Overview Dividends

(COHR) Coherent - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US19247G1076

Transceivers, Laser, Materials, Optics, Subsystems

Electronic Equipment & Instruments
Market Cap in USD: 31,195m

IPO / Inception: 1990-03-26
Return 12m vs S&P 500: 64.4%

EPS (Earnings per Share)

EPS CAGR: 6.38%
EPS Trend: 3.5%

Last SUE: 1.45
Qual. Beats: 2

Revenue

Rev. CAGR: 19.66%
Rev. Trend: 81.2%

Last SUE: 1.83
Qual. Beats: 1

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	65.7%
Value at Risk 5%th	96.2%
Relative Tail Risk	-10.89%

Reward TTM
Sharpe Ratio	1.19
Alpha	51.15
CAGR/Max DD	1.44

Character TTM
Hurst Exponent	0.506
Beta	2.507
Beta Downside	2.710

Drawdowns 3y
Max DD	54.85%
Mean DD	17.37%
Median DD	14.49%

Description: COHR Coherent December 19, 2025

Coherent Corp. (NYSE:COHR) designs, manufactures, and sells engineered materials, optoelectronic components, and laser systems that serve industrial, communications, electronics, and instrumentation markets worldwide. The business is organized into three segments: Networking (data-center transceivers, optics, and semiconductor devices), Materials (engineered ceramics, metal-matrix composites, and laser optics), and Lasers (excimer, solid-state, CO₂, and high-power lasers for semiconductor equipment, display and precision manufacturing, and scientific research). Sales are executed through a mix of direct forces, representatives, and distributors. The company, formerly II-VI Incorporated, rebranded to Coherent Corp. in September 2022 and is headquartered in Saxonburg, Pennsylvania.

Key recent metrics show FY 2023 revenue of roughly $1.3 billion, with the Laser segment posting a 12 % year-over-year growth driven by rising demand for high-power tools in semiconductor fab upgrades. Gross margins have stabilized near 45 %, and the firm generated about $150 million of free cash flow, supporting a modest dividend and share-repurchase program. Macro-level drivers include accelerating data-center traffic from AI workloads (boosting the Networking segment) and a global semiconductor cap-ex cycle that sustains laser-tool spend, while supply-chain tightness for semiconductor components remains a near-term risk.

For a deeper quantitative view, you might explore ValueRay’s detailed financial model for COHR.

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (249.8m TTM) > 0 and > 6% of Revenue (6% = 362.6m TTM)

FCFTA 0.01 (>2.0%) and ΔFCFTA -0.34pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 38.16% (prev 45.42%; Δ -7.26pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.04 (>3.0%) and CFO 526.6m > Net Income 249.8m (YES >=105%, WARN >=100%)

Net Debt (2.65b) to EBITDA (1.21b) ratio: 2.20 <= 3.0 (WARN <= 3.5)

Current Ratio 2.33 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (155.5m) change vs 12m ago 2.54% (target <= -2.0% for YES)

Gross Margin 36.01% (prev 32.17%; Δ 3.85pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 41.11% (prev 34.03%; Δ 7.08pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 1.82 (EBITDA TTM 1.21b / Interest Expense TTM 368.5m) >= 6 (WARN >= 3)

Altman Z'' 2.60

(A) 0.16 = (Total Current Assets 4.04b - Total Current Liabilities 1.74b) / Total Assets 14.70b

(B) 0.05 = Retained Earnings (Balance) 777.2m / Total Assets 14.70b

(D) 1.04 = Book Value of Equity 6.24b / Total Liabilities 6.01b

Total Rating: 2.60 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 51.11

1. Piotroski 5.0pt

2. FCF Yield 0.22%

3. FCF Margin 1.22%

4. Debt/Equity 0.42

5. Debt/Ebitda 2.20

6. ROIC - WACC (= -6.29)%

7. RoE 3.14%

8. Rev. Trend 81.24%

9. EPS Trend 3.47%

What is the price of COHR shares?

As of December 20, 2025, the stock is trading at USD 185.83 with a total of 3,144,623 shares traded.
Over the past week, the price has changed by +4.20%, over one month by +30.01%, over three months by +70.31% and over the past year by +93.21%.

Is COHR a buy, sell or hold?

