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 $33.4B against $27.2B — 1.2× the size. Teledyne Technologies Incorporated trades at the lower P/E: 28.2× against 38.3×. Coherent Corp. grew revenue faster over the last twelve months: 30.8% against 8.57%. Teledyne Technologies Incorporated has the higher net margin (15.8% vs 12.2%) and the higher return on invested capital (6.47% vs 4.79%). 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 38.25 28.21 28.21
P/S 4.80 4.38 4.46
P/B 3.25 2.57 3.10
Price to free cash flow n/m 24.90 24.15
EV/EBITDA 24.78 18.25 18.28
EV/Sales 5.08 4.61 4.64
Earnings yield 2.61% 3.54% 0.68%
Free cash flow yield (4.86%) 4.02% 1.98%

Profitability

Metric COHR TDY Scientific & Technical Instruments median
Gross margin 38.16% 43.60% 47.24%
Operating margin 13.44% 20.00% 8.96%
Net margin 12.16% 15.75% 1.92%
Free cash flow margin (23.31%) 17.60% 10.59%
Return on equity 10.78% 9.47% 2.66%
Return on assets 5.50% 6.64% 1.12%
Return on invested capital 4.79% 6.47% 4.79%

Growth

Metric COHR TDY Scientific & Technical Instruments median
Revenue growth (TTM) 30.84% 8.57% 9.26%
EPS growth (last fiscal year) 892.31% 9.70% 13.24%
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 0.34 0.18 0.00
Current ratio 2.29 2.31 2.30
Net debt to EBITDA 0.87 1.43 0.45

Dividend

Metric COHR TDY Scientific & Technical Instruments median
Dividend yield — — 0.62%
Payout ratio — — 0.22

Size

Metric COHR TDY Scientific & Technical Instruments median
Market cap 33.43b 27.24b 549.07m

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