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 moderate 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: COHR has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: COHR exceeded the US Electronic industry which returned 23.7% over the past year.
Return vs Market: COHR exceeded the US Market which returned 17.8% 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
2 days ago | Simply Wall StDoes Coherent's (NASDAQ:COHR) Statutory Profit Adequately Reflect Its Underlying Profit?
2 weeks ago | Simply Wall StShould Coherent, Inc. (NASDAQ:COHR) Focus On Improving This Fundamental Metric?
3 weeks ago | Simply Wall StDon't Ignore The Fact That This Insider Just Sold Some Shares In Coherent, Inc. (NASDAQ:COHR)
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: COHR ($147.79) is trading below our estimate of fair value ($450.62)
Significantly Below Fair Value: COHR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: COHR is poor value based on its PE Ratio (66.2x) compared to the Electronic industry average (20.9x).
PE vs Market: COHR is poor value based on its PE Ratio (66.2x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: COHR is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: COHR is overvalued based on its PB Ratio (2.8x) compared to the US Electronic industry average (2.1x).
How is Coherent forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: COHR's forecast earnings growth (48.9% per year) is above the savings rate (1.7%).
Earnings vs Market: COHR's earnings (48.9% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: COHR's revenue (6.9% per year) is forecast to grow slower than the US market (7.4% per year).
High Growth Revenue: COHR's revenue (6.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: COHR's Return on Equity is forecast to be low in 3 years time (16.5%).
How has Coherent performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COHR has a large one-off loss of $24.4M impacting its September 28 2019 financial results.
Growing Profit Margin: COHR's current net profit margins (3.8%) are lower than last year (13%).
Past Earnings Growth Analysis
Earnings Trend: COHR's earnings have grown significantly by 23% per year over the past 5 years.
Accelerating Growth: COHR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: COHR had negative earnings growth (-78.2%) over the past year, making it difficult to compare to the Electronic industry average (53.7%).
Return on Equity
High ROE: COHR's Return on Equity (4.2%) is considered low.
Return on Assets
Return on Capital Employed
How is Coherent's financial position?
Financial Position Analysis
Short Term Liabilities: COHR's short term assets ($1.1B) exceed its short term liabilities ($240.3M).
Long Term Liabilities: COHR's short term assets ($1.1B) exceed its long term liabilities ($558.1M).
Debt to Equity History and Analysis
Debt Level: COHR's debt to equity ratio (31.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if COHR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: COHR's debt is well covered by operating cash flow (44.7%).
Interest Coverage: COHR's interest payments on its debt are well covered by EBIT (5.9x coverage).
Inventory Level: COHR has a high level of physical assets or inventory.
Debt Coverage by Assets: COHR'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 COHR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate COHR'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 COHR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if COHR'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 COHR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
What is the CEO of Coherent's salary, the management and board of directors tenure and is there insider trading?
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 ($USD9.53M) is above average for companies of similar size in the US market ($USD5.10M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Management Age and Tenure
Experienced Management: COHR's management team is seasoned and experienced (6.8 years average tenure).
Board Age and Tenure
Experienced Board: COHR's board of directors are considered experienced (8.9 years average tenure).
Insider Buying: COHR insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Member of the Board of Directors
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
John Ambroseo (58yo)
- Tenure: 17.2yrs
- Compensation: US$9.53m
Bret DiMarco (51yo)
- Tenure: 13.5yrs
- Compensation: US$1.78m
Mark Sobey (59yo)
Executive VP & GM of OEM Laser Sources
- Tenure: 9.7yrs
- Compensation: US$2.17m
Thomas Merk (57yo)
Executive VP and GM of Industrial Laser & Systems
- Tenure: 3yrs
Kevin Palatnik (61yo)
Executive VP & CFO
- Tenure: 3.8yrs
- Compensation: US$2.32m
Paul Sechrist (60yo)
- Tenure: 0.3yrs
- Compensation: US$1.98m
John Ambroseo (58yo)
- Tenure: 17.2yrs
- Compensation: US$9.53m
Sandeep Vij (53yo)
- Tenure: 15.1yrs
- Compensation: US$271.79k
Steve Skaggs (56yo)
- Tenure: 6yrs
- Compensation: US$267.54k
Jay Flatley (66yo)
- Tenure: 8.9yrs
- Compensation: US$265.04k
Garry Rogerson (66yo)
- Tenure: 12.5yrs
- Compensation: US$327.79k
Mike McMullen (58yo)
- Tenure: 1.3yrs
- Compensation: US$212.48k
Sue James (73yo)
- Tenure: 11.9yrs
- Compensation: US$292.29k
Pamela Fletcher (52yo)
- Tenure: 2.5yrs
- Compensation: US$264.29k
- Tenure: 0.6yrs
Coherent, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Coherent, Inc.
- Ticker: COHR
- Exchange: NasdaqGS
- Founded: 1966
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: US$3.520b
- 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 through two segments, OEM Laser So ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/12/11 23:32|
|End of Day Share Price||2019/12/11 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.