IPG Photonics Corporation

DB:IPF Stock Report

Market Cap: €3.9b

IPG Photonics Valuation

Is IPF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of IPF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: IPF (€91.8) is trading above our estimate of future cash flow value (€53.85)

Significantly Below Future Cash Flow Value: IPF is trading above our estimate of future cash flow value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IPF?

Key metric: As IPF is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for IPF. This is calculated by dividing IPF's market cap by their current revenue.
What is IPF's PS Ratio?
PS Ratio4.9x
SalesUS$963.64m
Market CapUS$4.69b

Price to Sales Ratio vs Peers

How does IPF's PS Ratio compare to its peers?

The above table shows the PS ratio for IPF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.7x
DAM DATA MODUL Produktion und Vertrieb von elektronischen Systemen
0.5x6.45%€102.3m
JEN Jenoptik
1.4x5.29%€1.5b
ADV Adtran Networks
2.6xn/a€1.2b
BSL Basler
2.2x9.69%€482.1m
IPF IPG Photonics
4.9x8.08%€4.7b

Price-To-Sales vs Peers: IPF is expensive based on its Price-To-Sales Ratio (4.9x) compared to the peer average (1.7x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does IPF's PS Ratio compare vs other companies in the DE Electronic Industry?

5 CompaniesPrice / SalesEstimated GrowthMarket Cap
SCE Schweizer Electronic
0.1x4.03%US$24.00m
IS7 InTiCa Systems
0.1x6.01%US$10.92m
MBQ Mobotix
0.1x5.80%US$10.53m
UDC UniDevice
0.004x4.58%US$1.94m
IPF 4.9xIndustry Avg. 1.2xNo. of Companies5PS012345+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: IPF is expensive based on its Price-To-Sales Ratio (4.9x) compared to the European Electronic industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is IPF's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IPF PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.9x
Fair PS Ratio1x

Price-To-Sales vs Fair Ratio: IPF is expensive based on its Price-To-Sales Ratio (4.9x) compared to the estimated Fair Price-To-Sales Ratio (1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst IPF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€91.80
€81.99
-10.68%
10.72%€93.06€65.57n/a6
Feb ’27€78.20
€82.52
+5.52%
9.85%€90.17€66.56n/a6
Jan ’27€61.12
€80.88
+32.33%
14.61%€90.34€55.93n/a6
Dec ’26€67.46
€80.88
+19.89%
14.61%€90.34€55.93n/a6
Nov ’26€72.10
€70.71
-1.92%
15.00%€82.81€55.49n/a6
Oct ’26€67.78
€68.83
+1.55%
14.95%€83.25€55.78n/a5
Sep ’26€68.88
€68.83
-0.076%
14.95%€83.25€55.78n/a5
Aug ’26€64.58
€58.86
-8.86%
10.15%€64.92€47.61n/a5
Jul ’26€57.38
€56.32
-1.85%
11.45%€63.62€46.65n/a5
Jun ’26€57.30
€58.49
+2.07%
11.45%€66.06€48.44n/a5
May ’26€50.96
€60.54
+18.80%
14.27%€70.02€45.52n/a6
Apr ’26€57.46
€68.51
+19.24%
14.11%€82.22€54.81n/a6
Mar ’26€55.02
€71.36
+29.70%
15.48%€85.86€57.24n/a5
Feb ’26€70.52
€80.06
+13.53%
22.39%€95.31€47.66€78.205
Jan ’26€69.48
€81.22
+16.90%
21.74%€95.11€47.56€61.125
Dec ’25€72.52
€79.34
+9.41%
19.77%€92.08€46.04€67.466
Nov ’25€73.84
€79.34
+7.45%
19.77%€92.08€46.04€72.106
Oct ’25€65.92
€76.50
+16.04%
20.11%€90.35€45.18€67.786
Sep ’25€61.98
€80.78
+30.33%
20.61%€92.67€46.34€68.886
Aug ’25€73.98
€80.78
+9.19%
20.61%€92.67€46.34€64.586
Jul ’25€77.94
€93.94
+20.53%
17.24%€118.28€63.33€57.388
Jun ’25€77.66
€96.82
+24.67%
20.17%€121.19€63.39€57.307
May ’25€82.04
€98.90
+20.55%
17.47%€121.59€69.21€50.968
Apr ’25€84.44
€102.68
+21.60%
17.73%€121.35€68.71€57.468
Mar ’25€80.00
€102.68
+28.35%
17.73%€121.35€68.71€55.028
Feb ’25€90.22
€114.71
+27.15%
17.20%€156.84€83.96€70.528
€79.91
Fair Value
14.9% overvalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/10 08:41
End of Day Share Price 2026/02/09 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

IPG Photonics Corporation is covered by 26 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher MuseBarclays
Mark MillerBenchmark Company
Andrew DeGasperiBerenberg