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IPGP

89.16USD-2.03(-2.23%)Market Closed

IPG Photonics Corp

Market Summary

USD89.16-2.03Market Closed
-2.23%

IPGP Stock Price

RSI Chart

Valuation

Market Cap

4.4B

Price/Earnings

16.43

Price/Sales

2.94

Price/Cashflow

15.57

MarketCap/EBT

12.45

Price/Sales

Profitability

Operating Margin

46.70%

EBT Margin

23.64%

Return on Equity

10.12%

Return on Assets

8.76%

Fundamentals

Revenue

Revenue (TTM)

1.5B

Revenue Y/Y

-7.95%

Revenue Q/Q

-7.43%

Earnings

Earnings (TTM)

267.9M

Earnings Y/Y

1.14%

Earnings Q/Q

33.87%

Price Action

52 Week Range

79.88176.63
(Low)(High)

Last 7 days

0.1%

Last 30 days

2.1%

Last 90 days

-2.4%

Trailing 12 Months

-43.5%

Financial Health

Current Ratio

6.87

Debt/Equity

0.01

Debt/Cashflow

10.8

Investor Care

Buy Backs (1Y)

8.62%

Diluted EPS (TTM)

5.09

Peers (Alternatives to IPG Photonics)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
45.5B
12.4B
1.82% -3.87%
24.44
3.66
20.78% 25.42%
31.8B
5.3B
-2.29% -9.29%
28.69
6.03
8.30% 33.53%
14.9B
5.7B
-6.60% -54.46%
30.01
2.57
5.07% -44.62%
MID-CAP
9.0B
28.6B
4.21% 17.03%
9.78
0.33
11.84% -17.58%
8.9B
33.5B
5.72% 15.51%
8.89
0.26
14.32% 43.10%
8.2B
1.1B
3.18% -35.97%
31.58
7.52
10.49% -14.99%
6.7B
1.3B
7.08% -16.00%
33.47
5.32
-2.14% -40.66%
4.4B
1.5B
2.06% -43.49%
16.43
2.94
1.92% 1.99%
3.3B
7.3B
14.26% 74.49%
13.34
0.45
4.93% -4.79%
2.7B
3.8B
7.25% 23.55%
22.6
0.78
13.14% -0.48%
SMALL-CAP
1.4B
1.2B
8.37% -2.76%
12.83
1.18
0.07% 28.38%
988.0M
2.8B
-0.39% 19.04%
20.3
0.38
29.17% 91.42%
515.0M
252.8M
-9.72% -59.17%
-14.89
1.94
-5.80% -59.89%
501.9M
1.5B
9.57% -1.02%
16.06
0.37
16.76% -10.22%
30.9M
33.8M
10.52% -38.83%
-8.71
0.87
-11.13% -9.61%

Financials for IPG Photonics

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-2.0%1,4601,4911,4851,4611,433
Cost Of Revenue0.7%800795781764756
Gross Profit-5.1%661696704696677
Operating Expenses-7.7%318344332329329
  S&GA Expenses-1.6%7879807876
  R&D Expenses-6.5%126135140140135
Earnings Before Taxes-1.2%348352371366348
Net Income0.3%268267280278263
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-2.8%2,9633,0493,0983,1713,144
  Current Assets-2.4%2,1192,1712,2832,3482,325
    Cash Equivalents12.6%869772643709795
  Inventory-0.2%556557485461435
  Net PPE-2.8%662680625635625
  Goodwill-3.4%3839403939
Liabilities-6.5%382408390423404
  Current Liabilities-6.4%296316280313293
    LT Debt, Current-49.3%1632171819
    LT Debt, Non CurrentNaN%--161616
Shareholder's Equity-2.2%2,5812,6392,7072,7472,739
  Retained Earnings2.9%2,6692,5932,5362,4672,402
  Additional Paid-In Capital0.9%939931918908894
Shares Outstanding-1.6%4950535353
Minority Interest-100.0%-1110
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-9.3%256282319390390
  Share Based Compensation-2.8%3940393838
Cashflow From Investing100.6%296148-353.12-416.28-308.32
Cashflow From Financing-13.2%-453.81-400.83-203.87-125.07-56.63
  Buy Backs8.6%44040521113578

Risks

What is the probability of a big loss on IPGP?

