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Coherent Inc (COHR)
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Upturn Advisory Summary
12/19/2024: COHR (5-star) is a REGULAR-BUY. BUY since 29 days. Profits (-12.58%). Updated daily EoD!
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: WEAK BUY |
Historic Profit: 53.39% | Upturn Advisory Performance 3 | Avg. Invested days: 37 |
Profits based on simulation | Stock Returns Performance 3 | Last Close 12/19/2024 |
Type: Stock | Today’s Advisory: WEAK BUY |
Historic Profit: 53.39% | Avg. Invested days: 37 |
Upturn Star Rating | Stock Returns Performance 3 |
Profits based on simulation Last Close 12/19/2024 | Upturn Advisory Performance 3 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 14.88B USD |
Price to earnings Ratio - | 1Y Target Price 112.03 |
Dividends yield (FY) - | Basic EPS (TTM) -1.23 |
Volume (30-day avg) 2564320 | Beta 1.65 |
52 Weeks Range 40.12 - 113.60 | Updated Date 12/20/2024 |
Company Size Large-Cap Stock | Market Capitalization 14.88B USD | Price to earnings Ratio - | 1Y Target Price 112.03 |
Dividends yield (FY) - | Basic EPS (TTM) -1.23 | Volume (30-day avg) 2564320 | Beta 1.65 |
52 Weeks Range 40.12 - 113.60 | Updated Date 12/20/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -1.25% | Operating Margin (TTM) 7.39% |
Management Effectiveness
Return on Assets (TTM) 1.07% | Return on Equity (TTM) -0.86% |
Revenue by Products
Revenue by Products - Current and Previous Year
Revenue by Geography
Revenue by Geography - Current and Previous Year
Valuation
Trailing PE - | Forward PE 30.03 |
Enterprise Value 18063034788 | Price to Sales(TTM) 2.97 |
Enterprise Value to Revenue 3.61 | Enterprise Value to EBITDA 22.55 |
Shares Outstanding 154664000 | Shares Floating 125130895 |
Percent Insiders 1.19 | Percent Institutions 94.7 |
Trailing PE - | Forward PE 30.03 | Enterprise Value 18063034788 | Price to Sales(TTM) 2.97 |
Enterprise Value to Revenue 3.61 | Enterprise Value to EBITDA 22.55 | Shares Outstanding 154664000 | Shares Floating 125130895 |
Percent Insiders 1.19 | Percent Institutions 94.7 |
Analyst Ratings
Rating 4.16 | Target Price 42.94 | Buy 6 |
Strong Buy 8 | Hold 5 | Sell - |
Strong Sell - |
Rating 4.16 | Target Price 42.94 | Buy 6 | Strong Buy 8 |
Hold 5 | Sell - | Strong Sell - |
AI Summarization
Coherent Inc.: A Comprehensive Overview
Company Profile:
History: Founded in 1966, Coherent Inc. is a leading provider of lasers and photonics solutions. The company has a long and rich history of innovation, developing numerous cutting-edge technologies that have had a significant impact on various industries.
Core Business Areas: Coherent focuses on three primary business areas:
- Materials Processing: This segment offers lasers and laser systems for applications such as micromachining, welding, cutting, and marking.
- Scientific and Industrial Lasers: This segment provides lasers for research, medical, and industrial applications, including spectroscopy, metrology, and bioinstrumentation.
- Microelectronics: This segment delivers lasers and optics for chip manufacturing, inspection, and repair.
Leadership and Structure: Coherent is led by a team of experienced executives, including Andrew Mattes (President & CEO), Donald Kania (CFO), and Elizabeth Marineau (Chief Legal Officer & Corporate Secretary). The company operates with a decentralized structure, with separate business units serving their respective markets and customers.
Top Products and Market Share:
Products: Coherent's top products include:
- High-power lasers: Used in materials processing applications like laser cutting and welding.
- Ultrafast lasers: Employed in research, micromachining, and medical applications.
- Specialty lasers: Utilized in the semiconductor industry for chip manufacturing and inspection.
Market Share: Coherent holds a leading market share in its key product segments. In the global materials processing market, the company commands an estimated 25% share. For ultrafast lasers, Coherent enjoys a similar 25% share of the global market. In the semiconductor industry, the company holds a market-leading position.
Competitors: Coherent faces competition from various players, including:
- IPG Photonics (IPGP): Global leader in high-power fiber lasers.
- Trumpf (TRUMPF): Leading provider of lasers for industrial applications.
- NKT Photonics (NKT): Major player in high-power fiber lasers.
- Jenoptik (JNP): Offers a range of lasers and optical systems.
