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IPG Photonics (STU:IPF) Cyclically Adjusted Price-to-FCF : 20.21 (As of Jun. 11, 2024)


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What is IPG Photonics Cyclically Adjusted Price-to-FCF?

As of today (2024-06-11), IPG Photonics's current share price is €80.04. IPG Photonics's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €3.96. IPG Photonics's Cyclically Adjusted Price-to-FCF for today is 20.21.

The historical rank and industry rank for IPG Photonics's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

STU:IPF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 19.51   Med: 68.67   Max: 133.53
Current: 19.88

During the past years, IPG Photonics's highest Cyclically Adjusted Price-to-FCF was 133.53. The lowest was 19.51. And the median was 68.67.

STU:IPF's Cyclically Adjusted Price-to-FCF is ranked better than
76.52% of 345 companies
in the Semiconductors industry
Industry Median: 40.29 vs STU:IPF: 19.88

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

IPG Photonics's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €0.529. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €3.96 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


IPG Photonics Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for IPG Photonics's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

IPG Photonics Cyclically Adjusted Price-to-FCF Chart

IPG Photonics Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 52.95 73.23 46.64 24.51 25.45

IPG Photonics Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.77 33.21 24.20 25.45 21.00

Competitive Comparison of IPG Photonics's Cyclically Adjusted Price-to-FCF

For the Semiconductor Equipment & Materials subindustry, IPG Photonics's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


IPG Photonics's Cyclically Adjusted Price-to-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, IPG Photonics's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where IPG Photonics's Cyclically Adjusted Price-to-FCF falls into.



IPG Photonics Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

IPG Photonics's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=80.04/3.96
=20.21

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

IPG Photonics's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, IPG Photonics's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.529/131.7762*131.7762
=0.529

Current CPI (Mar. 2024) = 131.7762.

IPG Photonics Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.012 100.560 -0.016
201409 0.269 100.428 0.353
201412 0.615 99.070 0.818
201503 0.659 99.621 0.872
201506 0.514 100.684 0.673
201509 1.252 100.392 1.643
201512 0.849 99.792 1.121
201603 0.669 100.470 0.877
201606 -0.041 101.688 -0.053
201609 0.967 101.861 1.251
201612 1.316 101.863 1.702
201703 0.498 102.862 0.638
201706 0.989 103.349 1.261
201709 1.659 104.136 2.099
201712 1.246 104.011 1.579
201803 0.890 105.290 1.114
201806 0.802 106.317 0.994
201809 0.546 106.507 0.676
201812 1.403 105.998 1.744
201903 0.175 107.251 0.215
201906 0.076 108.070 0.093
201909 1.198 108.329 1.457
201912 1.740 108.420 2.115
202003 0.657 108.902 0.795
202006 0.894 108.767 1.083
202009 0.716 109.815 0.859
202012 0.904 109.897 1.084
202103 0.932 111.754 1.099
202106 1.364 114.631 1.568
202109 0.986 115.734 1.123
202112 0.914 117.630 1.024
202203 -0.150 121.301 -0.163
202206 0.804 125.017 0.847
202209 1.000 125.227 1.052
202212 0.310 125.222 0.326
202303 0.076 127.348 0.079
202306 0.796 128.729 0.815
202309 1.184 129.860 1.201
202312 1.588 129.419 1.617
202403 0.529 131.776 0.529

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


IPG Photonics  (STU:IPF) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


IPG Photonics Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of IPG Photonics's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


IPG Photonics (STU:IPF) Business Description

Industry
Traded in Other Exchanges
Address
377 Simarano Drive, Marlborough, MA, USA, 01752
IPG Photonics Corp is a vertically integrated developer and manufacturer of high-performance fiber lasers, fiber amplifiers, and diode lasers, which are used in diverse applications in the manufacturing, automotive, industrial, aerospace, semiconductor, and consumer end markets. A large majority of the firm's revenue is derived from materials processing applications for fiber lasers, including cutting and welding, marking and engraving, and micro-processing. Roughly a third of the firm's revenue is generated in China, with the rest coming from North America, Europe, Japan, Australia, and other countries across the world.

IPG Photonics (STU:IPF) Headlines

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