Coheris (COH) AI Stock Analysis

• Market Cap: €86.71M
• Dividend Yield: 0.55%
• Average Volume (3M): 2.22K
• Price to Earnings (P/E): 23.4
• Beta (1Y): 0.50
• Revenue Growth: 6.71%
• EPS Growth: 7.79%
• Country: FR
• Employees: 70
• Sector: General
• Sector Strength: N/A
• Industry: Software - Application
• EPS (TTM): 0.33
• Shares Outstanding: 5,685,575
• 10 Day Avg. Volume: 1,668
• 30 Day Avg. Volume: 2,218
• PEG Ratio: 1.05
• Price to Book (P/B): 2.27
• Price to Sales (P/S): 3.15
• P/FCF Ratio: 9.44
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.11
• Revenue Forecast (FY): €12.18M

• Rating: 73 Outperform
• Price Target: €16.50 ▲(14.58% Upside)

The score is driven primarily by strong financial performance (high margins, low leverage, and solid free-cash-flow conversion). Technicals are supportive but not strongly bullish due to mixed momentum signals. Valuation is reasonable but not compelling given the P/E and low dividend yield.

Positive Factors

High margins

Sustained high gross and net margins indicate a scalable, software-driven cost structure and pricing power. Over months this supports reinvestment in product and sales, funds profitability during growth, and creates a durable buffer against cyclical revenue dips.

Strong cash generation

Robust free cash flow and strong operating-cash-flow-to-net-income conversion enhance financial flexibility. This durable cash generation capacity supports R&D, implementation capacity, selective M&A, or shareholder returns without heavy reliance on external financing.

Low leverage

A conservative capital structure and low leverage reduce refinancing and liquidity risk, allowing the company to fund strategic investments and weather sector shocks. This stability underpins long-term operational planning and preserves optionality.

Negative Factors

Modest scale

A relatively small absolute revenue base limits economies of scale in sales, R&D and marketing. Over the medium term this constrains the firm's ability to match larger competitors' investment pace and increases vulnerability to losing a few sizeable clients.

Reliance on large partnerships

Dependence on large partner-led implementations concentrates revenue and can make sales lumpy. Structurally, this creates bargaining-power asymmetries and execution risk: setbacks or reduced spend by a major partner would materially affect multi-month cash flows and growth.

Industry concentration

A focused exposure to healthcare and life sciences increases sensitivity to sector-specific regulatory changes, reimbursement cycles, and budgetary constraints. Over a multi-month horizon this can constrain addressable market growth and amplify demand variability.

Coheris Business Overview & Revenue Model

Company Description

Coheris SA provides customer relationship management (CRM), customer insight, and analytics solutions in France and internationally. The company offers CRM Customer Service, a customer relationship management solution; Sales Force CRM, a sales force management solution; and Marketing CRM that optimizes the marketing activities and emailing campaigns. It also provides Coheris CRM Nomad, a solution to manage sales operations offline; and Coheris CRM Merch, a tool that enhance merchandising to support the negotiation and the decision-making. In addition, the company offers cloud solution, a secure technical infrastructure. It serves customers in insurance and mutual insurance; retail; banking and finance; cosmetics and pharmaceuticals; CPG; education, studies, and research; media, studies, and telecommunication; public; services; and other sectors. The company was founded in 1994 and is based in Suresnes, France. Coheris SA is as subsidiary of ChapsVision.

How the Company Makes Money

Coheris generates revenue through multiple streams, primarily by selling software licenses, offering subscription-based services, and providing consulting and implementation services. The company charges clients for its software products, which can be purchased outright or accessed via a recurring subscription model. Additionally, Coheris provides professional services such as training, support, and consulting, which are billed separately. Key partnerships with healthcare providers, pharmaceutical companies, and research institutions also contribute significantly to its earnings, as these collaborations often lead to large-scale implementations of Coheris's solutions, enhancing customer retention and driving long-term revenue growth.

Coheris Financial Statement Overview

Summary

Strong overall fundamentals supported by solid revenue growth (2020–2024), high gross margin (67.6%), and robust profitability (net margin 23.1%, EBIT 21.6%, EBITDA 40.9%). Balance sheet leverage is low (D/E 0.23) with a stable equity ratio (57.3%), and cash conversion is strong with meaningful free cash flow (€4.99M) and OCF/NI of 1.45.

Income Statement

Coheris has demonstrated solid revenue growth over recent years, with revenue increasing from €11.4 million in 2020 to €14.9 million in 2024. The company enjoys a strong gross profit margin of 67.6% in 2024, indicating efficient cost management. Net profit margin improved to 23.1% in 2024, showcasing robust profitability. EBIT and EBITDA margins also remain strong at 21.6% and 40.9% respectively, reflecting operational efficiency and effective cost control.

Balance Sheet

The balance sheet reflects a healthy financial position with a debt-to-equity ratio of 0.23 in 2024, indicating low leverage. Return on Equity (ROE) improved to 16.6%, signifying better returns for shareholders. The equity ratio stands at 57.3%, suggesting a stable capital structure. Overall, Coheris maintains a balanced and strong financial standing with manageable debt levels.

Cash Flow

Coheris has shown consistent free cash flow generation, with a notable free cash flow of €4.99 million in 2024. The operating cash flow to net income ratio is robust at 1.45, illustrating strong cash conversion efficiency. The free cash flow to net income ratio is 1.45, indicating that the company effectively converts its net income into free cash flow. The free cash flow growth rate shows a positive trend, enhancing liquidity and financial flexibility.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	15.47M	14.94M	14.62M	13.84M	12.40M	11.40M
Gross Profit	3.98M	10.10M	2.69M	2.18M	1.33M	-1.17M
EBITDA	6.33M	6.11M	5.30M	4.54M	3.36M	763.00K
Net Income	3.71M	3.44M	3.05M	4.43M	996.00K	-2.02M
Balance Sheet
Total Assets	39.18M	36.16M	38.07M	34.96M	31.89M	23.63M
Cash, Cash Equivalents and Short-Term Investments	811.00K	359.00K	188.00K	513.00K	1.57M	5.29M
Total Debt	4.17M	4.80M	6.16M	7.27M	7.56M	4.29M
Total Liabilities	17.04M	15.45M	20.33M	20.20M	21.90M	14.65M
Stockholders Equity	22.14M	20.72M	17.74M	14.76M	10.00M	8.98M
Cash Flow
Free Cash Flow	3.42M	4.99M	4.44M	4.79M	4.90M	970.00K
Operating Cash Flow	5.05M	4.99M	4.44M	6.54M	6.59M	2.54M
Investing Cash Flow	-1.65M	-1.69M	-1.71M	-1.63M	-1.72M	-1.58M
Financing Cash Flow	-3.81M	-3.12M	-3.06M	-6.08M	-8.69M	1.40M

Coheris Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.40
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:COH, the sentiment is Positive. The current price of 14.4 is below the 20-day moving average (MA) of 14.51, above the 50-day MA of 14.31, and above the 200-day MA of 10.85, indicating a bullish trend. The MACD of 0.23 indicates Negative momentum. The RSI at 59.86 is Neutral, neither overbought nor oversold. The STOCH value of 91.85 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:COH.

Coheris Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
COH	73 Outperform	€86.71M	23.39	18.06%	0.55%	6.71%	7.79%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
EOS	45 Neutral	€3.24M	-2.44	―	―	-34.48%	-288.35%