COHERENT CORP (COHR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:COHR - US19247G1076 - Common Stock
197.45 USD
+4.72 (+2.45%)
191.4 USD
-6.05 (-3.06%)
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. COHR has only an average score on both its financial health and profitability. 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.
Each year in the past 5 years COHR had a positive operating cash flow.
1.2 Ratios
COHR's Return On Assets of 0.80% is in line compared to the rest of the industry. COHR outperforms 48.00% of its industry peers.
The Return On Equity of COHR (1.42%) is comparable to the rest of the industry.
With a Return On Invested Capital value of 4.16%, COHR perfoms like the industry average, 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 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
COHR's Profit Margin of 1.96% is in line compared 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.
In the last couple of years the Operating Margin of COHR has grown nicely.
COHR has a Gross Margin (35.78%) which is comparable to the rest of the industry.
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.
COHR has more shares outstanding than it did 1 year ago.
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 3.75. This indicates that COHR is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of COHR (3.75) is comparable to the rest of the industry.
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.
Looking at the Debt to FCF ratio, with a value of 44.83, COHR is in line with its industry, 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.
The Debt to Equity ratio of COHR (0.39) is worse than 64.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.39 | ||
| Debt/FCF | 44.83 | ||
| Altman-Z | 3.75 |
ROIC/WACC0.46
WACC9%
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 has a Current ratio (2.33) which is in line with 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 has a worse Quick ratio (1.39) than 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.
COHR shows a strong growth in Revenue. In the last year, the Revenue has grown by 20.80%.
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
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.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 49.12, COHR can be considered very expensive at the moment.
COHR's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.59, COHR is valued quite expensively.
Based on the Price/Forward Earnings ratio of 30.53, the valuation of COHR can be described as expensive.
COHR's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.80, COHR is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 49.12 | ||
| Fwd PE | 30.53 |
4.2 Price Multiples
COHR's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of COHR is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 420.58 | ||
| EV/EBITDA | 27.44 |
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)1.12
PEG (5Y)7.13
EPS Next 2Y34.03%
EPS Next 3Y29%
5. Dividend
5.1 Amount
No dividends for COHR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
197.45
+4.72 (+2.45%)
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 Cap31.03B
Revenue(TTM)6.04B
Net Income(TTM)118.25M
Analysts80.69
Price Target171.59 (-13.1%)
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 | 49.12 | ||
| Fwd PE | 30.53 | ||
| P/S | 5.13 | ||
| P/FCF | 420.58 | ||
| P/OCF | 58.93 | ||
| P/B | 3.72 | ||
| P/tB | 42.65 | ||
| EV/EBITDA | 27.44 |
EPS(TTM)4.02
EY2.04%
EPS(NY)6.47
Fwd EY3.28%
FCF(TTM)0.47
FCFY0.24%
OCF(TTM)3.35
OCFY1.7%
SpS38.46
BVpS53.04
TBVpS4.63
PEG (NY)1.12
PEG (5Y)7.13
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 | 3.75 |
F-Score7
WACC9%
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%.