NasdaqGS:COHR

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Executive Summary

Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial applications.


Snowflake Analysis

Mediocre balance sheet and slightly overvalued.


Similar Companies

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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

5.3%

COHR

5.2%

US Electronic

2.9%

US Market


1 Year Return

28.5%

COHR

8.6%

US Electronic

8.9%

US Market

Return vs Industry: COHR exceeded the US Electronic industry which returned 6.8% over the past year.

Return vs Market: COHR exceeded the US Market which returned 8.5% over the past year.


Shareholder returns

COHRIndustryMarket
7 Day5.3%5.2%2.9%
30 Day19.4%15.6%10.6%
90 Day14.0%8.6%5.1%
1 Year28.5%28.5%9.7%8.6%11.4%8.9%
3 Year-41.7%-41.7%21.3%17.9%34.3%25.4%
5 Year135.2%135.2%64.5%56.6%60.7%42.7%

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

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: COHR ($152.59) is trading below our estimate of fair value ($394.21)

Significantly Below Fair Value: COHR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: COHR is unprofitable, so we can't compare its PE Ratio to the 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 (4.2x) compared to the US Electronic industry average (1.8x).


Next Steps

Future Growth

How is Coherent forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

148.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: COHR is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: COHR is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: COHR is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: COHR's revenue (14.1% per year) is forecast to grow faster than the US market (8.9% per year).

High Growth Revenue: COHR's revenue (14.1% 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 (14.5%).


Next Steps

Past Performance

How has Coherent performed over the past 5 years?

-7.8%

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 -7.8% 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 (-8%).


Return on Equity

High ROE: COHR has a negative Return on Equity (-47.58%), as it is currently unprofitable.


Next Steps

Financial Health

How is Coherent's financial position?


Financial Position Analysis

Short Term Liabilities: COHR's short term assets ($1.1B) exceed its short term liabilities ($261.3M).

Long Term Liabilities: COHR's short term assets ($1.1B) exceed its long term liabilities ($590.7M).


Debt to Equity History and Analysis

Debt Level: COHR's debt to equity ratio (45.6%) is considered high.

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 (40.4%).

Interest Coverage: COHR is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Coherent's 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.


Next Steps

Management

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

0.8yrs

Average management tenure


CEO

Andy Mattes (58yo)

0.17

Tenure

Mr. Andreas Walter Mattes, also known as Andy, has been Chief Executive Officer, President and Director at Coherent, Inc. since April 6, 2020. Mr. Mattes was the Chief Executive Officer of Diebold Nixdorf, ...


Leadership Team

NamePositionTenureCompensationOwnership
Kevin Palatnik
Executive VP & CFO4.33yrsUS$1.74m0.11% $4.2m
Mark Sobey
Executive VP & COO0.17yrUS$3.16m0.036% $1.3m
Bret DiMarco
Executive VP14yrsUS$2.92m0.081% $3.0m
John Ambroseo
Special Advisor0.17yrUS$4.89m0.77% $28.5m
Paul Sechrist
0.75yrUS$1.24m0.057% $2.1m
Andreas Mattes
President0.17yrno datano data
Jeff Nolan
Director of Global Marketing Communicationsno datano datano data
Thomas Merk
Executive VP and GM of Industrial Laser & Systems3.5yrsno data0.020% $741.6k

0.8yrs

Average Tenure

58yo

Average Age

Experienced Management: COHR's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Andreas Mattes
President0.17yrno datano data
Sandeep Vij
Independent Director15.58yrsUS$320.21k0.031% $1.1m
Stephen Skaggs
Independent Director6.5yrsUS$319.21k0.050% $1.8m
Jay Flatley
Independent Director9.42yrsUS$316.71k0.16% $6.1m
Garry Rogerson
Independent Chairman13yrsUS$383.71k0.060% $2.2m
Michael McMullen
Independent Director1.75yrsUS$307.71k0.010% $369.7k
Pamela Fletcher
Independent Director3yrsUS$314.58k0.013% $485.2k
Beverly Matthews
Independent Director1.08yrsUS$237.53kno data

4.8yrs

Average Tenure

58yo

Average Age

Experienced Board: COHR's board of directors are considered experienced (4.8 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

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


Key Information

  • Name: Coherent, Inc.
  • Ticker: COHR
  • Exchange: NasdaqGS
  • Founded: 1966
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: US$3.701b
  • Shares outstanding: 24.25m
  • Website: https://www.coherent.com

Number of Employees


Location

  • Coherent, Inc.
  • 5100 Patrick Henry Drive
  • Santa Clara
  • California
  • 95054
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
COHRNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDDec 1972
COIDB (Deutsche Boerse AG)YesCommon StockDEEURDec 1972
0I17LSE (London Stock Exchange)YesCommon StockGBUSDDec 1972

Biography

Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial applications. It operates in two segments, OEM Laser Sources and Industrial Lasers & Systems. The company designs, manufactures, markets, and services lasers, laser tools, precision optics, and related accessories; and laser measurement and control products. Its products are used in markets, including microelectronics, materials processing, original equipment manufacturer components and instrumentation, and scientific research and government programs. The company markets its products through a direct sales force in the United States, as well as through direct sales personnel and independent representatives internationally. Coherent, Inc. was founded in 1966 and is headquartered in Santa Clara, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 02:32
End of Day Share Price2020/06/03 00:00
Earnings2020/04/04
Annual Earnings2019/09/28


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.