COHR Coherent Corp.
too hard · 26
Owner-earnings value$48.78
Price$337.04
Margin of safety
-85.5%
Quality gate · 26/100
⚠ sub-hurdle returns (median roic 2% < 9%) · unprofitable in too many years
Median ROIC2.4%
Gross margin37.5%
Net debt / EBITDA1.5x
FCF conversion-100%
Share count / yr+11.9%
Profitable years2/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 805.00M |
| Owner-earnings yield | 1.2% |
| Free-cash-flow yield | -1.6% |
| Growth used (normalized) | 10.0% |
| Market-implied growth (reverse DCF) | 25.0% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 14.3% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 885.50M | 10.0% | 774.87M |
| 2 | 967.16M | 9.2% | 740.60M |
| 3 | 1.05B | 8.4% | 702.80M |
| 4 | 1.13B | 7.7% | 662.14M |
| 5 | 1.21B | 6.9% | 619.33M |
| 6 | 1.28B | 6.1% | 575.08M |
| 7 | 1.35B | 5.3% | 530.07M |
| 8 | 1.41B | 4.6% | 484.98M |
| 9 | 1.46B | 3.8% | 440.42M |
| 10 | 1.51B | 3.0% | 396.96M |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~25%/yr owner-earnings growth over 10y (reverse DCF); model credits 10%.