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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.75
IIVI's Cash to Debt is ranked lower than
60% of the 2488 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 4.04 vs. IIVI: 0.75 )
IIVI' s 10-Year Cash to Debt Range
Min: 0.11   Max: 36.09
Current: 0.75

0.11
36.09
Equity to Asset 0.60
IIVI's Equity to Asset is ranked higher than
63% of the 2478 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.58 vs. IIVI: 0.60 )
IIVI' s 10-Year Equity to Asset Range
Min: 0.56   Max: 0.88
Current: 0.6

0.56
0.88
Interest Coverage 55.78
IIVI's Interest Coverage is ranked higher than
57% of the 1547 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 76.29 vs. IIVI: 55.78 )
IIVI' s 10-Year Interest Coverage Range
Min: 7.84   Max: 9999.99
Current: 55.78

7.84
9999.99
F-Score: 4
Z-Score: 2.98
M-Score: -2.60
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 11.59
IIVI's Operating margin (%) is ranked higher than
88% of the 2464 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.42 vs. IIVI: 11.59 )
IIVI' s 10-Year Operating margin (%) Range
Min: 10   Max: 19.64
Current: 11.59

10
19.64
Net-margin (%) 9.10
IIVI's Net-margin (%) is ranked higher than
86% of the 2465 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.74 vs. IIVI: 9.10 )
IIVI' s 10-Year Net-margin (%) Range
Min: 4.64   Max: 20.33
Current: 9.1

4.64
20.33
ROE (%) 7.99
IIVI's ROE (%) is ranked higher than
73% of the 2428 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 5.17 vs. IIVI: 7.99 )
IIVI' s 10-Year ROE (%) Range
Min: 6.33   Max: 22.15
Current: 7.99

6.33
22.15
ROA (%) 5.88
IIVI's ROA (%) is ranked higher than
80% of the 2466 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.74 vs. IIVI: 5.88 )
IIVI' s 10-Year ROA (%) Range
Min: 4.31   Max: 17.81
Current: 5.88

4.31
17.81
ROC (Joel Greenblatt) (%) 18.38
IIVI's ROC (Joel Greenblatt) (%) is ranked higher than
77% of the 2460 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 10.23 vs. IIVI: 18.38 )
IIVI' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 12.36   Max: 33.26
Current: 18.38

12.36
33.26
Revenue Growth (%) 15.90
IIVI's Revenue Growth (%) is ranked higher than
87% of the 1668 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.30 vs. IIVI: 15.90 )
IIVI' s 10-Year Revenue Growth (%) Range
Min: -7.2   Max: 49.4
Current: 15.9

-7.2
49.4
EBITDA Growth (%) 15.50
IIVI's EBITDA Growth (%) is ranked higher than
80% of the 1276 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 5.20 vs. IIVI: 15.50 )
IIVI' s 10-Year EBITDA Growth (%) Range
Min: -6.7   Max: 39.1
Current: 15.5

-6.7
39.1
EPS Growth (%) 8.30
IIVI's EPS Growth (%) is ranked higher than
71% of the 1124 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 5.90 vs. IIVI: 8.30 )
IIVI' s 10-Year EPS Growth (%) Range
Min: -17.8   Max: 53.4
Current: 8.3

-17.8
53.4
» IIVI's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

IIVI Guru Trades in Q1 2013

Paul Tudor Jones 22,400 sh (New)
Joel Greenblatt Sold Out
Columbia Wanger 7,114,450 sh (-0.89%)
Jim Simons 24,610 sh (-67.92%)
» More
Q2 2013

IIVI Guru Trades in Q2 2013

Chuck Royce 132,500 sh (New)
Arnold Van Den Berg 63,895 sh (New)
Joel Greenblatt 49,665 sh (New)
Columbia Wanger 7,114,450 sh (unchged)
Paul Tudor Jones Sold Out
Jim Simons Sold Out
» More
Q3 2013

IIVI Guru Trades in Q3 2013

Jim Simons 117,110 sh (New)
Steven Cohen 21,152 sh (New)
Joel Greenblatt 133,902 sh (+169.61%)
Chuck Royce 149,624 sh (+12.92%)
Columbia Wanger 7,114,450 sh (unchged)
Arnold Van Den Berg 44,555 sh (-30.27%)
» More
Q4 2013

