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IPG Photonics Corporation

Technology US IPGP

73.4USD
0.66(0.91%)

Last update at 2024-11-20T20:40:00Z

Day Range

71.3773.40
LowHigh

52 Week Range

80.33141.85
LowHigh

Fundamentals

  • Previous Close 72.74
  • Market Cap3815.88M
  • Volume150121
  • P/E Ratio22.04
  • Dividend Yield-%
  • EBITDA240.56M
  • Revenue TTM1192.27M
  • Revenue Per Share TTM25.50
  • Gross Profit TTM 555.41M
  • Diluted EPS TTM3.80

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 183.35M 366.48M 205.69M 248.38M 534.39M
Minority interest -0.85300M 0.55M 0.77M 0.03M 0.14M
Net income 109.91M 278.42M 159.57M 180.23M 404.03M
Selling general administrative 131.25M 125.88M 110.00M 107.60M 102.43M
Selling and marketing expenses 76.64M 78.18M 70.58M 77.75M 57.81M
Gross profit 555.41M 696.40M 539.00M 606.21M 800.27M
Reconciled depreciation 90.56M 96.33M 94.55M 96.27M 80.27M
Ebit 293.31M 367.88M 198.66M 347.95M 511.11M
Ebitda 383.87M 433.97M 358.92M 444.21M 591.38M
Depreciation and amortization 90.56M 66.09M 160.26M 96.27M 80.27M
Non operating income net other - 0.44M 0.76M 0.34M 1.93M
Operating income 293.31M 367.88M 198.66M 347.95M 523.40M
Other operating expenses 1198.14M 1108.10M 969.21M 1023.71M 942.62M
Interest expense 12.62M 1.84M 59.44M 14.24M 0.00000M
Tax provision 72.59M 88.61M 45.35M 68.11M 130.23M
Interest income - - 6.27M 14.24M 9.06M
Net interest income 12.62M -1.83900M 6.27M 14.24M 9.06M
Extraordinary items - - - - -12.75400M
Non recurring - - 45.77M 44.25M -
Other items - - - - -
Income tax expense 72.59M 88.61M 45.35M 68.11M 130.23M
Total revenue 1429.55M 1460.86M 1200.72M 1314.58M 1459.87M
Total operating expenses 324.01M 343.63M 307.49M 315.34M 283.01M
Cost of revenue 874.13M 764.46M 661.73M 708.37M 659.61M
Total other income expense net -109.95500M -1.40200M 7.03M -99.57100M 8.08M
Discontinued operations - - - - -
Net income from continuing ops 110.76M 277.87M 160.34M 180.26M 404.17M
Net income applicable to common shares 109.91M 278.42M 159.57M 180.23M 404.03M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 2698.90M 2743.28M 3170.54M 2935.70M 2730.44M
Intangible assets 26.23M 34.12M 52.68M 62.11M 74.27M
Earning assets - - - - -
Other current assets 64.25M 47.05M 73.32M 57.80M 55.88M
Total liab 283.51M 357.92M 423.32M 341.59M 327.99M
Total stockholder equity 2415.39M 2385.36M 2746.58M 2592.82M 2401.73M
Deferred long term liab - - 93.86M 92.85M 98.12M
Other current liab 112.43M 132.31M 149.81M 113.77M 101.30M
Common stock 0.00600M 0.00600M 0.00600M 0.00600M 0.00500M
Capital stock 0.00600M 0.00600M 0.00600M 0.00600M 0.00500M
Retained earnings 2795.39M 2576.52M 2466.61M 2188.19M 2028.73M
Other liab - 66.49M 93.86M 92.85M 77.71M
Good will 38.54M 38.33M 38.61M 41.37M 82.09M
Other assets - 88.44M 96.27M 86.62M 52.95M
Cash 514.67M 698.21M 709.11M 876.23M 680.07M
Cash and equivalents - - - - -
Total current liabilities 214.86M 274.65M 313.43M 214.58M 191.90M
Current deferred revenue 69.22M 80.07M 89.66M 71.25M 59.53M
Net debt -496.41300M -682.17800M -674.94800M -838.26400M -638.36200M
Short term debt 4.60M 16.03M 18.13M 3.81M 3.74M
Short long term debt - 16.03M 18.13M 3.81M 3.74M
Short long term debt total 18.26M 16.03M 34.16M 37.97M 41.71M
Other stockholder equity -167.48500M 13.36M 469.92M 550.69M 519.91M
Property plant equipment - 596.12M 635.30M 597.53M 600.85M
Total current assets 1914.65M 1986.27M 2347.68M 2148.08M 1896.63M
Long term investments - - - - 0.60M
Net tangible assets - 2312.91M 2655.30M 2489.34M 2245.36M
Short term investments 662.81M 479.37M 805.40M 514.84M 502.55M
Net receivables 219.05M 211.35M 262.12M 264.32M 238.48M
Long term debt - - 16.03M 34.16M 37.97M
Inventory 453.87M 509.36M 460.75M 364.99M 380.79M
Accounts payable 28.62M 46.23M 55.84M 25.75M 27.33M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - 0.64M 1.29M 0.72M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -212.53000M -204.52400M -189.95100M -146.06500M -146.91900M
Additional paid in capital - - - - -
Common stock total equity - - 0.00600M 0.00600M 0.00500M
Preferred stock total equity - - - - -
Retained earnings total equity - - 2466.61M 2188.19M 2028.73M
Treasury stock - - -438.50300M -303.61400M -265.73000M
Accumulated amortization - - - - -
Non currrent assets other 28.43M 28.85M 48.51M 43.42M 45.19M
Deferred long term asset charges - - - - -
Non current assets total 784.24M 757.01M 822.86M 787.62M 833.80M
Capital lease obligations 18.26M 5.23M 5.45M 5.78M 5.30M
Long term debt total - - 16.03M 34.16M 37.97M
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Investments -273.50900M 296.95M -293.06800M -12.33100M 7.78M
Change to liabilities - -12.17400M 91.57M -40.03100M -91.50400M
Total cashflows from investing activities - 296.95M -416.28200M -99.57400M -139.97500M
Net borrowings - -18.12600M -3.81000M -3.74000M -3.67100M
Total cash from financing activities -236.38000M -514.54900M -125.06600M -10.08000M -37.06700M
Change to operating activities - -52.84800M 36.87M -41.89100M -18.90500M
Net income 218.88M 110.76M 277.87M 160.34M 180.26M
Change in cash -183.53500M -10.89600M -169.44800M 195.57M 138.63M
Begin period cash flow 698.21M 709.11M 878.55M 682.98M 544.36M
End period cash flow 514.67M 698.21M 709.11M 878.55M 682.98M
Total cash from operating activities 295.99M 212.65M 389.70M 285.33M 323.52M
Issuance of capital stock - - - - -
Depreciation 69.62M 90.56M 96.33M 94.55M 96.27M
Other cashflows from investing activities - -0.04300M -1.51500M 0.45M -14.21700M
Dividends paid 236.38M 5.58M 16.26M 33.19M 7.34M
Change to inventory 1.82M -189.01300M -149.75400M -39.90000M -28.10500M
Change to account receivables -10.39500M 34.10M -2.09100M -13.02200M -0.48100M
Sale purchase of stock -223.49600M -499.50600M -134.88900M -37.88400M -40.73200M
Other cashflows from financing activities 236.38M 3.08M 13.63M 31.54M 7.34M
Change to netincome - 246.24M 98.93M 127.20M 138.42M
Capital expenditures 110.48M 110.14M 123.11M 87.70M 133.54M
Change receivables - - -2.09100M -13.02200M 9.78M
Cash flows other operating - - -23.69700M -3.80200M 18.41M
Exchange rate changes - - - - -
Cash and cash equivalents changes - - -151.64800M 175.68M 146.48M
Change in working capital -54.55600M -202.22100M -83.97400M -96.75500M -91.42800M
Stock based compensation 39.50M 38.30M 37.86M 35.47M 33.36M
Other non cash items 36.33M 202.82M 68.50M 104.54M 120.55M
Free cash flow 185.50M 102.51M 266.59M 197.64M 189.99M

