Company Valuation: IPG Photonics Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 9,177 4,612 5,093 3,145 3,016 3,558 - -
Change - -49.74% 10.43% -38.25% -4.1% 17.98% - -
Enterprise Value (EV) 1 7,696 3,450 3,915 2,215 3,016 2,709 2,678 3,558
Change - -55.17% 13.48% -43.43% 36.18% -10.17% -1.14% 32.85%
P/E 33.4x 43.8x 23.4x -17.8x 98.1x 75.8x 39.6x 27.5x
PBR 3.32x 1.91x 2.08x 1.53x - 1.64x - -
PEG - -0.8x 0x 0x -1x 1.5x 0.4x 0.6x
Capitalization / Revenue 6.28x 3.23x 3.96x 3.22x 3x 3.17x 2.91x 2.51x
EV / Revenue 5.27x 2.41x 3.04x 2.27x 3x 2.41x 2.19x 2.51x
EV / EBITDA 16.6x 8.71x 13x 29.2x 21.2x 17.1x 13.5x 14.5x
EV / EBIT 20.9x 11.3x 16.9x 153x 230x 79x 27.4x 24x
EV / FCF 28.9x 33.7x 21.1x 14.8x -873x 40.5x 41.5x -
FCF Yield 3.46% 2.97% 4.74% 6.74% -0.11% 2.47% 2.41% -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 5.16 2.16 4.63 -4.09 0.73 1.103 2.112 3.038
Distribution rate - - - - - - - -
Net sales 1 1,461 1,430 1,287 977.1 1,004 1,123 1,224 1,418
EBITDA 1 464.2 396 301.2 75.92 142.4 158.7 198.9 244.9
EBIT 1 367.9 305.5 231.6 14.48 13.1 34.31 97.65 148
Net income 1 278.4 109.9 218.9 -181.5 31.1 46.96 93.35 125.3
Net Debt 1 -1,480 -1,162 -1,177 -930.2 - -849 -880 -
Reference price 2 172.14 94.67 108.54 72.72 71.60 83.66 83.66 83.66
Nbr of stocks (in thousands) 53,309 48,714 46,922 43,248 42,124 42,535 - -
Announcement Date 2/15/22 2/14/23 2/13/24 2/11/25 2/12/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
33.08x6.16x18.8x0.68% 208B
57.26x7.16x24.55x0.76% 132B
34.5x12.27x22.4x0.8% 124B
13.5x0.31x6.8x3.72% 111B
38.91x6.37x20.82x0.9% 90.94B
72.23x7.74x35.81x0.19% 82.3B
25.33x9.09x18.46x0.5% 80.86B
19.41x3.27x12.52x1.38% 61.11B
17.64x1.05x11.79x0.73% 59.59B
Average 34.65x 5.93x 19.11x 1.07% 105.56B
Weighted average by Cap. 35.80x 6.32x 19.47x 1.07%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  5. Valuation IPG Photonics Corporation