nLIGHT, Inc. designs, develops, and manufactures semiconductor and fiber lasers used in the industrial, microfabrication, and aerospace and defense markets.
The last earnings update was 6 days ago.
Discounted Cash Flow Calculation for NasdaqGS:LASR using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for
is arrived at by discounting future cash flows to their present value using the 2 stage method.
We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
NasdaqGS:LASR DCF 1st Stage: Next 10 year cash flow forecast
Amount off the current price
is available for.
Share price is
vs Future cash flow value of
Current Discount Checks
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
nLIGHT's share price is below the future cash flow value, and at a moderate discount (> 20%).
nLIGHT's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
nLIGHT's earnings available for a low price, and how does
this compare to other companies in the same industry?
nLIGHT's earnings are expected to grow significantly at over 20% yearly.
nLIGHT's revenue is expected to grow by 11.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
nLIGHT's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
Mr. Scott H. Keeney founded nLIGHT Corporation in July 2000 and serves as its Chief Executive Officer, President and Director since July 2000. Mr. Keeney has been Chairman of nLIGHT Corporation since February 2018. He served as Chief Executive Officer of Aculight Corporation from 1998 to 2000. Prior to Aculight, he was a consultant with McKinsey & Company, a leading management-consulting firm from 1993 to 1998. In 2006, he was awarded the Ernst & Young Entrepreneur of the Year Award for Technology in the Pacific Northwest. Mr. Keeney founded nConnect, a 501(3)c non-profit organization that promotes enhanced STEM education in K-12 schools by connecting mentors from local technology companies with students and teachers. Mr. Keeney's strategic vision for nLIGHT Corporation business, his in-depth knowledge of its products. Mr. Keeney holds a B.A. in Economics from University of Washington and an M.B.A. from Harvard Business School.
Insufficient data for Scott to compare compensation growth.
Scott's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the
management team in years:
The average tenure for the nLIGHT management team is over 5 years, this suggests they are a seasoned and experienced team.
Chief Technology Officer
Managing Director of Fiber Division
VP & CFO
Chief Operating Officer
Senior Director of Investor Relations and Corporate Development
Vice President of Sales & Marketing
Managing Director of Industrial Laser Systems
VP of Finance & Secretary
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The tenure for the nLIGHT board of directors is about average.
Can We See Significant Institutional Ownership On The nLIGHT, Inc. (NASDAQ:LASR) Share Register?
Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … nLIGHT is not a large company by global standards. … Our analysis of the ownership of the company, below, shows that.
Can nLIGHT, Inc. (NASDAQ:LASR) Improve Its Returns?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … How Do You Calculate Return On Equity … Return on Equity = Net Profit ÷ Shareholders' Equity
What Kind Of Shareholder Owns Most nLIGHT Inc (NASDAQ:LASR) Stock?
Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Taking a look at the our data on the ownership groups (below), it's seems that. … institutions own shares in the company.
Should You Be Worried About nLIGHT Inc's (NASDAQ:LASR) 6.4% Return On Equity?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every $1 worth of shareholders' equity, it generated $0.064 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
nLIGHT Inc (NASDAQ:LASR): Time For A Financial Health Check
nLIGHT Inc (NASDAQ:LASR) is a small-cap stock with a market capitalization of US$1.07b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is
Should You Be Concerned About nLIGHT Inc's (NASDAQ:LASR) Investors?
I am going to take a deep dive into nLIGHT Inc’s (NASDAQ:LASR) most recent ownership structure, not a frequent subject of discussion among individual investors. … Ownership structure has been found to have an impact on shareholder returns in both short- and long-term. … NasdaqGS:LASR Ownership Summary August 1st 18
With An ROE Of 9.24%, Has nLIGHT Inc's (NASDAQ:LASR) Management Done Well?
and want to better understand how you can grow your money by investing in nLIGHT Inc (NASDAQ:LASR). … With an ROE of 9.24%, nLIGHT Inc (NASDAQ:LASR) returned in-line to its own industry which delivered 10.91% over the past year. … I will take you through how metrics such as financial leverage impact ROE which may affect the overall sustainability of LASR's returns.
nLIGHT, Inc. designs, develops, and manufactures semiconductor and fiber lasers used in the industrial, microfabrication, and aerospace and defense markets. The company also produces optical fiber products. It markets and sells its products to original equipment manufacturer primarily through direct sales force in the United States, China, South Korea, Germany, and Finland, as well as through various independent sales representatives and distributors in Asia and Europe. The company was formerly known as nLight Photonics Corporation and changed its name to nLIGHT, Inc. in January 2016. nLIGHT, Inc. was founded in 2000 and is headquartered in Vancouver, Washington.
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