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55.95 (1y: +31%)
Market Cap 2.94 B P/E(ttm) 19.60
Enterprise Value 2.59 B P/B 3.80
IPGP- NAS (USA)
IPG Photonics Corporation
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$55.95
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GuruFocus Financial Strength Rank measures how strong a companyย’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 : 8/10

vs
industry		 vs
history
Cash to Debt 21.383
IPGP's Cash to Debt is ranked higher than
56% of the 714 Companies
in the Global Semiconductors industry.

( Industry Median: 7.36 vs. IPGP: 21.383 )
IPGP' s 10-Year Cash to Debt Range
Min: 0.05   Max: No Debt
Current: 21.38
Equity to Asset 0.818
IPGP's Equity to Asset is ranked higher than
82% of the 701 Companies
in the Global Semiconductors industry.

( Industry Median: 0.60 vs. IPGP: 0.818 )
IPGP' s 10-Year Equity to Asset Range
Min: -0.44   Max: 0.82
Current: 0.82
-0.44
0.82
F-Score: 5
Z-Score: 18.1
M-Score: -2.42
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’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.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

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 : 8/10

vs
industry		 vs
history
Operating margin (%) 37.10
IPGP's Operating margin (%) is ranked higher than
97% of the 434 Companies
in the Global Semiconductors industry.

( Industry Median: 8.90 vs. IPGP: 37.10 )
IPGP' s 10-Year Operating margin (%) Range
Min: -238.9   Max: 37.1
Current: 37.1
-238.9
37.1
Net-margin (%) 25.8
IPGP's Net-margin (%) is ranked higher than
93% of the 418 Companies
in the Global Semiconductors industry.

( Industry Median: 7.50 vs. IPGP: 25.8 )
IPGP' s 10-Year Net-margin (%) Range
Min: -222.7   Max: 25.8
Current: 25.8
-222.7
25.8
ROE (%) 19.5
IPGP's ROE (%) is ranked higher than
89% of the 414 Companies
in the Global Semiconductors industry.

( Industry Median: 8.50 vs. IPGP: 19.5 )
IPGP' s 10-Year ROE (%) Range
Min: -410.4   Max: 26.6
Current: 19.5
-410.4
26.6
ROA (%) 16.2
IPGP's ROA (%) is ranked higher than
93% of the 413 Companies
in the Global Semiconductors industry.

( Industry Median: 5.70 vs. IPGP: 16.2 )
IPGP' s 10-Year ROA (%) Range
Min: -42.1   Max: 19.4
Current: 16.2
-42.1
19.4
ROC (Joel Greenblatt) (%) 56.50
IPGP's ROC (Joel Greenblatt) (%) is ranked higher than
85% of the 418 Companies
in the Global Semiconductors industry.

( Industry Median: 18.10 vs. IPGP: 56.50 )
IPGP' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 3.9   Max: 58.7
Current: 56.5
3.9
58.7
Revenue Growth (%) 28.6
IPGP's Revenue Growth (%) is ranked higher than
92% of the 249 Companies
in the Global Semiconductors industry.

( Industry Median: 10.50 vs. IPGP: 28.6 )
IPGP' s 10-Year Revenue Growth (%) Range
Min: -2.1   Max: 49
Current: 28.6
-2.1
49
EBITDA Growth (%) 65.4
IPGP's EBITDA Growth (%) is ranked higher than
90% of the 146 Companies
in the Global Semiconductors industry.

( Industry Median: 18.90 vs. IPGP: 65.4 )
IPGP' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 65.4
Current: 65.4
0
65.4
EPS Growth (%) 120
IPGP's EPS Growth (%) is ranked higher than
93% of the 101 Companies
in the Global Semiconductors industry.

( Industry Median: 24.20 vs. IPGP: 120 )
IPGP' s 10-Year EPS Growth (%) Range
Min: -17.6   Max: 183.9
Current: 120
-17.6
183.9
ยป IPGP's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

IPGP Guru Trades in Q2 2012

Ken Fisher 106,500 sh (New)
Chuck Royce 2,173,697 sh (+54.84%)
Jim Simons 186,000 sh (+46.57%)
Westport Asset Management 480,000 sh (unchged)
Columbia Wanger 4,191,150 sh (unchged)
Frank Sands 263,560 sh (-0.3%)
Steven Cohen 5,465 sh (-74.02%)
Paul Tudor Jones 4,800 sh (-78.28%)
» More
Q3 2012

IPGP Guru Trades in Q3 2012

Jim Simons 260,690 sh (+40.16%)
Ken Fisher 106,500 sh (unchged)
Paul Tudor Jones Sold Out
Columbia Wanger 4,186,250 sh (-0.12%)
Frank Sands 261,860 sh (-0.65%)
Steven Cohen 5,051 sh (-7.58%)
Westport Asset Management 415,600 sh (-13.42%)
Chuck Royce 1,559,482 sh (-28.26%)
» More
Q4 2012

