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 3,318 - -
Change - -49.74% 10.43% -38.25% -4.1% 10% - -
Enterprise Value (EV) 1 7,696 3,450 3,915 2,215 3,016 2,469 2,438 3,318
Change - -55.17% 13.48% -43.43% 36.18% -18.15% -1.26% 36.1%
P/E 33.4x 43.8x 23.4x -17.8x 98.1x 69.4x 37.3x 25.7x
PBR 3.32x 1.91x 2.08x 1.53x - 1.53x - -
PEG - -0.8x 0x 0x -1x 1.3x 0.4x 0.6x
Capitalization / Revenue 6.28x 3.23x 3.96x 3.22x 3x 2.96x 2.71x 2.34x
EV / Revenue 5.27x 2.41x 3.04x 2.27x 3x 2.2x 1.99x 2.34x
EV / EBITDA 16.6x 8.71x 13x 29.2x 21.2x 15.5x 12.1x 13.5x
EV / EBIT 20.9x 11.3x 16.9x 153x 230x 72x 25.6x 22.4x
EV / FCF 28.9x 33.7x 21.1x 14.8x -873x 36.9x 37.8x -
FCF Yield 3.46% 2.97% 4.74% 6.74% -0.11% 2.71% 2.65% -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 5.16 2.16 4.63 -4.09 0.73 1.124 2.091 3.038
Distribution rate - - - - - - - -
Net sales 1 1,461 1,430 1,287 977.1 1,004 1,122 1,226 1,418
EBITDA 1 464.2 396 301.2 75.92 142.4 159.3 201.3 244.9
EBIT 1 367.9 305.5 231.6 14.48 13.1 34.31 95.1 148
Net income 1 278.4 109.9 218.9 -181.5 31.1 49.07 92.36 125.3
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 78.00 78.00 78.00
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
32.8x6.07x18.59x0.62% 204B
13.74x0.31x6.93x3.66% 113B
36.85x5.93x19.33x0.97% 83.88B
24.6x8.63x18.31x0.5% 80.16B
68.05x7.19x33.6x0.21% 76.68B
19.37x1.16x13.21x0.68% 65.42B
19.01x3.23x12.27x1.4% 60.41B
38.07x5.36x20.17x0.02% 55.2B
61.38x27.56x61.27x0.43% 40.41B
Average 34.88x 7.27x 22.63x 0.94% 86.64B
Weighted average by Cap. 32.75x 6.02x 19.80x 1.06%

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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