Coherent (NYSE:COHR) - Stock Price, News & Analysis

COHR Stock Overview

Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide.

COHR fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	3/6
Past Performance	0/6
Financial Health	1/6
Dividends	0/6

Rewards

Trading at 45.9% below our estimate of its fair value

Earnings are forecast to grow 73.52% per year

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Volatile share price over the past 3 months

Shareholders have been diluted in the past year

Coherent Corp. Competitors

Littelfuse

NasdaqGS:LFUS

US$5.4b

Vishay Intertechnology

NYSE:VSH

US$3.1b

Belden

NYSE:BDC

US$3.0b

Rogers

NYSE:ROG

US$2.3b

Price History & Performance

Summary of all time highs, changes and price drops for Coherent
Historical stock prices
Current Share Price	US$29.19
52 Week High	US$60.46
52 Week Low	US$26.29
Beta	1.57
1 Month Change	-10.57%
3 Month Change	-37.81%
1 Year Change	-13.15%
3 Year Change	-36.25%
5 Year Change	-35.12%
Change since IPO	6,127.20%

Coherent: Not Sending A Coherent Message

Oct 17

Coherent Corp. (NYSE:COHR) Shares Could Be 39% Below Their Intrinsic Value Estimate

Oct 01

Recent updates

Coherent: Not Sending A Coherent Message

Oct 17

Coherent Corp. (NYSE:COHR) Shares Could Be 39% Below Their Intrinsic Value Estimate

Oct 01

Coherent: Short-Term Macro Headwinds Have Been Outweighing Silicon Carbide Tailwinds

Jun 02

Here's Why Coherent (NYSE:COHR) Has A Meaningful Debt Burden

Jun 02

These Analysts Think Coherent Corp.'s (NYSE:COHR) Earnings Are Under Threat

May 12

Calculating The Intrinsic Value Of Coherent Corp. (NASDAQ:COHR)

Dec 01

Shareholders Will Probably Hold Off On Increasing Coherent Corp.'s (NASDAQ:COHR) CEO Compensation For The Time Being

Nov 10

Coherent has a new Chief Technology Officer

Oct 18

What Does Coherent Corp.'s (NASDAQ:COHR) Share Price Indicate?

Oct 06

We Think II-VI (NASDAQ:IIVI) Can Stay On Top Of Its Debt

Aug 25

II-VI rises on deal to supply Infineon with substrates

Aug 23

II-VI: Technology For The Future

Aug 15

Shareholder Returns

	COHR	US Electronic	US Market
7D	-5.8%	-0.8%	-1.2%
1Y	-13.2%	-3.0%	5.9%

Return vs Industry: COHR underperformed the US Electronic industry which returned -3% over the past year.

Return vs Market: COHR underperformed the US Market which returned 5.9% over the past year.

Price Volatility

Is COHR's price volatile compared to industry and market?
COHR volatility
COHR Average Weekly Movement	10.7%
Electronic Industry Average Movement	6.6%
Market Average Movement	5.6%
10% most volatile stocks in US Market	14.2%
10% least volatile stocks in US Market	2.7%

Stable Share Price: COHR is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: COHR's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

Founded	Employees	CEO	Website
1971	26,622	Chuck Mattera	https://www.coherent.com

Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. It operates through two segments: Compound Semiconductors and Photonic Solutions. The Compound Semiconductors segment provides optical and electro-optical components and materials used in CO2 lasers, fiber-lasers, and direct diode lasers for materials processing applications; infrared optical components and high-precision optical assemblies for aerospace and defense, medical, and commercial laser imaging applications; semiconductor lasers and detectors for optical interconnects and sensing applications; engineered materials for thermoelectric, ceramics, and silicon carbide various applications; and compound semiconductor epitaxial wafers for applications in optical and wireless communication.

Coherent Corp. Fundamentals Summary

How do Coherent's earnings and revenue compare to its market cap?
COHR fundamental statistics
Market Cap	US$4.42b
Earnings (TTM)	-US$403.67m
Revenue (TTM)	US$5.16b

0.9x

P/S Ratio

-10.9x

P/E Ratio

Is COHR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
COHR income statement (TTM)
Revenue	US$5.16b
Cost of Revenue	US$3.38b
Gross Profit	US$1.78b
Other Expenses	US$2.19b
Earnings	-US$403.67m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

Nov 06, 2023

Earnings per share (EPS)	-2.67
Gross Margin	34.58%
Net Profit Margin	-7.82%
Debt/Equity Ratio	59.6%

How did COHR perform over the long term?

