Intrinsic value of II-VI - IIVI

Previous Close

$45.65

  Intrinsic Value

$30.19

stock screener

  Rating & Target

sell

-34%

Previous close

$45.65

 
Intrinsic value

$30.19

 
Up/down potential

-34%

 
Rating

sell

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 2017), $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 2.9

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  17.50
  16.25
  15.13
  14.11
  13.20
  12.38
  11.64
  10.98
  10.38
  9.84
  9.36
  8.92
  8.53
  8.18
  7.86
  7.57
  7.32
  7.08
  6.88
  6.69
  6.52
  6.37
  6.23
  6.11
  6.00
  5.90
  5.81
  5.73
  5.65
  5.59
Revenue, $m
  1,142
  1,328
  1,529
  1,744
  1,974
  2,219
  2,477
  2,749
  3,035
  3,333
  3,645
  3,971
  4,309
  4,662
  5,028
  5,409
  5,805
  6,216
  6,643
  7,088
  7,550
  8,030
  8,531
  9,052
  9,595
  10,160
  10,751
  11,366
  12,009
  12,680
Variable operating expenses, $m
  878
  1,015
  1,163
  1,321
  1,491
  1,670
  1,860
  2,060
  2,270
  2,490
  2,681
  2,920
  3,169
  3,429
  3,698
  3,978
  4,269
  4,572
  4,886
  5,213
  5,553
  5,906
  6,274
  6,658
  7,057
  7,473
  7,907
  8,360
  8,832
  9,326
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
  975
  1,114
  1,264
  1,425
  1,597
  1,778
  1,971
  2,173
  2,386
  2,608
  2,802
  3,043
  3,295
  3,558
  3,830
  4,113
  4,407
  4,713
  5,030
  5,360
  5,703
  6,059
  6,431
  6,818
  7,221
  7,640
  8,078
  8,535
  9,011
  9,508
Operating income, $m
  167
  214
  264
  319
  378
  440
  506
  576
  649
  725
  844
  927
  1,014
  1,104
  1,198
  1,296
  1,398
  1,504
  1,614
  1,728
  1,847
  1,971
  2,100
  2,234
  2,374
  2,520
  2,673
  2,832
  2,998
  3,171
EBITDA, $m
  284
  344
  409
  479
  554
  633
  717
  805
  898
  996
  1,097
  1,203
  1,314
  1,429
  1,548
  1,673
  1,802
  1,936
  2,076
  2,221
  2,372
  2,530
  2,693
  2,864
  3,042
  3,227
  3,421
  3,623
  3,834
  4,054
Interest expense (income), $m
  7
  19
  24
  30
  36
  43
  50
  57
  65
  74
  82
  92
  101
  111
  122
  133
  144
  156
  168
  181
  194
  208
  222
  237
  252
  268
  285
  303
  321
  340
  360
Earnings before tax, $m
  148
  190
  235
  283
  335
  391
  449
  511
  575
  643
  752
  826
  902
  982
  1,066
  1,152
  1,242
  1,336
  1,433
  1,534
  1,639
  1,749
  1,863
  1,982
  2,106
  2,235
  2,370
  2,511
  2,658
  2,812
Tax expense, $m
  40
  51
  63
  77
  91
  105
  121
  138
  155
  174
  203
  223
  244
  265
  288
  311
  335
  361
  387
  414
  443
  472
  503
  535
  569
  603
  640
  678
  718
  759
Net income, $m
  108
  138
  171
  207
  245
  285
  328
  373
  420
  469
  549
  603
  659
  717
  778
  841
  907
  975
  1,046
  1,120
  1,197
  1,277
  1,360
  1,447
  1,537
  1,632
  1,730
  1,833
  1,940
  2,053

