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IPG Photonics Corporation

Technology US IPGP

84.59USD
0.22(0.26%)

Last update at 2024-04-18T20:00:00Z

Day Range

84.2385.65
LowHigh

52 Week Range

83.00141.85
LowHigh

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 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
Total assets 2743.28M 3170.54M 2935.70M 2730.44M 2574.45M
Intangible assets 34.12M 52.68M 62.11M 74.27M 87.14M
Earning assets - - - - -
Other current assets 47.05M 73.32M 57.80M 55.88M 57.76M
Total liab 357.92M 423.32M 341.59M 327.99M 368.22M
Total stockholder equity 2385.36M 2746.58M 2592.82M 2401.73M 2205.55M
Deferred long term liab - 93.86M 92.85M 98.12M 80.73M
Other current liab 132.31M 149.81M 113.77M 101.30M 149.28M
Common stock 0.00600M 0.00600M 0.00600M 0.00500M 0.00500M
Capital stock 0.00600M 0.00600M 0.00600M 0.00500M 0.00500M
Retained earnings 2576.52M 2466.61M 2188.19M 2028.73M 1848.50M
Other liab 66.49M 93.86M 92.85M 77.71M 80.73M
Good will 38.33M 38.61M 41.37M 82.09M 100.72M
Other assets 88.44M 96.27M 86.62M 52.95M 33.36M
Cash 698.21M 709.11M 876.23M 680.07M 544.36M
Cash and equivalents - - - - -
Total current liabilities 274.65M 313.43M 214.58M 191.90M 245.78M
Current deferred revenue 80.07M 89.66M 71.25M 59.53M 56.52M
Net debt -682.17800M -674.94800M -838.26400M -638.36200M -498.98000M
Short term debt 16.03M 18.13M 3.81M 3.74M 3.67M
Short long term debt 16.03M 18.13M 3.81M 3.74M 3.67M
Short long term debt total 16.03M 34.16M 37.97M 41.71M 45.38M
Other stockholder equity 13.36M 469.92M 550.69M 519.91M 519.94M
Property plant equipment 596.12M 635.30M 597.53M 600.85M 543.07M
Total current assets 1986.27M 2347.68M 2148.08M 1896.63M 1805.42M
Long term investments - - - 0.60M 4.74M
Net tangible assets 2312.91M 2655.30M 2489.34M 2245.36M 2017.69M
Short term investments 479.37M 805.40M 514.84M 502.55M 500.43M
Net receivables 211.35M 262.12M 264.32M 238.48M 255.51M
Long term debt - 16.03M 34.16M 37.97M 41.71M
Inventory 509.36M 460.75M 364.99M 380.79M 403.58M
Accounts payable 46.23M 55.84M 25.75M 27.33M 36.30M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - 0.64M 1.29M 0.72M 0.69M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -204.52400M -189.95100M -146.06500M -146.91900M -162.89600M
Additional paid in capital - - - - -
Common stock total equity - 0.00600M 0.00600M 0.00500M 0.00500M
Preferred stock total equity - - - - -
Retained earnings total equity - 2466.61M 2188.19M 2028.73M 1848.50M
Treasury stock - -438.50300M -303.61400M -265.73000M -224.99800M
Accumulated amortization - - - - -
Non currrent assets other 28.85M 48.51M 43.42M 45.19M 18.93M
Deferred long term asset charges - - - - -
Non current assets total 757.01M 822.86M 787.62M 833.80M 769.03M
Capital lease obligations 5.23M 5.45M 5.78M 5.30M -
Long term debt total - 16.03M 34.16M 37.97M 41.71M
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
Investments 296.95M -293.06800M -12.33100M 7.78M -294.98200M
Change to liabilities -12.17400M 91.57M -40.03100M -91.50400M 14.12M
Total cashflows from investing activities 296.95M -416.28200M -99.57400M -139.97500M -562.99900M
Net borrowings -18.12600M -3.81000M -3.74000M -3.67100M -3.60400M
Total cash from financing activities -514.54900M -125.06600M -10.08000M -37.06700M -166.64700M
Change to operating activities -52.84800M 36.87M -41.89100M -18.90500M -26.72800M
Net income 110.76M 277.87M 160.34M 180.26M 404.17M
Change in cash -10.89600M -169.44800M 195.57M 138.63M -365.54200M
Begin period cash flow 709.11M 878.55M 682.98M 544.36M 909.90M
End period cash flow 698.21M 709.11M 878.55M 682.98M 544.36M
Total cash from operating activities 212.65M 389.70M 285.33M 323.52M 393.30M
Issuance of capital stock - - - - -
Depreciation 90.56M 96.33M 94.55M 96.27M 80.27M
Other cashflows from investing activities -0.04300M -1.51500M 0.45M -14.21700M -107.67400M
Dividends paid - - - - -
Change to inventory -189.01300M -149.75400M -39.90000M -28.10500M -135.44000M
Change to account receivables 34.10M -2.09100M -13.02200M -0.48100M -20.24000M
Sale purchase of stock -499.50600M -134.88900M -37.88400M -40.73200M -176.06500M
Other cashflows from financing activities 3.08M 13.63M 31.54M 7.34M 13.02M
Change to netincome 246.24M 98.93M 127.20M 138.42M 56.06M
Capital expenditures 110.14M 123.11M 87.70M 133.54M 160.34M
Change receivables - -2.09100M -13.02200M 9.78M -18.81400M
Cash flows other operating - -23.69700M -3.80200M 18.41M -7.06200M
Exchange rate changes - - - - -29.19700M
Cash and cash equivalents changes - -151.64800M 175.68M 146.48M -365.54200M
Change in working capital -202.22100M -83.97400M -96.75500M -91.42800M -147.19600M
Stock based compensation 38.30M 37.86M 35.47M 33.36M 28.03M
Other non cash items 202.82M 68.50M 104.54M 120.55M 32.61M
Free cash flow 102.51M 266.59M 197.64M 189.99M 232.96M

Fundamentals

  • Previous Close 84.37
  • Market Cap5022.12M
  • Volume158617
  • P/E Ratio54.61
  • Dividend Yield5.59%
  • EBITDA258.63M
  • Revenue TTM1322.08M
  • Revenue Per Share TTM27.72
  • Gross Profit TTM 555.41M
  • Diluted EPS TTM1.96

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
0.22 0.26% 84.59 54.61 18.02 3.80 2.11 2.96 15.11
ASMLF
ASML Holding NV
-32.9 3.60% 880.00 35.84 34.36 10.90 22.09 10.98 30.93
ASML
ASML Holding NV ADR
-18.58 2.05% 889.03 35.78 34.01 11.18 21.86 10.98 30.93
AMAT
Applied Materials Inc
-5.57 2.79% 194.32 20.23 19.23 4.92 7.97 4.88 15.29
LRCX
Lam Research Corp
-23.34 2.56% 888.92 26.46 25.51 6.28 12.36 6.27 19.77

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. 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 data center, optical, and communications network of oil and gas utilities. Its laser solutions 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.

IPG Photonics Corporation

50 Old Webster Road, Oxford, MA, United States, 01540

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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