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%)
Overall COHR gets a fundamental rating of 5 out of 10. We evaluated COHR against 124 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.
The reported net income has been mixed in the past 5 years: COHR reported negative net income in multiple years.
In the past 5 years COHR always reported a positive cash flow from operatings.
1.2 Ratios
COHR has a Return On Assets (0.80%) which is in line with its industry peers.
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 in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for COHR is significantly below the industry average of 9.00%.
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
Looking at the Profit Margin, with a value of 1.96%, COHR is in line with its industry, outperforming 55.65% of the companies in the same industry.
Looking at the Operating Margin, with a value of 11.28%, COHR is in the better half of the industry, outperforming 77.42% of the companies in the same industry.
COHR's Operating Margin has improved in the last couple of years.
COHR has a Gross Margin (35.78%) which is in line with its industry peers.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so COHR is destroying value.
COHR has more shares outstanding than it did 1 year ago.
The number of shares outstanding for COHR has been increased compared to 5 years ago.
The debt/assets ratio for COHR has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.39 indicates that COHR is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.39, COHR is in line with its industry, outperforming 50.81% 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.
COHR's Debt to FCF ratio of 44.83 is in line compared to the rest of the industry. COHR outperforms 50.00% of 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.
COHR's Debt to Equity ratio of 0.39 is on the low side compared to the rest of the industry. COHR is outperformed by 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
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 48.39% 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 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
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.
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 29.37% yearly.
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
A Price/Earnings ratio of 44.29 indicates a quite expensive valuation of COHR.
COHR's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.19, COHR is valued quite expensively.
Based on the Price/Forward Earnings ratio of 27.43, the valuation of COHR can be described as expensive.
COHR's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 23.88. COHR is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 44.29 | ||
| Fwd PE | 27.43 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of COHR is on the same level as its industry peers.
COHR's Price/Free Cash Flow ratio is in line with 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.