Coherent (COHR) stock price, revenue, and financials
Coherent market cap is $3.7 b, and annual revenue was $1.43 b in FY 2019
$156.87
$3.7 B
COHR Mkt cap, 13-Dec-2019$1.4 B
Coherent Revenue FY, 2019Coherent Revenue growth (FY, 2018 - FY, 2019), %(25%)
Coherent Gross profit (FY, 2019)486.5 M
Coherent Gross profit margin (FY, 2019), %34%
Coherent Net income (FY, 2019)53.8 M
Coherent EBIT (FY, 2019)83.1 M
Coherent Cash, 28-Sept-2019305.8 M
Coherent EV3.8 B
Coherent Revenue
Coherent revenue was $1.43 b in FY, 2019 which is a 24.8% year over year decrease from the previous period.
Coherent Revenue Breakdown
Coherent revenue breakdown by business segment: 62.0% from OEM Laser Sources and 38.0% from Industrial Lasers & Systems
Coherent revenue breakdown by geographic segment: 10.2% from Germany, 10.4% from Europe, other, 13.6% from China, 21.9% from South Korea, 23.7% from United States, 9.6% from Japan, 6.5% from Asia-Pacific, other and 4.0% from Other
Coherent Income Statement
Annual
| USD | FY, 2017 | FY, 2018 | FY, 2019 |
|---|---|---|---|
Revenue | 1.7b | 1.9b | 1.4b |
Revenue growth, % | 101% | 10% | (25%) |
Cost of goods sold | 973.0m | 1.1b | 944.2m |
Gross profit | 750.3m | 830.7m | 486.5m |
Gross profit Margin, % | 44% | 44% | 34% |
R&D expense | 119.2m | 132.6m | 117.4m |
General and administrative expense | 292.1m | 293.6m | 272.3m |
Operating expense total | 424.8m | 437.7m | 403.4m |
EBIT | 325.5m | 393.0m | 83.1m |
EBIT margin, % | 19% | 21% | 6% |
Interest expense | 34.4m | 25.8m | 19.1m |
Interest income | 1.1m | 1.6m | 1.1m |
Pre tax profit | 302.1m | 114.2m | 60.0m |
Income tax expense | 93.4m | 247.4m | 6.2m |
Net Income | 207.1m | 247.4m | 53.8m |
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
|---|---|---|---|---|---|---|
Revenue | 477.6m | 481.1m | 482.3m | 383.1m | 372.9m | 339.2m |
Cost of goods sold | 260.5m | 265.7m | 274.0m | 233.8m | 242.1m | 241.2m |
Gross profit | 217.0m | 215.4m | 208.3m | 149.4m | 130.7m | 98.0m |
Gross profit Margin, % | 45% | 45% | 43% | 39% | 35% | 29% |
R&D expense | 31.4m | 34.8m | 34.3m | 28.9m | 30.5m | 30.7m |
General and administrative expense | 73.4m | 77.1m | 70.3m | 64.6m | 69.5m | 67.7m |
Operating expense total | 107.7m | 114.8m | 107.8m | 96.5m | 101.9m | 105.2m |
EBIT | 109.3m | 100.7m | 100.5m | 52.8m | 28.9m | (7.2m) |
EBIT margin, % | 23% | 21% | 21% | 14% | 8% | (2%) |
Interest expense | 8.7m | 7.7m | 4.7m | 4.9m | 4.9m | 5.0m |
Interest income | 471.0k | 440.0k | 444.0k | 228.0k | 418.0k | 257.0k |
Pre tax profit | 100.8m | 91.2m | 92.9m | 43.7m | 24.6m | (11.5m) |
Income tax expense | 58.9m | 25.8m | 25.9m | 8.1m | 3.9m | (8.4m) |
Net Income | 41.9m | 65.3m | 67.0m | 35.6m | 20.8m | (3.1m) |
Coherent Balance Sheet
Annual
| USD | FY, 2017 | FY, 2018 | FY, 2019 |
|---|---|---|---|
Cash | 443.1m | 310.5m | 305.8m |
Accounts Receivable | 305.7m | 355.2m | 267.6m |
Prepaid Expenses | 70.3m | 85.1m | 78.0m |
Inventories | 414.8m | 486.7m | 442.5m |
Current Assets | 1.3b | 1.2b | 1.1b |
PP&E | 278.9m | 311.8m | 323.4m |
Goodwill | 417.7m | 442.9m | 427.1m |
Total Assets | 2.3b | 2.3b | 2.1b |
Accounts Payable | 75.9m | 70.3m | 51.5m |
Short-term debt | 5.1m | 5.1m | 14.9m |
Current Liabilities | 419.1m | 372.8m | 240.3m |
Long-term debt | 589.0m | 420.7m | 392.2m |
Total Debt | 594.1m | 425.8m | 407.1m |
Common Stock | 245.0k | 242.0k | 238.0k |
Additional Paid-in Capital | 171.4m | 78.7m | 34.3m |
Retained Earnings | 971.7m | 1.2b | 1.3b |
Total Equity | 1.2b | 1.3b | 1.3b |
Debt to Equity Ratio | 0.5 x | 0.3 x | 0.3 x |
Debt to Assets Ratio | 0.3 x | 0.2 x | 0.2 x |
Financial Leverage | 2 x | 1.7 x | 1.6 x |
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
|---|---|---|---|---|---|---|
Cash | 385.7m | 309.0m | 232.5m | 315.0m | 337.3m | 316.5m |
Accounts Receivable | 309.1m | 312.9m | 337.6m | 330.9m | 313.4m | 269.1m |
