Luminar Technologies, Inc.

NasdaqGS:LAZR Stock Report

Market Cap: US$176.5m

Luminar Technologies Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

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: Insufficient data to calculate LAZR's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate LAZR's fair value for valuation analysis.

Key Valuation Metric

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

Key metric: As LAZR is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for LAZR. This is calculated by dividing LAZR's market cap by their current revenue.
What is LAZR's PS Ratio?
PS Ratio2.4x
SalesUS$75.03m
Market CapUS$176.47m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for LAZR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3.4x
SLDP Solid Power
13x38.4%US$234.5m
STRT Strattec Security
0.3x2.1%US$167.8m
SRI Stoneridge
0.2x0.5%US$157.5m
MPAA Motorcar Parts of America
0.2x5.4%US$157.0m
LAZR Luminar Technologies
2.4x48.7%US$176.5m

Price-To-Sales vs Peers: LAZR is good value based on its Price-To-Sales Ratio (2.4x) compared to the peer average (3.4x).

Price to Sales Ratio vs Industry

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

14 CompaniesPrice / SalesEstimated GrowthMarket Cap
LEA Lear
0.2x1.8%US$5.15b
GT Goodyear Tire & Rubber
0.1x0.05%US$2.46b
VTSC.Y Vitesco Technologies Group
0.2x-0.8%US$2.00b
DAN Dana
0.2x0.09%US$1.67b
LAZR 2.4xIndustry Avg. 0.7xNo. of Companies14PS012345+
14 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: LAZR is expensive based on its Price-To-Sales Ratio (2.4x) compared to the US Auto Components industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

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

LAZR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.4x
Fair PS Ratio0.09x

Price-To-Sales vs Fair Ratio: LAZR is expensive based on its Price-To-Sales Ratio (2.4x) compared to the estimated Fair Price-To-Sales Ratio (0.1x).

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$5.30
US$30.00
+466.0%
91.6%US$90.00US$7.50n/a7
Dec ’25US$8.88
US$30.00
+237.8%
91.6%US$90.00US$7.50n/a7
Nov ’25US$11.92
US$31.61
+165.1%
84.1%US$90.00US$7.50n/a7
Oct ’25US$12.30
US$37.03
+201.1%
77.5%US$90.00US$7.50n/a8
Sep ’25US$15.30
US$46.12
+201.5%
62.1%US$90.00US$7.50n/a10
Aug ’25US$22.65
US$69.14
+205.2%
64.8%US$135.00US$15.00n/a11
Jul ’25US$21.15
US$69.82
+230.1%
63.0%US$135.00US$18.00n/a11
Jun ’25US$24.60
US$69.82
+183.8%
63.0%US$135.00US$18.00n/a11
May ’25US$22.20
US$79.44
+257.8%
57.4%US$165.00US$18.00n/a12
Apr ’25US$31.50
US$82.31
+161.3%
51.8%US$165.00US$22.50n/a12
Mar ’25US$34.95
US$101.06
+189.2%
77.2%US$300.00US$22.50n/a12
Feb ’25US$43.80
US$128.25
+192.8%
71.1%US$300.00US$30.00n/a12
Jan ’25US$50.55
US$139.50
+176.0%
62.4%US$300.00US$45.00n/a12
Dec ’24US$36.90
US$139.15
+277.1%
60.1%US$300.00US$45.00US$8.8813
Nov ’24US$47.25
US$166.73
+252.9%
45.9%US$300.00US$52.50US$11.9213
Oct ’24US$68.25
US$170.19
+149.4%
43.4%US$300.00US$67.50US$12.3013
Sep ’24US$88.05
US$178.12
+102.3%
40.1%US$300.00US$67.50US$15.3012
Aug ’24US$117.60
US$186.87
+58.9%
39.9%US$300.00US$67.50US$22.6512
Jul ’24US$103.20
US$184.37
+78.7%
41.9%US$300.00US$67.50US$21.1512
Jun ’24US$103.50
US$184.37
+78.1%
41.9%US$300.00US$67.50US$24.6012
May ’24US$87.90
US$199.37
+126.8%
41.4%US$360.00US$67.50US$22.2012
Apr ’24US$97.35
US$200.00
+105.4%
40.8%US$360.00US$75.00US$31.5012
Mar ’24US$135.90
US$193.75
+42.6%
40.8%US$360.00US$75.00US$34.9512
Feb ’24US$107.10
US$192.50
+79.7%
40.2%US$360.00US$75.00US$43.8012
Jan ’24US$74.25
US$196.25
+164.3%
38.0%US$360.00US$105.00US$50.5512
Dec ’23US$118.50
US$210.00
+77.2%
47.9%US$450.00US$120.00US$36.9013

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 08:57
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Luminar Technologies, Inc. is covered by 18 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tristan GerraBaird
Jared MaymonBerenberg
John BabcockBofA Global Research