
Coherent Financial Ratios 2021-2008 | COHR
Brief overview of Coherent's valuation multiples
The review covers five available annual periods spanning 2015 to 2019.
The valuation comparison uses P/E 57.67x (median 91.98x), EV/EBITDA 24.88x (median 19.61x), P/S 4.33x (median 4.75x). On average, multiples differ from their five-year medians by only 0%. Valuation is near its familiar historical range.
Current earnings relative to valuation equal about 1.7% on the 1/P/E measure. This is a valuation reference, not an expected payout.
Returns on assets and capital are represented by ROE -12.3%, ROA -5.7%, ROCE -11.3%. The business is not generating positive returns on invested resources. Valuation should be read cautiously until earnings recover.
Price, earnings and growth produce a PEG of 0.93x, a neutral level if forecasts are realistic.
The cash conversion cycle decreased 87.6 days to 187.6 days, supporting working-capital efficiency.
What the ratios show
Coherent's multiples form a balanced picture without a clear discount or premium. Future appeal depends on earnings and return trends.
Annual Financial Ratios Coherent
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
P/E |
-60.4 | -14.1 | 57.7 | 92.0 | 122.2 | 145.0 | 27.4 | 91.3 | 140.6 | 94.1 | 79.4 | 256.1 | -262.9 | - |
P/S |
4.3 | 4.7 | 2.2 | 8.5 | 10.7 | 5.1 | 2.6 | 2.0 | 2.0 | 1.7 | 1.7 | - | - | - |
EPS |
-4.4 | -17.2 | 2.2 | 1.5 | 1.7 | 1.2 | 3.1 | 0.7 | 0.5 | 0.6 | 0.7 | 1.5 | -1.4 | - |
EV (Enterprise Value) |
5.99 B | 7.22 B | 3.6 B | 3.91 B | 5.85 B | 4.3 B | 2.14 B | 1.68 B | 1.74 B | 1.47 B | 1.41 B | 9.21 B | 9.09 B | -214 M |
EBITDA per Share |
-3.59 | -16.6 | 6 | 18.4 | 15.8 | 5.64 | 4.4 | 3.49 | 3.92 | 4.21 | 4.82 | 2.62 | -1.14 | - |
EV/EBITDA |
-68.4 | -18.0 | 24.9 | 8.6 | 15.2 | 31.6 | 19.6 | 19.4 | 18.4 | 14.9 | 11.8 | 141.9 | -328.1 | - |
PEG |
0.93 | 0.32 | 1.57 | 1.92 | 2.83 | 30.53 | 1.72 | -1.65 | 8.33 | -0.64 | 0.09 | - | - | - |
P/B |
3.4 | - | 2.4 | 2.5 | 4.4 | 4.8 | 2.6 | 1.9 | 2.2 | 2.0 | 2.2 | 11.8 | - | - |
P/CF |
88.4 | 28.2 | 17.1 | 13.8 | 13.3 | 44.9 | 13.5 | 21.8 | 17.0 | 37.5 | 25.9 | - | - | - |
ROE % |
-12.30 | -44.66 | 4.19 | 2.70 | 3.60 | 3.34 | 9.59 | 2.13 | 1.54 | 2.11 | 2.76 | 6.24 | -6.14 | - |
ROA % |
-5.65 | -22.66 | 2.58 | 1.57 | 1.79 | 2.62 | 7.89 | 1.74 | 1.21 | 1.61 | 2.02 | 4.60 | - | - |
ROCE % |
-11.31 | -36.92 | 4.51 | 20.83 | 16.96 | 13.30 | 11.90 | 8.71 | 10.34 | 12.22 | 16.45 | 9.62 | -6.11 | - |
Current Ratio |
