Technology · NYSE/NASDAQ: COHR
COHERENT CORP.
Scientific & Technical Instruments
Market Cap $80.96B
Verdict: Weak
Quality Scores
Multi-Bagger
72/100
Compounder Quality
64/100
Management Credibility
68/100
Governance
78/100
Cash Flow Quality
88/100
AI Summary
Coherent Corp. (formerly II-VI) has undergone a massive structural transformation from a component manufacturer to a vertically integrated photonics and materials giant, largely driven by the $7 billion acquisition of Coherent in 2022. While revenue has scaled from $196M to $5.81B over a decade, representing an aggressive inorganic growth strategy, the bottom-line performance has turned extremely volatile. Recent fiscal years have been marred by substantial net losses and restructuring costs, although 2025 shows signs of returning to profitability. The company is strategically positioned in…
Top Opportunities
- Consistent positive Cash Flow from Operations over 10 years
- Explosive revenue growth via strategic acquisitions
- Market leadership in high-speed optical transceivers (800G/1.6T)
Top Risks
- Significant long-term debt of $3.69B
- History of net losses in 2023 and 2024
- High interest expense consuming operating profits
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