83.5%


Probability that IPG Photonics stock will be more than 20% underwater in next one year

71.9%


Probability that IPG Photonics stock will be more than 30% underwater in next one year.

35.8%


Probability that IPG Photonics stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does IPGP drawdown profile look like?

Y-axis is the maximum loss one would have experienced if IPG Photonics was unfortunately bought at previous high price.

Returns

Cumulative Returns on IPGP

4.3%


10-Year Cumulative Returns

-0.3%


7-Year Cumulative Returns

-17.1%


5-Year Cumulative Returns

-14.4%


3-Year Cumulative Returns

What are the long-term rolling returns for IPGP?

FIve years rolling returns for IPG Photonics.

Which funds bought or sold IPGP recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Eagle Bay Advisors LLC
REDUCED
-45.05
-10,896
10,000
0.01%
2022-11-22
B. Riley Wealth Advisors, Inc.
REDUCED
-36.78
-162,000
212,000
0.01%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
597,000
597,000
0.01%
2022-11-22
CVA Family Office, LLC
UNCHANGED
-
-
2,000
-%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-3.61
-593,000
3,762,000
0.01%
2022-11-17
M&T Bank Corp
SOLD OFF
-100
-225,000
-
-%
2022-11-16
Retirement Systems of Alabama
REDUCED
-5.24
-651,000
3,659,000
0.02%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
SOLD OFF
-100
-87,000
-
-%
2022-11-15
JACOBS LEVY EQUITY MANAGEMENT, INC
ADDED
965.49
3,190,000
3,563,000
0.03%
2022-11-15
Clearstead Advisors, LLC
SOLD OFF
-100
-9,000
-
-%

1–10 of 46

Latest Funds Activity

Are funds buying IPGP calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own IPGP

IPG Photonics News

Marketscreener.com

As The Laser Industry Grows, Could This Company Cut A Clean Path To The Top?.7 days ago

IPGP Fair Value

IPG Photonics fair value in different scenarios

The table shows the Fair Value estimates for IPG Photonics for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

52.72

-40.87%

69.75

-21.77%

94.89

6.43%

147.44

65.37%

222.28

149.30%

Current Inflation

50.43

-43.44%

64.70

-27.43%

85.72

-3.86%

130.70

46.59%

194.26

117.88%

Very High Inflation

47.49

-46.74%

58.54

-34.34%

74.92

-15.97%

111.23

24.75%

161.96

81.65%

Historical IPG Photonics Fair Value Estimates


Recent SEC filings of IPG Photonics

View All Filings
Date Filed Form Type Document
Nov 10, 2022
8-K
Current Report
Nov 01, 2022
10-Q
Quarterly Report
Nov 01, 2022
8-K
Current Report
Sep 23, 2022
4
Insider Trading
Sep 16, 2022
4
Insider Trading
Sep 14, 2022
4
Insider Trading
Sep 09, 2022
4
Insider Trading
Sep 09, 2022
8-K
Current Report
Sep 02, 2022
4
Insider Trading
Aug 26, 2022
4
Insider Trading

Latest Insider Trading transactions for IPGP

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-09-21
Valentin Gapontsev Trust I
SOLD
-445,420
89.084
-5,000
-
2022-09-14
Valentin Gapontsev Trust I
SOLD
-438,592
87.7184
-5,000
-
2022-09-07
Valentin Gapontsev Trust I
SOLD
-440,719
88.1438
-5,000
-
2022-08-31
Valentin Gapontsev Trust I
SOLD
-457,954
91.5909
-5,000
-
2022-08-24
Valentin Gapontsev Trust I
SOLD
-478,384
95.6768
-5,000
-
2022-08-17
Valentin Gapontsev Trust I
SOLD
-497,667
99.5334
-5,000
-
2022-08-10
Valentin Gapontsev Trust I
SOLD
-508,850
101.77
-5,000
-
2022-08-03
Valentin Gapontsev Trust I
SOLD
-514,834
102.967
-5,000
-
2022-06-16
Mammen Timothy PV
BOUGHT
250,620
83.54
3,000
SVP, Chief Financial Officer
2022-05-24
Meurice Eric
SOLD (Taxes)
-10,357.2
95.02
-109
-

