Analyzing Coherent (COHR) & Its Rivals

Coherent (NASDAQ: COHR) is one of 105 public companies in the “Semiconductors” industry, but how does it contrast to its rivals? We will compare Coherent to similar businesses based on the strength of its analyst recommendations, institutional ownership, valuation, profitability, dividends, earnings and risk.

Volatility & Risk

Coherent has a beta of 0.78, meaning that its stock price is 22% less volatile than the S&P 500. Comparatively, Coherent’s rivals have a beta of 1.07, meaning that their average stock price is 7% more volatile than the S&P 500.

Profitability

This table compares Coherent and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Coherent 11.08% 24.98% 12.59%
Coherent Competitors -47.37% -0.05% -0.13%

Institutional & Insider Ownership

90.2% of Coherent shares are held by institutional investors. Comparatively, 66.5% of shares of all “Semiconductors” companies are held by institutional investors. 1.4% of Coherent shares are held by company insiders. Comparatively, 6.6% of shares of all “Semiconductors” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Analyst Ratings

This is a summary of current recommendations and price targets for Coherent and its rivals, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Coherent 0 0 8 0 3.00
Coherent Competitors 908 4731 8655 361 2.58

Coherent currently has a consensus target price of $296.13, suggesting a potential upside of 16.73%. As a group, “Semiconductors” companies have a potential upside of 9.10%. Given Coherent’s stronger consensus rating and higher possible upside, equities research analysts plainly believe Coherent is more favorable than its rivals.

Valuation and Earnings

This table compares Coherent and its rivals gross revenue, earnings per share (EPS) and valuation.

Gross Revenue EBITDA Price/Earnings Ratio
Coherent $1.48 billion $403.41 million 38.26
Coherent Competitors $4.56 billion $1.34 billion 82.17

Coherent’s rivals have higher revenue and earnings than Coherent. Coherent is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.

Summary

Coherent beats its rivals on 7 of the 13 factors compared.

About Coherent

Coherent, Inc. is a photonics manufacturer. The Company is engaged in designing, manufacturing, servicing and marketing of lasers and related accessories for a range of scientific, commercial and industrial applications. It operates through two segments: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC). SLS develops and manufactures configurable products serving the microelectronics, scientific research and government programs, and original equipment manufacturer (OEM) components and instrumentation markets. The Commercial Lasers and Components segment focuses on higher volume products that are offered in set configurations. The product architectures are designed for exchange at the point of use such that substantially all product service and repairs are based upon advanced replacement and depot (that is factory) repair. CLC’s primary markets include materials processing, OEM components, and instrumentation and microelectronics.

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