COHERENT CORP (COHR)
US19247G1076 - Common Stock
Taking everything into account, COHR scores 3 out of 10 in our fundamental rating. COHR was compared to 127 industry peers in the Electronic Equipment, Instruments & Components industry. COHR has a bad profitability rating. Also its financial health evaluation is rather negative. COHR has a correct valuation and a medium growth rate.
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.
The reported net income has been mixed in the past 5 years: COHR reported negative net income in multiple years.
COHR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of -2.75%, COHR is in line with its industry, outperforming 45.24% of the companies in the same industry.
Looking at the Return On Equity, with a value of -5.19%, COHR is in line with its industry, outperforming 44.44% of the companies in the same industry.
The Return On Invested Capital of COHR (1.19%) is comparable to the rest of the industry.
COHR had an Average Return On Invested Capital over the past 3 years of 4.28%. This is significantly below the industry average of 9.42%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.75% | ||
| ROE | -5.19% | ||
| ROIC | 1.19% |
ROA(3y)1.06%
ROA(5y)1.48%
ROE(3y)1.5%
ROE(5y)2.16%
ROIC(3y)4.28%
ROIC(5y)4.72%
1.3 Margins
COHR has a Operating Margin (4.14%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of COHR has declined.
COHR has a Gross Margin (30.85%) which is in line with its industry peers.
COHR's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.14% | ||
| PM (TTM) | N/A | ||
| GM | 30.85% |
OM growth 3Y-4.1%
OM growth 5Y-23.74%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-3.07%
GM growth 5Y-4.66%
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 worse debt/assets ratio than last year.
2.2 Solvency
COHR has an Altman-Z score of 1.35. This is a bad value and indicates that COHR is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of COHR (1.35) is worse than 65.87% of its industry peers.
COHR has a debt to FCF ratio of 16.45. This is a negative value and a sign of low solvency as COHR would need 16.45 years to pay back of all of its debts.
COHR has a Debt to FCF ratio of 16.45. This is comparable to the rest of the industry: COHR outperforms 51.59% of its industry peers.
A Debt/Equity ratio of 0.53 indicates that COHR is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.53, COHR is not doing good in the industry: 73.81% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | 16.45 | ||
| Altman-Z | 1.35 |
ROIC/WACC0.12
WACC9.73%
2.3 Liquidity
A Current Ratio of 2.88 indicates that COHR has no problem at all paying its short term obligations.
COHR has a Current ratio (2.88) which is in line with its industry peers.
COHR has a Quick Ratio of 1.79. This is a normal value and indicates that COHR is financially healthy and should not expect problems in meeting its short term obligations.
COHR has a Quick ratio (1.79) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.88 | ||
| Quick Ratio | 1.79 |
3. Growth
3.1 Past
The earnings per share for COHR have decreased strongly by -61.48% in the last year.
COHR shows a small growth in Revenue. In the last year, the Revenue has grown by 4.52%.
Measured over the past years, COHR shows a very strong growth in Revenue. The Revenue has been growing by 34.81% on average per year.
EPS 1Y (TTM)-61.48%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-62.11%
Revenue 1Y (TTM)4.52%
Revenue growth 3Y29.43%
Revenue growth 5Y34.81%
Revenue growth Q2Q-17.43%
3.2 Future
The Earnings Per Share is expected to grow by 10.80% on average over the next years. This is quite good.
Based on estimates for the next years, COHR will show a small growth in Revenue. The Revenue will grow by 5.91% on average per year.
EPS Next Y52.16%
EPS Next 2Y37.28%
EPS Next 3Y10.8%
EPS Next 5YN/A
Revenue Next Year15.41%
Revenue Next 2Y12.2%
Revenue Next 3Y5.91%
Revenue Next 5YN/A
3.3 Evolution
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
COHR is valuated quite expensively with a Price/Earnings ratio of 37.42.
The rest of the industry has a similar Price/Earnings ratio as COHR.
Compared to an average S&P500 Price/Earnings ratio of 28.06, COHR is valued a bit more expensive.
A Price/Forward Earnings ratio of 9.95 indicates a reasonable valuation of COHR.
COHR's Price/Forward Earnings ratio is rather cheap when compared to the industry. COHR is cheaper than 92.06% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 20.72. COHR is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.42 | ||
| Fwd PE | 9.95 |
4.2 Price Multiples
65.87% of the companies in the same industry are more expensive than COHR, based on the Enterprise Value to EBITDA ratio.
COHR's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. COHR is cheaper than 63.49% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.51 | ||
| EV/EBITDA | 14.12 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.72
PEG (5Y)N/A
EPS Next 2Y37.28%
EPS Next 3Y10.8%
5. Dividend
5.1 Amount
No dividends for COHR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
COHERENT CORP
NYSE:COHR (5/3/2024, 3:10:02 PM)
After market: 56.51 0 (0%)56.51
+1.15 (+2.08%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap8.58B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.42 | ||
| Fwd PE | 9.95 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.72
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.75% | ||
| ROE | -5.19% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 4.14% | ||
| PM (TTM) | N/A | ||
| GM | 30.85% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.32
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.53 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.88 | ||
| Quick Ratio | 1.79 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-61.48%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y52.16%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)4.52%
Revenue growth 3Y29.43%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y