Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial applications.
Excellent balance sheet with reasonable growth potential.
Share Price & News
How has Coherent's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: COI has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: COI exceeded the German Electronic industry which returned 10.9% over the past year.
Return vs Market: COI exceeded the German Market which returned 14.1% over the past year.
Price Volatility Vs. Market
How volatile is Coherent's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Coherent undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: COI (€132.3) is trading below our estimate of fair value (€426.13)
Significantly Below Fair Value: COI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: COI is poor value based on its PE Ratio (144.7x) compared to the Electronic industry average (33.9x).
PE vs Market: COI is poor value based on its PE Ratio (144.7x) compared to the German market (20.9x).
Price to Earnings Growth Ratio
PEG Ratio: COI is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: COI is overvalued based on its PB Ratio (2.7x) compared to the DE Electronic industry average (1.8x).
How is Coherent forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: COI's forecast earnings growth (115.8% per year) is above the savings rate (-0.4%).
Earnings vs Market: COI's earnings (115.8% per year) are forecast to grow faster than the German market (13.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: COI's revenue (12.8% per year) is forecast to grow faster than the German market (5% per year).
High Growth Revenue: COI's revenue (12.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: COI's Return on Equity is forecast to be low in 3 years time (14.3%).
How has Coherent performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COI has a large one-off loss of $23.3M impacting its December 28 2019 financial results.
Growing Profit Margin: COI's current net profit margins (1.8%) are lower than last year (13.3%).
Past Earnings Growth Analysis
Earnings Trend: COI's earnings have grown by 15.8% per year over the past 5 years.
Accelerating Growth: COI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: COI had negative earnings growth (-90%) over the past year, making it difficult to compare to the Electronic industry average (-3.9%).
Return on Equity
High ROE: COI's Return on Equity (1.8%) is considered low.
Return on Assets
Return on Capital Employed
How is Coherent's financial position?
Financial Position Analysis
Short Term Liabilities: COI's short term assets ($1.1B) exceed its short term liabilities ($256.4M).
Long Term Liabilities: COI's short term assets ($1.1B) exceed its long term liabilities ($641.7M).
Debt to Equity History and Analysis
Debt Level: COI's debt to equity ratio (31.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if COI's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: COI's debt is well covered by operating cash flow (46%).
Interest Coverage: COI's interest payments on its debt are well covered by EBIT (3.7x coverage).
Inventory Level: COI has a high level of physical assets or inventory.
Debt Coverage by Assets: COI's debt is covered by short term assets (assets are 2.7x debt).
What is Coherent's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate COI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate COI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if COI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if COI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of COI's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Ambroseo (58yo)
Dr. John R. Ambroseo, Ph.D. has been the President and Chief Executive Officer as well as a Member of the Board of Directors of Coherent Inc. since October. Dr. Ambroseo serves as the President of LEOMA (L ...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD4.89M) is above average for companies of similar size in the German market ($USD2.01M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
|Executive VP & CFO||4yrs||US$1.74m||0.11% $3.7m|
|Executive VP||13.7yrs||US$2.92m||0.082% $2.6m|
|Executive VP & GM of OEM Laser Sources||9.8yrs||US$3.16m||0.037% $1.2m|
|Executive VP and GM of Industrial Laser & Systems||3.2yrs||no data||0.020% $652.1k|
Experienced Management: COI's management team is seasoned and experienced (6.9 years average tenure).
|Independent Director||15.3yrs||US$320.21k||0.024% $766.1k|
|Independent Director||6.2yrs||US$319.21k||0.046% $1.5m|
|Independent Director||9.1yrs||US$316.71k||0.059% $1.9m|
|Independent Chairman||12.7yrs||US$383.71k||0.053% $1.7m|
|Independent Director||1.4yrs||US$307.71k||0.0026% $82.6k|
|Independent Director||12.1yrs||US$340.71k||0.026% $833.2k|
|Independent Director||2.7yrs||US$314.58k||0.0057% $184.4k|
|Independent Director||0.8yrs||US$237.53k||no data|
Experienced Board: COI's board of directors are considered experienced (9.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: COI insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Coherent, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Coherent, Inc.
- Ticker: COI
- Exchange: DB
- Founded: 1966
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: US$3.499b
- Listing Market Cap: US$3.241b
- Shares outstanding: 24.15m
- Website: https://www.coherent.com
Number of Employees
- Coherent, Inc.
- 5100 Patrick Henry Drive
- Santa Clara
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|COHR||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Dec 1972|
|COI||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Dec 1972|
|0I17||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Dec 1972|
Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial applications. It operates in two segments, OEM Laser Sources and Industrial Lasers & Systems. The company designs, manufactures, markets, and services lasers, laser tools, precision optics, and related accessories; and laser measurement and control products. Its products are used in markets, including microelectronics, materials processing, original equipment manufacturer components and instrumentation, and scientific research and government programs. The company markets its products through a direct sales force in the United States, as well as through direct sales personnel and independent representatives internationally. Coherent, Inc. was founded in 1966 and is headquartered in Santa Clara, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/19 20:34|
|End of Day Share Price||2020/02/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.