| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
LAZR Stock Overview
Luminar Technologies, Inc., an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East.
Luminar Technologies Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$6.04 |
| 52 Week High | US$23.90 |
| 52 Week Low | US$5.82 |
| Beta | 1.45 |
| 1 Month Change | -38.18% |
| 3 Month Change | -63.04% |
| 1 Year Change | -71.22% |
| 3 Year Change | -40.20% |
| 5 Year Change | n/a |
| Change since IPO | -38.37% |
Recent News & Updates
Luminar Technologies Stock Forecast: Has The Price Hit A Bottom?
Luminar's stock has lost more than 80% of its value since its post-IPO peak. The stock has continued on a decline of more than 50% this year. In addition to macroeconomic headwinds, industry- and company-specific challenges such as regulatory scrutiny and estimate misses have also weighed on Luminar's stock performance. Luminar could make an attractive long-term investment given its first-mover advantage in advanced long-range auto LIDAR systems, as well as the fast-growing autonomous mobility industry. However, we believe the stock could trend lower for a more attractive entry, considering the current market climate given Luminar's business risks as an emerging player within a still-nascent technology landscape.
Luminar Technologies: Don't Let The Lasers Blind You
Luminar has extensive support from major investors and institutional backers, including Peter Thiel, BlackRock, Vanguard and others. The company holds several key partnerships with major carmakers, including Mercedes-Benz, Volvo, and Nissan. Luminar recently acquired Freedom Photonics, a manufacturer of high-performance lasers. There may be other LIDAR companies with more attractive fundamentals compared to Luminar.
Shareholder Returns
| LAZR | US Auto Components | US Market | |
|---|---|---|---|
| 7D | -19.4% | -5.1% | -2.5% |
| 1Y | -71.2% | -38.8% | -21.2% |
Return vs Industry: LAZR underperformed the US Auto Components industry which returned -38.8% over the past year.
Return vs Market: LAZR underperformed the US Market which returned -21.2% over the past year.
Price Volatility
| LAZR volatility | |
|---|---|
| LAZR Average Weekly Movement | 11.9% |
| Auto Components Industry Average Movement | 8.2% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.3% |
Stable Share Price: LAZR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: LAZR's weekly volatility (12%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2012 | 500 | Austin Russell | https://www.luminartech.com |
Luminar Technologies, Inc., an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Components. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries.
Luminar Technologies Fundamentals Summary
| LAZR fundamental statistics | |
|---|---|
| Market Cap | US$2.15b |
| Earnings (TTM) | -US$250.40m |
| Revenue (TTM) | US$33.49m |
64.3x
P/S Ratio-8.6x
P/E RatioIs LAZR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| LAZR income statement (TTM) | |
|---|---|
| Revenue | US$33.49m |
| Cost of Revenue | US$55.11m |
| Gross Profit | -US$21.62m |
| Other Expenses | US$228.78m |
| Earnings | -US$250.40m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.70 |
| Gross Margin | -64.57% |
| Net Profit Margin | -747.76% |
| Debt/Equity Ratio | 434.7% |
How did LAZR perform over the long term?
See historical performance and comparisonValuation
Is LAZR undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
0/6Valuation Score 0/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
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.
| What is LAZR's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$2.15b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 62.3x |
| Enterprise Value/EBITDA | -7.9x |
| PEG Ratio | n/a |
Price to Book Ratio vs Peers
How does LAZR's PB Ratio compare to its peers?
| LAZR PB Ratio vs Peers |
|---|
| Company | PB | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 2x | ||
THRM Gentherm | 3.2x | 35.5% | US$2.1b |
DAN Dana | 1.1x | 47.8% | US$2.1b |
ADNT Adient | 1.2x | 29.3% | US$2.8b |
LCII LCI Industries | 2.3x | -18.7% | US$2.9b |
LAZR Luminar Technologies | 17.4x | 0.06% | US$2.2b |
Price-To-Book vs Peers: LAZR is expensive based on its Price-To-Book Ratio (17.4x) compared to the peer average (2x).
Price to Earnings Ratio vs Industry
How does LAZR's PE Ratio compare vs other companies in the US Auto Components Industry?
Price-To-Book vs Industry: LAZR is expensive based on its Price-To-Book Ratio (17.4x) compared to the US Auto Components industry average (1.6x)
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.
| Fair Ratio | |
|---|---|
| Current PB Ratio | 17.4x |
| Fair PB Ratio | n/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 ($6.04) is trading above our estimate of fair value ($2.64)
Significantly Below Fair Value: LAZR is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate LAZR's PEG Ratio to determine if it is good value.
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Future Growth
How is Luminar Technologies forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
Future Growth Score
2/6Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
0.06%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LAZR is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: LAZR is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: LAZR is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: LAZR's revenue (57.2% per year) is forecast to grow faster than the US market (8.2% per year).
High Growth Revenue: LAZR's revenue (57.2% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if LAZR's Return on Equity is forecast to be high in 3 years time
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Past Performance
How has Luminar Technologies performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-46.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LAZR is currently unprofitable.
Growing Profit Margin: LAZR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: LAZR is unprofitable, and losses have increased over the past 5 years at a rate of 46.3% per year.
Accelerating Growth: Unable to compare LAZR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LAZR is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (24.5%).
Return on Equity
High ROE: LAZR has a negative Return on Equity (-178.49%), as it is currently unprofitable.
Discover strong past performing companies
Financial Health
How is Luminar Technologies's financial position?
Financial Health Score
5/6Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: LAZR's short term assets ($758.4M) exceed its short term liabilities ($47.2M).
Long Term Liabilities: LAZR's short term assets ($758.4M) exceed its long term liabilities ($620.3M).
Debt to Equity History and Analysis
Debt Level: LAZR has more cash than its total debt.
Reducing Debt: Insufficient data to determine if LAZR's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: LAZR has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: LAZR has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 33.4% each year
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Dividend
What is Luminar Technologies's current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
3.01%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LAZR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate LAZR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if LAZR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LAZR's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as LAZR has not reported any payouts.
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Management
How experienced are the management team and are they aligned to shareholders interests?
0.9yrs
Average management tenure
CEO
Austin Russell (26 yo)
10.5yrs
Tenure
US$1
Compensation
Mr. Austin Russell has served as President and Chief Executive Officer and as Chairperson and member of board of directors of Luminar Technologies, Inc. since December 2020 and prior to this, served as Pre...
CEO Compensation Analysis
Compensation vs Market: Austin's total compensation ($USD1.00) is below average for companies of similar size in the US market ($USD5.53M).
Compensation vs Earnings: Austin's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: LAZR's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Board Members
Experienced Board: LAZR's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: LAZR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.9%.
Top Shareholders
Company Information
Luminar Technologies, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Luminar Technologies, Inc.
- Ticker: LAZR
- Exchange: NasdaqGS
- Founded: 2012
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Implied Market Cap: US$2.153b
- Shares outstanding: 356.52m
- Website: https://www.luminartech.com
Number of Employees
Location
- Luminar Technologies, Inc.
- 2603 Discovery Drive
- Suite 100
- Orlando
- Florida
- 32826
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/03 00:00 |
| End of Day Share Price | 2022/07/01 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
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.