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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 : 8/10

vs
industry
vs
history
Cash to Debt 6.49
RSTI's Cash to Debt is ranked higher than
65% of the 2553 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 4.05 vs. RSTI: 6.49 )
RSTI' s 10-Year Cash to Debt Range
Min: 0.19   Max: No Debt
Current: 6.49

Equity to Asset 0.78
RSTI's Equity to Asset is ranked higher than
87% of the 2528 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.56 vs. RSTI: 0.78 )
RSTI' s 10-Year Equity to Asset Range
Min: 0.4   Max: 0.79
Current: 0.78

0.4
0.79
Interest Coverage 82.72
RSTI's Interest Coverage is ranked higher than
59% of the 1546 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 82.18 vs. RSTI: 82.72 )
RSTI' s 10-Year Interest Coverage Range
Min: 4.52   Max: 9999.99
Current: 82.72

4.52
9999.99
F-Score: 6
Z-Score: 4.98
M-Score: -2.65
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 : 8/10

vs
industry
vs
history
Operating margin (%) 8.79
RSTI's Operating margin (%) is ranked higher than
81% of the 2528 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.72 vs. RSTI: 8.79 )
RSTI' s 10-Year Operating margin (%) Range
Min: 2.49   Max: 17.66
Current: 8.79

2.49
17.66
Net-margin (%) 6.21
RSTI's Net-margin (%) is ranked higher than
78% of the 2529 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.04 vs. RSTI: 6.21 )
RSTI' s 10-Year Net-margin (%) Range
Min: 2.25   Max: 11.79
Current: 6.21

2.25
11.79
ROE (%) 6.44
RSTI's ROE (%) is ranked higher than
67% of the 2498 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 5.76 vs. RSTI: 6.44 )
RSTI' s 10-Year ROE (%) Range
Min: 2.19   Max: 15.85
Current: 6.44

2.19
15.85
ROA (%) 4.97
RSTI's ROA (%) is ranked higher than
76% of the 2534 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.87 vs. RSTI: 4.97 )
RSTI' s 10-Year ROA (%) Range
Min: 1.7   Max: 10.92
Current: 4.97

1.7
10.92
ROC (Joel Greenblatt) (%) 15.08
RSTI's ROC (Joel Greenblatt) (%) is ranked higher than
72% of the 2526 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 11.30 vs. RSTI: 15.08 )
RSTI' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 3.79   Max: 44.95
Current: 15.08

3.79
44.95
Revenue Growth (%) 10.80
RSTI's Revenue Growth (%) is ranked higher than
84% of the 1846 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.40 vs. RSTI: 10.80 )
RSTI' s 10-Year Revenue Growth (%) Range
Min: -6.2   Max: 23
Current: 10.8

-6.2
23
EBITDA Growth (%) 4.60
RSTI's EBITDA Growth (%) is ranked higher than
71% of the 1498 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.10 vs. RSTI: 4.60 )
RSTI' s 10-Year EBITDA Growth (%) Range
Min: -27.6   Max: 35.7
Current: 4.6

-27.6
35.7
EPS Growth (%) 6.10
RSTI's EPS Growth (%) is ranked higher than
72% of the 1348 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.50 vs. RSTI: 6.10 )
RSTI' s 10-Year EPS Growth (%) Range
Min: -41.9   Max: 77
Current: 6.1

-41.9
77
» RSTI's 10-Y Financials

Financials


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

» Details

Guru Trades

Q3 2013

RSTI Guru Trades in Q3 2013

Jim Simons 35,258 sh (New)
Third Avenue Management 1,583,882 sh (+11.28%)
Joel Greenblatt 37,082 sh (+9.51%)
Jean-Marie Eveillard 1,904,310 sh (+2.13%)
Mario Gabelli 203,100 sh (+0.25%)
Westport Asset Management 281,458 sh (unchged)
Chuck Royce 1,887,824 sh (-7.64%)
Manning & Napier Advisors, Inc 485,650 sh (-18.64%)
» More
Q4 2013

RSTI Guru Trades in Q4 2013

Joel Greenblatt 65,395 sh (+76.35%)
Chuck Royce 2,162,782 sh (+14.56%)
Third Avenue Management 1,701,340 sh (+7.42%)
Mario Gabelli 203,600 sh (+0.25%)
Jean-Marie Eveillard 1,906,810 sh (+0.13%)
Jim Simons Sold Out
Westport Asset Management 261,458 sh (-7.11%)
Manning & Napier Advisors, Inc 237,885 sh (-51.02%)
» More
Q1 2014

