IPG PHOTONICS CORP (IPGP) Stock Fundamental Analysis
USA - NASDAQ:IPGP - US44980X1090 - Common Stock
85.42 USD
-2.64 (-3%)
85.42 USD
0 (0%)
IPGP gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 123 industry peers in the Electronic Equipment, Instruments & Components industry. No worries on liquidiy or solvency for IPGP as it has an excellent financial health rating, but there are worries on the profitability. IPGP has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year IPGP was profitable.
In the past year IPGP had a positive cash flow from operations.
Of the past 5 years IPGP 4 years were profitable.
IPGP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
IPGP has a worse Return On Assets (-9.05%) than 63.41% of its industry peers.
Looking at the Return On Equity, with a value of -10.24%, IPGP is doing worse than 61.79% of the companies in the same industry.
| 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 56.10% of the companies in the same industry.
IPGP's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for IPGP so they could not be analyzed.
| 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.
The number of shares outstanding for IPGP has been reduced compared to 1 year ago.
The number of shares outstanding for IPGP has been reduced compared to 5 years ago.
IPGP has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 10.44 indicates that IPGP is not in any danger for bankruptcy at the moment.
IPGP has a better Altman-Z score (10.44) than 87.80% 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 10.44 |
ROIC/WACCN/A
WACC9.1%
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.
IPGP's Current ratio of 6.79 is amongst the best of the industry. IPGP outperforms 89.43% of its industry peers.
A Quick Ratio of 5.39 indicates that IPGP has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 5.39, IPGP belongs to the top of the industry, outperforming 86.99% of the companies in the same industry.
| 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.
The earnings per share for IPGP have been decreasing by -19.50% on average. This is quite bad
IPGP shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -14.77%.
Measured over the past years, IPGP shows a decrease in Revenue. The Revenue has been decreasing by -5.76% on average per year.
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
IPGP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 17.39% yearly.
IPGP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.17% yearly.
EPS Next Y-51.79%
EPS Next 2Y4.34%
EPS Next 3Y17.39%
EPS Next 5YN/A
Revenue Next Year-1.15%
Revenue Next 2Y2.95%
Revenue Next 3Y3.83%
Revenue Next 5Y7.17%
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 118.64, the valuation of IPGP can be described as expensive.
IPGP's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 27.57. IPGP is valued rather expensively when compared to this.
The Price/Forward Earnings ratio is 54.49, which means the current valuation is very expensive for IPGP.
Compared to the rest of the industry, the Price/Forward Earnings ratio of IPGP is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of IPGP to the average of the S&P500 Index (23.09), we can say IPGP is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 118.64 | ||
| Fwd PE | 54.49 |
4.2 Price Multiples
IPGP's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of IPGP is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 55.79 | ||
| EV/EBITDA | 39.82 |
4.3 Compensation for Growth
IPGP's earnings are expected to grow with 17.39% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y4.34%
EPS Next 3Y17.39%
5. Dividend
5.1 Amount
No dividends for IPGP!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
85.42
-2.64 (-3%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners70.07%
Inst Owner Change0.05%
Ins Owners6.4%
Ins Owner Change-1.3%
Market Cap3.61B
Revenue(TTM)945.99M
Net Income(TTM)-215416000
Analysts72.5
Price Target81.8 (-4.24%)
Short Float %9.64%
Short Ratio9.85
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)0%
PT rev (3m)20.78%
EPS NQ rev (1m)-4.1%
EPS NQ rev (3m)-25.24%
EPS NY rev (1m)0.17%
EPS NY rev (3m)-27.88%
Revenue NQ rev (1m)-0.16%
Revenue NQ rev (3m)0.66%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.46%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 118.64 | ||
| Fwd PE | 54.49 | ||
| P/S | 3.81 | ||
| P/FCF | 55.79 | ||
| P/OCF | 23.87 | ||
| P/B | 1.71 | ||
| P/tB | 1.82 | ||
| EV/EBITDA | 39.82 |
EPS(TTM)0.72
EY0.84%
EPS(NY)1.57
Fwd EY1.84%
FCF(TTM)1.53
FCFY1.79%
OCF(TTM)3.58
OCFY4.19%
SpS22.41
BVpS49.85
TBVpS46.85
PEG (NY)N/A
PEG (5Y)N/A
Graham Number28.42
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%
ROICexgc growth 3YN/A
ROICexgc 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 | 10.44 |
F-Score4
WACC9.1%
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-51.79%
EPS Next 2Y4.34%
EPS Next 3Y17.39%
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-1.15%
Revenue Next 2Y2.95%
Revenue Next 3Y3.83%
Revenue Next 5Y7.17%
EBIT growth 1Y-105.93%
EBIT growth 3Y-65.51%
EBIT growth 5Y-45.12%
EBIT Next Year158.96%
EBIT Next 3Y43.07%
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%