COHR Valuation

Coherent Corp

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110.810

+3.58(3.339%)1D

Overview
Forecast
Valuation
Earnings

COHR Relative Valuation

COHR's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, COHR is overvalued; if below, it's undervalued.

Historical Valuation

Coherent Corp (COHR) is now in the Fair zone, suggesting that its current forward PE ratio of 25.15 is considered Fairly compared with the five-year average of 19.29. The fair price of Coherent Corp (COHR) is between 76.14 to 115.55 according to relative valuation methord.

Relative Value

Fair Zone

76.14-115.55

Current Price：107.23

Fair

25.15

Trailing

Forward

15.61

EV/EBITDA

Coherent Corp. (COHR) has a current EV/EBITDA of 15.61. The 5-year average EV/EBITDA is 10.51. The thresholds are as follows: Strongly Undervalued below 4.51, Undervalued between 4.51 and 7.51, Fairly Valued between 13.50 and 7.51, Overvalued between 13.50 and 16.50, and Strongly Overvalued above 16.50. The current Forward EV/EBITDA of 15.61 falls within the Overvalued range.

18.90

EV/EBIT

Coherent Corp. (COHR) has a current EV/EBIT of 18.90. The 5-year average EV/EBIT is 13.74. The thresholds are as follows: Strongly Undervalued below 5.86, Undervalued between 5.86 and 9.80, Fairly Valued between 17.67 and 9.80, Overvalued between 17.67 and 21.61, and Strongly Overvalued above 21.61. The current Forward EV/EBIT of 18.90 falls within the Overvalued range.

2.65

Coherent Corp. (COHR) has a current PS of 2.65. The 5-year average PS is 1.75. The thresholds are as follows: Strongly Undervalued below 0.60, Undervalued between 0.60 and 1.17, Fairly Valued between 2.32 and 1.17, Overvalued between 2.32 and 2.90, and Strongly Overvalued above 2.90. The current Forward PS of 2.65 falls within the Overvalued range.

18.03

P/OCF

Coherent Corp. (COHR) has a current P/OCF of 18.03. The 5-year average P/OCF is 11.64. The thresholds are as follows: Strongly Undervalued below -25.61, Undervalued between -25.61 and -6.98, Fairly Valued between 30.27 and -6.98, Overvalued between 30.27 and 48.90, and Strongly Overvalued above 48.90. The current Forward P/OCF of 18.03 falls within the Historic Trend Line -Fairly Valued range.

30.34

P/FCF

Coherent Corp. (COHR) has a current P/FCF of 30.34. The 5-year average P/FCF is 6.98. The thresholds are as follows: Strongly Undervalued below -146.96, Undervalued between -146.96 and -69.99, Fairly Valued between 83.95 and -69.99, Overvalued between 83.95 and 160.92, and Strongly Overvalued above 160.92. The current Forward P/FCF of 30.34 falls within the Historic Trend Line -Fairly Valued range.

Coherent Corp (COHR) has a current Price-to-Book (P/B) ratio of 3.11. Compared to its 3-year average P/B ratio of 1.71 , the current P/B ratio is approximately 82.40% higher. Relative to its 5-year average P/B ratio of 1.92, the current P/B ratio is about 62.02% higher. Coherent Corp (COHR) has a Forward Free Cash Flow (FCF) yield of approximately 1.54%. Compared to its 3-year average FCF yield of 2.35%, the current FCF yield is approximately -34.49% lower. Relative to its 5-year average FCF yield of 3.33% , the current FCF yield is about -53.76% lower.

3.11

P/B

Median3y

1.71

Median5y

1.92

1.54

FCF Yield

Median3y

2.35

Median5y

3.33

Competitors Valuation Multiple

The average P/S ratio for COHR's competitors is 7.95, providing a benchmark for relative valuation. Coherent Corp Corp (COHR) exhibits a P/S ratio of 2.65, which is -66.64% above the industry average. Given its robust revenue growth of 23.91%, this premium appears sustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

ChipMOS Technologies Inc

STMicroelectronics NV

Performance Decomposition

Market capitalization of COHR increased by 53.89% over the past 1 year. The primary factor behind the change was an decrease in P/E Change from -218.09 to -521.70.

The secondary factor is the Revenue Growth, contributed 23.91%to the performance.

Overall, the performance of COHR in the past 1 year is driven by P/E Change. Which is more unsustainable.

23.91%

1.21B → 1.50B

Revenue Growth

-109.23%

-1.30 → 0.12

Margin Expansion

139.21%

-218.09 → -521.70

P/E Change

53.89%