COHERENT CORP (COHR) Stock Fundamental Analysis
USA - NYSE:COHR - US19247G1076 - Common Stock
139.33 USD
-0.64 (-0.46%)
139.5 USD
+0.17 (+0.12%)
Overall COHR gets a fundamental rating of 5 out of 10. We evaluated COHR against 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.
COHR had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: COHR reported negative net income in multiple years.
Each year in the past 5 years COHR had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.80%, COHR is in line with its industry, outperforming 50.41% of the companies in the same industry.
Looking at the Return On Equity, with a value of 1.42%, COHR is in line with its industry, outperforming 51.22% of the companies in the same industry.
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 9.58%.
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 has a Profit Margin of 1.96%. This is comparable to the rest of the industry: COHR outperforms 55.28% of its industry peers.
Looking at the Operating Margin, with a value of 11.28%, COHR is in the better half of the industry, outperforming 77.24% of the companies in the same industry.
COHR's Operating Margin has improved in the last couple of years.
COHR has a Gross Margin of 35.78%. This is comparable to the rest of the industry: COHR outperforms 57.72% of 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.
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
An Altman-Z score of 2.90 indicates that COHR is not a great score, but indicates only limited risk for bankruptcy at the moment.
COHR has a Altman-Z score of 2.90. This is comparable to the rest of the industry: COHR outperforms 44.72% of its industry peers.
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 (44.83) which is in line with 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.
Looking at the Debt to Equity ratio, with a value of 0.39, COHR is doing worse than 65.85% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.39 | ||
| Debt/FCF | 44.83 | ||
| Altman-Z | 2.9 |
ROIC/WACC0.45
WACC9.14%
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.
Looking at the Current ratio, with a value of 2.33, COHR is in line with its industry, outperforming 49.59% 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.
Looking at the Quick ratio, with a value of 1.39, COHR is doing worse than 60.98% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.33 | ||
| 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 79.46%, which is quite impressive.
COHR shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.89% yearly.
Looking at the last year, COHR shows a very strong growth in Revenue. The Revenue has grown by 20.80%.
The Revenue has been growing by 19.54% on average over the past years. This is quite good.
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
Based on estimates for the next years, COHR will show a very strong growth in Earnings Per Share. The EPS will grow by 27.21% on average per year.
The Revenue is expected to grow by 9.90% on average over the next years. This is quite good.
EPS Next Y29.71%
EPS Next 2Y29.78%
EPS Next 3Y27.21%
EPS Next 5YN/A
Revenue Next Year8.72%
Revenue Next 2Y9.96%
Revenue Next 3Y9.9%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 34.66, which means the current valuation is very expensive for COHR.
COHR's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 25.89. COHR is valued slightly more expensive when compared to this.
Based on the Price/Forward Earnings ratio of 22.98, the valuation of COHR can be described as rather expensive.
Based on the Price/Forward Earnings ratio, COHR is valued a bit cheaper than the industry average as 60.98% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of COHR to the average of the S&P500 Index (34.59), we can say COHR is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.66 | ||
| Fwd PE | 22.98 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as COHR.
COHR's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 296.39 | ||
| EV/EBITDA | 20.01 |
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 27.21% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.17
PEG (5Y)5.03
EPS Next 2Y29.78%
EPS Next 3Y27.21%
5. Dividend
5.1 Amount
No dividends for COHR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
139.33
-0.64 (-0.46%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners95.87%
Inst Owner Change-0.08%
Ins Owners0.69%
Ins Owner Change3.38%
Market Cap21.87B
Revenue(TTM)6.04B
Net Income(TTM)118.25M
Analysts81.38
Price Target122.14 (-12.34%)
Short Float %4.78%
Short Ratio1.99
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)6.46%
PT rev (3m)20.55%
EPS NQ rev (1m)0.43%
EPS NQ rev (3m)3.21%
EPS NY rev (1m)0.23%
EPS NY rev (3m)1.62%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.09%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.66 | ||
| Fwd PE | 22.98 | ||
| P/S | 3.62 | ||
| P/FCF | 296.39 | ||
| P/OCF | 41.53 | ||
| P/B | 2.62 | ||
| P/tB | 30.06 | ||
| EV/EBITDA | 20.01 |
EPS(TTM)4.02
EY2.89%
EPS(NY)6.06
Fwd EY4.35%
FCF(TTM)0.47
FCFY0.34%
OCF(TTM)3.36
OCFY2.41%
SpS38.51
BVpS53.11
TBVpS4.64
PEG (NY)1.17
PEG (5Y)5.03
Graham Number69.31
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 | 2.9 |
F-Score7
WACC9.14%
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 3Y27.21%
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 3Y9.9%
Revenue Next 5YN/A
EBIT growth 1Y105.28%
EBIT growth 3Y8.81%
EBIT growth 5Y48.06%
EBIT Next Year42.29%
EBIT Next 3Y24.63%
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%.