COHERENT CORP (COHR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:COHR - US19247G1076 - Common Stock
185.86 USD
+4.07 (+2.24%)
188 USD
+2.14 (+1.15%)
Taking everything into account, COHR scores 5 out of 10 in our fundamental rating. COHR was compared to 125 industry peers in the Electronic Equipment, Instruments & Components industry. COHR has an average financial health and profitability rating. COHR is valued quite expensively, but it does show have an excellent growth rating.
1. Profitability
1.1 Basic Checks
In the past year COHR was profitable.
COHR had a positive operating cash flow in the past year.
In multiple years COHR reported negative net income over the last 5 years.
In the past 5 years COHR always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.80%, COHR is in line with its industry, outperforming 48.00% of the companies in the same industry.
Looking at the Return On Equity, with a value of 1.42%, COHR is in line with its industry, outperforming 48.80% of the companies in the same industry.
COHR has a Return On Invested Capital (4.16%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for COHR is significantly below the industry average of 9.26%.
The last Return On Invested Capital (4.16%) for COHR is above the 3 year average (1.91%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.8% | ||
| ROE | 1.42% | ||
| ROIC | 4.16% |
ROA(3y)-1.8%
ROA(5y)0.14%
ROE(3y)-3.42%
ROE(5y)-0.03%
ROIC(3y)1.91%
ROIC(5y)3.38%
1.3 Margins
Looking at the Profit Margin, with a value of 1.96%, COHR is in line with its industry, outperforming 54.40% of the companies in the same industry.
COHR's Operating Margin of 11.28% is fine compared to the rest of the industry. COHR outperforms 77.60% of its industry peers.
In the last couple of years the Operating Margin of COHR has grown nicely.
COHR has a Gross Margin (35.78%) which is in line with its industry peers.
In the last couple of years the Gross Margin of COHR has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.28% | ||
| PM (TTM) | 1.96% | ||
| GM | 35.78% |
OM growth 3Y-9.74%
OM growth 5Y23.86%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.68%
GM growth 5Y0.42%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), COHR is destroying value.
The number of shares outstanding for COHR has been increased compared to 1 year ago.
COHR has more shares outstanding than it did 5 years ago.
COHR has a better debt/assets ratio than last year.
2.2 Solvency
COHR has an Altman-Z score of 3.58. This indicates that COHR is financially healthy and has little risk of bankruptcy at the moment.
COHR has a Altman-Z score (3.58) which is comparable to the rest of the industry.
The Debt to FCF ratio of COHR is 44.83, which is on the high side as it means it would take COHR, 44.83 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 44.83, COHR is in line with its industry, outperforming 49.60% of the companies in the same industry.
A Debt/Equity ratio of 0.39 indicates that COHR is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.39, COHR is doing worse than 64.80% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.39 | ||
| Debt/FCF | 44.83 | ||
| Altman-Z | 3.58 |
ROIC/WACC0.46
WACC8.96%
2.3 Liquidity
COHR has a Current Ratio of 2.33. This indicates that COHR is financially healthy and has no problem in meeting its short term obligations.
COHR's Current ratio of 2.33 is in line compared to the rest of the industry. COHR outperforms 48.80% of its industry peers.
COHR has a Quick Ratio of 1.39. This is a normal value and indicates that COHR is financially healthy and should not expect problems in meeting its short term obligations.
COHR's Quick ratio of 1.39 is on the low side compared to the rest of the industry. COHR is outperformed by 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.33 | ||
| Quick Ratio | 1.39 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 79.46% over the past year.
Measured over the past 5 years, COHR shows a small growth in Earnings Per Share. The EPS has been growing by 6.89% on average per year.
The Revenue has grown by 20.80% in the past year. This is a very strong growth!
COHR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.54% yearly.
EPS 1Y (TTM)79.46%
EPS 3Y-1.09%
EPS 5Y6.89%
EPS Q2Q%56.76%
Revenue 1Y (TTM)20.8%
Revenue growth 3Y20.55%
Revenue growth 5Y19.54%
Sales Q2Q%17.3%
3.2 Future
Based on estimates for the next years, COHR will show a very strong growth in Earnings Per Share. The EPS will grow by 29.00% on average per year.
Based on estimates for the next years, COHR will show a quite strong growth in Revenue. The Revenue will grow by 13.44% on average per year.
EPS Next Y43.84%
EPS Next 2Y34.03%
EPS Next 3Y29%
EPS Next 5YN/A
Revenue Next Year15.51%
Revenue Next 2Y14.51%
Revenue Next 3Y13.44%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 46.23, COHR can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of COHR is on the same level as its industry peers.
COHR is valuated expensively when we compare the Price/Earnings ratio to 26.34, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 28.74, COHR can be considered very expensive at the moment.
COHR's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.56, COHR is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.23 | ||
| Fwd PE | 28.74 |
4.2 Price Multiples
COHR's Enterprise Value to EBITDA ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as COHR.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 395.89 | ||
| EV/EBITDA | 25.95 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as COHR's earnings are expected to grow with 29.00% in the coming years.
