Pricing Log in Create free account
Saturday 7 November 2026 Export COHR’s income statement to Excel — free account

Coherent Corp.

COHR Technology Scientific & Technical Instruments

Coherent Corp.’s revenue for fiscal 2026 (year ended June 2026) was $7.1 billion, up 22.5% from fiscal 2025.

Revenue
+49.9%
EPS
+56.8%
Free cash flow
−1,695.5%
Total debt
+20.9%

Quarter to September 2026, against a year earlier

192.81 23.05 +13.58%
Market cap
$33.4B
P/E
38.3×
Fwd P/E
21.8×
Dividend yield
—
F-score
7/9
Altman Z
6.85
Beneish M
−2.01
Dividend safety
41/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Coherent Corp. (COHR) valuation and DCF model

What the price implies · reverse DCF

At $192.81 the price implies revenue of $66.71 billion by year ten, growing 23.8% a year, at a 10% free-cash-flow margin then.

The headline discounts the last twelve months’ free cash flow after share-based pay at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
23.8% a year for ten years
$192.81
today’s price
Its base case
24.0% a year for five years, then 14.4%
$113.67
41.0% below today’s price

Both are growth in revenue, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Coherent Corp.’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Revenue and margin
the four quarters to September 2026, from the 10-Q and 10-K filings

Yearly growth in revenue. It usually slows as the company matures.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

Diluted shares outstanding. Net debt, under Advanced inputs, is taken off before dividing.

Advanced inputs
Free cash flow Revenue and margin
negative is net cash
new shares the cash flow does not pay for

Against Coherent Corp.’s own cost of capital: risk-free 4.3% + beta 2.23 × equity premium 4.5% = 14.3% cost of equity; weighted, 14.3%.

Use 14.3%
Equity value $22.35b ▼ below market cap $37.91b
Base case value per share $113.67 equity value ÷ 196.63m shares
Current price $192.81 market price per share
Below today’s price 41.0% downside at the base case’s assumptions

How we got there$(5.73b) 10 years of cash to equity+$30.29b terminal value−$2.20b net debt=$22.35b equity value÷196.63m shares=$113.67 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Scientific & Technical Instruments).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 38.25× 42.51× 37.88× 1% above 28.21× 36% above
P/FCF — 46.96× 83.33× — 24.15× —
P/B 3.25× 3.06× 2.62× 24% above 3.10× 5% above
EV/EBITDA 24.78× 26.10× 19.15× 29% above 18.28× 36% above
EV/Sales 5.08× 4.59× 3.37× 51% above 4.64× 9% above
P/E P/FCF P/B EV/EBITDA EV/Sales
24.55×44.74×64.93×85.12×10Y avg 37.88×2017201820192021202220262026

COHR trades at 38.25× P/E, against a 10-year average of 37.88× (range 22.14×–90.68×). That is dearer than 83% of the last 6 year-end readings; re-rating to the average implies $190.94 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.