COHERENT CORP (COHR) Stock Fundamental Analysis
USA - NYSE:COHR - US19247G1076 - Common Stock
116.35 USD
+0.39 (+0.34%)
116.8 USD
+0.45 (+0.39%)
We assign a fundamental rating of 4 out of 10 to COHR. COHR was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. While COHR is still in line with the averages on profitability rating, there are concerns on its financial health. COHR is not overvalued while it is showing excellent growth. This is an interesting combination.
1. Profitability
1.1 Basic Checks
COHR had positive earnings in the past year.
COHR had a positive operating cash flow in the past year.
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
With a Return On Assets value of -0.54%, COHR perfoms like the industry average, outperforming 46.77% of the companies in the same industry.
COHR has a Return On Equity (-0.99%) which is comparable to the rest of the industry.
The Return On Invested Capital of COHR (3.62%) is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for COHR is significantly below the industry average of 9.32%.
The last Return On Invested Capital (3.62%) for COHR is above the 3 year average (1.91%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.54% | ||
| ROE | -0.99% | ||
| ROIC | 3.62% |
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 Operating Margin of COHR (10.34%) is better than 76.61% of its industry peers.
In the last couple of years the Operating Margin of COHR has grown nicely.
The Gross Margin of COHR (35.17%) is comparable to the rest of the industry.
COHR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.34% | ||
| PM (TTM) | N/A | ||
| GM | 35.17% |
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.
The number of shares outstanding for COHR has been increased compared to 1 year ago.
COHR has more shares outstanding than it did 5 years ago.
COHR has a better debt/assets ratio than last year.
2.2 Solvency
COHR has a debt to FCF ratio of 19.13. This is a negative value and a sign of low solvency as COHR would need 19.13 years to pay back of all of its debts.
With a Debt to FCF ratio value of 19.13, COHR perfoms like the industry average, outperforming 50.81% of the companies in the same industry.
COHR has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.43, COHR is not doing good in the industry: 63.71% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 19.13 | ||
| Altman-Z | N/A |
ROIC/WACC0.4
WACC9.07%
2.3 Liquidity
A Current Ratio of 2.19 indicates that COHR has no problem at all paying its short term obligations.
COHR's Current ratio of 2.19 is in line compared 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.
With a Quick ratio value of 1.39, COHR is not doing good in the industry: 61.29% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.19 | ||
| 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 116.87%, which is quite impressive.
The Earnings Per Share has been growing slightly by 6.89% on average over the past years.
COHR shows a strong growth in Revenue. In the last year, the Revenue has grown by 23.42%.
The Revenue has been growing by 19.54% on average over the past years. This is quite good.
EPS 1Y (TTM)116.87%
EPS 3Y-1.09%
EPS 5Y6.89%
EPS Q2Q%63.93%
Revenue 1Y (TTM)23.42%
Revenue growth 3Y20.55%
Revenue growth 5Y19.54%
Sales Q2Q%16.39%
3.2 Future
COHR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 27.30% yearly.
The Revenue is expected to grow by 9.90% on average over the next years. This is quite good.
EPS Next Y29.42%
EPS Next 2Y23.21%
EPS Next 3Y27.3%
EPS Next 5YN/A
Revenue Next Year8.72%
Revenue Next 2Y7.94%
Revenue Next 3Y9.9%
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 Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
COHR is valuated quite expensively with a Price/Earnings ratio of 32.32.
Compared to the rest of the industry, the Price/Earnings ratio of COHR indicates a somewhat cheap valuation: COHR is cheaper than 63.71% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.40. COHR is around the same levels.
With a Price/Forward Earnings ratio of 24.97, COHR is valued on the expensive side.
COHR's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. COHR is cheaper than 61.29% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.94, COHR is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.32 | ||
| Fwd PE | 24.97 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, COHR is valued a bit cheaper than the industry average as 66.94% of the companies are valued more expensively.
COHR's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 94.05 | ||
| EV/EBITDA | 18.06 |
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 27.30% in the coming years.
