Luminar Technologies, Inc.

Consumer Discretionary
Auto Parts:O.E.M.
www.luminartech.com

Safety Score

Market Cap $235.90M
Debt $539.41M
Cash $116.15M
EV $659.16M
FCF -$272.50M

Earnings

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Sales & Net Margins

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Earnings	-$377.32M
EBIT	-$377.33M
ROA	-94%
FCF	-$272.50M
Equity	-$258.01M
Growth Stability	1
PE	-0.63
PB	-0.91
P/FCF	-0.87
P/S	3.14
Price/Cash	0.49
Debt/Equity	-2.09
Debt/FCF	-1.98
Net Margins	-433%
Gross Margins	-80%
Op. Margins	-503%
Sales Growth YoY	-9%
Sales Growth QoQ	-6%
Sales CAGR	45%
Equity CAGR	25%
Earnings Growth YoY	-120%

Earnings Growth QoQ	-121%
Sales CAGR 5Y	59%
Equity CAGR 5Y	11%
Earnings CAGR 3Y	43%
Sales CAGR 3Y	43%
Equity CAGR 3Y	-3%
Market Cap	$235.90M
Revenue	$75.03M
Assets	$403.41M
Total Debt	$539.41M
Cash	$116.15M
Shares Outstanding	30.2M
EV	659.16M
Safety Score	38%
Working Capital	176.19M
Current Ratio	3.01
Gross Profit	-$59.74M
Shares Growth 3y	10%
Equity Growth QoQ	-25%
Equity Growth YoY	56%

Assets & ROA

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Stockholders Equity & ROE

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Luminar Technologies Inc is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering lidar and associated software that meets the industry's stringent performance, safety, and economic requirements. It operates its business through the following segment: (1) Autonomy Solutions and (2) Components. The majority of revenue is earned from the Autonomy Solutions segment.

SEC Filings

Direct access to Luminar Technologies, Inc. (LAZR) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Luminar Technologies, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Luminar Technologies, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

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Luminar Technologies, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Luminar Technologies, Inc..

Years

Calculation mode

= -$2.7B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$273M	-$273M	-$273M	-$273M	-$273M	-$273M	-$273M	-$273M	-$273M	-$273M	-$273M	-$2.7B
DCF		-$248M	-$225M	-$205M	-$186M	-$169M	-$154M	-$140M	-$127M	-$116M	-$105M	-$1.1B
Value	-$2.7B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	-794%	-3K%	-745%	-1K%	-819%	-433%
ROA	2%	-17%	-24%	-64%	-110%	-94%
ROE	-2K%	-248%	-120%	2K%	254%	-

Bad Net Margins (-432.65%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-0.01	-3.93	-2.73	-2.29	-1.98
Debt over Equity	1.72	0	3.08	-23.18	-2.74	-2.09
Growth Stability	-	-	-	-	-	1

Good Debt/FCF ratio (-1.98)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (-2.09)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	11%	129%	27%	71%	59%
Earnings YoY growth	-	269%	-36%	87%	28%	-
Equity YoY growth	-	3K%	33%	-113%	751%	11%
FCF YoY growth	-	-2K%	99%	45%	20%	-