interest Coverage 97.71
Cash Conversion 129.81%
Profit Quality 141.36%
Current Ratio 6.72
Quick Ratio 5.2
Altman-Z 11.7
F-Score7
WACC15.81%
ROIC/WACC0.07
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)-71.63%
EPS 3Y-34.65%
EPS 5Y-19.5%
EPS Q2Q%-37.93%
EPS Next Y-55.92%
EPS Next 2Y1.07%
EPS Next 3Y15.02%
EPS Next 5YN/A
Revenue 1Y (TTM)-7.49%
Revenue growth 3Y-12.55%
Revenue growth 5Y-5.76%
Sales Q2Q%7.57%
Revenue Next Year0.68%
Revenue Next 2Y3.78%
Revenue Next 3Y5.43%
Revenue Next 5Y7.48%
EBIT growth 1Y3.86%
EBIT growth 3Y-65.51%
EBIT growth 5Y-45.12%
EBIT Next Year169.71%
EBIT Next 3Y43.49%
EBIT Next 5Y28.64%
FCF growth 1Y-69.97%
FCF growth 3Y-17.56%
FCF growth 5Y-4.7%
OCF growth 1Y-48.03%
OCF growth 3Y-14%
OCF growth 5Y-5.18%

IPG PHOTONICS CORP / IPGP FAQ

Can you provide the ChartMill fundamental rating for IPG PHOTONICS CORP?

ChartMill assigns a fundamental rating of 5 / 10 to IPGP.


What is the valuation status of IPG PHOTONICS CORP (IPGP) stock?

ChartMill assigns a valuation rating of 2 / 10 to IPG PHOTONICS CORP (IPGP). This can be considered as Overvalued.


Can you provide the profitability details for IPG PHOTONICS CORP?

IPG PHOTONICS CORP (IPGP) has a profitability rating of 4 / 10.


What is the valuation of IPG PHOTONICS CORP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for IPG PHOTONICS CORP (IPGP) is 179.69 and the Price/Book (PB) ratio is 2.19.


How sustainable is the dividend of IPG PHOTONICS CORP (IPGP) stock?

The dividend rating of IPG PHOTONICS CORP (IPGP) is 0 / 10 and the dividend payout ratio is 0%.