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58.5 (1y: +25%)
Market Cap 1.41 B P/E(ttm) 24.10
Enterprise Value 1.2 B P/B
COHR- NAS (USA)
Coherent, Inc.
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$58.50
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry		 vs
history
Cash to Debt No Debt
COHR's Cash to Debt is ranked higher than
100% of the 1561 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 118.50 vs. COHR: No Debt )
COHR' s 10-Year Cash to Debt Range
Min: 2.46   Max: 16242.3
Current: No Debt
2.46
16242.3
Interest Coverage No Debt
COHR's Interest Coverage is ranked higher than
71% of the 1561 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 10000.00 vs. COHR: No Debt )
COHR' s 10-Year Interest Coverage Range
Min: 46   Max: No Debt
Current: No Debt
F-Score: 6
Z-Score: 5.98
M-Score: -1.67
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry		 vs
history
Operating margin (%) 11.00
COHR's Operating margin (%) is ranked higher than
86% of the 1946 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.80 vs. COHR: 11.00 )
COHR' s 10-Year Operating margin (%) Range
Min: -12.9   Max: 14
Current: 11
-12.9
14
Net-margin (%) 7.9
COHR's Net-margin (%) is ranked higher than
85% of the 1946 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.70 vs. COHR: 7.9 )
COHR' s 10-Year Net-margin (%) Range
Min: -17.4   Max: 21.1
Current: 7.9
-17.4
21.1
Revenue Growth (%) 7
COHR's Revenue Growth (%) is ranked higher than
98% of the 1946 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.65 vs. COHR: 7 )
COHR' s 10-Year Revenue Growth (%) Range
Min: -9.8   Max: 15.6
Current: 7
-9.8
15.6
EBITDA Growth (%) 8.1
COHR's EBITDA Growth (%) is ranked lower than
59% of the 1946 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.25 vs. COHR: 8.1 )
COHR' s 10-Year EBITDA Growth (%) Range
Min: -7.1   Max: 29.9
Current: 8.1
-7.1
29.9
EPS Growth (%) 14.1
COHR's EPS Growth (%) is ranked lower than
71% of the 1561 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 4.80 vs. COHR: 14.1 )
COHR' s 10-Year EPS Growth (%) Range
Min: -36.2   Max: 44.9
Current: 14.1
-36.2
44.9
» COHR's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

COHR Guru Trades in Q2 2012

Paul Tudor Jones 9,900 sh (New)
Steven Cohen 8,816 sh (New)
Ron Baron 625,000 sh (+47.06%)
NWQ Managers 686,707 sh (+20.24%)
Chuck Royce 1,445,350 sh (+6.05%)
Jim Simons Sold Out
» More
Q3 2012

COHR Guru Trades in Q3 2012

Joel Greenblatt 11,601 sh (New)
Ron Baron 625,000 sh (unchged)
Steven Cohen Sold Out
Paul Tudor Jones Sold Out
NWQ Managers 649,887 sh (-5.36%)
Chuck Royce 1,360,350 sh (-5.88%)
» More
Q4 2012

COHR Guru Trades in Q4 2012

NWQ Managers 817,729 sh (+25.83%)
Ron Baron 708,767 sh (+13.4%)
Chuck Royce 1,393,750 sh (+2.46%)
Joel Greenblatt Sold Out
» More
Q1 2013

COHR Guru Trades in Q1 2013

NWQ Managers 849,817 sh (+3.92%)
Ron Baron 708,767 sh (unchged)
Chuck Royce 1,141,020 sh (-18.13%)
» More
» Details

Insider Trades

Latest Guru Trades with COHR

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
NWQ Managers 2012-12-31 Add 25.83%0.07%$42.08 - $49.74 $ 58.527%817729
Joel Greenblatt 2012-12-31 Sold Out 0.04%$42.08 - $49.74 $ 58.527%0
Joel Greenblatt 2012-09-30 New Buy0.04%$42.59 - $50.46 $ 58.525%11601
Ron Baron 2012-06-30 Add 47.06%0.05%$39.6 - $59.37 $ 58.520%625000
NWQ Managers 2012-06-30 Add 20.24%0.04%$39.6 - $59.37 $ 58.520%686707
Ron Baron 2012-03-31 Add 21.43%0.03%$52.29 - $59.7 $ 58.512%425000
Ron Baron 2011-09-30 New Buy0.09%$39.15 - $59.61 $ 58.524%300000
NWQ Managers 2011-03-31 Reduce -20.11%0.05%$45.14 - $62.29 $ 58.57%661535
Joel Greenblatt 2011-03-31 Sold Out $45.14 - $62.29 $ 58.57%0
Joel Greenblatt 2010-12-31 New Buy0.08%$39.27 - $46.85 $ 58.536%5176
NWQ Managers 2010-12-31 Reduce -25.05%0.07%$39.27 - $46.85 $ 58.536%828030
NWQ Managers 2010-09-30 Reduce -33.4%0.13%$32.83 - $40.19 $ 58.557%1104817
Third Avenue Management 2010-06-30 Sold Out 0.1%$31.92 - $38.23 $ 58.568%0
Third Avenue Management 2010-03-31 Reduce -46.99%0.05%$26.35 - $33.02 $ 58.591%174303
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 24.10
COHR's P/E(ttm) is ranked higher than
77% of the 1561 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 20.31 vs. COHR: 24.10 )
COHR' s 10-Year P/E(ttm) Range
Min: 6.03   Max: 940.75
Current: 24.1
6.03
940.75
P/S 1.80
COHR's P/S is ranked lower than
78% of the 1561 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.73 vs. COHR: 1.80 )
COHR' s 10-Year P/S Range
Min: 0.67   Max: 4.97
Current: 1.8
0.67
4.97
PFCF 24.00
COHR's PFCF is ranked lower than
68% of the 1561 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 13.74 vs. COHR: 24.00 )
COHR' s 10-Year PFCF Range
Min: 7.87   Max: 101.1
Current: 24
7.87
101.1
EV-to-EBIT 14.9
COHR's EV-to-EBIT is ranked higher than
89% of the 1561 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 15.40 vs. COHR: 14.9 )
COHR' s 10-Year EV-to-EBIT Range
Min: 7   Max: 134.5
Current: 14.9
7
134.5
Shiller P/E 40.9
COHR's Shiller P/E is ranked higher than
94% of the 1561 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 21.15 vs. COHR: 40.9 )
COHR' s 10-Year Shiller P/E Range
Min: 27.82   Max: 78.39
Current: 40.9
27.82
78.39

