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Coherent (Coherent) Intrinsic Value: Projected FCF : $75.57 (As of Apr. 26, 2024)


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What is Coherent Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-04-26), Coherent's Intrinsic Value: Projected FCF is $75.57. The stock price of Coherent is $266.22. Therefore, Coherent's Price-to-Intrinsic-Value-Projected-FCF of today is 3.5.

The historical rank and industry rank for Coherent's Intrinsic Value: Projected FCF or its related term are showing as below:

COHR' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.49   Med: 1.61   Max: 30.49
Current: 3.52

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Coherent was 30.49. The lowest was 0.49. And the median was 1.61.

COHR's Price-to-Projected-FCF is not ranked
in the Hardware industry.
Industry Median: 1.39 vs COHR: 3.52

Coherent Intrinsic Value: Projected FCF Historical Data

The historical data trend for Coherent's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Coherent Intrinsic Value: Projected FCF Chart

Coherent Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 103.49 120.72 124.68 102.46 80.38

Coherent Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 79.29 77.22 80.38 74.51 75.57

Competitive Comparison of Coherent's Intrinsic Value: Projected FCF

For the Scientific & Technical Instruments subindustry, Coherent's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Coherent's Price-to-Projected-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Coherent's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Coherent's Price-to-Projected-FCF falls into.



Coherent Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Coherent's Free Cash Flow(6 year avg) = $119.43.

Coherent's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Mar22)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*119.43344+934.194*0.8)/24.935
=75.57

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Coherent  (NAS:COHR) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Coherent's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=266.22/75.572630483881
=3.52

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Coherent Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of Coherent's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Coherent (Coherent) Business Description

Industry
Traded in Other Exchanges
N/A
Address
5100 Patrick Henry Drive, Santa Clara, CA, USA, 95054
Coherent Inc supplies photonics-based solutions for commercial and scientific research applications. The firm operates in two segments: OEM Laser Sources and Industrial Lasers & Systems. The OEM Laser Sources segment develops and manufactures products for the microelectronics, scientific research, government, and original equipment manufacturer markets. This business contributes the majority of revenue. The Industrial Lasers & Systems segment makes products for the materials processing, OEM components and instrumentation, and microelectronics markets, with a focus on higher-volume products that are sold in set configurations. The majority of Coherent's revenue is generated outside of the United States.
Executives
Kevin S. Palatnik officer: Chief Financial Officer 2655 SEELY AVENUE, BLDG. 5, SAN JOSE CA 95134
Jay T Flatley director 9885 TOWNE CENTRE DR, SAN DIEGO CA 92121
Pamela Fletcher director C/O COHERENT, INC., 5100 PATRICK HENRY DRIVE, SANTA CLARA CA 95054
Beverly Kay Matthews director C/O COHERENT, INC., 5100 PATRICK HENRY DRIVE, SANTA CLARA CA 95054
Sandeep Vij director C/O XILINX INC, 2100 LOGIC DRIVE, SAN JOSE CA 95124
Michael R. Mcmullen director 5301 STEVENS CREEK BLVD., MS 1A-LC, SANTA CLARA CA 95051
Stephen A Skaggs director 5555 NE MOORE CT., HILLSBORO OR 97124
Andreas W Mattes director, officer: President and CEO C/O DIEBOLD, INCORPORATED, 5995 MAYFAIR RD, NORTH CANTON OH 44720
Garry W Rogerson director 3120 HANSEN WAY, PALO ALTO CA 943041030
Mark Stewart Sobey officer: EVP & Chief Operating Officer
Bret Dimarco officer: Exec VP & Chief Legal Officer PO BOX 54980 SANTA CLARA CA 95056-0980
Paul F Sechrist officer: EVP Worldwide Sales & Services 5100 PATRICK HENRY DR SANTA CLARA CA 95054
John Ambroseo director, officer: Pres. & CEO
Luis Spinelli officer: Exec VP, CTO P O BOX 54980 SANTA CLARA CA 950560980
Susan M. James director COHERENT, INC., P. O. BOX 54980, SANTA CLARA CA 95056-0980