PEG (NY)1.05
PEG (5Y)6.71
EPS Next 2Y34.03%
EPS Next 3Y29%
5. Dividend
5.1 Amount
COHR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
185.86
+4.07 (+2.24%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners96.7%
Inst Owner Change0.98%
Ins Owners0.62%
Ins Owner Change2.2%
Market Cap29.21B
Revenue(TTM)6.04B
Net Income(TTM)118.25M
Analysts80.69
Price Target171.59 (-7.68%)
Short Float %3.94%
Short Ratio1.49
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0.07
Dividend Growth(5Y)N/A
DP19.34%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.24%
Min EPS beat(2)7.27%
Max EPS beat(2)9.2%
EPS beat(4)4
Avg EPS beat(4)13.74%
Min EPS beat(4)4.19%
Max EPS beat(4)34.28%
EPS beat(8)8
Avg EPS beat(8)16.73%
EPS beat(12)11
Avg EPS beat(12)11.69%
EPS beat(16)15
Avg EPS beat(16)11.13%
Revenue beat(2)1
Avg Revenue beat(2)0.24%
Min Revenue beat(2)-0.56%
Max Revenue beat(2)1.05%
Revenue beat(4)3
Avg Revenue beat(4)1.18%
Min Revenue beat(4)-0.56%
Max Revenue beat(4)2.33%
Revenue beat(8)6
Avg Revenue beat(8)0.86%
Revenue beat(12)7
Avg Revenue beat(12)-0.29%
Revenue beat(16)9
Avg Revenue beat(16)-0.42%
PT rev (1m)40.48%
PT rev (3m)52.39%
EPS NQ rev (1m)1.47%
EPS NQ rev (3m)8.84%
EPS NY rev (1m)10.89%
EPS NY rev (3m)10.8%
Revenue NQ rev (1m)0.85%
Revenue NQ rev (3m)5.36%
Revenue NY rev (1m)6.25%
Revenue NY rev (3m)6.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 46.23 | ||
| Fwd PE | 28.74 | ||
| P/S | 4.83 | ||
| P/FCF | 395.89 | ||
| P/OCF | 55.47 | ||
| P/B | 3.5 | ||
| P/tB | 40.15 | ||
| EV/EBITDA | 25.95 |
EPS(TTM)4.02
EY2.16%
EPS(NY)6.47
Fwd EY3.48%
FCF(TTM)0.47
FCFY0.25%
OCF(TTM)3.35
OCFY1.8%
SpS38.46
BVpS53.04
TBVpS4.63
PEG (NY)1.05
PEG (5Y)6.71
Graham Number69.26
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.8% | ||
| ROE | 1.42% | ||
| ROCE | 5.26% | ||
| ROIC | 4.16% | ||
| ROICexc | 4.45% | ||
| ROICexgc | 11.97% | ||
| OM | 11.28% | ||
| PM (TTM) | 1.96% | ||
| GM | 35.78% | ||
| FCFM | 1.22% |
ROA(3y)-1.8%
ROA(5y)0.14%
ROE(3y)-3.42%
ROE(5y)-0.03%
ROIC(3y)1.91%
ROIC(5y)3.38%
ROICexc(3y)2.05%
ROICexc(5y)4.61%
ROICexgc(3y)5.86%
ROICexgc(5y)10.02%
ROCE(3y)2.42%
ROCE(5y)4.28%
ROICexgc growth 3Y-16.13%
ROICexgc growth 5Y26.18%
ROICexc growth 3Y-25.01%
ROICexc growth 5Y18.65%
OM growth 3Y-9.74%
OM growth 5Y23.86%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-2.68%
GM growth 5Y0.42%
F-Score7
Asset Turnover0.41
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.39 | ||
| Debt/FCF | 44.83 | ||
| Debt/EBITDA | 2.67 | ||
| Cap/Depr | 84.12% | ||
| Cap/Sales | 7.49% | ||
| Interest Coverage | 2.91 | ||
| Cash Conversion | 43.15% | ||
| Profit Quality | 62.39% | ||
| Current Ratio | 2.33 | ||
| Quick Ratio | 1.39 | ||
| Altman-Z | 3.58 |
F-Score7
WACC8.96%
ROIC/WACC0.46
Cap/Depr(3y)68.52%
Cap/Depr(5y)73.87%
Cap/Sales(3y)7.8%
Cap/Sales(5y)7.52%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)79.46%
EPS 3Y-1.09%
EPS 5Y6.89%
EPS Q2Q%56.76%
EPS Next Y43.84%
EPS Next 2Y34.03%
EPS Next 3Y29%
EPS Next 5YN/A
Revenue 1Y (TTM)20.8%
Revenue growth 3Y20.55%
Revenue growth 5Y19.54%
Sales Q2Q%17.3%
Revenue Next Year15.51%
Revenue Next 2Y14.51%
Revenue Next 3Y13.44%
Revenue Next 5YN/A
EBIT growth 1Y105.28%
EBIT growth 3Y8.81%
EBIT growth 5Y48.06%
EBIT Next Year53.74%
EBIT Next 3Y29.7%
EBIT Next 5YN/A
FCF growth 1Y-81.27%
FCF growth 3Y24.87%
FCF growth 5Y4.23%
OCF growth 1Y-30.09%
OCF growth 3Y15.31%
OCF growth 5Y16.34%
COHERENT CORP / COHR FAQ
What is the ChartMill fundamental rating of COHERENT CORP (COHR) stock?
ChartMill assigns a fundamental rating of 5 / 10 to COHR.
Can you provide the valuation status for COHERENT CORP?
ChartMill assigns a valuation rating of 2 / 10 to COHERENT CORP (COHR). This can be considered as Overvalued.
What is the profitability of COHR stock?
COHERENT CORP (COHR) has a profitability rating of 5 / 10.
Can you provide the financial health for COHR stock?
The financial health rating of COHERENT CORP (COHR) is 4 / 10.
Is the dividend of COHERENT CORP sustainable?
The dividend rating of COHERENT CORP (COHR) is 0 / 10 and the dividend payout ratio is 19.34%.