Coherent Inc. (NASDAQ: COHR) stock price increased by 150% in 2018, mainly because of

Coherent Inc. (NASDAQ: COHR) stock price increased from $106 at the end of 2018 to around $266 currently, mainly because of its P/S multiple's improvement.

   UKRAINE - 2021/05/27: In this photo illustration, a Coherent logo seen on a smartphone and a pc ... [+] screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) 
  SOPA Images/LightRocket via Getty Images
This photo illustration shows a Coherent logo on a smartphone and a computer monitor. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)

Coherent Inc (NASDAQ: COHR) stock price has risen more than 2.5x from $106 in 2018 end, to around $266 currently, primarily due to favorable changes in its P&S multiple.The company, a manufacturer of laser components and equipment, actually witnessed a drop in revenue per share over this period, due to a drop in sales and an increase in the outstanding share count.Despite this, the stock managed to outperform the S&P that rose only slightly over 50% over this period.

In our interactive dashboard, Why Coherent Stock Moved: we break down the factors behind this move in our interactive dashboard.

In FY 2018, Coherent's Total Revenue was $1.9 billion. That number has since fallen to $1.5 billion

  • Coherent's total revenue dropped from $1.9 billion in FY '18 to $1.2 billion in FY '20 (COHR's fiscal year ends in September) but has since recovered and is now slightly higher, around $1.5 billion.
  • Coherent’s laser source sales accounted for 60% of its total revenue in fiscal year ’21, with $914 million worth of products sold.
  • The Industrial lasers and systems segment, which accounts for 40% of revenues, brought in $574 million as of FY '21.
  • See Coherent Revenue Comparison for details about Coherent's revenues and how they compare to its peers.
   Factors of COHR Stock Price Change 
  Trefis is an analyst firm that tracks the performance of companies in the industry. The company's analysis of COHR's stock price movement

As of the end of FY '18, the company's EPS was $77.45; it is currently $62.28

  • As of the end of FY '18, COHR's revenue was $1.9 billion; since then, it has fallen to $1.5 billion while the outstanding share count is up by a slight amount from 24.6 million to 24.8 million (currently).
  • As a result of this, RPS has decreased from $77.45 in FY '18 to $62.28 currently.

In 2018, Coherent's P/S multiple increased from 1.4x to 4.5x, but it has since retreated to 4.3x as of the end of 2019, which is still over 3 times higher than its 2018 level

  • In the period following the end of 2018, COHR's price-to-sales ratio rose sharply from 1.4x to as high as 4.5x by late 2021, thanks to its outstanding performance.
  • The P/S multiple has fallen back to around 4.3x, still 3x higher than in 2018, due to the economic uncertainty that is affecting the broader markets.
  • For more information about the company stock returns and comparisons to peers, see Coherent Stock Return Comparison.

If you want a more balanced portfolio, our high quality &

   COHR Return Compared With Trefis Multi-Strategy Portfolio  
  The results of the analysis were that COHR Return was outperforming the Trefis Multi-Strategy Portfolio.