Intrinsic value of II-VI - IIVI

Previous Close

$38.98

  Intrinsic Value

$35.95

stock screener

  Rating & Target

hold

-8%

Previous close

$38.98

 
Intrinsic value

$35.95

 
Up/down potential

-8%

 
Rating

hold

We calculate the intrinsic value of IIVI stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.4

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  20.30
  18.77
  17.39
  16.15
  15.04
  14.03
  13.13
  12.32
  11.59
  10.93
  10.33
  9.80
  9.32
  8.89
  8.50
  8.15
  7.84
  7.55
  7.30
  7.07
  6.86
  6.67
  6.51
  6.36
  6.22
  6.10
  5.99
  5.89
  5.80
  5.72
Revenue, $m
  1,169
  1,389
  1,630
  1,894
  2,179
  2,484
  2,811
  3,157
  3,523
  3,907
  4,311
  4,734
  5,175
  5,635
  6,114
  6,612
  7,130
  7,669
  8,229
  8,810
  9,414
  10,043
  10,696
  11,376
  12,084
  12,821
  13,588
  14,389
  15,223
  16,094
Variable operating expenses, $m
  900
  1,061
  1,239
  1,433
  1,643
  1,868
  2,108
  2,363
  2,633
  2,916
  3,175
  3,486
  3,811
  4,150
  4,503
  4,870
  5,251
  5,648
  6,060
  6,488
  6,933
  7,396
  7,877
  8,378
  8,899
  9,442
  10,007
  10,597
  11,211
  11,853
Fixed operating expenses, $m
  97
  99
  101
  104
  106
  108
  111
  113
  116
  118
  121
  123
  126
  129
  132
  135
  138
  141
  144
  147
  150
  153
  157
  160
  164
  167
  171
  175
  179
  182
Total operating expenses, $m
  997
  1,160
  1,340
  1,537
  1,749
  1,976
  2,219
  2,476
  2,749
  3,034
  3,296
  3,609
  3,937
  4,279
  4,635
  5,005
  5,389
  5,789
  6,204
  6,635
  7,083
  7,549
  8,034
  8,538
  9,063
  9,609
  10,178
  10,772
  11,390
  12,035
Operating income, $m
  173
  228
  290
  357
  430
  508
  592
  680
  774
  873
  1,015
  1,124
  1,238
  1,356
  1,480
  1,608
  1,742
  1,880
  2,025
  2,175
  2,331
  2,493
  2,662
  2,838
  3,021
  3,211
  3,410
  3,617
  3,833
  4,059
EBITDA, $m
  267
  333
  406
  486
  572
  665
  764
  869
  981
  1,098
  1,221
  1,350
  1,484
  1,625
  1,771
  1,923
  2,081
  2,246
  2,417
  2,595
  2,780
  2,972
  3,172
  3,380
  3,596
  3,822
  4,057
  4,303
  4,559
  4,826
Interest expense (income), $m
  7
  20
  26
  33
  40
  48
  57
  66
  77
  87
  99
  110
  123
  136
  150
  164
  179
  194
  210
  227
  244
  262
  281
  300
  320
  341
  363
  386
  410
  435
  460
Earnings before tax, $m
  153
  203
  257
  317
  382
  451
  525
  604
  687
  775
  905
  1,001
  1,102
  1,207
  1,316
  1,429
  1,547
  1,670
  1,798
  1,931
  2,069
  2,212
  2,362
  2,517
  2,679
  2,848
  3,024
  3,207
  3,399
  3,598
Tax expense, $m
  41
  55
  69
  86
  103
  122
  142
  163
  186
  209
  244
  270
  297
  326
  355
  386
  418
  451
  485
  521
  559
  597
  638
  680
  723
  769
  816
  866
  918
  972
Net income, $m
  112
  148
  188
  231
  279
  329
  383
  441
  502
  565
  661
  731
  804
  881
  960
  1,043
  1,130
  1,219
  1,313
  1,410
  1,510
  1,615
  1,724
  1,838
  1,956
  2,079
  2,207
  2,341
  2,481
  2,627

