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IPG Photonics (IPG Photonics) Cyclically Adjusted Price-to-FCF : 19.87 (As of Jun. 10, 2024)


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What is IPG Photonics Cyclically Adjusted Price-to-FCF?

As of today (2024-06-10), IPG Photonics's current share price is $85.85. IPG Photonics's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was $4.32. IPG Photonics's Cyclically Adjusted Price-to-FCF for today is 19.87.

The historical rank and industry rank for IPG Photonics's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

IPGP' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 19.51   Med: 68.67   Max: 133.53
Current: 19.88

During the past years, IPG Photonics's highest Cyclically Adjusted Price-to-FCF was 133.53. The lowest was 19.51. And the median was 68.67.

IPGP's Cyclically Adjusted Price-to-FCF is ranked better than
76.81% of 345 companies
in the Semiconductors industry
Industry Median: 40.14 vs IPGP: 19.88

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

IPG Photonics's adjusted free cash flow per share data for the three months ended in Mar. 2024 was $0.575. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $4.32 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


IPG Photonics Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for IPG Photonics's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

IPG Photonics Cyclically Adjusted Price-to-FCF Chart

IPG Photonics Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.95 73.23 46.64 24.51 25.45

IPG Photonics Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.77 33.21 24.20 25.45 21.00

Competitive Comparison of IPG Photonics's Cyclically Adjusted Price-to-FCF

For the Semiconductor Equipment & Materials subindustry, IPG Photonics's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


IPG Photonics's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, IPG Photonics's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where IPG Photonics's Cyclically Adjusted Price-to-FCF falls into.



IPG Photonics Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

IPG Photonics's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=85.85/4.32
=19.87

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

IPG Photonics's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, IPG Photonics's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.575/131.7762*131.7762
=0.575

Current CPI (Mar. 2024) = 131.7762.

IPG Photonics Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.016 100.560 -0.021
201409 0.346 100.428 0.454
201412 0.758 99.070 1.008
201503 0.713 99.621 0.943
201506 0.577 100.684 0.755
201509 1.406 100.392 1.846
201512 0.925 99.792 1.221
201603 0.745 100.470 0.977
201606 -0.046 101.688 -0.060
201609 1.085 101.861 1.404
201612 1.388 101.863 1.796
201703 0.532 102.862 0.682
201706 1.111 103.349 1.417
201709 1.977 104.136 2.502
201712 1.475 104.011 1.869
201803 1.097 105.290 1.373
201806 0.936 106.317 1.160
201809 0.637 106.507 0.788
201812 1.596 105.998 1.984
201903 0.198 107.251 0.243
201906 0.086 108.070 0.105
201909 1.320 108.329 1.606
201912 1.933 108.420 2.349
202003 0.726 108.902 0.878
202006 1.007 108.767 1.220
202009 0.843 109.815 1.012
202012 1.100 109.897 1.319
202103 1.109 111.754 1.308
202106 1.643 114.631 1.889
202109 1.160 115.734 1.321
202112 1.032 117.630 1.156
202203 -0.165 121.301 -0.179
202206 0.850 125.017 0.896
202209 0.990 125.227 1.042
202212 0.328 125.222 0.345
202303 0.081 127.348 0.084
202306 0.863 128.729 0.883
202309 1.263 129.860 1.282
202312 1.732 129.419 1.764
202403 0.575 131.776 0.575

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


IPG Photonics  (NAS:IPGP) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


IPG Photonics Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of IPG Photonics's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


IPG Photonics (IPG Photonics) Business Description

Industry
Traded in Other Exchanges
Address
377 Simarano Drive, Marlborough, MA, USA, 01752
IPG Photonics Corp is a vertically integrated developer and manufacturer of high-performance fiber lasers, fiber amplifiers, and diode lasers, which are used in diverse applications in the manufacturing, automotive, industrial, aerospace, semiconductor, and consumer end markets. A large majority of the firm's revenue is derived from materials processing applications for fiber lasers, including cutting and welding, marking and engraving, and micro-processing. Roughly a third of the firm's revenue is generated in China, with the rest coming from North America, Europe, Japan, Australia, and other countries across the world.
Executives
Eric Meurice director % VERIGY LTD, 5301 STEVENS CREEK BLVD, SANTA CLARA CA 95051
Valentin Gapontsev Trust I 10 percent owner 50 OLD WEBSTER ROAD, OXFORD MA 01540
Tang Agnes director C/O IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Kolleen T Kennedy director VARIAN MEDICAL SYSTEMS INC, 3100 HANSEN WAY MAIL STOP E327, PALO ALTO CA 94304
Alexander Ovtchinnikov officer: Vice President IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Jeanmarie F. Desmond director C/O E.I. DU PONT DE NEMOURS AND COMPANY, 974 CENTRE ROAD, BLDG. 730, WILMINGTON DE 19805
Eugene A Shcherbakov director, officer: Managing Director of IPG Laser IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Gregory R Beecher director C/OTERADYNE INC, 600 RIVERPARK DRIVE, NORTH READING MA 01864
Timothy Pv Mammen officer: Vice President & CFO IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Ip Fibre Devices Ltd 10 percent owner 660 MAIN STREET, STURBRIDGE MA 01566
Trevor Ness officer: VP World-Wide Sales and Mktg. C/O 50 OLD WEBSTER ROAD, OXFORD MA 01540
Igor Samartsev director, officer: Acting GM of NTO IRE-Polus IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Angelo P Lopresti officer: VP, Secretary & Gen Counsel IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Felix I Stukalin officer: SVP, North America Operations
Natalia Pavlova director 3 ORCHARD HILL ROAD, WESTBOROUGH MA 01581