How to buy Cochlear (COH) shares

Learn how to easily invest in Cochlear shares.

Cochlear Limited
+ A$1.06 ( + 0.48%)

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Cochlear Limited is a medical devices business based in Australia. Cochlear shares (COH) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian Dollars. Cochlear has a trailing 12-month revenue of around $1.5 billion. If you're looking to buy shares, check out the steps below.

How to buy shares in Cochlear

  1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  3. Search for Cochlear. Find the share by name or ticker symbol: COH. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Cochlear reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  6. Check in on your investment. Congratulations, you own a part of Cochlear. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Cochlear stock price (ASX:COH)

Use our graph to track the performance of COH stocks over time.

Cochlear shares at a glance

Information last updated 2021-10-23.
52-week range$174.6841 - $256.2311
50-day moving average $225.9008
200-day moving average $231.8742
Target price$223.68
PE ratio 44.846
Dividend yield $2.55 (1.16%)
Earnings per share (TTM) $4.967

Compare share trading platforms

The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
Name Product Standard brokerage fee Inactivity fee Markets
IG Share Trading
AUD $8 or 0.1%
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ASX shares, Global shares
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AUD $5
ASX shares, US shares
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ThinkMarkets Share Trading
AUD $8
ASX shares
Limited-time offer: Get 10 free ASX trades ($0 brokerage) when you open a share trading account with ThinkMarkets before 31 December 2021(T&Cs apply). $8 flat fee brokerage for CHESS Sponsored ASX stocks (HIN ownership), plus free live stock price data on an easy to use mobile app.
Bell Direct Share Trading
AUD $15
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Bell Direct offers a one-second placement guarantee on market-to-limit ASX orders or your trade is free, plus enjoy extensive free research reports from top financial experts.
SelfWealth (Basic account)
AUD $9.5
ASX shares, US shares
Trade ASX and US shares for a flat fee of $9.50, regardless of the trade size.
New customers receive free access to Community Insights with SelfWealth Premium for the first 90 days. Follow other investors and benchmark your portfolio performance.
Saxo Capital Markets (Classic account)
AUD $5
ASX shares, Global shares, Forex, CFDs, Margin trading, Options trading, ETFs
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CMC Markets Invest
AUD $11 or 0.1%
ASX shares, Global shares, mFunds, ETFs
$0 brokerage on global shares including US, UK and Japan markets.
Trade up to 9,000 products, including shares, ETFs and managed funds, plus access up to 15 major global and Australian stock exchanges.

Compare up to 4 providers

Is it a good time to buy Cochlear stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Cochlear price performance over time

Historical closes compared with the last close of A$222.36

1 week (2021-10-19) 1.40%
1 month (2021-09-24) -1.49%
3 months (2021-07-26) -10.31%
6 months (2021-04-26) -0.63%
1 year (2020-10-26) -2.19%
2 years (2019-10-25) 7.20%
3 years (2018-10-26) 28.12%
5 years (2016-10-26) 74.81%

Is Cochlear under- or over-valued?

Valuing Cochlear stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Cochlear's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Cochlear's P/E ratio

Cochlear's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 45x. In other words, Cochlear shares trade at around 45x recent earnings.

That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Cochlear's EBITDA

Cochlear's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $385.7 million (£0.0 million).

The EBITDA is a measure of a Cochlear's overall financial performance and is widely used to measure a its profitability.

Cochlear financials

Revenue TTM $1.5 billion
Operating margin TTM 23%
Gross profit TTM $1.1 billion
Return on assets TTM 8.59%
Return on equity TTM 21.04%
Profit margin 21.8%
Book value 25.884
Market capitalisation $14.7 billion

TTM: trailing 12 months

Cochlear's environmental, social and governance track record

Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Cochlear.

When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.

Cochlear's total ESG risk score

Total ESG risk: 24.39

Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Cochlear's overall score of 24.39 (as at 12/31/2018) is nothing to write home about – landing it in it in the 45th percentile of companies rated in the same sector.

ESG scores are increasingly used to estimate the level of risk a company like Cochlear is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).

Cochlear's environmental score

Environmental score: 3.73/100

Cochlear's environmental score of 3.73 puts it squarely in the 2nd percentile of companies rated in the same sector. This could suggest that Cochlear is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.

Cochlear's social score

Social score: 14.34/100

Cochlear's social score of 14.34 puts it squarely in the 2nd percentile of companies rated in the same sector. This could suggest that Cochlear is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.

Cochlear's governance score

Governance score: 10.32/100

Cochlear's governance score puts it squarely in the 2nd percentile of companies rated in the same sector. That could suggest that Cochlear is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.

Cochlear's controversy score

Controversy score: 2/5

ESG scores also evaluate any incidences of controversy that a company has been involved in. Cochlear scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Cochlear has, for the most part, managed to keep its nose clean.

Environmental, social, and governance (ESG) summary

Cochlear Limited was last rated for ESG on: 2019-01-01.

Total ESG score 24.39
Total ESG percentile 44.88
Environmental score 3.73
Environmental score percentile 2
Social score 14.34
Social score percentile 2
Governance score 10.32
Governance score percentile 2
Level of controversy 2

Cochlear share dividends


Dividend payout ratio: 51.41% of net profits

Recently Cochlear has paid out, on average, around 51.41% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.26% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Cochlear shareholders could enjoy a 1.26% return on their shares, in the form of dividend payments. In Cochlear's case, that would currently equate to about A$2.55 per share.

Cochlear's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 22 September 2021 (the "ex-dividend date").

Cochlear share price volatility

Over the last 12 months, Cochlear's shares have ranged in value from as little as $174.6841 up to $256.2311. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Cochlear's is 0.3472. This would suggest that Cochlear's shares are less volatile than average (for this exchange).

Cochlear overview

Cochlear Limited provides implantable hearing solutions for adults and children worldwide. It offers cochlear implant systems, sound processor upgrades, bone conduction systems, accessories, and other products. The company was founded in 1981 and is headquartered in Sydney, Australia.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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