II-VI Inc (IIVI) Files 10-K for the Fiscal Year Ended on June 30, 2018

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II-VI Inc (IIVI) files its latest 10-K with SEC for the fiscal year ended on June 30, 2018. II-VI Inc develops and manufactures engineered materials and opto-electronic components and products for precision use in industrial, optical communications, military, semiconductor and life science applications. II-VI Inc has a market cap of $3.12 billion; its shares were traded at around $49.90 with a P/E ratio of 37.23 and P/S ratio of 2.88. II-VI Inc had annual average EBITDA growth of 8.50% over the past ten years. GuruFocus rated II-VI Inc the business predictability rank of 4.5-star.


For the last quarter II-VI Inc reported a revenue of $321.1 million, compared with the revenue of $273.7 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $1.2 billion, an increase of 19.2% from last year. For the last five years II-VI Inc had an average revenue growth rate of 15% a year.

The reported diluted earnings per share was $1.35 for the year, a decline of 8.8% from the previous year. Over the last five years II-VI Inc had an EPS growth rate of 16.4% a year. The II-VI Inc had a decent operating margin of 11.67%, compared with the operating margin of 11.89% a year before. The 10-year historical median operating margin of II-VI Inc is 12.43%. The profitability rank of the company is 7 (out of 10).

At the end of the fiscal year, II-VI Inc has the cash and cash equivalents of $247.0 million, compared with $271.9 million in the previous year. The long term debt was $441.3 million, compared with $345.4 million in the previous year. The interest coverage to the debt is 7.4. II-VI Inc has a financial strength rank of 6 (out of 10).

At the current stock price of $49.90, II-VI Inc is traded at 25.7% premium to its historical median P/S valuation band of $39.70. The P/S ratio of the stock is 2.88, while the historical median P/S ratio is 2.29. The intrinsic value of the stock is $14.34 a share, according to GuruFocus DCF Calculator. The stock gained 39.66% during the past 12 months.

CEO Recent Trades:

  • President & CEO Vincent D Jr Mattera sold 9,450 shares of IIVI stock on 08/01/2018 at the average price of $39.79. The price of the stock has increased by 25.41% since.

CFO Recent Trades:

  • CFO Mary Jane Raymond sold 4,000 shares of IIVI stock on 08/10/2018 at the average price of $44.88. The price of the stock has increased by 11.19% since.

Directors and Officers Recent Trades:

  • Director Marc Y E Pelaez sold 4,485 shares of IIVI stock on 08/16/2018 at the average price of $45.4. The price of the stock has increased by 9.91% since.

  • Director Joseph J Corasanti sold 40,120 shares of IIVI stock on 08/10/2018 at the average price of $44.88. The price of the stock has increased by 11.19% since.

For the complete 20-year historical financial data of IIVI, click here.

This article first appeared on GuruFocus.


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