IIVI
II-VI, Inc.
Industrial/Transportation
04/22/2021
Presented
| Date | 04/14/2021 |
| Price | $81.28 |
| Market Cap | $8.52B |
| Ent Value | $9.95B |
| P/E Ratio | 48.55x |
| Book Value | $26.70 |
| Div Yield | 0% |
| Shares O/S | 104.83M |
| Ave Daily Vol | 2,101,173 |
| Short Int | 14.40% |
Current
| Price | $227.08 |
| Market Cap | $5.92B |
| II-VI, Inc. engages in the development, refinement, manufacturing, and marketing of engineered materials and opto-electronic components and devices for precision in the field of industrial materials processing, optical communications, aerospace and defense, consumer electronics, semiconductor capital equipment, life sciences, and automotive applications and markets. It operates through the following segments: Photonic Solutions and Compound Semiconductors. The Photonic Solutions segment manufactures crystal materials, optics, microchip lasers and optoelectronic modules for use in optical communication networks and other diverse consumer and commercial applications, pump lasers, optical isolators, and optical amplifiers and micro-optics for optical amplifiers, for both terrestrial and submarine applications within the optical communications market. The Compound Semiconductors segment designs, manufactures and markets optical and electro-optical components and materials, infrared optical components and high-precision optical assemblies for aerospace and defense, medical and commercial laser imaging applications, semiconductor lasers and detectors for optical interconnects and sensing applications, unique engineered materials for thermoelectric and silicon carbide applications servicing the semiconductor, aerospace and defense and medical markets. The company was founded Carl J. Johnson in 1971 and is headquartered in Saxonburg, PA. |
Publicly traded companies mentioned herein: Apple Inc (AAPL), Coherent Inc (COHR), Lumentum Holdings Inc (LITE), Samsung Electronics Co Ltd (005630 KS), II-VI Inc (IIVI), IPG Photonics Corp (IPGP)
Highlights
The presenter is long shares of II-VI (IIVI) thinking that the $8.5B optics components maker is well positioned for growth in the data communications and consumer electronics end markets, and will realize significant cost synergies as a result of its merger with Coherent, a global laser technology company. He believes that revenue growth in the consumer electronics segment will be driven by the increasing need for precision laser technology, and data communications will benefit from faster network speeds. The stock currently trades at $80 per share or 16x 2023 earnings, and he thinks shares can double to $140-160 over the next 3 years.
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