78.51 USD
+0.9 (+1.16%)
78.51 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to IPGP. IPGP was compared to 123 industry peers in the Electronic Equipment, Instruments & Components industry. While IPGP has a great health rating, its profitability is only average at the moment. IPGP does not seem to be growing, but still is valued expensively.
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.
Each year in the past 5 years IPGP had a positive operating cash flow.
1.2 Ratios
IPGP has a Return On Assets (1.08%) which is comparable to the rest of the industry.
IPGP has a Return On Equity of 1.22%. This is comparable to the rest of the industry: IPGP outperforms 47.97% of its industry peers.
The Return On Invested Capital of IPGP (1.14%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for IPGP is below the industry average of 9.11%.
The last Return On Invested Capital (1.14%) for IPGP is well below the 3 year average (5.15%), which needs to be investigated, but indicates that IPGP had better years and this may not be a problem.
| Industry Rank | Sector 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%
1.3 Margins
Looking at the Profit Margin, with a value of 2.66%, IPGP is in line with its industry, outperforming 58.54% of the companies in the same industry.
IPGP's Operating Margin of 3.22% is in line compared to the rest of the industry. IPGP outperforms 56.91% of its industry peers.
In the last couple of years the Operating Margin of IPGP has declined.
With a decent Gross Margin value of 38.68%, IPGP is doing good in the industry, outperforming 65.04% of the companies in the same industry.
IPGP's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector 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%
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.
IPGP has less shares outstanding than it did 1 year ago.
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.
2.2 Solvency
An Altman-Z score of 9.81 indicates that IPGP is not in any danger for bankruptcy at the moment.
IPGP has a better Altman-Z score (9.81) than 88.62% 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 | 9.81 |
ROIC/WACC0.12
WACC9.19%
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.
With an excellent Current ratio value of 6.72, IPGP belongs to the best of the industry, outperforming 86.99% 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.
IPGP has a better Quick ratio (5.20) than 85.37% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 6.72 | ||
| Quick Ratio | 5.2 |
3. Growth
3.1 Past
The earnings per share for IPGP have decreased strongly by -71.63% 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 decrease in Revenue. In the last year, the revenue decreased by -7.49%.
IPGP shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -5.76% yearly.
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
Based on estimates for the next years, IPGP will show a quite strong growth in Earnings Per Share. The EPS will grow by 17.39% on average per year.
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-53.13%
EPS Next 2Y3.74%
EPS Next 3Y17.39%
EPS Next 5YN/A
Revenue Next Year-1.19%
Revenue Next 2Y3.05%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 128.70, IPGP can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as IPGP.
IPGP's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.15.
With a Price/Forward Earnings ratio of 50.66, IPGP can be considered very expensive at the moment.
The rest of the industry has a similar Price/Forward Earnings ratio as IPGP.
The average S&P500 Price/Forward Earnings ratio is at 36.12. IPGP is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 128.7 | ||
| Fwd PE | 50.66 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as IPGP.
IPGP's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 91.45 | ||
| EV/EBITDA | 20.71 |
4.3 Compensation for Growth
A more expensive valuation may be justified as IPGP's earnings are expected to grow with 17.39% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y3.74%
EPS Next 3Y17.39%
5. Dividend
5.1 Amount
IPGP does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
78.51
+0.9 (+1.16%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners70.07%
Inst Owner Change-0.55%
Ins Owners6.4%
Ins Owner Change-2.36%
Market Cap3.31B
Revenue(TTM)963.64M
Net Income(TTM)25.64M
Analysts72.94
Price Target95.37 (21.47%)
Short Float %8.88%
Short Ratio9.12
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)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)16.58%
PT rev (3m)16.58%
EPS NQ rev (1m)-14.76%
EPS NQ rev (3m)-15.77%
EPS NY rev (1m)0%
EPS NY rev (3m)-2.6%
Revenue NQ rev (1m)1.88%
Revenue NQ rev (3m)1.75%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.5%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 128.7 | ||
| Fwd PE | 50.66 | ||
| P/S | 3.44 | ||
| P/FCF | 91.45 | ||
| P/OCF | 27.55 | ||
| P/B | 1.57 | ||
| P/tB | 1.67 | ||
| EV/EBITDA | 20.71 |
EPS(TTM)0.61
EY0.78%
EPS(NY)1.55
Fwd EY1.97%
FCF(TTM)0.86
FCFY1.09%
OCF(TTM)2.85
OCFY3.63%
SpS22.82
BVpS49.85
TBVpS46.92
PEG (NY)N/A
PEG (5Y)N/A
Graham Number26.16
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 9.81 |
F-Score7
WACC9.19%
ROIC/WACC0.12
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-53.13%
EPS Next 2Y3.74%
EPS Next 3Y17.39%
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 Year-1.19%
Revenue Next 2Y3.05%
Revenue Next 3Y3.83%
Revenue Next 5Y7.17%
EBIT growth 1Y3.86%
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-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.
Can you provide the valuation status for IPG PHOTONICS CORP?
ChartMill assigns a valuation rating of 2 / 10 to IPG PHOTONICS CORP (IPGP). This can be considered as Overvalued.
What is the profitability of IPGP stock?
IPG PHOTONICS CORP (IPGP) has a profitability rating of 4 / 10.
What are the PE and PB ratios of IPG PHOTONICS CORP (IPGP) stock?
The Price/Earnings (PE) ratio for IPG PHOTONICS CORP (IPGP) is 128.7 and the Price/Book (PB) ratio is 1.57.
Can you provide the financial health for IPGP stock?
The financial health rating of IPG PHOTONICS CORP (IPGP) is 9 / 10.