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,649
  1,959
  2,300
  2,671
  3,073
  3,504
  3,964
  4,452
  4,968
  5,511
  6,081
  6,677
  7,299
  7,948
  8,624
  9,326
  10,057
  10,817
  11,606
  12,426
  13,278
  14,165
  15,086
  16,045
  17,043
  18,083
  19,166
  20,294
  21,472
  22,700
Adjusted assets (=assets-cash), $m
  1,649
  1,959
  2,300
  2,671
  3,073
  3,504
  3,964
  4,452
  4,968
  5,511
  6,081
  6,677
  7,299
  7,948
  8,624
  9,326
  10,057
  10,817
  11,606
  12,426
  13,278
  14,165
  15,086
  16,045
  17,043
  18,083
  19,166
  20,294
  21,472
  22,700
Revenue / Adjusted assets
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
  0.709
Average production assets, $m
  591
  701
  823
  956
  1,100
  1,255
  1,419
  1,594
  1,779
  1,973
  2,177
  2,391
  2,613
  2,846
  3,088
  3,339
  3,601
  3,873
  4,155
  4,449
  4,754
  5,072
  5,402
  5,745
  6,102
  6,474
  6,862
  7,266
  7,688
  8,128
Working capital, $m
  319
  379
  445
  517
  595
  678
  767
  862
  962
  1,067
  1,177
  1,292
  1,413
  1,538
  1,669
  1,805
  1,947
  2,094
  2,246
  2,405
  2,570
  2,742
  2,920
  3,106
  3,299
  3,500
  3,710
  3,928
  4,156
  4,394
Total debt, $m
  478
  604
  742
  893
  1,056
  1,231
  1,418
  1,616
  1,826
  2,046
  2,278
  2,519
  2,772
  3,036
  3,310
  3,595
  3,892
  4,200
  4,521
  4,854
  5,200
  5,560
  5,934
  6,323
  6,728
  7,150
  7,590
  8,048
  8,526
  9,025
Total liabilities, $m
  670
  795
  934
  1,084
  1,248
  1,423
  1,609
  1,808
  2,017
  2,238
  2,469
  2,711
  2,963
  3,227
  3,501
  3,787
  4,083
  4,392
  4,712
  5,045
  5,391
  5,751
  6,125
  6,514
  6,920
  7,342
  7,781
  8,239
  8,717
  9,216
Total equity, $m
  980
  1,164
  1,366
  1,587
  1,825
  2,081
  2,355
  2,645
  2,951
  3,274
  3,612
  3,966
  4,336
  4,721
  5,122
  5,540
  5,974
  6,425
  6,894
  7,381
  7,887
  8,414
  8,961
  9,531
  10,124
  10,741
  11,384
  12,055
  12,754
  13,484
Total liabilities and equity, $m
  1,650
  1,959
  2,300
  2,671
  3,073
  3,504
  3,964
  4,453
  4,968
  5,512
  6,081
  6,677
  7,299
  7,948
  8,623
  9,327
  10,057
  10,817
  11,606
  12,426
  13,278
  14,165
  15,086
  16,045
  17,044
  18,083
  19,165
  20,294
  21,471
  22,700
Debt-to-equity ratio
  0.490
  0.520
  0.540
  0.560
  0.580
  0.590
  0.600
  0.610
  0.620
  0.630
  0.630
  0.640
  0.640
  0.640
  0.650
  0.650
  0.650
  0.650
  0.660
  0.660
  0.660
  0.660
  0.660
  0.660
  0.660
  0.670
  0.670
  0.670
  0.670
  0.670
Adjusted equity ratio
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594
  0.594

