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Coherent

DB:COI
Snowflake Description

Excellent balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
COI
DB
$4B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial applications. The last earnings update was 75 days ago. More info.


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  • Coherent has significant price volatility in the past 3 months.
COI Share Price and Events
7 Day Returns
-0.3%
DB:COI
1.6%
DE Electronic
1.8%
DE Market
1 Year Returns
-1.6%
DB:COI
-0.2%
DE Electronic
-6%
DE Market
COI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Coherent (COI) -0.3% 11.4% 31.3% -1.6% 63.5% 214.8%
DE Electronic 1.6% 8.1% 19.2% -0.2% 98.5% 105%
DE Market 1.8% 6% 7.8% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • COI underperformed the Electronic industry which returned -0.2% over the past year.
  • COI outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
COI
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Coherent undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Coherent to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Coherent.

DB:COI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:COI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 21%) (12.09%))
1.113
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.113 * 5.96%)
6.86%

Discounted Cash Flow Calculation for DB:COI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Coherent is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:COI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.86%)
2019 116.60 Analyst x1 109.11
2020 222.83 Analyst x4 195.12
2021 294.70 Analyst x1 241.48
2022 352.24 Est @ 19.52% 270.09
2023 400.62 Est @ 13.74% 287.46
2024 439.42 Est @ 9.68% 295.04
2025 469.50 Est @ 6.85% 294.99
2026 492.33 Est @ 4.86% 289.46
2027 509.42 Est @ 3.47% 280.27
2028 522.14 Est @ 2.5% 268.82
Present value of next 10 years cash flows $2,531.83
DB:COI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $522.14 × (1 + 0.23%) ÷ (6.86% – 0.23%)
$7,885.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $7,885.80 ÷ (1 + 6.86%)10
$4,059.90
DB:COI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,531.83 + $4,059.90
$6,591.73
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $6,591.73 / 24.33
$270.97
DB:COI Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:COI represents 0.87646x of NasdaqGS:COHR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87646x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 270.97 x 0.87646
€237.49
Value per share (EUR) From above. €237.49
Current discount Discount to share price of €137.14
= -1 x (€137.14 - €237.49) / €237.49
42.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Coherent is available for.
Intrinsic value
42%
Share price is €137.14 vs Future cash flow value of €237.49
Current Discount Checks
For Coherent to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Coherent's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Coherent's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Coherent's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Coherent's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:COI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-29) in USD $9.84
NasdaqGS:COHR Share Price ** NasdaqGS (2019-04-18) in USD $156.47
Germany Electronic Industry PE Ratio Median Figure of 13 Publicly-Listed Electronic Companies 23.37x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Coherent.

DB:COI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:COHR Share Price ÷ EPS (both in USD)

= 156.47 ÷ 9.84

15.89x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coherent is good value based on earnings compared to the DE Electronic industry average.
  • Coherent is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Coherent's expected growth come at a high price?
Raw Data
DB:COI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.89x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
13.8%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.1x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:COI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.89x ÷ 13.8%

1.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coherent is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Coherent's assets?
Raw Data
DB:COI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-29) in USD $54.16
NasdaqGS:COHR Share Price * NasdaqGS (2019-04-18) in USD $156.47
Germany Electronic Industry PB Ratio Median Figure of 19 Publicly-Listed Electronic Companies 2.57x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:COI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:COHR Share Price ÷ Book Value per Share (both in USD)

= 156.47 ÷ 54.16

2.89x

* Primary Listing of Coherent.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Coherent is overvalued based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Coherent's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Coherent has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Coherent expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Coherent expected to grow at an attractive rate?
  • Coherent's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Coherent's earnings growth is expected to exceed the Germany market average.
  • Coherent's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:COI Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:COI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 13.8%
DB:COI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 7%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:COI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:COI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-09-30 1,868 422 3
2020-09-30 1,732 295 186 10
2019-09-30 1,556 270 114 10
DB:COI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-29 1,808 222 241
2018-09-29 1,903 236 247
2018-06-30 1,931 232 247
2018-03-31 1,913 323 243
2017-12-30 1,855 366 220
2017-09-30 1,723 384 209
2017-07-01 1,481 336 167
2017-04-01 1,236 254 122
2016-12-31 1,013 174 98
2016-10-01 857 105 88
2016-07-02 819 110 84
2016-04-02 788 90 79
2016-01-02 792 108 79

