Luminar Technologies, Inc.

NasdaqGS:LAZR Stock Report

Mkt Cap: US$2.4b

We’ve recently updated our valuation analysis.

Luminar Technologies Valuation

Is LAZR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LAZR?

Other financial metrics that can be useful for relative valuation.

LAZR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue59.7x
Enterprise Value/EBITDA-6.8x
PEG Ration/a

Price to Book Ratio vs Peers

How does LAZR's PB Ratio compare to its peers?

The above table shows the PB ratio for LAZR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average6.2x
LCII LCI Industries
2x-21.5%US$2.9b
XPEL XPEL
18.3x32.0%US$2.1b
PATK Patrick Industries
1.7x-28.2%US$1.6b
DORM Dorman Products
3x16.6%US$3.0b
LAZR Luminar Technologies
56.3x19.4%US$2.4b

Price-To-Book vs Peers: LAZR is expensive based on its Price-To-Book Ratio (56.3x) compared to the peer average (6.2x).


Price to Earnings Ratio vs Industry

How does LAZR's PE Ratio compare vs other companies in the US Auto Components Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a36.7%
n/an/an/a

Price-To-Book vs Industry: LAZR is expensive based on its Price-To-Book Ratio (56.3x) compared to the US Auto Components industry average (1.7x)


Price to Book Ratio vs Fair Ratio

What is LAZR's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LAZR PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio56.3x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate LAZR's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of LAZR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LAZR ($6.67) is trading below our estimate of fair value ($14.72)

Significantly Below Fair Value: LAZR is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LAZR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$6.67
US$12.83
+92.4%
40.2%US$24.00US$5.00n/a12
Jan ’24US$4.95
US$13.08
+164.3%
38.0%US$24.00US$7.00n/a12
Dec ’23US$7.90
US$14.00
+77.2%
47.9%US$30.00US$8.00n/a13
Nov ’23US$8.25
US$14.38
+74.4%
46.7%US$30.00US$7.00n/a13
Oct ’23US$7.29
US$14.75
+102.5%
45.4%US$30.00US$8.00n/a12
Sep ’23US$8.39
US$13.82
+64.7%
34.8%US$24.00US$8.00n/a11
Aug ’23US$6.57
US$17.09
+160.1%
51.9%US$37.00US$9.00n/a11
Jul ’23US$6.04
US$18.69
+209.5%
43.7%US$37.00US$9.00n/a13
Jun ’23US$9.78
US$19.00
+94.3%
41.4%US$37.00US$9.00n/a13
May ’23US$12.37
US$23.15
+87.2%
35.3%US$38.00US$12.00n/a13
Apr ’23US$15.56
US$23.25
+49.4%
36.5%US$38.00US$12.00n/a12
Mar ’23US$15.17
US$25.00
+64.8%
35.7%US$38.00US$14.00n/a11
Feb ’23US$15.23
US$25.73
+68.9%
33.8%US$38.00US$14.00US$6.6711
Jan ’23US$16.91
US$28.00
+65.6%
28.1%US$38.00US$17.00US$4.959
Dec ’22US$15.72
US$28.75
+82.9%
28.0%US$38.00US$17.00US$7.908
Nov ’22US$17.40
US$28.63
+64.5%
29.0%US$38.00US$18.00US$8.258
Oct ’22US$15.37
US$28.63
+86.2%
29.0%US$38.00US$18.00US$7.298
Sep ’22US$17.15
US$29.25
+70.6%
26.9%US$38.00US$18.00US$8.398
Aug ’22US$18.40
US$29.25
+59.0%
26.9%US$38.00US$18.00US$6.578
Jul ’22US$21.39
US$29.25
+36.7%
26.9%US$38.00US$18.00US$6.048
Jun ’22US$20.50
US$28.25
+37.8%
29.1%US$38.00US$18.00US$9.788
May ’22US$22.75
US$30.29
+33.1%
24.5%US$40.00US$22.00US$12.377
Apr ’22US$24.43
US$34.50
+41.2%
16.4%US$40.00US$24.00US$15.566
Mar ’22US$28.97
US$36.60
+26.3%
9.4%US$40.00US$30.00US$15.175
Feb ’22US$33.32
US$36.60
+9.8%
9.4%US$40.00US$30.00US$15.235

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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