Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial research applications. More Details
Reasonable growth potential with imperfect balance sheet.
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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: COHR's weekly volatility has decreased from 7% to 2% over the past year.
7 Day Return
1 Year Return
Return vs Industry: COHR exceeded the US Electronic industry which returned 59.5% over the past year.
Return vs Market: COHR exceeded the US Market which returned 44.3% over the past year.
Long-Term 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
7 months ago | Simply Wall StIs Now An Opportune Moment To Examine Coherent, Inc. (NASDAQ:COHR)?
7 months ago | Simply Wall StAre Investors Undervaluing Coherent, Inc. (NASDAQ:COHR) By 40%?
8 months ago | Simply Wall StWe Think Coherent (NASDAQ:COHR) Can Stay On Top Of Its Debt
Is Coherent 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: COHR ($265.55) is trading above our estimate of fair value ($107.01)
Significantly Below Fair Value: COHR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: COHR is unprofitable, so we can't compare its PE Ratio to the US Electronic industry average.
PE vs Market: COHR 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 COHR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: COHR is overvalued based on its PB Ratio (8.2x) compared to the US Electronic industry average (3.2x).
How is Coherent forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: COHR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: COHR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: COHR's is expected to become profitable in the next 3 years.
Revenue vs Market: COHR's revenue (10.3% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: COHR's revenue (10.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if COHR's Return on Equity is forecast to be high in 3 years time
How has Coherent performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COHR is currently unprofitable.
Growing Profit Margin: COHR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: COHR is unprofitable, and losses have increased over the past 5 years at a rate of 49.9% per year.
Accelerating Growth: Unable to compare COHR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: COHR is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (13.1%).
Return on Equity
High ROE: COHR has a negative Return on Equity (-20.01%), as it is currently unprofitable.
How is Coherent's financial position?
Financial Position Analysis
Short Term Liabilities: COHR's short term assets ($1.1B) exceed its short term liabilities ($343.0M).
Long Term Liabilities: COHR's short term assets ($1.1B) exceed its long term liabilities ($617.3M).
Debt to Equity History and Analysis
Debt Level: COHR's debt to equity ratio (53.7%) is considered high.
Reducing Debt: COHR's debt to equity ratio has increased from 0.6% to 53.7% over the past 5 years.
Debt Coverage: COHR's debt is not well covered by operating cash flow (7.7%).
Interest Coverage: COHR is unprofitable, therefore interest payments are not well covered by earnings.
What is Coherent current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate COHR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate COHR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if COHR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if COHR's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of COHR's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Andy Mattes (59 yo)
Mr. Andreas Walter Mattes, also known as Andy, has been Chief Executive Officer, President and Director at Coherent, Inc. since April 06, 2020. Mr. Mattes was the Chief Executive Officer of Diebold Nixdorf...
CEO Compensation Analysis
Compensation vs Market: Andy's total compensation ($USD6.76M) is about average for companies of similar size in the US market ($USD6.52M).
Compensation vs Earnings: Insufficient data to compare Andy's compensation with company performance.
Experienced Management: COHR's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Experienced Board: COHR's board of directors are considered experienced (5.8 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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
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$6.514b
- Shares outstanding: 24.53m
- Website: https://www.coherent.com
Number of Employees
- Coherent, Inc.
- 5100 Patrick Henry Drive
- Santa Clara
- United States
Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial research applications. It operates in two segments, OEM Lase...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/13 23:43|
|End of Day Share Price||2021/06/11 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.