Company Valuation: Luminar Technologies, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 11,014 6,114 1,796 1,384 179.1 6.229
Change - -44.49% -70.63% -22.95% -87.05% -96.52%
Enterprise Value (EV) 1 10,529 5,941 1,942 1,754 531.1 100
Change - -43.57% -67.32% -9.65% -69.73% -81.17%
P/E -13.4x -24.5x -3.95x -2.29x -0.62x -0.01x
PBR 74x 29.7x -68.8x -6.3x -1.01x -0.01x
PEG - 0.3x -0x -0.1x 0x 0x
Capitalization / Revenue 789x 191x 44.1x 19.8x 2.38x 0.09x
EV / Revenue 755x 186x 47.7x 25.1x 7.04x 1.51x
EV / EBITDA -125x -28.2x -4.47x -3.37x -1.35x -0.41x
EV / EBIT -121x -27.7x -4.4x -3.26x -1.28x -0.39x
EV / FCF -233x -85.7x -34.2x -14.2x -4.51x -0.72x
FCF Yield -0.43% -1.17% -2.93% -7.05% -22.2% -139%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -38.15 -10.35 -18.78 -22.05 -8.7 -6.334
Distribution rate - - - - - -
Net sales 1 13.95 31.94 40.7 69.78 75.4 66.01
EBITDA 1 -84.36 -210.5 -434.4 -521.2 -393.4 -241.4
EBIT 1 -86.88 -214.6 -441 -538.6 -414.2 -258.1
Net income 1 -362.3 -238 -445.9 -571.3 -273.1 -366.3
Net Debt 1 -484.5 -172.6 146.3 370.8 352 93.78
Reference price 2 509.9997 253.6499 74.2500 50.5500 5.3800 0.0800
Nbr of stocks (in thousands) 21,596 24,104 24,184 27,371 33,296 77,859
Announcement Date 4/14/21 3/1/22 2/28/23 2/28/24 3/28/25 3/27/26
1USD in Million2USD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.41M
20.36x1.38x10.65x1.85% 43.16B
12.21x0.65x5.44x3.73% 32.52B
15.38x0.62x4.58x3.79% 31.45B
10x0.61x7.95x1.47% 28.5B
13.87x2.53x8.88x4.25% 20.54B
10.91x0.51x5x3% 17.98B
11.93x1.05x5.95x4.2% 16.28B
27.56x1.09x11.42x0.59% 15.65B
26.23x2.42x14.42x1.16% 12.45B
Average 16.49x 1.21x 8.25x 2.67% 21.85B
Weighted average by Cap. 15.91x 1.11x 7.94x 2.73%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Luminar Technologies, Inc.