Prepaid Expenses | 77.0m | 85.4m | 88.5m | 84.1m | 79.5m | 87.4m |
Inventories | 432.8m | 492.7m | 495.0m | 493.2m | 483.7m | 469.5m |
Current Assets | 1.3b | 1.2b | 1.2b | 1.2b | 1.2b | 1.1b |
PP&E | 291.3m | 307.3m | 303.2m | 320.9m | 319.0m | 324.0m |
Goodwill | 418.1m | 460.9m | 444.1m | 442.2m | 436.0m | 439.1m |
Total Assets | 2.3b | 2.3b | 2.2b | 2.3b | 2.2b | 2.1b |
Accounts Payable | 81.4m | 93.3m | 82.6m | 74.7m | 68.2m | 63.0m |
Short-term debt | 6.9m | 7.4m | 7.1m | 46.7m | 47.0m | 45.3m |
Current Liabilities | 393.2m | 402.0m | 352.2m | 377.1m | 364.9m | 288.5m |
Long-term debt | 503.0m | 449.7m | 422.3m | 413.5m | 405.8m | 409.8m |
Total Debt | 509.9m | 457.1m | 429.4m | 460.2m | 452.8m | 455.1m |
Common Stock | 247.0k | 247.0k | 242.0k | 242.0k | 240.0k | 238.0k |
Additional Paid-in Capital | 147.8m | 155.8m | 70.1m | 51.9m | 34.7m | 24.5m |
Retained Earnings | 1.0b | 1.1b | 1.2b | 1.3b | 1.3b | 1.3b |
Total Equity | 1.2b | 1.3b | 1.2b | 1.3b | 1.3b | 1.3b |
Debt to Equity Ratio | 0.4 x | 0.4 x | 0.3 x | 0.3 x | 0.3 x | 0.3 x |
Debt to Assets Ratio | 0.2 x | 0.2 x | 0.2 x | 0.2 x | 0.2 x | 0.2 x |
Financial Leverage | 1.9 x | 1.8 x | 1.8 x | 1.7 x | 1.7 x | 1.6 x |
Coherent Cash Flow
Annual
| USD | FY, 2017 | FY, 2018 | FY, 2019 |
|---|---|---|---|
Net Income | 207.1m | 247.4m | 53.8m |
Depreciation and Amortization | 104.2m | 113.4m | 116.4m |
Accounts Receivable | (52.5m) | (47.0m) | 82.1m |
Inventories | (11.4m) | (78.1m) | 17.8m |
Accounts Payable | 8.3m | (9.7m) | (15.2m) |
Cash From Operating Activities | 384.1m | 236.1m | 181.4m |
Purchases of PP&E | (63.8m) | (90.8m) | (83.3m) |
Cash From Investing Activities | (810.3m) | (67.7m) | (100.3m) |
Short-term Borrowings | (30.8m) | (90.8m) | (111.8m) |
Long-term Borrowings | (179.6m) | (171.6m) | (7.5m) |
Cash From Financing Activities | 506.0m | (299.0m) | (80.5m) |
Net Change in Cash | 102.7m | (133.0m) | (5.4m) |
Interest Paid | 27.2m | 16.3m | 14.5m |
Income Taxes Paid | 57.5m | 101.9m | 156.7m |
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
|---|---|---|---|---|---|---|
Net Income | 41.9m | 107.2m | 174.2m | 35.6m | 56.3m | 53.2m |
Depreciation and Amortization | 27.7m | 55.8m | 84.4m | 29.0m | 56.8m | 89.2m |
Accounts Receivable | (1.2m) | 5.8m | (27.5m) | 23.6m | 40.6m | 85.1m |
Inventories | (16.1m) | (59.7m) | (84.9m) | (9.5m) | (2.6m) | 1.7m |
Accounts Payable | 4.7m | 13.6m | 3.5m | 4.7m | (802.0k) | (5.2m) |
Cash From Operating Activities | 65.0m | 132.8m | 133.0m | 51.3m | 126.3m | 135.4m |
Purchases of PP&E | (23.7m) | (45.0m) | (66.0m) | (23.1m) | (41.5m) | (60.5m) |
Cash From Investing Activities | (3.8m) | (69.5m) | (44.5m) | (50.3m) | (70.8m) | (79.6m) |
Short-term Borrowings | (622.0k) | (37.0m) | (65.7m) | (26.5m) | (48.2m) | (68.7m) |
Long-term Borrowings | (90.4m) | (166.9m) | (169.3m) | (1.9m) | (3.8m) | (5.7m) |
Cash From Financing Activities | (119.4m) | (198.5m) | (295.9m) | 5.1m | (24.5m) | (48.1m) |
Net Change in Cash | (57.3m) | (133.5m) | (210.8m) | 4.3m | 26.4m | 5.7m |
Coherent Ratios
| USD | Y, 2019 |
|---|---|
EV/EBIT | 45.5 x |
EV/CFO | 20.9 x |
Revenue/Employee | 276.0k |
Debt/Equity | 0.3 x |
Debt/Assets | 0.2 x |
Financial Leverage | 1.6 x |
Coherent Operating Metrics
Coherent's Backlog was reported to be $502.1m in FY, 2019.
| FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 | |
|---|---|---|---|---|---|---|
Backlog | $328.30 m | $309.50 m | $605.30 m | $1.04 b | $759.90 m | $502.10 m |
Backlog (Commercial Lasers and Components) | $75.30 m | $90.20 m | $90.10 m | $238.60 m | $271.10 m | $192.60 m |
Backlog (Specialty Lasers and Systems) | $253 m | $219.30 m | $515.20 m | $801.40 m | $488.80 m | $309.50 m |
Patent Applications | 147 | 139 | 133 | 275 | 245 | 225 |
Patents Issued | 427 | 484 | 565 | 700 | 725 | 785 |
