COHERENT CORP (COHR) Stock Fundamental Analysis
NYSE:COHR - New York Stock Exchange, Inc. - US19247G1076 - Common Stock
Taking everything into account, COHR scores 4 out of 10 in our fundamental rating. COHR was compared to 126 industry peers in the Electronic Equipment, Instruments & Components industry. While COHR seems to be doing ok healthwise, there are quite some concerns on its profitability. COHR has a decent growth rate and is not valued too expensively.
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
COHR has a Return On Assets (-1.28%) which is comparable to the rest of the industry.
COHR has a Return On Equity (-2.38%) which is in line with its industry peers.
COHR's Return On Invested Capital of 1.97% is in line compared to the rest of the industry. COHR outperforms 52.89% of its industry peers.
The Average Return On Invested Capital over the past 3 years for COHR is significantly below the industry average of 9.03%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.28% | ||
| ROE | -2.38% | ||
| ROIC | 1.97% |
ROA(3y)-0.92%
ROA(5y)-0.01%
ROE(3y)-1.83%
ROE(5y)-0.48%
ROIC(3y)2.57%
ROIC(5y)2.95%
1.3 Margins
COHR has a better Operating Margin (6.64%) than 72.73% of its industry peers.
COHR's Operating Margin has declined in the last couple of years.
COHR has a Gross Margin (32.49%) which is comparable to the rest of the industry.
COHR's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.64% | ||
| PM (TTM) | N/A | ||
| GM | 32.49% |
OM growth 3Y-33.11%
OM growth 5Y-22.11%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-7.56%
GM growth 5Y-4.17%
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.
COHR has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 1.97 indicates that COHR is not a great score, but indicates only limited risk for bankruptcy at the moment.
COHR's Altman-Z score of 1.97 is on the low side compared to the rest of the industry. COHR is outperformed by 68.59% of its industry peers.
COHR has a debt to FCF ratio of 32.35. This is a negative value and a sign of low solvency as COHR would need 32.35 years to pay back of all of its debts.
COHR has a Debt to FCF ratio (32.35) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.50 indicates that COHR is not too dependend on debt financing.
COHR's Debt to Equity ratio of 0.50 is on the low side compared to the rest of the industry. COHR is outperformed by 76.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 32.35 | ||
| Altman-Z | 1.97 |
ROIC/WACC0.19
WACC10.33%
2.3 Liquidity
A Current Ratio of 2.67 indicates that COHR has no problem at all paying its short term obligations.
COHR has a Current ratio (2.67) which is in line with its industry peers.
COHR has a Quick Ratio of 1.65. This is a normal value and indicates that COHR is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of COHR (1.65) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.67 | ||
| Quick Ratio | 1.65 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.67% over the past year.
The Earnings Per Share has been decreasing by -8.30% on average over the past years.
COHR shows a small growth in Revenue. In the last year, the Revenue has grown by 2.75%.
Measured over the past years, COHR shows a very strong growth in Revenue. The Revenue has been growing by 28.14% on average per year.
EPS 1Y (TTM)6.67%
EPS 3Y-23.51%
EPS 5Y-8.3%
EPS Q2Q%362.5%
Revenue 1Y (TTM)2.75%
Revenue growth 3Y14.87%
Revenue growth 5Y28.14%
Sales Q2Q%28.01%
3.2 Future
The Earnings Per Share is expected to grow by 48.77% 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 13.04% on average per year.
EPS Next Y85.97%
EPS Next 2Y63.65%
EPS Next 3Y48.77%
EPS Next 5YN/A
Revenue Next Year19.08%
Revenue Next 2Y15.25%
Revenue Next 3Y13.04%
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
The Price/Earnings ratio is 43.88, which means the current valuation is very expensive for COHR.
COHR's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.96, COHR is valued quite expensively.
With a Price/Forward Earnings ratio of 22.11, COHR is valued on the expensive side.
68.59% of the companies in the same industry are more expensive than COHR, based on the Price/Forward Earnings ratio.
