Luminar Technologies (LAZR)
Market Price (9/18/2025): $2.4 | Market Cap: $117.8 MilSector: Consumer Discretionary | Industry: Automotive Parts & Equipment
Luminar Technologies (LAZR)
Market Price (9/18/2025): $2.4Market Cap: $117.8 MilSector: Consumer DiscretionaryIndustry: Automotive Parts & Equipment
Investment Highlights
Weak multi-year price returns2Y Excs Rtn is -145%, 3Y Excs Rtn is -159% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -282 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -389% | |
Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 292% | ||
Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.2%, Rev Chg QQuarterly Revenue Change % is -5.0% | ||
Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -297%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -303% | ||
Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -107% | ||
High stock price volatilityVol 12M is 118% | ||
Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 24% |
Weak multi-year price returns2Y Excs Rtn is -145%, 3Y Excs Rtn is -159% |
Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -282 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -389% |
Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 292% |
Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.2%, Rev Chg QQuarterly Revenue Change % is -5.0% |
Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -297%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -303% |
Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -107% |
High stock price volatilityVol 12M is 118% |
Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 24% |
Market Valuation
9/18/25 | 2024 | 2023 | 2022 | 2021 | |
---|---|---|---|---|---|
Share Price CYE | $2.40 | $5.38 | $50.55 | $74.25 | $253.65 |
Market Cap CYE ($ Mil) | 117.8 | 188.3 | 1,376.2 | 1,799.0 | 6,081.3 |
Total Debt ($ Mil) | 451.7 | 534.6 | 660.7 | 635.1 | 619.5 |
Total Cash ($ Mil) | 107.6 | 182.7 | 289.8 | 488.9 | 792.1 |
Enterprise Value ($ Mil) | 461.8 | 722.9 | 2,036.9 | 2,434.1 | 6,700.8 |
Valuation Ratios | |||||
P/S TTM | 1.6 | 2.2 | 18.8 | 43.3 | 183.3 |
P/EBIT TTM | -1.6 | -0.7 | -2.4 | -4.1 | -24.7 |
P/E TTM | -1.0 | -0.6 | -2.3 | -4.0 | -24.6 |
Sector Ratios | |||||
P/S TTM (Sector) | 0.8 | 0.8 | 0.9 | 0.8 | 1.3 |
P/EBIT TTM (Sector) | 7.2 | 6.9 | 7.0 | 5.5 | 7.4 |
P/E TTM (Sector) | 9.5 | 8.1 | 8.9 | 7.3 | 9.2 |
9/18/25 | 2024 | 2023 | |
---|---|---|---|
Share Price CYE | $2.40 | $5.38 | $50.55 |
Market Cap CYE ($ Mil) | 117.8 | 188.3 | 1,376.2 |
Total Debt ($ Mil) | 451.7 | 534.6 | 660.7 |
Total Cash ($ Mil) | 107.6 | 182.7 | 289.8 |
Enterprise Value ($ Mil) | 461.8 | 722.9 | 2,036.9 |
Valuation Ratios | |||
P/S TTM | 1.6 | 2.2 | 18.8 |
P/EBIT TTM | -1.6 | -0.7 | -2.4 |
P/E TTM | -1.0 | -0.6 | -2.3 |
Sector Ratios | |||
P/S TTM (Sector) | 0.8 | 0.8 | 0.9 |
P/EBIT TTM (Sector) | 7.2 | 6.9 | 7.0 |
P/E TTM (Sector) | 9.5 | 8.1 | 8.9 |
Business Description
Luminar Technologies, Inc., an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Components. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries.
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Price Returns Compared
Expand for Detailed View2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
---|---|---|---|---|---|---|---|
Returns | |||||||
LAZR Return | 233% | -50% | -71% | -32% | -89% | -55% | -99% |
Peers Return | 19% | 8% | -8% | 21% | 9% | 26% | 96% |
S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 12% | 104% |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: PATK, VC, APTV, BWA, ALSN. See LAZR Returns vs. Peers.