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
  1,634
  1,899
  2,187
  2,495
  2,825
  3,174
  3,544
  3,933
  4,341
  4,769
  5,215
  5,680
  6,165
  6,669
  7,193
  7,738
  8,304
  8,892
  9,504
  10,140
  10,801
  11,488
  12,204
  12,950
  13,726
  14,536
  15,380
  16,261
  17,180
  18,140
Adjusted assets (=assets-cash), $m
  1,634
  1,899
  2,187
  2,495
  2,825
  3,174
  3,544
  3,933
  4,341
  4,769
  5,215
  5,680
  6,165
  6,669
  7,193
  7,738
  8,304
  8,892
  9,504
  10,140
  10,801
  11,488
  12,204
  12,950
  13,726
  14,536
  15,380
  16,261
  17,180
  18,140
Revenue / Adjusted assets
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
  0.699
Average production assets, $m
  795
  924
  1,064
  1,214
  1,374
  1,544
  1,724
  1,913
  2,112
  2,320
  2,537
  2,764
  2,999
  3,245
  3,500
  3,765
  4,040
  4,326
  4,624
  4,933
  5,255
  5,589
  5,937
  6,300
  6,678
  7,072
  7,482
  7,911
  8,358
  8,825
Working capital, $m
  162
  189
  217
  248
  280
  315
  352
  390
  431
  473
  518
  564
  612
  662
  714
  768
  824
  883
  943
  1,006
  1,072
  1,140
  1,211
  1,285
  1,362
  1,443
  1,527
  1,614
  1,705
  1,801
Total debt, $m
  443
  549
  664
  787
  919
  1,059
  1,207
  1,362
  1,526
  1,697
  1,875
  2,061
  2,255
  2,457
  2,666
  2,884
  3,111
  3,346
  3,591
  3,845
  4,109
  4,384
  4,671
  4,969
  5,280
  5,603
  5,941
  6,293
  6,661
  7,045
Total liabilities, $m
  654
  760
  875
  998
  1,130
  1,270
  1,418
  1,573
  1,737
  1,907
  2,086
  2,272
  2,466
  2,668
  2,877
  3,095
  3,322
  3,557
  3,802
  4,056
  4,320
  4,595
  4,882
  5,180
  5,490
  5,814
  6,152
  6,504
  6,872
  7,256
Total equity, $m
  980
  1,140
  1,312
  1,497
  1,695
  1,905
  2,126
  2,360
  2,605
  2,861
  3,129
  3,408
  3,699
  4,001
  4,316
  4,643
  4,982
  5,335
  5,702
  6,084
  6,480
  6,893
  7,323
  7,770
  8,236
  8,721
  9,228
  9,756
  10,308
  10,884
Total liabilities and equity, $m
  1,634
  1,900
  2,187
  2,495
  2,825
  3,175
  3,544
  3,933
  4,342
  4,768
  5,215
  5,680
  6,165
  6,669
  7,193
  7,738
  8,304
  8,892
  9,504
  10,140
  10,800
  11,488
  12,205
  12,950
  13,726
  14,535
  15,380
  16,260
  17,180
  18,140
Debt-to-equity ratio
  0.450
  0.480
  0.510
  0.530
  0.540
  0.560
  0.570
  0.580
  0.590
  0.590
  0.600
  0.600
  0.610
  0.610
  0.620
  0.620
  0.620
  0.630
  0.630
  0.630
  0.630
  0.640
  0.640
  0.640
  0.640
  0.640
  0.640
  0.650
  0.650
  0.650
Adjusted equity ratio
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600
  0.600