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  112
  148
  188
  231
  279
  329
  383
  441
  502
  565
  661
  731
  804
  881
  960
  1,043
  1,130
  1,219
  1,313
  1,410
  1,510
  1,615
  1,724
  1,838
  1,956
  2,079
  2,207
  2,341
  2,481
  2,627
Depreciation, amort., depletion, $m
  94
  105
  116
  129
  142
  157
  172
  189
  206
  225
  205
  226
  247
  268
  291
  315
  340
  365
  392
  420
  449
  478
  510
  542
  576
  611
  647
  685
  725
  767
Funds from operations, $m
  206
  252
  304
  360
  421
  486
  556
  630
  708
  790
  866
  956
  1,051
  1,149
  1,252
  1,358
  1,469
  1,585
  1,705
  1,829
  1,959
  2,094
  2,234
  2,380
  2,532
  2,690
  2,855
  3,027
  3,206
  3,394
Change in working capital, $m
  54
  60
  66
  72
  78
  83
  89
  95
  100
  105
  110
  115
  120
  126
  131
  136
  141
  147
  153
  159
  165
  172
  178
  186
  193
  201
  210
  218
  228
  238
Cash from operations, $m
  152
  193
  238
  288
  343
  403
  467
  535
  608
  685
  756
  841
  930
  1,024
  1,121
  1,222
  1,328
  1,438
  1,552
  1,670
  1,794
  1,922
  2,055
  2,194
  2,338
  2,489
  2,645
  2,808
  2,978
  3,156
Maintenance CAPEX, $m
  -46
  -56
  -66
  -78
  -90
  -104
  -118
  -134
  -150
  -168
  -186
  -205
  -226
  -247
  -268
  -291
  -315
  -340
  -365
  -392
  -420
  -449
  -478
  -510
  -542
  -576
  -611
  -647
  -685
  -725
New CAPEX, $m
  -100
  -111
  -122
  -133
  -144
  -154
  -165
  -175
  -185
  -194
  -204
  -213
  -223
  -232
  -242
  -252
  -262
  -272
  -283
  -294
  -305
  -317
  -330
  -343
  -357
  -372
  -388
  -404
  -421
  -440
Cash from investing activities, $m
  -146
  -167
  -188
  -211
  -234
  -258
  -283
  -309
  -335
  -362
  -390
  -418
  -449
  -479
  -510
  -543
  -577
  -612
  -648
  -686
  -725
  -766
  -808
  -853
  -899
  -948
  -999
  -1,051
  -1,106
  -1,165
Free cash flow, $m
  6
  26
  50
  77
  109
  144
  184
  226
  273
  323
  366
  422
  482
  545
  611
  679
  751
  826
  904
  985
  1,069
  1,156
  1,247
  1,341
  1,439
  1,541
  1,647
  1,757
  1,871
  1,991
Issuance/(repayment) of debt, $m
  113
  126
  138
  151
  163
  175
  187
  198
  209
  220
  231
  242
  253
  263
  274
  285
  297
  308
  320
  333
  346
  360
  374
  389
  405
  422
  440
  458
  478
  499
Issuance/(repurchase) of shares, $m
  54
  36
  15
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  167
  162
  153
  151
  163
  175
  187
  198
  209
  220
  231
  242
  253
  263
  274
  285
  297
  308
  320
  333
  346
  360
  374
  389
  405
  422
  440
  458
  478
  499
Total cash flow (excl. dividends), $m
  173
  188
  203
  228
  272
  319
  370
  425
  482
  543
  597
  664
  735
  808
  885
  965
  1,048
  1,134
  1,224
  1,318
  1,415
  1,516
  1,621
  1,730
  1,844
  1,963
  2,086
  2,215
  2,349
  2,490
Retained Cash Flow (-), $m
  -166
  -184
  -202
  -221
  -239
  -256
  -273
  -290
  -306
  -322
  -338
  -354
  -370
  -385
  -401
  -417
  -434
  -451
  -469
  -487
  -506
  -526
  -547
  -570
  -593
  -617
  -643
  -671
  -699
  -730
Prev. year cash balance distribution, $m
  87
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  94
  4
  0
  8
  33
  63
  97
  135
  176
  221
  259
  310
  365
  423
  484
  547
  614
  683
  756
  831
  909
  990
  1,074
  1,161
  1,251
  1,345
  1,443
  1,545
  1,650
  1,760
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  90
  3
  0
  6
  26
  46
  66
  84
  101
  116
  123
  132
  139
  142
  142
  139
  134
  126
  116
  106
  94
  82
  70
  59
  49
  39
  31
  24
  18
  13
Current shareholders' claim on cash, %
  97.6
  96.3
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8
  95.8

II-VI Incorporated develops and manufactures engineered materials, optoelectronic components and products. The Company has three segments: II-VI Laser Solutions, II-VI Photonics and II-VI Performance Products. The II-VI Laser Solutions segment designs, manufactures and markets optical and electro-optical components and materials sold under the II-VI Infrared brand name and used in carbon dioxide (CO2) lasers, fiber-delivered beam delivery systems and processing tools and direct diode lasers for industrial lasers sold under the II-VI HIGHYAG and II-VI Laser Enterprise brand names. The II-VI Photonics segment manufactures crystal materials, optics, microchip lasers and opto-electronic modules for use in optical communication networks and other consumer and commercial applications. The II-VI Performance Products segment designs, manufactures and markets infrared optical components and high-precision optical assemblies for military, medical and commercial laser imaging applications.

FINANCIAL RATIOS  of  II-VI (IIVI)

