AEye (NasdaqCM:LIDR) - Share price, News & Analysis

LIDR fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	2/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

LIDR Stock Overview

AEye, Inc. provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia.

Rewards

Trading at 80.3% below our estimate of its fair value

Revenue is forecast to grow 68.26% per year

Revenue grew by 115.5% over the past year

Risk Analysis

Highly volatile share price over the past 3 months

Currently unprofitable and not forecast to become profitable over the next 3 years

Significant insider selling over the past 3 months

Does not have meaningful revenue ($4M)

AEye Competitors

Price History & Performance

Summary of all time highs, changes and price drops for AEye
Historical stock prices
Current Share Price	US$2.33
52 Week High	US$12.25
52 Week Low	US$2.22
Beta	0
1 Month Change	-54.93%
3 Month Change	-55.96%
1 Year Change	-76.68%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	n/a

Shareholder Returns

	LIDR	US Electronic	US Market
7D	-21.8%	3.0%	4.0%
1Y	-76.7%	-20.9%	-20.5%

Return vs Industry: LIDR underperformed the US Electronic industry which returned -20.9% over the past year.

Return vs Market: LIDR underperformed the US Market which returned -20.5% over the past year.

Price Volatility

Is LIDR's price volatile compared to industry and market?
LIDR volatility
LIDR Average Weekly Movement	16.7%
Electronic Industry Average Movement	7.4%
Market Average Movement	7.9%
10% most volatile stocks in US Market	16.5%
10% least volatile stocks in US Market	3.1%

Stable Share Price: LIDR is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 17% a week.

Volatility Over Time: LIDR's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

Founded	Employees	CEO	Website
2013	100	Blair LaCorte	https://www.aeye.ai

AEye, Inc. provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia. It offers 4Sight A, a software-configurable lidar solution for automotive markets, including 4Sight at Design, Triggered 4Sight, or Responsive 4Sight software levels; and 4Sight M, a software-configurable lidar solution for the mobility and industrial markets, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight software levels. The company was formerly known as US LADAR, Inc. and changed its name to AEye, Inc. in March 2016.

AEye Fundamentals Summary

How do AEye's earnings and revenue compare to its market cap?
LIDR fundamental statistics
Market Cap	US$366.64m
Earnings (TTM)	-US$78.38m
Revenue (TTM)	US$3.76m

97.5x

P/S Ratio

-4.7x

P/E Ratio

Is LIDR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
LIDR income statement (TTM)
Revenue	US$3.76m
Cost of Revenue	US$4.50m
Gross Profit	-US$742.00k
Other Expenses	US$77.64m
Earnings	-US$78.38m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-0.50
Gross Margin	-19.73%
Net Profit Margin	-2,084.65%
Debt/Equity Ratio	0%

How did LIDR perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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 LIDR?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for LIDR. This is calculated by dividing LIDR's market cap by their current preferred multiple.
What is LIDR's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	US$366.64m

LIDR 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/Revenue	64.5x
Enterprise Value/EBITDA	-3.2x
PEG Ratio	n/a

Price to Book Ratio vs Peers

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

LIDR PB Ratio vs Peers

The above table shows the PB ratio for LIDR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PB	Estimated Growth	Market Cap
Peer Average	2.1x

Price-To-Book vs Peers: LIDR is expensive based on its Price-To-Book Ratio (2.5x) compared to the peer average (2.1x).

Price to Earnings Ratio vs Industry

How does LIDR's PE Ratio compare vs other companies in the U.S. Electronic Industry?

Price-To-Book vs Industry: LIDR is expensive based on its Price-To-Book Ratio (2.5x) compared to the US Electronic industry average (1.9x)

Price to Book Ratio vs Fair Ratio

What is LIDR'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.

LIDR PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	2.5x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate LIDR's Price-To-Book Fair Ratio for valuation analysis.

Share Price vs Fair Value

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

Below Fair Value: LIDR ($2.33) is trading below our estimate of fair value ($11.81)

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

Price to Earnings Growth Ratio

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

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Future Growth

How is AEye forecast to perform in the next 1 to 3 years based on estimates from 3 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

70.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: LIDR's revenue (68.3% per year) is forecast to grow faster than the US market (8.3% per year).

High Growth Revenue: LIDR's revenue (68.3% 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 LIDR's Return on Equity is forecast to be high in 3 years time

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Past Performance

How has AEye 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

-146.1%

Last years earnings growth

Earnings and Revenue History

Quality Earnings: LIDR is currently unprofitable.

Growing Profit Margin: LIDR is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if LIDR's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: LIDR is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (33%).

Return on Equity

High ROE: LIDR has a negative Return on Equity (-53.23%), as it is currently unprofitable.

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Financial Health

How is AEye's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: LIDR's short term assets ($152.9M) exceed its short term liabilities ($12.8M).

Long Term Liabilities: LIDR's short term assets ($152.9M) exceed its long term liabilities ($17.8M).

Debt to Equity History and Analysis

Debt Level: LIDR is debt free.

Reducing Debt: LIDR had no debt 5 years ago.

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: LIDR has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: LIDR has sufficient cash runway for 1.8 years if free cash flow continues to reduce at historical rates of 45.2% each year.

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Dividend

What is AEye 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

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if LIDR'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 LIDR has not reported any payouts.

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Management

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

1.3yrs

Average management tenure

CEO

Blair LaCorte (56 yo)

1.67yrs

Tenure

US$6,226,700

Compensation

Mr. Blair B. LaCorte serves as Chief Executive Officer of AEye, Inc. since October 2020 and also serves as its Director. He had been the President of AEye, Inc., since December 12, 2018 and served as its C...

CEO Compensation Analysis

Compensation vs Market: Blair's total compensation ($USD6.23M) is above average for companies of similar size in the US market ($USD2.71M).

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

Leadership Team

Experienced Management: LIDR's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Experienced Board: LIDR's board of directors are not considered experienced ( 0.8 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: LIDR insiders have only sold shares in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/06/24 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31