IPGP Guru Trades in Q4 2012

Ken Fisher 108,100 sh (+1.5%)
Westport Asset Management 405,600 sh (unchged)
Steven Cohen Sold Out
Columbia Wanger 4,177,250 sh (-0.21%)
Chuck Royce 1,396,482 sh (-10.45%)
Frank Sands 216,860 sh (-17.18%)
Jim Simons 138,900 sh (-46.72%)
» More
Q1 2013

IPGP Guru Trades in Q1 2013

Pioneer Investments 52,400 sh (New)
Joel Greenblatt 3,325 sh (New)
Frank Sands 239,960 sh (+10.65%)
Ken Fisher 109,560 sh (+1.35%)
Jim Simons Sold Out
Westport Asset Management 399,722 sh (-1.45%)
Chuck Royce 1,368,582 sh (-2%)
Columbia Wanger 3,899,550 sh (-6.65%)
» More
» Details

Insider Trades

Latest Guru Trades with IPGP

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-03-31 New Buy0.01%$57.33 - $69.48 $ 55.68-14%3325
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 19.60
IPGP's P/E(ttm) is ranked higher than
56% of the 421 Companies
in the Global Semiconductors industry.

( Industry Median: 21.10 vs. IPGP: 19.60 )
IPGP' s 10-Year P/E(ttm) Range
Min: 10.67   Max: 144.58
Current: 19.6
10.67
144.58
P/B 3.80
IPGP's P/B is ranked lower than
93% of the 708 Companies
in the Global Semiconductors industry.

( Industry Median: 1.40 vs. IPGP: 3.80 )
IPGP' s 10-Year P/B Range
Min: 1.43   Max: 9.91
Current: 3.8
1.43
9.91
P/S 4.90
IPGP's P/S is ranked lower than
90% of the 719 Companies
in the Global Semiconductors industry.

( Industry Median: 1.33 vs. IPGP: 4.90 )
IPGP' s 10-Year P/S Range
Min: 1.54   Max: 10.13
Current: 4.9
1.54
10.13
PFCF 45.20
IPGP's PFCF is ranked lower than
80% of the 410 Companies
in the Global Semiconductors industry.

( Industry Median: 17.07 vs. IPGP: 45.20 )
IPGP' s 10-Year PFCF Range
Min: 15.04   Max: 147.55
Current: 45.2
15.04
147.55
EV-to-EBIT 12.7
IPGP's EV-to-EBIT is ranked higher than
65% of the 492 Companies
in the Global Semiconductors industry.

( Industry Median: 16.62 vs. IPGP: 12.7 )
IPGP' s 10-Year EV-to-EBIT Range
Min: 6.6   Max: 83.5
Current: 12.7
6.6
83.5
PEG 0.4
IPGP's PEG is ranked higher than
84% of the 124 Companies
in the Global Semiconductors industry.

( Industry Median: 1.40 vs. IPGP: 0.4 )
IPGP' s 10-Year PEG Range
Min: 0.4   Max: 5.08
Current: 0.4
0.4
5.08
Shiller P/E 38.1
IPGP's Shiller P/E is ranked lower than
100% of the Companies
in the Global Semiconductors industry.

( Industry Median: vs. IPGP: 38.1 )
IPGP' s 10-Year Shiller P/E Range
Min: 35.12   Max: 118.26
Current: 38.1
35.12
118.26

Valuation & Return

vs
industry		 vs
history
Price/Net Cash 12.4
IPGP's Price/Net Cash is ranked lower than
68% of the 257 Companies
in the Global Semiconductors industry.

( Industry Median: 7.50 vs. IPGP: 12.4 )
IPGP' s 10-Year Price/Net Cash Range
Min: 14.8   Max: 480
Current: 12.4
14.8
480
Price/Net Current Asset Value 18.3
IPGP's Price/Net Current Asset Value is ranked lower than
66% of the 657 Companies
in the Global Semiconductors industry.

( Industry Median: 11.30 vs. IPGP: 18.3 )
IPGP' s 10-Year Price/Net Current Asset Value Range
Min: 8.9   Max: 21.9
Current: 18.3
8.9
21.9
Price/Tangible Book 3.9
IPGP's Price/Tangible Book is ranked lower than
88% of the 700 Companies
in the Global Semiconductors industry.

( Industry Median: 1.50 vs. IPGP: 3.9 )
IPGP' s 10-Year Price/Tangible Book Range
Min: 2.6   Max: 5
Current: 3.9
2.6
5
Price/DCF (Projected) 2.8
IPGP's Price/DCF (Projected) is ranked lower than
81% of the 144 Companies
in the Global Semiconductors industry.

( Industry Median: 1.30 vs. IPGP: 2.8 )
IPGP' s 10-Year Price/DCF (Projected) Range
Min: 2.9   Max: 4.1
Current: 2.8
2.9
4.1
Price/Median PS Value 1.1
IPGP's Price/Median PS Value is ranked lower than
60% of the 659 Companies
in the Global Semiconductors industry.

( Industry Median: 1.10 vs. IPGP: 1.1 )
IPGP' s 10-Year Price/Median PS Value Range
Min: 0.6   Max: 1.4
Current: 1.1
0.6
1.4
Price/Peter Lynch Fair Value 0.8
IPGP's Price/Peter Lynch Fair Value is ranked higher than
68% of the 44 Companies
in the Global Semiconductors industry.