IIVI Guru Trades in Q4 2013

James Barrow 4,981,085 sh (New)
Paul Tudor Jones 54,141 sh (New)
Chuck Royce 473,500 sh (+216.46%)
Steven Cohen 23,865 sh (+12.83%)
Arnold Van Den Berg Sold Out
Joel Greenblatt Sold Out
Jim Simons 110,410 sh (-5.72%)
Columbia Wanger 5,557,000 sh (-21.89%)
» More
» Details

Insider Trades

Latest Guru Trades with IIVI

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
James Barrow 2013-12-31 New Buy0.13%$15.25 - $19 $ 14.69-14%4981085
Joel Greenblatt 2013-12-31 Sold Out 0.08%$15.25 - $19 $ 14.69-14%0
Arnold Van Den Berg 2013-12-31 Sold Out 0.08%$15.25 - $19 $ 14.69-14%0
Joel Greenblatt 2013-09-30 Add 169.61%0.05%$16.51 - $20.76 $ 14.69-21%133902
Arnold Van Den Berg 2013-09-30 Reduce -30.27%0.03%$16.51 - $20.76 $ 14.69-21%44555
Arnold Van Den Berg 2013-06-30 New Buy0.11%$14.81 - $17.54 $ 14.69-10%63895
Joel Greenblatt 2013-06-30 New Buy0.03%$14.81 - $17.54 $ 14.69-10%49665
Joel Greenblatt 2013-03-31 Sold Out 0.05%$16.58 - $19.67 $ 14.69-17%0
Joel Greenblatt 2012-12-31 New Buy0.05%$15.85 - $19.87 $ 14.69-15%49094
Ruane Cunniff 2012-03-31 Sold Out 0.14%$18.28 - $24.47 $ 14.69-31%0
Ruane Cunniff 2011-12-31 Add 26.07%0.03%$16.43 - $21.14 $ 14.69-22%874644
Ruane Cunniff 2011-09-30 New Buy0.12%$17.1 - $27.89 $ 14.69-32%693785
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Top Ranked Articles about II-VI, Inc.

Van Den Berg Reduces WIRE, IIVI
Century Management’s Arnold Van Den Berg heads a portfolio of 64 stocks, seven of them new, and a total value of $1.01 billion, and a quarter over quarter turnover of 5%. The portfolio is currently weighted with top three sectors: technology at 33.3%, financial services at 16.3% and basic materials at 12.8%. Guru Van Den Berg has averaged a return of 12.19% over 12 months. Read more...
Arnold Van Den Berg Buys 3 New Stocks
Arnold Van Den Berg is the founder of Austin-based Century Management. He and his team seek companies that are trading at discounts to their intrinsic value either because they are lesser known, have a short-term problem or are temporarily out of favor. Founded in 1974, Van Den Berg’s assets under management have grown to $2 billion as of March 2013. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 21.70
IIVI's P/E(ttm) is ranked higher than
55% of the 1771 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 19.30 vs. IIVI: 21.70 )
IIVI' s 10-Year P/E(ttm) Range
Min: 7.82   Max: 73.05
Current: 21.7

7.82
73.05
P/B 1.30
IIVI's P/B is ranked higher than
62% of the 2370 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.48 vs. IIVI: 1.30 )
IIVI' s 10-Year P/B Range
Min: 1.3   Max: 5.22
Current: 1.3

1.3
5.22
P/S 1.50
IIVI's P/S is ranked lower than
61% of the 2534 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.91 vs. IIVI: 1.50 )
IIVI' s 10-Year P/S Range
Min: 1.4   Max: 4.47
Current: 1.5

1.4
4.47
PFCF 12.40
IIVI's PFCF is ranked higher than
70% of the 1305 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 16.38 vs. IIVI: 12.40 )
IIVI' s 10-Year PFCF Range
Min: 11.7   Max: 961
Current: 12.4

11.7
961
EV-to-EBIT 18.20
IIVI's EV-to-EBIT is ranked higher than
55% of the 1925 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 15.73 vs. IIVI: 18.20 )
IIVI' s 10-Year EV-to-EBIT Range
Min: 6.7   Max: 28.7
Current: 18.2

6.7
28.7
PEG 1.30
IIVI's PEG is ranked higher than
60% of the 796 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.26 vs. IIVI: 1.30 )
IIVI' s 10-Year PEG Range
Min: 0.26   Max: 3.87
Current: 1.3

0.26
3.87
Shiller P/E 16.90
IIVI's Shiller P/E is ranked higher than
77% of the 794 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 25.60 vs. IIVI: 16.90 )
IIVI' s 10-Year Shiller P/E Range
Min: 14.8   Max: 62.22
Current: 16.9

