Nlight, Inc. (NASDAQ: LASR)

Sector: Technology Industry: Semiconductors CIK: 0001124796
P/B 8.08
P/E -40.58
P/S 7.76
Market Cap 1.77 Bn
ROIC (Qtr) -19.90
Div Yield % 0.00
Rev 1y % (Qtr) 18.91
Total Debt (Qtr) 31.31 Mn
Debt/Equity (Qtr) 0.14

About

Stock Price Chart

Analysis

Pros

  • Healthy cash reserves of 81.43M provide 35.31x coverage of short-term debt 2.31M, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 285.81M provides 9.13x coverage of total debt 31.31M, indicating robust asset backing and low credit risk.
  • Tangible assets of 285.81M provide exceptional 121.88x coverage of deferred revenue 2.35M, showing strong service capability backing.
  • Short-term investments of 34.68M provide solid 1.63x coverage of other current liabilities 21.33M, indicating strong liquidity.
  • Tangible assets of 285.81M provide robust 13.40x coverage of other current liabilities 21.33M, indicating strong asset backing.

Cons

  • Operating cash flow of (75000) barely covers its investment activities of 20.34M, with a coverage ratio of -0, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of 20.34M provide weak support for R&D spending of 45.30M, which is 0.45x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Operating cash flow of (75000) provides insufficient coverage of deferred revenue obligations of 2.35M, which is -0.03x, raising concerns about future service delivery capabilities.
  • The company's operating cash flow of (75000) shows concerning coverage of stock compensation expenses of 27.79M, with a -0 ratio indicating potential earnings quality issues.
  • Operating cash flow of (75000) provides minimal 0.43x coverage of tax expenses of (174000), suggesting potential tax planning inefficiencies or unsustainable tax positions.

Peer Comparison

Companies in the Semiconductors
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 NVDA Nvidia Corp 4,276.26 Bn 43.11 22.85 10.48 Bn
2 AVGO Broadcom Inc. 1,690.87 Bn 89.31 28.22 64.23 Bn
3 TSM Taiwan Semiconductor Manufacturing Co Ltd 1,514.32 Bn 29.36 12.71 31.18 Bn
4 AMD Advanced Micro Devices Inc 343.27 Bn 103.83 10.72 3.87 Bn
5 MU Micron Technology Inc 269.16 Bn 31.52 7.20 15.28 Bn
6 INTC Intel Corp 249.55 Bn 1,260.33 4.67 46.55 Bn
7 QCOM Qualcomm Inc/De 195.62 Bn 35.30 4.42 14.81 Bn
8 TXN Texas Instruments Inc 163.92 Bn 32.50 9.49 14.05 Bn

Industry Comparisons

Current Valuation

Metric Value Industry Percentile
EV to Assets 5.76 3.95
EV to Cash from Ops. -22,922.02 -331.60
EV to Debt 54.91 86.14
EV to EBIT -38.21 -55.96
EV to EBITDA -55.17 20.88
EV to Free Cash Flow [EV/FCF] -177.40 -4.09
EV to Market Cap 0.97 0.80
EV to Revenue 7.56 18.79
Price to Book Value [P/B] 8.08 5.23
Price to Earnings [P/E] -40.58 12.47

Dividend Metrics

Metric Value Industry Percentile
Dividend Coverage Ratio 0.00 2.29
Dividend Payout Ratio % 0.00 8.00
Dividend per Basic Share 0.00 0.62
FCF Dividend Payout Ratio % 0.00 10.38
Interest Coverage 34.74 8.19

Growth Metrics

Metric Value Industry Percentile
Capex Growth (1y) % -53.46 -155.77
Cash and Equivalents Growth (1y) % 95.21 44.44
Dividend Growth (1y) % 0.00 5.30
EBIAT Growth (1y) % 10.09 34.22
EBITDA Growth (1y) % 11.12 47.50
EBIT Growth (1y) % 8.70 30.14
EBT Growth (1y) % 9.94 47.04
EPS Growth (1y) % 13.59 36.18
FCF Growth (1y) % -123.60 252.76
Gross Profit Growth (1y) % 29.86 43.92

Liquidity Ratios

Metric Value Industry Percentile
Asset Utilization Ratio 0.76 0.49
Cash Payout Ratio 0.00 0.09
Cash Ratio 2.01 2.23
Current Ratio 5.63 5.43
Debt to Equity Ratio 0.14 0.34
Interest Cover Ratio 34.74 8.19
Times Interest Earned 34.74 8.19

Profitability

Metric Value Industry Percentile
EBITDA Margin % -12.60 -112.44
EBIT Margin % -19.77 -92.10
EBT Margin % -19.20 -132.39
Gross Margin % 23.80 47.63
Net Profit Margin % -19.10 -133.41