Luminar Technologies, Inc. (LAZR) Discounted Free Cash Flow - Perpetuity - Discounting Cash Flows
LAZR
Luminar Technologies, Inc.
LAZR (NASDAQ)

Estimated Value

USD

Market Price USD

* Values are not guaranteed, please do your own
research before making investment decisions.

Discounted Free Cash Flow Model

Discounted Free Cash Flow calculates the value of a share based on the company's estimated future Free Cash Flow figures.

See our GitHub Model Documentation

Interactive Assumptions

Discount Rate

Discount Rate

Discount Rate = Equity Weight * Cost of Equity + Debt Weight * Cost of Debt * (1 - Tax Rate)

Calculated using Weighted Average Cost of Capital (WACC) formula. It represents a firm’s average after-tax cost of capital from all sources, including common stock, preferred stock, bonds, and other forms of debt.

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Cost of Equity

Cost of Equity = Risk Free Rate + Beta * Market Premium

The cost of equity is the theoretical rate of return that an equity investment should generate. It is calculated using the CAPM formula.

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Cost of Debt

Cost of Debt = Interest Expense / Total Debt

The cost of debt is the effective rate that a company pays on its debt, such as bonds and loans.

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Equity & Debt Weights

Debt Weight = Total Debt / (Market Capitalization + Total Debt) = 1 - Equity Weight

The Equity Weight represents the proportion of equity-based financing (Market Capitalization), while the Debt Weight represents the proportion of debt-based financing (Total Debt).


Tax Rate

Tax Rate = Income Tax Expense / Income Before Tax

The overall tax rate paid by the company on its earned income.

↳ Beta

Beta

Beta measures the volatility of a stock's price in relation to the overall stock market. A higher beta indicates greater price fluctuations relative to the market.

↳ Risk Free Rate

Risk-Free Rate

The risk-free rate represents the return an investor expects from an absolutely risk-free investment over a specified time period. By default, it is set to the current yield of the U.S. 10-Year Treasury Bond.

↳ Market Premium

Market Premium

The market risk premium represents the additional return over the risk-free rate that investors expect for taking on the risks associated with equities.

Growth In Perpetuity

Growth in Perpetuity

The rate at which the company's free cash flow is assumed to grow indefinitely. By default, this rate equals the yield of the U.S. 10-Year Treasury Bond.

Historical Years

Historical Years

The number of years of historical data used to calculate averages and trends for analysis.

Projection Years

Projection Years

The number of years into the future for which the analysis projects financial performance and metrics.

Revenue Growth Rate

Revenue Growth Rate

The annual growth rate applied to projected revenue, starting from the second projection year onward.

Operating Cash Flow Margin

Operating Cash Flow Margin

Projected Operating Cash Flow = Projected Revenue * Operating Cash Flow Margin

This margin represents the percentage of revenue used to estimate future Operating Cash Flow.

Capital Expenditure Margin

Capital Expenditure Margin

Projected Free Cash Flow = Projected Operating Cash Flow - Projected Revenue * Capital Expenditure Margin

This margin is used to estimate future capital expenditures as a percentage of revenue, which in turn is subtracted from Operating Cash Flow to calculate Free Cash Flow.

Results

Terminal Value
Discounted Terminal Value
Sum of Discounted Free Cash Flow
Enterprise Value
Cash and Equivalents 61.22 Mil. USD
Total Debt 518.3 Mil. USD
Equity Value -378.2 Mil. USD
Shares Outstanding 42.09 Mil. USD
Estimated Value per Share -8.98 USD
Yield of the U.S. 10 Year Treasury Note 4.35%
Average Cash from Operating Activities Margin -380.7%
Average Capital Expenditure Margin 21.64%
Cost of Equity 13.04%
Equity Weight 19.75%
Cost of Debt 7.06%
Debt Weight 80.25%
Tax Rate 0.516%

Monetary values are in USD

Edit Chart Values 2025 2026 2027 2028 2029

amounts of USD except for #

2024 2025 2026 2027 2028 2029
Revenue 75.39 84.04 105 131.3 164.1 205.2
Revenue Growth Rate 8.05% 11.46% 25% 25% 25% 25%
Operating Cash Flow -276.6 0 0 0 0 0
Operating Cash Flow Margin -366.9% 0% 0% 0% 0% 0%
Capital Expenditure -5.09 0 0 0 0 0
Capital Expenditure Margin -6.75% 0% 0% 0% 0% 0%
Free Cash Flow -281.7 0 0 0 0 0
Free Cash Flow Margin -373.7% 0% 0% 0% 0% 0%
Compounded Discount Rate
3.95% 12.48% 21.72% 31.74% 42.56%
Discounted Free Cash Flow -281.7 0 0 0 0 0

amounts of USD except for #

Average LTM 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue 41.17 73.31 75.39 69.78 40.7 31.94 13.95 12.6 11.69
Revenue Growth Rate 35.95% -2.76% 8.05% 71.46% 27.4% 129% 10.7% 7.78%
Cost of Revenue 67.48 96.65 101.1 142.5 101 46.09 24.95 16.66 10.94
Gross Profit -26.31 -23.33 -25.69 -72.69 -60.28 -14.15 -11 -4.05 0.753
Gross Margin -58.38% -31.83% -34.07% -104.2% -148.1% -44.29% -78.85% -32.16% 6.44%
Operating Income -273.3 -381.5 -435 -563.3 -442.4 -214.6 -86.88 -62.62 -0.022
Operating Margin -597.9% -520.4% -577% -807.3% -1,087% -671.7% -622.7% -496.9% -0.188%
Net Income -277.3 -228.1 -273.1 -571.3 -445.9 -238 -365.2 -96.96 -0.022
Net Margin -840.1% -311.2% -362.3% -818.7% -1,096% -745% -2,618% -769.4% -0.188%
Cash from Operating Activities -157 -239.6 -276.6 -247.3 -208.2 -148.4 -75.64 -60.2 -0.123
Cash from Operating Activities Margin -380.7% -326.9% -366.9% -354.4% -511.7% -464.6% -542.2% -477.7% -1.05%
Capital Expenditure -7.94 -3.92 -5.09 -21.91 -18.06 -6.43 -2.2 -1.49 -4.39
Free Cash Flow -165 -243.6 -281.7 -269.2 -226.3 -154.9 -77.84 -61.69 -4.51
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Discounting Cash Flows

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