LightPath Technologies Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate LPTH's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate LPTH's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LPTH?

Key metric: As LPTH is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for LPTH. This is calculated by dividing LPTH's market cap by their current revenue.
What is LPTH's PS Ratio?
PS Ratio	1.8x
Sales	US$32.05m
Market Cap	US$59.10m

LPTH 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	2.1x
Enterprise Value/EBITDA	-18.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does LPTH's PS Ratio compare to its peers?

The above table shows the PS ratio for LPTH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	15.3x
WRAP Wrap Technologies	15.9x	n/a	US$67.4m
LUNA Luna Innovations	0.6x	13.3%	US$64.5m
REFR Research Frontiers	42.6x	n/a	US$62.7m
SNT Senstar Technologies	2x	n/a	US$69.7m
LPTH LightPath Technologies	1.8x	13.9%	US$59.1m

Price-To-Sales vs Peers: LPTH is good value based on its Price-To-Sales Ratio (1.8x) compared to the peer average (15.3x).

Price to Sales Ratio vs Industry

How does LPTH's PS Ratio compare vs other companies in the US Electronic Industry?

32 Companies	Price / Sales	Estimated Growth	Market Cap
SNX TD SYNNEX	0.2x	5.3%	US$10.11b
ARW Arrow Electronics	0.2x	2.7%	US$6.27b
INGM Ingram Micro Holding	0.1x	3.5%	US$5.17b
AVT Avnet	0.2x	3.7%	US$4.73b

32 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: LPTH is good value based on its Price-To-Sales Ratio (1.8x) compared to the US Electronic industry average (2x).

Price to Sales Ratio vs Fair Ratio

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

LPTH PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	1.8x
Fair PS Ratio	0.6x

Price-To-Sales vs Fair Ratio: LPTH is expensive based on its Price-To-Sales Ratio (1.8x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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