II-VI Incorporated develops innovative products for diversified applications in the industrial, optical communications, military, life sciences, semiconductor equipment, and consumer markets. The company was founded in 1971 and is based in Saxonburg, Pennsylvania.
IIVI Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Ii-Vi Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Ii-Vi Inc ranked in the 38th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 23%. In terms of the factors that were most noteworthy in this DCF analysis for IIVI, they are:
The stock's equity weight, or the proportion of capital from equity relative to debt, is 63. Notably, its equity weight is greater than just 13.21% of US equities in the Technology sector yielding a positive free cash flow.
Its compound free cash flow growth rate, as measured over the past 5.81 years, is 0.35% -- higher than 72.43% of stocks in our DCF forecasting set.
Ii-Vi Inc's weighted average cost of capital (WACC) is 12%; for context, that number is higher than 81.37% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as IIVI, try ALTR, LFUS, IT, TER, and TTGT.
PITTSBURGH, Sept. 11, 2020 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, announced today that the Company will participate in the following event: Deutsche Bank Virtual Technology Conference * Date: Tuesday, September 15, 2020 * Time: 4:00 p.m. EDT * Place: VirtualParticipants * Dr. Chuck Mattera, Chief Executive Officer, II-VI * Mary Jane Raymond, Chief Financial Officer, II-VIA real-time webcast of the discussion can be accessed via the Investors section of the II-VI website at https://www.ii-vi.com/investors-events/.About II-VI IncorporatedII-VI Incorporated, a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovati...
Citing II-VI's (IIVI) exposure to "high growth markets," Citi analyst Amanda Scarnati starts the company with a Bull rating and $53 price target.Scarnati expects II-VI to surpass historic averages due to the exposure to 5G infrastructure and handsets and sees the silicon carbide market as a "significant growth driver."The analyst thinks II-VI's diverse...
Bad news for one company could send shockwaves throughout the entire space. This appears to be the case for II-VI (IIVI), the world’s largest optical component company. Writing for Needham, five-star analyst James Ricchiuti tells clients that Ciena’s issuance of weak guidance on September 3 “sparked a sell-off in IIVI and across the optical space, no doubt exacerbated by the broad market sell-off.” While he acknowledges that IIVI shares had been struggling before the news broke, the stock is trading well below Ricchiuti’s revised out-year non-GAAP EPS estimate, the five-year average and 9x EV/estimated out-year adjusted EBITDA. This is not to say all hope is lost. “We are not downplaying CIEN’s weak guidance, and in fact have trimmed our estimates. However, CIEN’s commentary regardin...
Ciena Corporation (NYSE: CIEN) reported its third-quarter earnings this morning and beat analyst estimates handily, earning $1.06 per share (adjusted), versus the Street consensus expectation of $0.83. Now here's the bad: Guidance at Ciena was exceptionally weak, and that weak guidance is destroying Ciena stock in morning trading. As of 10:15 a.m. EDT, Ciena stock is down a staggering 24%, and fellow networking equipment industry players Infinera (NASDAQ: INFN), Lumentum Holdings (NASDAQ: LITE), and II-VI Incorporated (NASDAQ: IIVI) are falling in tandem, down 16.3%, 11%, and 9.1%, respectively.
PITTSBURGH, Aug. 31, 2020 (GLOBE NEWSWIRE) -- II-VI Incorporated (Nasdaq: IIVI), a leader in compound semiconductors, today announced that Dr. Vincent D. (Chuck) Mattera, Jr., Chief Executive Officer, has been named an Entrepreneur Of The Year® 2020 East Central Awards finalist. Dr. Mattera was selected as one of 26 finalists from nearly 100 nominations by a panel of independent judges. The Entrepreneur Of The Year Awards honor entrepreneurial business leaders whose ambitions deliver innovation, growth, and prosperity as they build and sustain successful businesses that transform our world. Award winners will be announced through a special virtual event on October 7, 2020, and will join a lifelong community of esteemed Entrepreneur Of The Year alumni from around the world. This year, u...