II-VI Incorporated develops, manufactures, and markets engineered materials, and optoelectronic components and devices worldwide. More Details
Undervalued with reasonable growth potential.
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: IIVI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: IIVI's weekly volatility (8%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: IIVI matched the US Electronic industry which returned 71.7% over the past year.
Return vs Market: IIVI exceeded the US Market which returned 52.8% over the past year.
Long-Term 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
1 month ago | Simply Wall StIs II-VI (NASDAQ:IIVI) A Risky Investment?
2 months ago | Simply Wall StAre II-VI's (NASDAQ:IIVI) Statutory Earnings A Good Guide To Its Underlying Profitability?
3 months ago | Simply Wall StHere's What We Think About II-VI's (NASDAQ:IIVI) CEO Pay
Is II-VI undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IIVI ($59.91) is trading below our estimate of fair value ($124.58)
Significantly Below Fair Value: IIVI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IIVI is good value based on its PE Ratio (21x) compared to the US Electronic industry average (24.8x).
PE vs Market: IIVI is poor value based on its PE Ratio (21x) compared to the US market (20.4x).
Price to Earnings Growth Ratio
PEG Ratio: IIVI is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: IIVI is good value based on its PB Ratio (1.9x) compared to the US Electronic industry average (2.8x).
How is II-VI forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IIVI's forecast earnings growth (31% per year) is above the savings rate (2%).
Earnings vs Market: IIVI's earnings (31% per year) are forecast to grow faster than the US market (15.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: IIVI's revenue (10.5% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: IIVI's revenue (10.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IIVI's Return on Equity is forecast to be low in 3 years time (15.1%).
How has II-VI performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IIVI has a large one-off loss of $141.0M impacting its March 31 2021 financial results.
Growing Profit Margin: IIVI became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: IIVI's earnings have declined by 1% per year over the past 5 years.
Accelerating Growth: IIVI has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: IIVI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (8.3%).
Return on Equity
High ROE: IIVI's Return on Equity (8%) is considered low.
How is II-VI's financial position?
Financial Position Analysis
Short Term Liabilities: IIVI's short term assets ($2.9B) exceed its short term liabilities ($678.8M).
Long Term Liabilities: IIVI's short term assets ($2.9B) exceed its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: IIVI's debt to equity ratio (41.7%) is considered high.
Reducing Debt: IIVI's debt to equity ratio has increased from 33.7% to 41.7% over the past 5 years.
Debt Coverage: IIVI's debt is well covered by operating cash flow (45%).
Interest Coverage: IIVI's interest payments on its debt are well covered by EBIT (7.1x coverage).
What is II-VI current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IIVI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate IIVI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if IIVI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IIVI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of IIVI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Chuck Mattera (64 yo)
Dr. Vincent D. Mattera, Jr., Ph.D. also known as Chuck, serves as Chief Executive Officer of Finisar Corporation. Dr. Mattera has been its Chief Executive Officer since September 1, 2016 and served as the ...
CEO Compensation Analysis
Compensation vs Market: Chuck's total compensation ($USD10.51M) is above average for companies of similar size in the US market ($USD6.47M).
Compensation vs Earnings: Chuck's compensation has been consistent with company performance over the past year.
Experienced Management: IIVI's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: IIVI's board of directors are considered experienced (4.1 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 15.1%.
II-VI Incorporated's company bio, employee growth, exchange listings and data sources
- Name: II-VI Incorporated
- Ticker: IIVI
- Exchange: NasdaqGS
- Founded: 1971
- Industry: Electronic Components
- Sector: Tech
- Market Cap: US$6.771b
- Shares outstanding: 104.83m
- Website: https://www.ii-vi.com
Number of Employees
- II-VI Incorporated
- 375 Saxonburg Boulevard
- United States
II-VI Incorporated develops, manufactures, and markets engineered materials, and optoelectronic components and devices worldwide. The company operates through two segments, Compound Semiconductors and Phot...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/06 22:22|
|End of Day Share Price||2021/05/06 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.