Valuation & Return

vs
industry		 vs
history
Price/DCF (Projected) 1.3
COHR's Price/DCF (Projected) is ranked higher than
90% of the 1561 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.10 vs. COHR: 1.3 )
COHR' s 10-Year Price/DCF (Projected) Range
Min: 0.6   Max: 10.3
Current: 1.3
0.6
10.3
Price/Median PS Value 1.1
COHR's Price/Median PS Value is ranked higher than
89% of the 1561 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.80 vs. COHR: 1.1 )
COHR' s 10-Year Price/Median PS Value Range
Min: 0.8   Max: 1.9
Current: 1.1
0.8
1.9
Earnings Yield (Greenblatt) 6.70
COHR's Earnings Yield (Greenblatt) is ranked higher than
93% of the 1561 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 5.45 vs. COHR: 6.70 )
COHR' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.7   Max: 14.3
Current: 6.7
0.7
14.3
Forward Rate of Return (Yacktman) 2.25
COHR's Forward Rate of Return (Yacktman) is ranked higher than
95% of the 1561 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.01 vs. COHR: 2.25 )
COHR' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -7   Max: 21.9
Current: 2.25
-7
21.9

Business Description

Coherent, Inc. was originally incorporated in California on May 26, 1966 and reincorporated in Delaware on October 1, 1990. The Company is a supplier of photonics-based solutions in a range of commercial and scientific research applications. It designs, manufactures, services and markets lasers and related accessories for a diverse group of customers. The Company is organized into two operating segments: Commercial Lasers and Components (CLC) and Specialty Lasers and Systems (SLS). CLC focuses on higher volume products that are offered in set configurations. CLC's main markets include materials processing and original equipment manufacturer components and instrumentation. SLS develops and manufacturers configurable, advanced-performance products largely serving the microelectronics and scientific research markets. The Company sells a variety of components and lasers to medical laser companies in end-user applications such as ophthalmology, aesthetic, surgical, therapeutic and dentistry. Its DIAMOND series CO2 lasers are widely used in ophthalmic, aesthetic and surgical markets. It's Compass and Sapphire series of lasers are used in the retinal scanning market in diagnostic imaging systems as well as new ground breaking in-vivo imaging applications. The Company competes against a number of large public and private companies, including CVI Melles Griot, Cymer, Inc., GSI Group, Inc., IPG Photonics Corporation, JDS Uniphase Corporation, Newport Corporation, Rofin-Sinar Technologies, Inc., and Trumpf GmbH, as well as other smaller companies. The Company is subject to a variety of federal, state, local and foreign environmental regulations relating to the use, storage, discharge and disposal of hazardous chemicals used during its manufacturing process or requiring design changes or recycling of products it manufacture.
Company Website
SEC Reports
Industry: Scientific & Technical Instruments
Compare:A, ROP, GRMN, HXGBY, TRMB
Traded in other countries:COI.Germany
» More Articles for COHR

Headlines

Articles On GuruFocus.com
Weekly CEO Sells Highlight: ResMed Inc., Chuy’s Holdings Inc., Electronics for Imaging Inc., Coher Feb 04 2013 
Another Two Speculative Options Bets May 13 2011 
Speculative Options Buys Apr 29 2011 
Coherent Inc. (COHR) Exec VP, CTO Luis Spinelli sells 5,000 Shares Mar 01 2011 
Coherent Inc. (COHR) Exec VP, CTO Luis Spinelli sells 5,000 Shares Feb 18 2011 
Coherent Inc. (COHR) Exec VP and CFO Helene Simonet sells 17,966 Shares Dec 20 2010 
Coherent Inc. (COHR) Pres. and CEO John Ambroseo sells 13,748 Shares Dec 17 2010 
Coherent Inc. (COHR) Pres. and CEO John Ambroseo sells 11,452 Shares Dec 13 2010 
Coherent Inc. (COHR) Exec VP and CFO Helene Simonet sells 49,192 Shares Dec 06 2010 
Coherent Inc. (COHR) Exec VP and CFO Helene Simonet sells 1,288 Shares Dec 01 2010 

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