COHERENT CORP (COHR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:COHR - US19247G1076 - Common Stock
178.34 USD
-20.16 (-10.16%)
177.12 USD
-1.22 (-0.68%)
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 only an average score on both its financial health and profitability. COHR shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
COHR had positive earnings in the past year.
In the past year COHR had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: COHR reported negative net income in multiple years.
COHR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
COHR has a Return On Assets of 0.80%. This is comparable to the rest of the industry: COHR outperforms 48.00% of its industry peers.
With a Return On Equity value of 1.42%, COHR perfoms like the industry average, outperforming 48.80% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 4.16%, COHR is in line with its industry, outperforming 55.20% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for COHR is significantly below the industry average of 9.26%.
The 3 year average ROIC (1.91%) for COHR is below the current ROIC(4.16%), indicating increased profibility in the last year.
| 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
COHR has a Profit Margin of 1.96%. This is comparable to the rest of the industry: COHR outperforms 54.40% of its industry peers.
The Operating Margin of COHR (11.28%) is better than 77.60% of its industry peers.
COHR's Operating Margin has improved in the last couple of years.
COHR has a Gross Margin of 35.78%. This is comparable to the rest of the industry: COHR outperforms 57.60% of 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.
Compared to 1 year ago, COHR has more shares outstanding
Compared to 5 years ago, COHR has more shares outstanding
The debt/assets ratio for COHR has been reduced compared to a year ago.
2.2 Solvency
COHR has an Altman-Z score of 3.47. This indicates that COHR is financially healthy and has little risk of bankruptcy at the moment.
COHR has a Altman-Z score (3.47) 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.
With a Debt to FCF ratio value of 44.83, COHR perfoms like the industry average, outperforming 48.80% of the companies in the same industry.
COHR has a Debt/Equity ratio of 0.39. This is a healthy value indicating a solid balance between debt and equity.
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 | 3.47 |
ROIC/WACC0.46
WACC8.97%
2.3 Liquidity
A Current Ratio of 2.33 indicates that COHR has no problem at all paying its short term obligations.
The Current ratio of COHR (2.33) is comparable to the rest of the industry.
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.
The Quick ratio of COHR (1.39) is worse than 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.33 | ||
| Quick Ratio | 1.39 |
3. Growth
3.1 Past
COHR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 79.46%, which is quite impressive.
COHR shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.89% yearly.
COHR shows a strong growth in Revenue. In the last year, the Revenue has grown by 20.80%.
Measured over the past years, COHR shows a quite strong growth in Revenue. The Revenue has been growing by 19.54% on average per year.
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
COHR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 29.00% yearly.
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
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
Based on the Price/Earnings ratio of 44.36, the valuation of COHR can be described as expensive.
COHR's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.54, COHR is valued quite expensively.
The Price/Forward Earnings ratio is 27.58, which means the current valuation is very expensive for COHR.
The rest of the industry has a similar Price/Forward Earnings ratio as COHR.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.78, COHR is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.36 | ||
| Fwd PE | 27.58 |
4.2 Price Multiples
COHR's Enterprise Value to EBITDA is on the same level as the industry average.
COHR's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 379.88 | ||
| EV/EBITDA | 24.98 |
4.3 Compensation for Growth
COHR's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
COHR's earnings are expected to grow with 29.00% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.01
PEG (5Y)6.44
EPS Next 2Y34.03%
EPS Next 3Y29%
5. Dividend
5.1 Amount
COHR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
178.34
-20.16 (-10.16%)
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 Cap28.03B
Revenue(TTM)6.04B
Net Income(TTM)118.25M
Analysts80.69
Price Target171.59 (-3.78%)
Short Float %3.94%
Short Ratio1.49
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)49.54%
EPS NQ rev (1m)1.47%
EPS NQ rev (3m)9.06%
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)6.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.36 | ||
| Fwd PE | 27.58 | ||
| P/S | 4.64 | ||
| P/FCF | 379.88 | ||
| P/OCF | 53.22 | ||
| P/B | 3.36 | ||
| P/tB | 38.52 | ||
| EV/EBITDA | 24.98 |
EPS(TTM)4.02
EY2.25%
EPS(NY)6.47
Fwd EY3.63%
FCF(TTM)0.47
FCFY0.26%
OCF(TTM)3.35
OCFY1.88%
SpS38.46
BVpS53.04
TBVpS4.63
PEG (NY)1.01
PEG (5Y)6.44
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 | 3.47 |
F-Score7
WACC8.97%
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 3 / 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%.