Company Valuation: Lumentum Holdings Inc.

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 6,353 5,548 3,868 3,442 6,576 63,837 - -
Change - -12.66% -30.28% -11.02% 91.03% 870.8% - -
Enterprise Value (EV) 1 5,587 4,875 4,666 5,058 8,272 65,917 65,332 64,376
Change - -12.74% -4.28% 8.4% 63.53% 696.89% -0.89% -1.46%
P/E ratio 16.5x 30x -29.2x -6.27x 256x 201x 67.3x 43.5x
PBR 3.1x 2.92x 2.76x 3.61x 5.76x 28.2x 17.4x 10.8x
PEG - -0.6x 0x -0x -2x 0x 0x 0.8x
Capitalization / Revenue 3.65x 3.24x 2.19x 2.53x 4x 21.8x 12.8x 9.07x
EV / Revenue 3.21x 2.85x 2.64x 3.72x 5.03x 22.5x 13.1x 9.15x
EV / EBITDA 9x 8.01x 10.8x 36x 31.3x 71.2x 34.8x 21.7x
EV / EBIT 10.4x 9.25x 13.8x 134x 51.7x 81.7x 36.6x 24.4x
EV / FCF 8.68x 13.2x 91x -46.7x -79x 266x 75.4x 26.8x
FCF Yield 11.5% 7.55% 1.1% -2.14% -1.27% 0.38% 1.33% 3.73%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 5.07 2.68 -1.93 -8.12 0.37 4.457 13.28 20.54
Distribution rate - - - - - - - -
Net sales 1 1,743 1,713 1,767 1,359 1,645 2,925 4,980 7,036
EBITDA 1 621 608.6 431.7 140.5 264.2 925.7 1,880 2,973
EBIT 1 536.1 527 339.2 37.8 160.1 807.3 1,784 2,640
Net income 1 397.3 198.9 -131.6 -546.5 25.9 389.3 1,190 1,841
Net Debt 1 -765.5 -673 798 1,616 1,696 2,080 1,495 539.8
Reference price 2 83.70 80.41 56.31 50.92 94.75 894.07 894.07 894.07
Nbr of stocks (in thousands) 75,900 69,000 68,700 67,600 69,400 71,400 - -
Announcement Date 18/08/21 16/08/22 17/08/23 14/08/24 12/08/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
200.62x22.54x71.2x-.--% 63.84B
28.22x5.7x14.8x1.92% 341B
49.73x16.88x35.74x-.--% 207B
20.73x0.85x15.4x2.5% 177B
31.68x9.67x23.88x0.35% 139B
31.76x6.34x18.74x1.11% 73.46B
115.87x11.71x54.88x-.--% 71.75B
69.89x - - - 65.63B
33.98x2.19x14.16x1.67% 57.2B
28.55x6.1x21.46x1.54% 51.47B
Average 61.10x 9.11x 30.03x 1.01% 124.7B
Weighted average by Cap. 47.65x 8.56x 25.61x 1.19%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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