Coherent Inc. provides photonics-based solutions for a range of commercial and scientific research applications in the United States and internationally. The company operates through two segments: Specialty Lasers and Systems, and Commercial Lasers and Components. The company was founded in 1966 and is based in Santa Clara, California.
COHR Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Coherent Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Coherent Inc ranked in the 31th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 49%. In terms of the factors that were most noteworthy in this DCF analysis for COHR, they are:
88% of the company's capital comes from equity, which is greater than 70.76% of stocks in our cash flow based forecasting set.
Coherent Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -25.62. This coverage rate is greater than that of merely 5.01% of stocks we're observing for the purpose of forecasting via discounted cash flows.
The weighted average cost of capital for the company is 10. This value is greater than 82.37% stocks in the Technology sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Coherent Inc? See STM, ORCL, SPRS, APH, and MIME.
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Coherent ([[COHR]] -2.1%) Chief Financial Officer Kevin Palatnik will retire after over four years in the job, effective no later than February 28, 2021.Palatnik had previously served as the CFO at Audience (later acquired by Knowles) and Cadence Design Systems.The company is launching a search for a new CFO....
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