$6.3 B

IPGP Mkt cap, 14-Dec-2018

$356.3 M

IPG Photonics Revenue Q3, 2018
IPG Photonics Gross profit (Q3, 2018)195.2 M
IPG Photonics Gross profit margin (Q3, 2018), %54.8%
IPG Photonics Net income (Q3, 2018)100.8 M
IPG Photonics EBIT (Q3, 2018)123.9 M
IPG Photonics Cash, 30-Sep-2018647.6 M
IPG Photonics EV5.7 B

IPG Photonics Revenue Breakdown

Embed Graph

IPG Photonics revenue breakdown by business segment: 94.6% from Materials Processing and 5.4% from Other

IPG Photonics revenue breakdown by geographic segment: 44.1% from China, 11.7% from North America, 9.3% from Other Asia and Australia, 5.7% from Japan, 20.6% from Other Europe including Eastern Europe/CIS, 8.1% from Germany and 0.4% from Other

IPG Photonics Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

769.8m901.3m1.0b1.4b

Revenue growth, %

19%17%12%40%

Cost of goods sold

409.4m453.9m612.0m

Gross profit

491.9m552.2m796.9m

Gross profit Margin, %

55%55%57%

Sales and marketing expense

31.9m38.4m49.8m

R&D expense

63.3m78.6m100.9m

General and administrative expense

57.2m66.5m80.7m

Operating expense total

149.8m187.9m245.8m

EBIT

283.8m342.0m364.3m551.1m

EBIT margin, %

37%38%36%39%

Interest expense

301.0k

Interest income

1.3m737.0k

Pre tax profit

341.6m366.6m551.9m

Income tax expense

99.6m105.8m204.3m

Net Income

200.4m242.0m260.7m347.6m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

235.1m243.5m207.2m252.8m266.0m285.8m369.4m392.6m359.9m773.5m356.3m

Cost of goods sold

106.4m110.2m92.8m115.1m121.2m128.6m163.1m168.1m156.5m335.1m161.2m

Gross profit

128.7m133.3m114.4m137.7m144.8m157.3m206.3m224.6m203.4m438.3m195.2m

Gross profit Margin, %

55%55%55%54%54%55%56%57%57%57%55%

Sales and marketing expense

8.0m7.7m8.0m9.7m10.5m10.8m12.1m13.4m13.5m28.1m13.5m

R&D expense

15.1m16.2m17.5m18.4m20.5m22.8m26.0m25.5m28.5m60.4m30.9m

General and administrative expense

15.0m14.7m13.9m16.2m16.8m17.7m19.9m21.5m25.5m49.6m25.2m

Operating expense total

41.3m43.7m44.4m42.7m50.7m55.8m65.2m64.3m62.3m134.8m71.3m

EBIT

87.4m89.6m70.0m95.0m94.1m101.5m141.1m160.2m141.1m303.5m123.9m

EBIT margin, %

37%37%34%38%35%36%38%41%39%39%35%

Interest expense

112.0k40.0k125.0k

Interest income

192.0k270.0k373.0k311.0k1.0m3.9m

Pre tax profit

87.5m89.7m70.2m95.4m94.7m101.3m141.6m160.6m141.9m305.4m128.2m

Income tax expense

(26.2m)(26.9m)(20.9m)(28.4m)(25.4m)(26.3m)(37.5m)(45.0m)(35.5m)(77.4m)(27.4m)

Net Income

42.3m40.5m48.3m55.2m57.3m61.2m62.8m49.3m67.0m69.2m74.9m104.1m115.6m106.3m228.0m100.8m