Valuation Ratios
P/E Ratio 25.9
Price to Sales 2.5
Price to Book 2.7
Price to Tangible Book
Price to Cash Flow 20.7
Price to Free Cash Flow -123.1
Growth Rates
Sales Growth Rate 17.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 139.7%
Cap. Spend. - 3 Yr. Gr. Rate 36.8%
Financial Strength
Quick Ratio 14
Current Ratio 0
LT Debt to Equity 38.3%
Total Debt to Equity 40.5%
Interest Coverage 18
Management Effectiveness
Return On Assets 7.5%
Ret/ On Assets - 3 Yr. Avg. 6.6%
Return On Total Capital 8.3%
Ret/ On T. Cap. - 3 Yr. Avg. 7.4%
Return On Equity 11.3%
Return On Equity - 3 Yr. Avg. 9.8%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 39.9%
Gross Margin - 3 Yr. Avg. 38.1%
EBITDA Margin 19.5%
EBITDA Margin - 3 Yr. Avg. 18.6%
Operating Margin 13%
Oper. Margin - 3 Yr. Avg. 11.8%
Pre-Tax Margin 12.2%
Pre-Tax Margin - 3 Yr. Avg. 11.3%
Net Profit Margin 9.8%
Net Profit Margin - 3 Yr. Avg. 8.8%
Effective Tax Rate 20.2%
Eff/ Tax Rate - 3 Yr. Avg. 21.5%
Payout Ratio 0%

IIVI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the IIVI stock intrinsic value calculation we used $972.046 million for the last fiscal year's total revenue generated by II-VI. The default revenue input number comes from 0001 income statement of II-VI. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our IIVI stock valuation model: a) initial revenue growth rate of 20.3% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for IIVI is calculated based on our internal credit rating of II-VI, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of II-VI.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of IIVI stock the variable cost ratio is equal to 77.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $95 million in the base year in the intrinsic value calculation for IIVI stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for II-VI.

Corporate tax rate of 27% is the nominal tax rate for II-VI. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the IIVI stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for IIVI are equal to 50.5%.

Life of production assets of 10.6 years is the average useful life of capital assets used in II-VI operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for IIVI is equal to 27.3%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $900.563 million for II-VI - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 62.545 million for II-VI is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of II-VI at the current share price and the inputted number of shares is $2.4 billion.

RELATED COMPANIES Price Int.Val. Rating
GLW Corning 30.78 11.01  str.sell
LPTH Lightpath Tech 1.81 1.90  hold
DYSL Dynasil of Ame 1.19 0.18  str.sell
FNSR Finisar 17.80 16.58  hold
LITE Lumentum Holdi 62.08 88.60  buy
MKSI MKS Instrument 74.69 260.19  str.buy

COMPANY NEWS

▶ Why Tesla, Delphi Technologies, and II-VI Slumped Today   [Oct-05-18 04:33PM  Motley Fool]
▶ II-VI Incorporated Unveils Dual Port Pluggable OTDR   [Sep-10-18 08:00AM  GlobeNewswire]
▶ Why Applied Optoelectronics Inc. Stock Plunged Today   [Sep-04-18 03:52PM  Motley Fool]
▶ II-VI (IIVI) Q4 2018 Earnings Conference Call Transcript   [Aug-09-18 11:34AM  Motley Fool]
▶ Why Shares of II-VI Inc. Jumped Today   [Aug-07-18 12:33PM  Motley Fool]
▶ This Laser Maker Is Hotter Than Ever   [11:15AM  Motley Fool]
▶ II-VI: Fiscal 4Q Earnings Snapshot   [09:30AM  Associated Press]
▶ II-VI's Q4 Earnings Preview   [Aug-06-18 03:42PM  Benzinga]
▶ Reasons Why I Like II-VI Incorporated (NASDAQ:IIVI)   [Jun-21-18 03:28PM  Simply Wall St.]
▶ Why II-VI Stock Popped 10% Today   [May-01-18 01:30PM  Motley Fool]
▶ II-VI Heats Up on Strong Laser Demand   [01:04PM  Motley Fool]
▶ II-VI: Fiscal 3Q Earnings Snapshot   [09:30AM  Associated Press]
▶ Earnings Preview For II-VI   [Apr-30-18 03:43PM  Benzinga]
▶ Time to Buy II-VI? 1 Analyst Thinks So   [11:30AM  Motley Fool]
▶ II-VI Incorporated Unveils DFB Laser Diode for 3D Sensing   [Mar-12-18 09:00AM  GlobeNewswire]
▶ Why II-VI Inc. Stock Popped 8%   [Mar-09-18 07:41PM  Motley Fool]
▶ Acacia, II-VI Among Best Optical Names, Says Piper   [Feb-13-18 11:37PM  Barrons.com]
▶ II-VI Sees Revenue Shoot Higher   [Feb-02-18 08:39AM  Motley Fool]
▶ II-VI posts 2Q profit   [Feb-01-18 06:11PM  Associated Press]
▶ These Optical Company Stocks Sell Off Amid Apple iPhone X Woes   [04:18PM  Investor's Business Daily]
▶ Top-Rated Stocks Near Buy Point With Earnings Due: II-VI   [Jan-09-18 03:00AM  Investor's Business Daily]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.