FormFactor vs IPG Photonics
FORM and IPGP side by side, both in electronic components and accessories. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How FORM and IPGP compare
FormFactor is the larger company, worth 2.5 times as much as IPG Photonics ($7.5B against $3.0B).
On earnings, FormFactor is cheaper: it trades at 43.7× trailing earnings, against 109× for IPG Photonics.
FormFactor grew revenue faster over the last twelve months (29.1% versus 13.0% for IPG Photonics).
FormFactor keeps more of each dollar of sales as profit, with a net margin of 17.7% compared with 2.6% at IPG Photonics.
FormFactor scores higher on the StockData Score (12 against 8 for IPG Photonics), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | FORM | IPGP |
|---|---|---|
| Size and price | ||
| Market cap | $7.5B | $3.0B |
| Share price | $95.78 | $70.81 |
| Change, 1 year | 78.9% | −18.2% |
| Change, 5 years | 123% | −56.8% |
| Beta (5Y) | 1.71 | 1.24 |
| Employees | 2,153 | 4,840 |
| StockData Score | ||
| Total score | 12 (better) | 8 |
| Valuation score | 0 | 1 (better) |
| Growth score | 3 (better) | 1 |
| Performance score | 4 (better) | 0 |
| Health score | 5 | 6 (better) |
| Dividend score | 0 | 0 |
| Valuation | ||
| P/E | 43.7× (better) | 109× |
| P/S | 7.6× | 2.8× (better) |
| P/B | 6.3× | 1.4× (better) |
| EV/EBITDA | 39.5× | 28.5× (better) |
| P/FCF | 41.3× (better) | 145× |
| PEG | 21.75 | – |
| FCF yield | 2.4% (better) | 0.69% |
| Fair value | $76.07 | $36.64 |
| Margin of safety | −25.9% (better) | −93.3% |
| Growth | ||
| Revenue growth (TTM) | 29.1% (better) | 13.0% |
| Revenue growth, 5Y average | 2.5% (better) | −3.5% |
| Net income growth (TTM) | 325% | – |
| EPS growth (TTM) | 321% | – |
| EPS growth, 5Y average | −7.0% (better) | −24.5% |
| Profitability | ||
| Gross margin | 47.1% (better) | 38.4% |
| Operating margin | 18.3% (better) | 0.75% |
| Net margin | 17.7% (better) | 2.6% |
| FCF margin | 18.5% (better) | 1.9% |
| Return on equity | 15.8% (better) | 1.3% |
| Return on invested capital | 20.2% (better) | 0.45% |
| Financial health | ||
| Debt / equity | 0.01 (better) | 0.00 |
| Net debt / EBITDA | −2.14 | – |
| Current ratio | 3.68 | 6.18 (better) |
| Altman Z-score | 19.79 (better) | 8.67 |
| Piotroski F-score | 5 | 8 (better) |
| Dividends and buybacks | ||
| Buyback yield | 0.00% | – |
| Shareholder yield | 0.00% | 0.00% |
| Ownership | ||
| Held by institutions | 92.4% | 79.4% |
| Held by insiders | 0.87% | 69.9% |
| Insider net buying, 12 months | −$22.9M (better) | −$63.4M |
| Short interest, % of float | 3.6% | 28.6% |
Go deeper
- FORM stock overview
- FORM income statement
- FORM valuation and score
- IPGP stock overview
- IPGP income statement
- IPGP valuation and score
Other comparisons
For information only, not investment advice. Check the source filings before relying on any figure.