COHR's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.11.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.88 | ||
| Fwd PE | 22.11 |
4.2 Price Multiples
COHR's Enterprise Value to EBITDA is on the same level as the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as COHR.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 123.28 | ||
| EV/EBITDA | 19.93 |
4.3 Compensation for Growth
COHR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
COHR's earnings are expected to grow with 48.77% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.51
PEG (5Y)N/A
EPS Next 2Y63.65%
EPS Next 3Y48.77%
5. Dividend
5.1 Amount
COHR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
COHERENT CORP
NYSE:COHR (1/17/2025, 8:04:00 PM)
After market: 99.89 +1.6 (+1.63%)98.29
+2.62 (+2.74%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners88.67%
Inst Owner Change-0.03%
Ins Owners0.58%
Ins Owner Change7.2%
Market Cap15.20B
Analysts79.26
Price Target114.27 (16.26%)
Short Float %3.46%
Short Ratio2.04
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.31%
Min EPS beat(2)0.45%
Max EPS beat(2)18.17%
EPS beat(4)4
Avg EPS beat(4)19.73%
Min EPS beat(4)0.45%
Max EPS beat(4)37.18%
EPS beat(8)7
Avg EPS beat(8)10.67%
EPS beat(12)11
Avg EPS beat(12)10.26%
EPS beat(16)15
Avg EPS beat(16)9.85%
Revenue beat(2)2
Avg Revenue beat(2)0.76%
Min Revenue beat(2)0.53%
Max Revenue beat(2)1%
Revenue beat(4)3
Avg Revenue beat(4)0.55%
Min Revenue beat(4)-0.84%
Max Revenue beat(4)1.49%
Revenue beat(8)4
Avg Revenue beat(8)-1.03%
Revenue beat(12)6
Avg Revenue beat(12)-0.95%
Revenue beat(16)7
Avg Revenue beat(16)-0.95%
PT rev (1m)2.31%
PT rev (3m)35.74%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-9.52%
EPS NY rev (1m)0.04%
EPS NY rev (3m)3.88%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.71%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)2.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.88 | ||
| Fwd PE | 22.11 | ||
| P/S | 3.04 | ||
| P/FCF | 123.28 | ||
| P/OCF | 30.41 | ||
| P/B | 1.92 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.93 |
EPS(TTM)2.24
EY2.28%
EPS(NY)4.45
Fwd EY4.52%
FCF(TTM)0.8
FCFY0.81%
OCF(TTM)3.23
OCFY3.29%
SpS32.35
BVpS51.06
TBVpS-1.37
PEG (NY)0.51
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.28% | ||
| ROE | -2.38% | ||
| ROCE | 2.49% | ||
| ROIC | 1.97% | ||
| ROICexc | 2.13% | ||
| ROICexgc | 6.23% | ||
| OM | 6.64% | ||
| PM (TTM) | N/A | ||
| GM | 32.49% | ||
| FCFM | 2.46% |
ROA(3y)-0.92%
ROA(5y)-0.01%
ROE(3y)-1.83%
ROE(5y)-0.48%
ROIC(3y)2.57%
ROIC(5y)2.95%
ROICexc(3y)3.83%
ROICexc(5y)4.17%
ROICexgc(3y)8.28%
ROICexgc(5y)8.58%
ROCE(3y)3.26%
ROCE(5y)3.73%
ROICexcg growth 3Y-38.53%
ROICexcg growth 5Y-25%
ROICexc growth 3Y-46.21%
ROICexc growth 5Y-34.59%
OM growth 3Y-33.11%
OM growth 5Y-22.11%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-7.56%
GM growth 5Y-4.17%
F-Score5
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.5 | ||
| Debt/FCF | 32.35 | ||
| Debt/EBITDA | 4.4 | ||
| Cap/Depr | 67.36% | ||
| Cap/Sales | 7.53% | ||
| Interest Coverage | 1.08 | ||
| Cash Conversion | 56.09% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.67 | ||
| Quick Ratio | 1.65 | ||
| Altman-Z | 1.97 |
F-Score5
WACC10.33%
ROIC/WACC0.19
Cap/Depr(3y)78.52%
Cap/Depr(5y)70.67%
Cap/Sales(3y)8.43%
Cap/Sales(5y)7.18%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)6.67%
EPS 3Y-23.51%
EPS 5Y-8.3%
EPS Q2Q%362.5%
EPS Next Y85.97%
EPS Next 2Y63.65%
EPS Next 3Y48.77%
EPS Next 5YN/A
Revenue 1Y (TTM)2.75%
Revenue growth 3Y14.87%
Revenue growth 5Y28.14%
Sales Q2Q%28.01%
Revenue Next Year19.08%
Revenue Next 2Y15.25%
Revenue Next 3Y13.04%
Revenue Next 5YN/A
EBIT growth 1Y109.47%
EBIT growth 3Y-23.16%
EBIT growth 5Y-0.2%
EBIT Next Year83.87%
EBIT Next 3Y34.79%
EBIT Next 5YN/A
FCF growth 1Y253.33%
FCF growth 3Y-22.55%
FCF growth 5Y36.88%
OCF growth 1Y13.46%
OCF growth 3Y-1.69%
OCF growth 5Y25.05%