NasdaqCM:LPTH

Stock Analysis Report

LightPath Technologies

Executive Summary

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

Snowflake

Fundamentals

Reasonable growth potential and fair value.

Risks

  • LightPath Technologies has significant price volatility in the past 3 months.
  • LightPath Technologies is covered by less than 3 analysts.

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

-6.8%

NasdaqCM:LPTH

-1.2%

US Electronic

-1.0%

US Market


1 Year Return

-67.0%

NasdaqCM:LPTH

-6.8%

US Electronic

-0.4%

US Market

LPTH underperformed the Electronic industry which returned -6.8% over the past year.

LPTH underperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

LPTHIndustryMarket
7 Day-6.8%-1.2%-1.0%
30 Day-19.2%-4.8%-3.3%
90 Day-39.5%-0.4%0.8%
1 Year-67.0%-67.0%-5.9%-6.8%1.9%-0.4%
3 Year-66.7%-66.7%43.2%39.3%39.4%30.4%
5 Year-46.4%-46.4%51.4%44.0%54.2%37.1%

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

44%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

LightPath Technologies's share price is below the future cash flow value, and at a moderate discount (> 20%).

LightPath Technologies's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

LightPath Technologies is loss making, we can't compare its value to the US Electronic industry average.

LightPath Technologies is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for LightPath Technologies, we can't assess if its growth is good value.


Price Based on Value of Assets

LightPath Technologies is good value based on assets compared to the US Electronic industry average.


Next Steps

Future Growth

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

171.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

LightPath Technologies's revenue is expected to grow by 12% yearly, however this is not considered high growth (20% yearly).

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

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

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

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


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if LightPath Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has LightPath Technologies performed over the past 5 years?

37.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

LightPath Technologies does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare LightPath Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare LightPath Technologies's 1-year growth to the US Electronic industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if LightPath Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if LightPath Technologies has efficiently used its assets last year compared to the US Electronic industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if LightPath Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is LightPath Technologies's financial position?


Financial Position Analysis

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

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


Debt to Equity History and Analysis

LightPath Technologies's level of debt (16.3%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (0% vs 16.3% today).

Operating cash flow is negative therefore debt is not well covered.

Unable to confirm if the interest payments on LightPath Technologies's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 3.3x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

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

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

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

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

4.5yrs

Average management tenure


CEO

Jim Gaynor (68yo)

11.6yrs

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

Jim's remuneration is lower than average for companies of similar size in United States of America.

Jim's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.5yrs

Average Tenure

64yo

Average Age

The tenure for the LightPath Technologies management team is about average.


Board Age and Tenure

11.6yrs

Average Tenure

65yo

Average Age

The average tenure for the LightPath Technologies board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

More shares have been bought than sold by LightPath Technologies individual insiders in the past 3 months.


Recent Insider Transactions

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

Ownership Breakdown


Management Team

  • Jim Gaynor (68yo)

    CEO, President & Director

    • Tenure: 11.6yrs
    • Compensation: $336.88k
  • Al Symmons (47yo)

    Chief Operating Officer

    • Tenure: 4.5yrs
    • Compensation: $255.47k
  • Donald Retreage (64yo)

    Chief Financial Officer

    • Tenure: 1.2yrs

Board Members

  • Robert Ripp (78yo)

    Chairman of the Board

    • Tenure: 19.8yrs
    • Compensation: $160.00k
  • Sohail Khan (65yo)

    Independent Director

    • Tenure: 14.5yrs
    • Compensation: $100.00k
  • Louis Leeburg (65yo)

    Independent Director

    • Tenure: 23.3yrs
    • Compensation: $104.00k
  • Steve Brueck (75yo)

    Chairman of Technical Advisory Board & Independent Director

    • Compensation: $96.00k
  • M. Faris (54yo)

    Independent Director

    • Tenure: 7.7yrs
    • Compensation: $96.00k
  • Craig Dunham (63yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: $96.00k
  • Jim Gaynor (68yo)

    CEO, President & Director

    • Tenure: 11.6yrs
    • Compensation: $336.88k
  • Joseph Menaker (62yo)

    Director

    • Tenure: 0.8yrs

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$17.559m
  • Shares outstanding: 25.81m
  • Website: Click here

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 Analysis2019/08/17 23:38
End of Day Share Price2019/08/16 00:00
Earnings2019/03/31
Annual Earnings2018/06/30


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.