RSTI Guru Trades in Q1 2014

Mario Gabelli 221,600 sh (+8.84%)
Third Avenue Management 1,748,731 sh (+2.79%)
Manning & Napier Advisors, Inc Sold Out
Chuck Royce 2,132,400 sh (-1.4%)
Jean-Marie Eveillard 1,853,165 sh (-2.81%)
Westport Asset Management 150,553 sh (-42.42%)
Joel Greenblatt 8,817 sh (-86.52%)
» More
Q2 2014

RSTI Guru Trades in Q2 2014

Joel Greenblatt 24,833 sh (+181.65%)
Mario Gabelli 250,510 sh (+13.05%)
Chuck Royce 2,191,000 sh (+2.75%)
Westport Asset Management 150,553 sh (unchged)
Third Avenue Management 1,699,162 sh (-2.83%)
Jean-Marie Eveillard 1,753,165 sh (-5.4%)
» More
» Details

Insider Trades

Latest Guru Trades with RSTI

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2014-06-30 Add 181.65%$21.81 - $24.66 $ 23.812%24833
Joel Greenblatt 2014-03-31 Reduce -86.52%0.04%$21.28 - $27.02 $ 23.81-1%8817
Joel Greenblatt 2013-12-31 Add 76.35%0.02%$23.05 - $26.58 $ 23.81-5%65395
Joel Greenblatt 2013-06-30 New Buy0.04%$23.99 - $27.65 $ 23.81-8%33863
Joel Greenblatt 2012-12-31 Sold Out 0.05%$17.93 - $21.49 $ 23.8119%0
Joel Greenblatt 2012-09-30 New Buy0.05%$17.23 - $22.97 $ 23.8120%40954
Mario Gabelli 2012-09-30 Add 84.18%0.01%$17.23 - $22.97 $ 23.8120%188600
Joel Greenblatt 2012-06-30 Sold Out 0.05%$17.98 - $26.83 $ 23.8110%0
Mario Gabelli 2012-06-30 Add 466.65%0.01%$17.98 - $26.83 $ 23.8110%102400
Joel Greenblatt 2012-03-31 New Buy0.05%$23.3 - $29.39 $ 23.81-2%22553
Mario Gabelli 2012-03-31 New Buy$23.3 - $29.39 $ 23.81-2%18071
Jean-Marie Eveillard 2011-12-31 Add 30.52%0.04%$18.47 - $27.19 $ 23.815%1549310
Jean-Marie Eveillard 2011-09-30 Add 224.64%0.08%$19.12 - $34.56 $ 23.81-9%1187010
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

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 – 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:

• 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;

• the company has been profitable every year since listing publicly in 1996;

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

• a service and parts business provides a base of highermargin recurring revenue;

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

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

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

• 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

Ratios

vs
industry
vs
history
P/E(ttm) 29.20
RSTI's P/E(ttm) is ranked higher than
63% of the 2666 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 30.20 vs. RSTI: 29.20 )
RSTI' s 10-Year P/E(ttm) Range
Min: 8.02   Max: 147.09
Current: 29.2

8.02
147.09
P/B 1.20
RSTI's P/B is ranked higher than
71% of the 2666 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.70 vs. RSTI: 1.20 )
RSTI' s 10-Year P/B Range
Min: 0.97   Max: 3.7
Current: 1.2

0.97
3.7
P/S 1.27
RSTI's P/S is ranked lower than
53% of the 2666 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.93 vs. RSTI: 1.27 )
RSTI' s 10-Year P/S Range
Min: 0.79   Max: 3.03
Current: 1.27

0.79
3.03
PFCF 25.88
RSTI's PFCF is ranked higher than
70% of the 2666 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 88.59 vs. RSTI: 25.88 )
RSTI' s 10-Year PFCF Range
Min: 8.43   Max: 188.36
Current: 25.88

8.43
188.36
EV-to-EBIT 15.70
RSTI's EV-to-EBIT is ranked higher than
75% of the 2666 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 23.95 vs. RSTI: 15.70 )
RSTI' s 10-Year EV-to-EBIT Range
Min: 4.7   Max: 129.7
Current: 15.7

4.7
129.7
PEG 1.46
RSTI's PEG is ranked higher than
90% of the 2666 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 9999.00 vs. RSTI: 1.46 )
RSTI' s 10-Year PEG Range
Min: 0.41   Max: 51.25
Current: 1.46

