company background image
LAZR

Luminar Technologies NasdaqGS:LAZR Stock Report

Last Price

US$6.04

Market Cap

US$2.2b

7D

-19.4%

1Y

-71.2%

Updated

03 Jul, 2022

Data

Company Financials +
LAZR fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health5/6
Dividends0/6

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

Summary of all time highs, changes and price drops for Luminar Technologies
Historical stock prices
Current Share PriceUS$6.04
52 Week HighUS$23.90
52 Week LowUS$5.82
Beta1.45
1 Month Change-38.18%
3 Month Change-63.04%
1 Year Change-71.22%
3 Year Change-40.20%
5 Year Changen/a
Change since IPO-38.37%

Recent News & Updates

Jun 23

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.

May 16

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

LAZRUS Auto ComponentsUS 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

Is LAZR's price volatile compared to industry and market?
LAZR volatility
LAZR Average Weekly Movement11.9%
Auto Components Industry Average Movement8.2%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.3%

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

FoundedEmployeesCEOWebsite
2012500Austin Russellhttps://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

How do Luminar Technologies's earnings and revenue compare to its market cap?
LAZR fundamental statistics
Market CapUS$2.15b
Earnings (TTM)-US$250.40m
Revenue (TTM)US$33.49m

64.3x

P/S Ratio

-8.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LAZR income statement (TTM)
RevenueUS$33.49m
Cost of RevenueUS$55.11m
Gross Profit-US$21.62m
Other ExpensesUS$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 Ratio434.7%

How did LAZR perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation 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.

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/Revenue62.3x
Enterprise Value/EBITDA-7.9x
PEG Ration/a

Price to Book Ratio vs Peers

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

LAZR PB Ratio vs 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 Average2x
THRM Gentherm
3.2x35.5%US$2.1b
DAN Dana
1.1x47.8%US$2.1b
ADNT Adient
1.2x29.3%US$2.8b
LCII LCI Industries
2.3x-18.7%US$2.9b
LAZR Luminar Technologies
17.4x0.06%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.

LAZR PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio17.4x
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 ($6.04) 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.


Discover undervalued companies

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

2/6

Future 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


Discover growth companies

Past Performance

How has Luminar Technologies performed over the past 5 years?

Past Performance Score

0/6

Past 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

5/6

Financial 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


Discover healthy companies

Dividend

What is Luminar Technologies's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend 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.


Discover strong dividend paying companies

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.