Coherent (COHR) Stock Analysis
This is a peer-relative look at Coherent (COHR): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Technology Hardware & Equipment peers, so every number reads in context rather than in isolation.
Company Profile
| Profile Item | COHR |
|---|---|
| Name | Coherent Corp. |
| Country/Region | United States |
| GICS Sector | Information Technology |
| GICS Industry Group | Technology Hardware & Equipment |
| GICS Industry | Electronic Equipment, Instruments & Components |
| GICS Sub-Industry | Electronic Components |
| Market Capitalization | 37.98 billion USD |
| Currency | USD |
| Exchange | NYSE |
| Listing Date | October 2, 1987 |
| Security Type | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | Current stock: COHR | Industry group median |
|---|---|---|
| Total Return (1Y) | 48.11% | 19.81% |
| Total Return (3Y, Annualized) | 90.06% | 26.50% |
| Total Return (5Y, Annualized) | 28.94% | 9.52% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | Current stock: COHR | Industry group median |
|---|---|---|
| Volatility (1Y, Annualized) | 91.27% | 55.75% |
| Beta (5Y) | 2.19 | 1.39 |
| Max Drawdown (5Y) | -62.87% | -58.83% |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | Current stock: COHR | Industry group median |
|---|---|---|
| Sharpe Ratio (1Y) | 0.48 | 0.28 |
| Sortino Ratio (1Y) | 0.70 | 0.40 |
Profitability
ROE (TTM)
Coherent (COHR) posts ROE of 9.27%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.
COHR
Technology Hardware & Equipment industry group
9.27%
Group distribution
- Max
- 42.47%
- Q3
- 19.13%
- Median
- 11.00%
- COHR
- 9.27%
- Q1
- 1.63%
- Min
- -20.62%
Largest peers
- AAPL
- 142.26%
- SNDK
- 141.17%
- APH
- 40.08%
- ANET
- 33.52%
- CSCO
- 27.32%
- COHR
- 9.27%
- DELL
- --
Net Margin (TTM)
Coherent (COHR) keeps 12.18% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.
COHR
Technology Hardware & Equipment industry group
12.18%
Group distribution
- Max
- 27.60%
- COHR
- 12.18%
- Q3
- 11.66%
- Median
- 4.08%
- Q1
- 0.00%
- Min
- -11.02%
Largest peers
- SNDK
- 67.04%
- ANET
- 39.97%
- AAPL
- 27.60%
- CSCO
- 20.95%
- APH
- 17.95%
- COHR
- 12.18%
- DELL
- 7.53%
Operating Margin (TTM)
Coherent (COHR) turns 16.30% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.
COHR
Technology Hardware & Equipment industry group
16.30%
Group distribution
- Max
- 36.27%
- Q3
- 18.36%
- COHR
- 16.30%
- Median
- 8.84%
- Q1
- 1.46%
- Min
- -21.39%
Largest peers
- SNDK
- 79.59%
- ANET
- 44.90%
- AAPL
- 31.13%
- APH
- 29.68%
- CSCO
- 27.72%
- COHR
- 16.30%
- DELL
- 12.02%
Profitability Metrics
| Metric | Current stock: COHR | Industry group median |
|---|---|---|
| ROE (TTM) | 9.27% | 11.00% |
| ROA (TTM) | 3.99% | 4.78% |
| Net Margin (TTM) | 12.18% | 4.08% |
| Operating Margin (TTM) | 16.30% | 8.84% |
| Gross Margin (TTM) | 38.16% | 39.87% |
Growth
Revenue Growth
Coherent (COHR) grew revenue 22.51%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.
EPS Growth
No usable EPS growth is available for Coherent (COHR) this period, so the earnings-momentum read is skipped.
Growth Metrics
| Metric | Current stock: COHR | Industry group median |
|---|---|---|
| Revenue Growth (YoY) | 22.51% | 10.87% |
| Revenue Growth (3Y CAGR) | 11.32% | 2.79% |
| EPS Growth (YoY) | -- | 14.29% |
| EPS Growth (3Y CAGR) | -- | 3.49% |
Financial Strength
Current Ratio (MRQ)
Coherent (COHR) has current ratio of 2.29, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.
