COHERENT CORP (COHR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:COHR - US19247G1076 - Common Stock
151.81 USD
+12.3 (+8.82%)
149 USD
-2.81 (-1.85%)
Taking everything into account, COHR scores 5 out of 10 in our fundamental rating. COHR was compared to 123 industry peers in the Electronic Equipment, Instruments & Components industry. COHR has an average financial health and profitability rating. 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 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 48.78% of its industry peers.
COHR has a Return On Invested Capital (4.16%) which 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 9.11%.
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 54.47% of the companies in the same industry.
COHR has a better Operating Margin (11.28%) than 78.05% of its industry peers.
COHR's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 35.78%, COHR is in line with its industry, outperforming 57.72% 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), COHR 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.
Compared to 1 year ago, COHR has an improved debt to assets ratio.
2.2 Solvency
COHR has an Altman-Z score of 2.89. This is not the best score and indicates that COHR is in the grey zone with still only limited risk for bankruptcy at the moment.
The Altman-Z score of COHR (2.89) is comparable to the rest of the 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 has a Debt to FCF ratio of 44.83. This is comparable to the rest of the industry: COHR outperforms 49.59% of its industry peers.
A Debt/Equity ratio of 0.39 indicates that COHR is not too dependend on debt financing.
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 65.85% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.39 | ||
| Debt/FCF | 44.83 | ||
| Altman-Z | 2.89 |
ROIC/WACC0.45
WACC9.24%
2.3 Liquidity
A Current Ratio of 2.33 indicates that COHR has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.33, COHR is in line with its industry, outperforming 48.78% of the companies in the same industry.
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's Quick ratio of 1.39 is on the low side compared to the rest of the industry. COHR is outperformed by 60.16% 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.
The Earnings Per Share has been growing slightly by 6.89% on average over the past years.
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 29.00% yearly.
COHR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.44% yearly.
EPS Next Y29.71%
EPS Next 2Y29.78%
EPS Next 3Y29%
EPS Next 5YN/A
Revenue Next Year8.72%
Revenue Next 2Y9.96%
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.
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 37.76, which means the current valuation is very expensive for COHR.
COHR's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 25.47, COHR is valued a bit more expensive.
The Price/Forward Earnings ratio is 25.04, which means the current valuation is very expensive for COHR.
Based on the Price/Forward Earnings ratio, COHR is valued a bit cheaper than 60.16% of the companies in the same industry.
COHR's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 34.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.76 | ||
| Fwd PE | 25.04 |
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 | 323.37 | ||
| EV/EBITDA | 19.98 |
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 29.00% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.27
PEG (5Y)5.48
EPS Next 2Y29.78%
EPS Next 3Y29%
5. Dividend
5.1 Amount
No dividends for COHR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
151.81
+12.3 (+8.82%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners95.87%
Inst Owner Change0.96%
Ins Owners0.69%
Ins Owner Change1.2%
Market Cap23.86B
Revenue(TTM)6.04B
Net Income(TTM)118.25M
Analysts81.38
Price Target171.59 (13.03%)
Short Float %4.38%
Short Ratio1.72
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)49.55%
PT rev (3m)52.36%
EPS NQ rev (1m)9.06%
EPS NQ rev (3m)8.85%
EPS NY rev (1m)0.23%
EPS NY rev (3m)1.62%
Revenue NQ rev (1m)5.36%
Revenue NQ rev (3m)3.41%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.76 | ||
| Fwd PE | 25.04 | ||
| P/S | 3.95 | ||
| P/FCF | 323.37 | ||
| P/OCF | 45.31 | ||
| P/B | 2.86 | ||
| P/tB | 32.79 | ||
| EV/EBITDA | 19.98 |
EPS(TTM)4.02
EY2.65%
EPS(NY)6.06
Fwd EY3.99%
FCF(TTM)0.47
FCFY0.31%
OCF(TTM)3.35
OCFY2.21%
SpS38.46
BVpS53.04
TBVpS4.63
PEG (NY)1.27
PEG (5Y)5.48
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 | 2.89 |
F-Score7
WACC9.24%
ROIC/WACC0.45
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 Y29.71%
EPS Next 2Y29.78%
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 Year8.72%
Revenue Next 2Y9.96%
Revenue Next 3Y13.44%
Revenue Next 5YN/A
EBIT growth 1Y105.28%
EBIT growth 3Y8.81%
EBIT growth 5Y48.06%
EBIT Next Year42.29%
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 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.
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%.