NasdaqGS:COHU

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Executive Summary

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 in Germany, the United States, Japan, Malaysia, the Philippines, and internationally. More Details

Rewards

Earnings are forecast to grow 115.46% per year

Risk Analysis

No risks detected for COHU from our risk checks.


Snowflake Analysis

Adequate balance sheet with reasonable growth potential.


Similar Companies

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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.4%

COHU

-1.8%

US Semiconductor

-2.4%

US Market


1 Year Return

25.0%

COHU

47.9%

US Semiconductor

18.2%

US Market

Return vs Industry: COHU underperformed the US Semiconductor industry which returned 48% over the past year.

Return vs Market: COHU exceeded the US Market which returned 19.5% over the past year.


Shareholder returns

COHUIndustryMarket
7 Day-4.4%-1.8%-2.4%
30 Day8.7%11.3%4.2%
90 Day11.8%13.4%6.3%
1 Year25.7%25.0%50.7%47.9%20.9%18.2%
3 Year-21.4%-23.9%85.6%75.9%41.2%31.8%
5 Year84.0%72.1%237.7%203.9%84.8%63.9%

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

Valuation

Is Cohu undervalued compared to its fair value and its price relative to the market?

1.71x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: COHU ($19.09) is trading above our estimate of fair value ($2.2)

Significantly Below Fair Value: COHU is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: COHU is unprofitable, so we can't compare its PE Ratio to the US 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 (1.7x) compared to the US Semiconductor industry average (3.4x).


Next Steps

Future Growth

How is Cohu forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

115.5%

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 (2.2%).

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 (13.8% per year) is forecast to grow faster than the US market (10% per year).

High Growth Revenue: COHU's revenue (13.8% 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 (13.9%).


Next Steps

Past Performance

How has Cohu performed over the past 5 years?

-55.4%

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 55.4% 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 (7.5%).


Return on Equity

High ROE: COHU has a negative Return on Equity (-10.46%), as it is currently unprofitable.


Next Steps

Financial Health

How is Cohu's financial position?


Financial Position Analysis

Short Term Liabilities: COHU's short term assets ($456.3M) exceed its short term liabilities ($159.0M).

Long Term Liabilities: COHU's short term assets ($456.3M) exceed its long term liabilities ($440.8M).


Debt to Equity History and Analysis

Debt Level: COHU's debt to equity ratio (76.3%) is considered high.

Reducing Debt: Insufficient data to determine if COHU's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


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: Whilst unprofitable COHU has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: COHU is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 3.7% per year.


Next Steps

Dividend

What is Cohu current dividend yield, its reliability and sustainability?

0.16%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate COHU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate COHU's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if COHU's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if COHU's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: COHU is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of COHU's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.6yrs

Average management tenure


CEO

Luis Müller (50 yo)

5.83yrs

Tenure

US$2,525,302

Compensation

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 ($USD2.53M) is about average for companies of similar size in the US market ($USD2.82M).

Compensation vs Earnings: Luis's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Luis Müller
President5.83yrsUS$2.53m0.58%
$ 4.7m
Jeffrey Jones
VP of Finance & CFO12.92yrsUS$1.13m0.30%
$ 2.4m
Thomas Kampfer
VP of Corporate Development3.42yrsUS$769.97k0.020%
$ 163.7k
Christopher Bohrson
Senior VP & GM of Test Handler Group2yrsUS$862.12k0.044%
$ 353.9k
Pascal Rondé
Senior Vice President of Global Customer Group2yrsUS$1.10m0.12%
$ 981.9k
James McFarlane
President of Delta Design Kit Operations7.67yrsUS$743.53kno data

4.6yrs

Average Tenure

58.5yo

Average Age

Experienced Management: COHU's management team is considered experienced (4.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Luis Müller
President5.83yrsUS$2.53m0.58%
$ 4.7m
William Bendush
Independent Director8.83yrsUS$214.81k0.071%
$ 569.2k
James Donahue
Non-Executive Chairman5.83yrsUS$251.39k0.86%
$ 6.8m
Steven Bilodeau
Lead Independent Director2.42yrsUS$226.99k0.017%
$ 132.6k
Andrew Caggia
Independent Director6.17yrsUS$203.34k0.047%
$ 375.8k
Jorge Titinger
Independent Director2yrsUS$190.84k0.040%
$ 318.1k
Nina Richardson
Independent Director1yrUS$88.80kno data
Lynne Camp
Independent Director1.08yrsUS$101.26kno data

4.1yrs

Average Tenure

62yo

Average Age

Experienced Board: COHU's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Cohu, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cohu, Inc.
  • Ticker: COHU
  • Exchange: NasdaqGS
  • Founded: 1947
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: US$799.163m
  • Shares outstanding: 41.86m
  • Website: https://www.cohu.com

Number of Employees


Location

  • Cohu, Inc.
  • 12367 Crosthwaite Circle
  • Poway
  • California
  • 92064-6817
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
COHUNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 1968
CU3DB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 23:46
End of Day Share Price2020/10/19 00:00
Earnings2020/06/27
Annual Earnings2019/12/28


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.