Coherent (COHR) stock price, revenue, and financials

Coherent market cap is $3.7 b, and annual revenue was $1.43 b in FY 2019

$3.7 B

COHR Mkt cap, 13-Dec-2019

$1.4 B

Coherent Revenue FY, 2019
Coherent 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.

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Coherent Revenue Breakdown

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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

USDFY, 2017FY, 2018FY, 2019

Revenue

1.7b1.9b1.4b

Revenue growth, %

101%10%(25%)

Cost of goods sold

973.0m1.1b944.2m

Gross profit

750.3m830.7m486.5m

Gross profit Margin, %

44%44%34%

R&D expense

119.2m132.6m117.4m

General and administrative expense

292.1m293.6m272.3m

Operating expense total

424.8m437.7m403.4m

EBIT

325.5m393.0m83.1m

EBIT margin, %

19%21%6%

Interest expense

34.4m25.8m19.1m

Interest income

1.1m1.6m1.1m

Pre tax profit

302.1m114.2m60.0m

Income tax expense

93.4m247.4m6.2m

Net Income

207.1m247.4m53.8m

Coherent Balance Sheet

Annual

USDFY, 2017FY, 2018FY, 2019

Cash

443.1m310.5m305.8m

Accounts Receivable

305.7m355.2m267.6m

Prepaid Expenses

70.3m85.1m78.0m

Inventories

414.8m486.7m442.5m

Current Assets

1.3b1.2b1.1b

PP&E

278.9m311.8m323.4m

Goodwill

417.7m442.9m427.1m

Total Assets

2.3b2.3b2.1b

Accounts Payable

75.9m70.3m51.5m

Short-term debt

5.1m5.1m14.9m

Current Liabilities

419.1m372.8m240.3m

Long-term debt

589.0m420.7m392.2m

Total Debt

594.1m425.8m407.1m

Common Stock

245.0k242.0k238.0k

Additional Paid-in Capital

171.4m78.7m34.3m

Retained Earnings

971.7m1.2b1.3b

Total Equity

1.2b1.3b1.3b

Debt to Equity Ratio

0.5 x0.3 x0.3 x

Debt to Assets Ratio

0.3 x0.2 x0.2 x

Financial Leverage

2 x1.7 x1.6 x

Coherent Cash Flow

Annual

USDFY, 2017FY, 2018FY, 2019

Net Income

207.1m247.4m53.8m

Depreciation and Amortization

104.2m113.4m116.4m

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

384.1m236.1m181.4m

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

27.2m16.3m14.5m

Income Taxes Paid

57.5m101.9m156.7m

Quarterly

USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

41.9m107.2m174.2m35.6m56.3m53.2m

Depreciation and Amortization

27.7m55.8m84.4m29.0m56.8m89.2m

Accounts Receivable

(1.2m)5.8m(27.5m)23.6m40.6m85.1m

Inventories

(16.1m)(59.7m)(84.9m)(9.5m)(2.6m)1.7m

Accounts Payable

4.7m13.6m3.5m4.7m(802.0k)(5.2m)

Cash From Operating Activities

65.0m132.8m133.0m51.3m126.3m135.4m

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)4.3m26.4m5.7m

Coherent Ratios

USDY, 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, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 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

Coherent Employee Rating

3.7170 votes
Culture & Values
3.6
Work/Life Balance
3.9
Senior Management
3.4
Salary & Benefits
3.6
Career Opportunities
3.4
Source