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Definitions Coherent Corp. ( Coherent, the Company, we, us, or our ), is a vertically integrated manufacturing company that develops, manufactures, and markets lasers, transceivers, and other optical and optoelectronic devices, modules, and systems, as well as engineered materials, for use in the communications, industrial, instrumentation and electronics markets. Our headquarters are located a…
$421.90
+$4.47 (+1.07%)
Last close via Marketstack
Operating margin is thin at 1.62%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 23.4%, still solid.
At 200x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Net debt of $3.00B represents 15.6x FCF, leverage limits flexibility.
200.0x earnings. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$6.60B
▲ +23.4% YoY
Net Income (TTM)
$469M
▲ +131.6% YoY
Op. Margin
7.66%
▼ -0.4pp YoY
ROIC
4.02%
▼ -0.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$538M
▼ -3.1% YoY
Op. Cash Flow (TTM)
$140M
▲ +16.1% YoY
Net Debt
$1.01B
Cash & Equiv.
$2.42B
5Y CAGR: +19.5%
5Y CAGR: +3.7%
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