Coherent Corp.
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Undervalued Growth

142
COHR caught my attention for a few reasons.

1st. It is ≈11% of total holding of Scion Asset Mngt holdings, one of the best performing funds since 2008.

2. Technical: SP trading in demand zone, appearing to possibly be in process of forming a double bottom- confirmed on 3 day rule, vol, etc. passing 46.46 area.

3. Valuation: Currently at steep discount to competitors despite continual growth in earnings. significantly below sector by almost every metric... EV/EBITDA TTM 16% below; FWD- 40% below, P/S TTM/ FWD- 63/65% respectively, Price/ CF- 79% below. Trading about 50% below 5 year PB and 55% 5 year P/Cash flow.

4. Growth: Rev Growth YoY 177% above sector; FWD-116% above sector, significantly above sector by almost every metric besides ROE.





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