NasdaqCM:LPTH

Stock Analysis Report

LightPath Technologies

Executive Summary

LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies.

Snowflake

Fundamentals

Fair value with mediocre balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-7.0%

LPTH

1.1%

US Electronic

1.3%

US Market


1 Year Return

-59.4%

LPTH

10.2%

US Electronic

5.9%

US Market

Return vs Industry: LPTH underperformed the US Electronic industry which returned 10.2% over the past year.

Return vs Market: LPTH underperformed the US Market which returned 5.9% over the past year.


Shareholder returns

LPTHIndustryMarket
7 Day-7.0%1.1%1.3%
30 Day-2.4%-2.5%-1.9%
90 Day-20.2%0.3%-1.8%
1 Year-59.4%-59.4%11.3%10.2%8.3%5.9%
3 Year-54.2%-54.2%52.5%48.2%45.6%36.2%
5 Year-50.7%-50.7%89.0%79.9%66.1%47.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: LPTH ($0.71) is trading below our estimate of fair value ($2.76)

Significantly Undervalued: LPTH is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: LPTH is good value based on its PB Ratio (0.5x) compared to the US Electronic industry average (2x).


Next Steps

Future Growth

How is LightPath Technologies forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

141.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: LPTH's revenue (6.3% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: LPTH's revenue (6.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: LPTH's Return on Equity is forecast to be low in 3 years time (4.1%).


Next Steps

Past Performance

How has LightPath Technologies performed over the past 5 years?

19.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: LPTH is unprofitable, but has reduced losses over the past 5 years at a rate of 19.9% per year.

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

Earnings vs Industry: LPTH is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (58.6%).


Return on Equity

High ROE: LPTH has a negative Return on Equity (-8.01%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: LPTH is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: LPTH is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is LightPath Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: LPTH's short term assets ($19.6M) exceeds its short term liabilities ($6.4M)

Long Term Liabilities: LPTH's short term assets (19.6M) exceeds its long term liabilities (6.2M)


Debt to Equity History and Analysis

Debt Level: LPTH's debt to equity ratio (16.7%) is considered satisfactory

Reducing Debt: LPTH's debt to equity ratio has increased from 2.3% to 16.7% over the past 5 years.

Debt Coverage: LPTH's debt is not well covered by operating cash flow (7.4%).

Interest Coverage: Insufficient data to determine if LPTH's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: LPTH has a high level of physical assets or inventory.

Debt Coverage by Assets: LPTH's debt is covered by short term assets (assets are 3.513100x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate LPTH's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if LPTH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if LPTH'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 LPTH's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

4.7yrs

Average management tenure


CEO

Jim Gaynor (68yo)

11.8yrs

Tenure

US$336,883

Compensation

Mr. J. James Gaynor, also known as Jim, has been the Chief Executive Officer and President of LightPath Technologies Inc. since February 1, 2008. Mr. Gaynor served as an Interim Chief Executive Officer of  ...


CEO Compensation Analysis

Compensation vs. Market: Jim's total compensation ($USD336.88K) is about average for companies of similar size in the US market ($USD495.77K).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.


Management Age and Tenure

4.7yrs

Average Tenure

64yo

Average Age

Experienced Management: LPTH's management team is considered experienced (4.7 years average tenure).


Board Age and Tenure

11.8yrs

Average Tenure

65yo

Average Age

Experienced Board: LPTH's board of directors are seasoned and experienced ( 11.8 years average tenure).


Insider Trading

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


Recent Insider Transactions

BuyUS$4,62613 Jun 19
Steven R. Brueck
EntityIndividual
Role
Chairman of Advisory Board
Chairman of Technical Advisory Board & Independent Director
Shares5,000
Max PriceUS$0.93
BuyUS$3,80010 Jun 19
Steven R. Brueck
EntityIndividual
Role
Chairman of Advisory Board
Chairman of Technical Advisory Board & Independent Director
Shares4,000
Max PriceUS$0.95
BuyUS$51,16110 Jun 19
Robert Ripp
EntityIndividual
Role
Chairman of the Board
Independent Chairman of the Board
Shares51,249
Max PriceUS$1.00
BuyUS$10,00004 Jun 19
Louis Leeburg
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10,000
Max PriceUS$1.00
BuyUS$3,45015 May 19
J. Gaynor
EntityIndividual
Role
Chief Executive Officer
CEO, President & Director
Shares3,000
Max PriceUS$1.15

Ownership Breakdown


Management Team

  • Jim Gaynor (68yo)

    CEO, President & Director

    • Tenure: 11.8yrs
    • Compensation: US$336.88k
  • Al Symmons (47yo)

    Chief Operating Officer

    • Tenure: 4.7yrs
    • Compensation: US$255.47k
  • Donald Retreage (64yo)

    Chief Financial Officer

    • Tenure: 1.3yrs

Board Members

  • Robert Ripp (78yo)

    Independent Chairman of the Board

    • Tenure: 19.9yrs
    • Compensation: US$160.00k
  • Sohail Khan (65yo)

    Independent Director

    • Tenure: 14.7yrs
    • Compensation: US$100.00k
  • Louis Leeburg (65yo)

    Independent Director

    • Tenure: 23.4yrs
    • Compensation: US$104.00k
  • Steve Brueck (75yo)

    Chairman of Technical Advisory Board & Independent Director

    • Tenure: 0yrs
    • Compensation: US$96.00k
  • M. Faris (54yo)

    Independent Director

    • Tenure: 7.8yrs
    • Compensation: US$96.00k
  • Craig Dunham (63yo)

    Independent Director

    • Tenure: 3.5yrs
    • Compensation: US$96.00k
  • Jim Gaynor (68yo)

    CEO, President & Director

    • Tenure: 11.8yrs
    • Compensation: US$336.88k
  • Joseph Menaker (62yo)

    Director

    • Tenure: 0.9yrs

Company Information

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


Key Information

  • Name: LightPath Technologies, Inc.
  • Ticker: LPTH
  • Exchange: NasdaqCM
  • Founded: 1985
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: US$18.337m
  • Shares outstanding: 25.83m
  • Website: https://www.lightpath.com

Number of Employees


Location

  • LightPath Technologies, Inc.
  • 2603 Challenger Tech Court
  • Suite 100
  • Orlando
  • Florida
  • 32826
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LPTHNasdaqCM (Nasdaq Capital Market)YesClass A Common StockUSUSDFeb 1996
LPZBDB (Deutsche Boerse AG)YesClass A Common StockDEEURFeb 1996

Biography

LightPath Technologies, Inc. designs, develops, manufactures, and distributes optical components and assemblies. The company offers precision molded glass aspheric optics, molded and diamond-turned infrare ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:36
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.