COHR
Technology Hardware & Equipment industry group
2.29
Group distribution
- Max
- 5.34
- Q3
- 3.02
- COHR
- 2.29
- Median
- 1.95
- Q1
- 1.32
- Min
- 0.17
Largest peers
- ANET
- 3.29
- SNDK
- 2.58
- COHR
- 2.29
- APH
- 1.94
- AAPL
- 1.02
- DELL
- 0.96
- CSCO
- 0.93
Debt / Equity (MRQ)
Coherent (COHR) has debt-to-equity ratio of 0.37, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.
COHR
Technology Hardware & Equipment industry group
0.37
Group distribution
- Max
- 1.76
- Q3
- 0.78
- COHR
- 0.37
- Median
- 0.24
- Q1
- 0.04
- Min
- 0.01
Largest peers
- APH
- 1.03
- AAPL
- 0.84
- CSCO
- 0.62
- COHR
- 0.37
- SNDK
- 0.01
- ANET
- --
- DELL
- --
Financial Strength Metrics
| Metric | Current stock: COHR | Industry group median |
|---|---|---|
| Current Ratio (MRQ) | 2.29 | 1.95 |
| Debt / Equity (MRQ) | 0.37 | 0.24 |
| Net Debt / EBITDA | 1.56 | 0.16 |
Dividends
Dividend Yield (TTM)
Coherent (COHR) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.
COHR
Technology Hardware & Equipment industry group
0.00%
Group distribution
- Max
- 0.73%
- Q3
- 0.31%
- COHR
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- CSCO
- 1.73%
- DELL
- 0.73%
- APH
- 0.70%
- AAPL
- 0.31%
- COHR
- 0.00%
- ANET
- 0.00%
- SNDK
- 0.00%
Dividend Payout Ratio (TTM)
Coherent (COHR) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.
COHR
Technology Hardware & Equipment industry group
0.00%
Group distribution
- Max
- 32.27%
- Q3
- 14.48%
- COHR
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- CSCO
- 49.85%
- APH
- 21.74%
- DELL
- 13.43%
- AAPL
- 11.80%
- COHR
- 0.00%
- ANET
- 0.00%
- SNDK
- 0.00%
Dividend Metrics
| Metric | Current stock: COHR | Industry group median |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Coherent (COHR) trades at P/E ratio of 39.92, near the industry’s usual earnings multiple. The stock is not showing a clear peer discount or premium on trailing earnings.
COHR
Technology Hardware & Equipment industry group
39.92
Group distribution
- Max
- 69.48
- Q3
- 41.02
- COHR
- 39.92
- Median
- 26.39
- Q1
- 19.36
- Min
- 6.07
Largest peers
- ANET
- 45.79
- COHR
- 39.92
- AAPL
- 38.13
- APH
- 32.43
- CSCO
- 28.18
- DELL
- 19.10
- SNDK
- 6.67
P/S Ratio (TTM)
Coherent (COHR) trades at 4.80 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.
COHR
Technology Hardware & Equipment industry group
4.80
Group distribution
- Max
- 11.30
- Q3
- 5.82
- COHR
- 4.80
- Median
- 2.56
- Q1
- 1.05
- Min
- 0.00
Largest peers
- ANET
- 18.15
- AAPL
- 10.39
- CSCO
- 5.84
- APH
- 5.57
- COHR
- 4.80
- SNDK
- 4.10
- DELL
- 1.38
P/B Ratio (MRQ)
Coherent (COHR) trades at 3.35 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.
COHR
Technology Hardware & Equipment industry group
3.35
Group distribution
- Max
- 10.75
- Q3
- 5.52
- COHR
- 3.35
- Median
- 3.17
- Q1
- 1.79
- Min
- 0.33
Largest peers
- AAPL
- 44.39
- ANET
- 13.12
- APH
- 10.75
- CSCO
- 7.36
- SNDK
- 6.63
- COHR
- 3.35
- DELL
- -147.32
Valuation Metrics
| Metric | Current stock: COHR | Industry group median |
|---|---|---|
| P/E Ratio (TTM) | 39.92 | 26.39 |
| P/S Ratio (TTM) | 4.80 | 2.56 |
| P/B Ratio (MRQ) | 3.35 | 3.17 |
| Free Cash Flow Yield (TTM) | -4.44% | 2.83% |