COHERENT CORP (COHR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:COHR - US19247G1076 - Common Stock
178.06 USD
+4.91 (+2.84%)
177.98 USD
-0.08 (-0.04%)
Taking everything into account, COHR scores 5 out of 10 in our fundamental rating. COHR was compared to 124 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 expensively, but it does show have an excellent growth rating.
1. Profitability
1.1 Basic Checks
In the past year COHR was profitable.
In the past year COHR had a positive cash flow from operations.
In multiple years COHR reported negative net income over the last 5 years.
COHR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of COHR (0.80%) is comparable to the rest of the industry.
COHR's Return On Equity of 1.42% is in line compared to the rest of the industry. COHR outperforms 49.19% of its industry peers.
COHR has a Return On Invested Capital (4.16%) which is comparable to the rest of the industry.
COHR had an Average Return On Invested Capital over the past 3 years of 1.91%. This is significantly below the industry average of 9.00%.
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 (1.96%) which is in line with its industry peers.
COHR's Operating Margin of 11.28% is fine compared to the rest of the industry. COHR outperforms 77.42% of its industry peers.
In the last couple of years the Operating Margin of COHR has grown nicely.
With a Gross Margin value of 35.78%, COHR perfoms like the industry average, outperforming 58.06% of the companies in the same industry.
COHR's Gross Margin has been stable in the last couple of years.
| 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.
COHR has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, COHR has more shares outstanding
COHR has a better debt/assets ratio than last year.
2.2 Solvency
COHR has an Altman-Z score of 3.39. This indicates that COHR is financially healthy and has little risk of bankruptcy at the moment.
COHR has a Altman-Z score (3.39) which is in line with its industry peers.
COHR has a debt to FCF ratio of 44.83. This is a negative value and a sign of low solvency as COHR would need 44.83 years to pay back of all of its debts.
COHR has a Debt to FCF ratio (44.83) which is in line with its industry peers.
COHR has a Debt/Equity ratio of 0.39. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of COHR (0.39) is worse than 64.52% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.39 | ||
| Debt/FCF | 44.83 | ||
| Altman-Z | 3.39 |
ROIC/WACC0.44
WACC9.38%
2.3 Liquidity
A Current Ratio of 2.33 indicates that COHR has no problem at all paying its short term obligations.
COHR has a Current ratio of 2.33. This is comparable to the rest of the industry: COHR outperforms 48.39% of its industry peers.
A Quick Ratio of 1.39 indicates that COHR should not have too much problems paying its short term obligations.
COHR has a Quick ratio of 1.39. This is comparable to the rest of the industry: COHR outperforms 41.94% 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.
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.
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
The Earnings Per Share is expected to grow by 29.37% on average over the next years. This is a very strong growth
Based on estimates for the next years, COHR will show a quite strong growth in Revenue. The Revenue will grow by 13.60% on average per year.
EPS Next Y44.01%
EPS Next 2Y34.28%
EPS Next 3Y29.37%
EPS Next 5YN/A
Revenue Next Year15.57%
Revenue Next 2Y14.72%
Revenue Next 3Y13.6%
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
COHR is valuated quite expensively with a Price/Earnings ratio of 44.29.
Compared to the rest of the industry, the Price/Earnings ratio of COHR is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 27.19, COHR is valued quite expensively.
With a Price/Forward Earnings ratio of 27.43, COHR can be considered very expensive at the moment.
COHR's Price/Forward Earnings ratio is in line with the industry average.
COHR is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.88, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.29 | ||
| Fwd PE | 27.43 |
4.2 Price Multiples
COHR's Enterprise Value to EBITDA ratio is in line with the industry average.
COHR's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 379.28 | ||
| EV/EBITDA | 24.31 |
4.3 Compensation for Growth
The 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 29.37% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.01
PEG (5Y)6.43
EPS Next 2Y34.28%
EPS Next 3Y29.37%
5. Dividend
5.1 Amount
COHR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
178.06
+4.91 (+2.84%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners97.16%
Inst Owner Change0%
Ins Owners0.61%
Ins Owner Change2.2%
Market Cap27.98B
Revenue(TTM)6.04B
Net Income(TTM)118.25M
Analysts80.69
Price Target179.64 (0.89%)
Short Float %3.39%
Short Ratio1.17
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)4.69%
PT rev (3m)56.56%
EPS NQ rev (1m)-0.05%
EPS NQ rev (3m)9%
EPS NY rev (1m)0.12%
EPS NY rev (3m)11.28%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)5.36%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)6.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.29 | ||
| Fwd PE | 27.43 | ||
| P/S | 4.63 | ||
| P/FCF | 379.28 | ||
| P/OCF | 53.14 | ||
| P/B | 3.36 | ||
| P/tB | 38.46 | ||
| EV/EBITDA | 24.31 |
EPS(TTM)4.02
EY2.26%
EPS(NY)6.49
Fwd EY3.65%
FCF(TTM)0.47
FCFY0.26%
OCF(TTM)3.35
OCFY1.88%
SpS38.46
BVpS53.04
TBVpS4.63
PEG (NY)1.01
PEG (5Y)6.43
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 | 3.39 |
F-Score7
WACC9.38%
ROIC/WACC0.44
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 Y44.01%
EPS Next 2Y34.28%
EPS Next 3Y29.37%
EPS Next 5YN/A
Revenue 1Y (TTM)20.8%
Revenue growth 3Y20.55%
Revenue growth 5Y19.54%
Sales Q2Q%17.3%
Revenue Next Year15.57%
Revenue Next 2Y14.72%
Revenue Next 3Y13.6%
Revenue Next 5YN/A
EBIT growth 1Y105.28%
EBIT growth 3Y8.81%
EBIT growth 5Y48.06%
EBIT Next Year55.53%
EBIT Next 3Y30.28%
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.
What is the valuation status of COHERENT CORP (COHR) stock?
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.
What is the valuation of COHERENT CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for COHERENT CORP (COHR) is 44.29 and the Price/Book (PB) ratio is 3.36.
Can you provide the expected EPS growth for COHR stock?
The Earnings per Share (EPS) of COHERENT CORP (COHR) is expected to grow by 44.01% in the next year.