Velodyne Lidar (NasdaqGS:VLDR) - Share price, News & Analysis

VLDR fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	2/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

VLDR Stock Overview

Velodyne Lidar, Inc. provides real-time 3D vision for autonomous systems worldwide.

Rewards

Trading at 43.6% below our estimate of its fair value

Revenue is forecast to grow 41.38% per year

Risk Analysis

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

Volatile share price over the past 3 months

Significant insider selling over the past 3 months

Shareholders have been diluted in the past year

Velodyne Lidar Competitors

AEye

NasdaqCM:LIDR

US$881.2m

Aeva Technologies

NYSE:AEVA

US$693.4m

MicroVision

NasdaqGM:MVIS

US$510.5m

Innoviz Technologies

NasdaqCM:INVZ

US$500.7m

Price History & Performance

Summary of all time highs, changes and price drops for Velodyne Lidar
Historical stock prices
Current Share Price	US$1.74
52 Week High	US$12.79
52 Week Low	US$1.42
Beta	1.01
1 Month Change	-16.35%
3 Month Change	-59.44%
1 Year Change	-83.86%
3 Year Change	-82.49%
5 Year Change	n/a
Change since IPO	-81.72%

Recent News & Updates

May 09

Newsflash: Velodyne Lidar, Inc. (NASDAQ:VLDR) Analysts Have Been Trimming Their Revenue Forecasts

Today is shaping up negative for Velodyne Lidar, Inc. ( NASDAQ:VLDR ) shareholders, with the analysts delivering a...

Shareholder Returns

	VLDR	US Electronic	US Market
7D	10.1%	3.8%	2.7%
1Y	-83.9%	-9.4%	-8.1%

Return vs Industry: VLDR underperformed the US Electronic industry which returned -13.4% over the past year.

Return vs Market: VLDR underperformed the US Market which returned -10.8% over the past year.

Price Volatility

Is VLDR's price volatile compared to industry and market?
VLDR volatility
VLDR Average Weekly Movement	13.6%
Electronic Industry Average Movement	7.8%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.9%
10% least volatile stocks in US Market	2.9%

Stable Share Price: VLDR is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: VLDR's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

Founded	Employees	CEO	Website
1983	407	Ted Tewksbury	https://www.velodynelidar.com

Velodyne Lidar, Inc. provides real-time 3D vision for autonomous systems worldwide. It offers surround-view lidar for autonomous vehicles, drones, security, mobile robots, and mapping applications; and solid state lidar for advanced driver assistance systems and autonomous applications. The company also provides Vella Development Kit that provides access to lidar-based perception software paired with sensors; Intelligent Infrastructure Solution for monitoring traffic networks and public spaces to generate real-time data analytics and predictions for enhancing traffic and crowd flow efficiency; and Vella software solution, a data curation software platform.

Velodyne Lidar Fundamentals Summary

How do Velodyne Lidar's earnings and revenue compare to its market cap?
VLDR fundamental statistics
Market Cap	US$355.61m
Earnings (TTM)	-US$220.54m
Revenue (TTM)	US$50.38m

7.2x

P/S Ratio

-1.6x

P/E Ratio

Is VLDR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
VLDR income statement (TTM)
Revenue	US$50.38m
Cost of Revenue	US$67.49m
Gross Profit	-US$17.11m
Other Expenses	US$203.43m
Earnings	-US$220.54m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-1.06
Gross Margin	-33.97%
Net Profit Margin	-437.77%
Debt/Equity Ratio	0%

How did VLDR perform over the long term?

See historical performance and comparison

Valuation

Is Velodyne Lidar undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

43.6%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: VLDR ($1.74) is trading below our estimate of fair value ($3.09)

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

Price To Earnings Ratio

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

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

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: VLDR is good value based on its PB Ratio (1.4x) compared to the US Electronic industry average (1.8x).

Future Growth

How is Velodyne Lidar forecast to perform in the next 1 to 3 years based on estimates from 7 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

24.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: VLDR's revenue (41.4% per year) is forecast to grow faster than the US market (7.9% per year).

High Growth Revenue: VLDR's revenue (41.4% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: VLDR is forecast to be unprofitable in 3 years.

Past Performance

How has Velodyne Lidar 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

-46.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: VLDR is currently unprofitable.

Growing Profit Margin: VLDR is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: VLDR is unprofitable, and losses have increased over the past 5 years at a rate of 46.1% per year.

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

Earnings vs Industry: VLDR is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (37.6%).

Return on Equity

High ROE: VLDR has a negative Return on Equity (-84.94%), as it is currently unprofitable.

Financial Health

How is Velodyne Lidar'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: VLDR's short term assets ($289.6M) exceed its short term liabilities ($45.4M).

Long Term Liabilities: VLDR's short term assets ($289.6M) exceed its long term liabilities ($27.8M).

Debt to Equity History and Analysis

Debt Level: VLDR is debt free.

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

Forecast Cash Runway: VLDR has sufficient cash runway for 2.2 years if free cash flow continues to reduce at historical rates of 27.7% each year.

Dividend

What is Velodyne Lidar 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

14.37%

Forecast Dividend Yield

Dividend Yield vs Market

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

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

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

Next Steps

Explore strong dividend paying companies in the Tech industry.

Management

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

1.2yrs

Average management tenure

CEO

Ted Tewksbury (65 yo)

0.50

Tenure

US$1,996,405

Compensation

Dr. Theodore L. Tewksbury, III, also known as Ted, Ph D., is Chief Executive Officer and Director of Velodyne Lidar, Inc. since November 10, 2021. Dr. Tewksbury served as the Chief Executive Officer, Chai...

CEO Compensation Analysis

Compensation vs Market: Ted's total compensation ($USD2.00M) is about average for companies of similar size in the US market ($USD2.62M).

Compensation vs Earnings: Insufficient data to compare Ted's compensation with company performance.

Leadership Team

Experienced Management: VLDR's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.

Board Members

Experienced Board: VLDR'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: VLDR insiders have sold more shares than they have bought in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.6%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/17 00:00
End of Day Share Price	2022/05/17 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31