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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…
$292.93
+$15.33 (+5.52%)
Live · 06:16 PM
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 139x 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.
138.8x 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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At a P/E of 138.8, Coherent (COHR)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in .
On quality, Coherent scores 19/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 0.0%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Coherent scores 19 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 7.7% operating margin and a 4.0% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Coherent pays a regular dividend of about $0.12 per share per year (typically in quarterly installments), a yield of roughly 0.0% at the current price. That is a payout ratio of about 4.9% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For COHR's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. you should weigh COHR's valuation and scores 19/100 on quality (lower-quality). It also yields about 0.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.