IPG Photonics Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

448.8m522.2m582.5m623.9m909.9m

Accounts Receivable

103.8m143.1m150.5m155.9m237.3m

Prepaid Expenses

41.3m47.9m

Inventories

172.7m171.0m203.7m239.0m307.7m

Current Assets

786.3m893.8m1.1b1.3b1.8b

PP&E

252.2m275.1m288.6m379.4m460.2m

Goodwill

455.0k455.0k505.0k19.8m55.8m

Total Assets

1.8b2.4b

Accounts Payable

18.8m17.1m26.3m28.0m35.1m

Short-term debt

1.3m13.3m2.0m3.2m3.6m

Current Liabilities

100.1m122.1m145.0m158.3m198.9m

Long-term debt

11.3m19.7m17.7m37.6m45.4m

Total Debt

12.7m33.0m19.7m40.8m49.0m

Total Liabilities

232.3m344.9m

Common Stock

5.0k5.0k

Additional Paid-in Capital

538.9m567.6m607.6m651.0m704.7m

Retained Earnings

390.8m591.2m833.4m1.1b1.4b

Total Equity

1.3b1.6b2.0b

Debt to Equity Ratio

0 x0 x0 x

Debt to Assets Ratio

0 x0 x

Financial Leverage

1.1 x1.2 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

398.4m480.6m483.4m487.5m541.5m571.5m651.2m613.7m587.3m645.6m697.8m808.1m880.3m969.1m816.8m647.6m

Accounts Receivable

120.6m107.6m124.1m136.6m149.8m169.8m154.8m146.5m151.5m162.7m180.2m237.3m226.8m235.5m242.1m251.6m

Inventories

171.3m170.6m178.9m179.5m174.1m190.8m197.6m226.9m241.3m242.4m261.9m260.7m282.5m356.4m376.0m397.4m

Current Assets

749.2m825.1m854.1m863.3m931.0m1.0b1.1b1.2b1.2b1.3b1.4b1.5b1.6b1.9b1.8b1.9b

PP&E

236.5m249.4m268.1m271.3m274.1m288.6m286.5m309.2m350.4m367.5m395.9m389.9m441.5m483.9m514.8m529.2m

Goodwill

455.0k455.0k455.0k455.0k519.0k516.0k508.0k502.0k20.5m20.1m19.8m28.7m51.1m55.7m59.6m56.8m

Total Assets

2.5b2.6b

Accounts Payable

14.3m18.6m15.1m19.0m15.9m21.5m20.9m20.3m20.4m17.9m25.4m29.0m34.3m33.4m43.0m29.5m

Short-term debt

1.3m1.3m12.0m11.7m13.0m2.0m2.0m2.0m3.2m3.2m3.2m1.2m3.6m3.6m3.6m3.7m

Current Liabilities

105.8m103.3m113.2m128.0m123.1m125.8m148.9m150.7m135.0m155.6m157.7m156.8m182.2m195.6m210.3m218.0m

Long-term debt

11.7m11.0m19.2m18.7m18.2m17.2m39.2m38.4m36.8m21.4m46.3m44.5m43.6m42.6m

Total Debt

13.0m12.3m12.0m11.7m32.2m20.7m20.2m19.2m42.4m41.6m40.0m22.6m49.9m48.1m47.2m46.3m

Total Liabilities

134.1m135.7m134.5m148.7m168.7m170.8m192.3m203.1m206.1m224.3m236.3m226.2m287.0m352.6m358.3m355.3m

Additional Paid-in Capital

526.5m544.4m551.9m556.4m580.9m591.7m597.8m616.2m629.7m635.8m668.0m681.3m693.3m714.3m729.1m738.3m

Retained Earnings

354.2m431.3m479.6m534.8m648.6m709.9m772.7m882.7m949.7m1.0b1.2b1.3b1.4b1.6b1.7b1.8b

Total Equity

1.1b1.2b1.2b1.3b1.4b1.5b1.7b1.8b2.0b2.2b

Debt to Equity Ratio

0 x0 x0 x0 x0 x0 x0 x0 x0 x

Debt to Assets Ratio

0 x0 x

Financial Leverage

1.2 x

IPG Photonics Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

155.8m200.4m242.0m260.7m347.6m

Depreciation and Amortization

31.5m35.6m42.4m51.5m64.6m

Accounts Receivable

(10.0m)(49.0m)(19.0m)(11.4m)(63.2m)

