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IPG Photonics

NSQ:IPGP · US44980X1090
Electronic Equipment, Instruments & ComponentsLarge

360

59
EV / EBIT3
Price / Owner Earnings7
Owner Earnings Yield12
Dividend Yield1
Price/Sales59
EV / Gross Profit46
Price/Book80
Return on Capital6
Cash Return on Capital14
Return on Equity8
EBIT Margin11
Gross Profitability23
Cash Conversion81
Accruals93
Owner Earnings Margin26
Sales growth39
Profit Growth34
Long-Term EPS Growth96
Reinvestment19
Price momentum37
Debt load95
Refinancing73
Debt Payback100
Liquidity1
Analyst ratings28
Opinion Changes63
Price Target Upside68
Market mood20
Value Creation14/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

IPG Photonics generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUSA
IndustryElectronic Equipment, Instruments & Components
SizeLarge
TypePublic Company
ExchangeNASDAQGS
Founded1998
Employees1,164
Websiteipgphotonics.com
ISINUS44980X1090
Last UpdateApr 2, 2026
Indices
NASDAQ (USA)S&P MIDCAP (USA)
Themes
Process AutomationIndustrial AutomationDetectors, Sensors and MemsBiomedical EngineeringCommunication HardwareCommunications InfrastructureLaserManufacturing

Description

IPG Photonics Corporation (IPG) develops, manufactures, and sells high-performance fiber lasers, fiber amplifiers, diode lasers and laser-based systems that are used for diverse applications in materials processing, medical and advanced applications.…

Analysis

Hope premium

IPG Photonics Corporation is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is expensive. The owner-earnings multiple stands at 180.7×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 37% a year, against analyst forecasts of 44%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is sturdy. The company scores 14/20 on our value-creation score: strong value creator. Analysts lean positive.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
51
2023202420252026

All-time high

65

Jan 2024

All-time low

21

Jan 2023

Average rank

47

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
59
56
51
45
Price/Earnings
14
27
65
37
Price/Book
80
89
79
65
Dividend Yield
1
1
1
1
Value (overall)
51
49
55
43

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
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