Harmonic Inc.

NasdaqGS:HLIT Stock Report

Mkt Cap: US$1.6b

We’ve recently updated our valuation analysis.

Harmonic Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 HLIT?

Other financial metrics that can be useful for relative valuation.

HLIT 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/Revenue2.6x
Enterprise Value/EBITDA26.6x
PEG Ratio1x

Price to Earnings Ratio vs Peers

How does HLIT's PE Ratio compare to its peers?

The above table shows the PE ratio for HLIT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average44.9x
DGII Digi International
52.5x36.9%US$1.3b
EXTR Extreme Networks
51.1xn/aUS$2.5b
NTCT NetScout Systems
41.5x3.6%US$2.3b
VIAV Viavi Solutions
34.4x13.2%US$2.6b
HLIT Harmonic
55.7x56.6%US$1.6b

Price to Earnings Ratio vs Industry

How does HLIT's PE Ratio compare vs other companies in the US Communications Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a13.1%
 n/an/an/a

Price to Earnings Ratio vs Fair Ratio

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

HLIT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio55.7x
Fair PE Ratio36.8x

Price-To-Earnings vs Fair Ratio: HLIT is expensive based on its Price-To-Earnings Ratio (55.7x) compared to the estimated Fair Price-To-Earnings Ratio (36.8x).

Share Price vs Fair Value

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

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 HLIT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$14.29
US$19.17
+34.1%
5.6%US$20.00US$17.00n/a6
Jan ’24US$13.10
US$17.71
+35.2%
11.2%US$20.00US$14.25n/a6
Dec ’23US$15.03
US$17.71
+17.8%
11.2%US$20.00US$14.25n/a6
Nov ’23US$13.88
US$17.71
+27.6%
11.2%US$20.00US$14.25n/a6
Oct ’23US$13.07
US$15.42
+18.0%
18.6%US$20.00US$11.50n/a6
Sep ’23US$10.97
US$14.58
+32.9%
13.8%US$17.00US$11.50n/a6
Aug ’23US$10.85
US$13.50
+24.4%
16.4%US$17.00US$10.00n/a6
Jul ’23US$8.60
US$13.50
+57.0%
16.4%US$17.00US$10.00n/a6
Jun ’23US$9.94
US$13.50
+35.8%
16.4%US$17.00US$10.00n/a6
May ’23US$8.30
US$12.80
+54.2%
19.4%US$17.00US$10.00n/a5
Apr ’23US$9.34
US$13.17
+41.0%
18.3%US$17.00US$10.00n/a6
Mar ’23US$9.03
US$13.17
+45.8%
18.3%US$17.00US$10.00n/a6
Feb ’23US$9.22
US$13.17
+42.8%
18.3%US$17.00US$10.00US$13.766
Jan ’23US$11.76
US$12.50
+6.3%
18.9%US$15.00US$9.00US$13.106
Dec ’22US$10.53
US$12.50
+18.7%
18.9%US$15.00US$9.00US$15.036
Nov ’22US$9.33
US$11.50
+23.3%
18.6%US$15.00US$9.00US$13.886
Oct ’22US$8.81
US$11.50
+30.5%
18.6%US$15.00US$9.00US$13.076
Sep ’22US$9.20
US$11.50
+25.0%
18.6%US$15.00US$9.00US$10.976
Aug ’22US$8.85
US$9.57
+8.2%
15.4%US$12.00US$7.50US$10.857
Jul ’22US$8.31
US$9.38
+12.8%
15.7%US$12.00US$7.50US$8.608
Jun ’22US$7.09
US$8.93
+25.9%
12.8%US$11.00US$7.50US$9.947
May ’22US$7.82
US$9.07
+16.0%
11.9%US$11.00US$7.50US$8.307
Apr ’22US$7.92
US$9.13
+15.2%
11.2%US$11.00US$7.50US$9.348
Mar ’22US$8.22
US$9.13
+11.1%
11.2%US$11.00US$7.50US$9.038
Feb ’22US$7.88
US$8.38
+6.3%
15.4%US$11.00US$6.50US$9.228

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