COHERENT CORP (COHR) Stock Fundamental Analysis
NYSE:COHR - New York Stock Exchange, Inc. - US19247G1076 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to COHR. COHR was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. COHR has only an average score on both its financial health and profitability. COHR is growing strongly while it is still valued neutral. This is a good combination!
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
Looking at the Return On Assets, with a value of -0.22%, COHR is in line with its industry, outperforming 50.00% of the companies in the same industry.
COHR has a Return On Equity (-0.41%) which is comparable to the rest of the industry.
COHR's Return On Invested Capital of 3.37% is in line compared to the rest of the industry. COHR outperforms 57.26% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for COHR is significantly below the industry average of 9.31%.
The last Return On Invested Capital (3.37%) for COHR is above the 3 year average (2.57%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.22% | ||
| ROE | -0.41% | ||
| ROIC | 3.37% |
ROA(3y)-0.92%
ROA(5y)-0.01%
ROE(3y)-1.83%
ROE(5y)-0.48%
ROIC(3y)2.57%
ROIC(5y)2.95%
1.3 Margins
With a decent Operating Margin value of 9.86%, COHR is doing good in the industry, outperforming 79.03% of the companies in the same industry.
COHR's Operating Margin has declined in the last couple of years.
COHR has a Gross Margin (34.48%) which is comparable to the rest of the industry.
In the last couple of years the Gross Margin of COHR has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.86% | ||
| PM (TTM) | N/A | ||
| GM | 34.48% |
OM growth 3Y-33.11%
OM growth 5Y-22.11%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-7.56%
GM growth 5Y-4.17%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), COHR is destroying value.
Compared to 1 year ago, COHR has more shares outstanding
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 an Altman-Z score of 2.28. This is not the best score and indicates that COHR is in the grey zone with still only limited risk for bankruptcy at the moment.
COHR's Altman-Z score of 2.28 is on the low side compared to the rest of the industry. COHR is outperformed by 66.94% of its industry peers.
The Debt to FCF ratio of COHR is 14.56, which is on the high side as it means it would take COHR, 14.56 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 14.56, COHR perfoms like the industry average, outperforming 54.03% of the companies in the same industry.
COHR has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.48, COHR is not doing good in the industry: 70.97% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 14.56 | ||
| Altman-Z | 2.28 |
ROIC/WACC0.41
WACC8.24%
2.3 Liquidity
A Current Ratio of 2.47 indicates that COHR has no problem at all paying its short term obligations.
COHR has a Current ratio (2.47) which is comparable to the rest of the industry.
A Quick Ratio of 1.54 indicates that COHR should not have too much problems paying its short term obligations.
COHR's Quick ratio of 1.54 is in line compared to the rest of the industry. COHR outperforms 41.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.47 | ||
| Quick Ratio | 1.54 |
3. Growth
3.1 Past
COHR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 119.86%, which is quite impressive.
The Earnings Per Share has been decreasing by -8.30% on average over the past years.
The Revenue has grown by 21.67% in the past year. This is a very strong growth!
The Revenue has been growing by 28.14% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)119.86%
EPS 3Y-23.51%
EPS 5Y-8.3%
EPS Q2Q%71.7%
Revenue 1Y (TTM)21.67%
Revenue growth 3Y14.87%
Revenue growth 5Y28.14%
Sales Q2Q%23.92%
3.2 Future
COHR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 48.77% yearly.
Based on estimates for the next years, COHR will show a quite strong growth in Revenue. The Revenue will grow by 13.04% on average per year.
EPS Next Y115.77%
EPS Next 2Y66.38%
EPS Next 3Y48.77%
EPS Next 5YN/A
Revenue Next Year23.89%
Revenue Next 2Y16.73%
Revenue Next 3Y13.04%
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 estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 32.02, COHR can be considered very expensive at the moment.
Based on the Price/Earnings ratio, COHR is valued a bit cheaper than 60.48% of the companies in the same industry.
When comparing the Price/Earnings ratio of COHR to the average of the S&P500 Index (26.82), we can say COHR is valued inline with the index average.
The Price/Forward Earnings ratio is 22.37, which indicates a rather expensive current valuation of COHR.
Based on the Price/Forward Earnings ratio, COHR is valued a bit cheaper than 60.48% of the companies in the same industry.
COHR is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 36.21, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.02 | ||
| Fwd PE | 22.37 |
4.2 Price Multiples
COHR's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. COHR is cheaper than 65.32% of the companies in the same industry.
COHR's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 62.35 | ||
| EV/EBITDA | 17.56 |
4.3 Compensation for Growth
COHR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as COHR's earnings are expected to grow with 48.77% in the coming years.
