Cohu, Inc., through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.
Reasonable growth potential and fair value.
Share Price & News
How has Cohu's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: COHU's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: COHU underperformed the US Semiconductor industry which returned -2.3% over the past year.
Return vs Market: COHU underperformed the US Market which returned -15.1% over the past year.
Price Volatility Vs. Market
How volatile is Cohu's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StHow Does Cohu, Inc. (NASDAQ:COHU) Affect Your Portfolio Volatility?
3 weeks ago | Simply Wall StShould You Be Pleased About The CEO Pay At Cohu, Inc.'s (NASDAQ:COHU)
1 month ago | Simply Wall StHave Cohu, Inc. (NASDAQ:COHU) Insiders Been Selling Their Stock?
Is Cohu 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: COHU ($11.24) is trading below our estimate of fair value ($38.44)
Significantly Below Fair Value: COHU is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: COHU is unprofitable, so we can't compare its PE Ratio to the Semiconductor industry average.
PE vs Market: COHU is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate COHU's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: COHU is good value based on its PB Ratio (1x) compared to the US Semiconductor industry average (2.2x).
How is Cohu forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: COHU is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: COHU is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: COHU's is expected to become profitable in the next 3 years.
Revenue vs Market: COHU's revenue (9.9% per year) is forecast to grow faster than the US market (7.1% per year).
High Growth Revenue: COHU's revenue (9.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: COHU's Return on Equity is forecast to be low in 3 years time (17.9%).
How has Cohu performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COHU is currently unprofitable.
Growing Profit Margin: COHU is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: COHU is unprofitable, and losses have increased over the past 5 years at a rate of -53.7% per year.
Accelerating Growth: Unable to compare COHU's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: COHU is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-30.5%).
Return on Equity
High ROE: COHU has a negative Return on Equity (-14.28%), as it is currently unprofitable.
How is Cohu's financial position?
Financial Position Analysis
Short Term Liabilities: COHU's short term assets ($439.7M) exceed its short term liabilities ($148.9M).
Long Term Liabilities: COHU's short term assets ($439.7M) do not cover its long term liabilities ($445.8M).
Debt to Equity History and Analysis
Debt Level: COHU's debt to equity ratio (73.1%) is considered high.
Reducing Debt: Insufficient data to determine if COHU's debt to equity ratio has reduced over the past 5 years.
Inventory Level: COHU has a high level of physical assets or inventory.
Debt Coverage by Assets: COHU's debt is covered by short term assets (assets are 1.2x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: COHU has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if COHU has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Cohu's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: COHU's dividend (2.14%) is higher than the bottom 25% of dividend payers in the US market (2.05%).
High Dividend: COHU's dividend (2.14%) is low compared to the top 25% of dividend payers in the US market (5.71%).
Stability and Growth of Payments
Stable Dividend: COHU's dividends per share have been stable in the past 10 years.
Growing Dividend: COHU's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: COHU is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: COHU's dividends in 3 years are forecast to be thoroughly covered by earnings (12.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Luis Müller (49yo)
Dr. Luis A. Müller has been the Chief Executive Officer and President of Cohu, Inc. since December 28, 2014. Prior to joining Cohu, Inc. Dr. Müller spent nine years at Teradyne, where he held various manag ...
CEO Compensation Analysis
Compensation vs Market: Luis's total compensation ($USD2.53M) is about average for companies of similar size in the US market ($USD2.25M).
Compensation vs Earnings: Luis's compensation has been consistent with company performance over the past year.
|VP of Finance & CFO||12.42yrs||US$1.13m||0.30% $1.4m|
|VP of Corporate Development||2.92yrs||US$769.97k||0.014% $65.2k|
|Senior VP & GM of Test Handler Group||1.5yrs||US$862.12k||0.041% $189.4k|
|Senior Vice President of Global Customer Group||1.5yrs||US$1.10m||0.12% $578.2k|
|President of Delta Design Kit Operations||7.17yrs||US$743.53k||no data|
|President of Delta Design Systems||17.17yrs||US$676.71k||no data|
Experienced Management: COHU's management team is seasoned and experienced (5.3 years average tenure).
|Independent Director||8.33yrs||US$214.81k||0.066% $307.7k|
|Non-Executive Chairman||5.33yrs||US$251.39k||0.85% $4.0m|
|Lead Independent Director||1.92yrs||US$226.99k||no data|
|Independent Director||5.67yrs||US$203.34k||0.047% $221.3k|
|Independent Director||16.75yrs||US$188.34k||0.21% $976.2k|
|Independent Director||1.5yrs||US$190.84k||0.040% $187.3k|
|Independent Director||0.50yr||US$88.80k||no data|
|Independent Director||0.58yr||US$101.26k||no data|
Experienced Board: COHU's board of directors are considered experienced (5.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: COHU insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 29.7%.
Cohu, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Cohu, Inc.
- Ticker: COHU
- Exchange: NasdaqGS
- Founded: 1947
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: US$466.026m
- Shares outstanding: 41.46m
- Website: https://www.cohu.com
Number of Employees
- Cohu, Inc.
- 12367 Crosthwaite Circle
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|COHU||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jan 1968|
|CU3||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1968|
Cohu, Inc., through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide. It operates through two segments, Semiconductor Test and Inspection Equipment, and PCB Test Equipment. The company provides semiconductor ATE for wafer level and device package testing; various test handlers, including pick-and-place, turret, gravity, strip, and MEMS for testing and inspection of packaged semiconductor devices; and thermal sub-systems that include temperature control of the integrated circuit during the testing process. It also offers bare board PCB test systems to test pre-assembly PCBs; flying probe and grid testers; interface products comprising test contactors and probe pins; spares and kits; and a range of device dedication kits that enable handlers to process various semiconductor packages. In addition, the company provides various parts and labor warranties on test and handling systems, and instruments; and training on the maintenance and operation of its systems. It markets its products through direct sales force and independent sales representatives. The company was formerly known as Cohu Electronics, Inc. and changed its name to Cohu, Inc. in 1972. Cohu, Inc. was founded in 1947 and is headquartered in Poway, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/04 04:07|
|End of Day Share Price||2020/04/03 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.