- | 1.0 | 2.6 | 2.4 | 2.0 | 4.6 | 5.6 | 5.6 | 4.6 | 4.2 | 3.7 | - | - | - |
DSO |
57.6 | 72.4 | 79.4 | 314.8 | 180.1 | 65.6 | 63.6 | 63.0 | 63.3 | 67.7 | 57.1 | - | - | - |
DIO |
162.7 | 193.9 | 179.6 | 153.5 | 117.7 | 141.7 | 127.8 | 128.4 | 122.8 | 125.9 | 107.5 | 60.4 | - | - |
DPO |
32.7 | 24.9 | 23.5 | 24.9 | 22.7 | 30.1 | 25.9 | 26.3 | 24.6 | 27.8 | 32.1 | 21.1 | - | - |
Operating Cycle |
220.3 | 266.4 | 259.1 | 468.3 | 297.9 | 207.2 | 191.4 | 191.3 | 186.1 | 193.6 | 164.6 | 60.4 | - | - |
Cash Conversion Cycle |
187.6 | 241.4 | 235.5 | 443.4 | 275.2 | 177.1 | 165.5 | 165.0 | 161.5 | 165.8 | 132.5 | 39.3 | - | - |
All numbers in USD currency
Quarterly Financial Ratios Coherent
| 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EPS |
1.23 | - | 1.36 | 1.23 | 1.23 | 1.24 | -6.49 | 0.01 | 0.01 | 0.32 | -0.36 | 0.24 | 0.24 | -0.13 | 0.86 | 1.46 | 1.46 | 2.72 | 2.64 | 1.7 | 1.7 | 2.49 | 1.71 | 1.25 | 1.25 | 0.77 | 0.74 | 0.85 | - | 0.54 | 0.75 | 0.7 | 0.7 | 0.52 | 0.62 | 0.48 | 0.48 | 0.69 | 0.62 | 0.6 | 0.6 | 0.73 | 0.69 | 0.73 | 0.73 | 0.76 | 0.76 | 0.73 |
EBITDA per Share |
0.06 | - | 0.09 | 0.06 | 0.11 | 0.33 | 0.21 | 0.11 | - | 1.13 | 1.12 | 0.51 | 0.51 | 1.98 | 1.2 | 0.62 | 0.62 | 1.85 | 1.23 | 5.05 | 5.05 | 1.81 | 1.18 | 0.5 | 2.23 | 1.17 | 1.26 | 0.09 | - | 2.88 | 0.93 | 1.06 | 1.06 | 0.98 | 0.89 | 0.74 | 0.74 | 1.18 | 0.89 | 0.91 | 0.91 | 1.19 | 0.93 | 1.15 | 1.15 | 3.29 | 1.21 | 1.15 |
ROE % |
13.72 | 10.35 | 13.95 | -9.56 | -12.91 | -16.27 | -19.04 | -0.12 | 0.31 | 0.74 | -0.33 | 2.23 | 4.48 | 6.74 | 12.42 | 15.90 | 16.71 | 17.51 | 17.80 | 17.02 | 16.79 | 16.57 | 12.99 | 10.79 | 10.02 | 8.37 | 8.56 | 8.62 | 6.12 | 8.28 | 8.23 | 7.82 | 7.17 | 6.52 | 7.26 | 7.52 | 8.12 | 8.72 | 9.05 | 9.41 | 10.10 | 10.79 | 11.00 | 11.55 | 11.51 | 2.87 | 3.08 | 2.76 |
ROA % |
6.71 | 5.08 | 6.70 | -4.11 | -5.74 | -7.37 | -8.58 | -0.06 | 0.20 | 0.45 | -0.11 | 1.31 | 2.63 | 3.94 | 7.15 | 9.01 | 9.27 | 9.54 | 9.16 | 8.29 | 7.90 | 7.52 | 6.56 | 6.33 | 6.93 | 6.81 | 6.97 | 7.06 | 5.00 | 6.78 | 6.71 | 6.34 | 5.76 | 5.18 | 5.69 | 5.80 | 6.17 | 6.55 | 6.76 | 7.04 | 7.54 | 8.05 | 8.14 | 8.49 | 8.43 | 2.07 | 2.26 | 2.02 |
ROCE % |
22.84 | 22.84 | 22.84 | 22.84 | 22.84 | 22.84 | 22.84 | 22.84 | 22.84 | 22.84 | 22.84 | 22.84 | 22.84 | 22.84 | 22.84 | 22.84 | 22.84 | 22.84 | 22.84 | 25.86 | 19.81 | 10.67 | 10.67 | 10.67 | 18.67 | 16.48 | 16.47 | 13.38 | 13.38 | 16.39 | 10.48 | 10.26 | 9.29 | 8.31 | 9.20 | 9.51 | 10.53 | 11.55 | 12.63 | 13.36 | 14.46 | 15.56 | 23.66 | 25.10 | 25.04 | 12.16 | 4.63 | 4.10 |
