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27.07 (1y: +41%)
Market Cap 774.16 M P/E(ttm) 22.20
Enterprise Value 677.58 M P/B 1.50
RSTI- NAS (USA)
Rofin-Sinar Technologies, Inc.
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
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
$27.07
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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 : 6/10

vs
industry		 vs
history
Cash to Debt 4.487
RSTI's Cash to Debt is ranked higher than
61% of the 2479 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.01 vs. RSTI: 4.487 )
RSTI' s 10-Year Cash to Debt Range
Min: 0.21   Max: 5.7
Current: 4.49
0.21
5.7
Equity to Asset 0.749
RSTI's Equity to Asset is ranked higher than
81% of the 2479 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.57 vs. RSTI: 0.749 )
RSTI' s 10-Year Equity to Asset Range
Min: 0.42   Max: 0.78
Current: 0.75
0.42
0.78
Interest Coverage No Debt
RSTI's Interest Coverage is ranked higher than
83% of the 2479 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 10.50 vs. RSTI: No Debt )
RSTI' s 10-Year Interest Coverage Range
Min: 5   Max: No Debt
Current: No Debt
F-Score: 5
Z-Score: 5.69
M-Score: -2.14
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 : 6/10

vs
industry		 vs
history
Operating margin (%) 9.30
RSTI's Operating margin (%) is ranked higher than
86% of the 2479 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.90 vs. RSTI: 9.30 )
RSTI' s 10-Year Operating margin (%) Range
Min: 2.5   Max: 17.7
Current: 9.3
2.5
17.7
Net-margin (%) 6.4
RSTI's Net-margin (%) is ranked higher than
79% of the 2479 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.00 vs. RSTI: 6.4 )
RSTI' s 10-Year Net-margin (%) Range
Min: 2.3   Max: 11.8
Current: 6.4
2.3
11.8
ROE (%) 7.1
RSTI's ROE (%) is ranked higher than
75% of the 2479 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.70 vs. RSTI: 7.1 )
RSTI' s 10-Year ROE (%) Range
Min: 2.2   Max: 15.9
Current: 7.1
2.2
15.9
ROA (%) 5.3
RSTI's ROA (%) is ranked higher than
80% of the 2479 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.10 vs. RSTI: 5.3 )
RSTI' s 10-Year ROA (%) Range
Min: 1.7   Max: 10.9
Current: 5.3
1.7
10.9
ROC (Joel Greenblatt) (%) 16.00
RSTI's ROC (Joel Greenblatt) (%) is ranked higher than
77% of the 2479 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 7.30 vs. RSTI: 16.00 )
RSTI' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 3.8   Max: 44.9
Current: 16
3.8
44.9
Revenue Growth (%) 11.9
RSTI's Revenue Growth (%) is ranked higher than
92% of the 2479 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.00 vs. RSTI: 11.9 )
RSTI' s 10-Year Revenue Growth (%) Range
Min: -2.8   Max: 14.7
Current: 11.9
-2.8
14.7
EBITDA Growth (%) 31.9
RSTI's EBITDA Growth (%) is ranked higher than
97% of the 2479 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.00 vs. RSTI: 31.9 )
RSTI' s 10-Year EBITDA Growth (%) Range
Min: -27.2   Max: 31.9
Current: 31.9
-27.2
31.9
EPS Growth (%) 40.3
RSTI's EPS Growth (%) is ranked higher than
97% of the 2479 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.00 vs. RSTI: 40.3 )
RSTI' s 10-Year EPS Growth (%) Range
Min: -33.4   Max: 54.3
Current: 40.3
-33.4
54.3
ยป RSTI's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

RSTI Guru Trades in Q2 2012

Paul Tudor Jones 16,400 sh (New)
Third Avenue Management 1,370,103 sh (New)
Manning & Napier Advisors, Inc 569,070 sh (New)
Mario Gabelli 102,400 sh (+466.65%)
Jean-Marie Eveillard 1,840,310 sh (+12.06%)
Westport Asset Management 281,458 sh (unchged)
Jim Simons Sold Out
Joel Greenblatt Sold Out
Chuck Royce 3,207,171 sh (-2.31%)
» More
Q3 2012