PEG (NY)1.1
PEG (5Y)4.69
EPS Next 2Y23.21%
EPS Next 3Y27.3%
5. Dividend
5.1 Amount
COHR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
116.35
+0.39 (+0.34%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners95.87%
Inst Owner Change0.07%
Ins Owners0.69%
Ins Owner Change3.74%
Market Cap18.13B
Analysts81.38
Price Target114.73 (-1.39%)
Short Float %5.8%
Short Ratio2.07
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0.07
Dividend Growth(5Y)N/A
DP-14.2%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.73%
Min EPS beat(2)4.19%
Max EPS beat(2)7.27%
EPS beat(4)4
Avg EPS beat(4)15.98%
Min EPS beat(4)4.19%
Max EPS beat(4)34.28%
EPS beat(8)8
Avg EPS beat(8)19.38%
EPS beat(12)11
Avg EPS beat(12)12.81%
EPS beat(16)15
Avg EPS beat(16)10.72%
Revenue beat(2)1
Avg Revenue beat(2)0.67%
Min Revenue beat(2)-0.56%
Max Revenue beat(2)1.9%
Revenue beat(4)3
Avg Revenue beat(4)1.05%
Min Revenue beat(4)-0.56%
Max Revenue beat(4)2.33%
Revenue beat(8)5
Avg Revenue beat(8)0.5%
Revenue beat(12)6
Avg Revenue beat(12)-0.56%
Revenue beat(16)8
Avg Revenue beat(16)-0.71%
PT rev (1m)1.9%
PT rev (3m)15.52%
EPS NQ rev (1m)0%
EPS NQ rev (3m)2.77%
EPS NY rev (1m)-0.31%
EPS NY rev (3m)1.7%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.19%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)-0.88%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.32 | ||
| Fwd PE | 24.97 | ||
| P/S | 3.12 | ||
| P/FCF | 94.05 | ||
| P/OCF | 28.61 | ||
| P/B | 2.23 | ||
| P/tB | 40.11 | ||
| EV/EBITDA | 18.06 |
EPS(TTM)3.6
EY3.09%
EPS(NY)4.66
Fwd EY4%
FCF(TTM)1.24
FCFY1.06%
OCF(TTM)4.07
OCFY3.5%
SpS37.29
BVpS52.16
TBVpS2.9
PEG (NY)1.1
PEG (5Y)4.69
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.54% | ||
| ROE | -0.99% | ||
| ROCE | 4.58% | ||
| ROIC | 3.62% | ||
| ROICexc | 3.89% | ||
| ROICexgc | 10.47% | ||
| OM | 10.34% | ||
| PM (TTM) | N/A | ||
| GM | 35.17% | ||
| FCFM | 3.32% |
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%
ROICexcg growth 3Y-16.13%
ROICexcg 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-Score6
Asset Turnover0.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 19.13 | ||
| Debt/EBITDA | 3.03 | ||
| Cap/Depr | 79.63% | ||
| Cap/Sales | 7.59% | ||
| Interest Coverage | 2.34 | ||
| Cash Conversion | 54.9% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.19 | ||
| Quick Ratio | 1.39 | ||
| Altman-Z | N/A |
F-Score6
WACC9.07%
ROIC/WACC0.4
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)116.87%
EPS 3Y-1.09%
EPS 5Y6.89%
EPS Q2Q%63.93%
EPS Next Y29.42%
EPS Next 2Y23.21%
EPS Next 3Y27.3%
EPS Next 5YN/A
Revenue 1Y (TTM)23.42%
Revenue growth 3Y20.55%
Revenue growth 5Y19.54%
Sales Q2Q%16.39%
Revenue Next Year8.72%
Revenue Next 2Y7.94%
Revenue Next 3Y9.9%
Revenue Next 5YN/A
EBIT growth 1Y186.09%
EBIT growth 3Y8.81%
EBIT growth 5Y48.06%
EBIT Next Year42.29%
EBIT Next 3Y24.63%
EBIT Next 5YN/A
FCF growth 1Y-3.09%
FCF growth 3Y24.87%
FCF growth 5Y4.23%
OCF growth 1Y16.1%
OCF growth 3Y15.31%
OCF growth 5Y16.34%