Stock IPGP IPG PHOTONICS CORPORATION
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Financials IPG Photonics Corporation

Equities

IPGP

US44980X1090

Electronic Equipment & Parts

Real-time Estimate Cboe BZX
Other stock markets
 07:56:50 02/05/2024 pm IST 		5-day change 1st Jan Change
84.55 USD +1.20% Intraday chart for IPG Photonics Corporation -5.17% -22.90%
30/04 IPG Photonics Names Mark Gitin as New Chief Executive MT
30/04 Transcript : IPG Photonics Corporation, Q1 2024 Earnings Call, Apr 30, 2024

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 7,691 11,928 9,177 4,612 5,093 3,807 - -
Enterprise Value (EV) 1 6,550 10,575 7,696 3,450 3,915 2,645 2,629 3,807
P/E ratio 43.3 x 75.4 x 33.4 x 43.8 x 23.4 x 31.2 x 19.9 x 13.8 x
Yield - - - - - - - -
Capitalization / Revenue 5.85 x 9.93 x 6.28 x 3.23 x 3.96 x 3.47 x 2.98 x 2.7 x
EV / Revenue 4.98 x 8.81 x 5.27 x 2.41 x 3.04 x 2.41 x 2.06 x 2.7 x
EV / EBITDA 17.5 x 36.1 x 16.6 x 8.71 x 13 x 15.1 x 9.33 x 10.8 x
EV / FCF 34.5 x 53.5 x 28.9 x 33.7 x 21.1 x 18.9 x 20.6 x 22.8 x
FCF Yield 2.9% 1.87% 3.46% 2.97% 4.74% 5.29% 4.86% 4.39%
Price to Book 3.25 x 4.61 x 3.32 x 1.91 x 2.08 x - - -
Nbr of stocks (in thousands) 53,070 53,301 53,309 48,714 46,922 45,568 - -
Reference price 2 144.9 223.8 172.1 94.67 108.5 83.55 83.55 83.55
Announcement Date 13/02/20 16/02/21 15/02/22 14/02/23 13/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,315 1,201 1,461 1,430 1,287 1,096 1,276 1,409
EBITDA 1 374.3 293.2 464.2 396 301.2 174.7 281.8 352.8
EBIT 1 233.8 244.4 367.9 305.5 231.6 103.4 205.3 270.6
Operating Margin 17.78% 20.36% 25.18% 21.37% 17.99% 9.44% 16.09% 19.21%
Earnings before Tax (EBT) 1 248.4 205.7 366.5 183.4 274.9 162.2 253.3 363
Net income 1 180.2 159.6 278.4 109.9 218.9 123 190.6 280
Net margin 13.71% 13.29% 19.06% 7.69% 17% 11.23% 14.94% 19.88%
EPS 2 3.350 2.970 5.160 2.160 4.630 2.679 4.196 6.070
Free Cash Flow 1 190 197.6 266.6 102.5 185.5 139.9 127.8 167
FCF margin 14.45% 16.46% 18.25% 7.17% 14.41% 12.77% 10.01% 11.86%
FCF Conversion (EBITDA) 50.76% 67.4% 57.43% 25.88% 61.59% 80.1% 45.33% 47.34%
FCF Conversion (Net income) 105.41% 123.86% 95.75% 93.27% 84.75% 113.74% 67.01% 59.64%
Dividend per Share 2 - - - - - - - -
Announcement Date 13/02/20 16/02/21 15/02/22 14/02/23 13/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 364.5 370 377 349 333.5 347.2 340 301.4 298.9 252 257.9 282.8 303.2 294.7 306.6
EBITDA 1 109 116.6 95.34 95.08 77.73 93.5 91.79 72.78 46.23 30.21 32.85 49.95 53.75 55.99 60.13
EBIT 1 84.8 93.14 71.68 72.33 57.02 75.61 73.03 55.44 29.29 14 17.81 30.69 34.71 37.68 43.97
Operating Margin 23.27% 25.18% 19.01% 20.73% 17.09% 21.78% 21.48% 18.39% 9.8% 5.55% 6.91% 10.85% 11.45% 12.79% 14.34%
Earnings before Tax (EBT) 1 84.52 92.84 73.47 97.09 -80.04 83.29 81.61 67.82 42.15 33.6 31.53 44.9 52.87 51.39 57.55
Net income 1 65.09 69.57 56.97 76.26 -92.9 60.14 62.32 54.99 41.43 24.1 23.09 35.9 40.36 38.54 43.16
Net margin 17.86% 18.8% 15.11% 21.85% -27.85% 17.32% 18.33% 18.25% 13.86% 9.56% 8.95% 12.69% 13.31% 13.08% 14.07%
EPS 2 1.210 1.310 1.100 1.470 -1.910 1.260 1.310 1.160 0.8900 0.5200 0.5043 0.7829 0.8829 0.8517 0.9550
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 15/02/22 03/05/22 02/08/22 01/11/22 14/02/23 02/05/23 01/08/23 31/10/23 13/02/24 30/04/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 1,141 1,353 1,480 1,162 1,177 1,162 1,178 -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 190 198 267 103 186 140 128 167
ROE (net income / shareholders' equity) 9.21% 6.39% 10.4% 8.05% 9.15% 4.94% 7.65% 7.81%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 44.60 48.50 51.80 49.60 52.10 - - -
Cash Flow per Share 2 6.010 5.310 7.230 4.180 6.260 4.290 3.980 -
Capex 1 134 87.7 123 110 110 111 107 160
Capex / Sales 10.16% 7.3% 8.43% 7.7% 8.58% 10.15% 8.41% 11.36%
Announcement Date 13/02/20 16/02/21 15/02/22 14/02/23 13/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for IPG Photonics Corporation

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
10
Last Close Price
83.55 USD
Average target price
105.7 USD
Spread / Average Target
+26.56%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Electronic Component
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