RSTI Guru Trades in Q3 2012

Joel Greenblatt 40,954 sh (New)
Mario Gabelli 188,600 sh (+84.18%)
Third Avenue Management 1,882,689 sh (+37.41%)
Manning & Napier Advisors, Inc 587,670 sh (+3.27%)
Westport Asset Management 281,458 sh (unchged)
Jean-Marie Eveillard 1,840,310 sh (unchged)
Paul Tudor Jones Sold Out
Chuck Royce 2,573,070 sh (-19.77%)
» More
Q4 2012

RSTI Guru Trades in Q4 2012

Jim Simons 18,558 sh (New)
Mario Gabelli 221,600 sh (+17.5%)
Third Avenue Management 2,056,734 sh (+9.24%)
Chuck Royce 2,765,222 sh (+7.47%)
Manning & Napier Advisors, Inc 591,980 sh (+0.73%)
Jean-Marie Eveillard 1,840,310 sh (unchged)
Westport Asset Management 281,458 sh (unchged)
Joel Greenblatt Sold Out
» More
Q1 2013

RSTI Guru Trades in Q1 2013

Manning & Napier Advisors, Inc 593,920 sh (+0.33%)
Westport Asset Management 281,458 sh (unchged)
Jean-Marie Eveillard 1,840,310 sh (unchged)
Jim Simons Sold Out
Mario Gabelli 210,600 sh (-4.96%)
Chuck Royce 2,269,443 sh (-17.93%)
Third Avenue Management 1,507,886 sh (-26.69%)
» More
» Details

Insider Trades

Latest Guru Trades with RSTI

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2012-12-31 Sold Out 0.05%$17.93 - $21.49 $ 27.0735%0
Joel Greenblatt 2012-09-30 New Buy0.05%$17.23 - $22.97 $ 27.0737%40954
Mario Gabelli 2012-09-30 Add 84.18%0.01%$17.23 - $22.97 $ 27.0737%188600
Joel Greenblatt 2012-06-30 Sold Out 0.05%$17.98 - $26.83 $ 27.0725%0
Mario Gabelli 2012-06-30 Add 466.65%0.01%$17.98 - $26.83 $ 27.0725%102400
Joel Greenblatt 2012-03-31 New Buy0.05%$23.3 - $29.39 $ 27.0711%22553
Mario Gabelli 2012-03-31 New Buy$23.3 - $29.39 $ 27.0711%18071
Jean-Marie Eveillard 2011-12-31 Add 30.52%0.04%$18.47 - $27.19 $ 27.0720%1549310
Jean-Marie Eveillard 2011-09-30 Add 224.64%0.08%$19.12 - $34.56 $ 27.074%1187010
Jean-Marie Eveillard 2010-09-30 Add 78.32%0.03%$19.96 - $25.39 $ 27.0725%436890
Jean-Marie Eveillard 2010-06-30 New Buy0.04%$20.96 - $27.05 $ 27.0714%245000
Premium More recent guru trades are included for Premium Members only!!
ยป Financial Charts

Peter Lynch Chart

Guru Investment Theses on Rofin-Sinar Technologies, Inc.

Third Avenue Management Comments on Rofin-Sinar - Oct 02, 2012

Followers of the Fund will remember that a small position in Rofin-Sinar Common (RSTI) was initiated during the April quarter2. That position became much more meaningful in the July quarter. Additional shares of Rofin-Sinar were purchased as the discount to our estimate of net asset value widened and became more attractive amidst broader macro and near-term earnings concerns. In our April letter, we noted simply that Rofin-Sinar is an "industrial capital equipment company." In plain English, the company makes lasers and parts for lasers โ€“ lasers for cutting, lasers for welding, lasers for marking materials and lasers for medical equipment.

