NasdaqGS:LASR

Stock Analysis Report

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Executive Summary

nLIGHT, Inc. designs, develops, and manufactures semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. More Details


Snowflake Analysis

Mediocre balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has nLIGHT's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LASR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.7%

LASR

-3.0%

US Electronic

-1.9%

US Market


1 Year Return

51.4%

LASR

1.9%

US Electronic

13.1%

US Market

Return vs Industry: LASR exceeded the US Electronic industry which returned 1.9% over the past year.

Return vs Market: LASR exceeded the US Market which returned 13.1% over the past year.


Shareholder returns

LASRIndustryMarket
7 Day0.7%-3.0%-1.9%
30 Day3.8%-3.1%-2.9%
90 Day9.3%5.9%8.2%
1 Year51.4%51.4%3.0%1.9%15.7%13.1%
3 Yearn/a14.9%11.6%38.4%29.1%
5 Yearn/a78.6%70.4%89.3%68.0%

Price Volatility Vs. Market

How volatile is nLIGHT's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is nLIGHT undervalued compared to its fair value and its price relative to the market?

42.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LASR ($23.11) is trading below our estimate of fair value ($40.09)

Significantly Below Fair Value: LASR is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: LASR is unprofitable, so we can't compare its PE Ratio to the US Electronic industry average.

PE vs Market: LASR is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LASR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LASR is overvalued based on its PB Ratio (4.2x) compared to the US Electronic industry average (1.9x).


Next Steps

Future Growth

How is nLIGHT forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

35.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LASR is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: LASR is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: LASR is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: LASR's revenue (12% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: LASR's revenue (12% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LASR is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has nLIGHT performed over the past 5 years?

-43.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LASR is currently unprofitable.

Growing Profit Margin: LASR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LASR is unprofitable, and losses have increased over the past 5 years at a rate of 43.5% per year.

Accelerating Growth: Unable to compare LASR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: LASR is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-18%).


Return on Equity

High ROE: LASR has a negative Return on Equity (-12.21%), as it is currently unprofitable.


Next Steps

Financial Health

How is nLIGHT's financial position?


Financial Position Analysis

Short Term Liabilities: LASR's short term assets ($205.3M) exceed its short term liabilities ($37.2M).

Long Term Liabilities: LASR's short term assets ($205.3M) exceed its long term liabilities ($32.9M).


Debt to Equity History and Analysis

Debt Level: LASR's debt to equity ratio (7.1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if LASR'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: Insufficient data to determine if LASR has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if LASR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is nLIGHT current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate LASR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate LASR'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 LASR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if LASR's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of LASR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.8yrs

Average management tenure


CEO

Scott Keeney (55 yo)

20.17yrs

Tenure

US$3,112,697

Compensation

Mr. Scott H. Keeney founded nLIGHT, Inc. (formerly, nLIGHT Corporation) in July 2000 and serves as its Chief Executive Officer, President and Director since July 2000. Mr. Keeney has been Chairman of nLIGH ...


CEO Compensation Analysis

Compensation vs Market: Scott's total compensation ($USD3.11M) is about average for companies of similar size in the US market ($USD3.02M).

Compensation vs Earnings: Scott's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Scott Keeney
Co-Founder20.17yrsUS$3.11m0.96%
$ 8.6m
Ran Bareket
VP & CFO2.67yrsUS$2.09m0.41%
$ 3.7m
Robert Martinsen
Chief Technology Officer7yrsUS$968.72k0.088%
$ 789.6k
Jason Farmer
Co-Founder20.67yrsno datano data
David Pickett
Chief Operating Officerno datano datano data
Joe Corso
Vice President of Corporate Development & IR0.67yrno datano data
Meredith Weisshaar
VP & General Counsel1.42yrsno datano data
Matthew Randall
Vice President of Sales & Marketingno datano datano data
Frank Pfeffer
Managing Director of Industrial Laser Systemsno datano datano data
Bill Willson
Managing Director of Fiber Divisionno dataUS$109.14kno data
Kerry Hill
VP of Finance & Secretaryno dataUS$254.95kno data
Joseph DeBartolo
VP & General Managerno datano datano data

4.8yrs

Average Tenure

55yo

Average Age

Experienced Management: LASR's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Scott Keeney
Co-Founder20.17yrsUS$3.11m0.96%
$ 8.6m
Douglas Carlisle
Independent Director19.42yrsUS$58.00k0.59%
$ 5.3m
Bandel Carano
Independent Director19.42yrsUS$56.40k0.0054%
$ 48.4k
Geoffrey Moore
Independent Director8yrsUS$60.00k0.016%
$ 142.2k
William Gossman
Director4.33yrsUS$59.00k0.018%
$ 157.7k
Raymond Link
Lead Independent Directorno dataUS$66.50k0.16%
$ 1.4m
Gary Locke
Independent Director3.08yrsUS$57.00k0.015%
$ 136.7k

6.2yrs

Average Tenure

62yo

Average Age

Experienced Board: LASR's board of directors are considered experienced (6.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.1%.


Top Shareholders

Company Information

nLIGHT, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: nLIGHT, Inc.
  • Ticker: LASR
  • Exchange: NasdaqGS
  • Founded: 2000
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: US$898.376m
  • Shares outstanding: 38.87m
  • Website: https://www.nlight.net

Number of Employees


Location

  • nLIGHT, Inc.
  • 5408 NE 88th Street
  • Building E
  • Vancouver
  • Washington
  • 98665
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LASRNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 2018

Biography

nLIGHT, Inc. designs, develops, and manufactures semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. The company operates in two segments, Laser Product ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/24 06:36
End of Day Share Price2020/09/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.