COHR - NASDAQ
Coherent, Inc.
$184.57
-2.4%Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of commercial, industrial, and scientific research applications. It operates in two segments, Original Equipment Manufacturers (OEM) Laser Sources and Industrial Lasers & Systems. The company designs, manufactures, markets, and services lasers, laser tools, precision optics, and related accessories; and laser measurement and control products. Its products are used for applications in microelectronics, materials processing, OEM components and instrumentation, and scientific research and government programs. The company markets its products through a direct sales force in the United States, as well as through direct sales personnel and independent representatives internationally. Coherent, Inc. was founded in 1966 and is headquartered in Santa Clara, California. As of July 1, 2022, Coherent, Inc. operates as a subsidiary of II-VI Incorporated.
At a Glance
Live SnapshotCoherent, Inc. Fair Value Envelope
Owner Earnings Valuation Tool
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
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DCF Valuation Summary
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Owner Earnings Projections
Operating Cash Flow - Maintenance CapEx = Owner Earnings
| Metric | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $614.0M | $595.0M | $576.6M | $558.8M | $541.5M | $524.8M | $508.5M | $492.8M | $477.6M | $462.8M |
| Maintenance CapEx | -$85.4M | -$82.8M | -$80.2M | -$77.8M | -$75.4M | -$73.0M | -$70.8M | -$68.6M | -$66.5M | -$64.4M |
| Owner Earnings | $528.6M | $512.2M | $496.4M | $481.0M | $466.2M | $451.7M | $437.8M | $424.2M | $411.1M | $398.4M |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $489.4M | $439.1M | $394.0M | $353.6M | $317.3M | $284.7M | $255.4M | $229.2M | $205.7M | $184.5M |
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