COHERENT CORP - COHR 6 07/01/23 (IIVI) Stock Fundamental Analysis
NYSE:IIVI - New York Stock Exchange, Inc. - US19247G2066 - Currency: USD
Taking everything into account, IIVI scores 4 out of 10 in our fundamental rating. IIVI was compared to 125 industry peers in the Electronic Equipment, Instruments & Components industry. IIVI has only an average score on both its financial health and profitability. IIVI is valued quite expensively, but it does show have an excellent growth rating.
1. Profitability
1.1 Basic Checks
In the past year IIVI was profitable.
IIVI had a positive operating cash flow in the past year.
IIVI had positive earnings in 4 of the past 5 years.
In the past 5 years IIVI always reported a positive cash flow from operatings.
1.2 Ratios
The profitability ratios for IIVI are negative, so there is not much use analyzing them.
IIVI has a Return On Invested Capital of 1.87%. This is comparable to the rest of the industry: IIVI outperforms 51.16% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for IIVI is below the industry average of 9.29%.
| 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 better Operating Margin (6.00%) than 71.32% of its industry peers.
IIVI's Operating Margin has improved in the last couple of years.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so IIVI is destroying value.
IIVI has more shares outstanding than it did 1 year ago.
Compared to 1 year ago, IIVI has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.57 indicates that IIVI is not in any danger for bankruptcy at the moment.
IIVI has a better Altman-Z score (3.57) than 60.47% of its industry peers.
The Debt to FCF ratio of IIVI is 34.44, which is on the high side as it means it would take IIVI, 34.44 years of fcf income to pay off all of its debts.
IIVI's Debt to FCF ratio of 34.44 is in line compared to the rest of the industry. IIVI outperforms 59.69% of its industry peers.
A Debt/Equity ratio of 0.58 indicates that IIVI is somewhat dependend on debt financing.
IIVI has a worse Debt to Equity ratio (0.58) than 83.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.58 | ||
| Debt/FCF | 34.44 | ||
| Altman-Z | 3.57 |
ROIC/WACC0.2
WACC9.56%
2.3 Liquidity
A Current Ratio of 3.08 indicates that IIVI has no problem at all paying its short term obligations.
IIVI's Current ratio of 3.08 is fine compared to the rest of the industry. IIVI outperforms 62.02% of its industry peers.
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 (1.82) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.08 | ||
| Quick Ratio | 1.82 |
3. Growth
3.1 Past
The earnings per share for IIVI have decreased by -1.93% in the last year.
Measured over the past years, IIVI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.68% on average per year.
The Revenue has grown by 49.56% in the past year. This is a very strong growth!
Measured over the past years, IIVI shows a very strong growth in Revenue. The Revenue has been growing by 27.82% on average per year.
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.
The Revenue is expected to grow by 17.99% on average over the next years. This is quite good.
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
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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 63.97, IIVI can be considered very expensive at the moment.
IIVI's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 25.91. IIVI is valued rather expensively when compared to this.
A Price/Forward Earnings ratio of 49.50 indicates a quite expensive valuation of IIVI.
The rest of the industry has a similar Price/Forward Earnings ratio as IIVI.
When comparing the Price/Forward Earnings ratio of IIVI to the average of the S&P500 Index (21.85), we can say IIVI is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 63.97 | ||
| Fwd PE | 49.5 |
4.2 Price Multiples
IIVI's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, IIVI is valued a bit cheaper than 60.47% of the companies in the same industry.
| 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 an expensive valuation of the company.
A more expensive valuation may be justified as IIVI's earnings are expected to grow with 15.16% in the coming years.
PEG (NY)23.79
PEG (5Y)3.42
EPS Next 2Y11.05%
EPS Next 3Y15.16%
5. Dividend
5.1 Amount
No dividends for IIVI!.
| 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)
Earnings (Next)
Inst Owners0.01%
Inst Owner Change0.93%
Ins Owners0.76%
Ins Owner Change0%
Market Cap31.65B
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
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
ROICexcg growth 3Y7.05%
ROICexcg 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%