COHERENT CORP (COHR) Stock Fundamental Analysis
USA - NYSE:COHR - US19247G1076 - Common Stock
154.51 USD
-4.79 (-3.01%)
159 USD
+4.49 (+2.91%)
COHR gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 123 industry peers in the Electronic Equipment, Instruments & Components industry. While COHR is still in line with the averages on profitability rating, there are concerns on its financial health. COHR shows excellent growth, but is valued quite expensive already.
1. Profitability
1.1 Basic Checks
In the past year COHR was profitable.
COHR had a positive operating cash flow in the past year.
In multiple years COHR reported negative net income over the last 5 years.
In the past 5 years COHR always reported a positive cash flow from operatings.
1.2 Ratios
COHR has a Return On Assets of -0.54%. This is comparable to the rest of the industry: COHR outperforms 46.34% of its industry peers.
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 9.53%.
The last Return On Invested Capital (3.62%) for COHR is above the 3 year average (1.91%), which is a sign of increasing profitability.
| 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 76.42% of its industry peers.
In the last couple of years the Operating Margin of COHR has grown nicely.
COHR has a Gross Margin of 35.17%. This is comparable to the rest of the industry: COHR outperforms 56.91% of its industry peers.
In the last couple of years the Gross Margin of COHR has remained more or less at the same level.
| 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
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
COHR has more shares outstanding than it did 5 years ago.
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 has a Debt to FCF ratio of 19.13. This is comparable to the rest of the industry: COHR outperforms 50.41% of its industry peers.
COHR has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
COHR's Debt to Equity ratio of 0.43 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 | 0.43 | ||
| Debt/FCF | 19.13 | ||
| Altman-Z | N/A |
ROIC/WACC0.39
WACC9.17%
2.3 Liquidity
A Current Ratio of 2.19 indicates that COHR has no problem at all paying its short term obligations.
COHR has a Current ratio of 2.19. This is comparable to the rest of the industry: COHR outperforms 47.15% of its industry peers.
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 has a worse Quick ratio (1.39) than 60.98% 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 79.46%, which is quite impressive.
The Earnings Per Share has been growing slightly by 6.89% on average over the past years.
The Revenue has grown by 23.42% in the past year. This is a very strong growth!
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)23.42%
Revenue growth 3Y20.55%
Revenue growth 5Y19.54%
Sales Q2Q%17.3%
3.2 Future
The Earnings Per Share is expected to grow by 27.21% on average over the next years. This is a very strong growth
Based on estimates for the next years, COHR will show a quite strong growth in Revenue. The Revenue will grow by 9.90% on average per year.
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.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 38.44, which means the current valuation is very expensive for COHR.
Compared to the rest of the industry, the Price/Earnings ratio of COHR is on the same level as its industry peers.
COHR's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 26.06.
A Price/Forward Earnings ratio of 25.48 indicates a quite expensive valuation of COHR.
Based on the Price/Forward Earnings ratio, COHR is valued a bit cheaper than the industry average as 60.16% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 32.73. COHR is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38.44 | ||
| Fwd PE | 25.48 |
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 ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 125.79 | ||
| EV/EBITDA | 23.42 |
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 27.21% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.29
PEG (5Y)5.58
EPS Next 2Y29.78%
EPS Next 3Y27.21%
5. Dividend
5.1 Amount
COHR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
154.51
-4.79 (-3.01%)
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 Cap24.25B
Revenue(TTM)5.81B
Net Income(TTM)-80.56M
Analysts81.38
Price Target122.14 (-20.95%)
Short Float %4.78%
Short Ratio1.99
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)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 | 38.44 | ||
| Fwd PE | 25.48 | ||
| P/S | 4.17 | ||
| P/FCF | 125.79 | ||
| P/OCF | 38.27 | ||
| P/B | 2.98 | ||
| P/tB | 53.65 | ||
| EV/EBITDA | 23.42 |
EPS(TTM)4.02
EY2.6%
EPS(NY)6.06
Fwd EY3.92%
FCF(TTM)1.23
FCFY0.79%
OCF(TTM)4.04
OCFY2.61%
SpS37.02
BVpS51.79
TBVpS2.88
PEG (NY)1.29
PEG (5Y)5.58
Graham Number68.44
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%
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-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
WACC9.17%
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)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)23.42%
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 1Y186.09%
EBIT growth 3Y8.81%
EBIT growth 5Y48.06%
EBIT Next Year42.29%
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%
COHERENT CORP / COHR FAQ
What is the ChartMill fundamental rating of COHERENT CORP (COHR) stock?
ChartMill assigns a fundamental rating of 4 / 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 4 / 10.
Can you provide the financial health for COHR stock?
The financial health rating of COHERENT CORP (COHR) is 3 / 10.
Is the dividend of COHERENT CORP sustainable?
The dividend rating of COHERENT CORP (COHR) is 0 / 10 and the dividend payout ratio is -14.2%.