IPGP Stock Analysis: IPG Photonics | NASDAQ
Semiconductor Equipment & Materials | NASDAQ, USA | Market Cap: 4.856m USD | 12M Return: 40.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 41.6M
EPS Trend: -91.1%
Qual. Beats: 0
Rev. Trend: -85.6%
Qual. Beats: 4
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
IPG Photonics Corporation is a U.S.-based designer and manufacturer of fiber lasers, fiber amplifiers, diode lasers, and integrated laser-based systems serving materials processing, medical, and advanced industrial applications. Its product portfolio spans hybrid fiber–solid-state lasers, pulsed and tunable lasers, handheld welding tools such as LightWELD, 2D cutting systems, and a range of complementary optical components including delivery cables, beam switches, and process monitoring sensors.
The company sells primarily to OEMs, system integrators, and end users through a combination of direct sales, independent representatives, and distributors, addressing end markets such as general manufacturing, automotive, consumer goods, medical devices, energy, microelectronics, aerospace and defense, rail, and shipbuilding. Founded in 1990 and headquartered in Marlborough, Massachusetts, IPG has traded on NASDAQ since its 2006 IPO and is classified within the Information Technology sector under Electronic Manufacturing Services.
As a manufacturer of industrial laser sources, IPG competes in a sector where fiber-based technology has largely displaced older CO2 and lamp-pumped solid-state lasers in cutting and welding due to higher electrical efficiency and lower maintenance. The companys vertically integrated model, producing key inputs such as semiconductor diodes and specialty optical fibers in-house, distinguishes it from most peers that source these components externally.
- China industrial demand softness weighs on materials processing revenue
- Chinese fiber laser rivals intensify pricing competition and margin pressure
- EV battery welding and medical applications diversify revenue mix
| Net Income: 28.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -5.38 > 1.0 |
| NWC/Revenue: 113.9% < 20% (prev 130.8%; Δ -16.92% < -1%) |
| CFO/TA 0.02 > 3% & CFO 56.4m > Net Income 28.9m |
| Net Debt (-796.6m) to EBITDA (97.8m): -8.14 < 3 |
| Current Ratio: 5.80 > 1.5 & < 3 |
| Outstanding Shares: last quarter (42.9m) vs 12m ago 0.19% < -2% |
| Gross Margin: 37.56% > 18% (prev 34.68%; Δ 2.88% > 0.5%) |
| Asset Turnover: 43.95% > 50% (prev 41.12%; Δ 2.83% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.49 (Total Current Assets 1.43b - Total Current Liabilities 247.2m) / Total Assets 2.42b |
| B: 1.09 (Retained Earnings 2.65b / Total Assets 2.42b) |
| C: 0.01 (EBIT TTM 30.4m / Avg Total Assets 2.37b) |
| D: 6.92 (Book Value of Equity 2.12b / Total Liabilities 305.8m) |
| Altman-Z'' = 14.13 = AAA |
| DSRI: 1.02 (Receivables 198.1m/176.9m, Revenue 1.04b/952.9m) |
| GMI: 0.92 (GM 34.68% / 37.56%) |
| AQI: 1.25 (AQ_t 0.15 / AQ_t-1 0.12) |
| SGI: 1.09 (Revenue 1.04b / 952.9m) |
| TATA: -0.01 (NI 28.9m - CFO 56.4m) / TA 2.42b) |
| Beneish M = -2.86 (Cap -4..+1) = A |
As of July 09, 2026, the stock is trading at USD 102.28 with a total of 378,351 shares traded. Over the past week, the price has changed by -12.82%, over one month by -8.08%, over three months by -14.97% and over the past year by +40.11%.
Current recommended Stop Loss: 80.80 (which is 21% or 2.8 ATR below the current price).
IPG Photonics has received a consensus analysts rating of 3.11. Therefore, it is recommended to hold IPGP.
