COHERENT CORP (COHR) Stock Fundamental Analysis
USA - NYSE:COHR - US19247G1076 - Common Stock
109.11 USD
+1.06 (+0.98%)
109.12 USD
+0.01 (+0.01%)
COHR gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 125 industry peers in the Electronic Equipment, Instruments & Components industry. There are concerns on the financial health of COHR while its profitability can be described as average. COHR is growing strongly while it is still valued neutral. This is a good combination!
1. Profitability
1.1 Basic Checks
COHR had positive earnings in the past year.
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
With a Return On Assets value of -0.54%, COHR perfoms like the industry average, outperforming 49.60% of the companies in the same industry.
COHR has a Return On Equity (-0.99%) which is in line with its industry peers.
COHR has a Return On Invested Capital (3.62%) 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 9.48%.
The 3 year average ROIC (1.91%) for COHR is below the current ROIC(3.62%), indicating increased profibility in the last year.
| 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 76.80% of its industry peers.
COHR's Operating Margin has improved in the last couple of years.
COHR has a Gross Margin (35.17%) which is in line with its industry peers.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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
Compared to 1 year ago, COHR has an improved debt to assets ratio.
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.
COHR's Debt to FCF ratio of 19.13 is in line compared to the rest of the industry. COHR outperforms 52.80% of its industry peers.
A Debt/Equity ratio of 0.43 indicates that COHR is not too dependend on debt financing.
COHR has a worse Debt to Equity ratio (0.43) than 62.40% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.43 | ||
| Debt/FCF | 19.13 | ||
| Altman-Z | N/A |
ROIC/WACC0.39
WACC9.36%
2.3 Liquidity
COHR has a Current Ratio of 2.19. This indicates that COHR is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of COHR (2.19) is comparable to the rest of the industry.
A Quick Ratio of 1.39 indicates that COHR should not have too much problems paying its short term obligations.
COHR has a Quick ratio of 1.39. This is in the lower half of the industry: COHR underperforms 60.00% of its industry peers.
| 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%.
COHR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 19.54% yearly.
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.
COHR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.90% yearly.
EPS Next Y29.83%
EPS Next 2Y23.21%
EPS Next 3Y27.3%
EPS Next 5YN/A
Revenue Next Year8.74%
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.
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
Based on the Price/Earnings ratio of 30.31, the valuation of COHR can be described as expensive.
COHR's Price/Earnings ratio is a bit cheaper when compared to the industry. COHR is cheaper than 64.00% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.38. COHR is around the same levels.
The Price/Forward Earnings ratio is 23.35, which indicates a rather expensive current valuation of COHR.
Based on the Price/Forward Earnings ratio, COHR is valued a bit cheaper than the industry average as 64.00% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of COHR to the average of the S&P500 Index (22.86), we can say COHR is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.31 | ||
| Fwd PE | 23.35 |
4.2 Price Multiples
69.60% of the companies in the same industry are more expensive than COHR, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as COHR.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 88.19 | ||
| EV/EBITDA | 16.99 |
4.3 Compensation for Growth
COHR's 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 27.30% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.02
PEG (5Y)4.4
EPS Next 2Y23.21%
EPS Next 3Y27.3%
5. Dividend
5.1 Amount
No dividends for COHR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
109.11
+1.06 (+0.98%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners94.79%
Inst Owner Change1.29%
Ins Owners0.6%
Ins Owner Change3.74%
Market Cap17.00B
Analysts81.38
Price Target114.74 (5.16%)
Short Float %5.27%
Short Ratio1.95
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)8.03%
PT rev (3m)16.94%
EPS NQ rev (1m)2.39%
EPS NQ rev (3m)4.36%
EPS NY rev (1m)1.71%
EPS NY rev (3m)4.01%
Revenue NQ rev (1m)-0.25%
Revenue NQ rev (3m)1.43%
Revenue NY rev (1m)-1.08%
Revenue NY rev (3m)-0.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.31 | ||
| Fwd PE | 23.35 | ||
| P/S | 2.93 | ||
| P/FCF | 88.19 | ||
| P/OCF | 26.83 | ||
| P/B | 2.09 | ||
| P/tB | 37.61 | ||
| EV/EBITDA | 16.99 |
EPS(TTM)3.6
EY3.3%
EPS(NY)4.67
Fwd EY4.28%
FCF(TTM)1.24
FCFY1.13%
OCF(TTM)4.07
OCFY3.73%
SpS37.29
BVpS52.16
TBVpS2.9
PEG (NY)1.02
PEG (5Y)4.4
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
WACC9.36%
ROIC/WACC0.39
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 Y29.83%
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 Year8.74%
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 Year47.4%
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%