NasdaqGS:LASR

Stock Analysis Report

Executive Summary

nLIGHT, Inc. designs, develops, and manufactures semiconductor and fiber lasers used in the industrial, microfabrication, and aerospace and defense markets.

Snowflake

Fundamentals

Excellent balance sheet with reasonable growth potential.


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


Market Performance


7 Day Return

10.6%

NasdaqGS:LASR

4.1%

US Electronic

1.2%

US Market


1 Year Return

-36.9%

NasdaqGS:LASR

-0.7%

US Electronic

1.7%

US Market

LASR underperformed the Electronic industry which returned -0.7% over the past year.

LASR underperformed the Market in United States of America which returned 1.7% over the past year.


Share holder returns

LASRIndustryMarket
7 Day10.6%4.1%1.2%
30 Day16.3%11.2%4.9%
90 Day-10.9%6.9%3.7%
1 Year-36.9%-36.9%0.2%-0.7%3.9%1.7%
3 Yearn/a58.6%54.2%47.2%37.7%
5 Yearn/a69.0%60.6%60.0%42.4%

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 based on future cash flows and its price relative to the stock market?

120.26x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

nLIGHT's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

nLIGHT's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

nLIGHT is overvalued based on earnings compared to the US Electronic industry average.

nLIGHT is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

nLIGHT is poor value based on expected growth next year.


Price Based on Value of Assets

nLIGHT is overvalued based on assets compared to the US Electronic industry average.


Next Steps

Future Growth

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

108.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

nLIGHT's revenue is expected to grow by 10.7% yearly, however this is not considered high growth (20% yearly).

nLIGHT's earnings are expected to grow significantly at over 20% yearly.

nLIGHT's revenue growth is expected to exceed the United States of America market average.

nLIGHT's earnings growth is expected to exceed the United States of America market average.

nLIGHT's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

nLIGHT is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has nLIGHT performed over the past 5 years?

57.9%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Insufficient data to establish if nLIGHT's year on year earnings growth rate was positive over the past 5 years.

Unable to compare nLIGHT's 1-year earnings growth to the 5-year average due to insufficient past data.

nLIGHT's earnings growth has exceeded the US Electronic industry average in the past year (57.9% vs 49.8%).


Return on Equity

nLIGHT has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

nLIGHT used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if nLIGHT improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is nLIGHT's financial position?


Financial Position Analysis

nLIGHT is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

nLIGHT's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

nLIGHT's level of debt (0%) compared to net worth is satisfactory (less than 40%).

Unable to establish if nLIGHT's debt level has increased without past 5-year debt data.

Debt is well covered by operating cash flow (4733.7%, greater than 20% of total debt).

nLIGHT earns more interest than it pays, coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 2313.7x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate nLIGHT's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate nLIGHT's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as nLIGHT has not reported any payouts.

Unable to verify if nLIGHT's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as nLIGHT has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of nLIGHT's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

What is the CEO of nLIGHT's salary, the management and board of directors tenure and is there insider trading?

12.6yrs

Average management tenure


CEO

Scott Keeney (54yo)

19.2yrs

Tenure

US$2,794,274

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

Scott's remuneration is about average for companies of similar size in United States of America.

Scott's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

12.6yrs

Average Tenure

54yo

Average Age

The average tenure for the nLIGHT management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

5.2yrs

Average Tenure

61yo

Average Age

The tenure for the nLIGHT board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$4,590,00026 Mar 19
Mohr Davidow Ventures
EntityCompany
Shares200,000
Max PriceUS$22.95
SellUS$619,08021 Nov 18
David Osborne
EntityIndividual
Shares33,000
Max PriceUS$18.76

Ownership Breakdown


Management Team

  • Jason Willey

    Senior Director of Investor Relations and Corporate Development

    • Tenure: 0yrs
  • Rob Martinsen (57yo)

    Chief Technology Officer

    • Tenure: 6yrs
    • Compensation: US$1.22m
  • Scott Keeney (54yo)

    Co-Founder

    • Tenure: 19.2yrs
    • Compensation: US$2.79m
  • Jason Farmer

    Co-Founder

    • Tenure: 19.7yrs
  • Bill Willson

    Managing Director of Fiber Division

    • Tenure: 0yrs
    • Compensation: US$109.14k
  • Frank Pfeffer

    Managing Director of Industrial Laser Systems

    • Tenure: 0yrs
  • Ran Bareket (53yo)

    VP & CFO

    • Tenure: 1.7yrs
    • Compensation: US$2.63m
  • Kerry Hill

    VP of Finance & Secretary

    • Tenure: 0yrs
  • David Pickett

    Chief Operating Officer

    • Tenure: 0yrs
  • Matthew Randall

    Vice President of Sales & Marketing

    • Tenure: 0yrs

Board Members

  • Doug Carlisle (61yo)

    Director

    • Tenure: 18.4yrs
    • Compensation: US$53.50k
  • Bandel Carano (57yo)

    Director

    • Tenure: 18.4yrs
    • Compensation: US$12.75k
  • Geoffrey Moore (72yo)

    Director

    • Tenure: 7yrs
    • Compensation: US$55.00k
  • Bill Gossman (57yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: US$132.25k
  • Ray Link (65yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$59.88k
  • Gary Locke (69yo)

    Director

    • Tenure: 2.1yrs
    • Compensation: US$52.75k
  • Scott Keeney (54yo)

    Co-Founder

    • Tenure: 19.2yrs
    • Compensation: US$2.79m

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$619.587m
  • Shares outstanding: 37.69m
  • Website: https://www.nlight.net

Number of Employees


Location

  • nLIGHT, Inc.
  • 5408 Northeast 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 used in the industrial, microfabrication, and aerospace and defense markets. The company also produces optical fiber products ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 01:40
End of Day Share Price2019/09/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.