14.8
62.22

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.80
IIVI's Price/Tangible Book is ranked lower than
63% of the 2297 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.60 vs. IIVI: 2.80 )
IIVI' s 10-Year Price/Tangible Book Range
Min: 0.47   Max: 6.56
Current: 2.8

0.47
6.56
Price/DCF (Projected) 0.70
IIVI's Price/DCF (Projected) is ranked higher than
84% of the 947 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.30 vs. IIVI: 0.70 )
IIVI' s 10-Year Price/DCF (Projected) Range
Min: 0.85   Max: 430.8
Current: 0.7

0.85
430.8
Price/Median PS Value 0.50
IIVI's Price/Median PS Value is ranked higher than
97% of the 2361 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.10 vs. IIVI: 0.50 )
IIVI' s 10-Year Price/Median PS Value Range
Min: 0.17   Max: 1.55
Current: 0.5

0.17
1.55
Price/Peter Lynch Fair Value 1.40
IIVI's Price/Peter Lynch Fair Value is ranked lower than
52% of the 383 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.10 vs. IIVI: 1.40 )
IIVI' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.42   Max: 4.51
Current: 1.4

0.42
4.51
Price/Graham Number 1.60
IIVI's Price/Graham Number is ranked lower than
54% of the 1701 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.20 vs. IIVI: 1.60 )
IIVI' s 10-Year Price/Graham Number Range
Min: 0.67   Max: 3.85
Current: 1.6

0.67
3.85
Earnings Yield (Greenblatt) 5.50
IIVI's Earnings Yield (Greenblatt) is ranked higher than
59% of the 2081 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 6.10 vs. IIVI: 5.50 )
IIVI' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.5   Max: 15
Current: 5.5

3.5
15
Forward Rate of Return (Yacktman) 20.15
IIVI's Forward Rate of Return (Yacktman) is ranked higher than
88% of the 1318 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.15 vs. IIVI: 20.15 )
IIVI' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 10.1   Max: 32.7
Current: 20.15

10.1
32.7

Business Description

Industry: Computer Hardware » Scientific & Technical Instruments
Compare:A, ROP, GRMN, HXGBY, TRMB » details
Traded in other countries:II6.Germany
II-VI Incorporated was incorporated in Pennsylvania in 1971. The Company develops, manufactures and markets high-technology materials and derivative precision components and products for precision use in industrial, military, optical communication, photovoltaic, medical and aerospace applications. The Company consists of four reportable segments: Infrared Optics; Near-Infrared Optics; Military & Materials; and Advanced Products Group (formerly Compound Semiconductor Group). The Company develops, manufactures, refines and markets infrared and near-infrared laser optical elements, military infrared optical components and assemblies, optical communications components and modules, selenium, tellurium and rare earth metals and chemicals, thermoelectric cooling and power generation systems and single crystal silicon carbide substrates. Its products are supplied to manufacturers and users in a wide variety of markets including industrial, military, optical communications, photovoltaic and medical and are deployed in applications that it believe reduce the cost and improve the performance of laser cutting, welding and marking operations; reduce the cost and improve the reliability of military-related products; reduce the cost and improve the operations of optical communication products; reduce the cost and improve the operations of photovoltaic products; reduce the cost and improve the reliability of medical procedures; and reduce the cost and improve the performance of cooling and power generation solutions. Its U.S. production operations are located in Pennsylvania, Florida, California, New Jersey, Texas, Mississippi and Massachusetts, and its non-U.S. production operations are based in China, Singapore, Vietnam, the Philippines, Germany and Australia. Competitors producing infrared laser optics include Sumitomo Electric Industries, Ltd. and Newport Corporation. Competing producers of automated equipment and laser material processing tools to deliver high power one-micron laser systems include Optoskand AB and Precitec, Inc. competing producers of YAG materials and optics include Northrop Grumman Corporation and CVI Melles Griot. Competing producers of optical component and optics products include O-Net Communications, OPLINK Communication and Axsun. Competing producers of infrared optics for military applications include DRS Technologies, Inc., Goodrich Corporation and in-house fabrication and thin film coating capabilities of major military customers. Competing producers of selenium and tellurium metals and other chemicals include Umicore and Vital Chemical. Competing producers of TEMs include Komatsu, Ltd., Laird Technologies and Ferrotec Corporation. Competing producers of single crystal SiC substrates include Cree, Inc., Dow Corning Corporation, Nippon Steel, Bridgestone and SiCrystal AG. As a global company, it is subject to taxation in the United States and various other countries and jurisdictions.

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