Coherent Corp. (COHR) vs Teledyne Technologies Incorporated (TDY)

Coherent Corp. and Teledyne Technologies Incorporated are both Scientific & Technical Instruments companies. Coherent Corp. is the larger, with a market value of $58.5B against $28.4B — 2.1× the size. Teledyne Technologies Incorporated trades at the lower P/E: 29.7× against 68.0×. Coherent Corp. grew revenue faster over the last twelve months: 22.5% against 7.87%. Teledyne Technologies Incorporated has the higher net margin (15.3% vs 10.8%) and the higher return on invested capital (6.15% vs 4.21%). Across the 21 metrics below, Teledyne Technologies Incorporated leads on 15 and Coherent Corp. on 6.

Valuation

Metric COHR TDY Scientific & Technical Instruments median
P/E 68.01 29.65 35.93
P/S 7.37 4.46 4.46
P/B 4.67 2.60 3.00
Price to free cash flow n/m 24.90 24.96
EV/EBITDA 38.94 19.04 19.60
EV/Sales 7.54 4.73 4.98
Earnings yield 1.47% 3.37% 0.53%
Free cash flow yield (1.95%) 4.02% 1.12%

Profitability

Metric COHR TDY Scientific & Technical Instruments median
Gross margin 37.50% 43.34% 45.75%
Operating margin 11.77% 19.45% 7.34%
Net margin 10.82% 15.29% 1.56%
Free cash flow margin (14.38%) 17.92% 5.84%
Return on equity 8.93% 9.16% 2.87%
Return on assets 4.64% 6.41% 0.99%
Return on invested capital 4.21% 6.15% 3.88%

Growth

Metric COHR TDY Scientific & Technical Instruments median
Revenue growth (TTM) 22.51% 7.87% 11.28%
EPS growth (last fiscal year) 892.31% 9.70% —
Revenue growth, 5-year CAGR 18.04% 14.66% 7.89%
Net income growth, 5-year CAGR 24.22% 17.36% 0.00%

Health

Metric COHR TDY Scientific & Technical Instruments median
Debt to equity 0.29 0.19 0.00
Current ratio 2.43 2.18 2.24
Net debt to EBITDA 0.87 1.43 0.44

Dividend

Metric COHR TDY Scientific & Technical Instruments median
Dividend yield 0.10% — 0.72%
Payout ratio 0.00 0.00 0.00

Size

Metric COHR TDY Scientific & Technical Instruments median
Market cap 58.46b 28.37b 483.67m

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