COHERENT CORP - COHR 6 07/01/23 (IIVI) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:IIVI - US19247G2066
227.08 USD
+11.82 (+5.49%)
We assign a fundamental rating of 4 out of 10 to IIVI. IIVI was compared to 125 industry peers in the Electronic Equipment, Instruments & Components industry. IIVI scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. IIVI is valued quite expensively, but it does show have an excellent growth rating.
1. Profitability
1.1 Basic Checks
- IIVI had positive earnings in the past year.
- In the past year IIVI had a positive cash flow from operations.
1.2 Ratios
- IIVI has negative profitability rations, so we won't be analyzing them here.
- IIVI has a Return On Invested Capital (1.87%) which is in line with its industry peers.
- IIVI had an Average Return On Invested Capital over the past 3 years of 4.47%. This is below the industry average of 8.82%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | N/A | ||
| ROE | N/A | ||
| ROIC | 1.87% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)4.47%
ROIC(5y)6.09%
1.3 Margins
- IIVI's Profit Margin has declined in the last couple of years.
- IIVI has a Operating Margin of 6.00%. This is in the better half of the industry: IIVI outperforms 71.32% of its industry peers.
- In the last couple of years the Operating Margin of IIVI has grown nicely.
- IIVI has a Gross Margin of 33.06%. This is in the better half of the industry: IIVI outperforms 60.47% of its industry peers.
- In the last couple of years the Gross Margin of IIVI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6% | ||
| PM (TTM) | N/A | ||
| GM | 33.06% |
OM growth 3Y0.85%
OM growth 5Y1.69%
PM growth 3Y-13.99%
PM growth 5Y-12.53%
GM growth 3Y-0.09%
GM growth 5Y-0.92%
2. Health
2.1 Basic Checks
- IIVI 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 IIVI has been increased compared to 1 year ago.
- The debt/assets ratio for IIVI is higher compared to a year ago.
2.2 Solvency
- An Altman-Z score of 3.57 indicates that IIVI is not in any danger for bankruptcy at the moment.
- IIVI's Altman-Z score of 3.57 is fine compared to the rest of the industry. IIVI outperforms 60.47% of its industry peers.
- IIVI has a debt to FCF ratio of 34.44. This is a negative value and a sign of low solvency as IIVI would need 34.44 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 34.44, IIVI is in line with its industry, outperforming 59.69% of the companies in the same industry.
- IIVI has a Debt/Equity ratio of 0.58. This is a neutral value indicating IIVI is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.58, IIVI is doing worse than 83.72% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | 34.44 | ||
| Altman-Z | 3.57 |
ROIC/WACC0.2
WACC9.56%
2.3 Liquidity
- IIVI has a Current Ratio of 3.08. This indicates that IIVI is financially healthy and has no problem in meeting its short term obligations.
- Looking at the Current ratio, with a value of 3.08, IIVI is in the better half of the industry, outperforming 62.02% of the companies in the same industry.
- A Quick Ratio of 1.82 indicates that IIVI should not have too much problems paying its short term obligations.
- IIVI has a Quick ratio of 1.82. This is comparable to the rest of the industry: IIVI outperforms 51.94% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.08 | ||
| Quick Ratio | 1.82 |
3. Growth
3.1 Past
- IIVI shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.93%.
- IIVI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.68% yearly.
- The Revenue has grown by 49.56% in the past year. This is a very strong growth!
- The Revenue has been growing by 27.82% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-1.93%
EPS 3Y13.27%
EPS 5Y18.68%
EPS Q2Q%-38.95%
Revenue 1Y (TTM)49.56%
Revenue growth 3Y34.52%
Revenue growth 5Y27.82%
Sales Q2Q%49.84%
3.2 Future
- IIVI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.68% yearly.
- Based on estimates for the next years, IIVI will show a quite strong growth in Revenue. The Revenue will grow by 17.99% on average per year.
EPS Next Y2.69%
EPS Next 2Y11.05%
EPS Next 3Y15.16%
EPS Next 5Y11.68%
Revenue Next Year65.72%
Revenue Next 2Y33.82%
Revenue Next 3Y25.01%
Revenue Next 5Y17.99%
3.3 Evolution
- Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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
- Based on the Price/Earnings ratio of 63.97, the valuation of IIVI can be described as expensive.
- Compared to the rest of the industry, the Price/Earnings ratio of IIVI is on the same level as its industry peers.
- IIVI's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.38.
- A Price/Forward Earnings ratio of 49.50 indicates a quite expensive valuation of IIVI.
- IIVI's Price/Forward Earnings is on the same level as the industry average.
- The average S&P500 Price/Forward Earnings ratio is at 24.29. IIVI is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 63.97 | ||
| Fwd PE | 49.5 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of IIVI is on the same level as its industry peers.
- 60.47% of the companies in the same industry are more expensive than IIVI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 246.31 | ||
| EV/EBITDA | 41.79 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates IIVI does not grow enough to justify the current Price/Earnings ratio.
- IIVI's earnings are expected to grow with 15.16% in the coming years. This may justify a more expensive valuation.