With one of its two headquarters in Germany3, cyclical end markets, more than 40% of sales from Europe and a third from Asia, there is plenty to dislike in the near-term for topdown investors as macro concerns and uncertainty swirl. In a bottom-up analysis, however, there is much more to like for investors with a time horizon beyond a year or two:

โ€ข the balance sheet is rock-solid with about 19% of the company's market cap as net cash and a history of generating excess cash;

โ€ข the company has been profitable every year since listing publicly in 1996;

โ€ข management has an impressive track record of compounding revenue and earnings at double digit rates over the past 10+ years;

โ€ข a service and parts business provides a base of highermargin recurring revenue;

โ€ข shares trade at only a slight premium to book value, while returns on equity have averaged 10%+ as a public company;

โ€ข application expertise and a global support network provide differentiation for products operating in demanding manufacturing environments;

โ€ข prospects for attractive longer-term business growth are reasonable, as lasers take share from more traditional means of cutting, welding and marking materials; and

โ€ข the current market valuation appears to offer limited downside over a reasonable timeframe, yet represents a meaningful discount to precedent transactions in a consolidating market.

In sum, Rofin-Sinar has been a very well managed business with an expanding, albeit cyclical, market opportunity. If past is prologue, management is likely to continue compounding value for shareholders at attractive rates, even as a given quarter or year may fall short of the earnings capacity and longer-term business potential.

From Third Avenue's third-quarter letter, by Curtis R. Jensen, chief investment officer and portfolio manager of Third Avenue Small-Cap Value Fund.
Check out Third Avenue Management latest stock trades

Top Ranked Articles about Rofin-Sinar Technologies, Inc.

Third Avenue Management Comments on Rofin-Sinar
October 2, 2012
Followers of the Fund will remember that a small position in Rofin-Sinar Common (RSTI) was initiated during the April quarter2. That position became much more meaningful in the July quarter. Additional shares of Rofin-Sinar were purchased as the discount to our estimate of net asset value widened and became more attractive amidst broader macro and near-term earnings concerns. In our April letter, we noted simply that Rofin-Sinar is an "industrial capital equipment company." In plain English, the company makes lasers and parts for lasers โ€“ lasers for cutting, lasers for welding, lasers for marking materials and lasers for medical equipment. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 22.20
RSTI's P/E(ttm) is ranked higher than
50% of the 1680 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 17.60 vs. RSTI: 22.20 )
RSTI' s 10-Year P/E(ttm) Range
Min: 8.05   Max: 151.69
Current: 22.2
8.05
151.69
P/B 1.50
RSTI's P/B is ranked higher than
56% of the 2254 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.18 vs. RSTI: 1.50 )
RSTI' s 10-Year P/B Range
Min: 0.63   Max: 3.78
Current: 1.5
0.63
3.78
P/S 1.40
RSTI's P/S is ranked lower than
58% of the 2325 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.80 vs. RSTI: 1.40 )
RSTI' s 10-Year P/S Range
Min: 0.3   Max: 3.03
Current: 1.4
0.3
3.03
PFCF 35.70
RSTI's PFCF is ranked lower than
64% of the 1456 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 15.00 vs. RSTI: 35.70 )
RSTI' s 10-Year PFCF Range
Min: 5.62   Max: 750
Current: 35.7
5.62
750
EV-to-EBIT 14.3
RSTI's EV-to-EBIT is ranked higher than
59% of the 1623 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 13.68 vs. RSTI: 14.3 )
RSTI' s 10-Year EV-to-EBIT Range
Min: 4.7   Max: 129
Current: 14.3
4.7
129
PEG 4.4
RSTI's PEG is ranked lower than
53% of the 480 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.43 vs. RSTI: 4.4 )
RSTI' s 10-Year PEG Range
Min: 0.42   Max: 13.64
Current: 4.4
0.42
13.64
Shiller P/E 18.7
RSTI's Shiller P/E is ranked lower than
100% of the Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: vs. RSTI: 18.7 )
RSTI' s 10-Year Shiller P/E Range
Min: 8.82   Max: 52.5
Current: 18.7
8.82
52.5

