LUMENTUM HOLDINGS INC. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 44.61 USD | +1.39% |
|
+7.75% | -14.90% |
| May. 07 | Barclays Adjusts Price Target on Lumentum to $38 From $40, Maintains Underweight Rating | MT |
| May. 07 | UBS Adjusts Lumentum Holdings Price Target to $51 From $52, Maintains Neutral Rating | MT |
Valuation
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 4,159 | 6,003 | 6,374 | 5,370 | 3,897 | 3,016 | - | - |
| Enterprise Value (EV) 1 | 4,231 | 5,581 | 5,609 | 4,697 | 3,897 | 4,711 | 4,589 | 4,326 |
| P/E ratio | -101 x | 45.8 x | 16.6 x | 29 x | -29.4 x | -7.99 x | -13.9 x | -67 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 2.66 x | 3.58 x | 3.66 x | 3.14 x | 2.21 x | 2.23 x | 1.98 x | 1.53 x |
| EV / Revenue | 2.7 x | 3.32 x | 3.22 x | 2.74 x | 2.21 x | 3.48 x | 3.01 x | 2.19 x |
| EV / EBITDA | 9.99 x | 9.96 x | 9.03 x | 7.72 x | 9.03 x | 33.1 x | 20 x | 10.4 x |
| EV / FCF | 25.8 x | 12.7 x | 8.71 x | 12.8 x | - | -319 x | 43.6 x | 13.2 x |
| FCF Yield | 3.88% | 7.85% | 11.5% | 7.84% | - | -0.31% | 2.29% | 7.58% |
| Price to Book | 2.61 x | 3.44 x | 3.11 x | 2.82 x | - | 2.62 x | 2.66 x | 2.37 x |
| Nbr of stocks (in thousands) | 76,349 | 74,874 | 75,900 | 69,000 | 68,700 | 67,600 | - | - |
| Reference price 2 | 54.47 | 80.18 | 83.98 | 77.82 | 56.73 | 44.61 | 44.61 | 44.61 |
| Announcement Date | 8/8/19 | 8/11/20 | 8/18/21 | 8/16/22 | 8/17/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,565 | 1,679 | 1,743 | 1,713 | 1,767 | 1,354 | 1,525 | 1,973 |
| EBITDA 1 | 423.5 | 560.1 | 621 | 608.6 | 431.7 | 142.2 | 229.5 | 416 |
| EBIT 1 | 320.6 | 446.8 | 536.1 | 527 | 339.2 | 34.77 | 127.4 | 294 |
| Operating Margin | 20.48% | 26.62% | 30.76% | 30.77% | 19.2% | 2.57% | 8.35% | 14.9% |
| Earnings before Tax (EBT) 1 | -33.3 | 174.3 | 463.1 | 235.1 | -102.4 | -356.8 | -195.9 | -40 |
| Net income 1 | -37.9 | 135.5 | 397.3 | 198.9 | -131.6 | -369.3 | -220.3 | -44.88 |
| Net margin | -2.42% | 8.07% | 22.8% | 11.61% | -7.45% | -27.27% | -14.45% | -2.27% |
| EPS 2 | -0.5400 | 1.750 | 5.070 | 2.680 | -1.930 | -5.582 | -3.220 | -0.6655 |
| Free Cash Flow 1 | 164.1 | 438.3 | 643.9 | 368.1 | - | -14.75 | 105.2 | 328 |
| FCF margin | 10.48% | 26.11% | 36.95% | 21.49% | - | -1.09% | 6.9% | 16.62% |
| FCF Conversion (EBITDA) | 38.75% | 78.25% | 103.69% | 60.48% | - | - | 45.82% | 78.84% |
| FCF Conversion (Net income) | - | 323.47% | 162.07% | 185.07% | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 8/8/19 | 8/11/20 | 8/18/21 | 8/16/22 | 8/17/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: July | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | 2025 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 446.7 | 395.4 | 422.1 | 506.8 | 506 | 383.4 | 370.8 | 317.6 | 366.8 | 366.5 | 303.7 | 316.4 | 359 | 396.5 | 443 |