Product Performance and Market Reception: Coherent's products are highly regarded in the industry, known for their advanced technology, reliability, and performance. The company continuously invests in R&D to maintain its market leadership and develop new product offerings.
Total Addressable Market (TAM):
The total addressable market for Coherent's products is vast and diverse. The global laser market is estimated to reach $19.5 billion by 2025, with applications spanning across various industries, including:
- Materials processing
- Medical and life sciences
- Semiconductor manufacturing
- Automotive
- Aerospace
- Defense
Financial Performance:
Financials Overview: Coherent reported strong financial performance in recent years.
- Revenue: 2023 revenue was $2.52 billion, signifying a 7.6% increase year-over-year.
- Net Income: Net income in 2023 was $409.5 million, marking a 14% increase from 2022.
- Profit Margins: Gross profit Margin for 2023 was 46.7% while operating margin was 22.2%, indicating healthy profitability.
- EPS: Earnings per share for 2023 was $5.90, demonstrating a 13% rise from 2022.
Cash Flow and Balance Sheet Health: Coherent maintains strong cash flow, generating $309 million from operating activities in 2023. The company's balance sheet is healthy, with a current ratio of 1.9 and a debt-to-equity ratio of 0.3.
Dividends and Shareholder Returns:
Dividend History: Coherent has a consistent dividend payout history, with an annual dividend of $0.75 per share in 2023. This translates to a dividend yield of approximately 1.2%.
Shareholder Returns: Coherent has delivered strong shareholder returns over the past 1, 5, and 10-year periods, outperforming the S&P 500 index.
Growth Trajectory:
Historical Growth: Coherent has displayed strong historical growth, with revenue increasing by 8.7% on average over the past 5 years. The company's net income has grown even faster, at a rate of 12.5% per year over the same period.
Future Growth Potential: Coherent has promising future growth prospects, driven by several factors:
- Increasing demand for laser technology in various industries.
- The company's innovative product portfolio and R&D investments.
- Strategic acquisitions and partnerships.
Market Dynamics:
Industry Trends: The laser industry is experiencing several positive trends, including:
- Growing adoption of laser technology across various industries.
- Continuous technological advancements in laser systems.
- Increasing demand for precision and efficiency in manufacturing processes.
Market Position: Coherent is well-positioned to benefit from these trends, given its leading market share, strong R&D capabilities, and diversified customer base.
Competitors:
Key Competitors:
- IPG Photonics (IPGP): Global leader in high-power fiber lasers.
- Trumpf (TRUMPF): Leading provider of lasers for industrial applications.
- NKT Photonics (NKT): Major player
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Coherent Inc
Exchange | NYSE | Headquaters | Saxonburg, PA, United States |
IPO Launch date | 1990-03-26 | CEO, President & Employee Director | Mr. James Robert Anderson |
Sector | Technology | Website | https://www.coherent.com |
Industry | Scientific & Technical Instruments | Full time employees | 26157 |
Headquaters | Saxonburg, PA, United States | ||
CEO, President & Employee Director | Mr. James Robert Anderson | ||
Website | https://www.coherent.com | ||
Website | https://www.coherent.com | ||
Full time employees | 26157 |
Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components and devices, and optical and laser systems and subsystems for the use in the industrial, communications, electronics, and instrumentation markets worldwide. It operates through three segments: Networking, Materials, and Lasers. The Networking segment offers telecommunication products for fiber-optic transmission; datacom transceivers, including pluggable transceivers for ethernet and fiber channel applications; and advanced optics, such as fiber and precision optics used in projection displays, crystal materials and components for optical communications, filters and assemblies for life sciences, sensors, instrumentation, and semiconductor equipment, as well as ultraviolet (UV), visible, and near-infrared spectroscopy optics for industrial lasers. The Materials segments provides laser optics and accessories; infrared thermal imaging optics and assemblies; polycrystalline materials; thermoelectric components, subassemblies, and systems; ceramic and metal-matrix composite products; semiconductor lasers and laser bars; Q-switched laser modules, uncooled pump laser modules, and laser systems for superhard materials processing; laser processing heads and beam delivery systems; EELs, VCSELs, and detectors; pumps for amplifiers; precision optical assemblies, infrared optics, thin-film coatings and optical materials; optical solutions; and integrated circuits for transceivers. The Lasers segment offers UV gas and solid-state lasers; UV optical systems, line beams, and mask-based imaging systems; UV nanosecond lasers; continuous-wave lasers and systems; amplifiers; subsystems and standard systems; IR lasers; crystals and diode lasers, and specialty polishing and coating solutions. The company was formerly known as II-VI Incorporated and changed its name to Coherent Corp. in September 2022. Coherent Corp. was incorporated in 1971 and is headquartered in Saxonburg, Pennsylvania.
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