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 4.1
RSTI's Price/Net Current Asset Value is ranked higher than
71% of the 2001 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 6.30 vs. RSTI: 4.1 )
RSTI' s 10-Year Price/Net Current Asset Value Range
Min: 0.9   Max: 7.6
Current: 4.1
0.9
7.6
Price/Tangible Book 2
RSTI's Price/Tangible Book is ranked lower than
57% of the 2097 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.30 vs. RSTI: 2 )
RSTI' s 10-Year Price/Tangible Book Range
Min: 1.3   Max: 3.4
Current: 2
1.3
3.4
Price/DCF (Projected) 1.2
RSTI's Price/DCF (Projected) is ranked higher than
67% of the 638 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.20 vs. RSTI: 1.2 )
RSTI' s 10-Year Price/DCF (Projected) Range
Min: 0.7   Max: 1.4
Current: 1.2
0.7
1.4
Price/Median PS Value 1
RSTI's Price/Median PS Value is ranked higher than
61% of the 2138 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.00 vs. RSTI: 1 )
RSTI' s 10-Year Price/Median PS Value Range
Min: 0.2   Max: 1.7
Current: 1
0.2
1.7
Price/Peter Lynch Fair Value 4.3
RSTI's Price/Peter Lynch Fair Value is ranked lower than
72% of the 256 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.10 vs. RSTI: 4.3 )
RSTI' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.6   Max: 1
Current: 4.3
0.6
1
Price/Graham Number 1.4
RSTI's Price/Graham Number is ranked lower than
51% of the 1505 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.10 vs. RSTI: 1.4 )
RSTI' s 10-Year Price/Graham Number Range
Min: 0.8   Max: 2.6
Current: 1.4
0.8
2.6
Earnings Yield (Greenblatt) 7.00
RSTI's Earnings Yield (Greenblatt) is ranked higher than
72% of the 2479 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 4.30 vs. RSTI: 7.00 )
RSTI' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.8   Max: 21.4
Current: 7
0.8
21.4
Forward Rate of Return (Yacktman) 7.72
RSTI's Forward Rate of Return (Yacktman) is ranked higher than
91% of the 2479 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.00 vs. RSTI: 7.72 )
RSTI' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -14.6   Max: 33.6
Current: 7.72
-14.6
33.6

Business Description

Rofin-Sinar Technologies Inc. was incorporated in 1996 under the laws of the State of Delaware. The Company is engaged in the design, development, engineering, manufacturing and marketing of laser-based products, primarily used for cutting, welding and marking a wide range of materials. Lasers are a non-contact technology for material processing, which have several advantages compared to conventional manufacturing tools that are desirable in industrial applications. The Company's lasers all deliver a high-quality beam at guaranteed power outputs and feature compact design, high processing speed, flexibility, low operating and maintenance costs, and easy integration into the customer's production process. Through its global manufacturing, distribution and service network, the Company provides a comprehensive range of laser sources and laser-based system solutions to the following principal target markets: the machine tool, automotive, the semiconductor, electronics, and photovoltaic industries. The Company sells directly to end-users and to original equipment manufacturers that integrate its laser sources with other system components. Some of its competitors are Trumpf, Fanuc, Synrad, Coherent, Laserline and Jenoptik.
Company Website
SEC Reports
Industry: Scientific & Technical Instruments
Compare:A, ROP, GRMN, HXGBY, TRMB
Traded in other countries:RSI.Germany
ยป More Articles for RSTI

Headlines

Articles On GuruFocus.com
Third Avenue Management Comments on Rofin-Sinar Oct 02 2012 
RofinSinar Technologies Inc. (RSTI) COO-MACRO Louis Molnar sells 20,000 Shares Mar 03 2011 
RofinSinar Technologies Inc. (RSTI) COO - Micro Thomas Merk sells 20,000 Shares Feb 17 2011 
RofinSinar Technologies Inc. (RSTI) COO - Macro Louis Molnar sells 20,000 Shares Feb 16 2011 
RofinSinar Technologies Inc. Reports Operating Results (10-Q) Feb 09 2011 
RofinSinar Technologies Inc. (RSTI) COO - Micro Louis Molnar sells 35,000 Shares Dec 01 2010 
RofinSinar Technologies Inc. Reports Operating Results (10-K) Nov 30 2010 
RofinSinar Technologies Inc. (RSTI) CTO Ulrich Hefter sells 30,000 Shares Nov 23 2010 
RofinSinar Technologies Inc. Reports Operating Results (10-Q) Aug 09 2010 
RofinSinar Technologies Inc. Reports Operating Results (10-Q) May 10 2010 

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