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. The company generates a majority of its revenue from China and also has its presence in North America, Japan, Germany, and other markets.

Financial Strength

9/10

Name	Current	Vs Industry	Vs History
Cash-To-Debt	64.48
Equity-to-Asset	0.9
Debt-to-Equity	0.01
Debt-to-EBITDA	0.06
Interest Coverage	N/A	N/A	N/A
Piotroski F-Score	9/9	0 1 2 3 4 5 6 7 8 9
Altman Z-Score	11.26	Distress Grey Safe
Beneish M-Score	-2.51	Manipulator Not Manipulator
WACC vs ROIC		WACC ROIC

Growth Rank

3/10

	Name	Current	Vs Industry		Vs History
	3-Year Revenue Growth Rate	6.8
	3-Year EBITDA Growth Rate	1.6
	3-Year EPS without NRI Growth Rate	10.3
	3-Year FCF Growth Rate	2.2
	3-Year Book Growth Rate	2.4
	Future 3-5Y EPS without NRI Growth Rate	1.6
	Future 3-5Y Total Revenue Growth Rate	-1.6

Momentum Rank

4/10

	Name	Current	Vs Industry		Vs History

Liquidity Ratio

	Name	Current	Vs Industry		Vs History
	Current Ratio	8.91
	Quick Ratio	6.8
	Cash Ratio	5.48
	Days Inventory	238.9
	Days Sales Outstanding	63.94
	Days Payable	18.24

Dividend & Buy Back

	Name	Current	Vs Industry		Vs History
	3-Year Average Share Buyback Ratio	4.6
	Shareholder Yield %	6.04

Profitability Rank

8/10

	Name	Current	Vs Industry		Vs History
	Gross Margin %	42.08
	Operating Margin %	17.99
	Net Margin %	17
	FCF Margin %	14.17
	ROE %	9.18
	ROA %	8.12
	ROIC %	12.35
	ROC (Joel Greenblatt) %	19.81
	ROCE %	9.42
	Years of Profitability over Past 10-Year	10

GF Value Rank

9/10

	Name	Current	Vs Industry		Vs History
	PE Ratio	18.28
	Forward PE Ratio	24.65
	PE Ratio without NRI	18.29
	Shiller PE Ratio	15.64
	Price-to-Owner-Earnings	32.45
	PS Ratio	3.11
	PB Ratio	1.62
	Price-to-Tangible-Book	1.66
	Price-to-Free-Cash-Flow	21.44
	Price-to-Operating-Cash-Flow	13.47
	EV-to-EBIT	11.81
	EV-to-EBITDA	9.08
	EV-to-Revenue	2.12
	EV-to-Forward-Revenue	2.11
	EV-to-FCF	14.74
	Price-to-Projected-FCF	1.02
	Price-to-Median-PS-Value	0.56
	Price-to-Graham-Number	1.16
	Price-to-Net-Current-Asset-Value	2.4
	Price-to-Net-Cash	4.38
	Earnings Yield (Greenblatt) %	8.47
	FCF Yield %	4.76
	Forward Rate of Return (Yacktman) %	-1.75

GF Value: MXN2592.27

MEX:IPGP

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