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Coherent's earnings are expected to grow by 13.8% yearly, however this is not considered high growth (20% yearly).
  • Coherent's revenue is expected to grow by 7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:COI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Coherent Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:COI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-09-30 11.18 11.18 11.18 1.00
2020-09-30 7.65 9.15 5.79 8.00
2019-09-30 4.62 5.95 3.50 8.00
DB:COI Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-29 9.84
2018-09-29 10.07
2018-06-30 10.02
2018-03-31 9.87
2017-12-30 8.95
2017-09-30 8.52
2017-07-01 6.82
2017-04-01 5.03
2016-12-31 4.04
2016-10-01 3.62
2016-07-02 3.47
2016-04-02 3.23
2016-01-02 3.23

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Coherent is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Coherent's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Coherent has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Coherent performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Coherent's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Coherent has delivered over 20% year on year earnings growth in the past 5 years.
  • Coherent's 1-year earnings growth is less than its 5-year average (9.7% vs 34.6%)
  • Coherent's earnings growth has not exceeded the DE Electronic industry average in the past year (9.7% vs 18.1%).
Earnings and Revenue History
Coherent's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Coherent Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:COI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-29 1,808.15 241.01 306.25 108.04
2018-09-29 1,902.57 247.36 315.13 110.49
2018-06-30 1,931.32 247.06 306.96 112.94
2018-03-31 1,913.09 242.96 291.55 109.12
2017-12-30 1,854.80 219.85 301.45 104.87
2017-09-30 1,723.31 208.64 287.58 100.57
2017-07-01 1,481.47 166.54 248.97 95.77
2017-04-01 1,236.13 122.32 240.44 86.73
2016-12-31 1,013.18 97.91 194.73 77.15
2016-10-01 857.39 87.50 181.74 69.20
2016-07-02 818.55 84.02 170.52 70.52
2016-04-02 788.28 78.63 160.42 70.35
2016-01-02 792.12 79.27 158.96 70.42
2015-10-03 802.46 76.41 160.33 70.46
2015-07-04 798.18 68.20 162.39 69.14
2015-04-04 806.20 67.94 163.47 66.92
2014-12-27 801.70 64.83 163.28 66.31
2014-09-27 794.64 59.11 165.03 68.07
2014-06-28 802.44 60.52 163.65 71.15
2014-03-29 819.64 64.21 164.37 73.89
2013-12-28 820.48 63.91 162.42 73.62
2013-09-28 810.13 66.36 159.51 71.99
2013-06-29 785.64 58.39 157.29 71.08
2013-03-30 768.30 58.91 152.24 68.61
2012-12-29 761.52 60.06 150.27 68.78
2012-09-29 769.09 62.96 148.52 68.26
2012-06-30 788.40 81.79 149.46 68.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Coherent has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Coherent used its assets more efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Coherent has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Coherent's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Coherent has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Coherent's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Coherent's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Coherent is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Coherent's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Coherent's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Coherent Company Filings, last reported 3 months ago.

DB:COI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-29 1,317.48 460.18 320.02
2018-09-29 1,314.46 425.78 310.62
2018-06-30 1,231.15 429.36 232.46
2018-03-31 1,289.68 457.08 346.11
2017-12-30 1,195.38 509.93 423.45
2017-09-30 1,163.26 594.08 475.58
2017-07-01 1,068.04 658.19 472.43
2017-04-01 976.26 665.27 433.11
2016-12-31 926.98 684.51 360.34
2016-10-01 910.83 20.00 399.95
2016-07-02 870.95 20.00 373.61
2016-04-02 849.55 5.00 361.06
2016-01-02 810.24 5.00 336.17
2015-10-03 796.42 0.00 325.52
2015-07-04 813.96 0.00 336.77
2015-04-04 790.49 0.00 344.43
2014-12-27 807.63 0.00 322.95
2014-09-27 819.65 0.00 318.28
2014-06-28 818.52 0.84 303.26
2014-03-29 798.49 0.00 283.47
2013-12-28 775.51 0.00 273.68
2013-09-28 758.52 0.00 250.11
2013-06-29 719.01 0.01 201.68
2013-03-30 687.28 0.01 203.99
2012-12-29 671.26 0.02 179.78
2012-09-29 671.66 0.02 224.93
2012-06-30 648.35 0.02 209.60
  • Coherent's level of debt (34.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 34.9% today).
  • Debt is well covered by operating cash flow (48.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 16.3x coverage).
X
Financial health checks
We assess Coherent's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Coherent has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Coherent's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Coherent dividends. Estimated to be 0% next year.
If you bought €2,000 of Coherent shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Coherent's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Coherent's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:COI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
Germany Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:COI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-09-30 0.00 2.00
2020-09-30 0.00 2.00
2019-09-30 0.00 2.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Coherent has not reported any payouts.
  • Unable to verify if Coherent's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Coherent's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Coherent has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Coherent's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Coherent's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Coherent afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Coherent has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Coherent's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
John Ambroseo
COMPENSATION $9,531,892
AGE 57
TENURE AS CEO 16.5 years
CEO Bio

