Coherent Corp. (COHR)
Information Technology · Electronic Components · US stock · S&P 500 component
$232.90
▼ -17.70 (7.06%)
Fair valueData under review
$55
$28fair band $33–$77$83
Day's range
$231.60 – $248.58
52-week range
$112.32 – $440.00
Red flags⚠ Heavy dilution
About Coherent Corp.
Coherent makes lasers, optical components and engineered materials. Its products include optical transceivers and components that carry data in communications networks and data centres, industrial lasers used in cutting, welding and electronics manufacturing, and advanced materials such as silicon carbide substrates. Customers are communications equipment makers, cloud operators, semiconductor and electronics manufacturers and industrial companies. The business is organised into networking, materials and lasers groups.
Supplying optical products, lasers and materials to manufacturers and network companies produced revenue of $7.1 billion over the last twelve months. Sales have grown at 11.3% a year across the last three years. The operating margin is 11.9%, the business earns 6% on the capital invested in it, and net debt is 1.8 times EBITDA. A dividend is listed, though its yield is 0.0%. On the site's X-Ray Score it receives 30 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $112.32 – $440.00Volume 7,915,700Daily, split-adjusted
Vitals
Market cap$45.5B
52-week range$112.32 – $440.00
Volume (last day)7,915,700
P/E (TTM)57.4
EBIT / EV yield1.8%
Free-cash-flow yield-2.2%
Dividend yield0.0%
Revenue (TTM)$7.1B
Net income (TTM)$787M
Operating margin11.9%
Return on capital6.1%
Debt incl. leases$3.5B
Cash & securities$2.0B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$55model spread $52 – $58
Data under review
+0.0% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Multiples use through-the-cycle earnings (0.50x of the last twelve months)
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so the fair value range is widened
Price $233
Undervalued < $33Fair $33 – $77Overvalued > $77
10-year DCF (market-scaled)
$46
Peer multiples
$61
Earnings power floor (not blended)
$12
Fundamentals-adjusted multiple
$59
Growth the price implies
47.4%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Read the lenses below
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Valuation
Weak
12/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield1.8%
Free-cash-flow yield-2.2%
Fair value vs price0.2×
Growth
Fair
59/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)11.3%
Growth consistency90%
Profitability
Weak
16/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital6.1%
Operating margin11.9%
Gross profitability14.6%
Financial health
Fair
50/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA1.8×
Interest coverNo interest cost
Dividends
Weak
7/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield0.0%
Dividend growth-25.4%
Quarterly results: last 6 quarters
+23.9%
Mar '25
+16.4%
Jun '25
+17.3%
Sep '25
+17.5%
Dec '25
+20.5%
Mar '26
+33.7%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $2.0B.
Compare with peers
APH Amphenol Corp63 GLW Corning Inc36Other Electronic Components companies by X-Ray Score.
Fundamentals checklist
● 2 Good · ● 4 Average · ● 8 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldBad
Risk models
Altman Z''Average
Piotroski F-ScoreAverage
Growth
Revenue growth (3y)Average
Growth consistencyAverage
Balance sheet
Current ratioGood
Net debt / EBITDABad
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginBad
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 31/100.
Financials
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | $3.3B | $5.2B | $4.7B | $5.8B | $7.1B |
| Operating income | $414M | −$37M | $96M | $94M | $848M |
| Net income | $235M | −$259M | −$159M | $30M | $787M |
| Operating cash flow | $413M | $634M | $546M | $634M | $80M |
| Operating margin | 12.5% | -0.7% | 2.0% | 1.6% | 11.9% |
| Free cash flow | $99M | $198M | $199M | $193M | −$1.0B |
| Diluted EPS | $1.45 | $-2.93 | $-1.84 | $-0.52 | $4.12 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bearish
3 bullish · 1 neutral · 12 bearish
Weekly
Bearish
4 bullish · 1 neutral · 7 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 294.6 | Bearish |
| EMA 10 | 279.6 | Bearish |
| SMA 20 | 299.2 | Bearish |
| EMA 20 | 290.6 | Bearish |
| SMA 50 | 299.8 | Bearish |
| EMA 50 | 299.2 | Bearish |
| SMA 100 | 321.4 | Bearish |
| EMA 100 | 302.8 | Bearish |
| SMA 200 | 294.5 | Bearish |
| EMA 200 | 280.1 | Bearish |
Oscillators (daily)
| RSI (14) | 33.37 | Neutral |
| MACD (12, 26) | -9.70 | Bearish |
| Momentum (12) | -19.08 | Bearish |
| Stochastic %K (14) | 1.18 | Bullish |
| Williams %R (14) | -98.82 | Bullish |
| CCI (20) | -199.2 | Bullish |
Pivot points (classic, last session)
S3 209.8 | S2 220.7 | S1 226.8 | Pivot 237.7 | R1 243.8 | R2 254.7 | R3 260.8 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
COHR SEC filings
9 Oct 2026
DEF 14ASEC EDGAR
Proxy statement
31 Aug 2026
8-KSEC EDGAR
Director or officer change; Other events
14 Aug 2026
10-KSEC EDGAR
Annual report
12 Aug 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
6 May 2026
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
6 May 2026
10-QSEC EDGAR
Quarterly report
28 Apr 2026
8-KSEC EDGAR
Director or officer change
2 Mar 2026
8-KSEC EDGAR
Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.