[3] 2025 data is for the year up to 9/17/2025 (YTD)
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Luminar Technologies
Financials
Median | |
---|---|
Name | |
Mkt Price | 85.10 |
Mkt Cap | 5.4 |
Rev LTM | 3,819 |
Op Inc LTM | 672 |
FCF LTM | 492 |
FCF 3Y Avg | 483 |
CFO LTM | 644 |
CFO 3Y Avg | 607 |
Growth & Margins
Median | |
---|---|
Name | |
Rev Chg LTM | -1.9% |
Rev Chg 3Y Avg | 7.8% |
Rev Chg Q | -1.2% |
QoQ Delta Rev Chg LTM | -0.3% |
Op Mgn LTM | 9.1% |
Op Mgn 3Y Avg | 8.3% |
QoQ Delta Op Mgn LTM | 0.0% |
CFO/Rev LTM | 11.6% |
CFO/Rev 3Y Avg | 10.2% |
FCF/Rev LTM | 7.8% |
FCF/Rev 3Y Avg | 6.5% |
Valuation
Median | |
---|---|
Name | |
Mkt Cap | 5.4 |
P/S | 0.9 |
P/EBIT | 9.6 |
P/E | 14.8 |
P/CFO | 7.5 |
Total Yield | 5.4% |
Dividend Yield | 0.2% |
FCF Yield 3Y Avg | 8.1% |
D/E | 0.4 |
Net D/E | 0.3 |
Returns
Median | |
---|---|
Name | |
1M Rtn | 5.0% |
3M Rtn | 20.6% |
6M Rtn | 28.7% |
12M Rtn | 16.9% |
3Y Rtn | 20.1% |
1M Excs Rtn | 2.7% |
3M Excs Rtn | 11.4% |
6M Excs Rtn | 12.5% |
12M Excs Rtn | 2.6% |
3Y Excs Rtn | -46.0% |
Comparison Analyses
Segment Financials
Revenue by Segment
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Autonomy Solutions | 49 | 24 | 28 | 13 | 10 |
Advanced Technologies and Services (ATS) | 38 | 29 | 3 | 6 | 6 |
Eliminations | -18 | -12 | 0 | -5 | -3 |
Total | 70 | 41 | 32 | 14 | 13 |
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Advanced Technologies and Services (ATS) | -50 | -29 | -0 | -0 | 0 |
Autonomy Solutions | -514 | -413 | -214 | -87 | -63 |
Eliminations | -0 | 0 | |||
Total | -563 | -442 | -215 | -87 | -63 |
$ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Autonomy Solutions | 474 | 640 | 883 | 512 | 52 |
Advanced Technologies and Services (ATS) | 38 | 47 | 10 | 3 | 2 |
Eliminations | -9 | -4 | -3 | ||
Total | 512 | 687 | 884 | 510 | 52 |
Returns Analyses
Earnings Returns History
Expand for MoreForward Returns | |||
---|---|---|---|
Earnings Date | 1D Returns | 5D Returns | 21D Returns |
8/12/2025 | -15.6% | -34.4% | -41.2% |
3/20/2025 | 33.0% | -2.1% | -39.2% |
11/12/2024 | 10.8% | -15.2% | -51.0% |
8/6/2024 | -37.4% | -30.6% | -35.6% |
5/7/2024 | 18.8% | 16.4% | -12.1% |
2/27/2024 | -4.8% | -12.4% | -28.8% |
11/8/2023 | -14.9% | -9.5% | -35.6% |
8/8/2023 | -6.4% | -9.2% | -19.2% |
... | |||
SUMMARY STATS | |||
# Positive | 7 | 3 | 4 |
# Negative | 9 | 13 | 12 |
Median Positive | 10.8% | 16.4% | 7.0% |
Median Negative | -5.7% | -9.5% | -32.2% |
Max Positive | 33.0% | 39.8% | 12.3% |
Max Negative | -37.4% | -34.4% | -51.0% |
SEC Filings
Expand for MoreReport Date | Filing Date | Filing |
---|---|---|
6302025 | 8132025 | 10-Q 6/30/2025 |
3312025 | 5202025 | 10-Q 3/31/2025 |
12312024 | 3282025 | 10-K 12/31/2024 |
9302024 | 11182024 | 10-Q 9/30/2024 |
6302024 | 8082024 | 10-Q 6/30/2024 |
3312024 | 5102024 | 10-Q 3/31/2024 |
12312023 | 2282024 | 10-K 12/31/2023 |
9302023 | 11092023 | 10-Q 9/30/2023 |
6302023 | 8082023 | 10-Q 6/30/2023 |
3312023 | 5102023 | 10-Q 3/31/2023 |
12312022 | 2282023 | 10-K 12/31/2022 |
9302022 | 11042022 | 10-Q 9/30/2022 |
6302022 | 8092022 | 10-Q 6/30/2022 |
3312022 | 5062022 | 10-Q 3/31/2022 |
12312021 | 3012022 | 10-K 12/31/2021 |
9302021 | 11152021 | 10-Q 9/30/2021 |
Insider Activity
Expand for MoreOwner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
---|---|---|---|---|---|---|---|---|---|
0 | Heng Jun Hong | 12262024 | Sell | 5.10 | 72,842 | 371,254 | Form |
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