LUMENTUM HOLDINGS INC (LITE)
US55024U1097 - Common Stock
Taking everything into account, LITE scores 2 out of 10 in our fundamental rating. LITE was compared to 54 industry peers in the Communications Equipment industry. LITE may be in some trouble as it scores bad on both profitability and health. LITE has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year LITE was profitable.
In the past year LITE had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: LITE reported negative net income in multiple years.
LITE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of -5.72%, LITE perfoms like the industry average, outperforming 42.59% of the companies in the same industry.
LITE has a Return On Equity of -20.86%. This is in the lower half of the industry: LITE underperforms 64.81% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.72% | ||
| ROE | -20.86% | ||
| ROIC | N/A |
ROA(3y)4.37%
ROA(5y)3.17%
ROE(3y)7.01%
ROE(5y)5.25%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
LITE has a worse Gross Margin (23.79%) than 88.89% of its industry peers.
In the last couple of years the Gross Margin of LITE has remained more or less at the same level.
The Profit Margin and Operating Margin are not available for LITE so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 23.79% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.97%
GM growth 5Y-1.44%
2. Health
2.1 Basic Checks
LITE does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, LITE has less shares outstanding
LITE has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, LITE has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 0.83, we must say that LITE is in the distress zone and has some risk of bankruptcy.
LITE has a Altman-Z score of 0.83. This is comparable to the rest of the industry: LITE outperforms 53.70% of its industry peers.
A Debt/Equity ratio of 1.96 is on the high side and indicates that LITE has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.96, LITE is doing worse than 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.96 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.83 |
ROIC/WACCN/A
WACC7.26%
2.3 Liquidity
A Current Ratio of 3.13 indicates that LITE has no problem at all paying its short term obligations.
LITE's Current ratio of 3.13 is fine compared to the rest of the industry. LITE outperforms 75.93% of its industry peers.
A Quick Ratio of 2.42 indicates that LITE has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.42, LITE is in the better half of the industry, outperforming 74.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.13 | ||
| Quick Ratio | 2.42 |
3. Growth
3.1 Past
The earnings per share for LITE have decreased strongly by -65.76% in the last year.
Measured over the past 5 years, LITE shows a small growth in Earnings Per Share. The EPS has been growing by 3.51% on average per year.
LITE shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -21.40%.
The Revenue has been growing slightly by 7.21% on average over the past years.
EPS 1Y (TTM)-65.76%
EPS 3Y-5.61%
EPS 5Y3.51%
EPS growth Q2Q-78.95%
Revenue 1Y (TTM)-21.4%
Revenue growth 3Y1.73%
Revenue growth 5Y7.21%
Revenue growth Q2Q-27.51%
3.2 Future
LITE is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -3.01% yearly.
LITE is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.79% yearly.
EPS Next Y-75.68%
EPS Next 2Y-26.24%
EPS Next 3Y-3.01%
EPS Next 5YN/A
Revenue Next Year-21.64%
Revenue Next 2Y-3.19%
Revenue Next 3Y2.79%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
LITE is valuated rather expensively with a Price/Earnings ratio of 20.90.
Compared to the rest of the industry, the Price/Earnings ratio of LITE is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 25.20, LITE is valued at the same level.
The Price/Forward Earnings ratio is 16.97, which indicates a correct valuation of LITE.
LITE's Price/Forward Earnings is on the same level as the industry average.
LITE is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 21.60, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.9 | ||
| Fwd PE | 16.97 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
A cheap valuation may be justified as LITE's earnings are expected to decrease with -3.01% in the coming years.
PEG (NY)N/A
PEG (5Y)5.96
EPS Next 2Y-26.24%
EPS Next 3Y-3.01%
5. Dividend
5.1 Amount
No dividends for LITE!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
LUMENTUM HOLDINGS INC
NASDAQ:LITE (4/23/2024, 7:10:34 PM)
After market: 42.01 0 (0%)42.01
+0.67 (+1.62%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap2.83B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.9 | ||
| Fwd PE | 16.97 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)5.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.72% | ||
| ROE | -20.86% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 23.79% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.31
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.96 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.13 | ||
| Quick Ratio | 2.42 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-65.76%
EPS 3Y-5.61%
EPS 5Y
EPS growth Q2Q
EPS Next Y-75.68%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-21.4%
Revenue growth 3Y1.73%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y