1–10 of 50

Eugene A. Shcherbakov
6580
IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories. It also provides erbium-doped fiber and Raman amplifiers, and integrated communications systems, which are deployed in broadband networks; and ytterbium and thulium specialty fiber amplifiers and broadband light sources. In addition, the company offers integrated laser systems; 2D compact flat sheet cutter systems and multi-axis systems; welding seam stepper and picker, a fiber laser welding tool; high precision laser systems; specialized fiber laser systems; and optical transceiver and transponder modules for interconnecting electronic equipment, including Ethernet switches, IP routers and DWDM/SONET/SDH optical transport modules within telecommunications, cable multi-system operators, and data center networking applications. It's lasers and amplifiers are also used in materials processing, communications, and medical and advanced applications. The company markets its products to original equipment manufacturers, system integrators, and end users through direct sales force, as well as through agreements with independent sales representatives and distributors. IPG Photonics Corporation was founded in 1990 and is headquartered in Oxford, Massachusetts.

IPGP Income Statement

2022-09-30
Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Net sales$ 349,006$ 379,150$ 1,096,008$ 1,096,393
Cost of sales198,582193,276601,419566,000
Gross profit150,424185,874494,589530,393
Operating expenses:    
Sales and marketing19,38320,68858,76758,764
Research and development25,43634,27789,494102,807
General and administrative33,81332,55797,88893,715
Gain on divestiture(21,748)0(21,748)0
Impairment of long-lived assets and other restructuring charges91909190
(Gain) loss on foreign exchange(541)(3,634)11,289(7,973)
Total operating expenses57,26283,888236,609247,313
Operating income93,162101,986257,980283,080
Other income (expense), net:    
Interest income (expense), net3,625(288)4,732(1,190)
Other income (expense), net301(211)68370
Total other income (expense)3,926(499)5,415(1,120)
Income before provision for income taxes97,088101,487263,395281,960
Provision for income taxes20,39026,78859,73869,362
Net income76,69874,699203,657212,598
Less: net income (loss) attributable to non-controlling interests434(703)853(731)
Net income attributable to IPG Photonics Corporation common stockholders$ 76,264$ 75,402$ 202,804$ 213,329
Net income attributable to IPG Photonics Corporation per common share:    
Basic (in dollars per share)$ 1.48$ 1.41$ 3.94$ 3.99
Diluted (in dollars per share)$ 1.47$ 1.40$ 3.93$ 3.95
Weighted average common shares outstanding:    
Basic (in shares)51,628,70153,387,17551,449,36753,500,507
Diluted (in shares)51,736,99053,833,75251,625,93254,053,343

IPGP Balance Sheet

2022-09-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 869,274$ 709,105
Short-term investments365,409805,400
Accounts receivable, net195,194262,121
Inventories555,537460,747
Prepaid income taxes49,49636,990
Prepaid expenses and other current assets84,17773,320
Total current assets2,119,0872,347,683
Deferred income taxes, net69,32347,761
Goodwill37,96338,609
Intangible assets, net36,17152,678
Property, plant and equipment, net661,510635,302
Other assets38,46648,507
Total assets2,962,5203,170,540
Current liabilities:  
Current portion of long-term debt16,32818,126
Accounts payable55,07255,839
Accrued expenses and other current liabilities199,636230,826
Income taxes payable24,7528,642
Total current liabilities295,788313,433
Other long-term liabilities and deferred income taxes86,22393,855
Long-term debt, net of current portion016,031
Total liabilities382,011423,319
Commitments and contingencies (Note 12)
IPG Photonics Corporation equity:  
Common stock, $0.0001 par value, 175,000,000 shares authorized; 55,974,063 and 49,393,642 shares issued and outstanding, respectively, at September 30, 2022; 55,788,246 and 53,010,265 shares issued and outstanding, respectively, at December 31, 2021.66
Treasury stock, at cost, 6,580,421 and 2,777,981 shares held at September 30, 2022 and December 31, 2021, respectively.(821,388)(438,503)
Additional paid-in capital939,040908,423
Retained earnings2,669,4112,466,607
Accumulated other comprehensive loss(206,560)(189,951)
Total IPG Photonics Corporation equity2,580,5092,746,582
Non-controlling interests0639
Total equity2,580,5092,747,221
Total liabilities and equity$ 2,962,520$ 3,170,540