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  108
  138
  171
  207
  245
  285
  328
  373
  420
  469
  549
  603
  659
  717
  778
  841
  907
  975
  1,046
  1,120
  1,197
  1,277
  1,360
  1,447
  1,537
  1,632
  1,730
  1,833
  1,940
  2,053
Depreciation, amort., depletion, $m
  118
  131
  145
  160
  176
  193
  211
  230
  250
  270
  254
  276
  300
  324
  350
  376
  404
  433
  462
  493
  525
  559
  594
  630
  668
  707
  748
  791
  836
  883
Funds from operations, $m
  226
  269
  316
  367
  421
  478
  539
  602
  669
  740
  803
  879
  959
  1,042
  1,128
  1,218
  1,311
  1,408
  1,508
  1,613
  1,722
  1,836
  1,954
  2,077
  2,205
  2,339
  2,478
  2,624
  2,776
  2,935
Change in working capital, $m
  24
  26
  29
  31
  33
  35
  37
  39
  41
  42
  44
  46
  48
  50
  52
  54
  56
  58
  61
  63
  66
  68
  71
  74
  77
  80
  84
  87
  91
  95
Cash from operations, $m
  202
  243
  288
  336
  388
  443
  502
  564
  629
  697
  758
  833
  911
  992
  1,076
  1,163
  1,255
  1,349
  1,448
  1,550
  1,656
  1,767
  1,883
  2,003
  2,128
  2,258
  2,395
  2,537
  2,685
  2,840
Maintenance CAPEX, $m
  -68
  -79
  -92
  -106
  -121
  -137
  -154
  -172
  -191
  -211
  -232
  -254
  -276
  -300
  -324
  -350
  -376
  -404
  -433
  -462
  -493
  -525
  -559
  -594
  -630
  -668
  -707
  -748
  -791
  -836
New CAPEX, $m
  -118
  -129
  -140
  -150
  -160
  -170
  -180
  -189
  -199
  -208
  -217
  -226
  -236
  -245
  -255
  -265
  -275
  -286
  -297
  -309
  -322
  -335
  -348
  -363
  -378
  -394
  -411
  -429
  -447
  -467
Cash from investing activities, $m
  -186
  -208
  -232
  -256
  -281
  -307
  -334
  -361
  -390
  -419
  -449
  -480
  -512
  -545
  -579
  -615
  -651
  -690
  -730
  -771
  -815
  -860
  -907
  -957
  -1,008
  -1,062
  -1,118
  -1,177
  -1,238
  -1,303
Free cash flow, $m
  16
  34
  56
  80
  106
  136
  168
  202
  239
  278
  309
  353
  399
  446
  496
  548
  603
  659
  718
  778
  842
  907
  975
  1,046
  1,120
  1,197
  1,277
  1,360
  1,447
  1,537
Issuance/(repayment) of debt, $m
  97
  106
  115
  123
  132
  140
  148
  156
  163
  171
  179
  186
  194
  202
  210
  218
  226
  235
  245
  254
  264
  275
  286
  298
  311
  324
  338
  352
  368
  384
Issuance/(repurchase) of shares, $m
  38
  21
  1
  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  
  135
  127
  116
  123
  132
  140
  148
  156
  163
  171
  179
  186
  194
  202
  210
  218
  226
  235
  245
  254
  264
  275
  286
  298
  311
  324
  338
  352
  368
  384
Total cash flow (excl. dividends), $m
  151
  161
  171
  203
  238
  276
  316
  358
  402
  449
  488
  539
  592
  648
  706
  766
  829
  894
  962
  1,033
  1,106
  1,182
  1,262
  1,345
  1,431
  1,521
  1,614
  1,712
  1,814
  1,921
Retained Cash Flow (-), $m
  -146
  -159
  -172
  -185
  -198
  -210
  -222
  -233
  -245
  -256
  -268
  -279
  -291
  -302
  -314
  -327
  -340
  -353
  -367
  -381
  -397
  -413
  -430
  -447
  -466
  -486
  -507
  -528
  -552
  -576
Prev. year cash balance distribution, $m
  67
  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
  12
  14
  16
  18
  21
  24
  27
  30
  33
  36
  40
  44
  48
  52
  56
  60
  65
  70
  75
  80
  85
  91
  96
  102
  109
  115
  122
  129
  136
  144
Cash available for distribution, $m
  72
  2
  -1
  18
  40
  66
  94
  124
  157
  193
  220
  260
  302
  346
  392
  439
  489
  541
  595
  651
  709
  770
  832
  897
  965
  1,035
  1,108
  1,184
  1,263
  1,345
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
  69
  2
  -1
  15
  31
  48
  63
  78
  90
  101
  104
  111
  115
  116
  115
  112
  106
  100
  92
  83
  73
  64
  55
  46
  38
  30
  24
  18
  14
  10
Current shareholders' claim on cash, %
  98.6
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9
  97.9

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 30.3
Price to Sales 3
Price to Book 3.2
Price to Tangible Book
Price to Cash Flow 24.2
Price to Free Cash Flow -144.1
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 million for the last fiscal year's total revenue generated by II-VI. The default revenue input number comes from 2017 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 17.5% 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 77.5%.

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 1.2%.

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 69.6%.

Life of production assets of 10 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 14.2%. 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 - $901 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 63 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 $2.9 billion.

RELATED COMPANIES Price Int.Val. Rating
GLW Corning 33.02 8.89  str.sell
LPTH Lightpath Tech 2.06 1.99  hold
DYSL Dynasil of Ame 1.35 0.18  str.sell
FNSR Finisar 19.13 123.06  str.buy
LITE Lumentum Holdi 59.95 54.61  hold
MKSI MKS Instrument 88.90 1,156.69  str.buy

COMPANY NEWS

▶ 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   [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]
▶ ETFs with exposure to II-VI, Inc. : December 19, 2017   [Dec-19-17 01:20PM  Capital Cube]
▶ Here's One Surprising New Way to Invest in Apple   [Dec-14-17 09:54AM  TheStreet.com]
▶ ETFs with exposure to II-VI, Inc. : December 8, 2017   [Dec-08-17 01:05PM  Capital Cube]
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

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

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