Financials Coherent Corp. Deutsche Boerse AG

Equities

H7B

US19247G1076

Electronic Equipment & Parts

Market Closed - Deutsche Boerse AG 03:09:06 03/07/2024 pm IST 5-day change 1st Jan Change
68.2 EUR +1.19% Intraday chart for Coherent Corp. +2.40% +67.16%

Valuation

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,322 4,356 7,614 5,424 7,105 11,261 - -
Enterprise Value (EV) 1 2,584 6,119 7,397 5,142 10,582 13,689 13,468 12,848
P/E ratio 22.4 x -59.8 x 30.6 x 35.1 x -17.4 x -46.9 x 166 x 61.8 x
Yield - - - - - - - -
Capitalization / Revenue 1.7 x 1.83 x 2.45 x 1.64 x 1.38 x 2.41 x 2.07 x 1.84 x
EV / Revenue 1.9 x 2.57 x 2.38 x 1.55 x 2.05 x 2.93 x 2.48 x 2.1 x
EV / EBITDA 8.97 x 12.4 x 9.24 x 5.95 x 8.54 x 14.6 x 10.7 x 8.52 x
EV / FCF 62.5 x 38.1 x 17.3 x 51.9 x 53.5 x 196 x 38.4 x 24 x
FCF Yield 1.6% 2.62% 5.79% 1.93% 1.87% 0.51% 2.6% 4.17%
Price to Book 2.12 x 1.93 x 2.25 x 1.64 x 1.41 x 1.76 x 1.77 x 1.63 x
Nbr of stocks (in thousands) 63,522 92,254 1,04,884 1,06,457 1,39,378 1,52,461 - -
Reference price 2 36.56 47.22 72.59 50.95 50.98 73.86 73.86 73.86
Announcement Date 13/08/19 13/08/20 10/08/21 24/08/22 16/08/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,362 2,380 3,106 3,317 5,160 4,667 5,432 6,119
EBITDA 1 288 493.1 800.7 864.8 1,239 940 1,253 1,508
EBIT 1 148.7 324.8 601.5 650.2 966.5 696.8 969.1 1,202
Operating Margin 10.91% 13.65% 19.37% 19.6% 18.73% 14.93% 17.84% 19.64%
Earnings before Tax (EBT) 1 128.8 -63.93 352.6 281.8 -355.6 -164.6 299.4 620
Net income 1 107.5 -67.03 297.6 166.5 -403.7 -254.6 17.52 242.2
Net margin 7.89% -2.82% 9.58% 5.02% -7.82% -5.46% 0.32% 3.96%
EPS 2 1.630 -0.7900 2.370 1.450 -2.930 -1.576 0.4460 1.195
Free Cash Flow 1 41.35 160.4 428 99 198 69.67 350.7 536.3
FCF margin 3.04% 6.74% 13.78% 2.98% 3.84% 1.49% 6.46% 8.77%
FCF Conversion (EBITDA) 14.36% 32.53% 53.46% 11.45% 15.98% 7.41% 27.99% 35.56%
FCF Conversion (Net income) 38.46% - 143.85% 59.45% - - 2,001.57% 221.49%
Dividend per Share 2 - - - - - - - -
Announcement Date 13/08/19 13/08/20 10/08/21 24/08/22 16/08/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Net sales 1 806.8 827.7 887 1,345 1,370 1,240 1,205 1,053 1,131 1,209 1,275 1,301 1,340 1,353 1,409
EBITDA 1 211 226.4 225 351.5 345.8 289.1 257.4 200 243 468.5 280.1 287.6 302.6 318.8 335
EBIT 1 159.2 172 168.6 286.4 277.8 217.1 185.1 132.4 171.6 52.43 211.1 222.2 239.7 246.6 270.5
Operating Margin 19.73% 20.78% 19.01% 21.3% 20.27% 17.51% 15.36% 12.57% 15.17% 4.34% 16.55% 17.08% 17.89% 18.22% 19.19%
Earnings before Tax (EBT) 1 79.35 63.03 48.98 51.02 -66.35 -4.747 -233.4 -88.3 -37.41 -31.85 -43.45 41.34 62.6 91.27 119
Net income 1 50.95 31.85 26.34 -74.3 -81 -33.52 -214.9 -97.71 -57.6 -44.38 -62.48 -23.75 -8.035 1.282 16.43
Net margin 6.32% 3.85% 2.97% -5.53% -5.91% -2.7% -17.83% -9.28% -5.09% -3.67% -4.9% -1.83% -0.6% 0.09% 1.17%
EPS 2 0.4400 0.2800 0.2300 -0.5600 -0.5800 -0.2400 -1.540 -0.6500 -0.3800 -0.2900 -0.2975 -0.0575 0.0425 0.1100 0.2000
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 09/02/22 10/05/22 24/08/22 09/11/22 08/02/23 10/05/23 16/08/23 06/11/23 05/02/24 06/05/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 262 1,762 - - 3,476 2,428 2,208 1,587
Net Cash position 1 - - 217 282 - - - -
Leverage (Debt/EBITDA) 0.9102 x 3.574 x - - 2.807 x 2.583 x 1.762 x 1.052 x
Free Cash Flow 1 41.4 160 428 99 198 69.7 351 536
ROE (net income / shareholders' equity) 9.97% 16.1% 16.8% 14.4% 10.5% 3.2% 6.99% 9.85%
ROA (Net income/ Total Assets) 5.79% 7.2% 7.8% 7.03% 4.19% 1.88% 3.35% 4.79%
Assets 1 1,858 -931.6 3,815 2,369 -9,645 -13,564 523.6 5,053
Book Value Per Share 2 17.20 24.50 32.30 31.00 36.20 41.90 41.70 45.40
Cash Flow per Share 2 2.710 3.500 - 3.550 4.610 2.560 6.930 9.050
Capex 1 137 137 146 314 436 376 429 480
Capex / Sales 10.06% 5.75% 4.71% 9.48% 8.45% 8.07% 7.89% 7.85%
Announcement Date 13/08/19 13/08/20 10/08/21 24/08/22 16/08/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
73.86 USD
Average target price
67 USD
Spread / Average Target
-9.29%
Consensus