Lumentum Holdings Intrinsic Value Calculator – LUMENTUM HOLDINGS Reports First Quarter Earnings for FY2024

🌥️Earnings Overview

For the first quarter of FY2024, LUMENTUM HOLDINGS ($NASDAQ:LITE) reported total revenue of USD 317.6 million, a 37.3% decrease from the same period of the previous year. In addition, the company experienced a net income of -67.9 million, compared to a net loss of -0.4 million in the prior year, ending on September 30 2023.

Market Price

The company mentioned that the decrease in expenses was attributable to a decrease in cost of goods sold and administrative expenses. With a strong balance sheet and promising outlook, Lumentum Holdings is well-positioned to continue their success for the remainder of the fiscal year. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Lumentum Holdings. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Lumentum Holdings. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Lumentum Holdings. More…

Key Ratios Snapshot

Some of the financial key ratios for Lumentum Holdings are shown below. More…

Analysis – Lumentum Holdings Intrinsic Value Calculator

GoodWhale recently analyzed the financials of LUMENTUM HOLDINGS. Our proprietary Valuation Line showed that the fair value of LUMENTUM HOLDINGS share is around $59.3. Currently, the stock price of LUMENTUM HOLDINGS is at $42.9, which is 27.6% lower than its fair value. This means that investors can get a good bargain on LUMENTUM HOLDINGS stocks at the current prices. More…

Peers

The company’s products are used in a variety of applications, including fiber-optic telecommunications, data communications, industrial lasers, and medical lasers.

– Advanced Fiber Resources (Zhuhai) Ltd ($SZSE:300620)

Advanced Fiber Resources (Zhuhai) Ltd is a leading manufacturer of advanced fiber-based products and materials. The company has a market cap of 6.59B as of 2022 and a return on equity of 5.23%. Advanced Fiber Resources (Zhuhai) Ltd manufactures a wide range of products, including fiber optic cable, data center equipment, and telecommunications equipment. The company’s products are used in a variety of applications, including data communications, computing, and networking.

– APAC Opto Electronics Inc ($TPEX:4908)

PAC Opto Electronics Inc is a Taiwanese company that manufactures and sells opto-electronic products. The company has a market cap of 2.39B as of 2022 and a Return on Equity of 12.6%. PAC Opto Electronics Inc’s products include semiconductor lasers, light emitting diodes, photo detectors, and optical communication components. The company’s products are used in a variety of applications including telecommunications, data storage, industrial, and medical.

– Cowell e Holdings Inc ($SEHK:01415)

Cowell e Holdings Inc is a holding company that operates through its subsidiaries. The company has a market cap of 10.95B as of 2022 and a ROE of 13.79%. The company’s subsidiaries engage in the business of providing financial services, including banking, lending, and investing. The company’s operations are conducted through its subsidiaries, which include Cowell e Bank, Cowell e Credit Union, and Cowell e Investment Services.

Summary

Lumentum Holdings, a leading provider of optical and photonic products, reported disappointing first quarter earnings for FY 2024. Total revenue decreased 37.3% from the same period last year, while net income registered a loss of -67.9 million, compared to a net loss of -0.4 million in the prior year. From an investing standpoint, this news presents a risk as it indicates a sharp decline in the company’s financial performance relative to the prior year. Investors should closely monitor Lumentum Holdings’ financials and news releases in order to gauge its progress over the coming quarters.