COHERENT CORP. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 55.06 USD | +4.12% |
|
+11.77% | +26.49% |
| 23/04 | Activist Jana, in letter, urges Wolfspeed to eye sale, other strategic alternatives | RE |
| 22/04 | Activist Jana, in letter, urges Wolfspeed to eye sale, other strategic alternatives | RE |
Valuation
| Fiscal Period: Juni | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,322 | 4,356 | 7,614 | 5,424 | 7,105 | 8,359 | - | - |
| Enterprise Value (EV) 1 | 2,584 | 6,119 | 7,397 | 5,142 | 10,582 | 10,970 | 10,692 | 10,090 |
| P/E ratio | 22.4 x | -59.8 x | 30.6 x | 35.1 x | -17.4 x | -34.9 x | 97.6 x | 78.7 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 1.7 x | 1.83 x | 2.45 x | 1.64 x | 1.38 x | 1.81 x | 1.55 x | 1.39 x |
| EV / Revenue | 1.9 x | 2.57 x | 2.38 x | 1.55 x | 2.05 x | 2.38 x | 1.98 x | 1.68 x |
| EV / EBITDA | 8.97 x | 12.4 x | 9.24 x | 5.95 x | 8.54 x | 11.1 x | 8.09 x | 6.4 x |
| EV / FCF | 62.5 x | 38.1 x | 17.3 x | 51.9 x | 53.5 x | 57.2 x | 27.4 x | 20.3 x |
| FCF Yield | 1.6% | 2.62% | 5.79% | 1.93% | 1.87% | 1.75% | 3.65% | 4.92% |
| Price to Book | 2.12 x | 1.93 x | 2.25 x | 1.64 x | 1.41 x | 1.25 x | 1.27 x | 1.17 x |
| Nbr of stocks (in thousands) | 63,522 | 92,254 | 1,04,884 | 1,06,457 | 1,39,378 | 1,51,813 | - | - |
| Reference price 2 | 36.56 | 47.22 | 72.59 | 50.95 | 50.98 | 55.06 | 55.06 | 55.06 |
| 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: Juni | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,362 | 2,380 | 3,106 | 3,317 | 5,160 | 4,618 | 5,404 | 6,020 |
| EBITDA 1 | 288 | 493.1 | 800.7 | 864.8 | 1,239 | 984.2 | 1,321 | 1,575 |
| EBIT 1 | 148.7 | 324.8 | 601.5 | 650.2 | 966.5 | 701.4 | 1,010 | 1,223 |
| Operating Margin | 10.91% | 13.65% | 19.37% | 19.6% | 18.73% | 15.19% | 18.68% | 20.32% |
| Earnings before Tax (EBT) 1 | 128.8 | -63.93 | 352.6 | 281.8 | -355.6 | -136.8 | 364.9 | 309 |
| Net income 1 | 107.5 | -67.03 | 297.6 | 166.5 | -403.7 | -269.3 | -21.3 | 255.1 |
| Net margin | 7.89% | -2.82% | 9.58% | 5.02% | -7.82% | -5.83% | -0.39% | 4.24% |
| EPS 2 | 1.630 | -0.7900 | 2.370 | 1.450 | -2.930 | -1.576 | 0.5640 | 0.7000 |
| Free Cash Flow 1 | 41.35 | 160.4 | 428 | 99 | 198 | 191.8 | 390.5 | 496.5 |
| FCF margin | 3.04% | 6.74% | 13.78% | 2.98% | 3.84% | 4.15% | 7.23% | 8.25% |
| FCF Conversion (EBITDA) | 14.36% | 32.53% | 53.46% | 11.45% | 15.98% | 19.48% | 29.55% | 31.51% |
| FCF Conversion (Net income) | 38.46% | - | 143.85% | 59.45% | - | - | - | 194.63% |
| 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 Q1 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 795.1 | 806.8 | 827.7 | 887 | 1,345 | 1,370 | 1,240 | 1,205 | 1,053 | 1,131 | 1,167 | 1,268 | 1,300 | 1,344 | 1,346 |
| EBITDA 1 | 202.2 | 211 | 226.4 | 225 | 351.5 | 345.8 | 289.1 | 257.4 | 200 | 243 | 242.2 | 282.8 | 303.9 | 326.4 | 312.7 |
| EBIT 1 | 150.2 | 159.2 | 172 | 168.6 | 286.4 | 277.8 | 217.1 | 185.1 | 132.4 | 171.6 | 180 | 218.9 | 237.9 | 257.3 | 252.4 |
| Operating Margin | 18.89% | 19.73% | 20.78% | 19.01% | 21.3% | 20.27% | 17.51% | 15.36% | 12.57% | 15.17% | 15.43% | 17.27% | 18.3% | 19.15% | 18.75% |
| Earnings before Tax (EBT) 1 | 90.44 | 79.35 | 63.03 | 48.98 | 51.02 | -66.35 | -4.747 | -233.4 | -88.3 | -37.41 | -1.75 | -6.15 | 75.02 | 86.6 | 109.4 |
| Net income 1 | 57.38 | 50.95 | 31.85 | 26.34 | -74.3 | -81 | -33.52 | -214.9 | -97.71 | -57.6 | -68.05 | -44.53 | -19.26 | -7.362 | -6.63 |
| Net margin | 7.22% | 6.32% | 3.85% | 2.97% | -5.53% | -5.91% | -2.7% | -17.83% | -9.28% | -5.09% | -5.83% | -3.51% | -1.48% | -0.55% | -0.49% |
| EPS 2 | 0.5000 | 0.4400 | 0.2800 | 0.2300 | -0.5600 | -0.5800 | -0.2400 | -1.540 | -0.6500 | -0.3800 | -0.3175 | -0.2100 | 0.0850 | 0.2633 | 0.1567 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 09/11/21 | 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 | - | - | - | - | - |
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 | 2,611 | 2,333 | 1,731 |
| Net Cash position 1 | - | - | 217 | 282 | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.9102 x | 3.574 x | - | - | 2.807 x | 2.653 x | 1.766 x | 1.099 x |
| Free Cash Flow 1 | 41.4 | 160 | 428 | 99 | 198 | 192 | 391 | 497 |
| ROE (net income / shareholders' equity) | 9.97% | 16.1% | 16.8% | 14.4% | 10.5% | 4.35% | 7.15% | 10% |
| ROA (Net income/ Total Assets) | 5.79% | 7.2% | 7.8% | 7.03% | 4.19% | 1.63% | 3.18% | 4.5% |
| Assets 1 | 1,858 | -931.6 | 3,815 | 2,369 | -9,645 | -16,560 | -669.6 | 5,674 |
| Book Value Per Share 2 | 17.20 | 24.50 | 32.30 | 31.00 | 36.20 | 44.00 | 43.40 | 47.00 |
| Cash Flow per Share 2 | 2.710 | 3.500 | - | 3.550 | 4.610 | 2.550 | 7.260 | 9.190 |
| Capex 1 | 137 | 137 | 146 | 314 | 436 | 347 | 397 | 441 |
| Capex / Sales | 10.06% | 5.75% | 4.71% | 9.48% | 8.45% | 7.51% | 7.35% | 7.33% |
| 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
C-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
55.06
USD
Average target price
65.54
USD
Spread / Average Target
+19.04%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +26.49% | 8.36B | |
| +21.55% | 72.28B | |
| -4.21% | 34.41B | |
| -16.43% | 28.52B | |
| -7.17% | 14.26B | |
| -13.03% | 9.92B | |
| +5.83% | 9.52B | |
| +71.16% | 8.54B | |
| +69.91% | 8.21B | |
| +3.02% | 7.91B |
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