Peer Comparison

Sector: Technology Industry: Semiconductor Equipment & Materials

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
IPGP
IPG Photonics Corporation
0.66 0.91% 73.40 22.04 25.00 3.07 1.64 2.17 9.28
ASML
ASML Holding NV ADR
-6.56 0.99% 655.60 49.01 44.05 13.98 26.27 13.85 38.25
ASMLF
ASML Holding NV
-15.0 2.24% 655.00 35.84 34.36 10.90 22.09 10.98 30.93
AMAT
Applied Materials Inc
0.32 0.19% 169.63 25.44 25.19 6.52 9.91 6.46 19.50
LRCX
Lam Research Corp
-0.07 0.10% 70.10 35.59 26.25 8.76 15.26 8.72 27.97

Reports Covered

Stock Research & News

Profile

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. Its 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. The company also offers integrated laser systems; LightWELD, a handheld laser welding system; 2D compact flat sheet cutter systems and multi-axis systems for fine welding, cutting, and drilling; welding seam stepper and picker, a fiber laser welding tool; high precision laser systems; specialized fiber laser systems for material processing applications; robotic and multi-axis workstations for welding, cutting and cladding, flatbed cutting systems, and diode markers; and laser and non-laser robotic welding and automation solutions. It serves materials processing, communications, medical procedures, and advanced applications and communications markets. 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 Marlborough, Massachusetts.

IPG Photonics Corporation

377 Simarano Drive, Marlborough, MA, United States, 01752

Key Executives

Name Title Year Born
Dr. Eugene A. Scherbakov Ph.D. CEO & Director 1948
Mr. Timothy P. V. Mammen Sr. VP & CFO 1970
Mr. Felix I. Stukalin Sr. VP, COO & Director 1962
Dr. Alexander Ovtchinnikov Ph.D. Sr. VP & CTO 1961
Mr. Angelo P. Lopresti II Sr. VP, Gen. Counsel & Sec. 1964
Mr. Thomas J. Burgomaster VP, Corp. Controller, Treasurer & Chief Accounting Officer NA
Eugene Fedotoff Director of Investor Relations NA
Mr. Trevor D. Ness Sr. VP of Sales & Strategic Bus. Devel. 1973
John Weaver VP of HR Worldwide NA
Dr. Nikolai Platonov Principal Scientist and Department Head 1957

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