Coherent has received a consensus analysts rating of 4.42. Therefore, it is recommended to buy COHR.

Strong Buy: 11
Buy: 5
Hold: 3
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the COHR price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	174.5	-6.1%
Analysts Target Price	174.5	-6.1%
ValueRay Target Price	245.3	32%

COHR Fundamental Data Overview December 13, 2025

Market Cap USD = 31.19b (31.19b USD * 1.0 USD.USD)
P/E Trailing = 279.5775
P/E Forward = 30.03
P/S = 5.1619
P/B = 5.3506
P/EG = 0.34
Beta = 1.86
Revenue TTM = 6.04b USD
EBIT TTM = 669.3m USD
EBITDA TTM = 1.21b USD
Long Term Debt = 3.26b USD (from longTermDebt, last quarter)
Short Term Debt = 89.8m USD (from shortTermDebt, last quarter)
Debt = 3.51b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.65b USD (from netDebt column, last quarter)
Enterprise Value = 33.85b USD (31.19b + Debt 3.51b - CCE 852.8m)
Interest Coverage Ratio = 1.82 (Ebit TTM 669.3m / Interest Expense TTM 368.5m)
FCF Yield = 0.22% (FCF TTM 73.8m / Enterprise Value 33.85b)
FCF Margin = 1.22% (FCF TTM 73.8m / Revenue TTM 6.04b)
Net Margin = 4.13% (Net Income TTM 249.8m / Revenue TTM 6.04b)
Gross Margin = 36.01% ((Revenue TTM 6.04b - Cost of Revenue TTM 3.87b) / Revenue TTM)
Gross Margin QoQ = 36.63% (prev 36.62%)
Tobins Q-Ratio = 2.30 (Enterprise Value 33.85b / Total Assets 14.70b)
Interest Expense / Debt = 1.67% (Interest Expense 58.7m / Debt 3.51b)
Taxrate = -3.83% (negative due to tax credits) (-8.31m / 216.9m)
NOPAT = 694.9m (EBIT 669.3m * (1 - -3.83%)) [negative tax rate / tax credits]
Current Ratio = 2.33 (Total Current Assets 4.04b / Total Current Liabilities 1.74b)
Debt / Equity = 0.42 (Debt 3.51b / totalStockholderEquity, last quarter 8.34b)
Debt / EBITDA = 2.20 (Net Debt 2.65b / EBITDA 1.21b)
Debt / FCF = 35.96 (Net Debt 2.65b / FCF TTM 73.8m)
Total Stockholder Equity = 7.97b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.70% (Net Income 249.8m / Total Assets 14.70b)
RoE = 3.14% (Net Income TTM 249.8m / Total Stockholder Equity 7.97b)
RoCE = 5.96% (EBIT 669.3m / Capital Employed (Equity 7.97b + L.T.Debt 3.26b))
RoIC = 7.60% (NOPAT 694.9m / Invested Capital 9.15b)
WACC = 13.88% (E(31.19b)/V(34.70b) * Re(15.25%) + D(3.51b)/V(34.70b) * Rd(1.67%) * (1-Tc(-0.04)))
Discount Rate = 15.25% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 1.29%
[DCF Debug] Terminal Value 56.21% ; FCFE base≈93.6m ; Y1≈93.0m ; Y5≈97.5m
Fair Price DCF = 4.56 (DCF Value 717.4m / Shares Outstanding 157.2m; 5y FCF grow -1.31% → 3.0% )
EPS Correlation: 3.47 | EPS CAGR: 6.38% | SUE: 1.45 | # QB: 2
Revenue Correlation: 81.24 | Revenue CAGR: 19.66% | SUE: 1.83 | # QB: 1
EPS next Quarter (2026-03-31): EPS=1.31 | Chg30d=+0.130 | Revisions Net=+15 | Analysts=17
EPS current Year (2026-06-30): EPS=5.06 | Chg30d=+0.463 | Revisions Net=+16 | Growth EPS=+43.3% | Growth Revenue=+14.8%
EPS next Year (2027-06-30): EPS=6.34 | Chg30d=+0.450 | Revisions Net=+13 | Growth EPS=+25.4% | Growth Revenue=+14.0%

Additional Sources for COHR Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle