II-VI Incorporated develops, manufactures, and markets engineered materials, and optoelectronic components and devices worldwide.
Reasonable growth potential and overvalued.
Share Price & News
How has II-VI's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: II6 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: II6 underperformed the German Electronic industry which returned 0.7% over the past year.
Return vs Market: II6 underperformed the German Market which returned 6.5% over the past year.
Price Volatility Vs. Market
How volatile is II-VI's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is II-VI undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: II6 (€28.2) is trading above our estimate of fair value (€25.93)
Significantly Below Fair Value: II6 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: II6 is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.
PE vs Market: II6 is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate II6's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: II6 is good value based on its PB Ratio (1.3x) compared to the DE Electronic industry average (1.8x).
How is II-VI forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: II6 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (-0.4%).
Earnings vs Market: II6 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: II6's is expected to become profitable in the next 3 years.
Revenue vs Market: II6's revenue (15.5% per year) is forecast to grow faster than the German market (5.1% per year).
High Growth Revenue: II6's revenue (15.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: II6's Return on Equity is forecast to be low in 3 years time (12.2%).
How has II-VI performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: II6 is currently unprofitable.
Growing Profit Margin: II6 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: II6 is unprofitable, and losses have increased over the past 5 years at a rate of -0.8% per year.
Accelerating Growth: Unable to compare II6's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: II6 is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-3.9%).
Return on Equity
High ROE: II6 has a negative Return on Equity (-3.46%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is II-VI's financial position?
Financial Position Analysis
Short Term Liabilities: II6's short term assets ($1.6B) exceed its short term liabilities ($571.6M).
Long Term Liabilities: II6's short term assets ($1.6B) do not cover its long term liabilities ($2.6B).
Debt to Equity History and Analysis
Debt Level: II6's debt to equity ratio (111.2%) is considered high.
Reducing Debt: II6's debt to equity ratio has increased from 28.1% to 111.2% over the past 5 years.
Inventory Level: II6 has a high level of physical assets or inventory.
Debt Coverage by Assets: II6's debt is not covered by short term assets (assets are 0.7x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: II6 has been profitable on average in the past, therefore cash runway is not a concern.
Forecast Cash Runway: II6 has been profitable on average in the past, therefore cash runway is not a concern.
What is II-VI's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate II6's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate II6's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if II6's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if II6's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of II6's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Chuck Mattera (63yo)
Dr. Vincent D. Mattera, Jr., Ph.D. also known as Chuck, serves as Chief Executive Officer of Finisar Corporation. Dr. Mattera has been its Chief Executive Officer since September 1, 2016 and served as the ...
CEO Compensation Analysis
Compensation vs Market: Chuck's total compensation ($USD10.69M) is above average for companies of similar size in the German market ($USD2.69M).
Compensation vs Earnings: Chuck's compensation has increased whilst the company is unprofitable.
|CEO & Director||3.4yrs||US$10.69m||0.47% $12.1m|
|CFO & Treasurer||5.9yrs||US$2.23m||0.065% $1.7m|
|Chief Legal & Compliance Officer and Corporate Secretary||2.9yrs||US$1.51m||0.012% $300.4k|
|President of Compound Semiconductors & Chief Strategy Officer||6.1yrs||US$2.32m||0.081% $2.1m|
|Chief Procurement Officer||0.6yrs||US$2.51m||0.037% $944.2k|
|President||0.6yrs||no data||0.023% $603.9k|
|Chief Technology Officer||0.6yrs||no data||0.011% $295.5k|
|Chief Information Officer||0.4yrs||no data||no data|
|Vice President of Corporate Communications||0yrs||no data||no data|
Experienced Management: II6's management team is considered experienced (2.9 years average tenure).
|CEO & Director||3.4yrs||US$10.69m||0.47% $12.1m|
|Director||0.4yrs||no data||0.10% $2.7m|
|Independent Director||18.1yrs||US$256.75k||0.059% $1.5m|
|Chairman of the Board||6.1yrs||US$287.25k||0.64% $16.5m|
|Independent Director||1.8yrs||US$239.00k||0.00059% $15.2k|
|Independent Director||4yrs||US$250.50k||0.023% $586.9k|
|Lead Independent Director||0yrs||US$270.25k||0.067% $1.7m|
|Independent Director||0.4yrs||no data||0.016% $402.6k|
|Independent Director||8.8yrs||US$264.25k||0.028% $724.6k|
|Independent Director||0.5yrs||no data||no data|
Experienced Board: II6's board of directors are considered experienced (4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.8%.
II-VI Incorporated's company bio, employee growth, exchange listings and data sources
- Name: II-VI Incorporated
- Ticker: II6
- Exchange: DB
- Founded: 1971
- Industry: Electronic Components
- Sector: Tech
- Market Cap: US$2.800b
- Listing Market Cap: US$2.574b
- Shares outstanding: 91.06m
- Website: https://www.ii-vi.com
Number of Employees
- II-VI Incorporated
- 375 Saxonburg Boulevard
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IIVI||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Oct 1987|
|II6||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Oct 1987|
|0LHO||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Oct 1987|
II-VI Incorporated develops, manufactures, and markets engineered materials, and optoelectronic components and devices worldwide. The company operates through three segments: II-VI Laser Solutions, II-VI Photonics, and II-VI Performance Products. The II-VI Laser Solutions segment offers optical and electro-optical components and materials used in high-power CO2 lasers; fiber-delivered beam delivery systems, and processing tools and direct diode lasers for industrial lasers; and compound semiconductor epitaxial and gallium arsenide wafers. The II-VI Photonics segment provides crystal materials, optics, microchip lasers, and optoelectronic modules for use in optical communication networks and other consumer, life sciences, and commercial applications. It also offers pump lasers, optical isolators, and optical amplifiers and micro-optics for optical amplifiers for terrestrial and submarine applications; and direct-diode laser modules, subsystems, and systems, as well as super-hard materials processing laser systems. The II-VI Performance Products segment provides infrared optical components and optical assemblies for aerospace and defense, medical, and commercial laser imaging applications; and silicon carbide engineered materials for thermoelectric devices and subsystems for silicon carbide applications. The company serves OEMs, laser end-users, system integrators of high-power lasers, manufacturers of equipment and devices for the industrial, optical communications, aerospace and defense, semiconductor, medical and life science markets, consumers, the U.S. government prime contractors, various U.S. government agencies, and thermoelectric integrators. II-VI Incorporated has a strategic partnership agreement with LITE-ON Technology Corporation to partner in the volume manufacturing and commercialization of packaged semiconductor lasers for mass-market light detection and ranging. The company was founded in 1971 and is headquartered in Saxonburg, Pennsylvania.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 22:28|
|End of Day Share Price||2020/02/26 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.