IPG Photonics
Market Cap
US$13.8b
Last Updated
2021/01/19 23:17 UTC
Data Sources
Company Financials +
Executive Summary
IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has IPG Photonics's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IPGP is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: IPGP's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
4.4%
IPGP
0.2%
US Electronic
0.3%
US Market
1 Year Return
78.5%
IPGP
26.8%
US Electronic
21.1%
US Market
Return vs Industry: IPGP exceeded the US Electronic industry which returned 24% over the past year.
Return vs Market: IPGP exceeded the US Market which returned 19.5% over the past year.
Shareholder returns
| IPGP | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.4% | 0.2% | 0.3% |
| 30 Day | 19.3% | 8.4% | 3.3% |
| 90 Day | 34.9% | 26.1% | 14.2% |
| 1 Year | 78.5%78.5% | 29.9%26.8% | 23.8%21.1% |
| 3 Year | -1.8%-1.8% | 42.5%36.5% | 45.0%35.4% |
| 5 Year | 219.6%219.6% | 174.5%157.0% | 127.7%102.3% |
Long-Term Price Volatility Vs. Market
How volatile is IPG Photonics's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Should We Be Excited About The Trends Of Returns At IPG Photonics (NASDAQ:IPGP)?1 month ago | Simply Wall St
IPG Photonics Corporation's (NASDAQ:IPGP) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?1 month ago | Simply Wall St
Here's Why IPG Photonics's (NASDAQ:IPGP) Statutory Earnings Are Arguably Too ConservativeValuation
Is IPG Photonics undervalued compared to its fair value and its price relative to the market?
129.82x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: IPGP ($258.58) is trading above our estimate of fair value ($105.84)
Significantly Below Fair Value: IPGP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: IPGP is poor value based on its PE Ratio (129.8x) compared to the US Electronic industry average (28x).
PE vs Market: IPGP is poor value based on its PE Ratio (129.8x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: IPGP is poor value based on its PEG Ratio (4.2x)
Price to Book Ratio
PB vs Industry: IPGP is overvalued based on its PB Ratio (5.6x) compared to the US Electronic industry average (2.7x).
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Future Growth
How is IPG Photonics forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
30.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IPGP's forecast earnings growth (30.7% per year) is above the savings rate (2%).
Earnings vs Market: IPGP's earnings (30.7% per year) are forecast to grow faster than the US market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: IPGP's revenue (14.5% per year) is forecast to grow faster than the US market (10.3% per year).
High Growth Revenue: IPGP's revenue (14.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IPGP's Return on Equity is forecast to be low in 3 years time (13.4%).
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Past Performance
How has IPG Photonics performed over the past 5 years?
-4.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IPGP has a large one-off loss of $90.0M impacting its September 30 2020 financial results.
Growing Profit Margin: IPGP's current net profit margins (9%) are lower than last year (19.4%).
Past Earnings Growth Analysis
Earnings Trend: IPGP's earnings have declined by 4.6% per year over the past 5 years.
Accelerating Growth: IPGP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IPGP had negative earnings growth (-59.2%) over the past year, making it difficult to compare to the Electronic industry average (-9.3%).
Return on Equity
High ROE: IPGP's Return on Equity (4.3%) is considered low.
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Financial Health
How is IPG Photonics's financial position?
Financial Position Analysis
Short Term Liabilities: IPGP's short term assets ($2.0B) exceed its short term liabilities ($201.4M).
Long Term Liabilities: IPGP's short term assets ($2.0B) exceed its long term liabilities ($122.4M).
Debt to Equity History and Analysis
Debt Level: IPGP's debt to equity ratio (0.7%) is considered satisfactory.
Reducing Debt: IPGP's debt to equity ratio has reduced from 1.7% to 0.7% over the past 5 years.
Debt Coverage: IPGP's debt is well covered by operating cash flow (1783.6%).
Interest Coverage: IPGP earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is IPG Photonics's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IPGP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate IPGP'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 IPGP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IPGP'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 IPGP's dividend in 3 years as they are not forecast to pay a notable one for the US market.
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Management
How experienced are the management team and are they aligned to shareholders interests?
9.0yrs
Average management tenure
CEO
Valentin Gapontsev (81 yo)
31yrs
Tenure
US$1,251,984
Compensation
Dr. Valentin P. Gapontsev, Ph.D. has been the Founder, Chairman and Chief Executive Officer of IPG Photonics Corporation since 1990. Dr. Gapontsev served as a Managing Director of IPG Laser GmbH. In 1994, ...
CEO Compensation Analysis
Compensation vs Market: Valentin's total compensation ($USD1.25M) is below average for companies of similar size in the US market ($USD10.55M).
Compensation vs Earnings: Valentin's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 31yrs | US$1.25m | 0.56% $ 77.2m | |
| Senior VP & CFO | 20.5yrs | US$2.08m | 0.066% $ 9.1m | |
| COO, Senior VP of Europe & Director | 20.33yrs | US$3.88m | 0.036% $ 4.9m | |
| Senior VP | 19.92yrs | US$1.84m | 0.063% $ 8.7m | |
| Senior Vice President of Components | 7.92yrs | US$1.82m | 0.097% $ 13.3m | |
| VP, Corporate Controller | no data | no data | 0.0080% $ 1.1m | |
| Chief Technology Officer | 10yrs | no data | 2.09% $ 288.6m | |
| Vice President of Investor Relations | no data | no data | no data | |
| Senior Vice President of Worldwide Sales & Marketing | 7.92yrs | US$1.88m | 0.015% $ 2.0m | |
| Vice President of Human Resources Worldwide | no data | no data | no data | |
| Principal Scientist and Department Head | no data | no data | no data | |
| Senior Vice President of North America Operations | 7.92yrs | no data | 0.025% $ 3.4m |
9.0yrs
Average Tenure
58yo
Average Age
Experienced Management: IPGP's management team is seasoned and experienced (9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 31yrs | US$1.25m | 0.56% $ 77.2m | |
| COO, Senior VP of Europe & Director | 20.33yrs | US$3.88m | 0.036% $ 4.9m | |
| Independent Director | 20.33yrs | US$293.69k | 0.059% $ 8.2m | |
| Lead Independent Director | 3.58yrs | US$323.69k | 0.0024% $ 334.9k | |
| Independent Director | 2yrs | US$432.04k | 0.0027% $ 376.3k | |
| Independent Director | 4.5yrs | US$321.19k | 0.017% $ 2.4m | |
| Independent Director | 6.58yrs | US$313.69k | 0.017% $ 2.4m | |
| Independent Director | 6.58yrs | US$318.69k | 0.0065% $ 897.2k | |
| Director | no data | no data | no data | |
| Director | no data | no data | 1.86% $ 256.0m |
6.6yrs
Average Tenure
64yo
Average Age
Experienced Board: IPGP's board of directors are considered experienced (6.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IPGP insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
IPG Photonics Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: IPG Photonics Corporation
- Ticker: IPGP
- Exchange: NasdaqGS
- Founded: 1990
- Industry: Electronic Manufacturing Services
- Sector: Tech
- Market Cap: US$13.782b
- Shares outstanding: 53.30m
- Website: https://www.ipgphotonics.com
Number of Employees
Location
- IPG Photonics Corporation
- 50 Old Webster Road
- Oxford
- Massachusetts
- 1540
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IPGP | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Dec 2006 |
| IPF | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Dec 2006 |
| IPGP * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Dec 2006 |
| 0J86 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Dec 2006 |
| I1PG34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 2 REPR 1 COM | BR | BRL | Jan 2020 |
Biography
IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Th...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/19 23:17 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.