Coherent Piotroski F Score

COHR
 Stock
  

USD 35.94  1.15  3.10%   

This module uses fundamental data of Coherent Corp to approximate its Piotroski F score. Coherent Corp F Score is determined by combining nine binary scores representing 3 distinct fundamental categories of Coherent Corp. These three categories are profitability, efficiency, and funding. Some research analysts and sophisticated value traders use Piotroski F Score to find opportunities outside of the conventional market and financial statement analysis.They believe that some of the new information about Coherent Corp financial position does not get reflected in the current market share price suggesting a possibility of arbitrage. Continue to Coherent Corp Altman Z Score, Coherent Corp Correlation, Coherent Corp Valuation, as well as analyze Coherent Corp Alpha and Beta and Coherent Corp Hype Analysis.
  
Coherent Corp Total Debt is relatively stable at the moment as compared to the past year. Coherent Corp reported last year Total Debt of 2.44 Billion. As of 11/29/2022, Debt Current is likely to grow to about 464.8 M, while Long Term Debt to Equity is likely to drop 0.36. Coherent Corp Cash and Equivalents Turnover is relatively stable at the moment as compared to the past year. Coherent Corp reported last year Cash and Equivalents Turnover of 2.68. As of 11/29/2022, Return on Investment is likely to grow to 9.20, while Accrued Expenses Turnover is likely to drop 8.75.
At this time, it appears that Coherent Corp's Piotroski F Score is Healthy. Although some professional money managers and academia have recently criticized Piotroski F-Score model, we still consider it an effective method of predicting the state of the financial strength of any organization that is not predisposed to accounting gimmicks and manipulations. Using this score on the criteria to originate an efficient long-term portfolio can help investors filter out the purely speculative stocks or equities playing fundamental games by manipulating their earnings..
6.0
Piotroski F Score - Healthy
1
Current Return On AssetsPositiveFocus
2
Change in Return on AssetsIncreasedFocus
3
Cash Flow Return on AssetsPositiveFocus
4
Current Quality of Earnings (accrual)DecreasingFocus
5
Asset Turnover GrowthIncreaseFocus
6
Current Ratio ChangeIncreaseFocus
7
Long Term Debt Over Assets ChangeHigher LeverageFocus
8
Change In Outstending SharesDecreaseFocus
9
Change in Gross MarginNo ChangeFocus

Coherent Corp Piotroski F Score Drivers

The critical factor to consider when applying the Piotroski F Score to Coherent Corp is to make sure Coherent is not a subject of accounting manipulations and runs a healthy internal audit department. So, if Coherent Corp's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back. Below are the main accounts that are used in the Piotroski F Score model. By analyzing the historical trends of the mains drivers, investors can determine if Coherent Corp's financial numbers are properly reported.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted92.2 M116.5 M
Significantly Down
Increasing
Slightly volatile
Weighted Average Shares85.6 M106.2 M
Significantly Down
Increasing
Slightly volatile
Return on Average Assets3.363.2702
Fairly Up
Decreasing
Slightly volatile
Net Cash Flow from Operations446 M413.3 M
Significantly Up
Increasing
Slightly volatile
Current Liabilities1.4 B1.3 B
Significantly Up
Increasing
Slightly volatile
Total Liabilities3.7 B3.5 B
Significantly Up
Increasing
Slightly volatile
Gross Margin35.9238.1562
Notably Down
Increasing
Stable
Total Debt2.6 B2.4 B
Significantly Up
Increasing
Slightly volatile
Asset Turnover0.650.462
Significantly Up
Decreasing
Slightly volatile
Current Assets4.6 B4.3 B
Significantly Up
Increasing
Slightly volatile
Total Assets8.5 B7.8 B
Significantly Up
Increasing
Slightly volatile

Coherent Corp F Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to project the various growth rates. Understanding the correlation between Coherent Corp's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Coherent Corp in a much-optimized way.

About Coherent Corp Piotroski F Score

F-Score is one of many stock grading techniques developed by Joseph Piotroski, a professor of accounting at the Stanford University Graduate School of Business. It was published in 2002 under the paper titled Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers. Piotroski F Score is based on binary analysis strategy in which stocks are given one point for passing 9 very simple fundamental tests, and zero point otherwise. According to Mr. Piotroski's analysis, his F-Score binary model can help to predict the performance of low price-to-book stocks.

Book Value per Share

28.02

Coherent Corp Book Value per Share is relatively stable at the moment as compared to the past year. Coherent Corp reported last year Book Value per Share of 33.97

Coherent Corp Current Valuation Drivers

We derive many important indicators used in calculating different scores of Coherent Corp from analyzing Coherent Corp's financial statements. These drivers represent accounts that assess Coherent Corp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Coherent Corp'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

About Coherent Corp Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Coherent Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Coherent Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Coherent Corp 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.
Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. Coherent Corp. was incorporated in 1971 and is headquartered in Saxonburg, Pennsylvania. Coherent Corp operates under Scientific Technical Instruments classification in the United States and is traded on NASDAQ Exchange. It employs 23658 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Coherent Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Coherent Corp

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 Corp 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 Corp will appreciate offsetting losses from the drop in the long position's value.

Moving together with Coherent Corp

+0.81COSMCosmos Holdings TrendingPairCorr

Moving against Coherent Corp

-0.67AZPNAspen Technology Sell-off TrendPairCorr
The ability to find closely correlated positions to Coherent Corp 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 Corp 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 Corp - 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 Corp to buy it.
The correlation of Coherent Corp 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 Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Coherent Corp 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 Corp 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 Corp Altman Z Score, Coherent Corp Correlation, Coherent Corp Valuation, as well as analyze Coherent Corp Alpha and Beta and Coherent Corp Hype Analysis. Note that the Coherent Corp information on this page should be used as a complementary analysis to other Coherent Corp'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 Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

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Is Coherent Corp'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 Corp. 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 Corp 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 Corp 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 Corp's value that differs from its market value or its book value, called intrinsic value, which is Coherent Corp'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 Corp's market value can be influenced by many factors that don't directly affect Coherent Corp'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 Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine Coherent Corp value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Coherent Corp'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.