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
No risks detected for COHU from our risk checks.
Adequate balance sheet with reasonable growth potential.
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.
7 Day Return
1 Year Return
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.
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
3 days ago | Simply Wall StDid Cohu, Inc. (NASDAQ:COHU) Insiders Sell Shares?
4 weeks ago | Simply Wall StCohu (NASDAQ:COHU) Is Carrying A Fair Bit Of Debt
1 month ago | Simply Wall StInvestors Who Bought Cohu (NASDAQ:COHU) Shares Five Years Ago Are Now Up 87%
Is Cohu undervalued compared to its fair value and its price relative to the market?
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).
How is Cohu forecast to perform in the next 1 to 3 years based on estimates from 7 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 (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%).
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 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.
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.
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.
What is Cohu current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Luis Müller (50 yo)
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.
|VP of Finance & CFO||12.92yrs||US$1.13m||0.30% |
|VP of Corporate Development||3.42yrs||US$769.97k||0.020% |
|Senior VP & GM of Test Handler Group||2yrs||US$862.12k||0.044% |
|Senior Vice President of Global Customer Group||2yrs||US$1.10m||0.12% |
|President of Delta Design Kit Operations||7.67yrs||US$743.53k||no data|
Experienced Management: COHU's management team is considered experienced (4.6 years average tenure).
|Independent Director||8.83yrs||US$214.81k||0.071% |
|Non-Executive Chairman||5.83yrs||US$251.39k||0.86% |
|Lead Independent Director||2.42yrs||US$226.99k||0.017% |
|Independent Director||6.17yrs||US$203.34k||0.047% |
|Independent Director||2yrs||US$190.84k||0.040% |
|Independent Director||1yr||US$88.80k||no data|
|Independent Director||1.08yrs||US$101.26k||no data|
Experienced Board: COHU's board of directors are considered experienced (4.1 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
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$799.163m
- Shares outstanding: 41.86m
- 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 ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/19 23:46|
|End of Day Share Price||2020/10/19 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.