| EBITDA 1 | 162.4 | 125.1 | 142 | 161.9 | 133.4 | 77 | 59.4 | 34.6 | 39 | 41 | 22.93 | 27.55 | 43.6 | 57.1 | 84.35 |
| EBIT 1 | 141.6 | 104.9 | 121.6 | 137.4 | 116.7 | 51.4 | 33.7 | 10.6 | 13 | 15 | -2.969 | 3.54 | 21.94 | 40.39 | 60.34 |
| Operating Margin | 31.7% | 26.53% | 28.81% | 27.11% | 23.06% | 13.41% | 9.09% | 3.34% | 3.54% | 4.09% | -0.98% | 1.12% | 6.11% | 10.19% | 13.62% |
| Earnings before Tax (EBT) 1 | 69.1 | 29.3 | 37.1 | 18.8 | -27.1 | -48.7 | -45.4 | -69.3 | -101.5 | -107.4 | -56.2 | -41.7 | -25.1 | -3.1 | 11.5 |
| Net income 1 | 56.7 | 26 | 34.7 | -0.4 | -31.7 | -39.3 | -60.2 | -67.9 | -99.1 | -127 | -74.89 | -67.42 | -62.44 | -48.47 | -18.88 |
| Net margin | 12.69% | 6.58% | 8.22% | -0.08% | -6.26% | -10.25% | -16.24% | -21.38% | -27.02% | -34.65% | -24.66% | -21.31% | -17.39% | -12.23% | -4.26% |
| EPS 2 | 0.7500 | 0.3500 | 0.4900 | -0.0100 | -0.4600 | -0.5700 | -0.8800 | -1.020 | -1.470 | -1.880 | -1.210 | -1.085 | -0.9137 | -0.7093 | -0.2792 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/3/22 | 5/4/22 | 8/16/22 | 11/8/22 | 2/9/23 | 5/9/23 | 8/17/23 | 11/8/23 | 2/8/24 | 5/6/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 72.4 | - | - | - | - | 1,695 | 1,574 | 1,311 |
| Net Cash position 1 | - | 423 | 766 | 673 | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.171 x | - | - | - | - | 11.92 x | 6.857 x | 3.151 x |
| Free Cash Flow 1 | 164 | 438 | 644 | 368 | - | -14.8 | 105 | 328 |
| ROE (net income / shareholders' equity) | 25.2% | 25.9% | 26.6% | 23.3% | - | 5.4% | 10.1% | 21.1% |
| ROA (Net income/ Total Assets) | 14.2% | 14% | 14.5% | 11.6% | - | 1.6% | 3.22% | 6.69% |
| Assets 1 | -267.2 | 968.2 | 2,747 | 1,708 | - | -23,040 | -6,853 | -670.8 |
| Book Value Per Share 2 | 20.90 | 23.30 | 27.00 | 27.60 | - | 17.00 | 16.80 | 18.80 |
| Cash Flow per Share 2 | - | - | - | - | - | 5.240 | 0.0300 | 4.270 |
| Capex 1 | 166 | 86 | 94.8 | 91.2 | - | 137 | 121 | 131 |
| Capex / Sales | 10.6% | 5.12% | 5.44% | 5.33% | - | 10.13% | 7.92% | 6.65% |
| Announcement Date | 8/8/19 | 8/11/20 | 8/18/21 | 8/16/22 | 8/17/23 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
44.61
USD
Average target price
54.44
USD
Spread / Average Target
+22.03%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -14.90% | 3.02B | |
| -3.11% | 198B | |
| +33.18% | 98.29B | |
| +57.41% | 65.37B | |
| +15.32% | 60.22B | |
| +32.18% | 32.64B | |
| +19.82% | 21.85B | |
| +46.51% | 17.99B | |
| -1.89% | 19.07B | |
| +8.35% | 17.71B |
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