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Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2024-04-28), nLight's Intrinsic Value: Projected FCF is $1.18. The stock price of nLight is $11.555. Therefore, nLight's Price-to-Intrinsic-Value-Projected-FCF of today is 9.8.
The historical rank and industry rank for nLight's Intrinsic Value: Projected FCF or its related term are showing as below:
During the past 8 years, the highest Price-to-Intrinsic-Value-Projected-FCF of nLight was 11.44. The lowest was 7.98. And the median was 9.71.
The historical data trend for nLight's Intrinsic Value: Projected FCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
nLight Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | - | - | - | 1.27 | 1.18 |
nLight Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Intrinsic Value: Projected FCF | Get a 7-Day Free Trial | 1.27 | 1.22 | 1.13 | 1.22 | 1.18 |
For the Semiconductors subindustry, nLight's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Semiconductors industry and Technology sector, nLight's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where nLight's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)
In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):
Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)
Add all the Free Cash Flow together and divide 6 will get nLight's Free Cash Flow(6 year avg) = $-15.56.
nLight's Intrinsic Value: Projected FCF for today is calculated as
Intrinsic Value: Projected FCF | = | (Growth Multiple | * | Free Cash Flow (6 year avg) | + | Total Stockholders Equity (Dec23) | * | 0.8) | / | Shares Outstanding (Diluted Average) |
= | (9.5203515959648 | * | -15.56416 | + | 254.419 | * | 0.8) | / | 46.741 | |
= | 1.18 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
nLight (NAS:LASR) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
nLight's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF | = | Share Price | / | Intrinsic Value: Projected FCF |
= | 11.555 | / | 1.1843761259739 | |
= | 9.76 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of nLight's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.
Joseph John Corso | officer: Chief Financial Officer | 4637 NW 18TH AVE, CAMAS WA 98607 |
James Nias | officer: Chief Accounting Officer | 4637 NW 18TH AVENUE, CAMAS WA 98607 |
Scott H Keeney | director, officer: President and CEO | 5408 NE 88TH STREET, BUILDING E, VANCOUVER WA 98665 |
Ran Bareket | officer: CFO | 1005 VIRGINIA DRIVE, FORT WASHINGTON PA 19034 |
Camille Nichols | director | 5408 NE 88TH STREET, BUILDING E, VANCOUVER WA 98665 |
Robert Martinsen | officer: Chief Technical Officer | 5408 NE 88TH STREET, BUILDING E, VANCOUVER WA 98665 |
Sixth Mdv Partners, L.l.c. | 10 percent owner | 777 MARINERS ISLAND BLVD., STE. 550, SAN MATEO CA 94404 |
David D. Osborne | director | 5408 NE 88TH STREET, BUILDING E, VANCOUVER WA 98665 |
Oak X Affiliates Fund Lp | 10 percent owner | 901 MAIN AVENUE, NORWALK CT 06851 |
Bandel L Carano | director, 10 percent owner | 525 UNIVERSITY AVENUE, SUITE 1300, PALO ALTO CA 94301 |
Douglas C Carlisle | director, 10 percent owner | 3000 SAND HILL RD, BLDG 4 STE 100, MENLO PARK CA 94025 |
Mv Management Ix Llc | 10 percent owner | 2884 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025 |
William Gossman | director | 5408 NE 88TH STREET, BUILDING E, VANCOUVER WA 98665 |
Menlo Entrepreneurs Fund Ix A Lp | 10 percent owner | 2884 SAND HILL RD, SUITE 100, MENLO PARK CA 94025 |
Menlo Entrepreneurs Fund Ix Lp | 10 percent owner | 3000 SAND HILL ROAD, BUILDING 4, SUITE 100, MENLO PARK CA 94025 |
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