Inventories

(50.0m)(42.0m)(70.6m)(53.6m)(71.1m)

Accounts Payable

974.0k3.3m9.8m(407.0k)2.3m

Cash From Operating Activities

119.4m180.1m263.5m297.7m405.4m

Purchases of PP&E

(70.9m)(88.6m)(70.1m)(127.0m)(126.5m)

Cash From Investing Activities

(75.9m)(90.1m)(181.6m)(274.4m)(170.8m)

Long-term Borrowings

(13.3m)(2.6m)(19.8m)

Cash From Financing Activities

14.1m11.5m(1.5m)27.4m(3.4m)

Net Change in Cash

60.4m41.3m286.0m

Interest Paid

208.0k253.0k873.0k942.0k2.6m

Income Taxes Paid

89.6m73.5m91.3m127.0m155.6m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

119.2m40.5m88.8m144.0m57.3m118.6m181.3m49.3m116.4m185.6m74.9m179.0m294.6m106.3m228.0m328.7m

Depreciation and Amortization

23.4m8.1m17.1m26.4m9.7m20.2m31.1m11.4m23.7m37.6m14.5m29.7m46.4m19.2m38.7m58.9m

Accounts Receivable

(26.9m)(4.4m)(20.7m)(37.9m)(11.9m)(31.7m)(20.0m)8.1m2.9m(10.9m)(22.8m)(73.6m)(56.4m)7.9m(9.5m)(26.1m)

Inventories

(43.7m)(3.9m)(15.0m)(30.2m)(13.9m)(33.2m)(52.2m)(19.4m)(34.7m)(42.8m)(22.4m)(25.8m)(39.7m)(49.7m)(91.0m)(122.1m)

Accounts Payable

(2.0m)516.0k(2.7m)1.3m(1.2m)4.4m4.5m(6.7m)(8.4m)(9.8m)(1.6m)1.9m3.4m1.1m9.5m(1.3m)

Cash From Operating Activities

61.0m43.4m76.9m124.1m52.0m101.4m194.6m64.0m105.3m193.0m50.8m133.1m296.9m99.7m208.6m280.3m

Purchases of PP&E

(48.3m)(11.5m)

Cash From Investing Activities

(53.2m)(11.3m)(45.5m)(74.2m)(18.8m)(37.3m)(55.4m)(44.7m)(137.6m)(166.9m)20.4m44.7m(93.3m)(39.4m)(228.3m)(416.9m)

Cash From Financing Activities

3.4m871.0k4.6m4.6m6.5m2.1m1.2m3.0m33.4m29.6m(3.7m)(25.4m)5.2m(17.9m)(42.2m)(102.1m)

Interest Paid

190.0k102.0k223.0k302.0k293.0k533.0k688.0k171.0k349.0k623.0k447.0k975.0k2.0m799.0k1.7m2.4m

Income Taxes Paid

74.1m20.9m41.5m56.7m11.9m44.7m65.4m12.0m66.5m92.5m31.4m81.0m118.7m19.5m64.5m94.8m

IPG Photonics Ratios

USDY, 2018

EV/EBIT

46 x

EV/CFO

20.3 x

Financial Leverage

1.2 x
Report incorrect company information

IPG Photonics Operating Metrics

IPG Photonics's Backlog was reported to be $413.9m in FY, 2016.
FY, 2014FY, 2015FY, 2016

Backlog

$321 m$442.50 m$413.90 m

Countries

14 15 16

Patent Applications

260 320 380

Patents Issued

170 200 240
Report incorrect company information

IPG Photonics Employee Rating

3.176 votes
Culture & Values
3.2
Work/Life Balance
3.2
Senior Management
3.4
Salary & Benefits
3.5
Career Opportunities
3.7
Source