0LHO (II-VI Inc) vs S&P 500 Comparison

0LHO

S&P 500

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0LHO

S&P 500

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0LHO

S&P 500

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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S&P 500

0LHO

APH

DELTA

GLW

002475

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II-VI Inc
Glance View

Economic Moat

None

Market Cap

675.2B USD

Industry

Electrical Equipment

II-VI Inc., now known as Coherent Corp. after its acquisition of Coherent Inc. in 2022, is a fascinating player in the world of advanced materials and optoelectronic components. Originating as a pioneering company in the realm of engineered materials and optoelectronic components, it carved a niche with a strong focus on compound semiconductors. These materials play a crucial role in enabling a variety of sophisticated technologies, ranging from communications to military applications. The company's early mastery in areas like thermal management solutions and precision optics laid the groundwork for its evolution. Over time, II-VI leveraged its expertise to expand into photonics, leveraging their ability to identify and develop solutions for high-impact industry needs. The transformation into Coherent Corp. marked a strategic shift into the broader domain of optical and laser technologies. This acquisition broadened the company's portfolio substantially and bolstered its revenues through enhanced capabilities in end markets such as industrial, communications, electronics, and life sciences. Coherent Corp. now excels in creating value by designing, manufacturing, and commercializing a wide range of materials and components integral to modern photonics. Through a robust combination of advanced materials and cutting-edge optics, it continues to lead in the innovation space, serving as a critical supplier in industries eager for precision and efficiency. The company's financial growth reflects its ability to tap into the burgeoning demand for laser-based technologies, extending its reach globally and securing a future that's as bright as the lasers it helps create.

View 0LHO Analysis

0LHO Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

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TH	Delta Electronics Thailand PCL SET:DELTA	Add
US	Corning Inc NYSE:GLW	Add
CN	Luxshare Precision Industry Co Ltd SZSE:002475	Add
TW	Delta Electronics Inc TWSE:2308	Add
JP	Murata Manufacturing Co Ltd TSE:6981	Add
JP	TDK Corp TSE:6762	Add
CN	BOE Technology Group Co Ltd SZSE:000725	Add
US	Coherent Corp NYSE:COHR	Add
JP	Kyocera Corp TSE:6971	Add

US	Amphenol Corp NYSE:APH	Select
TH	Delta Electronics Thailand PCL SET:DELTA	Select
US	Corning Inc NYSE:GLW	Select
CN	Luxshare Precision Industry Co Ltd SZSE:002475	Select
TW	Delta Electronics Inc TWSE:2308	Select
JP	Murata Manufacturing Co Ltd TSE:6981	Select
JP	TDK Corp TSE:6762	Select
CN	BOE Technology Group Co Ltd SZSE:000725	Select
US	Coherent Corp NYSE:COHR	Select
JP	Kyocera Corp TSE:6971	Select

US	Amphenol Corp NYSE:APH	Add
TH	Delta Electronics Thailand PCL SET:DELTA	Add
US	Corning Inc NYSE:GLW	Add
CN	Luxshare Precision Industry Co Ltd SZSE:002475	Add
TW	Delta Electronics Inc TWSE:2308	Add
JP	Murata Manufacturing Co Ltd TSE:6981	Add
JP	TDK Corp TSE:6762	Add
CN	BOE Technology Group Co Ltd SZSE:000725	Add
US	Coherent Corp NYSE:COHR	Add
JP	Kyocera Corp TSE:6971	Add

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0LHO

vs

S&P 500

Stocks Performance
0LHO vs S&P 500

Performance Gap
0LHO vs S&P 500

Performance By Year
0LHO vs S&P 500

Competitors Performance
II-VI Inc vs Peers

II-VI Inc
Glance View

Company

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0LHO vs S&P 500

Stocks Performance 0LHO vs S&P 500

Performance Gap 0LHO vs S&P 500

Performance By Year 0LHO vs S&P 500

Competitors Performance II-VI Inc vs Peers

II-VI Inc Glance View

Company

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Stocks

0LHO

vs

S&P 500

Stocks Performance
0LHO vs S&P 500

Performance Gap
0LHO vs S&P 500

Performance By Year
0LHO vs S&P 500

Competitors Performance
II-VI Inc vs Peers

II-VI Inc
Glance View