PEG (NY)0.28
PEG (5Y)N/A
EPS Next 2Y66.38%
EPS Next 3Y48.77%
5. Dividend
5.1 Amount
No dividends for COHR!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
102.79
-4.81 (-4.47%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners92.97%
Inst Owner Change1.2%
Ins Owners0.61%
Ins Owner Change-1.34%
Market Cap15.98B
Analysts81.48
Price Target101.32 (-1.43%)
Short Float %5.66%
Short Ratio3.15
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)19.23%
Min EPS beat(2)4.19%
Max EPS beat(2)34.28%
EPS beat(4)4
Avg EPS beat(4)14.27%
Min EPS beat(4)0.45%
Max EPS beat(4)34.28%
EPS beat(8)8
Avg EPS beat(8)19.29%
EPS beat(12)11
Avg EPS beat(12)12.37%
EPS beat(16)15
Avg EPS beat(16)11.12%
Revenue beat(2)2
Avg Revenue beat(2)2.12%
Min Revenue beat(2)1.9%
Max Revenue beat(2)2.33%
Revenue beat(4)4
Avg Revenue beat(4)1.44%
Min Revenue beat(4)0.53%
Max Revenue beat(4)2.33%
Revenue beat(8)6
Avg Revenue beat(8)0.91%
Revenue beat(12)7
Avg Revenue beat(12)-0.4%
Revenue beat(16)9
Avg Revenue beat(16)-0.61%
PT rev (1m)2.01%
PT rev (3m)1.4%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.01%
EPS NY rev (1m)0%
EPS NY rev (3m)1.53%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)2.26%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)1.58%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.02 | ||
| Fwd PE | 22.37 | ||
| P/S | 2.86 | ||
| P/FCF | 62.35 | ||
| P/OCF | 24 | ||
| P/B | 2.04 | ||
| P/tB | 216.78 | ||
| EV/EBITDA | 17.56 |
EPS(TTM)3.21
EY3.12%
EPS(NY)4.6
Fwd EY4.47%
FCF(TTM)1.65
FCFY1.6%
OCF(TTM)4.28
OCFY4.17%
SpS35.99
BVpS50.27
TBVpS0.47
PEG (NY)0.28
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.22% | ||
| ROE | -0.41% | ||
| ROCE | 4.26% | ||
| ROIC | 3.37% | ||
| ROICexc | 3.61% | ||
| ROICexgc | 10.1% | ||
| OM | 9.86% | ||
| PM (TTM) | N/A | ||
| GM | 34.48% | ||
| FCFM | 4.58% |
ROA(3y)-0.92%
ROA(5y)-0.01%
ROE(3y)-1.83%
ROE(5y)-0.48%
ROIC(3y)2.57%
ROIC(5y)2.95%
ROICexc(3y)3.83%
ROICexc(5y)4.17%
ROICexgc(3y)8.28%
ROICexgc(5y)8.58%
ROCE(3y)3.26%
ROCE(5y)3.73%
ROICexcg growth 3Y-38.53%
ROICexcg growth 5Y-25%
ROICexc growth 3Y-46.21%
ROICexc growth 5Y-34.59%
OM growth 3Y-33.11%
OM growth 5Y-22.11%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-7.56%
GM growth 5Y-4.17%
F-Score6
Asset Turnover0.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 14.56 | ||
| Debt/EBITDA | 3.35 | ||
| Cap/Depr | 72.79% | ||
| Cap/Sales | 7.32% | ||
| Interest Coverage | 2 | ||
| Cash Conversion | 59.74% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.47 | ||
| Quick Ratio | 1.54 | ||
| Altman-Z | 2.28 |
F-Score6
WACC8.24%
ROIC/WACC0.41
Cap/Depr(3y)78.52%
Cap/Depr(5y)70.67%
Cap/Sales(3y)8.43%
Cap/Sales(5y)7.18%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)119.86%
EPS 3Y-23.51%
EPS 5Y-8.3%
EPS Q2Q%71.7%
EPS Next Y115.77%
EPS Next 2Y66.38%
EPS Next 3Y48.77%
EPS Next 5YN/A
Revenue 1Y (TTM)21.67%
Revenue growth 3Y14.87%
Revenue growth 5Y28.14%
Sales Q2Q%23.92%
Revenue Next Year23.89%
Revenue Next 2Y16.73%
Revenue Next 3Y13.04%
Revenue Next 5YN/A
EBIT growth 1Y226.98%
EBIT growth 3Y-23.16%
EBIT growth 5Y-0.2%
EBIT Next Year89.64%
EBIT Next 3Y34.79%
EBIT Next 5YN/A
FCF growth 1Y99.42%
FCF growth 3Y-22.55%
FCF growth 5Y36.88%
OCF growth 1Y12.86%
OCF growth 3Y-1.69%
OCF growth 5Y25.05%