Coherent Corp. (COHR) vs ESCO Technologies Inc. (ESE)

Coherent Corp. and ESCO Technologies Inc. are both Scientific & Technical Instruments companies. Coherent Corp. is the larger, with a market value of $33.4B against $7.0B — 4.8× the size. ESCO Technologies Inc. trades at the lower P/E: 19.0× against 38.3×. ESCO Technologies Inc. grew revenue faster over the last twelve months: 34.3% against 30.8%. ESCO Technologies Inc. has the higher net margin (24.4% vs 12.2%) and the higher return on invested capital (7.76% vs 4.79%). Across the 21 metrics below, ESCO Technologies Inc. leads on 17 and Coherent Corp. on 4.

Valuation

Metric COHR ESE Scientific & Technical Instruments median
P/E 38.25 18.99 28.21
P/S 4.80 4.63 4.46
P/B 3.25 3.69 3.10
Price to free cash flow n/m 30.38 24.15
EV/EBITDA 24.78 19.38 18.28
EV/Sales 5.08 4.64 4.64
Earnings yield 2.61% 5.27% 0.68%
Free cash flow yield (4.86%) 3.29% 1.98%

Profitability

Metric COHR ESE Scientific & Technical Instruments median
Gross margin 38.16% 42.01% 47.24%
Operating margin 13.44% 15.66% 8.96%
Net margin 12.16% 24.39% 1.92%
Free cash flow margin (23.31%) 15.23% 10.59%
Return on equity 10.78% 21.39% 2.66%
Return on assets 5.50% 12.73% 1.12%
Return on invested capital 4.79% 7.76% 4.79%

Growth

Metric COHR ESE Scientific & Technical Instruments median
Revenue growth (TTM) 30.84% 34.33% 9.26%
EPS growth (last fiscal year) 892.31% 193.15% 13.24%
Revenue growth, 5-year CAGR 18.04% 8.44% 7.89%
Net income growth, 5-year CAGR 24.22% 24.66% 0.00%

Health

Metric COHR ESE Scientific & Technical Instruments median
Debt to equity 0.34 0.05 0.00
Current ratio 2.29 1.38 2.30
Net debt to EBITDA 0.87 0.34 0.45

Dividend

Metric COHR ESE Scientific & Technical Instruments median
Dividend yield — 0.14% 0.62%
Payout ratio — 0.03 0.22

Size

Metric COHR ESE Scientific & Technical Instruments median
Market cap 33.43b 7.00b 549.07m

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