COHERENT CORP (COHR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:COHR - US19247G1076 - Common Stock
181.79 USD
+4.44 (+2.5%)
181 USD
-0.79 (-0.43%)
Overall COHR gets a fundamental rating of 5 out of 10. We evaluated COHR against 125 industry peers in the Electronic Equipment, Instruments & Components industry. Both the profitability and the financial health of COHR get a neutral evaluation. Nothing too spectacular is happening here. COHR is valued quite expensive, but it does show an excellent growth.
1. Profitability
1.1 Basic Checks
In the past year COHR was profitable.
COHR had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: COHR reported negative net income in multiple years.
Each year in the past 5 years COHR had a positive operating cash flow.
1.2 Ratios
COHR has a Return On Assets (0.80%) which is comparable to the rest of the industry.
The Return On Equity of COHR (1.42%) is comparable to the rest of the industry.
COHR's Return On Invested Capital of 4.16% is in line compared to the rest of the industry. COHR outperforms 55.20% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital 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
The Profit Margin of COHR (1.96%) is comparable to the rest of the industry.
Looking at the Operating Margin, with a value of 11.28%, COHR is in the better half of the industry, outperforming 77.60% of the companies in the same industry.
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
COHR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, COHR has more shares outstanding
The number of shares outstanding for COHR has been increased compared to 5 years ago.
Compared to 1 year ago, COHR has an improved debt to assets ratio.
2.2 Solvency
COHR has an Altman-Z score of 3.52. This indicates that COHR is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.52, COHR is in line with its industry, outperforming 54.40% of the companies in the same 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.
The Debt to FCF ratio of COHR (44.83) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.39 indicates that COHR is not too dependend on debt financing.
COHR has a Debt to Equity ratio of 0.39. This is in the lower half of the industry: COHR underperforms 64.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.39 | ||
| Debt/FCF | 44.83 | ||
| Altman-Z | 3.52 |
ROIC/WACC0.47
WACC8.93%
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.
With a Current ratio value of 2.33, COHR perfoms like the industry average, outperforming 48.80% of the companies in the same industry.
A Quick Ratio of 1.39 indicates that COHR should not have too much problems paying 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
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.
The Earnings Per Share has been growing slightly by 6.89% on average over the past years.
Looking at the last year, COHR shows a very strong growth in Revenue. 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.
The Revenue is expected to grow by 13.44% on average over the next years. This is quite good.
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 45.22, COHR can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as COHR.
When comparing the Price/Earnings ratio of COHR to the average of the S&P500 Index (26.49), we can say COHR is valued expensively.
A Price/Forward Earnings ratio of 28.11 indicates a quite expensive valuation of COHR.
Compared to the rest of the industry, the Price/Forward Earnings ratio of COHR is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 23.69. COHR is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 45.22 | ||
| Fwd PE | 28.11 |
4.2 Price Multiples
COHR's Enterprise Value to EBITDA ratio is in line with the industry average.
COHR's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 387.22 | ||
| EV/EBITDA | 25.42 |
4.3 Compensation for Growth
COHR's 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)1.03
PEG (5Y)6.56
EPS Next 2Y34.03%
EPS Next 3Y29%
5. Dividend
5.1 Amount
No dividends for COHR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
181.79
+4.44 (+2.5%)
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 Cap28.57B
Revenue(TTM)6.04B
Net Income(TTM)118.25M
Analysts80.69
Price Target171.59 (-5.61%)
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 | 45.22 | ||
| Fwd PE | 28.11 | ||
| P/S | 4.73 | ||
| P/FCF | 387.22 | ||
| P/OCF | 54.25 | ||
| P/B | 3.43 | ||
| P/tB | 39.27 | ||
| EV/EBITDA | 25.42 |
EPS(TTM)4.02
EY2.21%
EPS(NY)6.47
Fwd EY3.56%
FCF(TTM)0.47
FCFY0.26%
OCF(TTM)3.35
OCFY1.84%
SpS38.46
BVpS53.04
TBVpS4.63
PEG (NY)1.03
PEG (5Y)6.56
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 | 3.52 |
F-Score7
WACC8.93%
ROIC/WACC0.47
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%.