PEG (NY)23.79
PEG (5Y)3.42
EPS Next 2Y11.05%
EPS Next 3Y15.16%
5. Dividend
5.1 Amount
- IIVI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
COHERENT CORP - COHR 6 07/01/23
NYSE:IIVI (6/30/2023, 8:21:10 PM)
227.08
+11.82 (+5.49%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)05-10 2023-05-10/bmo
Earnings (Next)08-22 2023-08-22/bmo
Inst Owners0.01%
Inst Owner Change0%
Ins Owners0.76%
Ins Owner Change0%
Market Cap31.65B
Revenue(TTM)4.84B
Net Income(TTM)-162.49M
Analysts74.55
Price Target203.06 (-10.58%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP-16.99%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-15.25%
Min EPS beat(2)-30.58%
Max EPS beat(2)0.07%
EPS beat(4)3
Avg EPS beat(4)-1.48%
Min EPS beat(4)-30.58%
Max EPS beat(4)22.58%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-5.63%
Min Revenue beat(2)-9.14%
Max Revenue beat(2)-2.12%
Revenue beat(4)1
Avg Revenue beat(4)-3.03%
Min Revenue beat(4)-9.14%
Max Revenue beat(4)1.27%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-29.31%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-58.41%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-15.5%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 63.97 | ||
| Fwd PE | 49.5 | ||
| P/S | 6.54 | ||
| P/FCF | 246.31 | ||
| P/OCF | 53.66 | ||
| P/B | 4.25 | ||
| P/tB | N/A | ||
| EV/EBITDA | 41.79 |
EPS(TTM)3.55
EY1.56%
EPS(NY)4.59
Fwd EY2.02%
FCF(TTM)0.92
FCFY0.41%
OCF(TTM)4.23
OCFY1.86%
SpS34.74
BVpS53.46
TBVpS-7.23
PEG (NY)23.79
PEG (5Y)3.42
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | N/A | ||
| ROE | N/A | ||
| ROCE | N/A | ||
| ROIC | 1.87% | ||
| ROICexc | 2.01% | ||
| ROICexgc | 6.67% | ||
| OM | 6% | ||
| PM (TTM) | N/A | ||
| GM | 33.06% | ||
| FCFM | N/A |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)4.47%
ROIC(5y)6.09%
ROICexc(3y)6.56%
ROICexc(5y)7.9%
ROICexgc(3y)12.66%
ROICexgc(5y)13.34%
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y7.05%
ROICexgc growth 5Y2.62%
ROICexc growth 3Y-2.61%
ROICexc growth 5Y-1.07%
OM growth 3Y0.85%
OM growth 5Y1.69%
PM growth 3Y-13.99%
PM growth 5Y-12.53%
GM growth 3Y-0.09%
GM growth 5Y-0.92%
F-Score3
Asset Turnover0.34
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | 34.44 | ||
| Debt/EBITDA | 5.26 | ||
| Cap/Depr | 83.67% | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 3.08 | ||
| Quick Ratio | 1.82 | ||
| Altman-Z | 3.57 |
F-Score3
WACC9.56%
ROIC/WACC0.2
Cap/Depr(3y)75.81%
Cap/Depr(5y)113.17%
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1.93%
EPS 3Y13.27%
EPS 5Y18.68%
EPS Q2Q%-38.95%
EPS Next Y2.69%
EPS Next 2Y11.05%
EPS Next 3Y15.16%
EPS Next 5Y11.68%
Revenue 1Y (TTM)49.56%
Revenue growth 3Y34.52%
Revenue growth 5Y27.82%
Sales Q2Q%49.84%
Revenue Next Year65.72%
Revenue Next 2Y33.82%
Revenue Next 3Y25.01%
Revenue Next 5Y17.99%
EBIT growth 1Y-35.57%
EBIT growth 3Y35.66%
EBIT growth 5Y29.99%
EBIT Next Year120.78%
EBIT Next 3Y40.91%
EBIT Next 5Y25.33%
FCF growth 1Y-73.55%
FCF growth 3Y33.72%
FCF growth 5YN/A
OCF growth 1Y-5.44%
OCF growth 3Y32.29%
OCF growth 5Y28.36%
COHERENT CORP - COHR 6 07/01/23 / IIVI FAQ
What is the ChartMill fundamental rating of COHERENT CORP - COHR 6 07/01/23 (IIVI) stock?
ChartMill assigns a fundamental rating of 3 / 10 to IIVI.
Can you provide the valuation status for COHERENT CORP - COHR 6 07/01/23?
ChartMill assigns a valuation rating of 0 / 10 to COHERENT CORP - COHR 6 07/01/23 (IIVI). This can be considered as Overvalued.
How profitable is COHERENT CORP - COHR 6 07/01/23 (IIVI) stock?
COHERENT CORP - COHR 6 07/01/23 (IIVI) has a profitability rating of 1 / 10.
What are the PE and PB ratios of COHERENT CORP - COHR 6 07/01/23 (IIVI) stock?
The Price/Earnings (PE) ratio for COHERENT CORP - COHR 6 07/01/23 (IIVI) is 63.97 and the Price/Book (PB) ratio is 4.25.
Is the dividend of COHERENT CORP - COHR 6 07/01/23 sustainable?
The dividend rating of COHERENT CORP - COHR 6 07/01/23 (IIVI) is 0 / 10 and the dividend payout ratio is -16.99%.