Coherent Fundamentals

COHR
 Stock
  

USD 37.77  0.14  0.37%   

Coherent fundamentals help investors to digest information that contributes to Coherent's financial success or failures. It also enables traders to predict the movement of Coherent Stock. The fundamental analysis module provides a way to measure Coherent's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Coherent stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  
Coherent Operating Expenses is relatively stable at the moment as compared to the past year. Coherent reported last year Operating Expenses of 862.43 Million. As of 12/05/2022, Operating Income is likely to grow to about 447 M, while Net Loss Income from Discontinued Operations is likely to drop (122.8 K).

Coherent Shares Owned by Institutions Analysis

Coherent's Shares Owned by Institutions show the percentage of the outstanding shares of stock issued by a company that is currently owned by other institutions such as asset management firms, hedge funds, or investment banks. Many investors like investing in companies with a large percentage of the firm owned by institutions because they believe that larger firms such as banks, pension funds, and mutual funds, will invest when they think that good things are going to happen.
 2019 2020 2021 2022 (projected)
Long Term Debt to Equity1.050.320.430.36
Interest Coverage0.446.713.423.51
Shares Held by Institutions 
 = 
Funds and Banks 
Firms 
More About Shares Owned by Institutions | All Equity Analysis

Current Coherent Shares Owned by Institutions

    
  90.22 %  
Most of Coherent's fundamental indicators, such as Shares Owned by Institutions, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Coherent is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Since Institution investors conduct a lot of independent research they tend to be more involved and usually more knowledgeable about entities they invest as compared to amateur investors.
Compare to competition

Based on the latest financial disclosure, 90% of Coherent are shares owned by institutions. This is 97.68% higher than that of the Electronic Equipment, Instruments & Components sector and 54.72% higher than that of the Information Technology industry. The shares owned by institutions for all United States stocks is 130.09% lower than that of the firm.

Coherent Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Coherent's current stock value. Our valuation model uses many indicators to compare Coherent value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Coherent competition to find correlations between indicators driving Coherent's intrinsic value. More Info.
Coherent is number one stock in short ratio category among related companies. It is number one stock in earnings per share category among related companies creating about  0.10  of Earnings Per Share per Short Ratio. The ratio of Short Ratio to Earnings Per Share for Coherent is roughly  10.13 . As of 12/05/2022, Earnings Before Interest Taxes and Depreciation Amortization EBITDA is likely to grow to about 658.4 M. Also, Earnings before Tax is likely to grow to about 304.1 M. Comparative valuation analysis is a catch-all model that can be used if you cannot value Coherent by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Coherent's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Coherent's earnings, one of the primary drivers of an investment's value.

Coherent Debt to Equity Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Coherent's direct or indirect competition against its Debt to Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Coherent could also be used in its relative valuation, which is a method of valuing Coherent by comparing valuation metrics of similar companies.
Coherent is currently under evaluation in debt to equity category among related companies.

Coherent Current Valuation Drivers

We derive many important indicators used in calculating different scores of Coherent from analyzing Coherent's financial statements. These drivers represent accounts that assess Coherent's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Coherent's important valuation drivers and their relationship over time.
201720182019202020212022 (projected)
Net Income Per Employee7.69 K8.61 K(2.91 K)12.94 K9.78 K9.74 K
Revenue Per Employee101.27 K109.11 K103.34 K135.04 K138.19 K113.91 K
Average Assets1.69 B1.91 B5.23 B6 B7.44 B8.03 B
Earnings Before Interest Taxes and Depreciation Amortization EBITDA206.75 M226.97 M182.17 M600.29 M610.19 M658.37 M
Earnings Before Interest Taxes and Depreciation Amortization USD221.32 M243.59 M246.36 M682.56 M689.84 M744.3 M
Earnings before Tax122.19 M128.81 M(63.93 M)352.59 M281.81 M304.05 M
Average Equity986.79 M1.09 B2.07 B3.25 B3.56 B3.84 B
Enterprise Value2.93 B2.61 B6.32 B7.6 B5.28 B4.48 B
Free Cash Flow7.58 M41.35 M160.41 M428.02 M99 M107.49 M
Invested Capital1.32 B1.49 B4.45 B3.7 B4.51 B4.87 B
Invested Capital Average1.3 B1.48 B4.61 B3.7 B3.74 B4.03 B
Market Capitalization2.72 B2.32 B4.31 B7.61 B5.42 B4.42 B
Tangible Asset Value1.37 B1.49 B3.24 B4.5 B5.92 B6.39 B
Working Capital525.37 M542.35 M1.12 B2.3 B3.04 B3.28 B

Coherent Fundamentals

About Coherent Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Coherent's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Coherent using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Coherent based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Last ReportedProjected for 2022
Cost of Revenue2.1 B2.2 B
Revenues3.3 B3.6 B
Revenue to Assets 0.42  0.59 
Revenue Per Employee138.2 K113.9 K

Coherent Investors Sentiment

The influence of Coherent's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Coherent. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Coherent's public news can be used to forecast risks associated with investment in Coherent. The trend in average sentiment can be used to explain how an investor holding Coherent can time the market purely based on public headlines and social activities around Coherent. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Coherent's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Coherent's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Coherent's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Coherent.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Coherent in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Coherent's short interest history, or implied volatility extrapolated from Coherent options trading.

Pair Trading with Coherent

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Coherent position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Coherent will appreciate offsetting losses from the drop in the long position's value.

Moving together with Coherent

+0.74MVISMicrovision Normal TradingPairCorr
The ability to find closely correlated positions to Coherent could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Coherent when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Coherent - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Coherent to buy it.
The correlation of Coherent is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Coherent moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coherent moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Coherent can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Continue to Coherent Piotroski F Score and Coherent Altman Z Score analysis. Note that the Coherent information on this page should be used as a complementary analysis to other Coherent's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try CEO Directory module to screen CEOs from public companies around the world.

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When running Coherent price analysis, check to measure Coherent's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Coherent is operating at the current time. Most of Coherent's value examination focuses on studying past and present price action to predict the probability of Coherent's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Coherent's price. Additionally, you may evaluate how the addition of Coherent to your portfolios can decrease your overall portfolio volatility.
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Is Coherent's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Coherent. If investors know Coherent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Coherent listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
(0.61) 
Market Capitalization
6.6 B
Quarterly Revenue Growth YOY
0.69
Return On Assets
0.0299
Return On Equity
0.0214
The market value of Coherent is measured differently than its book value, which is the value of Coherent that is recorded on the company's balance sheet. Investors also form their own opinion of Coherent's value that differs from its market value or its book value, called intrinsic value, which is Coherent's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Coherent's market value can be influenced by many factors that don't directly affect Coherent's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Coherent's value and its price as these two are different measures arrived at by different means. Investors typically determine Coherent value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coherent's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.