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 62th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 96%. In terms of the factors that were most noteworthy in this DCF analysis for IIVI, they are:
The company's compound free cash flow growth rate over the past 5.76 years comes in at 0.41%; that's greater than 75.6% of US stocks we're applying DCF forecasting to.
Relative to other stocks in its sector (Technology), Ii-Vi Inc has a reliance on debt greater than 71.5% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
COUP, ERIC, PCYG, SOFO, and FORM can be thought of as valuation peers to IIVI, in the sense that they are in the Technology sector and have a similar price forecast based on DCF valuation.
Regular readers of my articles know that I’m not a “valuation doesn’t matter” sort of investor, but for every rule, there are exceptions, and Japan’s Shin-Etsu Chemical (SHECY) is one where I’m often tempted to relax my approach to valuation. Not only does Shin-Etsu have a strong track record where...
Stephen Simpson, CFA on Seeking Alpha | October 2, 2020
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...
PITTSBURGH, July 29, 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: Cowen and Company’s “Networking Leaders, Legends, Luminaries, and Visionaries: Fireside Chat Series” * Date: Monday, August 3, 2020 * Time: 11:00 a.m. EDT * Place: VirtualParticipants * Dr. Chuck Mattera, Chief Executive Officer, II-VI * Dr. Giovanni Barbarossa, Chief Strategy Officer, II-VI, and President, Compound SemiconductorsA real-time audiocast 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 ma...
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]