- StrongBuy: 2
- Buy: 0
- Hold: 5
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 130.5 | 27.6% |
P/E Trailing = 168.25
P/E Forward = 76.3359
P/S = 4.6626
P/B = 2.2951
P/EG = 1.83
Revenue TTM = 1.04b USD
EBIT TTM = 30.4m USD
EBITDA TTM = 97.8m USD
Long Term Debt = 11.3m USD (estimated: total debt 16.3m - short term 5.00m)
Short Term Debt = 5.00m USD (from shortTermDebt, last quarter)
Debt = 16.3m USD (from shortLongTermDebtTotal, last quarter) (leases 16.3m already included)
Net Debt = -796.6m USD (calculated: Debt 16.3m - CCE 812.9m)
Enterprise Value = 4.06b USD (4.86b + Debt 16.3m - CCE 812.9m)
Interest Coverage Ratio = unknown (Ebit TTM 30.4m / Interest Expense TTM 0.0)
EV/FCF = -293.0x (Enterprise Value 4.06b / FCF TTM -13.9m)
FCF Yield = -0.34% (FCF TTM -13.9m / Enterprise Value 4.06b)
FCF Margin = -1.33% (FCF TTM -13.9m / Revenue TTM 1.04b)
Net Margin = 2.78% (Net Income TTM 28.9m / Revenue TTM 1.04b)
Gross Margin = 37.56% ((Revenue TTM 1.04b - Cost of Revenue TTM 650.3m) / Revenue TTM)
Gross Margin QoQ = 37.48% (prev 36.10%)
Tobins Q-Ratio = 1.68 (Enterprise Value 4.06b / Total Assets 2.42b)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 16.3m)
Taxrate = 18.53% (6.58m / 35.5m)
NOPAT = 24.8m (EBIT 30.4m * (1 - 18.53%))
Current Ratio = 5.80 (Total Current Assets 1.43b / Total Current Liabilities 247.2m)
Debt / Equity = 0.01 (Debt 16.3m / totalStockholderEquity, last quarter 2.12b)
Debt / EBITDA = -8.14 (Net Debt -796.6m / EBITDA 97.8m)
Debt / FCF = 57.49 (negative FCF - burning cash) (Net Debt -796.6m / FCF TTM -13.9m)
Total Stockholder Equity = 2.11b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.22% (Net Income 28.9m / Total Assets 2.42b)
RoE = 1.37% (Net Income TTM 28.9m / Total Stockholder Equity 2.11b)
RoCE = 1.43% (EBIT 30.4m / Capital Employed (Equity 2.11b + L.T.Debt 11.3m))
RoIC = 1.17% (NOPAT 24.8m / Invested Capital 2.13b)
WACC = 12.30% (E(4.86b)/V(4.87b) * Re(12.34%) + D(16.3m)/V(4.87b) * Rd(0.0%) * (1-Tc(0.19)))
Discount Rate = 12.34% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -64.44 | Cagr: -3.65%
[DCF] Fair Price = unknown (Cash Flow -13.9m)
EPS Correlation: -91.11 | EPS CAGR: -45.80% | SUE: -0.20 | # QB: 0
Revenue Correlation: -85.64 | Revenue CAGR: -12.07% | SUE: 0.87 | # QB: 4
EPS current Quarter (2026-06-30): EPS=0.39 | Chg30d=+0.00% | Revisions=-57% | Analysts=7
EPS next Quarter (2026-09-30): EPS=0.43 | Chg30d=+0.00% | Revisions=-57% | Analysts=7
EPS current Year (2026-12-31): EPS=1.62 | Chg30d=+0.00% | Revisions=-70% | GrowthEPS=+14.0% | GrowthRev=+10.9%
EPS next Year (2027-12-31): EPS=2.31 | Chg30d=+0.00% | Revisions=-67% | GrowthEPS=+42.8% | GrowthRev=+9.1%
[Analyst] Revisions Ratio: -88% (up=0, down=21)