DSO |
28.9 | - | 62.4 | 55.7 | 67.5 | 58.2 | 58.0 | 31.6 | - | 60.2 | 66.3 | 67.1 | 71.8 | 78.3 | 78.8 | 78.8 | 79.6 | 64.3 | 58.8 | 58.6 | 56.1 | 49.4 | 48.5 | 46.1 | 51.6 | 55.2 | 61.5 | 19.1 | - | 58.5 | 61.6 | 58.4 | 59.4 | 59.6 | 58.8 | 52.6 | 61.7 | 60.1 | 55.6 | 59.4 | 66.6 | 64.8 | 59.8 | 65.0 | 65.5 | 21.8 | 61.0 | - |
DIO |
82.8 | - | 171.6 | 165.6 | 167.0 | 151.1 | 158.7 | 184.4 | 186.7 | 65.1 | 201.9 | 193.9 | 198.2 | 180.3 | 184.1 | 192.5 | 192.8 | 164.5 | 158.9 | 151.6 | 146.3 | 140.5 | 145.2 | 172.2 | 130.7 | 139.3 | 138.2 | 67.8 | - | 129.5 | 119.6 | 125.0 | 131.8 | 132.9 | 133.7 | 134.5 | 133.7 | 117.5 | 123.8 | 146.1 | 142.2 | 124.6 | 120.4 | 122.4 | 122.9 | 114.1 | 115.2 | - |
DPO |
21.1 | - | 43.7 | 42.2 | 44.0 | 38.4 | 30.4 | 27.6 | 27.1 | 9.6 | 27.9 | 24.1 | 25.6 | 24.8 | 26.9 | 29.2 | 30.7 | 29.3 | 30.0 | 28.5 | 27.0 | 26.0 | 26.2 | 29.6 | 24.7 | 32.2 | 29.6 | 12.4 | - | 26.7 | 22.4 | 20.9 | 23.0 | 24.8 | 24.8 | 24.1 | 28.1 | 28.1 | 25.4 | 25.4 | 29.2 | 31.1 | 30.1 | 29.2 | 33.3 | 32.2 | 30.1 | - |
Operating Cycle |
111.7 | - | - | 231.8 | 231.8 | - | 209.4 | 189.1 | 186.7 | 126.9 | 271.0 | 278.9 | 264.0 | 72.8 | 239.4 | 261.4 | 272.9 | 125.7 | 229.3 | 242.4 | 207.2 | 110.6 | 207.4 | 192.5 | 187.2 | 117.7 | 225.5 | 69.3 | - | 103.0 | 199.1 | 181.8 | 189.1 | 104.6 | 191.0 | 189.2 | 192.8 | 101.2 | 175.9 | 194.5 | 209.6 | 112.5 | 192.9 | 201.7 | 189.1 | 63.3 | 176.2 | - |
Cash Conversion Cycle |
90.5 | - | - | 188.2 | 188.7 | - | 171.0 | 158.6 | 159.5 | 118.0 | 241.7 | 251.9 | 240.9 | 72.8 | 219.9 | 237.6 | 244.6 | 117.7 | 205.9 | 212.8 | 179.6 | 100.8 | 180.5 | 167.6 | 162.3 | 105.6 | 192.3 | 59.2 | - | 94.2 | 171.4 | 158.9 | 166.1 | 96.2 | 166.5 | 164.8 | 166.4 | 91.9 | 150.4 | 168.6 | 184.3 | 104.8 | 170.0 | 173.8 | 158.0 | 52.4 | 146.1 | - |
All numbers in USD currency
Multiples are an important financial analysis tool for the company Coherent, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
Advantages of Using Financial Ratios- Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition. - Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations. - Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks. - Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions. - Accelerated Assessment of Investment Attractiveness
Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.
Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.
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