(COHR) Coherent - Overview
Sector: Technology | Industry: Scientific & Technical Instruments | Exchange: NYSE (USA) | Market Cap: 74.795m USD | Total Return: 368.3% in 12m
Avg Turnover: 2.07B
EPS Trend: 77.3%
Qual. Beats: 0
Rev. Trend: 87.7%
Qual. Beats: 3
Warnings
P/E ratio 181.2
Tailwinds
Rs Leader, Idiosyncratic Leader, Tailwind, Pullback 52w, Confidence
Coherent Corp. (NYSE: COHR) is a global manufacturer of engineered materials, optoelectronic components, and laser systems. The company operates through three primary segments: Networking, Materials, and Lasers, serving industries ranging from telecommunications and data centers to semiconductor capital equipment and display manufacturing.
The business model relies on vertical integration, producing both the raw materials and the complex finished systems used in high-speed optical communications and industrial precision manufacturing. In the electronic equipment sector, demand is increasingly driven by the expansion of AI-related infrastructure, which requires high-bandwidth optical transceivers to manage data flow between servers.
Investors can evaluate these performance drivers further by reviewing the detailed metrics available on ValueRay. Formerly known as II-VI Incorporated, the company rebranded to Coherent Corp. in 2022 following a major acquisition to consolidate its position in the photonics and laser markets.
- AI-driven demand for 800G optical transceivers accelerates networking segment revenue
- Silicon carbide expansion for electric vehicles drives long-term materials margins
- Semiconductor capital equipment recovery stimulates industrial laser system orders
- High debt levels from the Coherent acquisition impact net income sensitivity
- Global trade restrictions on advanced optoelectronics pose significant regulatory risk
| Net Income: 469.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -4.89 > 1.0 |
| NWC/Revenue: 65.61% < 20% (prev 39.37%; Δ 26.24% < -1%) |
| CFO/TA 0.01 > 3% & CFO 140.3m > Net Income 469.0m |
| Net Debt (1.24b) to EBITDA (1.15b): 1.08 < 3 |
| Current Ratio: 3.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (155.5m) vs 12m ago 0.19% < -2% |
| Gross Margin: 36.99% > 18% (prev 0.34%; Δ 3.66k% > 0.5%) |
| Asset Turnover: 41.61% > 50% (prev 38.73%; Δ 2.88% > 0%) |
| Interest Coverage Ratio: 2.13 > 6 (EBITDA TTM 1.15b / Interest Expense TTM 337.5m) |
| A: 0.25 (Total Current Assets 6.45b - Total Current Liabilities 2.11b) / Total Assets 17.3b |
| B: 64.43 (Retained Earnings 1114b / Total Assets 17.3b) |
| C: 0.05 (EBIT TTM 717.2m / Avg Total Assets 15.9b) |
| D: 1.77k (Book Value of Equity 11097b / Total Liabilities 6.27b) |
| Altman-Z'' = 2.07k = AAA |
| DSRI: 1.00 (Receivables 1.19b/1.01b, Revenue 6.60b/5.60b) |
| GMI: 0.93 (GM 36.99% / 34.48%) |
| AQI: 0.80 (AQ_t 0.49 / AQ_t-1 0.61) |
| SGI: 1.18 (Revenue 6.60b / 5.60b) |
| TATA: 0.02 (NI 469.0m - CFO 140.3m) / TA 17.3b) |
| Beneish M = -3.06 (Cap -4..+1) = AA |
As of May 28, 2026, the stock is trading at USD 380.18 with a total of 3,985,937 shares traded.
Over the past week, the price has changed by +7.51%,
over one month by +18.24%,
over three months by +46.83% and
over the past year by +368.26%.
Coherent has received a consensus analysts rating of 4.42. Therefore, it is recommended to buy COHR.
- StrongBuy: 11
- Buy: 5
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 380.6 | 0.1% |
P/E Trailing = 181.1896
P/E Forward = 50.7614
P/S = 11.3471
P/B = 6.9184
P/EG = 0.9206
Revenue TTM = 6.60b USD
EBIT TTM = 717.2m USD
EBITDA TTM = 1.15b USD
Long Term Debt = 3.18b USD (from longTermDebt, last quarter)
Short Term Debt = 61.4m USD (from shortTermDebt, last quarter)
Debt = 3.66b USD (from shortLongTermDebtTotal, last quarter) + Leases 231.3m
Net Debt = 1.24b USD (calculated: Debt 3.66b - CCE 2.42b)
Enterprise Value = 76.0b USD (74.8b + Debt 3.66b - CCE 2.42b)
Interest Coverage Ratio = 2.13 (Ebit TTM 717.2m / Interest Expense TTM 337.5m)
EV/FCF = -141.3x (Enterprise Value 76.0b / FCF TTM -538.2m)
FCF Yield = -0.71% (FCF TTM -538.2m / Enterprise Value 76.0b)
FCF Margin = -8.15% (FCF TTM -538.2m / Revenue TTM 6.60b)
Net Margin = 7.10% (Net Income TTM 469.0m / Revenue TTM 6.60b)
Gross Margin = 36.99% ((Revenue TTM 6.60b - Cost of Revenue TTM 4.16b) / Revenue TTM)
Gross Margin QoQ = 37.66% (prev 36.95%)
Tobins Q-Ratio = 4.40 (Enterprise Value 76.0b / Total Assets 17.3b)
Interest Expense / Debt = 9.23% (Interest Expense 337.5m / Debt 3.66b)
Taxrate = 1.47% (2.70m / 184.3m)
NOPAT = 706.7m (EBIT 717.2m * (1 - 1.47%))
Current Ratio = 3.05 (Total Current Assets 6.45b / Total Current Liabilities 2.11b)
Debt / Equity = 0.34 (Debt 3.66b / totalStockholderEquity, last quarter 10.7b)
Debt / EBITDA = 1.08 (Net Debt 1.24b / EBITDA 1.15b)
Debt / FCF = -2.30 (negative FCF - burning cash) (Net Debt 1.24b / FCF TTM -538.2m)
Total Stockholder Equity = 8.92b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.96% (Net Income 469.0m / Total Assets 17.3b)
RoE = 5.26% (Net Income TTM 469.0m / Total Stockholder Equity 8.92b)
RoCE = 5.92% (EBIT 717.2m / Capital Employed (Equity 8.92b + L.T.Debt 3.18b))
RoIC = 4.64% (NOPAT 706.7m / Invested Capital 15.2b)
WACC = 17.46% (E(74.8b)/V(78.5b) * Re(17.87%) + D(3.66b)/V(78.5b) * Rd(9.23%) * (1-Tc(0.01)))
Discount Rate = 17.87% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 59.68 | Cagr: 1.15%
[DCF] Fair Price = unknown (Cash Flow -538.2m)
EPS Correlation: 77.28 | EPS CAGR: 42.92% | SUE: 0.25 | # QB: 0
Revenue Correlation: 87.75 | Revenue CAGR: 12.84% | SUE: 1.20 | # QB: 3
EPS next Quarter (2026-09-30): EPS=1.77 | Chg30d=+7.74% | Revisions=+67% | Analysts=19
EPS current Year (2026-06-30): EPS=5.45 | Chg30d=+1.92% | Revisions=+71% | GrowthEPS=+54.5% | GrowthRev=+21.4%
EPS next Year (2027-06-30): EPS=8.10 | Chg30d=+8.63% | Revisions=+71% | GrowthEPS=+48.4% | GrowthRev=+34.0%
[Analyst] Revisions Ratio: +71%