See historical performance and comparison

COHR Stock Overview

Rewards

Risk Analysis

Coherent Corp. Competitors

NasdaqGS:LFUS

US$5.4b

NYSE:VSH

US$3.1b

NYSE:BDC

US$3.0b

NYSE:ROG

US$2.3b

Price History & Performance

Recent News & Updates

Coherent Corp. to Report Q1, 2024 Results on Nov 06, 2023

Coherent: Not Sending A Coherent Message

Coherent Corp. announced that it expects to receive $1 billion in funding from DENSO Corporation, Mitsubishi Electric Corporation

Coherent Corp. announced that it expects to receive $1 billion in funding from DENSO Corporation, Mitsubishi Electric Corporation

Semtech and Coherent Demonstrate 200G per Lane Differential Driver with 200G DFB-MZ Laser at ECOC 2023

Coherent Corp. (NYSE:COHR) Shares Could Be 39% Below Their Intrinsic Value Estimate

Recent updates

Coherent Corp. to Report Q1, 2024 Results on Nov 06, 2023

Coherent: Not Sending A Coherent Message

Coherent Corp. announced that it expects to receive $1 billion in funding from DENSO Corporation, Mitsubishi Electric Corporation

Coherent Corp. announced that it expects to receive $1 billion in funding from DENSO Corporation, Mitsubishi Electric Corporation

Semtech and Coherent Demonstrate 200G per Lane Differential Driver with 200G DFB-MZ Laser at ECOC 2023

Coherent Corp. (NYSE:COHR) Shares Could Be 39% Below Their Intrinsic Value Estimate

Coherent Corp., Annual General Meeting, Nov 09, 2023

Coherent Corp. Unveils Industry's First 140 GBaud Optical Subassembly to Enable 800g in Ultracompact Pluggable Form Factors for Optical Communications Networks

Coherent Corp. Announces Board Appointments

Coherent Corp. Introduces WaveMaker and WaveShaper Instruments to Lower Cost of Testing Next-Generation Technology for Optical Networks

Coherent Corp. Announces CFO Changes

Coherent Corp. Announces Executive Changes, Effective as of September 30, 2023

Is Coherent (NYSE:COHR) A Risky Investment?

Coherent Corp. Appoints Ilaria Mocciaro as Principal Accounting Officer

Board Chair & CEO exercised options to buy US$1.1m worth of stock.

Coherent Corp. Provides Earnings Guidance for the First Quarter Ending September 30, 2023 and Year Ending June 30, 2024

Price target decreased by 9.2% to US$47.06

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 34% undervalued

Coherent Fiscal Q4 Earnings: Disappointing Outlook, Deteriorating Profitability

Board Chair & CEO notifies of intention to sell stock

Coherent Corp. to Report Q4, 2023 Results on Aug 15, 2023

Should You Investigate Coherent Corp. (NYSE:COHR) At US$47.28?

Coherent Corp. Appoints Christopher Dorman as Executive VP, Lasers Business

Price target increased by 7.0% to US$50.44

Price target increased by 8.7% to US$48.94

Coherent Corp. Appoints Dr. Young-Kai Chen as Deputy Chief Technology Officer

Coherent: Benefiting From Migration To Ethernet Switching Attached To AI/ML

Board Chair & CEO notifies of intention to sell stock

Board Chair & CEO notifies of intention to sell stock

New minor risk - Share price stability

Price target increased by 7.8% to US$45.00

Estimating The Intrinsic Value Of Coherent Corp. (NYSE:COHR)

Board Chair & CEO notifies of intention to sell stock

Coherent Introduces PowerLine FL Series of Cost-Effective Laser Subsystems for Precision Welding and Cutting

Coherent: Discounted And Attractive Entry Point For The Medium To Long Term

Coherent: Short-Term Macro Headwinds Have Been Outweighing Silicon Carbide Tailwinds

Coherent Corp. Introduces New Highmotion 2D Laser Processing Head Optimized for Deep Copper Welds over Wide Working Areas in Ev Applications

Here's Why Coherent (NYSE:COHR) Has A Meaningful Debt Burden

Coherent Corp. Introduces 1 kW Optical Isolator for High-Energy Ultrashort-Pulse Lasers

These Analysts Think Coherent Corp.'s (NYSE:COHR) Earnings Are Under Threat

Coherent Corp. Provides Revenue Guidance for the Fourth Quarter and Full Year Ending June 30, 2023

Price target decreased by 7.5% to US$53.22

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Independent Director notifies of intention to sell stock

Coherent Introduces Ultra-Wideband Telemetry Module for Embedded Performance Monitoring in C+L-Band Optical Transport Systems

Coherent Corp. Introduces Portfolio of Smaller Ultracompact Components for Optical Amplifiers Embedded in Telecom Transceivers and LiDAR Subsystems

Coherent Introduces 2x1000 mW Dual-Chip Pump Laser Module for Optical Amplification in Optical Networks

Second quarter 2023 earnings: EPS misses analyst expectations

Coherent Corp. Provides Earnings Guidance for the Third Quarter and Full Fiscal Year Ending March 31, 2023

Coherent Corp. Introduces Fully Automated Laser Processing System for Implantable Medical Devices

Coherent Corp. to Report Q2, 2023 Results on Feb 08, 2023

Coherent Corp. Introduces 266 nm HyperRapid NXT Picosecond Laser for Ultraprecise Machining of OLED Displays

Coherent Corp. Introduces 150 W Monaco Laser for Large OLED Display Glass Cutting

Coherent Introduces First Commercially Available 50 W Pump Laser Diodes for Fiber Lasers

Coherent Corp. Appoints Beck Mason as Executive Vice President, Telecommunications

Coherent Corp. Announces Introduction of its 905 nm Triple-Junction Edge-Emitting Semiconductor Lasers for Light Detection and Ranging in Industrial Applications

Calculating The Intrinsic Value Of Coherent Corp. (NASDAQ:COHR)

Coherent Corp. Elects Shaker Sadasivam as Class Two Director