Coherent Corp.
About the company
Coherent Corp. develops, manufactures, and markets lasers, transceivers, other optical and optoelectronic devices, modules, and systems worldwide. Its products include critical components consisting of detectors, passive optics, thermal solutions, and PICS; silicon photonics and other advanced optical technologies; and coherent transmission components, transport products, optical amplifiers, passive optical components, optical line systems, and multi-rail platform. The company's Datacenter and Communications segment offers transceivers, co-packaged optics, and optical circuit switches, as well as other systems, such as subsystems, modules, and semiconductor devices for datacenter and communications applications; and VCSELS, EELS, pump lasers, and other components, optics, and ICs for datacenter and communication applications. Its Industrial segment offers excimer lasers, solid-state lasers, and CO2 lasers; laser systems for various industrial applications, including semiconductor capital equipment, display manufacturing, precision manufacturing, and scientific research; and laser systems and subsystems comprising high-power lasers for materials processing. This segment also provides engineered materials, laser optics, thermoelectric components, and advanced ceramic and metal-matrix composite materials and products. It markets its products and services through a direct sales force, representatives, and distributors. The company was formerly known as II-VI Incorporated and changed its name to Coherent Corp. in September 2022. Coherent Corp. was incorporated in 1971 and is headquartered in Saxonburg, Pennsylvania.
No valuation comparison yet
5-year outlook: Not shown because confidence is low: Dividend discount model disagrees strongly.
Why: Free cash flow cannot be used (negative or far below earnings, with too little history to normalise it), so value is based on reinvestment-adjusted earnings.
The range depends on model assumptions and data; it is not a prediction or investment advice.
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Selected model not applicable
FCFF (steady state) needs inputs this company does not have (for example positive earnings, free cash flow or EBITDA), so it gives no usable value.
Assumptions: growth 26.45%, discount rate 11.50%, terminal growth 3.25% (sector defaults). See a worked example.
Blended growth assumption: 26.4% (sector default 8.5%, own revenue history 21.0%, analyst revenue consensus 38.1%).
Analyst consensus expects revenue growth of 38.1% a year; the growth assumption used is 26.5%.
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Why this model: Free cash flow cannot be used (negative or far below earnings, with too little history to normalise it), so value is based on reinvestment-adjusted earnings.
Compare models- Recommended: Earnings-based DCF — USD 38.33 (-80.1%)
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EPS-based Gordon proxy
— USD 61.22 (-68.2%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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FCFF (steady state)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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EV/EBITDA (12x)
— not applicable
Not used: Cannot be computed: EBITDA is missing, zero or negative.
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Fade DCF (10-year growth fade)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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EV/Sales (Rule of 40)
— not applicable
Not used: Cannot be computed: revenue is missing.
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
5 years price change: +166.75% · USD 169.76 · Market data through 05 Nov 2026 . The fair value is today’s estimate, not what the model said in the past.
Saved price history is current through 05 Nov 2026; last refreshed 06 Nov 2026 18:14 (7 hours, 59 minutes ago).
08 Nov 2021Range USD 28.77 – 426.8905 Nov 2026
Latest news
Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.
More detail: quality, peers, price history, dividends and financials
Quality score: 64 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 3 of 5 years profitable | 12 / 20 |
| Cash generation | free cash flow positive in 3 of 5 years | 12 / 20 |
| Growth | revenue +11.3% a year | 20 / 20 |
| Balance sheet | net debt 1513.4x EBITDA | 0 / 20 |
| Margins | EBITDA margin 22% | 20 / 20 |
Peers in Information Technology
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| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| COHR (this company) | USD 192.81 | -403.1% | 39.4 | 0.0 | 0.1% | 64 |
| SMCI Supermicro | USD 28.76 | 47.7% | 9.0 | 1.4 | – | 68 |
| SNDK Sandisk | USD 835.06 | 46.6% | 6.1 | 6.6 | – | 76 |
| ADBE Adobe Inc. | USD 239.30 | 44.2% | 13.0 | 8.0 | – | 100 |
| INTU Intuit | USD 341.50 | 34.5% | 20.3 | 4.9 | 1.5% | 100 |
| HPQ HP Inc. | USD 28.46 | 33.9% | 10.8 | – | 4.2% | 64 |
| IT Gartner | USD 190.10 | 26.9% | 12.7 | – | – | 92 |
| GIB-A.TO CGI Inc. | CAD 117.74 | 25.4% | 14.2 | 2.4 | 0.6% | 90 |
| FSLR First Solar | USD 201.14 | 24.0% | 11.6 | 2.0 | – | 73 |
| Peer median | 12.2 | 3.7 | ||||
Trailing 12-month financials
TTM through 30 Sep 2026 · quarterly EODHD data · data downloaded 07 Nov 2026 02:06
| Revenue | USD 7,907,094,000 |
|---|---|
| EBITDA | USD 1,714,096,000 |
| EBIT | USD 1,167,514,000 |
| Net income | USD 963,292,000 |
| Free cash flow | USD -869,200,578,000 |
| Capital expenditures | USD 1,781,684,000 |
| Debt | USD 4,346,980,000,000 |
| Cash | USD 1,752,929,000,000 |
| Working capital | USD 4,467,629,000,000 |
| Shares outstanding | 196,931,188 |
| Reported dividends per share | USD 0.1740 |