( Industry Median: 1.10 vs. IPGP: 0.8 )
IPGP' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.7   Max: 2.2
Current: 0.8
0.7
2.2
Price/Graham Number 1.8
IPGP's Price/Graham Number is ranked lower than
68% of the 415 Companies
in the Global Semiconductors industry.

( Industry Median: 1.30 vs. IPGP: 1.8 )
IPGP' s 10-Year Price/Graham Number Range
Min: 1.4   Max: 4.5
Current: 1.8
1.4
4.5
Earnings Yield (Greenblatt) 7.90
IPGP's Earnings Yield (Greenblatt) is ranked higher than
65% of the 511 Companies
in the Global Semiconductors industry.

( Industry Median: 5.80 vs. IPGP: 7.90 )
IPGP' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.2   Max: 15.1
Current: 7.9
1.2
15.1
Forward Rate of Return (Yacktman) 47.38
IPGP's Forward Rate of Return (Yacktman) is ranked higher than
94% of the 154 Companies
in the Global Semiconductors industry.

( Industry Median: 5.84 vs. IPGP: 47.38 )
IPGP' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -1.2   Max: 47.6
Current: 47.38
-1.2
47.6

Business Description

IPG Photonics Corporation is the developer and manufacturer of a line of high-performance fiber lasers for diverse applications in numerous markets. Fiber lasers are a new generation of lasers that combine the advantages of semiconductor diodes, such as long life and high efficiency, with the high amplification and precise beam qualities of specialty optical fibers. It designs and manufactures a range of high-performance optical fiber-based lasers and amplifiers. It also makes packaged diodes, direct diode laser systems and communications systems that utilize its optical fiber-based products. In addition, it recently developed a compact and efficient CO2 laser. The company's products are based on a common proprietary technology platform using many of the same core components, such as semiconductor diodes, specialty fibers, beam combiners, isolators, polarizers, splitters and modulators, which it configures to its customers' specifications. The company's laser products include low (1 to 99 watts), medium (100 to 999 watts) and high (1,000 watts and above) output power lasers from 1 to 2 microns in wavelength. These lasers either might be continuous wave (CW) or might be modulated at different rates. It offers several different types of lasers, which are defined by the type of gain medium they use. These are ytterbium, erbium, thulium and Raman. It also sells fiber pigtailed packaged diodes and fiber coupled direct diode laser systems that use semiconductor diodes rather than optical fibers as their gain medium. In addition, it offers high-energy pulsed lasers, multi-wavelength lasers, tunable lasers, single-polarization and single-frequency lasers, as well as other versions of its products. The company also sells laser diode chips and packaged laser diodes operating at 9XX nanometers. Recently, it started to sell its own family of high power process fibers, fiber couplers, optical switches, chillers and other accessories for its fiber lasers. The company's amplifier products range from milliwatts to up to 500 watts of output power from 1 to 2 microns in wavelength. It offers erbium-doped fiber amplifiers, commonly called EDFAs, Raman amplifiers and integrated communications systems that incorporate its amplifiers. It designs and manufactures a DWDM transport system with varying output power and wavelengths and a full range of fiber amplifiers and Raman pump lasers that enhance data transmission in broadband access and DWDM optical networks. It markets its products internationally mainly through its direct sales force and also through agreements with independent sales representatives and distributors. It competes with makers of high-power conventional CO2 and solid-state lasers, including Fanuc, Lasag Ltd., Rofin-Sinar Technologies, Inc. and Trumpf GmbH + Co. KG, and makers of mid and low-power conventional CO2 and solid-state lasers such as Coherent, Inc., GSI Group Inc., Newport Corporation and Rofin-Sinar Technologies, Inc. It a
Company Website
SEC Reports
Industry: Semiconductors
Compare:INTC, TSM, BRCM, ARMH, ADI
Traded in other countries:IPF.Germany
ยป More Articles for IPGP

Headlines

Articles On GuruFocus.com
5 Fast-Growing Small-Cap Stocks to Watch Mar 26 2013 
Royce Fund's Chip Skinner on the Rebound of Royce Value Plus Fund and Stock Ideas Dec 04 2012 
Westport Funds Third Quarter Letter Oct 25 2012 
Westport Funds Semi-Annual Letter Sep 26 2012 
100 of Americas Fastest Growing Stocks That Made Investors Rich Sep 21 2012 
IPG Photonics Corp. (IPGP) Vice President & CFO Timothy Pv Mammen sells 29,334 Shares Mar 03 2011 
IPG Photonics Corp. (IPGP) Vice President & CFO Timothy Pv Mammen sells 29,334 Shares Mar 02 2011 
IPG Photonics Corp. (IPGP) CEO & Chairman of the Board, 10% Owner Valentin P Gapontsev sells 150,000 Feb 16 2011 
IPG Photonics Corp. (IPGP) CEO & Chairman of the Board, 10% Owner Valentin P Gapontsev sells 900,000 Jan 27 2011 
IPG Photonics Corp. (IPGP) CEO & Chairman of the Board, 10% Owner Valentin P Gapontsev sells 50,000 Jan 18 2011 

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