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 2002. Dr. Ambroseo serves as the President of LEOMA (Laser Electro-Optics Manufacturers Association). Dr. Ambroseo served as Executive Vice President of Coherent DEOS, LLC. Dr. Ambroseo served as the Chief Executive Officer of Lambda Physik AG since August 5, 2003 and also served as Chairman and Member of Management Board. Dr. Ambroseo served as Chief Operating Officer of Coherent Inc. from June 2001 to September 2002. Dr. Ambroseo served as Executive Vice President, President and General Manager of Coherent Photonics Group from September 2000 to June 2001 and Coherent Laser Group. From September 1997 to September 2000 and Scientific Business Unit Manager from March 1997 to September 1997. During his 15-year tenure at Coherent, he held various positions in domestic and international operations, marketing and sales. Dr. Ambroseo status as Chief Executive Officer, his approximately 30-year tenure with Coherent, his extensive knowledge of products, technologies and end markets and his over a decade of service as a Director of Coherent make him an invaluable Member of the Board. From August 1988 to March 1997, he served as a Sales Engineer, Product Marketing Manager, National Sales Manager and Director of European Operations of Coherent. Dr. Ambroseo has been a Director of Coherent, Inc. since October 2002. Dr. Ambroseo has been Director of Rofin-Sinar Technologies Inc. since November 7, 2016. Dr. Ambroseo is a Trustee of the Purchase College Foundation. Dr. Ambroseo received a Bachelor degree from SUNY-College at Purchase and a PhD in Chemistry from the University of Pennsylvania.

CEO Compensation
  • John's compensation has been consistent with company performance over the past year.
  • John's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Coherent management team in years:

8.5
Average Tenure
57.5
Average Age
  • The average tenure for the Coherent management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

John Ambroseo

TITLE
President
COMPENSATION
$10M
AGE
57
TENURE
16.5 yrs

Kevin Palatnik

TITLE
Executive VP & CFO
COMPENSATION
$2M
AGE
60
TENURE
3.2 yrs

Bret DiMarco

TITLE
Executive VP
COMPENSATION
$2M
AGE
50
TENURE
12.8 yrs

Paul Sechrist

TITLE
Executive Vice President of Worldwide Sales & Services
COMPENSATION
$2M
AGE
59
TENURE
8.1 yrs

Mark Sobey

TITLE
Executive VP & GM of OEM Laser Sources
COMPENSATION
$2M
AGE
58
TENURE
9 yrs

Thomas Merk

TITLE
Executive VP and GM of Industrial Laser & Systems
AGE
56
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Coherent board of directors in years:

9.8
Average Tenure
57
Average Age
  • The tenure for the Coherent board of directors is about average.
Board of Directors

Garry Rogerson

TITLE
Chairman
COMPENSATION
$328K
AGE
65
TENURE
11.8 yrs

John Ambroseo

TITLE
President
COMPENSATION
$10M
AGE
57
TENURE
16.5 yrs

Sandeep Vij

TITLE
Director
COMPENSATION
$272K
AGE
52
TENURE
14.4 yrs

Sue James

TITLE
Director
COMPENSATION
$292K
AGE
72
TENURE
11.3 yrs

Jay Flatley

TITLE
Director
COMPENSATION
$265K
AGE
65
TENURE
8.3 yrs

Steve Skaggs

TITLE
Director
COMPENSATION
$268K
AGE
55
TENURE
5.3 yrs

Pamela Fletcher

TITLE
Director
COMPENSATION
$264K
AGE
51
TENURE
1.8 yrs

Mike McMullen

TITLE
Director
COMPENSATION
$212K
AGE
57
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Coherent's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Coherent has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial applications. It operates through 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.

Details
Name: Coherent, Inc.
COI
Exchange: DB
Founded: 1966
$3,384,634,323
24,326,589
Website: http://www.coherent.com
Address: Coherent, Inc.
5100 Patrick Henry Drive,
Santa Clara,
California, 95054,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS COHR Common Stock Nasdaq Global Select US USD 14. Dec 1972
DB COI Common Stock Deutsche Boerse AG DE EUR 14. Dec 1972
LSE 0I17 Common Stock London Stock Exchange GB USD 14. Dec 1972
Number of employees
Current staff
Staff numbers
5,418
Coherent employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 20:34
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/22
Last earnings filing: 2019/02/06
Last earnings reported: 2018/12/29
Last annual earnings reported: 2018/09/29


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.