0.41
51.25
Shiller P/E 19.29
RSTI's Shiller P/E is ranked higher than
91% of the 2666 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 9999.00 vs. RSTI: 19.29 )
RSTI' s 10-Year Shiller P/E Range
Min: 8.88   Max: 52.5
Current: 19.29

8.88
52.5
Current Ratio 4.60
RSTI's Current Ratio is ranked higher than
90% of the 1843 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.98 vs. RSTI: 4.60 )
RSTI' s 10-Year Current Ratio Range
Min: 1.22   Max: 5.06
Current: 4.6

1.22
5.06
Quick Ratio 2.67
RSTI's Quick Ratio is ranked higher than
83% of the 1843 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.45 vs. RSTI: 2.67 )
RSTI' s 10-Year Quick Ratio Range
Min: 0.76   Max: 2.95
Current: 2.67

0.76
2.95

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 4.04
RSTI's Price/Net Current Asset Value is ranked higher than
92% of the 2666 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 9999.00 vs. RSTI: 4.04 )
RSTI' s 10-Year Price/Net Current Asset Value Range
Min: 2.68   Max: 11.35
Current: 4.04

2.68
11.35
Price/Tangible Book 1.54
RSTI's Price/Tangible Book is ranked higher than
64% of the 2666 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.10 vs. RSTI: 1.54 )
RSTI' s 10-Year Price/Tangible Book Range
Min: 0.85   Max: 4.93
Current: 1.54

0.85
4.93
Price/DCF (Projected) 0.90
RSTI's Price/DCF (Projected) is ranked higher than
92% of the 2666 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 9999.00 vs. RSTI: 0.90 )
RSTI' s 10-Year Price/DCF (Projected) Range
Min: 0.54   Max: 1.92
Current: 0.9

0.54
1.92
Price/Median PS Value 0.84
RSTI's Price/Median PS Value is ranked higher than
85% of the 2666 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.10 vs. RSTI: 0.84 )
RSTI' s 10-Year Price/Median PS Value Range
Min: 0.22   Max: 2.02
Current: 0.84

0.22
2.02
Price/Peter Lynch Fair Value 2.39
RSTI's Price/Peter Lynch Fair Value is ranked higher than
90% of the 2666 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 9999.00 vs. RSTI: 2.39 )
RSTI' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.51   Max: 5.72
Current: 2.39

0.51
5.72
Price/Graham Number 1.40
RSTI's Price/Graham Number is ranked higher than
69% of the 2666 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.50 vs. RSTI: 1.40 )
RSTI' s 10-Year Price/Graham Number Range
Min: 0.77   Max: 3.62
Current: 1.4

0.77
3.62
Earnings Yield (Greenblatt) 6.40
RSTI's Earnings Yield (Greenblatt) is ranked higher than
64% of the 2220 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 6.50 vs. RSTI: 6.40 )
RSTI' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.8   Max: 21.1
Current: 6.4

0.8
21.1
Forward Rate of Return (Yacktman) 15.64
RSTI's Forward Rate of Return (Yacktman) is ranked higher than
86% of the 1587 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.04 vs. RSTI: 15.64 )
RSTI' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -11.4   Max: 32.2
Current: 15.64

-11.4
32.2

Business Description

Industry: Computer Hardware » Scientific & Technical Instruments
Compare:A, ROP, GRMN, HXGBY, TRMB » details
Traded in other countries:0O1V.country, RSI.Germany
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 system solutions for industrial material processing applications which include cutting, welding and marking various 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 manufacturing, distribution and service network, the Company provides a comprehensive range of laser sources and laser-based system solutions to various markets such as 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.
» 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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ROFIN-SINAR Reports Results For The Third Quarter Of Fiscal Year 2014 Aug 07 2014
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ROFIN SINAR TECHNOLOGIES INC Files SEC form 10-Q, Quarterly Report May 12 2014
Rofin-Sinar Technologies' (RSTI) CEO Günther Braun on F2Q 2014 Results - Earnings Call Transcript May 09 2014
ROFIN SINAR TECHNOLOGIES INC Files SEC form 8-K, Results of Operations and Financial Condition,... May 08 2014
Rofin-Sinar sees Q3 EPS 20c-24c, consensus 23c May 08 2014
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ROFIN-SINAR Reports Results For The Second Quarter Of Fiscal Year 2014 May 08 2014
ROFIN-SINAR Announces 2014 Second Quarter Financial Results Teleconference and Webcast Apr 24 2014
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